analyticsData & Analytics
Data as of Q1 2026
Summary Verdict
SNOW: 4—CFLT: 1wins
Rule of 40
53.1SNOW
26.3CFLT
check_circleSNOW leads
Revenue Growth
29.2%SNOW
21.1%CFLT
check_circleSNOW leads
Gross Margin
67%SNOW
74%CFLT
check_circleCFLT leads
FCF Margin
23.9%SNOW
5.2%CFLT
check_circleSNOW leads
Operating Margin
-30.6%SNOW
-32.6%CFLT
check_circleSNOW leads
NRR
—SNOW
—CFLT
Metric
Rule of 40Efficiency score
SNOW
53.1check_circle
CFLT
26.3
Revenue GrowthYoY
SNOW
29.2%check_circle
CFLT
21.1%
Gross Margin% of revenue
SNOW
67%
CFLT
74%check_circle
FCF MarginFree cash flow
SNOW
23.9%check_circle
CFLT
5.2%
Operating MarginGAAP
SNOW
-30.6%check_circle
CFLT
-32.6%
NRRNet retention
SNOW
N/A
CFLT
N/A
EV / RevenueValuation multiple
SNOW
10.5x
CFLT
10.1xcheck_circle
Market CapUSD
SNOW
$52.0Bcheck_circle
CFLT
$11.1B
ARR GrowthYoY
SNOW
N/A
CFLT
N/A
CAC PaybackMonths to recover
SNOW
N/A
CFLT
N/A
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insights
Analysis
As of Q1 2026, Snowflake Inc. trades at 10.5x EV/Revenue versus Confluent, Inc. at 10.1x. On the Rule of 40, Snowflake Inc. scores 53.1 compared to Confluent, Inc.'s 26.3, placing Snowflake Inc. ahead in operating efficiency. Gross margins stand at Snowflake Inc. 67% vs Confluent, Inc. 74%.
Sector Context
Both companies operate in the Data & Analytics sector. The median columns above show where each company stands relative to their peers.