Strategy (MSTR) vs Cloudflare (NET)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cloudflare (NET) has outperformed Strategy (MSTR) over the past year, gaining 57.8% versus a loss of 53.3%. Over five years, MSTR leads with a +104.5% price change compared with +104.5% for NET. Cloudflare is the larger company by market cap ($122.12 billion vs $61.16 billion), about 2.0 times the size.
On valuation, Strategy trades at a lower forward P/E (3.1x vs 204.6x for Cloudflare). Cloudflare converts more of its revenue into profit, with a net margin of -4.7% versus -806.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MSTR | NET |
|---|---|---|
| Share price | $153.37 | $342.97 |
| Market cap | $61.16B | $122.12B |
| 1-day change | -6.79% | -3.39% |
| YTD return | +0.93% | +73.96% |
| 1-year return | -53.30% | +57.77% |
| 5-year return | +104.53% | +104.53% |
| Forward P/E | 3.10 | 204.62 |
| EPS (TTM) | $-99.08 | $-0.58 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $477.23M | $2.17B |
| Revenue growth (YoY) | +2.97% | +29.85% |
| Net income (latest FY) | $-3.85B | $-102.27M |
| Gross margin | 68.69% | 74.51% |
| Operating margin | -1140.82% | -9.56% |
| Net margin | -806.35% | -4.72% |
| 52-week high | $328.99 | $370.35 |
| 52-week low | $81.81 | $158.83 |
| Distance from 52-week high | -53.38% | -7.39% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +54.40% | -0.95% |
| Average volume | 21.60M | 3.33M |
| Shares outstanding | 379.11M | 322.62M |
| Employees | 1,539 | 5,156 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NET has outperformed MSTR by 111.1 percentage points over the past year.
- Cloudflare is more profitable, keeping -4.7 cents of every revenue dollar as net income versus -806.3 cents for Strategy.
- Cloudflare grew revenue faster in its latest fiscal year (+29.85% vs +2.97%).
About Strategy
MSTR stock →Strategy Inc, together with its subsidiaries, operates as a bitcoin treasury company in the United States, Europe, the Middle East, Africa, and internationally. It offers investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed income instruments.
Technology · Computer Software: Prepackaged Software · 1,539 employees
About Cloudflare
NET stock →Cloudflare, Inc. operates as a cloud services provider that delivers a range of services to businesses worldwide.
Technology · Computer Software: Prepackaged Software · 5,156 employees
MSTR vs NET FAQ
Which is bigger, Strategy or Cloudflare?
Cloudflare (NET) is larger, with a market capitalization of $122.12B compared with $61.16B for Strategy (MSTR).
Which stock has performed better over the past year, MSTR or NET?
NET returned +57.77% over the past 12 months, compared with -53.30% for MSTR (price return, excluding dividends). Past performance does not predict future results.
Are Strategy and Cloudflare in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.