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Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) 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 $535.7M, roughly 1.1× Driven Brands Holdings Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -2.0%, a 13.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 6.6%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $39.5M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs -4.0%).
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
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.
DRVN vs NET — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.7M | $614.5M |
| Net Profit | $60.9M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 11.6% | -8.0% |
| Net Margin | 11.4% | -2.0% |
| Revenue YoY | 6.6% | 33.6% |
| Net Profit YoY | 507.2% | 6.0% |
| EPS (diluted) | $0.37 | $-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 | $535.7M | $562.0M | ||
| Q2 25 | $551.0M | $512.3M | ||
| Q1 25 | $516.2M | $479.1M | ||
| Q4 24 | $836.5M | $459.9M | ||
| Q3 24 | $502.3M | $430.1M | ||
| Q2 24 | $518.8M | $401.0M | ||
| Q1 24 | $482.0M | $378.6M |
| Q4 25 | — | $-12.1M | ||
| Q3 25 | $60.9M | $-1.3M | ||
| Q2 25 | $47.6M | $-50.4M | ||
| Q1 25 | $5.5M | $-38.5M | ||
| Q4 24 | $-312.0M | $-12.8M | ||
| Q3 24 | $-14.9M | $-15.3M | ||
| Q2 24 | $30.2M | $-15.1M | ||
| Q1 24 | $4.3M | $-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 | 11.6% | -6.7% | ||
| Q2 25 | 6.9% | -13.1% | ||
| Q1 25 | 11.9% | -11.1% | ||
| Q4 24 | -41.6% | -7.5% | ||
| Q3 24 | 9.9% | -7.2% | ||
| Q2 24 | 17.4% | -8.7% | ||
| Q1 24 | 14.1% | -14.4% |
| Q4 25 | — | -2.0% | ||
| Q3 25 | 11.4% | -0.2% | ||
| Q2 25 | 8.6% | -9.8% | ||
| Q1 25 | 1.1% | -8.0% | ||
| Q4 24 | -37.3% | -2.8% | ||
| Q3 24 | -3.0% | -3.6% | ||
| Q2 24 | 5.8% | -3.8% | ||
| Q1 24 | 0.9% | -9.4% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.37 | $0.00 | ||
| Q2 25 | $0.29 | $-0.15 | ||
| Q1 25 | $0.04 | $-0.11 | ||
| Q4 24 | $-1.93 | $-0.05 | ||
| Q3 24 | $-0.09 | $-0.04 | ||
| Q2 24 | $0.18 | $-0.04 | ||
| Q1 24 | $0.02 | $-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 | $162.0M | $943.5M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $793.5M | $1.5B |
| Total Assets | $4.2B | $6.0B |
| Debt / EquityLower = less leverage | 2.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $943.5M | ||
| Q3 25 | $162.0M | $1.1B | ||
| Q2 25 | $166.1M | $1.5B | ||
| Q1 25 | $152.0M | $204.5M | ||
| Q4 24 | $149.6M | $147.7M | ||
| Q3 24 | $204.2M | $182.9M | ||
| Q2 24 | $148.8M | $157.0M | ||
| Q1 24 | $165.5M | $254.4M |
| Q4 25 | — | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $793.5M | $1.3B | ||
| Q2 25 | $743.4M | $1.2B | ||
| Q1 25 | $643.2M | $1.4B | ||
| Q4 24 | $607.3M | $1.0B | ||
| Q3 24 | $962.8M | $973.1M | ||
| Q2 24 | $942.8M | $881.5M | ||
| Q1 24 | $906.2M | $797.2M |
| Q4 25 | — | $6.0B | ||
| Q3 25 | $4.2B | $5.8B | ||
| Q2 25 | $4.3B | $5.6B | ||
| Q1 25 | $5.3B | $3.7B | ||
| Q4 24 | $5.3B | $3.3B | ||
| Q3 24 | $5.8B | $3.1B | ||
| Q2 24 | $5.8B | $2.9B | ||
| Q1 24 | $5.9B | $2.8B |
| Q4 25 | — | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 4.37× | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 3.21× | — |
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 | $79.2M | $190.4M |
| Free Cash FlowOCF − Capex | $39.5M | $105.2M |
| FCF MarginFCF / Revenue | 7.4% | 17.1% |
| Capex IntensityCapex / Revenue | 7.4% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $31.1M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $190.4M | ||
| Q3 25 | $79.2M | $167.1M | ||
| Q2 25 | $80.4M | $99.8M | ||
| Q1 25 | $75.1M | $145.8M | ||
| Q4 24 | $32.9M | $127.3M | ||
| Q3 24 | $101.3M | $104.7M | ||
| Q2 24 | $46.9M | $74.8M | ||
| Q1 24 | $60.3M | $73.6M |
| Q4 25 | — | $105.2M | ||
| Q3 25 | $39.5M | $82.5M | ||
| Q2 25 | $9.0M | $39.9M | ||
| Q1 25 | $18.9M | $59.9M | ||
| Q4 24 | $-36.3M | $54.2M | ||
| Q3 24 | $37.9M | $54.5M | ||
| Q2 24 | $-19.5M | $45.2M | ||
| Q1 24 | $-29.2M | $41.5M |
| Q4 25 | — | 17.1% | ||
| Q3 25 | 7.4% | 14.7% | ||
| Q2 25 | 1.6% | 7.8% | ||
| Q1 25 | 3.7% | 12.5% | ||
| Q4 24 | -4.3% | 11.8% | ||
| Q3 24 | 7.5% | 12.7% | ||
| Q2 24 | -3.8% | 11.3% | ||
| Q1 24 | -6.1% | 11.0% |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 7.4% | 15.1% | ||
| Q2 25 | 13.0% | 11.7% | ||
| Q1 25 | 10.9% | 17.9% | ||
| Q4 24 | 8.3% | 15.9% | ||
| Q3 24 | 12.6% | 11.7% | ||
| Q2 24 | 12.8% | 7.4% | ||
| Q1 24 | 18.6% | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 13.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.56× | — | ||
| Q1 24 | 14.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
