NET FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
NET's fcf yield is higher than 65% of the last 10 years.
FCF Yield History
NET FCF Yield by year
Yearly range of NET’s fcf yield from 2019 to 2026. Over the full period it ranged from -2.3% to 0.6%, averaging -0.1%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 0.3% | 0.4% | 0.6% | 0.4% |
| 2025 | 0.2% | 0.3% | 0.6% | 0.5% |
| 2024 | 0.3% | 0.5% | 0.6% | 0.5% |
| 2023 | -0.3% | 0.2% | 0.6% | 0.4% |
| 2022 | -0.8% | -0.4% | -0.1% | -0.4% |
| 2021 | -0.5% | -0.2% | -0.1% | -0.1% |
| 2020 | -2.1% | -1.1% | -0.4% | -0.4% |
| 2019 | -2.3% | -2.0% | -1.5% | -1.9% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is NET FCF Yield High or Low Right Now?
Cloudflare, Inc.'s FCF Yield is currently 0.4%, which is above average relative to its 10-year historical range. The 10-year median FCF Yield for NET is approximately 0.1%. See all NET valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.