TTM
5.9%
YoY change
+1.16pp
Trough year (2018)
-34.4%
Peak year (2025)
4.9%
Latest annual
4.9%
EBITDA Margin history chart for Cloudflare (NET) from 2016 to 2025
Latest: 4.9%
EBITDA Margin change chart for Cloudflare (NET) from 2016 to 2025
Latest: +1.16pp
EBITDA Margin history table for Cloudflare (NET) from 2016 to 2025
| 2025 | 4.9% | +1.16pp | ||
| 2024 | 3.7% | +6.51pp | ||
| 2023 | -2.8% | +5.76pp | ||
| 2022 | -8.6% | +11.58pp | ||
| 2021 | -20.1% | -8.39pp | ||
| 2020 | -11.7% | +14.08pp | ||
| 2019 | -25.8% | +8.53pp | ||
| 2018 | -34.4% | -36.81pp | ||
| 2017 | 2.5% | +12.20pp | ||
| 2016 | -9.7% | — |
- 20254.9%+1.16pp
- 20243.7%+6.51pp
- 2023-2.8%+5.76pp
- 2022-8.6%+11.58pp
- 2021-20.1%-8.39pp
- 2020-11.7%+14.08pp
- 2019-25.8%+8.53pp
- 2018-34.4%-36.81pp
- 20172.5%+12.20pp
- 2016-9.7%—
EBITDA Margin values are taken from Cloudflare's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA Margin at Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's latest reported EBITDA margin is 5.9%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual EBITDA margin for Cloudflare (NET) came in at 4.88% – expanded 1.2 percentage points year-over-year.
The highest annual EBITDA margin of 4.88% was reported in 2025. The lowest in the available history was -34.35% in 2018.
Cloudflare EBITDA Margin by Year
Cloudflare EBITDA Margin 2025: 4.9%
Cloudflare posted EBITDA margin of 4.88% in 2025, expanded 1.2 percentage points from 2024. This figure represents the highest annual value in the available history.
Cloudflare EBITDA Margin 2024: 3.7%
In 2024, Cloudflare reported EBITDA margin of 3.72%, expanded 6.5 percentage points from 2023.
Cloudflare EBITDA Margin 2023: -2.8%
Cloudflare EBITDA margin in 2023 was -2.79%, expanded 5.8 percentage points from 2022.
Cloudflare EBITDA Margin 2022: -8.6%
2022's EBITDA margin for Cloudflare came in at -8.55%, expanded 11.6 percentage points from 2021.
Cloudflare EBITDA Margin 2021: -20.1%
Cloudflare EBITDA margin in 2021 was -20.13%.
See more financial history for Cloudflare (NET).
Sector peers by EBITDA Margin
Technology peers of Cloudflare (NET), ranked by their latest EBITDA margin
| 76.0% | |
| 76.0% | |
| 63.9% | |
| 63.1% | |
| 55.3% | |
| 38.6% | |
| 35.5% | |
| 21.6% |
- 76.0%
- 76.0%
- 63.1%
- 55.3%
- 38.6%
- 35.5%
- 21.6%
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