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Side-by-side financial comparison of Hillenbrand, Inc. (HI) 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 $550.2M, roughly 1.1× Hillenbrand, Inc.). Hillenbrand, Inc. runs the higher net margin — -0.4% vs -2.0%, a 1.6% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -22.2%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-31.6M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs -16.3%).
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
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.
HI vs NET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $550.2M | $614.5M |
| Net Profit | $-2.2M | $-12.1M |
| Gross Margin | 33.4% | 73.6% |
| Operating Margin | -2.2% | -8.0% |
| Net Margin | -0.4% | -2.0% |
| Revenue YoY | -22.2% | 33.6% |
| Net Profit YoY | -134.4% | 6.0% |
| EPS (diluted) | — | $-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 | $550.2M | $614.5M | ||
| Q3 25 | $652.1M | $562.0M | ||
| Q2 25 | $598.9M | $512.3M | ||
| Q1 25 | $715.9M | $479.1M | ||
| Q4 24 | $706.9M | $459.9M | ||
| Q3 24 | $837.6M | $430.1M | ||
| Q2 24 | $786.6M | $401.0M | ||
| Q1 24 | $785.3M | $378.6M |
| Q4 25 | $-2.2M | $-12.1M | ||
| Q3 25 | $75.7M | $-1.3M | ||
| Q2 25 | $1.9M | $-50.4M | ||
| Q1 25 | $-40.9M | $-38.5M | ||
| Q4 24 | $6.4M | $-12.8M | ||
| Q3 24 | $14.6M | $-15.3M | ||
| Q2 24 | $-248.9M | $-15.1M | ||
| Q1 24 | $6.1M | $-35.5M |
| Q4 25 | 33.4% | 73.6% | ||
| Q3 25 | 34.8% | 74.0% | ||
| Q2 25 | 33.8% | 74.9% | ||
| Q1 25 | 33.0% | 75.9% | ||
| Q4 24 | 33.2% | 76.4% | ||
| Q3 24 | 34.4% | 77.7% | ||
| Q2 24 | 33.9% | 77.8% | ||
| Q1 24 | 31.9% | 77.5% |
| Q4 25 | -2.2% | -8.0% | ||
| Q3 25 | — | -6.7% | ||
| Q2 25 | 1.8% | -13.1% | ||
| Q1 25 | -6.2% | -11.1% | ||
| Q4 24 | 2.2% | -7.5% | ||
| Q3 24 | — | -7.2% | ||
| Q2 24 | -32.7% | -8.7% | ||
| Q1 24 | 1.6% | -14.4% |
| Q4 25 | -0.4% | -2.0% | ||
| Q3 25 | 11.6% | -0.2% | ||
| Q2 25 | 0.3% | -9.8% | ||
| Q1 25 | -5.7% | -8.0% | ||
| Q4 24 | 0.9% | -2.8% | ||
| Q3 24 | 1.7% | -3.6% | ||
| Q2 24 | -31.6% | -3.8% | ||
| Q1 24 | 0.8% | -9.4% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $1.07 | $0.00 | ||
| Q2 25 | $0.03 | $-0.15 | ||
| Q1 25 | $-0.58 | $-0.11 | ||
| Q4 24 | $0.09 | $-0.05 | ||
| Q3 24 | $0.20 | $-0.04 | ||
| Q2 24 | $-3.53 | $-0.04 | ||
| Q1 24 | $0.09 | $-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 | $173.1M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $1.5B |
| Total Assets | $4.5B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.1M | $943.5M | ||
| Q3 25 | $164.8M | $1.1B | ||
| Q2 25 | $162.8M | $1.5B | ||
| Q1 25 | $458.4M | $204.5M | ||
| Q4 24 | $208.0M | $147.7M | ||
| Q3 24 | $199.3M | $182.9M | ||
| Q2 24 | $223.8M | $157.0M | ||
| Q1 24 | $224.4M | $254.4M |
| Q4 25 | — | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M | ||
| Q1 24 | $1.7B | $797.2M |
| Q4 25 | $4.5B | $6.0B | ||
| Q3 25 | $4.5B | $5.8B | ||
| Q2 25 | $4.7B | $5.6B | ||
| Q1 25 | $4.8B | $3.7B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $5.2B | $3.1B | ||
| Q2 24 | $5.3B | $2.9B | ||
| Q1 24 | $5.6B | $2.8B |
| Q4 25 | — | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.27× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 1.38× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.48× | — | ||
| Q1 24 | 1.28× | — |
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 | $-27.4M | $190.4M |
| Free Cash FlowOCF − Capex | $-31.6M | $105.2M |
| FCF MarginFCF / Revenue | -5.7% | 17.1% |
| Capex IntensityCapex / Revenue | 0.8% | 13.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.8M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.4M | $190.4M | ||
| Q3 25 | $67.7M | $167.1M | ||
| Q2 25 | $-1.5M | $99.8M | ||
| Q1 25 | $1.3M | $145.8M | ||
| Q4 24 | $-11.3M | $127.3M | ||
| Q3 24 | $166.5M | $104.7M | ||
| Q2 24 | $45.6M | $74.8M | ||
| Q1 24 | $3.2M | $73.6M |
| Q4 25 | $-31.6M | $105.2M | ||
| Q3 25 | $58.6M | $82.5M | ||
| Q2 25 | $-11.2M | $39.9M | ||
| Q1 25 | $-8.0M | $59.9M | ||
| Q4 24 | $-21.5M | $54.2M | ||
| Q3 24 | $153.4M | $54.5M | ||
| Q2 24 | $29.7M | $45.2M | ||
| Q1 24 | $-9.6M | $41.5M |
| Q4 25 | -5.7% | 17.1% | ||
| Q3 25 | 9.0% | 14.7% | ||
| Q2 25 | -1.9% | 7.8% | ||
| Q1 25 | -1.1% | 12.5% | ||
| Q4 24 | -3.0% | 11.8% | ||
| Q3 24 | 18.3% | 12.7% | ||
| Q2 24 | 3.8% | 11.3% | ||
| Q1 24 | -1.2% | 11.0% |
| Q4 25 | 0.8% | 13.9% | ||
| Q3 25 | 1.4% | 15.1% | ||
| Q2 25 | 1.6% | 11.7% | ||
| Q1 25 | 1.3% | 17.9% | ||
| Q4 24 | 1.4% | 15.9% | ||
| Q3 24 | 1.6% | 11.7% | ||
| Q2 24 | 2.0% | 7.4% | ||
| Q1 24 | 1.6% | 8.5% |
| Q4 25 | — | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -0.79× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.77× | — | ||
| Q3 24 | 11.40× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
