Datadog, Inc. vs Cloudflare, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsDevTools & Observability
Data as of Q2 2026
Summary Verdict
DDOG: 4—NET: 1wins
Rule of 40
66.8DDOG
53.2NET
check_circleDDOG leads
Revenue Growth
43.1%DDOG
44.4%NET
check_circleNET leads
Gross Margin
79%DDOG
73%NET
check_circleDDOG leads
FCF Margin
23.7%DDOG
8.8%NET
check_circleDDOG leads
Operating Margin
-0.7%DDOG
-15.4%NET
check_circleDDOG leads
NRR
—DDOG
—NET
Metric
Rule of 40Efficiency score
DDOG
66.8check_circle
NET
53.2
Revenue GrowthYoY
DDOG
43.1%
NET
44.4%check_circle
Gross Margin% of revenue
DDOG
79%check_circle
NET
73%
FCF MarginFree cash flow
DDOG
23.7%check_circle
NET
8.8%
Operating MarginGAAP
DDOG
-0.7%check_circle
NET
-15.4%
NRRNet retention
DDOG
N/A
NET
N/A
EV / RevenueValuation multiple
DDOG
21.6xcheck_circle
NET
44.1x
Market CapUSD
DDOG
$84.4B
NET
$106.4Bcheck_circle
ARR GrowthYoY
DDOG
N/A
NET
N/A
CAC PaybackMonths to recover
DDOG
N/A
NET
N/A
insights
Analysis
As of Q2 2026, Datadog, Inc. trades at 21.6x EV/Revenue versus Cloudflare, Inc. at 44.1x. On the Rule of 40, Datadog, Inc. scores 66.8 compared to Cloudflare, Inc.'s 53.2, placing Datadog, Inc. ahead in operating efficiency. Gross margins stand at Datadog, Inc. 79% vs Cloudflare, Inc. 73%.
Sector Context
Datadog, Inc. operates in the DevTools & Observability sector and Cloudflare, Inc. operates in the Vertical SaaS sector. The median comparison above shows where they stand relative to their respective peers.