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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Champion Homes, Inc. (SKY). Click either name above to swap in a different company.
Champion Homes, Inc. is the larger business by last-quarter revenue ($656.6M vs $614.5M, roughly 1.1× Cloudflare, Inc.). Champion Homes, Inc. runs the higher net margin — 8.3% vs -2.0%, a 10.2% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 1.8%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $92.9M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 10.6%).
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.
Champion Homes, Inc., is a mobile and modular home manufacturing company. It is one of the largest modular homebuilders in North America. The company also provides factory-built housing to the United States and western Canada.
NET vs SKY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $656.6M |
| Net Profit | $-12.1M | $54.3M |
| Gross Margin | 73.6% | 26.2% |
| Operating Margin | -8.0% | 9.5% |
| Net Margin | -2.0% | 8.3% |
| Revenue YoY | 33.6% | 1.8% |
| Net Profit YoY | 6.0% | -11.7% |
| EPS (diluted) | $-0.03 | $0.97 |
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 | $656.6M | ||
| Q3 25 | $562.0M | $684.4M | ||
| Q2 25 | $512.3M | $701.3M | ||
| Q1 25 | $479.1M | $593.9M | ||
| Q4 24 | $459.9M | $644.9M | ||
| Q3 24 | $430.1M | $616.9M | ||
| Q2 24 | $401.0M | $627.8M | ||
| Q1 24 | $378.6M | $536.4M |
| Q4 25 | $-12.1M | $54.3M | ||
| Q3 25 | $-1.3M | $58.2M | ||
| Q2 25 | $-50.4M | $64.7M | ||
| Q1 25 | $-38.5M | $36.3M | ||
| Q4 24 | $-12.8M | $61.5M | ||
| Q3 24 | $-15.3M | $54.7M | ||
| Q2 24 | $-15.1M | $45.8M | ||
| Q1 24 | $-35.5M | $2.8M |
| Q4 25 | 73.6% | 26.2% | ||
| Q3 25 | 74.0% | 27.5% | ||
| Q2 25 | 74.9% | 27.1% | ||
| Q1 25 | 75.9% | 25.7% | ||
| Q4 24 | 76.4% | 28.1% | ||
| Q3 24 | 77.7% | 27.0% | ||
| Q2 24 | 77.8% | 26.2% | ||
| Q1 24 | 77.5% | 18.3% |
| Q4 25 | -8.0% | 9.5% | ||
| Q3 25 | -6.7% | 10.9% | ||
| Q2 25 | -13.1% | 11.2% | ||
| Q1 25 | -11.1% | 7.1% | ||
| Q4 24 | -7.5% | 11.3% | ||
| Q3 24 | -7.2% | 10.8% | ||
| Q2 24 | -8.7% | 8.8% | ||
| Q1 24 | -14.4% | 1.4% |
| Q4 25 | -2.0% | 8.3% | ||
| Q3 25 | -0.2% | 8.5% | ||
| Q2 25 | -9.8% | 9.2% | ||
| Q1 25 | -8.0% | 6.1% | ||
| Q4 24 | -2.8% | 9.5% | ||
| Q3 24 | -3.6% | 8.9% | ||
| Q2 24 | -3.8% | 7.3% | ||
| Q1 24 | -9.4% | 0.5% |
| Q4 25 | $-0.03 | $0.97 | ||
| Q3 25 | $0.00 | $1.03 | ||
| Q2 25 | $-0.15 | $1.13 | ||
| Q1 25 | $-0.11 | $0.63 | ||
| Q4 24 | $-0.05 | $1.06 | ||
| Q3 24 | $-0.04 | $0.94 | ||
| Q2 24 | $-0.04 | $0.79 | ||
| Q1 24 | $-0.10 | $0.04 |
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 | $659.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $1.6B |
| Total Assets | $6.0B | $2.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $659.8M | ||
| Q3 25 | $1.1B | $618.7M | ||
| Q2 25 | $1.5B | $605.3M | ||
| Q1 25 | $204.5M | $610.3M | ||
| Q4 24 | $147.7M | $581.8M | ||
| Q3 24 | $182.9M | $570.2M | ||
| Q2 24 | $157.0M | $548.9M | ||
| Q1 24 | $254.4M | $495.1M |
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.5B | ||
| Q2 24 | $881.5M | $1.5B | ||
| Q1 24 | $797.2M | $1.4B |
| Q4 25 | $6.0B | $2.1B | ||
| Q3 25 | $5.8B | $2.1B | ||
| Q2 25 | $5.6B | $2.1B | ||
| Q1 25 | $3.7B | $2.1B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.1B | $2.0B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.8B | $1.9B |
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 | $100.0M |
| Free Cash FlowOCF − Capex | $105.2M | $92.9M |
| FCF MarginFCF / Revenue | 17.1% | 14.1% |
| Capex IntensityCapex / Revenue | 13.9% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 1.84× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $259.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $100.0M | ||
| Q3 25 | $167.1M | $75.9M | ||
| Q2 25 | $99.8M | $75.3M | ||
| Q1 25 | $145.8M | $46.0M | ||
| Q4 24 | $127.3M | $50.4M | ||
| Q3 24 | $104.7M | $59.8M | ||
| Q2 24 | $74.8M | $84.6M | ||
| Q1 24 | $73.6M | — |
| Q4 25 | $105.2M | $92.9M | ||
| Q3 25 | $82.5M | $67.0M | ||
| Q2 25 | $39.9M | $66.4M | ||
| Q1 25 | $59.9M | $33.4M | ||
| Q4 24 | $54.2M | $37.3M | ||
| Q3 24 | $54.5M | $45.7M | ||
| Q2 24 | $45.2M | $73.9M | ||
| Q1 24 | $41.5M | — |
| Q4 25 | 17.1% | 14.1% | ||
| Q3 25 | 14.7% | 9.8% | ||
| Q2 25 | 7.8% | 9.5% | ||
| Q1 25 | 12.5% | 5.6% | ||
| Q4 24 | 11.8% | 5.8% | ||
| Q3 24 | 12.7% | 7.4% | ||
| Q2 24 | 11.3% | 11.8% | ||
| Q1 24 | 11.0% | — |
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 15.1% | 1.3% | ||
| Q2 25 | 11.7% | 1.3% | ||
| Q1 25 | 17.9% | 2.1% | ||
| Q4 24 | 15.9% | 2.0% | ||
| Q3 24 | 11.7% | 2.3% | ||
| Q2 24 | 7.4% | 1.7% | ||
| Q1 24 | 8.5% | — |
| Q4 25 | — | 1.84× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.27× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.85× | ||
| 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% |
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
