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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $614.5M, roughly 1.3× Cloudflare, Inc.). Construction Partners, Inc. runs the higher net margin — 2.1% vs -2.0%, a 4.1% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 33.6%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 27.4%).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
NET vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $809.5M |
| Net Profit | $-12.1M | $17.2M |
| Gross Margin | 73.6% | 15.0% |
| Operating Margin | -8.0% | 6.2% |
| Net Margin | -2.0% | 2.1% |
| Revenue YoY | 33.6% | 44.1% |
| Net Profit YoY | 6.0% | 663.9% |
| EPS (diluted) | $-0.03 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $562.0M | $899.8M | ||
| Q2 25 | $512.3M | $779.3M | ||
| Q1 25 | $479.1M | $571.6M | ||
| Q4 24 | $459.9M | $561.6M | ||
| Q3 24 | $430.1M | $538.2M | ||
| Q2 24 | $401.0M | $517.8M | ||
| Q1 24 | $378.6M | $371.4M |
| Q4 25 | $-12.1M | $17.2M | ||
| Q3 25 | $-1.3M | $56.6M | ||
| Q2 25 | $-50.4M | $44.0M | ||
| Q1 25 | $-38.5M | $4.2M | ||
| Q4 24 | $-12.8M | $-3.1M | ||
| Q3 24 | $-15.3M | $29.3M | ||
| Q2 24 | $-15.1M | $30.9M | ||
| Q1 24 | $-35.5M | $-1.1M |
| Q4 25 | 73.6% | 15.0% | ||
| Q3 25 | 74.0% | 17.7% | ||
| Q2 25 | 74.9% | 16.9% | ||
| Q1 25 | 75.9% | 12.5% | ||
| Q4 24 | 76.4% | 13.6% | ||
| Q3 24 | 77.7% | 15.6% | ||
| Q2 24 | 77.8% | 16.1% | ||
| Q1 24 | 77.5% | 10.4% |
| Q4 25 | -8.0% | 6.2% | ||
| Q3 25 | -6.7% | 11.2% | ||
| Q2 25 | -13.1% | 10.6% | ||
| Q1 25 | -11.1% | 4.8% | ||
| Q4 24 | -7.5% | 2.5% | ||
| Q3 24 | -7.2% | 8.5% | ||
| Q2 24 | -8.7% | 8.8% | ||
| Q1 24 | -14.4% | 0.8% |
| Q4 25 | -2.0% | 2.1% | ||
| Q3 25 | -0.2% | 6.3% | ||
| Q2 25 | -9.8% | 5.7% | ||
| Q1 25 | -8.0% | 0.7% | ||
| Q4 24 | -2.8% | -0.5% | ||
| Q3 24 | -3.6% | 5.4% | ||
| Q2 24 | -3.8% | 6.0% | ||
| Q1 24 | -9.4% | -0.3% |
| Q4 25 | $-0.03 | $0.31 | ||
| Q3 25 | $0.00 | $1.03 | ||
| Q2 25 | $-0.15 | $0.79 | ||
| Q1 25 | $-0.11 | $0.08 | ||
| Q4 24 | $-0.05 | $-0.06 | ||
| Q3 24 | $-0.04 | $0.55 | ||
| Q2 24 | $-0.04 | $0.59 | ||
| Q1 24 | $-0.10 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $969.1M |
| Total Assets | $6.0B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $104.1M | ||
| Q3 25 | $1.1B | $156.1M | ||
| Q2 25 | $1.5B | $114.3M | ||
| Q1 25 | $204.5M | $101.9M | ||
| Q4 24 | $147.7M | $132.5M | ||
| Q3 24 | $182.9M | $74.7M | ||
| Q2 24 | $157.0M | $56.3M | ||
| Q1 24 | $254.4M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $969.1M | ||
| Q3 25 | $1.3B | $912.0M | ||
| Q2 25 | $1.2B | $853.3M | ||
| Q1 25 | $1.4B | $807.9M | ||
| Q4 24 | $1.0B | $811.1M | ||
| Q3 24 | $973.1M | $573.7M | ||
| Q2 24 | $881.5M | $552.9M | ||
| Q1 24 | $797.2M | $525.0M |
| Q4 25 | $6.0B | $3.4B | ||
| Q3 25 | $5.8B | $3.2B | ||
| Q2 25 | $5.6B | $2.9B | ||
| Q1 25 | $3.7B | $2.8B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.1B | $1.5B | ||
| Q2 24 | $2.9B | $1.4B | ||
| Q1 24 | $2.8B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 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 | $82.6M |
| Free Cash FlowOCF − Capex | $105.2M | $47.1M |
| FCF MarginFCF / Revenue | 17.1% | 5.8% |
| Capex IntensityCapex / Revenue | 13.9% | 4.4% |
| Cash ConversionOCF / Net Profit | — | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $82.6M | ||
| Q3 25 | $167.1M | $112.0M | ||
| Q2 25 | $99.8M | $83.0M | ||
| Q1 25 | $145.8M | $55.6M | ||
| Q4 24 | $127.3M | $40.7M | ||
| Q3 24 | $104.7M | $95.9M | ||
| Q2 24 | $74.8M | $34.6M | ||
| Q1 24 | $73.6M | $18.2M |
| Q4 25 | $105.2M | $47.1M | ||
| Q3 25 | $82.5M | $78.9M | ||
| Q2 25 | $39.9M | $46.4M | ||
| Q1 25 | $59.9M | $14.2M | ||
| Q4 24 | $54.2M | $13.8M | ||
| Q3 24 | $54.5M | $78.4M | ||
| Q2 24 | $45.2M | $19.7M | ||
| Q1 24 | $41.5M | $-10.6M |
| Q4 25 | 17.1% | 5.8% | ||
| Q3 25 | 14.7% | 8.8% | ||
| Q2 25 | 7.8% | 5.9% | ||
| Q1 25 | 12.5% | 2.5% | ||
| Q4 24 | 11.8% | 2.5% | ||
| Q3 24 | 12.7% | 14.6% | ||
| Q2 24 | 11.3% | 3.8% | ||
| Q1 24 | 11.0% | -2.8% |
| Q4 25 | 13.9% | 4.4% | ||
| Q3 25 | 15.1% | 3.7% | ||
| Q2 25 | 11.7% | 4.7% | ||
| Q1 25 | 17.9% | 7.2% | ||
| Q4 24 | 15.9% | 4.8% | ||
| Q3 24 | 11.7% | 3.3% | ||
| Q2 24 | 7.4% | 2.9% | ||
| Q1 24 | 8.5% | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.88× | ||
| Q1 25 | — | 13.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | — | — |
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% |
ROAD
Segment breakdown not available.
