NBIS vs. NET: Nebius vs. Cloudflare Stock Comparison
How do Nebius (NBIS) 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
Nebius (NBIS) and Cloudflare (NET) both fall under the Software & Services industry group, but NBIS 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 Nebius (NBIS) listed on October 21, 2024 and still has a shorter public-market record.
| Profile Item | NBIS | NET |
|---|---|---|
| Name | Nebius Group N.V. Class A Ordinary Shares | Cloudflare, Inc. Class A Common Stock |
| Country/Region | Netherlands | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | IT Services |
| GICS Sub-Industry | Systems Software | Internet Services & Infrastructure |
| Market Capitalization | 35.20 billion USD | 96.32 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | October 21, 2024 | September 13, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NBIS | NET |
|---|---|---|
| Total Return (1Y) | 25.86% | 27.13% |
| Total Return (3Y, Annualized) | -- | 68.21% |
| Total Return (5Y, Annualized) | -- | 7.66% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NBIS | NET |
|---|---|---|
| Volatility (1Y, Annualized) | 111.62% | 67.16% |
| Beta (5Y) | 4.66 | 1.34 |
| Max Drawdown (5Y) | -58.27% | -82.58% |
| Avg. Volume (3M) | 20.58M | 3.45M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NBIS | NET |
|---|---|---|
| Sharpe Ratio (1Y) | 0.19 | 0.34 |
| Sortino Ratio (1Y) | 0.31 | 0.48 |
Profitability
ROE (TTM)
Cloudflare (NET) reports a negative ROE of -17.00%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Nebius (NBIS) reports 0.60%, ranking against industry peers normally.
NBIS
Software & Services industry group
0.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- NBIS
- 0.60%
- Q1
- -9.59%
- 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%
Net Margin (TTM)
Cloudflare (NET) reports a negative net margin of -8.75%, usually indicating a net loss over the period. Meanwhile Nebius (NBIS) reports 3.13%, ranking against industry peers normally.
NBIS
Software & Services industry group
3.13%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- NBIS
- 3.13%
- 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%
Operating Margin (TTM)
Both Nebius (NBIS) at -0.22% and Cloudflare (NET) at -7.27% report negative operating margin values, usually indicating operating losses over the period.
NBIS
Software & Services industry group
-0.22%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- NBIS
- -0.22%
- 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 | NBIS | NET |
|---|---|---|
| ROE (TTM) | 0.60% | -17.00% |
| ROA (TTM) | -1.92% | -2.00% |
| Net Margin (TTM) | 3.13% | -8.75% |
| Operating Margin (TTM) | -0.22% | -7.27% |
| Gross Margin (TTM) | 74.26% | 71.90% |
Growth
Revenue Growth
Both companies are growing quickly, but Nebius (NBIS) at 479.02% is the standout with revenue growth above its industry range; Cloudflare (NET) at 29.85% also sits in the top quartile.
EPS Growth
Neither Nebius (NBIS) nor Cloudflare (NET) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | NBIS | NET |
|---|---|---|
| Revenue Growth (YoY) | 479.02% | 29.85% |
| Revenue Growth (3Y CAGR) | 239.83% | 30.51% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -28.68% | -- |
Financial Strength
Current Ratio (MRQ)
Both Nebius (NBIS) at 4.03 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.
NBIS
Software & Services industry group
4.03
- Max
- 5.11
- NBIS
- 4.03
- 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
Debt / Equity (MRQ)
Nebius (NBIS) at 0.99 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.
NBIS
Software & Services industry group
0.99
- Max
- 2.52
- Q3
- 1.13
- NBIS
- 0.99
- 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 | NBIS | NET |
|---|---|---|
| Current Ratio (MRQ) | 4.03 | 3.80 |
| Debt / Equity (MRQ) | 0.99 | 3.21 |
| Net Debt / EBITDA | 8.35 | -- |
Dividends
Dividend Yield (TTM)
Neither Nebius (NBIS) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NBIS
Software & Services industry group
0.00%
- NBIS
- 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 Nebius (NBIS) nor Cloudflare (NET) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
NBIS
Software & Services industry group
0.00%
- NBIS
- 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 | NBIS | NET |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Nebius (NBIS) trades at 101.16 times trailing earnings, ranked against its peers, while Cloudflare (NET) has no P/E ratio this period.
NBIS
Software & Services industry group
101.16
- Max
- 112.94
- NBIS
- 101.16
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
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)
Investors are paying well above the peer range per dollar of sales for both Nebius (NBIS) at 25.98 and Cloudflare (NET) at 35.24 — each P/S ratio clears its industry’s benchmark range.
NBIS
Software & Services industry group
25.98
- NBIS
- 25.98
- 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
P/B Ratio (MRQ)
Nebius (NBIS) at 3.43 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.
NBIS
Software & Services industry group
3.43
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- NBIS
- 3.43
- 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 | NBIS | NET |
|---|---|---|
| P/E Ratio (TTM) | 101.16 | -- |
| P/S Ratio (TTM) | 25.98 | 35.24 |
| P/B Ratio (MRQ) | 3.43 | 65.73 |
| Free Cash Flow Yield (TTM) | -27.31% | 0.83% |