Nebius Group N.V. (NBIS) vs Cloudflare, Inc. (NET)
Nebius Group N.V. and Cloudflare, Inc. are both Software Infrastructure companies. Cloudflare, Inc. is the larger, with a market value of $128.1B against $67.5B — 1.9× the size. Cloudflare, Inc. has negative trailing earnings, so its P/E is not meaningful; Nebius Group N.V. trades at 913×. Nebius Group N.V. grew revenue faster over the last twelve months: 511.5% against 33.5%. Nebius Group N.V. has the higher net margin (3.13% vs −8.21%) and the lower return on invested capital (−3.94% vs 0.00%). Across the 19 metrics below, Nebius Group N.V. leads on 11 and Cloudflare, Inc. on 8.
Valuation
Profitability
| Metric | NBIS | NET | Software Infrastructure median |
|---|---|---|---|
| Gross margin | 74.26% | 72.58% | 61.23% |
| Operating margin | (50.48%) | (14.11%) | 0.00% |
| Net margin | 3.13% | (8.21%) | 0.00% |
| Free cash flow margin | (433.81%) | 12.53% | 1.67% |
| Return on equity | 0.60% | (14.43%) | 0.59% |
| Return on assets | 0.26% | (3.43%) | 0.00% |
| Return on invested capital | (3.94%) | 0.00% | 0.00% |
Growth
Health
Dividend
Size
Any metric, up to five companies and an Excel export Powerpack