NET vs AKAM vs XNET Stock Comparison

Cloudflare, Akamai Technologies and Xunlei Prices as of Oct 26, 2026 Peers: Industry group
NET Cloudflare, Inc.
$332.09 -4.8% 1M +52.4% 1Y
Market cap
$117.59B
P/E
–
Revenue (TTM)
$2.51B
Div. yield
–
Content Delivery Networks Technology
3 wins
AKAM Akamai Technologies Inc
$98.50 -13.6% 1M +31.2% 1Y
Market cap
$14.36B
P/E
35.0x
Revenue (TTM)
$4.32B
Div. yield
–
Content Delivery Networks Technology
3 wins
XNET Xunlei Ltd
$3.84 -23.4% 1M -58.7% 1Y
Market cap
$242.30M
P/E
–
Revenue (TTM)
$424.54M
Div. yield
–
Content Delivery Networks Technology
3 wins

Head to Head

9 decided of 12

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

QuestionNETAKAMXNETLeader
Larger companyMarket capitalisation $117.59B $14.36B $242.30M NET
Cheaper on earningsLower P/E, profitable companies only -570.1x 35.0x -3.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 255.5x 15.6x — AKAM
Faster revenue growthRevenue growth, trailing twelve months +33.5% +5.9% +40.4% XNET
More profitableNet margin, trailing twelve months -8.2% 9.5% -16.9% AKAM
Better return on capitalReturn on invested capital -12.4% — — –
Less leveragedLower net debt / EBITDA 252.9x -1.4x — AKAM
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +52.4% +31.2% -58.7% NET
Better 5-year returnAnnualised price return, 5 years +13.2%/yr -1.1%/yr +5.9%/yr NET
Less volatileAnnualised volatility, 1 year 67.1% 61.5% 52.8% XNET
Higher overall scoreMean of the five percentile scores vs peers 50/100 63/100 74/100 XNET

Percentile Scorecard

NETAKAMXNET

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

AxisNETAKAMXNET
Valuation 16 #32 of 38 89 #5 of 38 100 #1 of 38
Growth 66 #13 of 36 14 #31 of 36 46 #20 of 36
Profitability 46 #19 of 34 79 #8 of 34 64 #13 of 34
Financial Health 60 #16 of 38 78 #9 of 38 87 #6 of 38
Shareholder Returns 65 #8 of 21 55 #10 of 21 –
Overall 50 63 74
  • NET ranked among 39 companies in Cloud Computing
  • AKAM 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

PeriodNETAKAMXNETSPY
1 month -4.8%-13.6%-23.4% -0.8%
3 months +25.0%-12.7%-33.7% +3.5%
6 months +56.4%+2.7%-39.9% +7.0%
Year to date +68.4%+12.9%-45.8% +12.2%
1 year +52.4%+31.2%-58.7% +13.0%
3 years +500.0%-3.4%+161.2% +86.3%
3 years, per year +81.8%-1.2%+37.8% +23.1%
5 years +85.9%-5.6%+32.9% +68.6%
5 years, per year +13.2%-1.1%+5.9% +11.0%
10 years —+45.5%-26.0% +258.0%
10 years, per year —+3.8%-3.0% +13.6%

Risk

MeasureNETAKAMXNETSPY
Volatility, 1Y 67.1%61.5%52.8% 12.7%
Downside volatility, 1Y 69.3%58.4%57.4% 12.7%
Beta vs S&P 500, 1Y 1.601.411.77 1.00
Return / volatility, 1Y 0.780.51-1.11 1.02
Max drawdown, 5Y -82.6%-46.8%-68.7% -25.4%
From 52-week high -8.0%-38.9%-59.1% -1.8%
52-week high $360.95$161.14$9.40 $779.14
52-week low $160.19$71.97$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.

MultipleNETAKAMXNET
P/E now vs peer median -570.5xmedian 29.6x 34.7xmedian 29.6x -3.3xmedian 29.6x
P/S now vs peer median 42.6xmedian 4.2x 3.3xmedian 4.2x 0.6xmedian 4.2x
EV/EBITDA now vs peer median -9,176xmedian 24.2x 10.5xmedian 24.2x —median 24.2x
P/FCF now vs peer median 307.1xmedian 15.1x 14.8xmedian 15.1x —median 15.1x
P/B now vs peer median 66.0xmedian 3.9x 3.0xmedian 3.9x —median 3.9x
PEG now vs peer median -131.34median 0.38 -6.96median 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 monthsNETAKAMXNET
Revenue $2.51B $4.32B $424.54M
Gross profit $1.82B $2.48B $230.55M
Operating income -$354.38M $455.68M $5.67M
Net income -$206.28M $410.97M $146.48M
Free cash flow $348.41M $956.10M –
R&D $573.30M $554.57M $82.00M
EPS (diluted) $-0.58 $2.67 $-1.13
Cash & equivalents $1.66B $1.48B $125.83M
Total debt $1.29B $1.71B $270.21M
Shares (diluted) 354.33M 153.69M 63.29M
Enterprise value $101.12B $7.77B -$640.48M

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
MetricNETAKAMXNET
P/E -570.5x 34.7x -3.3x
P/FCF 307.1x 14.8x –
P/Operating cash flow 168.9x 9.8x –
P/S 42.6x 3.3x 0.6x
P/B 66.0x 3.0x –
P/Tangible book 68.5x 3.4x –
EV/EBITDA -9,176x 10.5x –
EV/EBIT -293.8x 27.4x 3.7x
EV/Revenue 41.4x 2.9x 0.0x
EV/FCF 298.9x 13.1x –
EV/Operating cash flow 164.4x 8.6x –
PEG (3Y EPS CAGR) -131.34 -6.96 0.04

Growth

14 metrics
MetricNETAKAMXNET
Revenue growth (1Y) 33.5% 5.9% 40.4%
Revenue CAGR (3Y) 30.6% 5.7% 3.0%
Gross profit growth (1Y) 27.3% 2.9% 35.5%
Gross profit CAGR (3Y) 28.9% 3.8% 13.4%
Operating income growth (1Y) -90.5% -13.2% 126.5%
Operating income CAGR (3Y) -21.0% -9.0% -7.0%
Net income growth (1Y) -76.2% -3.2% -79.7%
Net income CAGR (3Y) 2.3% -4.9% 108.8%
EPS growth (1Y) -72.8% -8.5% -110.0%
EPS CAGR (3Y) 4.3% -5.0% -88.7%
Operating cash flow growth (1Y) 32.6% 0.0% –
Operating cash flow CAGR (3Y) 41.9% 3.4% –
Free cash flow growth (1Y) 67.1% 16.6% –
Free cash flow CAGR (3Y) 61.1% 0.5% –

Profitability

14 metrics
MetricNETAKAMXNET
Gross margin 72.6% 57.5% 54.3%
EBITDA margin -0.5% 27.6% –
Operating margin -14.1% 10.5% 1.3%
Pretax margin -7.9% 11.5% -20.6%
Net margin -8.2% 9.5% -16.9%
FCF margin 13.9% 22.1% –
Operating cash flow margin 25.2% 33.5% –
Return on equity -13.1% 8.5% –
Return on assets -3.3% 3.1% 11.3%
Return on invested capital -12.4% – –
Return on capital employed -9.6% 4.3% 0.5%
Asset turnover 0.4x 0.3x 0.3x
Cash conversion (OCF / net income) -3.1x 3.5x –
Stock comp / revenue 20.2% 11.8% –

Financial Health

11 metrics
MetricNETAKAMXNET
Debt / assets 20.0% 11.3% 4.8%
Debt / equity 0.8x 0.4x –
Net debt / EBITDA 252.9x -1.4x –
Debt / FCF 3.7x 1.8x –
Liabilities / assets 75.0% 68.5% 16.9%
Equity / assets 25.0% 31.5% –
Interest coverage -30.9x 13.7x 2.8x
Current ratio 1.8x 1.6x 2.0x
Quick ratio 1.8x 1.5x 1.9x
Cash ratio 1.6x 1.2x 1.7x
Altman Z-score 13.53 1.69 1.88

Shareholder Returns

7 metrics
MetricNETAKAMXNET
Dividend yield – – –
Net buyback yield 0.0% -0.8% –
Shareholder yield 0.0% -0.8% –
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.

ConsensusNETAKAMXNET
Forward P/E 255.5xFY2026 15.6xFY2026 –
EPS, next fiscal year $1.30FY2026 $6.32FY2026 –
EPS growth, next FY +39.8%FY2026 -11.2%FY2026 –
EPS growth, the year after +22.3% -0.3% –
Revenue, next fiscal year $3.02BFY2026 $4.28BFY2026 –
Revenue growth, next FY +39.0%FY2026 +1.8%FY2026 –
Revenue growth, the year after +16.4% +27.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNETAKAMXNET
Held by institutions 88.2% 100.0% 11.0%
Institutions holding 1,219 801 52
Change in shares held, QoQ +2.8% +3.5% -8.7%
Institutions buying 704 430 35
Institutions selling 378 282 14
Buyers to sellers 1.86 1.52 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.

NETAKAMXNET
NET 1.00 0.27 0.24
AKAM 0.27 1.00 0.17
XNET 0.24 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NET, AKAM and XNET?

Cloudflare (NET) is the largest by market capitalisation: Cloudflare (NET) $117.59B, Akamai Technologies (AKAM) $14.36B, Xunlei (XNET) $242.30M.

Which company is growing faster?

Xunlei (XNET) grew revenue fastest over the trailing twelve months: Cloudflare (NET) +33.5%, Akamai Technologies (AKAM) +5.9%, Xunlei (XNET) +40.4%.

Which company is more profitable?

Akamai Technologies (AKAM) has the highest net margin (Cloudflare (NET) -8.2%, Akamai Technologies (AKAM) 9.5%, Xunlei (XNET) -16.9%).

Which stock has performed better?

Over the past year Cloudflare (NET) returned the most: Cloudflare (NET) +52.4%, Akamai Technologies (AKAM) +31.2%, Xunlei (XNET) -58.7%. Over five years, Cloudflare (NET) compounded fastest (Cloudflare (NET) +13.2%/yr, Akamai Technologies (AKAM) -1.1%/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 (Cloudflare (NET) 67.1%, Akamai Technologies (AKAM) 61.5%, Xunlei (XNET) 52.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NET, AKAM 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, Cloudflare (NET) leads on 3. 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.