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Side-by-side financial comparison of Cloudflare, Inc. (NET) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.
UPBOUND GROUP, INC. is the larger business by last-quarter revenue ($1.2B vs $614.5M, roughly 1.9× Cloudflare, Inc.). UPBOUND GROUP, INC. runs the higher net margin — 1.7% vs -2.0%, a 3.6% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 10.9%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $24.0M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 4.5%).
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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
NET vs UPBD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $1.2B |
| Net Profit | $-12.1M | $19.7M |
| Gross Margin | 73.6% | 49.0% |
| Operating Margin | -8.0% | 4.8% |
| Net Margin | -2.0% | 1.7% |
| Revenue YoY | 33.6% | 10.9% |
| Net Profit YoY | 6.0% | -36.3% |
| EPS (diluted) | $-0.03 | $0.35 |
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 | $1.2B | ||
| Q4 24 | $459.9M | $1.1B | ||
| Q3 24 | $430.1M | $1.1B | ||
| Q2 24 | $401.0M | $1.1B | ||
| Q1 24 | $378.6M | $1.1B |
| Q4 25 | $-12.1M | $19.7M | ||
| Q3 25 | $-1.3M | $13.2M | ||
| Q2 25 | $-50.4M | $15.5M | ||
| Q1 25 | $-38.5M | $24.8M | ||
| Q4 24 | $-12.8M | $31.0M | ||
| Q3 24 | $-15.3M | $30.9M | ||
| Q2 24 | $-15.1M | $33.9M | ||
| Q1 24 | $-35.5M | $27.7M |
| Q4 25 | 73.6% | 49.0% | ||
| Q3 25 | 74.0% | 48.3% | ||
| Q2 25 | 74.9% | 49.4% | ||
| Q1 25 | 75.9% | 46.8% | ||
| Q4 24 | 76.4% | 47.1% | ||
| Q3 24 | 77.7% | 47.8% | ||
| Q2 24 | 77.8% | 49.4% | ||
| Q1 24 | 77.5% | 48.3% |
| Q4 25 | -8.0% | 4.8% | ||
| Q3 25 | -6.7% | 4.5% | ||
| Q2 25 | -13.1% | 4.4% | ||
| Q1 25 | -11.1% | 5.3% | ||
| Q4 24 | -7.5% | 7.3% | ||
| Q3 24 | -7.2% | 6.6% | ||
| Q2 24 | -8.7% | 7.5% | ||
| Q1 24 | -14.4% | 5.6% |
| Q4 25 | -2.0% | 1.7% | ||
| Q3 25 | -0.2% | 1.1% | ||
| Q2 25 | -9.8% | 1.3% | ||
| Q1 25 | -8.0% | 2.1% | ||
| Q4 24 | -2.8% | 2.9% | ||
| Q3 24 | -3.6% | 2.9% | ||
| Q2 24 | -3.8% | 3.2% | ||
| Q1 24 | -9.4% | 2.5% |
| Q4 25 | $-0.03 | $0.35 | ||
| Q3 25 | $0.00 | $0.22 | ||
| Q2 25 | $-0.15 | $0.26 | ||
| Q1 25 | $-0.11 | $0.42 | ||
| Q4 24 | $-0.05 | $0.55 | ||
| Q3 24 | $-0.04 | $0.55 | ||
| Q2 24 | $-0.04 | $0.61 | ||
| Q1 24 | $-0.10 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $695.7M |
| Total Assets | $6.0B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $120.5M | ||
| Q3 25 | $1.1B | $107.0M | ||
| Q2 25 | $1.5B | $106.8M | ||
| Q1 25 | $204.5M | $107.3M | ||
| Q4 24 | $147.7M | $60.9M | ||
| Q3 24 | $182.9M | $85.1M | ||
| Q2 24 | $157.0M | $82.5M | ||
| Q1 24 | $254.4M | $84.8M |
| Q4 25 | $1.5B | $695.7M | ||
| Q3 25 | $1.3B | $687.3M | ||
| Q2 25 | $1.2B | $685.5M | ||
| Q1 25 | $1.4B | $679.2M | ||
| Q4 24 | $1.0B | $629.0M | ||
| Q3 24 | $973.1M | $611.8M | ||
| Q2 24 | $881.5M | $596.3M | ||
| Q1 24 | $797.2M | $578.3M |
| Q4 25 | $6.0B | $3.3B | ||
| Q3 25 | $5.8B | $3.2B | ||
| Q2 25 | $5.6B | $3.1B | ||
| Q1 25 | $3.7B | $3.0B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.1B | $2.6B | ||
| Q2 24 | $2.9B | $2.6B | ||
| Q1 24 | $2.8B | $2.6B |
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 | $41.6M |
| Free Cash FlowOCF − Capex | $105.2M | $24.0M |
| FCF MarginFCF / Revenue | 17.1% | 2.0% |
| Capex IntensityCapex / Revenue | 13.9% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $41.6M | ||
| Q3 25 | $167.1M | $118.4M | ||
| Q2 25 | $99.8M | $7.8M | ||
| Q1 25 | $145.8M | $137.7M | ||
| Q4 24 | $127.3M | $-61.9M | ||
| Q3 24 | $104.7M | $106.2M | ||
| Q2 24 | $74.8M | $15.0M | ||
| Q1 24 | $73.6M | $45.4M |
| Q4 25 | $105.2M | $24.0M | ||
| Q3 25 | $82.5M | $97.9M | ||
| Q2 25 | $39.9M | $-10.4M | ||
| Q1 25 | $59.9M | $127.2M | ||
| Q4 24 | $54.2M | $-74.0M | ||
| Q3 24 | $54.5M | $88.3M | ||
| Q2 24 | $45.2M | $613.0K | ||
| Q1 24 | $41.5M | $33.6M |
| Q4 25 | 17.1% | 2.0% | ||
| Q3 25 | 14.7% | 8.4% | ||
| Q2 25 | 7.8% | -0.9% | ||
| Q1 25 | 12.5% | 10.8% | ||
| Q4 24 | 11.8% | -6.9% | ||
| Q3 24 | 12.7% | 8.3% | ||
| Q2 24 | 11.3% | 0.1% | ||
| Q1 24 | 11.0% | 3.1% |
| Q4 25 | 13.9% | 1.5% | ||
| Q3 25 | 15.1% | 1.8% | ||
| Q2 25 | 11.7% | 1.6% | ||
| Q1 25 | 17.9% | 0.9% | ||
| Q4 24 | 15.9% | 1.1% | ||
| Q3 24 | 11.7% | 1.7% | ||
| Q2 24 | 7.4% | 1.3% | ||
| Q1 24 | 8.5% | 1.1% |
| Q4 25 | — | 2.11× | ||
| Q3 25 | — | 8.96× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 5.56× | ||
| Q4 24 | — | -2.00× | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | — | 0.44× | ||
| Q1 24 | — | 1.64× |
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% |
UPBD
Segment breakdown not available.
