Fastly, Inc. vs Cloudflare, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q1 2026
Summary Verdict
FSLY: 0—NET: 5wins
Rule of 40
18.0FSLY
41.1NET
check_circleNET leads
Revenue Growth
14.8%FSLY
31.4%NET
check_circleNET leads
Gross Margin
57%FSLY
74%NET
check_circleNET leads
FCF Margin
3.2%FSLY
9.7%NET
check_circleNET leads
Operating Margin
-20.5%FSLY
-10.0%NET
check_circleNET leads
NRR
—FSLY
—NET
Metric
Rule of 40Efficiency score
FSLY
18.0
NET
41.1check_circle
Revenue GrowthYoY
FSLY
14.8%
NET
31.4%check_circle
Gross Margin% of revenue
FSLY
57%
NET
74%check_circle
FCF MarginFree cash flow
FSLY
3.2%
NET
9.7%check_circle
Operating MarginGAAP
FSLY
-20.5%
NET
-10.0%check_circle
NRRNet retention
FSLY
N/A
NET
N/A
EV / RevenueValuation multiple
FSLY
6.2xcheck_circle
NET
44.9x
Market CapUSD
FSLY
$3.2B
NET
$98.5Bcheck_circle
ARR GrowthYoY
FSLY
N/A
NET
N/A
CAC PaybackMonths to recover
FSLY
N/A
NET
N/A
insights
Analysis
As of Q1 2026, Fastly, Inc. trades at 6.2x EV/Revenue versus Cloudflare, Inc. at 44.9x. On the Rule of 40, Fastly, Inc. scores 18.0 compared to Cloudflare, Inc.'s 41.1, placing Cloudflare, Inc. ahead in operating efficiency. Gross margins stand at Fastly, Inc. 57% vs Cloudflare, Inc. 74%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.