Cloudflare, Inc. (NET) vs Palo Alto Networks, Inc. (PANW)

Cloudflare, Inc. and Palo Alto Networks, Inc. are both Software Infrastructure companies. Palo Alto Networks, Inc. is the larger, with a market value of $316.8B against $128.1B — 2.5× the size. Cloudflare, Inc. has negative trailing earnings, so its P/E is not meaningful; Palo Alto Networks, Inc. trades at 706×. Cloudflare, Inc. grew revenue faster over the last twelve months: 33.5% against 24.5%. Palo Alto Networks, Inc. has the higher net margin (2.67% vs −8.21%) and the higher return on invested capital (1.66% vs 0.00%). Across the 19 metrics below, Palo Alto Networks, Inc. leads on 13 and Cloudflare, Inc. on 6.