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MSTR vs. NET: Strategy vs. Cloudflare Stock Comparison

How do Strategy (MSTR) 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

Strategy (MSTR) and Cloudflare (NET) both fall under the Software & Services industry group, but MSTR is classified in Software while NET is classified in IT Services.

Company profile comparison for Strategy (MSTR) and Cloudflare (NET)
Profile ItemMSTRNET
NameStrategy Inc.Cloudflare, Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareIT Services
GICS Sub-IndustryApplication SoftwareInternet Services & Infrastructure
Market Capitalization54.57 billion USD96.32 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJune 11, 1998September 13, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MSTR
NET
GSPC
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Strategy (MSTR) vs. Cloudflare (NET), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Strategy (MSTR) and Cloudflare (NET). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Strategy (MSTR) and Cloudflare (NET). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
Total Return (1Y)-48.13%27.13%
Total Return (3Y, Annualized)36.44%68.21%
Total Return (5Y, Annualized)7.87%7.66%

Risk Profile

Drawdown History

MSTR
NET
GSPC
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Strategy (MSTR) vs. Cloudflare (NET), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Strategy (MSTR) and Cloudflare (NET). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
Volatility (1Y, Annualized)82.34%67.16%
Beta (5Y)3.601.34
Max Drawdown (5Y)-84.09%-82.58%
Avg. Volume (3M)22.35M3.45M

Risk-Adjusted Performance

Risk-Return Positioning

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MSTR and NET are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
Sharpe Ratio (1Y)-0.640.34
Sortino Ratio (1Y)-0.970.48

Profitability

ROE (TTM)

Both Strategy (MSTR) at -21.59% 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.

MSTR

Software & Services industry group

-21.59%

Max
53.85%
Q3
17.90%
Median
6.59%
Q1
-9.59%
MSTR
-21.59%
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%
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Cloudflare (NET) reports a negative net margin of -8.75%, usually indicating a net loss over the period. Meanwhile Strategy (MSTR) reports 0.00%, ranking against industry peers normally.

MSTR

Software & Services industry group

0.00%

Max
41.17%
Q3
15.28%
Median
4.63%
MSTR
0.00%
Q1
-5.42%
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%
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Strategy (MSTR) at -2.07% and Cloudflare (NET) at -7.27% report negative operating margin values, usually indicating operating losses over the period.

MSTR

Software & Services industry group

-2.07%

Max
46.89%
Q3
17.64%
Median
8.73%
MSTR
-2.07%
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%
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
ROE (TTM)-21.59%-17.00%
ROA (TTM)-4.52%-2.00%
Net Margin (TTM)0.00%-8.75%
Operating Margin (TTM)-2.07%-7.27%
Gross Margin (TTM)67.84%71.90%

Growth

Revenue Growth

Cloudflare (NET) at 29.85% sits in the top revenue growth quartile, while Strategy (MSTR) at 2.97% is in the bottom quartile, showing a clear gap in revenue momentum.

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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither Strategy (MSTR) nor Cloudflare (NET) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Growth metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
Revenue Growth (YoY)2.97%29.85%
Revenue Growth (3Y CAGR)-1.49%30.51%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Both Strategy (MSTR) at 4.04 and Cloudflare (NET) at 3.80 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

MSTR

Software & Services industry group

4.04

Max
5.11
MSTR
4.04
Q3
2.77
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
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Strategy (MSTR) at 0.10 is near its industry mid-range for debt-to-equity ratio, while Cloudflare (NET) at 3.21 sits above its benchmark range, pointing to a heavier debt load relative to equity.

MSTR

Software & Services industry group

0.10

Max
2.52
Q3
1.13
Median
0.40
MSTR
0.10
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
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
Current Ratio (MRQ)4.043.80
Debt / Equity (MRQ)0.103.21
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Neither Strategy (MSTR) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

MSTR

Software & Services industry group

0.00%

MSTR
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%
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Strategy (MSTR) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

MSTR

Software & Services industry group

0.00%

MSTR
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%
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Neither Strategy (MSTR) nor Cloudflare (NET) reports a P/E ratio value for this period, so a direct comparison isn’t possible.

MSTR

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
MSTR
--

NET

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
NET
--
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Strategy (MSTR) vs. Cloudflare (NET): Neither stock reports P/E ratio, so the chart shows available benchmark boxes without value markers.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both Strategy (MSTR) at 110.23 and Cloudflare (NET) at 35.24 — each P/S ratio clears its industry’s benchmark range.

MSTR

Software & Services industry group

110.23

MSTR
110.23
Max
17.91
Q3
8.78
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
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Strategy (MSTR) at 0.98 sits in the lower P/B ratio quartile relative to book while Cloudflare (NET) at 65.73 prices above its industry range — a wide valuation gap against assets.

MSTR

Software & Services industry group

0.98

Max
16.63
Q3
8.50
Median
4.30
Q1
1.92
MSTR
0.98
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
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Strategy (MSTR) vs. Cloudflare (NET): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Strategy (MSTR) and Cloudflare (NET)
MetricMSTRNET
P/E Ratio (TTM)----
P/S Ratio (TTM)110.2335.24
P/B Ratio (MRQ)0.9865.73
Free Cash Flow Yield (TTM)-5.94%0.83%