Cloudflare price to free cash flow NET

Market value divided by free cash flow over the last twelve months, since 2023.

Today, Oct 23, 2026: 333×
3-year median: 251×
Against its 3-year history: 85th; percentile: 0 is its lowest day, 100 its highest
3-year range: 141× to 399×
Peer median: 43.9×

Cloudflare's price to free cash flow is 333× as of Oct 23, 2026.

That is above its 3-year median of 251×, higher than on 85% of days in the last 3 years.

Over that time it ranged from 141× in May 2024 to 399× in Jun 2023.

The median for 10 infrastructure software stocks of a similar size is 43.9×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	333×	204×	369×
2025	300×	171×	378×
2024	194×	141×	294×
2023	227×	172×	399×

Against its peers

Companies in Software - Infrastructure nearest Cloudflare's size, closest first, today.

Company	Price to free cash flow
NETCloudflare	333×
FTNTFortinet	42.4×
SNPSSynopsys	30.0×
CRWDCrowdStrike	164×
XYZBlock	11.8×
PANWPalo Alto Networks	75.7×
ZSZscaler	48.8×
TWLOTwilio	n/m
OKTAOkta	38.0×
ORCLOracle	n/m
MDBMongoDB	45.4×
Peer median	43.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Cloudflare

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.