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Side-by-side financial comparison of COMERICA INC (CMA) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $614.5M, roughly 1.4× Cloudflare, Inc.). COMERICA INC runs the higher net margin — 21.0% vs -2.0%, a 23.0% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 27.4%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
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.
CMA vs NET — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $614.5M |
| Net Profit | $176.0M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | — | -8.0% |
| Net Margin | 21.0% | -2.0% |
| Revenue YoY | 3.3% | 33.6% |
| Net Profit YoY | -4.3% | 6.0% |
| EPS (diluted) | $1.35 | $-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 | — | $614.5M | ||
| Q3 25 | $838.0M | $562.0M | ||
| Q2 25 | $849.0M | $512.3M | ||
| Q1 25 | $829.0M | $479.1M | ||
| Q4 24 | $825.0M | $459.9M | ||
| Q3 24 | $811.0M | $430.1M | ||
| Q2 24 | $824.0M | $401.0M | ||
| Q1 24 | $784.0M | $378.6M |
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $176.0M | $-1.3M | ||
| Q2 25 | $199.0M | $-50.4M | ||
| Q1 25 | $172.0M | $-38.5M | ||
| Q4 24 | $170.0M | $-12.8M | ||
| Q3 24 | $184.0M | $-15.3M | ||
| Q2 24 | $206.0M | $-15.1M | ||
| Q1 24 | $138.0M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | — | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | — | -13.1% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -7.2% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | -14.4% |
| Q4 25 | — | -2.0% | ||
| Q3 25 | 21.0% | -0.2% | ||
| Q2 25 | 23.4% | -9.8% | ||
| Q1 25 | 20.7% | -8.0% | ||
| Q4 24 | 20.6% | -2.8% | ||
| Q3 24 | 22.7% | -3.6% | ||
| Q2 24 | 25.0% | -3.8% | ||
| Q1 24 | 17.6% | -9.4% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $1.35 | $0.00 | ||
| Q2 25 | $1.42 | $-0.15 | ||
| Q1 25 | $1.25 | $-0.11 | ||
| Q4 24 | $1.22 | $-0.05 | ||
| Q3 24 | $1.33 | $-0.04 | ||
| Q2 24 | $1.49 | $-0.04 | ||
| Q1 24 | $0.98 | $-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 | — | $943.5M |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $7.4B | $1.5B |
| Total Assets | $77.4B | $6.0B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $7.4B | $1.3B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $7.1B | $1.4B | ||
| Q4 24 | $6.5B | $1.0B | ||
| Q3 24 | $7.4B | $973.1M | ||
| Q2 24 | $6.2B | $881.5M | ||
| Q1 24 | $6.0B | $797.2M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | $77.4B | $5.8B | ||
| Q2 25 | $78.0B | $5.6B | ||
| Q1 25 | $77.6B | $3.7B | ||
| Q4 24 | $79.3B | $3.3B | ||
| Q3 24 | $79.7B | $3.1B | ||
| Q2 24 | $79.6B | $2.9B | ||
| Q1 24 | $79.4B | $2.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $190.4M |
| Free Cash FlowOCF − Capex | — | $105.2M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | — | 13.9% |
| Cash ConversionOCF / Net Profit | -1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $190.4M | ||
| Q3 25 | $-270.0M | $167.1M | ||
| Q2 25 | $476.0M | $99.8M | ||
| Q1 25 | $273.0M | $145.8M | ||
| Q4 24 | $601.0M | $127.3M | ||
| Q3 24 | $1.0B | $104.7M | ||
| Q2 24 | $111.0M | $74.8M | ||
| Q1 24 | $-205.0M | $73.6M |
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | -1.53× | — | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | — | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | -1.49× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
