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. Explore Cloudflare Inc (NET) cash flow conversion to assess how effectively this company generates 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. Explore long-term investment intensity of Cloudflare Inc to see how much of total assets are deployed in long-term investments.

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

Year-by-year capital reinvestment analysis for Cloudflare Inc. For live market cap and broader valuation context, see NET market cap overview.

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