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Side-by-side financial comparison of Cloudflare, Inc. (NET) and OMEGA HEALTHCARE INVESTORS INC (OHI). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $323.0M, roughly 1.9× OMEGA HEALTHCARE INVESTORS INC). OMEGA HEALTHCARE INVESTORS INC runs the higher net margin — 49.1% vs -2.0%, a 51.1% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 16.7%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 13.0%).
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.
Omega Healthcare Investors Inc is a specialized real estate investment trust that owns, leases and manages healthcare-related real estate assets, mainly including skilled nursing facilities, senior housing and long-term care facilities across the U.S. and UK. It partners with healthcare operators to provide stable real estate support for quality patient care delivery.
NET vs OHI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $323.0M |
| Net Profit | $-12.1M | $158.6M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | — |
| Net Margin | -2.0% | 49.1% |
| Revenue YoY | 33.6% | 16.7% |
| Net Profit YoY | 6.0% | 41.5% |
| 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 | — | $323.0M | ||
| Q4 25 | $614.5M | $319.2M | ||
| Q3 25 | $562.0M | $311.6M | ||
| Q2 25 | $512.3M | $282.5M | ||
| Q1 25 | $479.1M | $276.8M | ||
| Q4 24 | $459.9M | $279.3M | ||
| Q3 24 | $430.1M | $276.0M | ||
| Q2 24 | $401.0M | $252.7M |
| Q1 26 | — | $158.6M | ||
| Q4 25 | $-12.1M | $172.0M | ||
| Q3 25 | $-1.3M | $179.7M | ||
| Q2 25 | $-50.4M | $136.6M | ||
| Q1 25 | $-38.5M | $109.0M | ||
| Q4 24 | $-12.8M | $116.5M | ||
| Q3 24 | $-15.3M | $111.8M | ||
| Q2 24 | $-15.1M | $113.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -8.0% | 53.7% | ||
| Q3 25 | -6.7% | 61.4% | ||
| Q2 25 | -13.1% | 52.1% | ||
| Q1 25 | -11.1% | 41.4% | ||
| Q4 24 | -7.5% | 42.5% | ||
| Q3 24 | -7.2% | 40.3% | ||
| Q2 24 | -8.7% | 47.1% |
| Q1 26 | — | 49.1% | ||
| Q4 25 | -2.0% | 53.9% | ||
| Q3 25 | -0.2% | 57.7% | ||
| Q2 25 | -9.8% | 48.4% | ||
| Q1 25 | -8.0% | 39.4% | ||
| Q4 24 | -2.8% | 41.7% | ||
| Q3 24 | -3.6% | 40.5% | ||
| Q2 24 | -3.8% | 45.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.03 | $0.56 | ||
| Q3 25 | $0.00 | $0.59 | ||
| Q2 25 | $-0.15 | $0.46 | ||
| Q1 25 | $-0.11 | $0.33 | ||
| Q4 24 | $-0.05 | $0.41 | ||
| Q3 24 | $-0.04 | $0.42 | ||
| Q2 24 | $-0.04 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $943.5M | $26.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $5.2B |
| Total Assets | $6.0B | $10.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $26.1M | ||
| Q4 25 | $943.5M | $27.0M | ||
| Q3 25 | $1.1B | $737.2M | ||
| Q2 25 | $1.5B | $734.2M | ||
| Q1 25 | $204.5M | $368.0M | ||
| Q4 24 | $147.7M | $518.3M | ||
| Q3 24 | $182.9M | $342.4M | ||
| Q2 24 | $157.0M | $35.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $4.9B | ||
| Q2 24 | — | $4.7B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.2B | $5.0B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.0B | $4.5B | ||
| Q3 24 | $973.1M | $4.2B | ||
| Q2 24 | $881.5M | $3.7B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $6.0B | $10.0B | ||
| Q3 25 | $5.8B | $10.6B | ||
| Q2 25 | $5.6B | $10.5B | ||
| Q1 25 | $3.7B | $9.7B | ||
| Q4 24 | $3.3B | $9.9B | ||
| Q3 24 | $3.1B | $9.6B | ||
| Q2 24 | $2.9B | $8.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 1.26× |
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 | $190.4M | $878.6M | ||
| Q3 25 | $167.1M | $226.7M | ||
| Q2 25 | $99.8M | $239.3M | ||
| Q1 25 | $145.8M | $182.0M | ||
| Q4 24 | $127.3M | $749.4M | ||
| Q3 24 | $104.7M | $184.9M | ||
| Q2 24 | $74.8M | $184.1M |
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $797.7M | ||
| Q3 25 | $82.5M | $205.5M | ||
| Q2 25 | $39.9M | $226.5M | ||
| Q1 25 | $59.9M | $161.8M | ||
| Q4 24 | $54.2M | $711.7M | ||
| Q3 24 | $54.5M | $176.6M | ||
| Q2 24 | $45.2M | $177.0M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 249.9% | ||
| Q3 25 | 14.7% | 65.9% | ||
| Q2 25 | 7.8% | 80.2% | ||
| Q1 25 | 12.5% | 58.4% | ||
| Q4 24 | 11.8% | 254.8% | ||
| Q3 24 | 12.7% | 64.0% | ||
| Q2 24 | 11.3% | 70.0% |
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 25.3% | ||
| Q3 25 | 15.1% | 6.8% | ||
| Q2 25 | 11.7% | 4.5% | ||
| Q1 25 | 17.9% | 7.3% | ||
| Q4 24 | 15.9% | 13.5% | ||
| Q3 24 | 11.7% | 3.0% | ||
| Q2 24 | 7.4% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.11× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.67× | ||
| Q4 24 | — | 6.43× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
OHI
| Rental income | $266.9M | 83% |
| Other | $45.2M | 14% |
| Resident fees and services | $6.7M | 2% |
| Real estate tax and ground lease income | $3.8M | 1% |
| Miscellaneous income | $526.0K | 0% |
