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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $364.8M, roughly 1.7× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs -2.0%, a 6.1% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 5.1%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-8.8M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 11.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
ARHS vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $614.5M |
| Net Profit | $15.1M | $-12.1M |
| Gross Margin | 38.1% | 73.6% |
| Operating Margin | 5.6% | -8.0% |
| Net Margin | 4.1% | -2.0% |
| Revenue YoY | 5.1% | 33.6% |
| Net Profit YoY | -29.1% | 6.0% |
| EPS (diluted) | $0.11 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $364.8M | $614.5M | ||
| Q3 25 | $344.6M | $562.0M | ||
| Q2 25 | $358.4M | $512.3M | ||
| Q1 25 | $311.4M | $479.1M | ||
| Q4 24 | $347.0M | $459.9M | ||
| Q3 24 | $319.1M | $430.1M | ||
| Q2 24 | $309.8M | $401.0M | ||
| Q1 24 | $295.2M | $378.6M |
| Q4 25 | $15.1M | $-12.1M | ||
| Q3 25 | $12.2M | $-1.3M | ||
| Q2 25 | $35.1M | $-50.4M | ||
| Q1 25 | $4.9M | $-38.5M | ||
| Q4 24 | $21.3M | $-12.8M | ||
| Q3 24 | $9.9M | $-15.3M | ||
| Q2 24 | $22.2M | $-15.1M | ||
| Q1 24 | $15.1M | $-35.5M |
| Q4 25 | 38.1% | 73.6% | ||
| Q3 25 | 38.7% | 74.0% | ||
| Q2 25 | 41.4% | 74.9% | ||
| Q1 25 | 37.1% | 75.9% | ||
| Q4 24 | 40.0% | 76.4% | ||
| Q3 24 | 38.6% | 77.7% | ||
| Q2 24 | 40.1% | 77.8% | ||
| Q1 24 | 39.0% | 77.5% |
| Q4 25 | 5.6% | -8.0% | ||
| Q3 25 | 4.8% | -6.7% | ||
| Q2 25 | 13.0% | -13.1% | ||
| Q1 25 | 1.7% | -11.1% | ||
| Q4 24 | 8.2% | -7.5% | ||
| Q3 24 | 3.3% | -7.2% | ||
| Q2 24 | 9.5% | -8.7% | ||
| Q1 24 | 6.2% | -14.4% |
| Q4 25 | 4.1% | -2.0% | ||
| Q3 25 | 3.5% | -0.2% | ||
| Q2 25 | 9.8% | -9.8% | ||
| Q1 25 | 1.6% | -8.0% | ||
| Q4 24 | 6.1% | -2.8% | ||
| Q3 24 | 3.1% | -3.6% | ||
| Q2 24 | 7.2% | -3.8% | ||
| Q1 24 | 5.1% | -9.4% |
| Q4 25 | $0.11 | $-0.03 | ||
| Q3 25 | $0.09 | $0.00 | ||
| Q2 25 | $0.25 | $-0.15 | ||
| Q1 25 | $0.03 | $-0.11 | ||
| Q4 24 | $0.15 | $-0.05 | ||
| Q3 24 | $0.07 | $-0.04 | ||
| Q2 24 | $0.16 | $-0.04 | ||
| Q1 24 | $0.11 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $1.5B |
| Total Assets | $1.4B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $943.5M | ||
| Q3 25 | $262.2M | $1.1B | ||
| Q2 25 | $234.8M | $1.5B | ||
| Q1 25 | $214.4M | $204.5M | ||
| Q4 24 | $197.5M | $147.7M | ||
| Q3 24 | $177.7M | $182.9M | ||
| Q2 24 | $174.2M | $157.0M | ||
| Q1 24 | $233.2M | $254.4M |
| Q4 25 | $418.2M | $1.5B | ||
| Q3 25 | $400.4M | $1.3B | ||
| Q2 25 | $385.6M | $1.2B | ||
| Q1 25 | $348.8M | $1.4B | ||
| Q4 24 | $343.7M | $1.0B | ||
| Q3 24 | $320.6M | $973.1M | ||
| Q2 24 | $309.3M | $881.5M | ||
| Q1 24 | $285.6M | $797.2M |
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.4B | $5.8B | ||
| Q2 25 | $1.3B | $5.6B | ||
| Q1 25 | $1.3B | $3.7B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.2B | $3.1B | ||
| Q2 24 | $1.2B | $2.9B | ||
| Q1 24 | $1.2B | $2.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $190.4M |
| Free Cash FlowOCF − Capex | $-8.8M | $105.2M |
| FCF MarginFCF / Revenue | -2.4% | 17.1% |
| Capex IntensityCapex / Revenue | 5.0% | 13.9% |
| Cash ConversionOCF / Net Profit | 0.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $190.4M | ||
| Q3 25 | $46.1M | $167.1M | ||
| Q2 25 | $34.9M | $99.8M | ||
| Q1 25 | $46.5M | $145.8M | ||
| Q4 24 | $31.7M | $127.3M | ||
| Q3 24 | $31.1M | $104.7M | ||
| Q2 24 | $47.5M | $74.8M | ||
| Q1 24 | $36.8M | $73.6M |
| Q4 25 | $-8.8M | $105.2M | ||
| Q3 25 | $28.0M | $82.5M | ||
| Q2 25 | $20.9M | $39.9M | ||
| Q1 25 | $18.9M | $59.9M | ||
| Q4 24 | $13.0M | $54.2M | ||
| Q3 24 | $4.6M | $54.5M | ||
| Q2 24 | $11.3M | $45.2M | ||
| Q1 24 | $10.9M | $41.5M |
| Q4 25 | -2.4% | 17.1% | ||
| Q3 25 | 8.1% | 14.7% | ||
| Q2 25 | 5.8% | 7.8% | ||
| Q1 25 | 6.1% | 12.5% | ||
| Q4 24 | 3.7% | 11.8% | ||
| Q3 24 | 1.4% | 12.7% | ||
| Q2 24 | 3.6% | 11.3% | ||
| Q1 24 | 3.7% | 11.0% |
| Q4 25 | 5.0% | 13.9% | ||
| Q3 25 | 5.3% | 15.1% | ||
| Q2 25 | 3.9% | 11.7% | ||
| Q1 25 | 8.9% | 17.9% | ||
| Q4 24 | 5.4% | 15.9% | ||
| Q3 24 | 8.3% | 11.7% | ||
| Q2 24 | 11.7% | 7.4% | ||
| Q1 24 | 8.8% | 8.5% |
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
