Akamai Technologies vs Cloudflare
Akamai Technologies is the larger business, with $4.21bn of revenue in fiscal 2025 against $2.17bn for Cloudflare (1.9 times as much). Cloudflare grew faster (29.8% against 5.4%). Akamai Technologies kept more of each dollar of sales as profit: a net margin of 10.7% against -4.7%. Akamai Technologies carries less debt relative to equity (82.5% against 223.8%).
| Latest fiscal year | Akamai TechnologiesAKAM, 2025 | CloudflareNET, 2025 |
|---|---|---|
| Revenue | $4.21bn | $2.17bn |
| Revenue growth | 5.4% | 29.8% |
| Net income | $452m | −$102m |
| Operating margin | 13.5% | -9.6% |
| Net margin | 10.7% | -4.7% |
| Return on equity | 9.2% | -8.2% |
| Free cash flow | $1.01bn | $287m |
| Cash | $930m | $944m |
| Total debt | $4.11bn | $3.27bn |
| Debt to equity | 82.5% | 223.8% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $800m | $0 |
| Employees | 11,000 | 5,156 |
| Market value | $12.32bn | $96.96bn |
| Price vs our value range | Within our value range | — |
| Moat score | 77 (Strong) | 42 (Weak) |
| Insider trades, 12 months | 0 buys, 34 sales | 0 buys, 835 sales |