Cloudflare (NET) vs Snowflake (SNOW)
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 Snowflake (SNOW) over the past year, gaining 57.8% versus a gain of 41.8%. Over five years, NET leads with a +104.5% price change compared with +0.4% for SNOW. Cloudflare is the larger company by market cap ($122.12 billion vs $117.43 billion), about 1.0 times the size.
On valuation, Snowflake trades at a lower forward P/E (110.8x vs 204.6x for Cloudflare). Cloudflare converts more of its revenue into profit, with a net margin of -4.7% versus -28.4%.
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 | SNOW |
|---|---|---|
| Share price | $342.97 | $332.85 |
| Market cap | $122.12B | $117.43B |
| 1-day change | -3.39% | -0.92% |
| YTD return | +73.96% | +51.74% |
| 1-year return | +57.77% | +41.75% |
| 5-year return | +104.53% | +0.43% |
| Forward P/E | 204.62 | 110.76 |
| EPS (TTM) | $-0.58 | $-3.18 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $2.17B | $4.68B |
| Revenue growth (YoY) | +29.85% | +29.16% |
| Net income (latest FY) | $-102.27M | $-1.33B |
| Gross margin | 74.51% | 67.17% |
| Operating margin | -9.56% | -30.64% |
| Net margin | -4.72% | -28.43% |
| 52-week high | $370.35 | $384.56 |
| 52-week low | $158.83 | $118.30 |
| Distance from 52-week high | -7.39% | -13.45% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | -0.95% | +27.73% |
| Average volume | 3.35M | 4.78M |
| Shares outstanding | 322.62M | 352.80M |
| Employees | 5,156 | 9,394 |
| 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 SNOW by 16.0 percentage points over the past year.
- Cloudflare is more profitable, keeping -4.7 cents of every revenue dollar as net income versus -28.4 cents for Snowflake.
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 Snowflake
SNOW stock →Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally.
Technology · Computer Software: Prepackaged Software · 9,394 employees
NET vs SNOW FAQ
Which is bigger, Cloudflare or Snowflake?
Cloudflare (NET) is larger, with a market capitalization of $122.12B compared with $117.43B for Snowflake (SNOW).
Which stock has performed better over the past year, NET or SNOW?
NET returned +57.77% over the past 12 months, compared with +41.75% for SNOW (price return, excluding dividends). Past performance does not predict future results.
Are Cloudflare and Snowflake in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.