AppLovin Corporation (APP) vs Cloudflare, Inc. (NET)
A side-by-side comparison of AppLovin Corporation and Cloudflare, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
APP
AppLovin Corporation
$330.17TechnologyDelayed quote: Sep 21, 2026, 4:00 PM EDT
NET
Cloudflare, Inc.
$351.75TechnologyDelayed quote: Sep 21, 2026, 3:59 PM EDT
Total return — APP vs NET
growth of $100 · dividends reinvested · last 5yAPP +396.9% (+37.8%/yr)NET +311.1% (+32.7%/yr)APP compounded faster over this window
APP NET
APP vs NET: by the numbers
- •NET is the larger company ($124.85B vs $110.92B market cap).
- •APP is profitable (64.58% net margin) while NET runs a net loss (-8.21%).
- •NET grew revenue faster over the past five years (36.49% vs 25.84% CAGR).
Metrics side by side
Valuation
| Metric | APP | NET |
|---|---|---|
| P/E ratio | 25.38 | N/A |
| Forward P/E | 20.92 | 278.85 |
| P/S ratio | 16.24 | 49.69 |
| P/B ratio | 35.07 | 77.07 |
| EV / EBITDA | 20.54 | N/A |
| FCF yield | 4.06% | 0.30% |
Profitability
| Metric | APP | NET |
|---|---|---|
| Gross margin | 88.46% | 72.58% |
| Operating margin | 77.44% | -14.11% |
| Net margin | 64.58% | -8.21% |
| ROE | 139.42% | -12.73% |
| ROIC | 63.79% | -6.90% |
Growth (annualized)
| Metric | APP | NET |
|---|---|---|
| Revenue CAGR (5Y) | 25.84% | 36.49% |
| EPS CAGR (5Y) | 73.54% | N/A |
| FCF CAGR (5Y) | 73.58% | N/A |
| Total return CAGR (5Y) | 33.14% | 19.17% |
Frequently asked
- Which has grown faster, APP or NET?
- Over the past five years, NET grew revenue faster — APP at a 25.84% CAGR versus NET at 36.49%.
- Is APP or NET more profitable?
- APP runs the higher net margin — APP at 64.58% versus NET at -8.21%.
- How have APP and NET total returns compared?
- Over the past 5 years, APP delivered 33.14% and NET delivered 19.17% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AppLovin P/E ratioAppLovin ROECloudflare ROEAppLovin operating marginCloudflare operating marginAppLovin revenue growthCloudflare revenue growthAppLovin free cash flowCloudflare free cash flow
AppLovin & Cloudflare appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.