Cloudflare, Inc. (NET) vs Shopify Inc. (SHOP)
A side-by-side comparison of Cloudflare, Inc. and Shopify Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.
NET
Cloudflare, Inc.
$315.67TechnologyDelayed quote: Aug 14, 2026, 3:59 PM EDT
SHOP
Shopify Inc.
$154.32TechnologyDelayed quote: Aug 14, 2026, 4:00 PM EDT
Total return — NET vs SHOP
growth of $100 · dividends reinvested · last 7yNET +1737.9% (+51.6%/yr)SHOP +344.5% (+23.8%/yr)NET compounded faster over this window
NET SHOP
NET vs SHOP: by the numbers
- •SHOP is the larger company ($200.25B vs $112.04B market cap).
- •SHOP is profitable (14.53% net margin) while NET runs a net loss (-8.21%).
- •NET grew revenue faster over the past five years (36.49% vs 28.06% CAGR).
Metrics side by side
Valuation
| Metric | NET | SHOP |
|---|---|---|
| P/E ratio | N/A | 106.40 |
| Forward P/E | 276.28 | 84.64 |
| P/S ratio | 46.66 | 15.51 |
| P/B ratio | 72.36 | 16.22 |
| EV / EBITDA | N/A | 109.07 |
| FCF yield | 0.39% | 1.14% |
Profitability
| Metric | NET | SHOP |
|---|---|---|
| Gross margin | 72.58% | 47.77% |
| Operating margin | -14.11% | 13.90% |
| Net margin | -8.21% | 14.53% |
| ROE | -12.73% | 15.20% |
| ROIC | -4.10% | 8.67% |
Growth (annualized)
| Metric | NET | SHOP |
|---|---|---|
| Revenue CAGR (5Y) | 36.49% | 28.06% |
| EPS CAGR (5Y) | N/A | 28.61% |
| FCF CAGR (5Y) | N/A | 35.93% |
| Total return CAGR (5Y) | 22.13% | 1.14% |
Frequently asked
- Which has grown faster, NET or SHOP?
- Over the past five years, NET grew revenue faster — NET at a 36.49% CAGR versus SHOP at 28.06%.
- Is NET or SHOP more profitable?
- SHOP runs the higher net margin — NET at -8.21% versus SHOP at 14.53%.
- How have NET and SHOP total returns compared?
- Over the past 5 years, NET delivered 22.13% and SHOP delivered 44.70% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Shopify P/E ratioCloudflare ROEShopify ROECloudflare operating marginShopify operating marginCloudflare revenue growthShopify revenue growthCloudflare free cash flowShopify free cash flow
Cloudflare & Shopify 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 August 14, 2026.