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Side-by-side financial comparison of Everus Construction Group, Inc. (ECG) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Everus Construction Group, Inc. is the larger business by last-quarter revenue ($1.0B vs $614.5M, roughly 1.6× Cloudflare, Inc.). Everus Construction Group, Inc. runs the higher net margin — 5.5% vs -2.0%, a 7.4% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 33.2%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $23.5M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 27.1%).
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.
ECG vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $614.5M |
| Net Profit | $55.3M | $-12.1M |
| Gross Margin | 11.6% | 73.6% |
| Operating Margin | 6.8% | -8.0% |
| Net Margin | 5.5% | -2.0% |
| Revenue YoY | 33.2% | 33.6% |
| Net Profit YoY | 60.4% | 6.0% |
| EPS (diluted) | $1.09 | $-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 | $1.0B | $614.5M | ||
| Q3 25 | $986.8M | $562.0M | ||
| Q2 25 | $921.5M | $512.3M | ||
| Q1 25 | $826.6M | $479.1M | ||
| Q4 24 | $759.6M | $459.9M | ||
| Q3 24 | $761.0M | $430.1M | ||
| Q2 24 | $703.4M | $401.0M | ||
| Q1 24 | $625.7M | $378.6M |
| Q4 25 | $55.3M | $-12.1M | ||
| Q3 25 | $57.0M | $-1.3M | ||
| Q2 25 | $52.8M | $-50.4M | ||
| Q1 25 | $36.7M | $-38.5M | ||
| Q4 24 | $34.5M | $-12.8M | ||
| Q3 24 | $41.8M | $-15.3M | ||
| Q2 24 | $39.0M | $-15.1M | ||
| Q1 24 | $28.2M | $-35.5M |
| Q4 25 | 11.6% | 73.6% | ||
| Q3 25 | 12.6% | 74.0% | ||
| Q2 25 | 13.0% | 74.9% | ||
| Q1 25 | 11.2% | 75.9% | ||
| Q4 24 | 11.4% | 76.4% | ||
| Q3 24 | 11.8% | 77.7% | ||
| Q2 24 | 12.6% | 77.8% | ||
| Q1 24 | 11.9% | 77.5% |
| Q4 25 | 6.8% | -8.0% | ||
| Q3 25 | 7.3% | -6.7% | ||
| Q2 25 | 7.9% | -13.1% | ||
| Q1 25 | 6.2% | -11.1% | ||
| Q4 24 | 6.1% | -7.5% | ||
| Q3 24 | 7.1% | -7.2% | ||
| Q2 24 | 7.3% | -8.7% | ||
| Q1 24 | 6.2% | -14.4% |
| Q4 25 | 5.5% | -2.0% | ||
| Q3 25 | 5.8% | -0.2% | ||
| Q2 25 | 5.7% | -9.8% | ||
| Q1 25 | 4.4% | -8.0% | ||
| Q4 24 | 4.5% | -2.8% | ||
| Q3 24 | 5.5% | -3.6% | ||
| Q2 24 | 5.5% | -3.8% | ||
| Q1 24 | 4.5% | -9.4% |
| Q4 25 | $1.09 | $-0.03 | ||
| Q3 25 | $1.11 | $0.00 | ||
| Q2 25 | $1.03 | $-0.15 | ||
| Q1 25 | $0.72 | $-0.11 | ||
| Q4 24 | $0.68 | $-0.05 | ||
| Q3 24 | $0.82 | $-0.04 | ||
| Q2 24 | $0.76 | $-0.04 | ||
| Q1 24 | $0.55 | $-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 | $281.5M | — |
| Stockholders' EquityBook value | $629.8M | $1.5B |
| Total Assets | $1.7B | $6.0B |
| Debt / EquityLower = less leverage | 0.45× | — |
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 | $553.0K | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
| Q4 25 | $281.5M | — | ||
| Q3 25 | $285.1M | — | ||
| Q2 25 | $288.6M | — | ||
| Q1 25 | $292.1M | — | ||
| Q4 24 | $295.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $629.8M | $1.5B | ||
| Q3 25 | $573.0M | $1.3B | ||
| Q2 25 | $514.4M | $1.2B | ||
| Q1 25 | $460.2M | $1.4B | ||
| Q4 24 | $422.6M | $1.0B | ||
| Q3 24 | $453.3M | $973.1M | ||
| Q2 24 | $490.0M | $881.5M | ||
| Q1 24 | $464.3M | $797.2M |
| Q4 25 | $1.7B | $6.0B | ||
| Q3 25 | $1.6B | $5.8B | ||
| Q2 25 | $1.5B | $5.6B | ||
| Q1 25 | $1.4B | $3.7B | ||
| Q4 24 | $1.3B | $3.3B | ||
| Q3 24 | $1.3B | $3.1B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.8B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.56× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $48.2M | $190.4M |
| Free Cash FlowOCF − Capex | $23.5M | $105.2M |
| FCF MarginFCF / Revenue | 2.3% | 17.1% |
| Capex IntensityCapex / Revenue | 2.4% | 13.9% |
| Cash ConversionOCF / Net Profit | 0.87× | — |
| TTM Free Cash FlowTrailing 4 quarters | $90.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.2M | $190.4M | ||
| Q3 25 | $76.2M | $167.1M | ||
| Q2 25 | $25.3M | $99.8M | ||
| Q1 25 | $7.1M | $145.8M | ||
| Q4 24 | — | $127.3M | ||
| Q3 24 | $78.9M | $104.7M | ||
| Q2 24 | — | $74.8M | ||
| Q1 24 | $21.9M | $73.6M |
| Q4 25 | $23.5M | $105.2M | ||
| Q3 25 | $65.7M | $82.5M | ||
| Q2 25 | $12.3M | $39.9M | ||
| Q1 25 | $-11.4M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $60.9M | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | $12.6M | $41.5M |
| Q4 25 | 2.3% | 17.1% | ||
| Q3 25 | 6.7% | 14.7% | ||
| Q2 25 | 1.3% | 7.8% | ||
| Q1 25 | -1.4% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | 8.0% | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | 2.0% | 11.0% |
| Q4 25 | 2.4% | 13.9% | ||
| Q3 25 | 1.1% | 15.1% | ||
| Q2 25 | 1.4% | 11.7% | ||
| Q1 25 | 2.2% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 2.4% | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | 1.5% | 8.5% |
| Q4 25 | 0.87× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.77× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
