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Side-by-side financial comparison of Noble Corp plc (NE) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $614.5M, roughly 1.2× Cloudflare, Inc.). Noble Corp plc runs the higher net margin — 11.3% vs -2.0%, a 13.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -17.6%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $35.4M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 9.5%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
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.
NE vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $614.5M |
| Net Profit | $86.6M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 5.6% | -8.0% |
| Net Margin | 11.3% | -2.0% |
| Revenue YoY | -17.6% | 33.6% |
| Net Profit YoY | -10.4% | 6.0% |
| EPS (diluted) | $0.54 | $-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 | $764.4M | $614.5M | ||
| Q3 25 | $798.0M | $562.0M | ||
| Q2 25 | $848.7M | $512.3M | ||
| Q1 25 | $874.5M | $479.1M | ||
| Q4 24 | $927.3M | $459.9M | ||
| Q3 24 | $800.5M | $430.1M | ||
| Q2 24 | $692.8M | $401.0M | ||
| Q1 24 | $637.1M | $378.6M |
| Q4 25 | $86.6M | $-12.1M | ||
| Q3 25 | $-21.1M | $-1.3M | ||
| Q2 25 | $42.9M | $-50.4M | ||
| Q1 25 | $108.3M | $-38.5M | ||
| Q4 24 | $96.6M | $-12.8M | ||
| Q3 24 | $61.2M | $-15.3M | ||
| Q2 24 | $195.0M | $-15.1M | ||
| Q1 24 | $95.5M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 5.6% | -8.0% | ||
| Q3 25 | 6.3% | -6.7% | ||
| Q2 25 | 15.9% | -13.1% | ||
| Q1 25 | 21.4% | -11.1% | ||
| Q4 24 | 18.4% | -7.5% | ||
| Q3 24 | 14.4% | -7.2% | ||
| Q2 24 | 30.3% | -8.7% | ||
| Q1 24 | 16.9% | -14.4% |
| Q4 25 | 11.3% | -2.0% | ||
| Q3 25 | -2.6% | -0.2% | ||
| Q2 25 | 5.1% | -9.8% | ||
| Q1 25 | 12.4% | -8.0% | ||
| Q4 24 | 10.4% | -2.8% | ||
| Q3 24 | 7.6% | -3.6% | ||
| Q2 24 | 28.1% | -3.8% | ||
| Q1 24 | 15.0% | -9.4% |
| Q4 25 | $0.54 | $-0.03 | ||
| Q3 25 | $-0.13 | $0.00 | ||
| Q2 25 | $0.27 | $-0.15 | ||
| Q1 25 | $0.67 | $-0.11 | ||
| Q4 24 | $0.56 | $-0.05 | ||
| Q3 24 | $0.40 | $-0.04 | ||
| Q2 24 | $1.34 | $-0.04 | ||
| Q1 24 | $0.66 | $-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 | $471.4M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.5B | $1.5B |
| Total Assets | $7.5B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $943.5M | ||
| Q3 25 | $477.9M | $1.1B | ||
| Q2 25 | $338.2M | $1.5B | ||
| Q1 25 | $303.8M | $204.5M | ||
| Q4 24 | $247.3M | $147.7M | ||
| Q3 24 | $391.9M | $182.9M | ||
| Q2 24 | $162.9M | $157.0M | ||
| Q1 24 | $212.5M | $254.4M |
| Q4 25 | $4.5B | $1.5B | ||
| Q3 25 | $4.5B | $1.3B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $4.7B | $1.4B | ||
| Q4 24 | $4.7B | $1.0B | ||
| Q3 24 | $4.7B | $973.1M | ||
| Q2 24 | $4.0B | $881.5M | ||
| Q1 24 | $3.9B | $797.2M |
| Q4 25 | $7.5B | $6.0B | ||
| Q3 25 | $7.6B | $5.8B | ||
| Q2 25 | $7.7B | $5.6B | ||
| Q1 25 | $7.9B | $3.7B | ||
| Q4 24 | $8.0B | $3.3B | ||
| Q3 24 | $8.0B | $3.1B | ||
| Q2 24 | $5.6B | $2.9B | ||
| Q1 24 | $5.4B | $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 | $187.1M | $190.4M |
| Free Cash FlowOCF − Capex | $35.4M | $105.2M |
| FCF MarginFCF / Revenue | 4.6% | 17.1% |
| Capex IntensityCapex / Revenue | 19.9% | 13.9% |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $190.4M | ||
| Q3 25 | $277.1M | $167.1M | ||
| Q2 25 | $216.4M | $99.8M | ||
| Q1 25 | $271.1M | $145.8M | ||
| Q4 24 | $136.2M | $127.3M | ||
| Q3 24 | $283.8M | $104.7M | ||
| Q2 24 | $106.8M | $74.8M | ||
| Q1 24 | $128.7M | $73.6M |
| Q4 25 | $35.4M | $105.2M | ||
| Q3 25 | $139.5M | $82.5M | ||
| Q2 25 | $99.8M | $39.9M | ||
| Q1 25 | $157.5M | $59.9M | ||
| Q4 24 | $-4.4M | $54.2M | ||
| Q3 24 | $156.8M | $54.5M | ||
| Q2 24 | $-34.3M | $45.2M | ||
| Q1 24 | $-37.9M | $41.5M |
| Q4 25 | 4.6% | 17.1% | ||
| Q3 25 | 17.5% | 14.7% | ||
| Q2 25 | 11.8% | 7.8% | ||
| Q1 25 | 18.0% | 12.5% | ||
| Q4 24 | -0.5% | 11.8% | ||
| Q3 24 | 19.6% | 12.7% | ||
| Q2 24 | -4.9% | 11.3% | ||
| Q1 24 | -6.0% | 11.0% |
| Q4 25 | 19.9% | 13.9% | ||
| Q3 25 | 17.3% | 15.1% | ||
| Q2 25 | 13.7% | 11.7% | ||
| Q1 25 | 13.0% | 17.9% | ||
| Q4 24 | 15.2% | 15.9% | ||
| Q3 24 | 15.9% | 11.7% | ||
| Q2 24 | 20.4% | 7.4% | ||
| Q1 24 | 26.2% | 8.5% |
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
