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NET vs. SNOW: Cloudflare vs. Snowflake Stock Comparison

How do Cloudflare (NET) and Snowflake (SNOW) 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 Snowflake (SNOW) are both classified in the Internet Services & Infrastructure sub-industry within the broader IT Services industry, placing them in the closest GICS peer bucket.

Company profile comparison for Cloudflare (NET) and Snowflake (SNOW)
Profile ItemNETSNOW
NameCloudflare, Inc. Class A Common StockSnowflake Inc. Common Stock
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustryIT ServicesIT Services
GICS Sub-IndustryInternet Services & InfrastructureInternet Services & Infrastructure
Market Capitalization96.32 billion USD97.33 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateSeptember 13, 2019September 16, 2020
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NET
SNOW
GSPC
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Cloudflare (NET) vs. Snowflake (SNOW), 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 Cloudflare (NET) and Snowflake (SNOW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
Total Return (1Y)27.13%10.92%
Total Return (3Y, Annualized)68.21%23.09%
Total Return (5Y, Annualized)7.66%-5.00%

Risk Profile

Drawdown History

NET
SNOW
GSPC
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Cloudflare (NET) vs. Snowflake (SNOW), 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 Cloudflare (NET) and Snowflake (SNOW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
Volatility (1Y, Annualized)67.16%67.14%
Beta (5Y)1.341.33
Max Drawdown (5Y)-82.58%-72.99%
Avg. Volume (3M)3.45M4.67M

Risk-Adjusted Performance

Risk-Return Positioning

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NET and SNOW 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 Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
Sharpe Ratio (1Y)0.340.10
Sortino Ratio (1Y)0.480.17

Profitability

ROE (TTM)

Both Cloudflare (NET) at -17.00% and Snowflake (SNOW) at -48.06% 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%

SNOW

Software & Services industry group

-48.06%

Max
53.85%
Q3
17.90%
Median
6.59%
Q1
-9.59%
SNOW
-48.06%
Min
-50.52%
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Both Cloudflare (NET) at -8.75% and Snowflake (SNOW) at -20.07% 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%

SNOW

Software & Services industry group

-20.07%

Max
41.17%
Q3
15.28%
Median
4.63%
Q1
-5.42%
SNOW
-20.07%
Min
-33.17%
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Cloudflare (NET) at -7.27% and Snowflake (SNOW) at -17.00% report negative operating margin values, usually indicating operating losses over the period.

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%

SNOW

Software & Services industry group

-17.00%

Max
46.89%
Q3
17.64%
Median
8.73%
Q1
-2.13%
SNOW
-17.00%
Min
-30.45%
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
ROE (TTM)-17.00%-48.06%
ROA (TTM)-2.00%-9.02%
Net Margin (TTM)-8.75%-20.07%
Operating Margin (TTM)-7.27%-17.00%
Gross Margin (TTM)71.90%67.03%

Growth

Revenue Growth

Both Cloudflare (NET) at 29.85% and Snowflake (SNOW) at 29.16% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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

EPS Growth

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

Growth Metrics

Growth metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
Revenue Growth (YoY)29.85%29.16%
Revenue Growth (3Y CAGR)30.51%31.38%
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 Snowflake (SNOW) at 0.94 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

SNOW

Software & Services industry group

0.94

Max
5.11
Q3
2.77
Median
1.67
Q1
1.01
SNOW
0.94
Min
0.03
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but NET is more stretched: Snowflake (SNOW) at 1.29 sits in the higher-leverage quartile and Cloudflare (NET) at 3.21 is above its industry benchmark range.

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

SNOW

Software & Services industry group

1.29

Max
2.52
SNOW
1.29
Q3
1.13
Median
0.40
Q1
0.07
Min
0.00
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
Current Ratio (MRQ)3.800.94
Debt / Equity (MRQ)3.211.29
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Neither Cloudflare (NET) nor Snowflake (SNOW) 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%

SNOW

Software & Services industry group

0.00%

SNOW
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Cloudflare (NET) nor Snowflake (SNOW) 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%

SNOW

Software & Services industry group

0.00%

SNOW
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Neither Cloudflare (NET) nor Snowflake (SNOW) 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
--

SNOW

Software & Services industry group

--

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

P/S Ratio (TTM)

Both look expensive on sales: Snowflake (SNOW) at 17.91 sits in the upper P/S ratio quartile, and Cloudflare (NET) at 35.24 prices even higher, above its industry range.

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

SNOW

Software & Services industry group

17.91

SNOW
17.91
Max
17.91
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both Cloudflare (NET) at 65.73 and Snowflake (SNOW) at 45.23 look expensive — each P/B ratio sits above its industry’s benchmark 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

SNOW

Software & Services industry group

45.23

SNOW
45.23
Max
16.63
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90
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Cloudflare (NET) vs. Snowflake (SNOW): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cloudflare (NET) and Snowflake (SNOW)
MetricNETSNOW
P/E Ratio (TTM)----
P/S Ratio (TTM)35.2417.91
P/B Ratio (MRQ)65.7345.23
Free Cash Flow Yield (TTM)0.83%1.79%