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Side-by-side financial comparison of LCI INDUSTRIES (LCII) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $614.5M, roughly 1.5× Cloudflare, Inc.). LCI INDUSTRIES runs the higher net margin — 2.0% vs -2.0%, a 4.0% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 16.1%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $64.3M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs -1.8%).
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
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.
LCII vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $932.7M | $614.5M |
| Net Profit | $18.7M | $-12.1M |
| Gross Margin | 22.1% | 73.6% |
| Operating Margin | 3.8% | -8.0% |
| Net Margin | 2.0% | -2.0% |
| Revenue YoY | 16.1% | 33.6% |
| Net Profit YoY | 95.7% | 6.0% |
| EPS (diluted) | $0.79 | $-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 | $932.7M | $614.5M | ||
| Q3 25 | $1.0B | $562.0M | ||
| Q2 25 | $1.1B | $512.3M | ||
| Q1 25 | $1.0B | $479.1M | ||
| Q4 24 | $803.1M | $459.9M | ||
| Q3 24 | $915.5M | $430.1M | ||
| Q2 24 | $1.1B | $401.0M | ||
| Q1 24 | $968.0M | $378.6M |
| Q4 25 | $18.7M | $-12.1M | ||
| Q3 25 | $62.5M | $-1.3M | ||
| Q2 25 | $57.6M | $-50.4M | ||
| Q1 25 | $49.4M | $-38.5M | ||
| Q4 24 | $9.5M | $-12.8M | ||
| Q3 24 | $35.6M | $-15.3M | ||
| Q2 24 | $61.2M | $-15.1M | ||
| Q1 24 | $36.5M | $-35.5M |
| Q4 25 | 22.1% | 73.6% | ||
| Q3 25 | 24.4% | 74.0% | ||
| Q2 25 | 24.4% | 74.9% | ||
| Q1 25 | 24.1% | 75.9% | ||
| Q4 24 | 21.1% | 76.4% | ||
| Q3 24 | 24.0% | 77.7% | ||
| Q2 24 | 25.3% | 77.8% | ||
| Q1 24 | 23.1% | 77.5% |
| Q4 25 | 3.8% | -8.0% | ||
| Q3 25 | 7.3% | -6.7% | ||
| Q2 25 | 7.9% | -13.1% | ||
| Q1 25 | 7.8% | -11.1% | ||
| Q4 24 | 2.0% | -7.5% | ||
| Q3 24 | 5.9% | -7.2% | ||
| Q2 24 | 8.6% | -8.7% | ||
| Q1 24 | 6.0% | -14.4% |
| Q4 25 | 2.0% | -2.0% | ||
| Q3 25 | 6.0% | -0.2% | ||
| Q2 25 | 5.2% | -9.8% | ||
| Q1 25 | 4.7% | -8.0% | ||
| Q4 24 | 1.2% | -2.8% | ||
| Q3 24 | 3.9% | -3.6% | ||
| Q2 24 | 5.8% | -3.8% | ||
| Q1 24 | 3.8% | -9.4% |
| Q4 25 | $0.79 | $-0.03 | ||
| Q3 25 | $2.55 | $0.00 | ||
| Q2 25 | $2.29 | $-0.15 | ||
| Q1 25 | $1.94 | $-0.11 | ||
| Q4 24 | $0.37 | $-0.05 | ||
| Q3 24 | $1.39 | $-0.04 | ||
| Q2 24 | $2.40 | $-0.04 | ||
| Q1 24 | $1.44 | $-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 | $222.6M | $943.5M |
| Total DebtLower is stronger | $945.2M | — |
| Stockholders' EquityBook value | $1.4B | $1.5B |
| Total Assets | $3.2B | $6.0B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.6M | $943.5M | ||
| Q3 25 | $199.7M | $1.1B | ||
| Q2 25 | $191.9M | $1.5B | ||
| Q1 25 | $231.2M | $204.5M | ||
| Q4 24 | $165.8M | $147.7M | ||
| Q3 24 | $161.2M | $182.9M | ||
| Q2 24 | $130.4M | $157.0M | ||
| Q1 24 | $22.6M | $254.4M |
| Q4 25 | $945.2M | — | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | — | ||
| Q1 25 | $938.3M | — | ||
| Q4 24 | $757.3M | — | ||
| Q3 24 | $822.5M | — | ||
| Q2 24 | $829.7M | — | ||
| Q1 24 | $855.3M | — |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M | ||
| Q1 24 | $1.4B | $797.2M |
| Q4 25 | $3.2B | $6.0B | ||
| Q3 25 | $3.2B | $5.8B | ||
| Q2 25 | $3.2B | $5.6B | ||
| Q1 25 | $3.1B | $3.7B | ||
| Q4 24 | $2.9B | $3.3B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $3.0B | $2.9B | ||
| Q1 24 | $3.0B | $2.8B |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 0.63× | — |
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 | $78.9M | $190.4M |
| Free Cash FlowOCF − Capex | $64.3M | $105.2M |
| FCF MarginFCF / Revenue | 6.9% | 17.1% |
| Capex IntensityCapex / Revenue | 1.6% | 13.9% |
| Cash ConversionOCF / Net Profit | 4.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $278.3M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $190.4M | ||
| Q3 25 | $97.2M | $167.1M | ||
| Q2 25 | $112.2M | $99.8M | ||
| Q1 25 | $42.7M | $145.8M | ||
| Q4 24 | $106.6M | $127.3M | ||
| Q3 24 | $78.4M | $104.7M | ||
| Q2 24 | $192.9M | $74.8M | ||
| Q1 24 | $-7.7M | $73.6M |
| Q4 25 | $64.3M | $105.2M | ||
| Q3 25 | $80.9M | $82.5M | ||
| Q2 25 | $99.5M | $39.9M | ||
| Q1 25 | $33.7M | $59.9M | ||
| Q4 24 | $95.7M | $54.2M | ||
| Q3 24 | $68.3M | $54.5M | ||
| Q2 24 | $180.2M | $45.2M | ||
| Q1 24 | $-16.3M | $41.5M |
| Q4 25 | 6.9% | 17.1% | ||
| Q3 25 | 7.8% | 14.7% | ||
| Q2 25 | 9.0% | 7.8% | ||
| Q1 25 | 3.2% | 12.5% | ||
| Q4 24 | 11.9% | 11.8% | ||
| Q3 24 | 7.5% | 12.7% | ||
| Q2 24 | 17.1% | 11.3% | ||
| Q1 24 | -1.7% | 11.0% |
| Q4 25 | 1.6% | 13.9% | ||
| Q3 25 | 1.6% | 15.1% | ||
| Q2 25 | 1.2% | 11.7% | ||
| Q1 25 | 0.9% | 17.9% | ||
| Q4 24 | 1.4% | 15.9% | ||
| Q3 24 | 1.1% | 11.7% | ||
| Q2 24 | 1.2% | 7.4% | ||
| Q1 24 | 0.9% | 8.5% |
| Q4 25 | 4.22× | — | ||
| Q3 25 | 1.55× | — | ||
| Q2 25 | 1.95× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 11.17× | — | ||
| Q3 24 | 2.20× | — | ||
| Q2 24 | 3.15× | — | ||
| Q1 24 | -0.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
