Cloudflare NET Peer Comparison

NYSE NET
$348.89 -9.93 (-2.77%)
As of: Sep 25, 2026 · 3:59 PM EDT
Peer Comparison

98 Comparable Companies

Industry Group Cloud Computing

Cloudflare, Inc. (NET) is the 10th largest of 98 Cloud Computing companies by market capitalisation, at 115.65 Bn, behind Shopify at 188.01 Bn. The table below compares all 98 on 7 financial metrics, including companies with a secondary business in the group.

Download Data
# Symbol Company Industry Mkt Cap Price Chg % 1Y P/E P/S Enterprise Value
1 GOOGL 2nd Alphabet Cloud Platforms 4.16 Tn 342.36 +1.34% +38.53% — — —
2 MSFT Microsoft Cloud Platforms 3.70 Tn 497.93 -0.53% -2.40% 28.37 11.20 3.59 Tn
3 AMZN 2nd Amazon Com Cloud Platforms 2.69 Tn 249.38 +0.04% +13.25% 12.49 1.93 2.56 Tn
4 SOS 2nd Sos Data Centers 1.01 Tn 0.39 +11.43% -81.69% — — —
5 ORCL 2nd Oracle Cloud Platforms 421.91 Bn 139.52 -3.47% -54.77% 24.96 6.09 400.44 Bn
6 BABA 2nd Alibaba Group Holding Cloud Platforms 256.97 Bn 110.64 -0.13% -37.29% 24.42 1.71 222.03 Bn
7 IBM International Business Machines Cloud Platforms 213.88 Bn 227.02 -2.50% -15.14% 20.44 3.17 208.10 Bn
8 STX 2nd Seagate Technology Holdings Data Centers 205.46 Bn 905.92 -1.94% +304.97% 63.54 17.18 207.82 Bn
9 SHOP 2nd Shopify Web Hosting and Domains 188.01 Bn 145.16 +1.98% -2.47% 95.62 13.89 179.41 Bn
10 NET Cloudflare Content Delivery Networks 115.65 Bn 358.95 +1.93% +64.98% -604.96 45.16 109.29 Bn
11 EQIX Equinix Data Centers 102.10 Bn 1,034.76 -0.28% +31.02% 66.90 10.44 100.19 Bn
12 HPE 2nd Hewlett Packard Enterprise Cloud Platforms 84.39 Bn 63.54 +1.89% +159.77% 31.15 1.98 76.61 Bn
13 SLB 2nd Slb Data Centers 76.34 Bn 51.44 -0.83% +48.63% 26.30 2.74 74.09 Bn
14 DLR 2nd Digital Realty Trust Data Centers 66.99 Bn 181.04 -0.21% +5.26% 351.49 9.91 66.83 Bn
15 NBIS Nebius Cloud Platforms 61.60 Bn 243.48 +7.44% +115.03% -214.70 42.31 49.30 Bn
16 NDAQ 2nd Nasdaq Data Centers 53.14 Bn 94.55 -0.93% +8.49% 27.37 6.13 52.92 Bn
17 CRWV CoreWeave Cloud Platforms 49.66 Bn 90.13 +3.72% -32.44% -24.83 6.31 42.34 Bn
18 P 2nd Everpure Cloud Platforms 40.60 Bn 121.83 +11.03% +43.58% 144.24 8.58 35.56 Bn
19 NTAP 2nd NetApp Cloud Platforms 38.66 Bn 197.24 +0.46% +60.03% 28.40 5.21 34.90 Bn
20 CHT 2nd Chunghwa Telecom Data Centers 35.74 Bn 46.07 -0.28% +4.90% 26.76 4.54 33.75 Bn
21 IREN 2nd Iren Data Centers 35.12 Bn 46.15 -1.91% -2.10% -21.17 50.64 28.23 Bn
22 IRM 2nd Iron Mountain Data Centers 33.96 Bn 114.09 -0.85% +12.70% 81.84 4.53 34.37 Bn
23 ERIC 2nd Ericsson Lm Telephone Content Delivery Networks 32.06 Bn 9.51 -2.26% +15.98% 12.41 1.35 27.72 Bn
24 BIDU 2nd Baidu Cloud Platforms 29.97 Bn 88.08 -1.89% -33.73% -5.76 1.67 8.15 Bn
25 VRSN Verisign Web Hosting and Domains 26.39 Bn 291.88 -0.48% +2.32% 31.33 15.52 25.48 Bn
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About these peers

Who are Cloudflare, Inc.'s peers and competitors?

Cloudflare, Inc. (NET) is compared with 98 US-listed companies in the Cloud Computing industry group, of which 40 have it as their primary business and 58 run a substantial Cloud Computing business alongside something else.

How are these peers chosen?

Peers are every company that BQ-MICS, our own multi-industry classification system, places in the same industry group as Cloudflare, Inc.. Unlike a single-label scheme, BQ-MICS assigns each company a primary industry and any secondary industries it genuinely operates in, and records the reasoning behind every assignment. Tap the info icon beside any ticker to read it.

What does "2nd" next to a ticker mean?

It marks a secondary match: the company operates a real business in this industry group, but it is not its largest. Tick "Primary business only" above the table to compare against pure plays alone.

How often is this peer comparison updated?

Prices, market caps and valuation figures refresh with each session's close. The classification itself is reviewed whenever a company's filings change what it does, such as a new segment, a disposal or an acquisition.

Can I compare these peers on other metrics?

Yes. Use Edit Columns above the table to add any of 1,000+ financial metrics and ratios to the comparison, and Download Data to export it.

Cloudflare, Inc. Peers API

Pull Cloudflare, Inc.'s industry peers, with any metrics you choose plus the industry median and average, in one call with the Business Quant Peers API. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/peers?ticker=NET&cols=Revenue%20(Quarter),Net%20Income%20(Quarter)&api_key=YOUR_API_KEY