Cloudflare, Inc. (NET) Return on Invested Capital (ROIC): -4.10%
Is Cloudflare, Inc.’s return on invested capital (ROIC) high or low?
Cloudflare, Inc.'s return on invested capital (ROIC) of -4.10% is 41% above its 5-year average of -6.94%, near the high end of its 5-year range (-9.05%–-4.10%).
The return on invested capital (ROIC) for Cloudflare, Inc. (NET) is -4.10% as of Wednesday, June 10, 2026. It is above its 12-month average by 19.29% (-5.08%).
NET Return on Invested Capital (ROIC) Chart
NET Average Return on Invested Capital (ROIC) Chart
NET Current vs Average Return on Invested Capital (ROIC) Chart
NET Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
-4.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
-5.08%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
-6.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
-6.94%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
-9.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
-9.90%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
-9.90%
CURRENT VS TTM AVG
+19.29%
CURRENT VS 3Y AVG
+40.41%
CURRENT VS 5Y AVG
+40.94%
CURRENT VS 10Y AVG
+58.59%
CURRENT VS 15Y AVG
+58.59%
CURRENT VS 20Y AVG
+58.59%
NET Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cloudflare, Inc. (NET) | — | -4.10% | -5.08% | -6.88% | -6.94% |
| Snowflake Inc. (SNOW) | $83.07B | -30.15% | -27.70% | -22.31% | -18.89% |
| Datadog, Inc. (DDOG) | $80.92B | -0.74% | 0.17% | -0.79% | -0.84% |
| Intuit Inc. (INTU) | $80.36B | 14.78% | 13.40% | 11.41% | 13.64% |
| Synopsys, Inc. (SNPS) | $89.09B | 1.97% | 7.00% | 11.24% | 10.99% |
| Monolithic Power Systems, Inc. (MPWR) | $75.27B | 15.30% | 15.76% | 18.62% | 17.70% |
| NXP Semiconductors N.V. (NXPI) | $75.09B | 11.03% | 11.97% | 13.63% | 0.71% |
| Adobe Inc. (ADBE) | $96.15B | 36.69% | 31.05% | 27.82% | 27.06% |
| Fortinet, Inc. (FTNT) | $101.39B | 28.75% | 27.98% | 29.21% | 26.02% |
| Hewlett Packard Enterprise Company (HPE) | $63.89B | -0.59% | 1.82% | 3.45% | 3.64% |
Capital Efficiency
ROIC
-4.1%
ROE
-7.0%
Cloudflare, Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Cloudflare, Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The return on invested capital (ROIC) for NET stock is -4.10%.
- Is Cloudflare, Inc.'s return on invested capital (ROIC) high or low?
- Cloudflare, Inc.'s return on invested capital (ROIC) of -4.10% is 41% above its 5-year average of -6.94%, near the high end of its 5-year range (-9.05%–-4.10%).
- What is the TTM average return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The TTM average return on invested capital (ROIC) for NET stock is -5.08%.
- What is the 3Y average return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The 3Y average return on invested capital (ROIC) for NET stock is -6.88%.
- What is the 5Y average return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The 5Y average return on invested capital (ROIC) for NET stock is -6.94%.
- What is the 10Y average return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The 10Y average return on invested capital (ROIC) for NET stock is -9.90%.
- What is the 15Y average return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The 15Y average return on invested capital (ROIC) for NET stock is -9.90%.
- What is the 20Y average return on invested capital (ROIC) for Cloudflare, Inc. (NET)?
- The 20Y average return on invested capital (ROIC) for NET stock is -9.90%.
Cloudflare, Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | -4.10% |
| 2024-12-31 | -6.06% |
| 2023-12-31 | -8.31% |
| 2022-12-31 | -9.05% |
| 2021-12-31 | -6.02% |
| 2020-12-31 | -8.11% |
| 2019-12-31 | -14.45% |
| 2018-12-31 | -35.78% |
| 2017-12-31 | -7.14% |
| 2016-12-31 | 0.00% |
Related Metrics
About Cloudflare, Inc.
Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Matthew Prince