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Side-by-side financial comparison of Cloudflare, Inc. (NET) and SEI INVESTMENTS CO (SEIC). Click either name above to swap in a different company.
SEI INVESTMENTS CO is the larger business by last-quarter revenue ($622.2M vs $614.5M, roughly 1.0× Cloudflare, Inc.). SEI INVESTMENTS CO runs the higher net margin — 28.0% vs -2.0%, a 30.0% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 13.0%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 9.5%).
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.
SEI Investments Company, formerly Simulated Environments Inc., is a financial services company headquartered in Oaks, Pennsylvania, United States. SEI provides products and services to institutions, private banks, investment advisors, investment managers, and private clients. Through its subsidiaries and partnerships in which the company has significant interests, SEI manages, advises or administers $1 trillion in hedge funds, private equity, mutual funds and pooled or separately managed asse...
NET vs SEIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $622.2M |
| Net Profit | $-12.1M | $174.5M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | 30.5% |
| Net Margin | -2.0% | 28.0% |
| Revenue YoY | 33.6% | 13.0% |
| Net Profit YoY | 6.0% | 15.0% |
| EPS (diluted) | $-0.03 | $1.40 |
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 | — | $622.2M | ||
| Q4 25 | $614.5M | $607.9M | ||
| Q3 25 | $562.0M | $578.5M | ||
| Q2 25 | $512.3M | $559.6M | ||
| Q1 25 | $479.1M | $551.3M | ||
| Q4 24 | $459.9M | $557.2M | ||
| Q3 24 | $430.1M | $537.4M | ||
| Q2 24 | $401.0M | $519.0M |
| Q1 26 | — | $174.5M | ||
| Q4 25 | $-12.1M | $172.5M | ||
| Q3 25 | $-1.3M | $164.2M | ||
| Q2 25 | $-50.4M | $227.1M | ||
| Q1 25 | $-38.5M | $151.5M | ||
| Q4 24 | $-12.8M | $155.8M | ||
| Q3 24 | $-15.3M | $154.9M | ||
| Q2 24 | $-15.1M | $139.1M |
| Q1 26 | — | — | ||
| Q4 25 | 73.6% | 36.8% | ||
| Q3 25 | 74.0% | 35.0% | ||
| Q2 25 | 74.9% | 33.8% | ||
| Q1 25 | 75.9% | 34.9% | ||
| Q4 24 | 76.4% | 33.1% | ||
| Q3 24 | 77.7% | 33.8% | ||
| Q2 24 | 77.8% | 32.7% |
| Q1 26 | — | 30.5% | ||
| Q4 25 | -8.0% | 26.6% | ||
| Q3 25 | -6.7% | 27.7% | ||
| Q2 25 | -13.1% | 26.6% | ||
| Q1 25 | -11.1% | 28.5% | ||
| Q4 24 | -7.5% | 26.1% | ||
| Q3 24 | -7.2% | 26.8% | ||
| Q2 24 | -8.7% | 26.3% |
| Q1 26 | — | 28.0% | ||
| Q4 25 | -2.0% | 28.4% | ||
| Q3 25 | -0.2% | 28.4% | ||
| Q2 25 | -9.8% | 40.6% | ||
| Q1 25 | -8.0% | 27.5% | ||
| Q4 24 | -2.8% | 28.0% | ||
| Q3 24 | -3.6% | 28.8% | ||
| Q2 24 | -3.8% | 26.8% |
| Q1 26 | — | $1.40 | ||
| Q4 25 | $-0.03 | $1.38 | ||
| Q3 25 | $0.00 | $1.30 | ||
| Q2 25 | $-0.15 | $1.78 | ||
| Q1 25 | $-0.11 | $1.17 | ||
| Q4 24 | $-0.05 | $1.18 | ||
| Q3 24 | $-0.04 | $1.19 | ||
| Q2 24 | $-0.04 | $1.05 |
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 | $363.1M |
| Total DebtLower is stronger | — | $32.4M |
| Stockholders' EquityBook value | $1.5B | $2.5B |
| Total Assets | $6.0B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $363.1M | ||
| Q4 25 | $943.5M | $399.8M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | $710.7M | ||
| Q4 24 | $147.7M | $839.9M | ||
| Q3 24 | $182.9M | $901.1M | ||
| Q2 24 | $157.0M | $768.3M |
| Q1 26 | — | $32.4M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $1.5B | $2.4B | ||
| Q3 25 | $1.3B | $2.4B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.4B | $2.3B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $973.1M | $2.4B | ||
| Q2 24 | $881.5M | $2.2B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | — | ||
| Q2 25 | $5.6B | $2.6B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.1B | $2.7B | ||
| Q2 24 | $2.9B | $2.5B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $190.4M | $126.4M | ||
| Q3 25 | $167.1M | $238.3M | ||
| Q2 25 | $99.8M | $96.5M | ||
| Q1 25 | $145.8M | $146.5M | ||
| Q4 24 | $127.3M | $195.3M | ||
| Q3 24 | $104.7M | $200.0M | ||
| Q2 24 | $74.8M | $114.7M |
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $124.8M | ||
| Q3 25 | $82.5M | $229.6M | ||
| Q2 25 | $39.9M | $92.7M | ||
| Q1 25 | $59.9M | $137.8M | ||
| Q4 24 | $54.2M | $190.2M | ||
| Q3 24 | $54.5M | $193.7M | ||
| Q2 24 | $45.2M | $107.0M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 20.5% | ||
| Q3 25 | 14.7% | 39.7% | ||
| Q2 25 | 7.8% | 16.6% | ||
| Q1 25 | 12.5% | 25.0% | ||
| Q4 24 | 11.8% | 34.1% | ||
| Q3 24 | 12.7% | 36.0% | ||
| Q2 24 | 11.3% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 0.3% | ||
| Q3 25 | 15.1% | 1.5% | ||
| Q2 25 | 11.7% | 0.7% | ||
| Q1 25 | 17.9% | 1.6% | ||
| Q4 24 | 15.9% | 0.9% | ||
| Q3 24 | 11.7% | 1.2% | ||
| Q2 24 | 7.4% | 1.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.25× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 0.82× |
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% |
SEIC
Segment breakdown not available.
