FIG vs. NET: Figma vs. Cloudflare Stock Comparison
How do Figma (FIG) 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
Figma (FIG) and Cloudflare (NET) both fall under the Software & Services industry group, but FIG is classified in Software while NET is classified in IT Services.
Cloudflare (NET) has been public since September 13, 2019, giving it a longer listed trading history, while Figma (FIG) listed on July 31, 2025 and still has a shorter public-market record.
| Profile Item | FIG | NET |
|---|---|---|
| Name | Figma 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 | Software | IT Services |
| GICS Sub-Industry | Application Software | Internet Services & Infrastructure |
| Market Capitalization | 10.08 billion USD | 96.32 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 31, 2025 | September 13, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FIG | NET |
|---|---|---|
| Total Return (1Y) | -55.54% | 27.13% |
| Total Return (3Y, Annualized) | -- | 68.21% |
| Total Return (5Y, Annualized) | -- | 7.66% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FIG | NET |
|---|---|---|
| Volatility (1Y, Annualized) | 76.91% | 67.16% |
| Beta (5Y) | 0.99 | 1.34 |
| Max Drawdown (5Y) | -86.20% | -82.58% |
| Avg. Volume (3M) | 13.00M | 3.45M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FIG | NET |
|---|---|---|
| Sharpe Ratio (1Y) | -0.78 | 0.34 |
| Sortino Ratio (1Y) | -1.11 | 0.48 |
Profitability
ROE (TTM)
Both Figma (FIG) at -38.36% 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.
FIG
Software & Services industry group
-38.36%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- FIG
- -38.36%
- 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 Figma (FIG) at -40.21% and Cloudflare (NET) at -8.75% report negative net margin values, usually indicating net losses over the period.
FIG
Software & Services industry group
-40.21%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
- FIG
- -40.21%
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 Figma (FIG) at -30.45% and Cloudflare (NET) at -7.27% report negative operating margin values, usually indicating operating losses over the period.
FIG
Software & Services industry group
-30.45%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- FIG
- -30.45%
- 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 | FIG | NET |
|---|---|---|
| ROE (TTM) | -38.36% | -17.00% |
| ROA (TTM) | -15.53% | -2.00% |
| Net Margin (TTM) | -40.21% | -8.75% |
| Operating Margin (TTM) | -30.45% | -7.27% |
| Gross Margin (TTM) | 81.38% | 71.90% |
Growth
Revenue Growth
Both Figma (FIG) at 40.96% and Cloudflare (NET) at 29.85% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Neither Figma (FIG) nor Cloudflare (NET) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | FIG | NET |
|---|---|---|
| Revenue Growth (YoY) | 40.96% | 29.85% |
| Revenue Growth (3Y CAGR) | -- | 30.51% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Figma (FIG) at 2.45 keeps current ratio within its industry’s typical mid-range, while Cloudflare (NET) at 3.80 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
FIG
Software & Services industry group
2.45
- Max
- 5.11
- Q3
- 2.77
- FIG
- 2.45
- Median
- 1.67
- Q1
- 1.01
- 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)
Figma (FIG) at 0.07 keeps leverage in the lower quartile, while Cloudflare (NET) at 3.21 is above its industry debt-to-equity ratio range.
FIG
Software & Services industry group
0.07
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- FIG
- 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 | FIG | NET |
|---|---|---|
| Current Ratio (MRQ) | 2.45 | 3.80 |
| Debt / Equity (MRQ) | 0.07 | 3.21 |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Neither Figma (FIG) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FIG
Software & Services industry group
0.00%
- FIG
- 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 Figma (FIG) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
FIG
Software & Services industry group
0.00%
- FIG
- 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 | FIG | NET |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Neither Figma (FIG) nor Cloudflare (NET) reports a P/E ratio value for this period, so a direct comparison isn’t possible.
FIG
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- FIG
- --
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)
Figma (FIG) at 7.20 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.
FIG
Software & Services industry group
7.20
- Max
- 17.91
- Q3
- 8.78
- FIG
- 7.20
- Median
- 4.25
- 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)
Figma (FIG) at 6.52 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.
FIG
Software & Services industry group
6.52
- Max
- 16.63
- Q3
- 8.50
- FIG
- 6.52
- 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 | FIG | NET |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 7.20 | 35.24 |
| P/B Ratio (MRQ) | 6.52 | 65.73 |
| Free Cash Flow Yield (TTM) | 4.83% | 0.83% |