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Side-by-side financial comparison of Cloudflare, Inc. (NET) and UDR, Inc. (UDR). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $425.8M, roughly 1.4× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -2.0%, a 46.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 0.9%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 1.3%).
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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
NET vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $425.8M |
| Net Profit | $-12.1M | $189.8M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | 54.0% |
| Net Margin | -2.0% | 44.6% |
| Revenue YoY | 33.6% | 0.9% |
| Net Profit YoY | 6.0% | 147.2% |
| EPS (diluted) | $-0.03 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $614.5M | $433.1M | ||
| Q3 25 | $562.0M | $431.9M | ||
| Q2 25 | $512.3M | $425.4M | ||
| Q1 25 | $479.1M | $421.9M | ||
| Q4 24 | $459.9M | $422.7M | ||
| Q3 24 | $430.1M | $420.2M | ||
| Q2 24 | $401.0M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-12.1M | $222.9M | ||
| Q3 25 | $-1.3M | $40.4M | ||
| Q2 25 | $-50.4M | $37.7M | ||
| Q1 25 | $-38.5M | $76.7M | ||
| Q4 24 | $-12.8M | $-5.0M | ||
| Q3 24 | $-15.3M | $22.6M | ||
| Q2 24 | $-15.1M | $28.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 54.0% | ||
| Q4 25 | -8.0% | 64.1% | ||
| Q3 25 | -6.7% | 17.7% | ||
| Q2 25 | -13.1% | 18.2% | ||
| Q1 25 | -11.1% | 29.0% | ||
| Q4 24 | -7.5% | 15.7% | ||
| Q3 24 | -7.2% | 16.6% | ||
| Q2 24 | -8.7% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | -2.0% | 51.5% | ||
| Q3 25 | -0.2% | 9.4% | ||
| Q2 25 | -9.8% | 8.9% | ||
| Q1 25 | -8.0% | 18.2% | ||
| Q4 24 | -2.8% | -220.5% | ||
| Q3 24 | -3.6% | 5.4% | ||
| Q2 24 | -3.8% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $-0.03 | $0.67 | ||
| Q3 25 | $0.00 | $0.12 | ||
| Q2 25 | $-0.15 | $0.11 | ||
| Q1 25 | $-0.11 | $0.23 | ||
| Q4 24 | $-0.05 | $-0.01 | ||
| Q3 24 | $-0.04 | $0.06 | ||
| Q2 24 | $-0.04 | $0.08 |
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 | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $3.3B |
| Total Assets | $6.0B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $943.5M | $1.2M | ||
| Q3 25 | $1.1B | $1.2M | ||
| Q2 25 | $1.5B | $1.5M | ||
| Q1 25 | $204.5M | $1.3M | ||
| Q4 24 | $147.7M | $1.3M | ||
| Q3 24 | $182.9M | $2.3M | ||
| Q2 24 | $157.0M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.5B | $3.3B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.4B | $3.3B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $973.1M | $3.5B | ||
| Q2 24 | $881.5M | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $6.0B | $10.6B | ||
| Q3 25 | $5.8B | $10.6B | ||
| Q2 25 | $5.6B | $10.6B | ||
| Q1 25 | $3.7B | $10.7B | ||
| Q4 24 | $3.3B | $10.9B | ||
| Q3 24 | $3.1B | $11.1B | ||
| Q2 24 | $2.9B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
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% | 4.9% |
| 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 | $902.9M | ||
| Q3 25 | $167.1M | $234.9M | ||
| Q2 25 | $99.8M | $250.3M | ||
| Q1 25 | $145.8M | $156.2M | ||
| Q4 24 | $127.3M | $876.8M | ||
| Q3 24 | $104.7M | $230.3M | ||
| Q2 24 | $74.8M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $650.0M | ||
| Q3 25 | $82.5M | $164.6M | ||
| Q2 25 | $39.9M | $190.1M | ||
| Q1 25 | $59.9M | $103.2M | ||
| Q4 24 | $54.2M | $627.0M | ||
| Q3 24 | $54.5M | $161.3M | ||
| Q2 24 | $45.2M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 150.1% | ||
| Q3 25 | 14.7% | 38.1% | ||
| Q2 25 | 7.8% | 44.7% | ||
| Q1 25 | 12.5% | 24.5% | ||
| Q4 24 | 11.8% | 148.3% | ||
| Q3 24 | 12.7% | 38.4% | ||
| Q2 24 | 11.3% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 13.9% | 58.4% | ||
| Q3 25 | 15.1% | 16.3% | ||
| Q2 25 | 11.7% | 14.2% | ||
| Q1 25 | 17.9% | 12.6% | ||
| Q4 24 | 15.9% | 59.1% | ||
| Q3 24 | 11.7% | 16.4% | ||
| Q2 24 | 7.4% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | — | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
