NET vs. PCOR: Cloudflare vs. Procore Stock Comparison
How do Cloudflare (NET) and Procore (PCOR) 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
Cloudflare (NET) and Procore (PCOR) both fall under the Software & Services industry group, but NET is classified in IT Services while PCOR is classified in Software.
| Profile Item | NET | PCOR |
|---|---|---|
| Name | Cloudflare, Inc. Class A Common Stock | Procore Technologies Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | Software |
| GICS Sub-Industry | Internet Services & Infrastructure | Application Software |
| Market Capitalization | 96.32 billion USD | 11.27 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | September 13, 2019 | May 20, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NET | PCOR |
|---|---|---|
| Total Return (1Y) | 27.13% | -3.45% |
| Total Return (3Y, Annualized) | 68.21% | 15.41% |
| Total Return (5Y, Annualized) | 7.66% | -3.95% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Cloudflare (NET) has an aggressive beta of 1.34, indicating higher sensitivity to broad-market moves, while Procore (PCOR) is defensive at 0.66 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | NET | PCOR |
|---|---|---|
| Volatility (1Y, Annualized) | 67.16% | 54.42% |
| Beta (5Y) | 1.34 | 0.66 |
| Max Drawdown (5Y) | -82.58% | -59.26% |
| Avg. Volume (3M) | 3.45M | 3.10M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NET | PCOR |
|---|---|---|
| Sharpe Ratio (1Y) | 0.34 | -0.14 |
| Sortino Ratio (1Y) | 0.48 | -0.22 |
Profitability
ROE (TTM)
Both Cloudflare (NET) at -17.00% and Procore (PCOR) at -2.98% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.
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%
PCOR
Software & Services industry group
-2.98%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- PCOR
- -2.98%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Cloudflare (NET) at -8.75% and Procore (PCOR) at -2.31% report negative net margin values, usually indicating net losses over the period.
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%
PCOR
Software & Services industry group
-2.31%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- PCOR
- -2.31%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Cloudflare (NET) reports a negative operating margin of -7.27%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Procore (PCOR) reports 4.82%, ranking against industry peers normally.
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%
PCOR
Software & Services industry group
4.82%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- PCOR
- 4.82%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | NET | PCOR |
|---|---|---|
| ROE (TTM) | -17.00% | -2.98% |
| ROA (TTM) | -2.00% | -0.44% |
| Net Margin (TTM) | -8.75% | -2.31% |
| Operating Margin (TTM) | -7.27% | 4.82% |
| Gross Margin (TTM) | 71.90% | 80.28% |
Growth
Revenue Growth
Cloudflare (NET) at 29.85% sits in the top revenue growth quartile, while Procore (PCOR) at 14.83% is closer to the peer norm — faster top-line expansion for NET.
EPS Growth
Neither Cloudflare (NET) nor Procore (PCOR) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | NET | PCOR |
|---|---|---|
| Revenue Growth (YoY) | 29.85% | 14.83% |
| Revenue Growth (3Y CAGR) | 30.51% | 22.46% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Procore (PCOR) at 1.06 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.
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
PCOR
Software & Services industry group
1.06
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- PCOR
- 1.06
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Procore (PCOR) at 0.92 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.
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
PCOR
Software & Services industry group
0.92
- Max
- 2.52
- Q3
- 1.13
- PCOR
- 0.92
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | NET | PCOR |
|---|---|---|
| Current Ratio (MRQ) | 3.80 | 1.06 |
| Debt / Equity (MRQ) | 3.21 | 0.92 |
| Net Debt / EBITDA | -- | 3.75 |
Dividends
Dividend Yield (TTM)
Neither Cloudflare (NET) nor Procore (PCOR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
PCOR
Software & Services industry group
0.00%
- PCOR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Cloudflare (NET) nor Procore (PCOR) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
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%
PCOR
Software & Services industry group
0.00%
- PCOR
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | NET | PCOR |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Neither Cloudflare (NET) nor Procore (PCOR) reports a P/E ratio value for this period, so a direct comparison isn’t possible.
NET
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- NET
- --
PCOR
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- PCOR
- --
P/S Ratio (TTM)
Procore (PCOR) at 7.58 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.
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
PCOR
Software & Services industry group
7.58
- Max
- 17.91
- Q3
- 8.78
- PCOR
- 7.58
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both look rich against book: Procore (PCOR) at 10.38 sits in the upper P/B ratio quartile, and Cloudflare (NET) at 65.73 prices even higher, above its industry range.
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
PCOR
Software & Services industry group
10.38
- Max
- 16.63
- PCOR
- 10.38
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | NET | PCOR |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 35.24 | 7.58 |
| P/B Ratio (MRQ) | 65.73 | 10.38 |
| Free Cash Flow Yield (TTM) | 0.83% | 3.24% |