Cloudflare, Inc. (NET) vs Penumbra, Inc. (PEN)
A side-by-side comparison of Cloudflare, Inc. and Penumbra, 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.
Different business models: NET is classified in Technology; PEN is classified in Healthcare. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
NET
Cloudflare, Inc.
$354.21TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT
PEN
Penumbra, Inc.
$319.18HealthcareDelayed quote: Sep 28, 2026, 4:00 PM EDT
Total return — NET vs PEN
growth of $100 · dividends reinvested · last 7yNET +1602.9% (+49.9%/yr)PEN +113.0% (+11.4%/yr)NET compounded faster over this window
Log scale — wide-divergence pair
NET PEN
NET vs PEN: by the numbers
- •NET is the larger company ($125.72B vs $12.57B market cap).
- •PEN is profitable (10.67% net margin) while NET runs a net loss (-8.21%).
- •NET grew revenue faster over the past five years (36.49% vs 17.52% CAGR).
Metrics side by side
Valuation
| Metric | NET | PEN |
|---|---|---|
| P/E ratio | N/A | 78.42 |
| Forward P/E | 280.80 | 67.80 |
| P/S ratio | 50.04 | 8.35 |
| P/B ratio | 77.61 | 8.21 |
| EV / EBITDA | N/A | 61.52 |
| FCF yield | 0.30% | 1.72% |
Profitability
| Metric | NET | PEN |
|---|---|---|
| Gross margin | 72.58% | 67.84% |
| Operating margin | -14.11% | 12.45% |
| Net margin | -8.21% | 10.67% |
| ROE | -12.73% | 10.49% |
| ROIC | -6.90% | 8.48% |
Growth (annualized)
| Metric | NET | PEN |
|---|---|---|
| Revenue CAGR (5Y) | 36.49% | 17.52% |
| EPS CAGR (5Y) | N/A | 21.94% |
| FCF CAGR (5Y) | N/A | 83.74% |
| Total return CAGR (5Y) | 19.17% | 2.40% |
Frequently asked
- Which has grown faster, NET or PEN?
- Over the past five years, NET grew revenue faster — NET at a 36.49% CAGR versus PEN at 17.52%.
- Is NET or PEN more profitable?
- PEN runs the higher net margin — NET at -8.21% versus PEN at 10.67%.
- How have NET and PEN total returns compared?
- Over the past 5 years, NET delivered 19.17% and PEN delivered 2.40% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Penumbra P/E ratioCloudflare ROEPenumbra ROECloudflare operating marginPenumbra operating marginCloudflare revenue growthPenumbra revenue growthCloudflare free cash flowPenumbra free cash flow
Cloudflare & Penumbra 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.