Fastly, Inc. vs Cloudflare, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q2 2026
Summary Verdict
FSLY: 0—NET: 5wins
Rule of 40
25.0FSLY
53.2NET
check_circleNET leads
Revenue Growth
22.0%FSLY
44.4%NET
check_circleNET leads
Gross Margin
60%FSLY
73%NET
check_circleNET leads
FCF Margin
3.0%FSLY
8.8%NET
check_circleNET leads
Operating Margin
-15.7%FSLY
-15.4%NET
check_circleNET leads
NRR
—FSLY
—NET
Metric
Rule of 40Efficiency score
FSLY
25.0
NET
53.2check_circle
Revenue GrowthYoY
FSLY
22.0%
NET
44.4%check_circle
Gross Margin% of revenue
FSLY
60%
NET
73%check_circle
FCF MarginFree cash flow
FSLY
3.0%
NET
8.8%check_circle
Operating MarginGAAP
FSLY
-15.7%
NET
-15.4%check_circle
NRRNet retention
FSLY
N/A
NET
N/A
EV / RevenueValuation multiple
FSLY
5.8xcheck_circle
NET
41.0x
Market CapUSD
FSLY
$3.2B
NET
$99.0Bcheck_circle
ARR GrowthYoY
FSLY
N/A
NET
N/A
CAC PaybackMonths to recover
FSLY
N/A
NET
N/A
insights
Analysis
As of Q2 2026, Fastly, Inc. trades at 5.8x EV/Revenue versus Cloudflare, Inc. at 41.0x. On the Rule of 40, Fastly, Inc. scores 25.0 compared to Cloudflare, Inc.'s 53.2, placing Cloudflare, Inc. ahead in operating efficiency. Gross margins stand at Fastly, Inc. 60% vs Cloudflare, Inc. 73%.
Sector Context
Both companies operate in the Vertical SaaS sector. The median columns above show where each company stands relative to their peers.