Cloudflare, Inc. (NET) vs Okta, Inc. (OKTA)
A side-by-side comparison of Cloudflare, Inc. and Okta, 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.
NET
Cloudflare, Inc.
$354.21TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT
OKTA
Okta, Inc.
$202.18TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT
Total return — NET vs OKTA
growth of $100 · dividends reinvested · last 7yNET +1602.9% (+49.9%/yr)OKTA +63.1% (+7.2%/yr)NET compounded faster over this window
Log scale — wide-divergence pair
NET OKTA
NET vs OKTA: by the numbers
- •NET is the larger company ($125.72B vs $33.59B market cap).
- •OKTA is profitable (9.63% net margin) while NET runs a net loss (-8.21%).
- •NET grew revenue faster over the past five years (36.49% vs 24.72% CAGR).
Metrics side by side
Valuation
| Metric | NET | OKTA |
|---|---|---|
| P/E ratio | N/A | 121.80 |
| Forward P/E | 280.80 | 51.47 |
| P/S ratio | 50.04 | 10.93 |
| P/B ratio | 77.61 | 4.82 |
| EV / EBITDA | N/A | 104.37 |
| FCF yield | 0.30% | 2.89% |
Profitability
| Metric | NET | OKTA |
|---|---|---|
| Gross margin | 72.58% | 78.13% |
| Operating margin | -14.11% | 7.68% |
| Net margin | -8.21% | 9.63% |
| ROE | -12.73% | 4.24% |
| ROIC | -6.90% | 3.03% |
Growth (annualized)
| Metric | NET | OKTA |
|---|---|---|
| Revenue CAGR (5Y) | 36.49% | 24.72% |
| FCF CAGR (5Y) | N/A | 51.23% |
| Total return CAGR (5Y) | 19.17% | -8.10% |
Frequently asked
- Which has grown faster, NET or OKTA?
- Over the past five years, NET grew revenue faster — NET at a 36.49% CAGR versus OKTA at 24.72%.
- Is NET or OKTA more profitable?
- OKTA runs the higher net margin — NET at -8.21% versus OKTA at 9.63%.
- How have NET and OKTA total returns compared?
- Over the past 5 years, NET delivered 19.17% and OKTA delivered -8.10% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Okta P/E ratioCloudflare ROEOkta ROECloudflare operating marginOkta operating marginCloudflare revenue growthOkta revenue growthCloudflare free cash flowOkta free cash flow
Cloudflare & Okta 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.