Cloudflare (XSWX:NET) Capex-to-Revenue: 0.12 (As of Mar. 2026)


XSWX:NET Cloudflare Inc XSWX:NET
78 GF Score
Price CHF195.52
GF Value CHF142.50
! 3 Warning Signs
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What is Cloudflare Capex-to-Revenue?

Cloudflare XSWX:NET 78 Capex-to-Revenue is 0.12 as of Mar. 2026. GuruFocus rates XSWX:NET with a GF Score™ of 78/100 and a GF Value™ of CHF142.50. The stock has 3 warning signs investors should review.

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.

Cloudflare's Capital Expenditure for the three months ended in Mar. 2026 was CHF-74.26 Mil. Its Revenue for the three months ended in Mar. 2026 was CHF639.76 Mil.

Hence, Cloudflare's Capex-to-Revenue for the three months ended in Mar. 2026 was 0.12.

Cloudflare  (XSWX:NET) Capex-to-Revenue Explanation

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.

Cloudflare Capex-to-Revenue Related Terms

Cloudflare Capex-to-Revenue Historical Data

* Premium members only.

The historical data trend for Cloudflare's Capex-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Cloudflare Capex-to-Revenue Chart

Cloudflare Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Capex-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 0.17 0.10 0.13 0.16

Cloudflare Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Capex-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.13 0.16 0.15 0.12

XSWX:NET vs : Capex-to-Revenue Comparison

For the Software - Infrastructure subindustry, Cloudflare's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cloudflare Capex-to-Revenue vs Software Industry

For the Software industry and Technology sector, Cloudflare's Capex-to-Revenue distribution charts can be found below:

* The bar in red indicates where Cloudflare's Capex-to-Revenue falls into.


XSWX:NET
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Cloudflare Inc XSWX:NET
Capex-to-Revenue is just one metric. See GF Score™, valuation, warning signs, and more.
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Cloudflare Capex-to-Revenue Calculation

Cloudflare's Capex-to-Revenue for the fiscal year that ended in Dec. 2025 is calculated as

Capex-to-Revenue=- Capital Expenditure / Revenue
=- (-342.552) / 2167.937
=0.16

Cloudflare's Capex-to-Revenue for the quarter that ended in Mar. 2026 is calculated as

Capex-to-Revenue=- Capital Expenditure / Revenue
=- (-74.256) / 639.755
=0.12

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Capex-to-Revenue →
What does a Capex-to-Revenue of 0.12 mean?
Cloudflare (XSWX:NET) has a Capex-to-Revenue of 0.12 as of Mar. 2026. Capex to Revenue ratio measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. View historical data on Cloudflare and its competitors.
Is Cloudflare's Capex-to-Revenue too high?
Cloudflare's current Capex-to-Revenue is 0.12. Overall, Cloudflare has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Cloudflare's Capex-to-Revenue compare to ?
Cloudflare's Capex-to-Revenue of 0.12 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Revenue for a Software company?
A good Capex-to-Revenue depends on the Software industry context. However, Capex-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Revenue mean?
A high Capex-to-Revenue can signal that a stock is expensive relative to its fundamentals. Capex to Revenue ratio measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. View historical data on Cloudflare and its competitors. Cloudflare's current Capex-to-Revenue is 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudflare stock overvalued right now?
Cloudflare (XSWX:NET) has a current Capex-to-Revenue of 0.12. The stock's GF Value™ is CHF142.50, compared to a current price of CHF195.52 — trading 37.2% above its estimated fair value. The current Capex-to-Revenue is 0.12. Cloudflare's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Revenue calculated?
Capex-to-Revenue is calculated from a company's financial statements. For Cloudflare (XSWX:NET), the current Capex-to-Revenue is 0.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Cloudflare (XSWX:NET) Overvalued in 2026?

Based on GuruFocus' analysis, Cloudflare stock appears to be overvalued. The current stock price of CHF195.52 is trading 37.2% above its estimated GF Value™ of CHF142.50.

Key valuation signals for XSWX:NET:

  • Capex-to-Revenue: 0.12
  • GF Value™: CHF142.50 vs. price of CHF195.52 (37.2% above fair value)
  • GF Score™: 78/100 with 3 warning signs

No single metric tells the full story. See the XSWX:NET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cloudflare Business Description

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Address 101 Townsend Street, San Francisco, CA, USA, 94107
Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, builds on this infrastructure by enabling clients to deploy and run code without the need to manage or maintain servers.
78GF Score

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Capex-to-Revenue is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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