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Side-by-side financial comparison of Cloudflare, Inc. (NET) and WEBSTER FINANCIAL CORP (WBS). Click either name above to swap in a different company.
WEBSTER FINANCIAL CORP is the larger business by last-quarter revenue ($735.9M vs $614.5M, roughly 1.2× Cloudflare, Inc.). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs -2.0%, a 35.4% gap on every dollar of revenue. Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 9.4%).
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.
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.
NET vs WBS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $735.9M |
| Net Profit | $-12.1M | $246.2M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | — |
| Net Margin | -2.0% | 33.5% |
| Revenue YoY | 33.6% | — |
| Net Profit YoY | 6.0% | 8.5% |
| EPS (diluted) | $-0.03 | $1.50 |
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 | — | $735.9M | ||
| Q4 25 | $614.5M | $746.2M | ||
| Q3 25 | $562.0M | $732.6M | ||
| Q2 25 | $512.3M | $715.8M | ||
| Q1 25 | $479.1M | $704.8M | ||
| Q4 24 | $459.9M | $661.0M | ||
| Q3 24 | $430.1M | $647.6M | ||
| Q2 24 | $401.0M | $614.6M |
| Q1 26 | — | $246.2M | ||
| Q4 25 | $-12.1M | $255.8M | ||
| Q3 25 | $-1.3M | $261.2M | ||
| Q2 25 | $-50.4M | $258.8M | ||
| Q1 25 | $-38.5M | $226.9M | ||
| Q4 24 | $-12.8M | $177.8M | ||
| Q3 24 | $-15.3M | $193.0M | ||
| Q2 24 | $-15.1M | $181.6M |
| 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 | — | — | ||
| Q4 25 | -8.0% | 48.6% | ||
| Q3 25 | -6.7% | 51.3% | ||
| Q2 25 | -13.1% | 51.7% | ||
| Q1 25 | -11.1% | 51.2% | ||
| Q4 24 | -7.5% | 48.5% | ||
| Q3 24 | -7.2% | 46.1% | ||
| Q2 24 | -8.7% | 47.0% |
| Q1 26 | — | 33.5% | ||
| Q4 25 | -2.0% | 34.3% | ||
| Q3 25 | -0.2% | 35.7% | ||
| Q2 25 | -9.8% | 36.2% | ||
| Q1 25 | -8.0% | 32.2% | ||
| Q4 24 | -2.8% | 26.9% | ||
| Q3 24 | -3.6% | 29.8% | ||
| Q2 24 | -3.8% | 29.6% |
| Q1 26 | — | $1.50 | ||
| Q4 25 | $-0.03 | $1.54 | ||
| Q3 25 | $0.00 | $1.54 | ||
| Q2 25 | $-0.15 | $1.52 | ||
| Q1 25 | $-0.11 | $1.30 | ||
| Q4 24 | $-0.05 | $1.01 | ||
| Q3 24 | $-0.04 | $1.10 | ||
| Q2 24 | $-0.04 | $1.03 |
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 | — |
| Total DebtLower is stronger | — | $738.3M |
| Stockholders' EquityBook value | $1.5B | $9.6B |
| Total Assets | $6.0B | $85.6B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $943.5M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $204.5M | — | ||
| Q4 24 | $147.7M | — | ||
| Q3 24 | $182.9M | — | ||
| Q2 24 | $157.0M | — |
| Q1 26 | — | $738.3M | ||
| Q4 25 | — | $739.5M | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $905.6M | ||
| Q1 25 | — | $907.4M | ||
| Q4 24 | — | $909.2M | ||
| Q3 24 | — | $911.0M | ||
| Q2 24 | — | $912.7M |
| Q1 26 | — | $9.6B | ||
| Q4 25 | $1.5B | $9.5B | ||
| Q3 25 | $1.3B | $9.5B | ||
| Q2 25 | $1.2B | $9.3B | ||
| Q1 25 | $1.4B | $9.2B | ||
| Q4 24 | $1.0B | $9.1B | ||
| Q3 24 | $973.1M | $9.2B | ||
| Q2 24 | $881.5M | $8.8B |
| Q1 26 | — | $85.6B | ||
| Q4 25 | $6.0B | $84.1B | ||
| Q3 25 | $5.8B | $83.2B | ||
| Q2 25 | $5.6B | $81.9B | ||
| Q1 25 | $3.7B | $80.3B | ||
| Q4 24 | $3.3B | $79.0B | ||
| Q3 24 | $3.1B | $79.5B | ||
| Q2 24 | $2.9B | $76.8B |
| Q1 26 | — | 0.08× | ||
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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 | $1.1B | ||
| Q3 25 | $167.1M | $374.7M | ||
| Q2 25 | $99.8M | $270.9M | ||
| Q1 25 | $145.8M | $94.9M | ||
| Q4 24 | $127.3M | $1.4B | ||
| Q3 24 | $104.7M | $45.3M | ||
| Q2 24 | $74.8M | $224.0M |
| Q1 26 | — | — | ||
| Q4 25 | $105.2M | $1.0B | ||
| Q3 25 | $82.5M | $362.5M | ||
| Q2 25 | $39.9M | $257.7M | ||
| Q1 25 | $59.9M | $86.6M | ||
| Q4 24 | $54.2M | $1.4B | ||
| Q3 24 | $54.5M | $35.3M | ||
| Q2 24 | $45.2M | $215.6M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 135.2% | ||
| Q3 25 | 14.7% | 49.5% | ||
| Q2 25 | 7.8% | 36.0% | ||
| Q1 25 | 12.5% | 12.3% | ||
| Q4 24 | 11.8% | 207.0% | ||
| Q3 24 | 12.7% | 5.4% | ||
| Q2 24 | 11.3% | 35.1% |
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 6.6% | ||
| Q3 25 | 15.1% | 1.7% | ||
| Q2 25 | 11.7% | 1.8% | ||
| Q1 25 | 17.9% | 1.2% | ||
| Q4 24 | 15.9% | 5.4% | ||
| Q3 24 | 11.7% | 1.5% | ||
| Q2 24 | 7.4% | 1.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.14× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 7.90× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 1.23× |
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% |
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 14% |
