AppLovin Corp vs CLOUDFLARE, INC., two Software stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where APP and NET diverge most: on operating margin, APP reads 78.2% and NET reads -9.7%; on net margin, APP reads 67.9% and NET reads -3.7%. The rest of the comparable metrics sit closer together. What APP's price implies is a somewhat stretched bet versus history (whole-company basis). What NET's price implies is a somewhat stretched bet versus history (revenue-multiple basis). The bull and bear cases for each are in their full reports below.
| Metric | APP | NET |
|---|---|---|
| Price | $391.76 | $262.22 |
| Market cap | $132.7B | $92.5B |
| Sector | Software | Software |
| Stage | Growth | Growth |
| P/E | 33.7 | — |
| P/B | 56.15 | 60.57 |
| P/S | 22.73 | 39.71 |
| EV/EBITDA | 26.9 | 4234.7 |
| Revenue growth | +79.8% | +31.4% |
| Gross margin | — | 71.2% |
| Operating margin | 78.2% | -9.7% |
| Net margin | 67.9% | -3.7% |
| Return on equity | 167.7% | -5.7% |
| Return on assets | 51.4% | -1.4% |
| Return on invested capital | 70.6% | -4.1% |
| FCF yield | 3.3% | 0.3% |
| Debt / equity | 1.49 | 1.29 |
| Current ratio | 3.24 | 1.96 |
| Altman Z (solvency) | 8.25 | 6.51 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.