vs
Side-by-side financial comparison of Cloudflare, Inc. (NET) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $382.1M, roughly 1.6× EXPRO GROUP HOLDINGS N.V.). EXPRO GROUP HOLDINGS N.V. runs the higher net margin — 1.5% vs -2.0%, a 3.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs -12.5%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $23.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs -0.2%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
NET vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $382.1M |
| Net Profit | $-12.1M | $5.8M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | 3.1% |
| Net Margin | -2.0% | 1.5% |
| Revenue YoY | 33.6% | -12.5% |
| Net Profit YoY | 6.0% | -74.9% |
| EPS (diluted) | $-0.03 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $562.0M | $411.4M | ||
| Q2 25 | $512.3M | $422.7M | ||
| Q1 25 | $479.1M | $390.9M | ||
| Q4 24 | $459.9M | $436.8M | ||
| Q3 24 | $430.1M | $422.8M | ||
| Q2 24 | $401.0M | $469.6M | ||
| Q1 24 | $378.6M | $383.5M |
| Q4 25 | $-12.1M | $5.8M | ||
| Q3 25 | $-1.3M | $14.0M | ||
| Q2 25 | $-50.4M | $18.0M | ||
| Q1 25 | $-38.5M | $13.9M | ||
| Q4 24 | $-12.8M | $23.0M | ||
| Q3 24 | $-15.3M | $16.3M | ||
| Q2 24 | $-15.1M | $15.3M | ||
| Q1 24 | $-35.5M | $-2.7M |
| 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 24 | 77.5% | — |
| Q4 25 | -8.0% | 3.1% | ||
| Q3 25 | -6.7% | 6.4% | ||
| Q2 25 | -13.1% | 7.7% | ||
| Q1 25 | -11.1% | 2.6% | ||
| Q4 24 | -7.5% | 7.3% | ||
| Q3 24 | -7.2% | 6.2% | ||
| Q2 24 | -8.7% | 5.9% | ||
| Q1 24 | -14.4% | 2.2% |
| Q4 25 | -2.0% | 1.5% | ||
| Q3 25 | -0.2% | 3.4% | ||
| Q2 25 | -9.8% | 4.3% | ||
| Q1 25 | -8.0% | 3.6% | ||
| Q4 24 | -2.8% | 5.3% | ||
| Q3 24 | -3.6% | 3.8% | ||
| Q2 24 | -3.8% | 3.3% | ||
| Q1 24 | -9.4% | -0.7% |
| Q4 25 | $-0.03 | $0.05 | ||
| Q3 25 | $0.00 | $0.12 | ||
| Q2 25 | $-0.15 | $0.16 | ||
| Q1 25 | $-0.11 | $0.12 | ||
| Q4 24 | $-0.05 | $0.20 | ||
| Q3 24 | $-0.04 | $0.14 | ||
| Q2 24 | $-0.04 | $0.13 | ||
| Q1 24 | $-0.10 | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | — | $79.1M |
| Stockholders' EquityBook value | $1.5B | $1.5B |
| Total Assets | $6.0B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $196.1M | ||
| Q3 25 | $1.1B | $197.9M | ||
| Q2 25 | $1.5B | $206.8M | ||
| Q1 25 | $204.5M | $179.3M | ||
| Q4 24 | $147.7M | $183.0M | ||
| Q3 24 | $182.9M | $165.7M | ||
| Q2 24 | $157.0M | $133.5M | ||
| Q1 24 | $254.4M | $163.2M |
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $973.1M | $1.5B | ||
| Q2 24 | $881.5M | $1.5B | ||
| Q1 24 | $797.2M | $1.3B |
| Q4 25 | $6.0B | $2.3B | ||
| Q3 25 | $5.8B | $2.3B | ||
| Q2 25 | $5.6B | $2.3B | ||
| Q1 25 | $3.7B | $2.3B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.1B | $2.3B | ||
| Q2 24 | $2.9B | $2.3B | ||
| Q1 24 | $2.8B | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $105.2M | $23.2M |
| FCF MarginFCF / Revenue | 17.1% | 6.1% |
| Capex IntensityCapex / Revenue | 13.9% | 8.9% |
| Cash ConversionOCF / Net Profit | — | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $57.1M | ||
| Q3 25 | $167.1M | $63.2M | ||
| Q2 25 | $99.8M | $48.4M | ||
| Q1 25 | $145.8M | $41.5M | ||
| Q4 24 | $127.3M | $97.4M | ||
| Q3 24 | $104.7M | $55.3M | ||
| Q2 24 | $74.8M | $-13.2M | ||
| Q1 24 | $73.6M | $29.9M |
| Q4 25 | $105.2M | $23.2M | ||
| Q3 25 | $82.5M | $39.0M | ||
| Q2 25 | $39.9M | $27.2M | ||
| Q1 25 | $59.9M | $8.4M | ||
| Q4 24 | $54.2M | $53.0M | ||
| Q3 24 | $54.5M | $23.3M | ||
| Q2 24 | $45.2M | $-49.5M | ||
| Q1 24 | $41.5M | $-801.0K |
| Q4 25 | 17.1% | 6.1% | ||
| Q3 25 | 14.7% | 9.5% | ||
| Q2 25 | 7.8% | 6.4% | ||
| Q1 25 | 12.5% | 2.1% | ||
| Q4 24 | 11.8% | 12.1% | ||
| Q3 24 | 12.7% | 5.5% | ||
| Q2 24 | 11.3% | -10.5% | ||
| Q1 24 | 11.0% | -0.2% |
| Q4 25 | 13.9% | 8.9% | ||
| Q3 25 | 15.1% | 5.9% | ||
| Q2 25 | 11.7% | 5.0% | ||
| Q1 25 | 17.9% | 8.5% | ||
| Q4 24 | 15.9% | 10.2% | ||
| Q3 24 | 11.7% | 7.6% | ||
| Q2 24 | 7.4% | 7.7% | ||
| Q1 24 | 8.5% | 8.0% |
| Q4 25 | — | 9.89× | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| Q1 24 | — | — |
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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
