vs
Side-by-side financial comparison of Cloudflare, Inc. (NET) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
PERRIGO Co plc is the larger business by last-quarter revenue ($1.1B vs $614.5M, roughly 1.8× Cloudflare, Inc.). Cloudflare, Inc. runs the higher net margin — -2.0% vs -127.8%, a 125.8% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -2.5%). PERRIGO Co plc produced more free cash flow last quarter ($148.6M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 1.3%).
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.
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
NET vs PRGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $1.1B |
| Net Profit | $-12.1M | $-1.4B |
| Gross Margin | 73.6% | 32.6% |
| Operating Margin | -8.0% | -116.0% |
| Net Margin | -2.0% | -127.8% |
| Revenue YoY | 33.6% | -2.5% |
| Net Profit YoY | 6.0% | -3093.9% |
| EPS (diluted) | $-0.03 | $-10.23 |
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 | $614.5M | $1.1B | ||
| Q3 25 | $562.0M | $1.0B | ||
| Q2 25 | $512.3M | $1.1B | ||
| Q1 25 | $479.1M | $1.0B | ||
| Q4 24 | $459.9M | $1.1B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $1.1B | ||
| Q1 24 | $378.6M | $1.1B |
| Q4 25 | $-12.1M | $-1.4B | ||
| Q3 25 | $-1.3M | $7.5M | ||
| Q2 25 | $-50.4M | $-8.4M | ||
| Q1 25 | $-38.5M | $-6.4M | ||
| Q4 24 | $-12.8M | $-44.4M | ||
| Q3 24 | $-15.3M | $-21.0M | ||
| Q2 24 | $-15.1M | $-108.4M | ||
| Q1 24 | $-35.5M | $2.0M |
| Q4 25 | 73.6% | 32.6% | ||
| Q3 25 | 74.0% | 36.1% | ||
| Q2 25 | 74.9% | 34.4% | ||
| Q1 25 | 75.9% | 37.6% | ||
| Q4 24 | 76.4% | 33.9% | ||
| Q3 24 | 77.7% | 37.2% | ||
| Q2 24 | 77.8% | 37.0% | ||
| Q1 24 | 77.5% | 33.1% |
| Q4 25 | -8.0% | -116.0% | ||
| Q3 25 | -6.7% | 7.0% | ||
| Q2 25 | -13.1% | 4.3% | ||
| Q1 25 | -11.1% | 4.5% | ||
| Q4 24 | -7.5% | 10.0% | ||
| Q3 24 | -7.2% | 7.4% | ||
| Q2 24 | -8.7% | -2.5% | ||
| Q1 24 | -14.4% | -5.1% |
| Q4 25 | -2.0% | -127.8% | ||
| Q3 25 | -0.2% | 0.7% | ||
| Q2 25 | -9.8% | -0.8% | ||
| Q1 25 | -8.0% | -0.6% | ||
| Q4 24 | -2.8% | -3.9% | ||
| Q3 24 | -3.6% | -1.9% | ||
| Q2 24 | -3.8% | -10.2% | ||
| Q1 24 | -9.4% | 0.2% |
| Q4 25 | $-0.03 | $-10.23 | ||
| Q3 25 | $0.00 | $0.05 | ||
| Q2 25 | $-0.15 | $-0.06 | ||
| Q1 25 | $-0.11 | $-0.05 | ||
| Q4 24 | $-0.05 | $-0.32 | ||
| Q3 24 | $-0.04 | $-0.15 | ||
| Q2 24 | $-0.04 | $-0.79 | ||
| Q1 24 | $-0.10 | $0.01 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $2.9B |
| Total Assets | $6.0B | $8.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $432.1M | ||
| Q2 25 | $1.5B | $454.2M | ||
| Q1 25 | $204.5M | $409.9M | ||
| Q4 24 | $147.7M | $558.8M | ||
| Q3 24 | $182.9M | $1.5B | ||
| Q2 24 | $157.0M | $542.8M | ||
| Q1 24 | $254.4M | $658.5M |
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.3B | $4.4B | ||
| Q2 25 | $1.2B | $4.5B | ||
| Q1 25 | $1.4B | $4.4B | ||
| Q4 24 | $1.0B | $4.3B | ||
| Q3 24 | $973.1M | $4.6B | ||
| Q2 24 | $881.5M | $4.5B | ||
| Q1 24 | $797.2M | $4.7B |
| Q4 25 | $6.0B | $8.5B | ||
| Q3 25 | $5.8B | $10.1B | ||
| Q2 25 | $5.6B | $10.1B | ||
| Q1 25 | $3.7B | $9.8B | ||
| Q4 24 | $3.3B | $9.6B | ||
| Q3 24 | $3.1B | $11.2B | ||
| Q2 24 | $2.9B | $10.4B | ||
| Q1 24 | $2.8B | $10.6B |
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 | $175.4M |
| Free Cash FlowOCF − Capex | $105.2M | $148.6M |
| FCF MarginFCF / Revenue | 17.1% | 13.4% |
| Capex IntensityCapex / Revenue | 13.9% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $175.4M | ||
| Q3 25 | $167.1M | $51.7M | ||
| Q2 25 | $99.8M | $75.9M | ||
| Q1 25 | $145.8M | $-64.5M | ||
| Q4 24 | $127.3M | $312.6M | ||
| Q3 24 | $104.7M | $42.2M | ||
| Q2 24 | $74.8M | $9.5M | ||
| Q1 24 | $73.6M | $-1.4M |
| Q4 25 | $105.2M | $148.6M | ||
| Q3 25 | $82.5M | $29.8M | ||
| Q2 25 | $39.9M | $56.7M | ||
| Q1 25 | $59.9M | $-90.0M | ||
| Q4 24 | $54.2M | $274.9M | ||
| Q3 24 | $54.5M | $15.1M | ||
| Q2 24 | $45.2M | $-18.9M | ||
| Q1 24 | $41.5M | $-26.5M |
| Q4 25 | 17.1% | 13.4% | ||
| Q3 25 | 14.7% | 2.9% | ||
| Q2 25 | 7.8% | 5.4% | ||
| Q1 25 | 12.5% | -8.6% | ||
| Q4 24 | 11.8% | 24.2% | ||
| Q3 24 | 12.7% | 1.4% | ||
| Q2 24 | 11.3% | -1.8% | ||
| Q1 24 | 11.0% | -2.4% |
| Q4 25 | 13.9% | 2.4% | ||
| Q3 25 | 15.1% | 2.1% | ||
| Q2 25 | 11.7% | 1.8% | ||
| Q1 25 | 17.9% | 2.4% | ||
| Q4 24 | 15.9% | 3.3% | ||
| Q3 24 | 11.7% | 2.5% | ||
| Q2 24 | 7.4% | 2.7% | ||
| Q1 24 | 8.5% | 2.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 6.89× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
