CRWV vs. NET: CoreWeave vs. Cloudflare Stock Comparison
How do CoreWeave (CRWV) and Cloudflare (NET) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
CoreWeave (CRWV) and Cloudflare (NET) are both classified in the Internet Services & Infrastructure sub-industry within the broader IT Services industry, placing them in the closest GICS peer bucket.
Cloudflare (NET) has been public since September 13, 2019, giving it a longer listed trading history, while CoreWeave (CRWV) listed on March 28, 2025 and still has a shorter public-market record.
| Profile Item | CRWV | NET |
|---|---|---|
| Name | CoreWeave Inc. Class A Common Stock | Cloudflare, Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | IT Services |
| GICS Sub-Industry | Internet Services & Infrastructure | Internet Services & Infrastructure |
| Market Capitalization | 25.59 billion USD | 96.32 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | March 28, 2025 | September 13, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRWV | NET |
|---|---|---|
| Total Return (1Y) | -52.69% | 27.13% |
| Total Return (3Y, Annualized) | -- | 68.21% |
| Total Return (5Y, Annualized) | -- | 7.66% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CRWV | NET |
|---|---|---|
| Volatility (1Y, Annualized) | 98.61% | 67.16% |
| Beta (5Y) | 7.43 | 1.34 |
| Max Drawdown (5Y) | -76.22% | -82.58% |
| Avg. Volume (3M) | 40.98M | 3.45M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRWV | NET |
|---|---|---|
| Sharpe Ratio (1Y) | -0.58 | 0.34 |
| Sortino Ratio (1Y) | -0.86 | 0.48 |
Profitability
ROE (TTM)
Both CoreWeave (CRWV) at -43.60% and Cloudflare (NET) at -17.00% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.
CRWV
Software & Services industry group
-43.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- CRWV
- -43.60%
- Min
- -50.52%
NET
Software & Services industry group
-17.00%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- NET
- -17.00%
- Min
- -50.52%
Net Margin (TTM)
Both CoreWeave (CRWV) at -25.40% and Cloudflare (NET) at -8.75% report negative net margin values, usually indicating net losses over the period.
CRWV
Software & Services industry group
-25.40%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- CRWV
- -25.40%
- Min
- -33.17%
NET
Software & Services industry group
-8.75%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- NET
- -8.75%
- Min
- -33.17%
Operating Margin (TTM)
Both CoreWeave (CRWV) at -1.90% and Cloudflare (NET) at -7.27% report negative operating margin values, usually indicating operating losses over the period.
CRWV
Software & Services industry group
-1.90%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- CRWV
- -1.90%
- Q1
- -2.13%
- Min
- -30.45%
NET
Software & Services industry group
-7.27%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- NET
- -7.27%
- Min
- -30.45%
Profitability Metrics
| Metric | CRWV | NET |
|---|---|---|
| ROE (TTM) | -43.60% | -17.00% |
| ROA (TTM) | -0.24% | -2.00% |
| Net Margin (TTM) | -25.40% | -8.75% |
| Operating Margin (TTM) | -1.90% | -7.27% |
| Gross Margin (TTM) | 67.42% | 71.90% |
Growth
Revenue Growth
Both companies are growing quickly, but CoreWeave (CRWV) at 167.94% is the standout with revenue growth above its industry range; Cloudflare (NET) at 29.85% also sits in the top quartile.
EPS Growth
Neither CoreWeave (CRWV) nor Cloudflare (NET) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | CRWV | NET |
|---|---|---|
| Revenue Growth (YoY) | 167.94% | 29.85% |
| Revenue Growth (3Y CAGR) | 586.92% | 30.51% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Cloudflare (NET) at 3.80 carries current ratio above its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
CRWV
Software & Services industry group
0.46
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- CRWV
- 0.46
- Min
- 0.03
NET
Software & Services industry group
3.80
- Max
- 5.11
- NET
- 3.80
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Debt sits unusually high against shareholders’ equity for both CoreWeave (CRWV) at 10.27 and Cloudflare (NET) at 3.21 — each debt-to-equity ratio is above its industry benchmark range.
CRWV
Software & Services industry group
10.27
- CRWV
- 10.27
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
NET
Software & Services industry group
3.21
- NET
- 3.21
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CRWV | NET |
|---|---|---|
| Current Ratio (MRQ) | 0.46 | 3.80 |
| Debt / Equity (MRQ) | 10.27 | 3.21 |
| Net Debt / EBITDA | 12.16 | -- |
Dividends
Dividend Yield (TTM)
Neither CoreWeave (CRWV) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
NET
Software & Services industry group
0.00%
- NET
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither CoreWeave (CRWV) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
NET
Software & Services industry group
0.00%
- NET
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CRWV | NET |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Neither CoreWeave (CRWV) nor Cloudflare (NET) reports a P/E ratio value for this period, so a direct comparison isn’t possible.
CRWV
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- CRWV
- --
NET
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- NET
- --
P/S Ratio (TTM)
CoreWeave (CRWV) at 3.37 prices around its industry’s typical P/S ratio, while Cloudflare (NET) at 35.24 clears its benchmark range — NET looks notably rich on sales.
CRWV
Software & Services industry group
3.37
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- CRWV
- 3.37
- Q1
- 2.23
- Min
- 0.02
NET
Software & Services industry group
35.24
- NET
- 35.24
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
CoreWeave (CRWV) at 5.09 sits near its industry’s typical P/B ratio, while Cloudflare (NET) at 65.73 prices above its benchmark range — NET looks rich relative to book.
CRWV
Software & Services industry group
5.09
- Max
- 16.63
- Q3
- 8.50
- CRWV
- 5.09
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
NET
Software & Services industry group
65.73
- NET
- 65.73
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CRWV | NET |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 3.37 | 35.24 |
| P/B Ratio (MRQ) | 5.09 | 65.73 |
| Free Cash Flow Yield (TTM) | -35.51% | 0.83% |