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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Vontier Corp (VNT). Click either name above to swap in a different company.
Vontier Corp is the larger business by last-quarter revenue ($808.5M vs $614.5M, roughly 1.3× Cloudflare, Inc.). Vontier Corp runs the higher net margin — 15.3% vs -2.0%, a 17.2% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 4.1%). Vontier Corp produced more free cash flow last quarter ($174.8M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 3.4%).
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.
Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).
NET vs VNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $808.5M |
| Net Profit | $-12.1M | $123.5M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | 18.9% |
| Net Margin | -2.0% | 15.3% |
| Revenue YoY | 33.6% | 4.1% |
| Net Profit YoY | 6.0% | 0.0% |
| EPS (diluted) | $-0.03 | $0.85 |
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 | $808.5M | ||
| Q3 25 | $562.0M | $752.5M | ||
| Q2 25 | $512.3M | $773.5M | ||
| Q1 25 | $479.1M | $741.1M | ||
| Q4 24 | $459.9M | $776.8M | ||
| Q3 24 | $430.1M | $750.0M | ||
| Q2 24 | $401.0M | $696.4M | ||
| Q1 24 | $378.6M | $755.8M |
| Q4 25 | $-12.1M | $123.5M | ||
| Q3 25 | $-1.3M | $102.8M | ||
| Q2 25 | $-50.4M | $91.9M | ||
| Q1 25 | $-38.5M | $87.9M | ||
| Q4 24 | $-12.8M | $123.5M | ||
| Q3 24 | $-15.3M | $91.8M | ||
| Q2 24 | $-15.1M | $70.1M | ||
| Q1 24 | $-35.5M | $136.8M |
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | 47.3% | ||
| Q2 25 | 74.9% | 47.9% | ||
| Q1 25 | 75.9% | 47.3% | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | 47.2% | ||
| Q2 24 | 77.8% | 48.2% | ||
| Q1 24 | 77.5% | 49.2% |
| Q4 25 | -8.0% | 18.9% | ||
| Q3 25 | -6.7% | 18.9% | ||
| Q2 25 | -13.1% | 17.6% | ||
| Q1 25 | -11.1% | 17.6% | ||
| Q4 24 | -7.5% | 19.2% | ||
| Q3 24 | -7.2% | 17.5% | ||
| Q2 24 | -8.7% | 16.4% | ||
| Q1 24 | -14.4% | 18.8% |
| Q4 25 | -2.0% | 15.3% | ||
| Q3 25 | -0.2% | 13.7% | ||
| Q2 25 | -9.8% | 11.9% | ||
| Q1 25 | -8.0% | 11.9% | ||
| Q4 24 | -2.8% | 15.9% | ||
| Q3 24 | -3.6% | 12.2% | ||
| Q2 24 | -3.8% | 10.1% | ||
| Q1 24 | -9.4% | 18.1% |
| Q4 25 | $-0.03 | $0.85 | ||
| Q3 25 | $0.00 | $0.70 | ||
| Q2 25 | $-0.15 | $0.62 | ||
| Q1 25 | $-0.11 | $0.59 | ||
| Q4 24 | $-0.05 | $0.82 | ||
| Q3 24 | $-0.04 | $0.60 | ||
| Q2 24 | $-0.04 | $0.45 | ||
| Q1 24 | $-0.10 | $0.88 |
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 | $492.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $1.2B |
| Total Assets | $6.0B | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $492.2M | ||
| Q3 25 | $1.1B | $433.8M | ||
| Q2 25 | $1.5B | $364.2M | ||
| Q1 25 | $204.5M | $333.6M | ||
| Q4 24 | $147.7M | $356.4M | ||
| Q3 24 | $182.9M | $330.9M | ||
| Q2 24 | $157.0M | $331.3M | ||
| Q1 24 | $254.4M | $406.0M |
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.4B | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $973.1M | $1.0B | ||
| Q2 24 | $881.5M | $1.0B | ||
| Q1 24 | $797.2M | $984.9M |
| Q4 25 | $6.0B | $4.4B | ||
| Q3 25 | $5.8B | $4.4B | ||
| Q2 25 | $5.6B | $4.4B | ||
| Q1 25 | $3.7B | $4.3B | ||
| Q4 24 | $3.3B | $4.3B | ||
| Q3 24 | $3.1B | $4.3B | ||
| Q2 24 | $2.9B | $4.2B | ||
| Q1 24 | $2.8B | $4.3B |
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 | $190.1M |
| Free Cash FlowOCF − Capex | $105.2M | $174.8M |
| FCF MarginFCF / Revenue | 17.1% | 21.6% |
| Capex IntensityCapex / Revenue | 13.9% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 1.54× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $441.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $190.1M | ||
| Q3 25 | $167.1M | $110.5M | ||
| Q2 25 | $99.8M | $100.0M | ||
| Q1 25 | $145.8M | $110.4M | ||
| Q4 24 | $127.3M | $168.1M | ||
| Q3 24 | $104.7M | $121.8M | ||
| Q2 24 | $74.8M | $46.1M | ||
| Q1 24 | $73.6M | $91.5M |
| Q4 25 | $105.2M | $174.8M | ||
| Q3 25 | $82.5M | $90.3M | ||
| Q2 25 | $39.9M | $83.3M | ||
| Q1 25 | $59.9M | $92.7M | ||
| Q4 24 | $54.2M | $148.0M | ||
| Q3 24 | $54.5M | $103.2M | ||
| Q2 24 | $45.2M | $22.3M | ||
| Q1 24 | $41.5M | $71.3M |
| Q4 25 | 17.1% | 21.6% | ||
| Q3 25 | 14.7% | 12.0% | ||
| Q2 25 | 7.8% | 10.8% | ||
| Q1 25 | 12.5% | 12.5% | ||
| Q4 24 | 11.8% | 19.1% | ||
| Q3 24 | 12.7% | 13.8% | ||
| Q2 24 | 11.3% | 3.2% | ||
| Q1 24 | 11.0% | 9.4% |
| Q4 25 | 13.9% | 1.9% | ||
| Q3 25 | 15.1% | 2.7% | ||
| Q2 25 | 11.7% | 2.2% | ||
| Q1 25 | 17.9% | 2.4% | ||
| Q4 24 | 15.9% | 2.6% | ||
| Q3 24 | 11.7% | 2.5% | ||
| Q2 24 | 7.4% | 3.4% | ||
| Q1 24 | 8.5% | 2.7% |
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
