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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Snap-on (SNA). Click either name above to swap in a different company.
Snap-on is the larger business by last-quarter revenue ($1.2B vs $614.5M, roughly 2.0× Cloudflare, Inc.). Snap-on runs the higher net margin — 21.3% vs -2.0%, a 23.3% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 2.7%). Snap-on produced more free cash flow last quarter ($254.6M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 2.0%).
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.
Snap-on Incorporated is an American designer, manufacturer, and marketer of high-end tools and equipment for professional use in the transportation industry, including the automotive, heavy duty, equipment, marine, aviation, and railroad industries. Headquartered in Kenosha, Wisconsin, since 1930, Snap-on also distributes lower-end tools under the brand name Blue-Point. Their primary competitors include Matco, Mac Tools, and Cornwell Tools.
NET vs SNA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $1.2B |
| Net Profit | $-12.1M | $260.7M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | 27.8% |
| Net Margin | -2.0% | 21.3% |
| Revenue YoY | 33.6% | 2.7% |
| Net Profit YoY | 6.0% | 1.0% |
| EPS (diluted) | $-0.03 | $4.94 |
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 | $1.2B | ||
| Q3 25 | $562.0M | $1.2B | ||
| Q2 25 | $512.3M | $1.2B | ||
| Q1 25 | $479.1M | $1.1B | ||
| Q4 24 | $459.9M | $1.2B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $1.2B | ||
| Q1 24 | $378.6M | $1.2B |
| Q4 25 | $-12.1M | $260.7M | ||
| Q3 25 | $-1.3M | $265.4M | ||
| Q2 25 | $-50.4M | $250.3M | ||
| Q1 25 | $-38.5M | $240.5M | ||
| Q4 24 | $-12.8M | $258.1M | ||
| Q3 24 | $-15.3M | $251.1M | ||
| Q2 24 | $-15.1M | $271.2M | ||
| Q1 24 | $-35.5M | $263.5M |
| 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 24 | 77.5% | — |
| Q4 25 | -8.0% | 27.8% | ||
| Q3 25 | -6.7% | 29.4% | ||
| Q2 25 | -13.1% | 28.0% | ||
| Q1 25 | -11.1% | 27.7% | ||
| Q4 24 | -7.5% | 27.9% | ||
| Q3 24 | -7.2% | 28.4% | ||
| Q2 24 | -8.7% | 29.9% | ||
| Q1 24 | -14.4% | 28.9% |
| Q4 25 | -2.0% | 21.3% | ||
| Q3 25 | -0.2% | 22.5% | ||
| Q2 25 | -9.8% | 21.4% | ||
| Q1 25 | -8.0% | 21.2% | ||
| Q4 24 | -2.8% | 21.7% | ||
| Q3 24 | -3.6% | 22.0% | ||
| Q2 24 | -3.8% | 23.1% | ||
| Q1 24 | -9.4% | 22.4% |
| Q4 25 | $-0.03 | $4.94 | ||
| Q3 25 | $0.00 | $5.02 | ||
| Q2 25 | $-0.15 | $4.72 | ||
| Q1 25 | $-0.11 | $4.51 | ||
| Q4 24 | $-0.05 | $4.83 | ||
| Q3 24 | $-0.04 | $4.70 | ||
| Q2 24 | $-0.04 | $5.07 | ||
| Q1 24 | $-0.10 | $4.91 |
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 | — |
| Total Assets | $6.0B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $204.5M | $1.4B | ||
| Q4 24 | $147.7M | $1.4B | ||
| Q3 24 | $182.9M | $1.3B | ||
| Q2 24 | $157.0M | $1.2B | ||
| Q1 24 | $254.4M | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.3B | $5.8B | ||
| Q2 25 | $1.2B | $5.7B | ||
| Q1 25 | $1.4B | $5.5B | ||
| Q4 24 | $1.0B | $5.4B | ||
| Q3 24 | $973.1M | $5.5B | ||
| Q2 24 | $881.5M | $5.3B | ||
| Q1 24 | $797.2M | $5.1B |
| Q4 25 | $6.0B | — | ||
| Q3 25 | $5.8B | $8.4B | ||
| Q2 25 | $5.6B | $8.2B | ||
| Q1 25 | $3.7B | $8.1B | ||
| Q4 24 | $3.3B | $7.9B | ||
| Q3 24 | $3.1B | $8.0B | ||
| Q2 24 | $2.9B | $7.8B | ||
| Q1 24 | $2.8B | $7.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | — | ||
| 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 | $268.1M |
| Free Cash FlowOCF − Capex | $105.2M | $254.6M |
| FCF MarginFCF / Revenue | 17.1% | 20.8% |
| Capex IntensityCapex / Revenue | 13.9% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 1.03× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $268.1M | ||
| Q3 25 | $167.1M | $277.9M | ||
| Q2 25 | $99.8M | $237.2M | ||
| Q1 25 | $145.8M | $298.5M | ||
| Q4 24 | $127.3M | $293.5M | ||
| Q3 24 | $104.7M | $274.2M | ||
| Q2 24 | $74.8M | $301.1M | ||
| Q1 24 | $73.6M | $348.7M |
| Q4 25 | $105.2M | $254.6M | ||
| Q3 25 | $82.5M | $258.0M | ||
| Q2 25 | $39.9M | $217.5M | ||
| Q1 25 | $59.9M | $275.6M | ||
| Q4 24 | $54.2M | $275.4M | ||
| Q3 24 | $54.5M | $253.8M | ||
| Q2 24 | $45.2M | $277.9M | ||
| Q1 24 | $41.5M | $326.9M |
| Q4 25 | 17.1% | 20.8% | ||
| Q3 25 | 14.7% | 21.8% | ||
| Q2 25 | 7.8% | 18.6% | ||
| Q1 25 | 12.5% | 24.3% | ||
| Q4 24 | 11.8% | 23.1% | ||
| Q3 24 | 12.7% | 22.3% | ||
| Q2 24 | 11.3% | 23.7% | ||
| Q1 24 | 11.0% | 27.8% |
| Q4 25 | 13.9% | 1.1% | ||
| Q3 25 | 15.1% | 1.7% | ||
| Q2 25 | 11.7% | 1.7% | ||
| Q1 25 | 17.9% | 2.0% | ||
| Q4 24 | 15.9% | 1.5% | ||
| Q3 24 | 11.7% | 1.8% | ||
| Q2 24 | 7.4% | 2.0% | ||
| Q1 24 | 8.5% | 1.9% |
| Q4 25 | — | 1.03× | ||
| Q3 25 | — | 1.05× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.11× | ||
| Q1 24 | — | 1.32× |
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% |
SNA
Segment breakdown not available.
