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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $339.5M, roughly 1.8× Westrock Coffee Co). Cloudflare, Inc. runs the higher net margin — -2.0% vs -6.6%, a 4.7% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 33.6%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $27.8M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs 27.4%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
NET vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $339.5M |
| Net Profit | $-12.1M | $-22.6M |
| Gross Margin | 73.6% | 11.5% |
| Operating Margin | -8.0% | -2.6% |
| Net Margin | -2.0% | -6.6% |
| Revenue YoY | 33.6% | 48.3% |
| Net Profit YoY | 6.0% | 8.3% |
| EPS (diluted) | $-0.03 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $562.0M | $354.8M | ||
| Q2 25 | $512.3M | $280.9M | ||
| Q1 25 | $479.1M | $213.8M | ||
| Q4 24 | $459.9M | $229.0M | ||
| Q3 24 | $430.1M | $220.9M | ||
| Q2 24 | $401.0M | $208.4M | ||
| Q1 24 | $378.6M | $192.5M |
| Q4 25 | $-12.1M | $-22.6M | ||
| Q3 25 | $-1.3M | $-19.1M | ||
| Q2 25 | $-50.4M | $-21.6M | ||
| Q1 25 | $-38.5M | $-27.2M | ||
| Q4 24 | $-12.8M | $-24.6M | ||
| Q3 24 | $-15.3M | $-14.3M | ||
| Q2 24 | $-15.1M | $-17.8M | ||
| Q1 24 | $-35.5M | $-23.7M |
| Q4 25 | 73.6% | 11.5% | ||
| Q3 25 | 74.0% | 11.7% | ||
| Q2 25 | 74.9% | 14.7% | ||
| Q1 25 | 75.9% | 13.6% | ||
| Q4 24 | 76.4% | 16.6% | ||
| Q3 24 | 77.7% | 16.8% | ||
| Q2 24 | 77.8% | 19.9% | ||
| Q1 24 | 77.5% | 19.4% |
| Q4 25 | -8.0% | -2.6% | ||
| Q3 25 | -6.7% | -2.4% | ||
| Q2 25 | -13.1% | -5.3% | ||
| Q1 25 | -11.1% | -6.1% | ||
| Q4 24 | -7.5% | -4.3% | ||
| Q3 24 | -7.2% | -5.8% | ||
| Q2 24 | -8.7% | -7.9% | ||
| Q1 24 | -14.4% | -5.3% |
| Q4 25 | -2.0% | -6.6% | ||
| Q3 25 | -0.2% | -5.4% | ||
| Q2 25 | -9.8% | -7.7% | ||
| Q1 25 | -8.0% | -12.7% | ||
| Q4 24 | -2.8% | -10.7% | ||
| Q3 24 | -3.6% | -6.5% | ||
| Q2 24 | -3.8% | -8.5% | ||
| Q1 24 | -9.4% | -12.3% |
| Q4 25 | $-0.03 | $-0.22 | ||
| Q3 25 | $0.00 | $-0.20 | ||
| Q2 25 | $-0.15 | $-0.23 | ||
| Q1 25 | $-0.11 | $-0.29 | ||
| Q4 24 | $-0.05 | $-0.26 | ||
| Q3 24 | $-0.04 | $-0.16 | ||
| Q2 24 | $-0.04 | $-0.20 | ||
| Q1 24 | $-0.10 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | — | $444.1M |
| Stockholders' EquityBook value | $1.5B | $-1.9M |
| Total Assets | $6.0B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $49.9M | ||
| Q3 25 | $1.1B | $34.0M | ||
| Q2 25 | $1.5B | $44.0M | ||
| Q1 25 | $204.5M | $33.1M | ||
| Q4 24 | $147.7M | $26.2M | ||
| Q3 24 | $182.9M | $22.4M | ||
| Q2 24 | $157.0M | $24.3M | ||
| Q1 24 | $254.4M | $12.6M |
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $-1.9M | ||
| Q3 25 | $1.3B | $11.4M | ||
| Q2 25 | $1.2B | $18.2M | ||
| Q1 25 | $1.4B | $71.4M | ||
| Q4 24 | $1.0B | $97.5M | ||
| Q3 24 | $973.1M | $110.3M | ||
| Q2 24 | $881.5M | $81.5M | ||
| Q1 24 | $797.2M | $91.7M |
| Q4 25 | $6.0B | $1.2B | ||
| Q3 25 | $5.8B | $1.2B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $3.3B | $1.1B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $2.9B | $1.1B | ||
| Q1 24 | $2.8B | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $36.7M |
| Free Cash FlowOCF − Capex | $105.2M | $27.8M |
| FCF MarginFCF / Revenue | 17.1% | 8.2% |
| Capex IntensityCapex / Revenue | 13.9% | 2.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $36.7M | ||
| Q3 25 | $167.1M | $-26.6M | ||
| Q2 25 | $99.8M | $-7.0M | ||
| Q1 25 | $145.8M | $-22.1M | ||
| Q4 24 | $127.3M | $2.8M | ||
| Q3 24 | $104.7M | $-332.0K | ||
| Q2 24 | $74.8M | $-23.7M | ||
| Q1 24 | $73.6M | $8.0M |
| Q4 25 | $105.2M | $27.8M | ||
| Q3 25 | $82.5M | $-44.7M | ||
| Q2 25 | $39.9M | $-27.5M | ||
| Q1 25 | $59.9M | $-63.4M | ||
| Q4 24 | $54.2M | $-15.4M | ||
| Q3 24 | $54.5M | $-36.7M | ||
| Q2 24 | $45.2M | $-59.9M | ||
| Q1 24 | $41.5M | $-60.9M |
| Q4 25 | 17.1% | 8.2% | ||
| Q3 25 | 14.7% | -12.6% | ||
| Q2 25 | 7.8% | -9.8% | ||
| Q1 25 | 12.5% | -29.7% | ||
| Q4 24 | 11.8% | -6.7% | ||
| Q3 24 | 12.7% | -16.6% | ||
| Q2 24 | 11.3% | -28.7% | ||
| Q1 24 | 11.0% | -31.7% |
| Q4 25 | 13.9% | 2.6% | ||
| Q3 25 | 15.1% | 5.1% | ||
| Q2 25 | 11.7% | 7.3% | ||
| Q1 25 | 17.9% | 19.3% | ||
| Q4 24 | 15.9% | 7.9% | ||
| Q3 24 | 11.7% | 16.5% | ||
| Q2 24 | 7.4% | 17.4% | ||
| Q1 24 | 8.5% | 35.8% |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
