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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) 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 $345.6M, roughly 1.8× GLOBAL INDUSTRIAL Co). GLOBAL INDUSTRIAL Co runs the higher net margin — 4.2% vs -2.0%, a 6.2% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 14.3%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $19.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 3.4%).
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
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.
GIC vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $345.6M | $614.5M |
| Net Profit | $14.6M | $-12.1M |
| Gross Margin | 34.5% | 73.6% |
| Operating Margin | 5.7% | -8.0% |
| Net Margin | 4.2% | -2.0% |
| Revenue YoY | 14.3% | 33.6% |
| Net Profit YoY | 36.4% | 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 | $345.6M | $614.5M | ||
| Q3 25 | $353.6M | $562.0M | ||
| Q2 25 | $358.9M | $512.3M | ||
| Q1 25 | $321.0M | $479.1M | ||
| Q4 24 | $302.3M | $459.9M | ||
| Q3 24 | $342.4M | $430.1M | ||
| Q2 24 | $347.8M | $401.0M | ||
| Q1 24 | $323.4M | $378.6M |
| Q4 25 | $14.6M | $-12.1M | ||
| Q3 25 | $18.8M | $-1.3M | ||
| Q2 25 | $25.1M | $-50.4M | ||
| Q1 25 | $13.6M | $-38.5M | ||
| Q4 24 | $10.7M | $-12.8M | ||
| Q3 24 | $16.8M | $-15.3M | ||
| Q2 24 | $20.3M | $-15.1M | ||
| Q1 24 | $13.2M | $-35.5M |
| Q4 25 | 34.5% | 73.6% | ||
| Q3 25 | 35.6% | 74.0% | ||
| Q2 25 | 37.1% | 74.9% | ||
| Q1 25 | 34.9% | 75.9% | ||
| Q4 24 | 33.8% | 76.4% | ||
| Q3 24 | 34.0% | 77.7% | ||
| Q2 24 | 35.2% | 77.8% | ||
| Q1 24 | 34.3% | 77.5% |
| Q4 25 | 5.7% | -8.0% | ||
| Q3 25 | 7.4% | -6.7% | ||
| Q2 25 | 9.3% | -13.1% | ||
| Q1 25 | 5.7% | -11.1% | ||
| Q4 24 | 4.8% | -7.5% | ||
| Q3 24 | 6.5% | -7.2% | ||
| Q2 24 | 7.6% | -8.7% | ||
| Q1 24 | 5.4% | -14.4% |
| Q4 25 | 4.2% | -2.0% | ||
| Q3 25 | 5.3% | -0.2% | ||
| Q2 25 | 7.0% | -9.8% | ||
| Q1 25 | 4.2% | -8.0% | ||
| Q4 24 | 3.5% | -2.8% | ||
| Q3 24 | 4.9% | -3.6% | ||
| Q2 24 | 5.8% | -3.8% | ||
| Q1 24 | 4.1% | -9.4% |
| Q4 25 | $0.37 | $-0.03 | ||
| Q3 25 | $0.48 | $0.00 | ||
| Q2 25 | $0.65 | $-0.15 | ||
| Q1 25 | $0.35 | $-0.11 | ||
| Q4 24 | $0.28 | $-0.05 | ||
| Q3 24 | $0.44 | $-0.04 | ||
| Q2 24 | $0.52 | $-0.04 | ||
| Q1 24 | $0.34 | $-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 | $67.5M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $313.2M | $1.5B |
| Total Assets | $580.8M | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | $943.5M | ||
| Q3 25 | $67.2M | $1.1B | ||
| Q2 25 | $55.1M | $1.5B | ||
| Q1 25 | $39.0M | $204.5M | ||
| Q4 24 | $44.6M | $147.7M | ||
| Q3 24 | $38.9M | $182.9M | ||
| Q2 24 | $38.8M | $157.0M | ||
| Q1 24 | $29.9M | $254.4M |
| Q4 25 | $313.2M | $1.5B | ||
| Q3 25 | $316.0M | $1.3B | ||
| Q2 25 | $305.2M | $1.2B | ||
| Q1 25 | $287.9M | $1.4B | ||
| Q4 24 | $281.1M | $1.0B | ||
| Q3 24 | $279.2M | $973.1M | ||
| Q2 24 | $270.4M | $881.5M | ||
| Q1 24 | $260.2M | $797.2M |
| Q4 25 | $580.8M | $6.0B | ||
| Q3 25 | $602.5M | $5.8B | ||
| Q2 25 | $586.5M | $5.6B | ||
| Q1 25 | $536.7M | $3.7B | ||
| Q4 24 | $520.7M | $3.3B | ||
| Q3 24 | $531.6M | $3.1B | ||
| Q2 24 | $542.5M | $2.9B | ||
| Q1 24 | $517.4M | $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 | $20.0M | $190.4M |
| Free Cash FlowOCF − Capex | $19.2M | $105.2M |
| FCF MarginFCF / Revenue | 5.6% | 17.1% |
| Capex IntensityCapex / Revenue | 0.2% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.7M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $190.4M | ||
| Q3 25 | $22.7M | $167.1M | ||
| Q2 25 | $31.7M | $99.8M | ||
| Q1 25 | $3.4M | $145.8M | ||
| Q4 24 | $15.9M | $127.3M | ||
| Q3 24 | $9.6M | $104.7M | ||
| Q2 24 | $18.8M | $74.8M | ||
| Q1 24 | $6.4M | $73.6M |
| Q4 25 | $19.2M | $105.2M | ||
| Q3 25 | $22.0M | $82.5M | ||
| Q2 25 | $30.3M | $39.9M | ||
| Q1 25 | $3.2M | $59.9M | ||
| Q4 24 | $15.2M | $54.2M | ||
| Q3 24 | $8.7M | $54.5M | ||
| Q2 24 | $17.9M | $45.2M | ||
| Q1 24 | $5.1M | $41.5M |
| Q4 25 | 5.6% | 17.1% | ||
| Q3 25 | 6.2% | 14.7% | ||
| Q2 25 | 8.4% | 7.8% | ||
| Q1 25 | 1.0% | 12.5% | ||
| Q4 24 | 5.0% | 11.8% | ||
| Q3 24 | 2.5% | 12.7% | ||
| Q2 24 | 5.1% | 11.3% | ||
| Q1 24 | 1.6% | 11.0% |
| Q4 25 | 0.2% | 13.9% | ||
| Q3 25 | 0.2% | 15.1% | ||
| Q2 25 | 0.4% | 11.7% | ||
| Q1 25 | 0.1% | 17.9% | ||
| Q4 24 | 0.2% | 15.9% | ||
| Q3 24 | 0.3% | 11.7% | ||
| Q2 24 | 0.3% | 7.4% | ||
| Q1 24 | 0.4% | 8.5% |
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.93× | — | ||
| Q1 24 | 0.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIC
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
