Meta Platforms, Inc. vs CLOUDFLARE, INC., two Software stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Where META and NET diverge most: on operating margin, META reads 40.6% and NET reads -9.7%; on net margin, META reads 36.9% and NET reads -3.7%. The rest of the comparable metrics sit closer together. What META's price implies is a demanding bet versus history and the cohort (segment-resolved 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 | META | NET |
|---|---|---|
| Price | $595.18 | $262.22 |
| Market cap | $1.53T | $92.5B |
| Sector | Software | Software |
| Stage | Mature | Growth |
| P/E | 21.6 | — |
| P/B | 6.26 | 60.57 |
| P/S | 7.10 | 39.71 |
| EV/EBITDA | 14.3 | 4234.7 |
| Revenue growth | +26.2% | +31.4% |
| Gross margin | — | 71.2% |
| Operating margin | 40.6% | -9.7% |
| Net margin | 36.9% | -3.7% |
| Return on equity | 32.6% | -5.7% |
| Return on assets | 20.1% | -1.4% |
| Return on invested capital | 23.1% | -4.1% |
| FCF yield | 3.2% | 0.3% |
| Dividend yield | 0.3% | — |
| Debt / equity | 0.24 | 1.29 |
| Current ratio | 2.35 | 1.96 |
| Altman Z (solvency) | 7.44 | 6.51 |
| Piotroski F (quality) | 7 / 9 | 5 / 9 |
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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.