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Side-by-side financial comparison of BELLRING BRANDS, INC. (BRBR) 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 $537.3M, roughly 1.1× BELLRING BRANDS, INC.). BELLRING BRANDS, INC. runs the higher net margin — 8.1% vs -2.0%, a 10.1% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 0.8%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-7.3M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 4.2%).
Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.
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.
BRBR vs NET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $537.3M | $614.5M |
| Net Profit | $43.7M | $-12.1M |
| Gross Margin | 29.9% | 73.6% |
| Operating Margin | 14.6% | -8.0% |
| Net Margin | 8.1% | -2.0% |
| Revenue YoY | 0.8% | 33.6% |
| Net Profit YoY | -43.2% | 6.0% |
| EPS (diluted) | $0.36 | $-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 | $537.3M | $614.5M | ||
| Q3 25 | $648.2M | $562.0M | ||
| Q2 25 | $547.5M | $512.3M | ||
| Q1 25 | $588.0M | $479.1M | ||
| Q4 24 | $532.9M | $459.9M | ||
| Q3 24 | $555.8M | $430.1M | ||
| Q2 24 | $515.4M | $401.0M | ||
| Q1 24 | $494.6M | $378.6M |
| Q4 25 | $43.7M | $-12.1M | ||
| Q3 25 | $59.6M | $-1.3M | ||
| Q2 25 | $21.0M | $-50.4M | ||
| Q1 25 | $58.7M | $-38.5M | ||
| Q4 24 | $76.9M | $-12.8M | ||
| Q3 24 | $71.7M | $-15.3M | ||
| Q2 24 | $73.7M | $-15.1M | ||
| Q1 24 | $57.2M | $-35.5M |
| Q4 25 | 29.9% | 73.6% | ||
| Q3 25 | 28.9% | 74.0% | ||
| Q2 25 | 35.4% | 74.9% | ||
| Q1 25 | 32.3% | 75.9% | ||
| Q4 24 | 37.5% | 76.4% | ||
| Q3 24 | 36.9% | 77.7% | ||
| Q2 24 | 36.8% | 77.8% | ||
| Q1 24 | 33.2% | 77.5% |
| Q4 25 | 14.6% | -8.0% | ||
| Q3 25 | 15.8% | -6.7% | ||
| Q2 25 | 8.2% | -13.1% | ||
| Q1 25 | 16.2% | -11.1% | ||
| Q4 24 | 21.6% | -7.5% | ||
| Q3 24 | 20.2% | -7.2% | ||
| Q2 24 | 21.7% | -8.7% | ||
| Q1 24 | 18.4% | -14.4% |
| Q4 25 | 8.1% | -2.0% | ||
| Q3 25 | 9.2% | -0.2% | ||
| Q2 25 | 3.8% | -9.8% | ||
| Q1 25 | 10.0% | -8.0% | ||
| Q4 24 | 14.4% | -2.8% | ||
| Q3 24 | 12.9% | -3.6% | ||
| Q2 24 | 14.3% | -3.8% | ||
| Q1 24 | 11.6% | -9.4% |
| Q4 25 | $0.36 | $-0.03 | ||
| Q3 25 | $0.48 | $0.00 | ||
| Q2 25 | $0.16 | $-0.15 | ||
| Q1 25 | $0.45 | $-0.11 | ||
| Q4 24 | $0.59 | $-0.05 | ||
| Q3 24 | $0.54 | $-0.04 | ||
| Q2 24 | $0.56 | $-0.04 | ||
| Q1 24 | $0.43 | $-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 | $64.1M | $943.5M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-510.7M | $1.5B |
| Total Assets | $1.1B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $943.5M | ||
| Q3 25 | $71.8M | $1.1B | ||
| Q2 25 | $43.7M | $1.5B | ||
| Q1 25 | $28.1M | $204.5M | ||
| Q4 24 | $49.6M | $147.7M | ||
| Q3 24 | $70.8M | $182.9M | ||
| Q2 24 | $72.6M | $157.0M | ||
| Q1 24 | $79.3M | $254.4M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $953.7M | — | ||
| Q4 24 | $833.4M | — | ||
| Q3 24 | $833.1M | — | ||
| Q2 24 | $832.7M | — | ||
| Q1 24 | $832.4M | — |
| Q4 25 | $-510.7M | $1.5B | ||
| Q3 25 | $-453.9M | $1.3B | ||
| Q2 25 | $-309.9M | $1.2B | ||
| Q1 25 | $-254.1M | $1.4B | ||
| Q4 24 | $-146.6M | $1.0B | ||
| Q3 24 | $-205.9M | $973.1M | ||
| Q2 24 | $-243.2M | $881.5M | ||
| Q1 24 | $-247.7M | $797.2M |
| Q4 25 | $1.1B | $6.0B | ||
| Q3 25 | $941.0M | $5.8B | ||
| Q2 25 | $993.7M | $5.6B | ||
| Q1 25 | $947.5M | $3.7B | ||
| Q4 24 | $885.2M | $3.3B | ||
| Q3 24 | $837.0M | $3.1B | ||
| Q2 24 | $804.1M | $2.9B | ||
| Q1 24 | $765.0M | $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 | $-3.1M | $190.4M |
| Free Cash FlowOCF − Capex | $-7.3M | $105.2M |
| FCF MarginFCF / Revenue | -1.4% | 17.1% |
| Capex IntensityCapex / Revenue | 0.8% | 13.9% |
| Cash ConversionOCF / Net Profit | -0.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $246.9M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $190.4M | ||
| Q3 25 | $169.1M | $167.1M | ||
| Q2 25 | $40.3M | $99.8M | ||
| Q1 25 | $48.2M | $145.8M | ||
| Q4 24 | $3.0M | $127.3M | ||
| Q3 24 | $40.1M | $104.7M | ||
| Q2 24 | $69.0M | $74.8M | ||
| Q1 24 | $16.3M | $73.6M |
| Q4 25 | $-7.3M | $105.2M | ||
| Q3 25 | $168.1M | $82.5M | ||
| Q2 25 | $38.5M | $39.9M | ||
| Q1 25 | $47.6M | $59.9M | ||
| Q4 24 | $1.7M | $54.2M | ||
| Q3 24 | $38.9M | $54.5M | ||
| Q2 24 | $68.9M | $45.2M | ||
| Q1 24 | $16.0M | $41.5M |
| Q4 25 | -1.4% | 17.1% | ||
| Q3 25 | 25.9% | 14.7% | ||
| Q2 25 | 7.0% | 7.8% | ||
| Q1 25 | 8.1% | 12.5% | ||
| Q4 24 | 0.3% | 11.8% | ||
| Q3 24 | 7.0% | 12.7% | ||
| Q2 24 | 13.4% | 11.3% | ||
| Q1 24 | 3.2% | 11.0% |
| Q4 25 | 0.8% | 13.9% | ||
| Q3 25 | 0.2% | 15.1% | ||
| Q2 25 | 0.3% | 11.7% | ||
| Q1 25 | 0.1% | 17.9% | ||
| Q4 24 | 0.2% | 15.9% | ||
| Q3 24 | 0.2% | 11.7% | ||
| Q2 24 | 0.0% | 7.4% | ||
| Q1 24 | 0.1% | 8.5% |
| Q4 25 | -0.07× | — | ||
| Q3 25 | 2.84× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
