FSLY vs XNET Stock Comparison

Fastly and Xunlei Prices as of Oct 26, 2026 Peers: Industry group
FSLY Fastly, Inc.
$25.61 +2.6% 1M +207.4% 1Y
Market cap
$4.15B
P/E
–
Revenue (TTM)
$687.17M
Div. yield
–
Content Delivery Networks Technology
3 wins
XNET Xunlei Ltd
$3.84 -23.4% 1M -58.7% 1Y
Market cap
$242.92M
P/E
–
Revenue (TTM)
$424.54M
Div. yield
–
Content Delivery Networks Technology
4 wins

Head to Head

7 decided of 12

Xunlei leads on 4 of the 12 questions below (Xunlei 4, Fastly 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFSLYXNETLeader
Larger companyMarket capitalisation $4.15B $242.92M FSLY
Cheaper on earningsLower P/E, profitable companies only -51.2x -3.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 52.3x — –
Faster revenue growthRevenue growth, trailing twelve months +20.4% +40.4% XNET
More profitableNet margin, trailing twelve months -11.8% -16.9% FSLY
Better return on capitalReturn on invested capital -6.1% — –
Less leveragedLower net debt / EBITDA -3.3x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +207.4% -58.7% FSLY
Better 5-year returnAnnualised price return, 5 years -11.9%/yr +5.9%/yr XNET
Less volatileAnnualised volatility, 1 year 118.6% 52.8% XNET
Higher overall scoreMean of the five percentile scores vs peers 67/100 74/100 XNET

Percentile Scorecard

FSLYXNET

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFSLYXNET
Valuation 49 #20 of 38 100 #1 of 38
Growth 94 #3 of 36 46 #20 of 36
Profitability 49 #18 of 34 64 #13 of 34
Financial Health 81 #8 of 38 87 #6 of 38
Shareholder Returns 60 #9 of 21 –
Overall 67 74
  • FSLY ranked among 39 companies in Cloud Computing
  • XNET ranked among 39 companies in Cloud Computing

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFSLYXNETSPY
1 month +2.6%-23.4% -0.8%
3 months +27.8%-33.7% +3.5%
6 months -0.7%-39.9% +7.0%
Year to date +151.6%-45.8% +12.2%
1 year +207.4%-58.7% +13.0%
3 years +81.4%+161.2% +86.3%
3 years, per year +22.0%+37.8% +23.1%
5 years -46.9%+32.9% +68.6%
5 years, per year -11.9%+5.9% +11.0%
10 years —-26.0% +258.0%
10 years, per year —-3.0% +13.6%

Risk

MeasureFSLYXNETSPY
Volatility, 1Y 118.6%52.8% 12.7%
Downside volatility, 1Y 108.1%57.4% 12.7%
Beta vs S&P 500, 1Y 1.421.77 1.00
Return / volatility, 1Y 1.75-1.11 1.02
Max drawdown, 5Y -90.8%-68.7% -25.4%
From 52-week high -23.6%-59.1% -1.8%
52-week high $33.50$9.40 $779.14
52-week low $7.96$3.83 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFSLYXNET
P/E now vs peer median -49.8xmedian 29.6x -3.3xmedian 29.6x
P/S now vs peer median 5.9xmedian 4.2x 0.6xmedian 4.2x
EV/EBITDA now vs peer median 988.3xmedian 24.2x —median 24.2x
P/FCF now vs peer median 80.4xmedian 15.1x —median 15.1x
P/B now vs peer median 4.1xmedian 3.9x —median 3.9x
PEG now vs peer median -1.88median 0.38 0.04median 0.38

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFSLYXNET
Revenue $687.17M $424.54M
Gross profit $422.42M $230.55M
Operating income -$82.21M $5.67M
Net income -$81.10M $146.48M
Free cash flow $50.68M –
R&D $167.06M $82.00M
EPS (diluted) $-0.51 $-1.13
Cash & equivalents $89.80M $125.83M
Total debt $323.96M $270.21M
Shares (diluted) 157.60M 63.29M
Enterprise value $2.78B -$639.85M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFSLYXNET
P/E -49.8x -3.3x
P/FCF 80.4x –
P/Operating cash flow 34.1x –
P/S 5.9x 0.6x
P/B 4.1x –
P/Tangible book 4.2x –
EV/EBITDA 988.3x –
EV/EBIT -49.4x 3.7x
EV/Revenue 5.9x 0.0x
EV/FCF 80.1x –
EV/Operating cash flow 34.0x –
PEG (3Y EPS CAGR) -1.88 0.04

Growth

14 metrics
MetricFSLYXNET
Revenue growth (1Y) 20.4% 40.4%
Revenue CAGR (3Y) 13.6% 3.0%
Gross profit growth (1Y) 37.3% 35.5%
Gross profit CAGR (3Y) 20.8% 13.4%
Operating income growth (1Y) 45.2% 126.5%
Operating income CAGR (3Y) 27.0% -7.0%
Net income growth (1Y) 45.0% -79.7%
Net income CAGR (3Y) 21.2% 108.8%
EPS growth (1Y) 49.2% -110.0%
EPS CAGR (3Y) 26.5% -88.7%
Operating cash flow growth (1Y) 124.3% –
Operating cash flow CAGR (3Y) 91.8% –
Free cash flow growth (1Y) 49.6% –
Free cash flow CAGR (3Y) 47.1% –

Profitability

14 metrics
MetricFSLYXNET
Gross margin 61.5% 54.3%
EBITDA margin 0.6% –
Operating margin -12.0% 1.3%
Pretax margin -12.2% -20.6%
Net margin -11.8% -16.9%
FCF margin 7.4% –
Operating cash flow margin 17.4% –
Return on equity -8.3% –
Return on assets -5.4% 11.3%
Return on invested capital -6.1% –
Return on capital employed -6.0% 0.5%
Asset turnover 0.5x 0.3x
Cash conversion (OCF / net income) -1.5x –
Stock comp / revenue 19.7% –

Financial Health

11 metrics
MetricFSLYXNET
Debt / assets 21.5% 4.8%
Debt / equity 0.3x –
Net debt / EBITDA -3.3x –
Debt / FCF 6.4x –
Liabilities / assets 34.1% 16.9%
Equity / assets 65.9% –
Interest coverage -6.3x 2.8x
Current ratio 3.4x 2.0x
Quick ratio 3.2x 1.9x
Cash ratio 2.4x 1.7x
Altman Z-score 4.24 1.88

Shareholder Returns

7 metrics
MetricFSLYXNET
Dividend yield – –
Net buyback yield -0.2% –
Shareholder yield -0.2% –
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFSLYXNET
Forward P/E 52.3xFY2026 –
EPS, next fiscal year $0.49FY2026 –
EPS growth, next FY +276.9%FY2026 –
EPS growth, the year after +22.4% –
Revenue, next fiscal year $724.28MFY2026 –
Revenue growth, next FY +16.1%FY2026 –
Revenue growth, the year after +13.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFSLYXNET
Held by institutions 94.0% 11.0%
Institutions holding 283 52
Change in shares held, QoQ +7.5% -8.7%
Institutions buying 156 35
Institutions selling 89 14
Buyers to sellers 1.75 2.50

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FSLYXNET
FSLY 1.00 0.12
XNET 0.12 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FSLY and XNET?

Fastly (FSLY) is the largest by market capitalisation: Fastly (FSLY) $4.15B, Xunlei (XNET) $242.92M.

Which company is growing faster?

Xunlei (XNET) grew revenue fastest over the trailing twelve months: Fastly (FSLY) +20.4%, Xunlei (XNET) +40.4%.

Which company is more profitable?

Fastly (FSLY) has the highest net margin (Fastly (FSLY) -11.8%, Xunlei (XNET) -16.9%).

Which stock has performed better?

Over the past year Fastly (FSLY) returned the most: Fastly (FSLY) +207.4%, Xunlei (XNET) -58.7%. Over five years, Xunlei (XNET) compounded fastest (Fastly (FSLY) -11.9%/yr, Xunlei (XNET) +5.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Xunlei (XNET) has been the steadiest (Fastly (FSLY) 118.6%, Xunlei (XNET) 52.8%). Volatility measures how widely the price swings, not the risk of the business.

Do FSLY and XNET move together?

Their daily returns over the past year have a correlation of 0.12, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FSLY and XNET?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Xunlei (XNET) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.