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Side-by-side financial comparison of ACUITY INC. (DE) (AYI) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
ACUITY INC. (DE) is the larger business by last-quarter revenue ($1.1B vs $614.5M, roughly 1.9× Cloudflare, Inc.). ACUITY INC. (DE) runs the higher net margin — 10.5% vs -2.0%, a 12.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 20.2%). ACUITY INC. (DE) produced more free cash flow last quarter ($114.8M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 12.4%).
Squarespace, Inc. is an American website building and hosting company based in New York City. It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages.
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.
AYI vs NET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $614.5M |
| Net Profit | $120.5M | $-12.1M |
| Gross Margin | 48.4% | 73.6% |
| Operating Margin | 14.0% | -8.0% |
| Net Margin | 10.5% | -2.0% |
| Revenue YoY | 20.2% | 33.6% |
| Net Profit YoY | 12.9% | 6.0% |
| EPS (diluted) | $3.82 | $-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 | $1.1B | $614.5M | ||
| Q3 25 | $1.2B | $562.0M | ||
| Q2 25 | $1.2B | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $951.6M | $459.9M | ||
| Q3 24 | $1.0B | $430.1M | ||
| Q2 24 | $968.1M | $401.0M | ||
| Q1 24 | $905.9M | $378.6M |
| Q4 25 | $120.5M | $-12.1M | ||
| Q3 25 | $114.0M | $-1.3M | ||
| Q2 25 | $98.4M | $-50.4M | ||
| Q1 25 | $77.5M | $-38.5M | ||
| Q4 24 | $106.7M | $-12.8M | ||
| Q3 24 | $118.9M | $-15.3M | ||
| Q2 24 | $113.9M | $-15.1M | ||
| Q1 24 | $89.2M | $-35.5M |
| Q4 25 | 48.4% | 73.6% | ||
| Q3 25 | 48.9% | 74.0% | ||
| Q2 25 | 48.4% | 74.9% | ||
| Q1 25 | 46.5% | 75.9% | ||
| Q4 24 | 47.2% | 76.4% | ||
| Q3 24 | 47.3% | 77.7% | ||
| Q2 24 | 46.7% | 77.8% | ||
| Q1 24 | 45.5% | 77.5% |
| Q4 25 | 14.0% | -8.0% | ||
| Q3 25 | 14.9% | -6.7% | ||
| Q2 25 | 11.9% | -13.1% | ||
| Q1 25 | 11.0% | -11.1% | ||
| Q4 24 | 14.0% | -7.5% | ||
| Q3 24 | 15.2% | -7.2% | ||
| Q2 24 | 15.0% | -8.7% | ||
| Q1 24 | 13.0% | -14.4% |
| Q4 25 | 10.5% | -2.0% | ||
| Q3 25 | 9.4% | -0.2% | ||
| Q2 25 | 8.3% | -9.8% | ||
| Q1 25 | 7.7% | -8.0% | ||
| Q4 24 | 11.2% | -2.8% | ||
| Q3 24 | 11.5% | -3.6% | ||
| Q2 24 | 11.8% | -3.8% | ||
| Q1 24 | 9.8% | -9.4% |
| Q4 25 | $3.82 | $-0.03 | ||
| Q3 25 | $3.61 | $0.00 | ||
| Q2 25 | $3.12 | $-0.15 | ||
| Q1 25 | $2.45 | $-0.11 | ||
| Q4 24 | $3.35 | $-0.05 | ||
| Q3 24 | $3.77 | $-0.04 | ||
| Q2 24 | $3.62 | $-0.04 | ||
| Q1 24 | $2.84 | $-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 | $376.1M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8B | $1.5B |
| Total Assets | $4.7B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.1M | $943.5M | ||
| Q3 25 | $422.5M | $1.1B | ||
| Q2 25 | $371.8M | $1.5B | ||
| Q1 25 | $397.9M | $204.5M | ||
| Q4 24 | $935.6M | $147.7M | ||
| Q3 24 | $845.8M | $182.9M | ||
| Q2 24 | $699.0M | $157.0M | ||
| Q1 24 | $578.9M | $254.4M |
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.4B | $973.1M | ||
| Q2 24 | $2.3B | $881.5M | ||
| Q1 24 | $2.1B | $797.2M |
| Q4 25 | $4.7B | $6.0B | ||
| Q3 25 | $4.8B | $5.8B | ||
| Q2 25 | $4.6B | $5.6B | ||
| Q1 25 | $4.6B | $3.7B | ||
| Q4 24 | $3.9B | $3.3B | ||
| Q3 24 | $3.8B | $3.1B | ||
| Q2 24 | $3.6B | $2.9B | ||
| Q1 24 | $3.5B | $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 | $140.8M | $190.4M |
| Free Cash FlowOCF − Capex | $114.8M | $105.2M |
| FCF MarginFCF / Revenue | 10.0% | 17.1% |
| Capex IntensityCapex / Revenue | 2.3% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $534.5M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.8M | $190.4M | ||
| Q3 25 | $202.5M | $167.1M | ||
| Q2 25 | $207.3M | $99.8M | ||
| Q1 25 | $59.4M | $145.8M | ||
| Q4 24 | $132.2M | $127.3M | ||
| Q3 24 | $174.1M | $104.7M | ||
| Q2 24 | $152.5M | $74.8M | ||
| Q1 24 | $102.6M | $73.6M |
| Q4 25 | $114.8M | $105.2M | ||
| Q3 25 | $177.7M | $82.5M | ||
| Q2 25 | $192.3M | $39.9M | ||
| Q1 25 | $49.7M | $59.9M | ||
| Q4 24 | $113.3M | $54.2M | ||
| Q3 24 | $151.1M | $54.5M | ||
| Q2 24 | $140.5M | $45.2M | ||
| Q1 24 | $88.2M | $41.5M |
| Q4 25 | 10.0% | 17.1% | ||
| Q3 25 | 14.7% | 14.7% | ||
| Q2 25 | 16.3% | 7.8% | ||
| Q1 25 | 4.9% | 12.5% | ||
| Q4 24 | 11.9% | 11.8% | ||
| Q3 24 | 14.6% | 12.7% | ||
| Q2 24 | 14.5% | 11.3% | ||
| Q1 24 | 9.7% | 11.0% |
| Q4 25 | 2.3% | 13.9% | ||
| Q3 25 | 2.1% | 15.1% | ||
| Q2 25 | 1.3% | 11.7% | ||
| Q1 25 | 1.0% | 17.9% | ||
| Q4 24 | 2.0% | 15.9% | ||
| Q3 24 | 2.2% | 11.7% | ||
| Q2 24 | 1.2% | 7.4% | ||
| Q1 24 | 1.6% | 8.5% |
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 2.11× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | 1.34× | — | ||
| Q1 24 | 1.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
