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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $588.0M, roughly 1.0× Simpson Manufacturing Co., Inc.). Simpson Manufacturing Co., Inc. runs the higher net margin — 15.0% vs -2.0%, a 17.0% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 9.1%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs -0.8%).
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.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
NET vs SSD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $588.0M |
| Net Profit | $-12.1M | $88.2M |
| Gross Margin | 73.6% | 45.2% |
| Operating Margin | -8.0% | 19.5% |
| Net Margin | -2.0% | 15.0% |
| Revenue YoY | 33.6% | 9.1% |
| Net Profit YoY | 6.0% | 13.3% |
| EPS (diluted) | $-0.03 | $2.13 |
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 | — | $588.0M | ||
| Q4 25 | $614.5M | $539.3M | ||
| Q3 25 | $562.0M | $623.5M | ||
| Q2 25 | $512.3M | $631.1M | ||
| Q1 25 | $479.1M | $538.9M | ||
| Q4 24 | $459.9M | $517.4M | ||
| Q3 24 | $430.1M | $587.2M | ||
| Q2 24 | $401.0M | $597.0M |
| Q1 26 | — | $88.2M | ||
| Q4 25 | $-12.1M | $56.2M | ||
| Q3 25 | $-1.3M | $107.4M | ||
| Q2 25 | $-50.4M | $103.5M | ||
| Q1 25 | $-38.5M | $77.9M | ||
| Q4 24 | $-12.8M | $55.4M | ||
| Q3 24 | $-15.3M | $93.5M | ||
| Q2 24 | $-15.1M | $97.8M |
| Q1 26 | — | 45.2% | ||
| Q4 25 | 73.6% | 43.4% | ||
| Q3 25 | 74.0% | 46.4% | ||
| Q2 25 | 74.9% | 46.7% | ||
| Q1 25 | 75.9% | 46.8% | ||
| Q4 24 | 76.4% | 44.0% | ||
| Q3 24 | 77.7% | 46.8% | ||
| Q2 24 | 77.8% | 46.7% |
| Q1 26 | — | 19.5% | ||
| Q4 25 | -8.0% | 13.9% | ||
| Q3 25 | -6.7% | 22.6% | ||
| Q2 25 | -13.1% | 22.2% | ||
| Q1 25 | -11.1% | 19.0% | ||
| Q4 24 | -7.5% | 14.8% | ||
| Q3 24 | -7.2% | 21.3% | ||
| Q2 24 | -8.7% | 22.1% |
| Q1 26 | — | 15.0% | ||
| Q4 25 | -2.0% | 10.4% | ||
| Q3 25 | -0.2% | 17.2% | ||
| Q2 25 | -9.8% | 16.4% | ||
| Q1 25 | -8.0% | 14.5% | ||
| Q4 24 | -2.8% | 10.7% | ||
| Q3 24 | -3.6% | 15.9% | ||
| Q2 24 | -3.8% | 16.4% |
| Q1 26 | — | $2.13 | ||
| Q4 25 | $-0.03 | $1.34 | ||
| Q3 25 | $0.00 | $2.58 | ||
| Q2 25 | $-0.15 | $2.47 | ||
| Q1 25 | $-0.11 | $1.85 | ||
| Q4 24 | $-0.05 | $1.31 | ||
| Q3 24 | $-0.04 | $2.21 | ||
| Q2 24 | $-0.04 | $2.31 |
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 | $341.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $2.1B |
| Total Assets | $6.0B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $341.0M | ||
| Q4 25 | $943.5M | $384.1M | ||
| Q3 25 | $1.1B | $297.3M | ||
| Q2 25 | $1.5B | $190.4M | ||
| Q1 25 | $204.5M | $150.3M | ||
| Q4 24 | $147.7M | $239.4M | ||
| Q3 24 | $182.9M | $339.4M | ||
| Q2 24 | $157.0M | $354.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $300.0M | ||
| Q3 25 | — | $371.3M | ||
| Q2 25 | — | $376.9M | ||
| Q1 25 | — | $382.5M | ||
| Q4 24 | — | $388.1M | ||
| Q3 24 | — | $393.8M | ||
| Q2 24 | — | $399.4M |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $973.1M | $1.9B | ||
| Q2 24 | $881.5M | $1.8B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $6.0B | $3.1B | ||
| Q3 25 | $5.8B | $3.0B | ||
| Q2 25 | $5.6B | $3.0B | ||
| Q1 25 | $3.7B | $2.8B | ||
| Q4 24 | $3.3B | $2.7B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $2.9B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.20× | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.23× |
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 | $155.7M | ||
| Q3 25 | $167.1M | $170.2M | ||
| Q2 25 | $99.8M | $125.2M | ||
| Q1 25 | $145.8M | $7.6M | ||
| Q4 24 | $127.3M | $115.8M | ||
| Q3 24 | $104.7M | $103.3M | ||
| Q2 24 | $74.8M | $111.1M |
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $119.0M | ||
| Q3 25 | $82.5M | $133.9M | ||
| Q2 25 | $39.9M | $87.3M | ||
| Q1 25 | $59.9M | $-42.6M | ||
| Q4 24 | $54.2M | $60.3M | ||
| Q3 24 | $54.5M | $58.1M | ||
| Q2 24 | $45.2M | $70.9M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 22.1% | ||
| Q3 25 | 14.7% | 21.5% | ||
| Q2 25 | 7.8% | 13.8% | ||
| Q1 25 | 12.5% | -7.9% | ||
| Q4 24 | 11.8% | 11.7% | ||
| Q3 24 | 12.7% | 9.9% | ||
| Q2 24 | 11.3% | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 6.8% | ||
| Q3 25 | 15.1% | 5.8% | ||
| Q2 25 | 11.7% | 6.0% | ||
| Q1 25 | 17.9% | 9.3% | ||
| Q4 24 | 15.9% | 10.7% | ||
| Q3 24 | 11.7% | 7.7% | ||
| Q2 24 | 7.4% | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 2.09× | ||
| Q3 24 | — | 1.10× | ||
| Q2 24 | — | 1.14× |
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% |
SSD
Segment breakdown not available.
