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Side-by-side financial comparison of CARTERS INC (CRI) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
CARTERS INC is the larger business by last-quarter revenue ($757.8M vs $614.5M, roughly 1.2× Cloudflare, Inc.). CARTERS INC runs the higher net margin — 1.5% vs -2.0%, a 3.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -0.1%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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.
CRI vs NET — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $614.5M |
| Net Profit | $11.6M | $-12.1M |
| Gross Margin | 45.1% | 73.6% |
| Operating Margin | 3.8% | -8.0% |
| Net Margin | 1.5% | -2.0% |
| Revenue YoY | -0.1% | 33.6% |
| Net Profit YoY | -80.1% | 6.0% |
| EPS (diluted) | $0.32 | $-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 | $757.8M | $562.0M | ||
| Q2 25 | $585.3M | $512.3M | ||
| Q1 25 | $629.8M | $479.1M | ||
| Q4 24 | — | $459.9M | ||
| Q3 24 | — | $430.1M | ||
| Q2 24 | — | $401.0M | ||
| Q1 24 | — | $378.6M |
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $11.6M | $-1.3M | ||
| Q2 25 | $446.0K | $-50.4M | ||
| Q1 25 | $15.5M | $-38.5M | ||
| Q4 24 | — | $-12.8M | ||
| Q3 24 | — | $-15.3M | ||
| Q2 24 | — | $-15.1M | ||
| Q1 24 | — | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | 45.1% | 74.0% | ||
| Q2 25 | 48.1% | 74.9% | ||
| Q1 25 | 46.2% | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | — | -8.0% | ||
| Q3 25 | 3.8% | -6.7% | ||
| Q2 25 | 0.7% | -13.1% | ||
| Q1 25 | 4.1% | -11.1% | ||
| Q4 24 | — | -7.5% | ||
| Q3 24 | — | -7.2% | ||
| Q2 24 | — | -8.7% | ||
| Q1 24 | — | -14.4% |
| Q4 25 | — | -2.0% | ||
| Q3 25 | 1.5% | -0.2% | ||
| Q2 25 | 0.1% | -9.8% | ||
| Q1 25 | 2.5% | -8.0% | ||
| Q4 24 | — | -2.8% | ||
| Q3 24 | — | -3.6% | ||
| Q2 24 | — | -3.8% | ||
| Q1 24 | — | -9.4% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.32 | $0.00 | ||
| Q2 25 | $0.01 | $-0.15 | ||
| Q1 25 | $0.43 | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-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 | $184.2M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $864.6M | $1.5B |
| Total Assets | $2.5B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $943.5M | ||
| Q3 25 | $184.2M | $1.1B | ||
| Q2 25 | $338.2M | $1.5B | ||
| Q1 25 | $320.8M | $204.5M | ||
| Q4 24 | — | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $864.6M | $1.3B | ||
| Q2 25 | $853.9M | $1.2B | ||
| Q1 25 | $847.2M | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $973.1M | ||
| Q2 24 | — | $881.5M | ||
| Q1 24 | — | $797.2M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | $2.5B | $5.8B | ||
| Q2 25 | $2.5B | $5.6B | ||
| Q1 25 | $2.3B | $3.7B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $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 | $-128.0M | $190.4M |
| Free Cash FlowOCF − Capex | $-144.1M | $105.2M |
| FCF MarginFCF / Revenue | -19.0% | 17.1% |
| Capex IntensityCapex / Revenue | 2.1% | 13.9% |
| Cash ConversionOCF / Net Profit | -11.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $190.4M | ||
| Q3 25 | $-128.0M | $167.1M | ||
| Q2 25 | $40.3M | $99.8M | ||
| Q1 25 | $-48.6M | $145.8M | ||
| Q4 24 | — | $127.3M | ||
| Q3 24 | — | $104.7M | ||
| Q2 24 | — | $74.8M | ||
| Q1 24 | — | $73.6M |
| Q4 25 | — | $105.2M | ||
| Q3 25 | $-144.1M | $82.5M | ||
| Q2 25 | $24.1M | $39.9M | ||
| Q1 25 | $-59.0M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
| Q4 25 | — | 17.1% | ||
| Q3 25 | -19.0% | 14.7% | ||
| Q2 25 | 4.1% | 7.8% | ||
| Q1 25 | -9.4% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 2.1% | 15.1% | ||
| Q2 25 | 2.8% | 11.7% | ||
| Q1 25 | 1.6% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | -11.04× | — | ||
| Q2 25 | 90.37× | — | ||
| Q1 25 | -3.13× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
