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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Symbotic Inc. (SYM). Click either name above to swap in a different company.
Symbotic Inc. is the larger business by last-quarter revenue ($630.0M vs $614.5M, roughly 1.0× Cloudflare, Inc.). Symbotic Inc. runs the higher net margin — 0.4% vs -2.0%, a 2.4% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 29.4%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 21.9%).
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.
Symbotic Inc. is an American robotics warehouse automation company based in Wilmington, Massachusetts.
NET vs SYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $630.0M |
| Net Profit | $-12.1M | $2.6M |
| Gross Margin | 73.6% | 21.2% |
| Operating Margin | -8.0% | 1.0% |
| Net Margin | -2.0% | 0.4% |
| Revenue YoY | 33.6% | 29.4% |
| Net Profit YoY | 6.0% | 174.9% |
| EPS (diluted) | $-0.03 | $0.02 |
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 | $630.0M | ||
| Q3 25 | $562.0M | $618.5M | ||
| Q2 25 | $512.3M | $592.1M | ||
| Q1 25 | $479.1M | $549.7M | ||
| Q4 24 | $459.9M | $486.7M | ||
| Q3 24 | $430.1M | $503.6M | ||
| Q2 24 | $401.0M | $491.9M | ||
| Q1 24 | $378.6M | $424.3M |
| Q4 25 | $-12.1M | $2.6M | ||
| Q3 25 | $-1.3M | $-3.6M | ||
| Q2 25 | $-50.4M | $-5.9M | ||
| Q1 25 | $-38.5M | $-3.9M | ||
| Q4 24 | $-12.8M | $-3.5M | ||
| Q3 24 | $-15.3M | $-2.5M | ||
| Q2 24 | $-15.1M | $-2.5M | ||
| Q1 24 | $-35.5M | $-6.6M |
| Q4 25 | 73.6% | 21.2% | ||
| Q3 25 | 74.0% | 20.6% | ||
| Q2 25 | 74.9% | 18.2% | ||
| Q1 25 | 75.9% | 19.6% | ||
| Q4 24 | 76.4% | 16.4% | ||
| Q3 24 | 77.7% | 12.7% | ||
| Q2 24 | 77.8% | 13.7% | ||
| Q1 24 | 77.5% | 10.4% |
| Q4 25 | -8.0% | 1.0% | ||
| Q3 25 | -6.7% | -3.5% | ||
| Q2 25 | -13.1% | -6.2% | ||
| Q1 25 | -11.1% | -5.8% | ||
| Q4 24 | -7.5% | -5.1% | ||
| Q3 24 | -7.2% | -4.3% | ||
| Q2 24 | -8.7% | -5.1% | ||
| Q1 24 | -14.4% | -12.0% |
| Q4 25 | -2.0% | 0.4% | ||
| Q3 25 | -0.2% | -0.6% | ||
| Q2 25 | -9.8% | -1.0% | ||
| Q1 25 | -8.0% | -0.7% | ||
| Q4 24 | -2.8% | -0.7% | ||
| Q3 24 | -3.6% | -0.5% | ||
| Q2 24 | -3.8% | -0.5% | ||
| Q1 24 | -9.4% | -1.6% |
| Q4 25 | $-0.03 | $0.02 | ||
| Q3 25 | $0.00 | $-0.04 | ||
| Q2 25 | $-0.15 | $-0.05 | ||
| Q1 25 | $-0.11 | $-0.04 | ||
| Q4 24 | $-0.05 | $-0.03 | ||
| Q3 24 | $-0.04 | $-0.03 | ||
| Q2 24 | $-0.04 | $-0.02 | ||
| Q1 24 | $-0.10 | $-0.07 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $663.8M |
| Total Assets | $6.0B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $1.8B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.5B | $777.6M | ||
| Q1 25 | $204.5M | $954.9M | ||
| Q4 24 | $147.7M | $903.0M | ||
| Q3 24 | $182.9M | $727.3M | ||
| Q2 24 | $157.0M | $870.5M | ||
| Q1 24 | $254.4M | $901.4M |
| Q4 25 | $1.5B | $663.8M | ||
| Q3 25 | $1.3B | $221.3M | ||
| Q2 25 | $1.2B | $210.8M | ||
| Q1 25 | $1.4B | $205.4M | ||
| Q4 24 | $1.0B | $196.5M | ||
| Q3 24 | $973.1M | $197.2M | ||
| Q2 24 | $881.5M | $418.7M | ||
| Q1 24 | $797.2M | $417.1M |
| Q4 25 | $6.0B | $3.0B | ||
| Q3 25 | $5.8B | $2.4B | ||
| Q2 25 | $5.6B | $1.8B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.1B | $1.6B | ||
| Q2 24 | $2.9B | $1.6B | ||
| Q1 24 | $2.8B | $1.6B |
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 | $191.5M |
| Free Cash FlowOCF − Capex | $105.2M | — |
| FCF MarginFCF / Revenue | 17.1% | — |
| Capex IntensityCapex / Revenue | 13.9% | — |
| Cash ConversionOCF / Net Profit | — | 73.61× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $191.5M | ||
| Q3 25 | $167.1M | $530.7M | ||
| Q2 25 | $99.8M | $-138.3M | ||
| Q1 25 | $145.8M | $269.6M | ||
| Q4 24 | $127.3M | $205.0M | ||
| Q3 24 | $104.7M | $-99.4M | ||
| Q2 24 | $74.8M | $50.4M | ||
| Q1 24 | $73.6M | $21.1M |
| Q4 25 | $105.2M | — | ||
| Q3 25 | $82.5M | — | ||
| Q2 25 | $39.9M | — | ||
| Q1 25 | $59.9M | — | ||
| Q4 24 | $54.2M | $197.7M | ||
| Q3 24 | $54.5M | $-120.1M | ||
| Q2 24 | $45.2M | $33.5M | ||
| Q1 24 | $41.5M | $18.6M |
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 11.8% | 40.6% | ||
| Q3 24 | 12.7% | -23.9% | ||
| Q2 24 | 11.3% | 6.8% | ||
| Q1 24 | 11.0% | 4.4% |
| Q4 25 | 13.9% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 17.9% | — | ||
| Q4 24 | 15.9% | 1.5% | ||
| Q3 24 | 11.7% | 4.1% | ||
| Q2 24 | 7.4% | 3.4% | ||
| Q1 24 | 8.5% | 0.6% |
| Q4 25 | — | 73.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
SYM
| Systems | $590.3M | 94% |
| Operation Services | $28.8M | 5% |
| Software Maintenance And Support | $10.9M | 2% |
| Revision Of Prior Period Change In Accounting Principle Adjustment | $2.9M | 0% |
| Related Party | $1.1M | 0% |
