Cloudflare Inc (NET) — Cash Flow Reinvestment Rate

Latest as of September 2025: 4.27x

Cloudflare Inc (NET) has a Cash Flow Reinvestment Rate of 4.27x as of September 2025, reinvesting $714.16 Million (capex $84.64 Million plus investments $-629.52 Million) from operating cash flow of $167.12 Million. See NET cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

4.27x
(Capex + Investments) / Operating CF

Total Reinvested

$714.16 Million
Capex + Investments

Operating Cash Flow

$167.12 Million
USD

Capital Expenditures

$84.64 Million
USD

Cloudflare Inc Cash Flow Reinvestment Rate (2017–2024)

Historical reinvestment intensity for Cloudflare Inc across 5 annual periods. For the full cash flow conversion analysis, see NET cash generation efficiency.

Annual Cash Flow Reinvestment Rate for Cloudflare Inc (2017–2024)

Year-by-year capital reinvestment analysis for Cloudflare Inc. See Cloudflare Inc financial flexibility index to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2024 1.35x $515.26 Million $380.43 Million $185.04 Million ▲ +43.9%
2023 0.94x $239.45 Million $254.41 Million $134.94 Million ▼ -70.8%
2022 3.23x $399.06 Million $123.59 Million $163.36 Million ▼ -70.3%
2021 10.89x $703.77 Million $64.65 Million $107.74 Million ▼ -38.1%
2017 17.59x $55.72 Million $3.17 Million $22.98 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow