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Side-by-side financial comparison of MATERION Corp (MTRN) 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 $549.8M, roughly 1.1× MATERION Corp). MATERION Corp runs the higher net margin — 3.5% vs -2.0%, a 5.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 30.8%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 13.6%).
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
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.
MTRN vs NET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $549.8M | $614.5M |
| Net Profit | $19.4M | $-12.1M |
| Gross Margin | 14.9% | 73.6% |
| Operating Margin | 5.1% | -8.0% |
| Net Margin | 3.5% | -2.0% |
| Revenue YoY | 30.8% | 33.6% |
| Net Profit YoY | 9.5% | 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.
| Q1 26 | $549.8M | — | ||
| Q4 25 | $489.8M | $614.5M | ||
| Q3 25 | $444.8M | $562.0M | ||
| Q2 25 | $431.7M | $512.3M | ||
| Q1 25 | $420.3M | $479.1M | ||
| Q4 24 | $436.9M | $459.9M | ||
| Q3 24 | $436.7M | $430.1M | ||
| Q2 24 | $425.9M | $401.0M |
| Q1 26 | $19.4M | — | ||
| Q4 25 | $6.6M | $-12.1M | ||
| Q3 25 | $25.4M | $-1.3M | ||
| Q2 25 | $25.1M | $-50.4M | ||
| Q1 25 | $17.7M | $-38.5M | ||
| Q4 24 | $-48.9M | $-12.8M | ||
| Q3 24 | $22.3M | $-15.3M | ||
| Q2 24 | $19.0M | $-15.1M |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 13.0% | 73.6% | ||
| Q3 25 | 19.4% | 74.0% | ||
| Q2 25 | 19.1% | 74.9% | ||
| Q1 25 | 18.1% | 75.9% | ||
| Q4 24 | 21.3% | 76.4% | ||
| Q3 24 | 18.5% | 77.7% | ||
| Q2 24 | 19.0% | 77.8% |
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.2% | -8.0% | ||
| Q3 25 | 7.9% | -6.7% | ||
| Q2 25 | 8.5% | -13.1% | ||
| Q1 25 | 6.5% | -11.1% | ||
| Q4 24 | -8.8% | -7.5% | ||
| Q3 24 | 7.2% | -7.2% | ||
| Q2 24 | 7.5% | -8.7% |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 1.3% | -2.0% | ||
| Q3 25 | 5.7% | -0.2% | ||
| Q2 25 | 5.8% | -9.8% | ||
| Q1 25 | 4.2% | -8.0% | ||
| Q4 24 | -11.2% | -2.8% | ||
| Q3 24 | 5.1% | -3.6% | ||
| Q2 24 | 4.5% | -3.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-0.03 | ||
| Q3 25 | $1.22 | $0.00 | ||
| Q2 25 | $1.21 | $-0.15 | ||
| Q1 25 | $0.85 | $-0.11 | ||
| Q4 24 | $-2.34 | $-0.05 | ||
| Q3 24 | $1.07 | $-0.04 | ||
| Q2 24 | $0.91 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.2M | $943.5M |
| Total DebtLower is stronger | $489.9M | — |
| Stockholders' EquityBook value | $957.0M | $1.5B |
| Total Assets | $1.9B | $6.0B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $16.2M | — | ||
| Q4 25 | $13.7M | $943.5M | ||
| Q3 25 | $16.4M | $1.1B | ||
| Q2 25 | $12.6M | $1.5B | ||
| Q1 25 | $15.6M | $204.5M | ||
| Q4 24 | $16.7M | $147.7M | ||
| Q3 24 | $17.9M | $182.9M | ||
| Q2 24 | $17.1M | $157.0M |
| Q1 26 | $489.9M | — | ||
| Q4 25 | $460.6M | — | ||
| Q3 25 | $458.9M | — | ||
| Q2 25 | $427.6M | — | ||
| Q1 25 | $453.0M | — | ||
| Q4 24 | $443.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $957.0M | — | ||
| Q4 25 | $943.3M | $1.5B | ||
| Q3 25 | $934.6M | $1.3B | ||
| Q2 25 | $910.6M | $1.2B | ||
| Q1 25 | $887.9M | $1.4B | ||
| Q4 24 | $868.9M | $1.0B | ||
| Q3 24 | $931.9M | $973.1M | ||
| Q2 24 | $907.1M | $881.5M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $6.0B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.7B | $5.6B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.7B | $3.3B | ||
| Q3 24 | $1.9B | $3.1B | ||
| Q2 24 | $1.8B | $2.9B |
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $190.4M |
| Free Cash FlowOCF − Capex | — | $105.2M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | — | 13.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | $190.4M | ||
| Q3 25 | $18.3M | $167.1M | ||
| Q2 25 | $49.9M | $99.8M | ||
| Q1 25 | $15.5M | $145.8M | ||
| Q4 24 | $76.3M | $127.3M | ||
| Q3 24 | $5.1M | $104.7M | ||
| Q2 24 | $20.3M | $74.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | $3.2M | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | $-24.3M | $54.5M | ||
| Q2 24 | — | $45.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | 0.8% | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | -5.6% | 12.7% | ||
| Q2 24 | — | 11.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | 2.9% | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | 6.7% | 11.7% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.97× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 1.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTRN
Segment breakdown not available.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
