Company / Gross Margin
Cloudflare, Inc. Gross Margin History
FY2017-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
74.5%
FY2025
5-year range
74.5% / 77.6%
FY2021-FY2025
Trend
-3.6%
vs FY2024
Sector context
#51 of 223
Information Technology
What the data says
Cloudflare, Inc.'s gross margin of 74.5% is higher than 77% of companies in the Information Technology sector (FY2025). Gross Margin remained relatively stable over the past 9 years, with values between 74.5% and 78.7%.
Based on SEC 10-K filings.
74.5% in FY2025 with a 5-year CAGR of -2.0%. Top quartile in the Information Technology sector.
Declined from 76.3% to 74.5% over the past 2 years.
Information Technology sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- -1.6pp
- 5-Year Change
- -2.0pp
- 10-Year Change
- -
Sector benchmark
+38.8% above sector average
Key checks
Key Insights
- In FY2025, gross margin decreased 3.6% year-over-year.
- Currently 20.8pp above the Information Technology sector average.
- Peak gross margin was recorded in FY2017.
Company context
Key Data Points
- Altman Z-Score 0.49 (distress zone, below 1.8 threshold)
- Negative profit margin: -5.1%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 74.5% | -3.6% |
| FY2024 | 77.3% | +1.3% |
| FY2023 | 76.3% | +0.2% |
| FY2022 | 76.1% | -1.9% |
| FY2021 | 77.6% | +1.3% |
| FY2020 | 76.6% | -1.7% |
| FY2019 | 77.9% | +0.6% |
| FY2018 | 77.4% | -1.6% |
| FY2017 | 78.7% | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026