Cloudflare, Inc.
—- Market cap
- —
- Debt
- —
- Cash
- −$943.54M
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: NET stock price vs LMT: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at LMT's multiple
Needs Revenue / share, LMT P/S.
Implied fair value · at NET's multiple
Needs NET P/S.
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Lower is better
Not comparable
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Eight period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Complete market value, debt and cash evidence is required for enterprise value.
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Cloudflare, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
LOCKHEED MARTIN CORPORATION · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
AKAMAI TECHNOLOGIES INC
NET vs AKAM
Zscaler, Inc.
NET vs ZS
CrowdStrike Holdings, Inc.
NET vs CRWD
Datadog, Inc.
NET vs DDOG
BOEING CO
NET vs BA
NORTHROP GRUMMAN CORP /DE/
NET vs NOC
TEXTRON INC
NET vs TXT
HUNTINGTON INGALLS INDUSTRIES, INC.
NET vs HII
AXON ENTERPRISE, INC.
NET vs AXON
Howmet Aerospace Inc.
NET vs HWM
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe NET can rapidly convert its strong revenue growth and gross margin into sustained operating profitability, then avoid using LMT-style LMT multiples to value it; otherwise, the current valuation looks difficult to defend because NET trades at 45.5x P/S with negative margins while LMT is profitable at 1.8x P/S.
NET’s current price of $282.86 implies a P/S-based fair value of just $11.21, or -96.0% downside, versus LMT. The gap is driven by NET’s much richer revenue multiple rather than operating performance that would normally support it.
Supporting Metrics