Akamai Technologies vs Cloudflare
Akamai Technologies reported revenue of $4.2 billion in fiscal 2025, 1.9 times Cloudflare's $2.2 billion in fiscal 2025. Akamai Technologies' revenue grew 5.4% in its latest year, and Cloudflare's grew 29.9%. Akamai Technologies had an operating margin of 13.5%, against -9.6% at Cloudflare. Free cash flow was $1.0 billion at Akamai Technologies and $288 million at Cloudflare.
Side by side
| Akamai Technologies | Cloudflare | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $4.2B | $2.2B |
| Revenue growth | 5.4% | 29.9% |
| Revenue growth a year, last 5 years | 5.6% | 38.1% |
| Gross margin | 59.0% | 74.5% |
| Operating margin | 13.5% | −9.6% |
| Net margin | 10.7% | −4.7% |
| Free cash flow | $1.0B | $288M |
| Free cash flow margin | 24.0% | 13.3% |
| Return on capital | 6.3% | −29.7% |
| Net debt to EBITDA | 2.3x | — |
| Dividends and buybacks | $800M | $0M |
| Change in diluted share count | −4.7% | 2.0% |
| Last close | $98.50 | $331.86 |
| P/E at the last close | 35.6× | — |
| Insider trades, last 12 months | sold $17.1 million | sold $664.8 million |
| Piotroski F-score | 6 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Akamai TechnologiesCloudflare
Operating margin
Percent of revenue
Akamai TechnologiesCloudflare
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Akamai TechnologiesCloudflare
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Akamai Technologies and Cloudflare pages.