Cloudflare (NET) vs ServiceNow (NOW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Cloudflare (NET) has outperformed ServiceNow (NOW) over the past year, gaining 57.8% versus a loss of 23.8%. Over five years, NET leads with a +104.5% price change compared with +3.9% for NOW. ServiceNow is the larger company by market cap ($142.54 billion vs $122.12 billion), about 1.2 times the size, while Cloudflare is growing revenue faster (+29.8% vs +20.9%).
On valuation, ServiceNow trades at a lower forward P/E (27.5x vs 204.6x for Cloudflare). ServiceNow converts more of its revenue into profit, with a net margin of 13.2% versus -4.7%.
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 | NET | NOW |
|---|---|---|
| Share price | $342.97 | $137.87 |
| Market cap | $122.12B | $142.54B |
| 1-day change | -3.39% | -0.07% |
| YTD return | +73.96% | -10.00% |
| 1-year return | +57.77% | -23.76% |
| 5-year return | +104.53% | +3.95% |
| P/E ratio (TTM) | — | 86.17 |
| Forward P/E | 204.62 | 27.54 |
| EPS (TTM) | $-0.58 | $1.60 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $2.17B | $13.28B |
| Revenue growth (YoY) | +29.85% | +20.88% |
| Net income (latest FY) | $-102.27M | $1.75B |
| Gross margin | 74.51% | 77.53% |
| Operating margin | -9.56% | 13.74% |
| Net margin | -4.72% | 13.16% |
| 52-week high | $370.35 | $192.97 |
| 52-week low | $158.83 | $81.24 |
| Distance from 52-week high | -7.39% | -28.55% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | -0.95% | +6.43% |
| Average volume | 3.35M | 17.87M |
| Shares outstanding | 322.62M | 1.03B |
| Employees | 5,156 | 29,187 |
| 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 NOW by 81.5 percentage points over the past year.
- ServiceNow is more profitable, keeping 13.2 cents of every revenue dollar as net income versus -4.7 cents for Cloudflare.
- Cloudflare grew revenue faster in its latest fiscal year (+29.85% vs +20.88%).
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
About ServiceNow
NOW stock →ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Brazil, Europe, the Middle East and Africa, Asia Pacific, and internationally.
Technology · Computer Software: Prepackaged Software · 29,187 employees
NET vs NOW FAQ
Which is bigger, Cloudflare or ServiceNow?
ServiceNow (NOW) is larger, with a market capitalization of $142.54B compared with $122.12B for Cloudflare (NET).
Which stock has performed better over the past year, NET or NOW?
NET returned +57.77% over the past 12 months, compared with -23.76% for NOW (price return, excluding dividends). Past performance does not predict future results.
Are Cloudflare and ServiceNow in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.