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Side-by-side financial comparison of Datadog (DDOG) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Datadog is the larger business by last-quarter revenue ($953.2M vs $614.5M, roughly 1.6× Cloudflare, Inc.). Datadog runs the higher net margin — 4.9% vs -2.0%, a 6.9% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 29.2%). Datadog produced more free cash flow last quarter ($318.2M vs $105.2M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 24.9%).
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
DDOG vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $953.2M | $614.5M |
| Net Profit | $46.6M | $-12.1M |
| Gross Margin | 80.4% | 73.6% |
| Operating Margin | 1.0% | -8.0% |
| Net Margin | 4.9% | -2.0% |
| Revenue YoY | 29.2% | 33.6% |
| Net Profit YoY | 2.1% | 6.0% |
| EPS (diluted) | $0.13 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $953.2M | $614.5M | ||
| Q3 25 | $885.7M | $562.0M | ||
| Q2 25 | $826.8M | $512.3M | ||
| Q1 25 | $761.6M | $479.1M | ||
| Q4 24 | $737.7M | $459.9M | ||
| Q3 24 | $690.0M | $430.1M | ||
| Q2 24 | $645.3M | $401.0M | ||
| Q1 24 | $611.3M | $378.6M |
| Q4 25 | $46.6M | $-12.1M | ||
| Q3 25 | $33.9M | $-1.3M | ||
| Q2 25 | $2.6M | $-50.4M | ||
| Q1 25 | $24.6M | $-38.5M | ||
| Q4 24 | $45.6M | $-12.8M | ||
| Q3 24 | $51.7M | $-15.3M | ||
| Q2 24 | $43.8M | $-15.1M | ||
| Q1 24 | $42.6M | $-35.5M |
| Q4 25 | 80.4% | 73.6% | ||
| Q3 25 | 80.1% | 74.0% | ||
| Q2 25 | 79.9% | 74.9% | ||
| Q1 25 | 79.3% | 75.9% | ||
| Q4 24 | 80.5% | 76.4% | ||
| Q3 24 | 80.0% | 77.7% | ||
| Q2 24 | 80.9% | 77.8% | ||
| Q1 24 | 82.0% | 77.5% |
| Q4 25 | 1.0% | -8.0% | ||
| Q3 25 | -0.7% | -6.7% | ||
| Q2 25 | -4.3% | -13.1% | ||
| Q1 25 | -1.6% | -11.1% | ||
| Q4 24 | 1.3% | -7.5% | ||
| Q3 24 | 2.9% | -7.2% | ||
| Q2 24 | 2.0% | -8.7% | ||
| Q1 24 | 2.0% | -14.4% |
| Q4 25 | 4.9% | -2.0% | ||
| Q3 25 | 3.8% | -0.2% | ||
| Q2 25 | 0.3% | -9.8% | ||
| Q1 25 | 3.2% | -8.0% | ||
| Q4 24 | 6.2% | -2.8% | ||
| Q3 24 | 7.5% | -3.6% | ||
| Q2 24 | 6.8% | -3.8% | ||
| Q1 24 | 7.0% | -9.4% |
| Q4 25 | $0.13 | $-0.03 | ||
| Q3 25 | $0.10 | $0.00 | ||
| Q2 25 | $0.01 | $-0.15 | ||
| Q1 25 | $0.07 | $-0.11 | ||
| Q4 24 | $0.14 | $-0.05 | ||
| Q3 24 | $0.14 | $-0.04 | ||
| Q2 24 | $0.12 | $-0.04 | ||
| Q1 24 | $0.12 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $401.3M | $943.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.7B | $1.5B |
| Total Assets | $6.6B | $6.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $401.3M | $943.5M | ||
| Q3 25 | $540.6M | $1.1B | ||
| Q2 25 | $489.0M | $1.5B | ||
| Q1 25 | $1.1B | $204.5M | ||
| Q4 24 | $1.2B | $147.7M | ||
| Q3 24 | $337.4M | $182.9M | ||
| Q2 24 | $411.0M | $157.0M | ||
| Q1 24 | $282.2M | $254.4M |
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $3.4B | $1.3B | ||
| Q2 25 | $3.2B | $1.2B | ||
| Q1 25 | $2.9B | $1.4B | ||
| Q4 24 | $2.7B | $1.0B | ||
| Q3 24 | $2.6B | $973.1M | ||
| Q2 24 | $2.4B | $881.5M | ||
| Q1 24 | $2.2B | $797.2M |
| Q4 25 | $6.6B | $6.0B | ||
| Q3 25 | $6.1B | $5.8B | ||
| Q2 25 | $5.8B | $5.6B | ||
| Q1 25 | $6.0B | $3.7B | ||
| Q4 24 | $5.8B | $3.3B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.4B | $2.9B | ||
| Q1 24 | $4.1B | $2.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $327.1M | $190.4M |
| Free Cash FlowOCF − Capex | $318.2M | $105.2M |
| FCF MarginFCF / Revenue | 33.4% | 17.1% |
| Capex IntensityCapex / Revenue | 0.9% | 13.9% |
| Cash ConversionOCF / Net Profit | 7.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.1M | $190.4M | ||
| Q3 25 | $251.5M | $167.1M | ||
| Q2 25 | $200.1M | $99.8M | ||
| Q1 25 | $271.5M | $145.8M | ||
| Q4 24 | $265.2M | $127.3M | ||
| Q3 24 | $228.7M | $104.7M | ||
| Q2 24 | $164.4M | $74.8M | ||
| Q1 24 | $212.3M | $73.6M |
| Q4 25 | $318.2M | $105.2M | ||
| Q3 25 | $234.7M | $82.5M | ||
| Q2 25 | $184.9M | $39.9M | ||
| Q1 25 | $262.8M | $59.9M | ||
| Q4 24 | $257.5M | $54.2M | ||
| Q3 24 | $220.3M | $54.5M | ||
| Q2 24 | $160.0M | $45.2M | ||
| Q1 24 | $198.1M | $41.5M |
| Q4 25 | 33.4% | 17.1% | ||
| Q3 25 | 26.5% | 14.7% | ||
| Q2 25 | 22.4% | 7.8% | ||
| Q1 25 | 34.5% | 12.5% | ||
| Q4 24 | 34.9% | 11.8% | ||
| Q3 24 | 31.9% | 12.7% | ||
| Q2 24 | 24.8% | 11.3% | ||
| Q1 24 | 32.4% | 11.0% |
| Q4 25 | 0.9% | 13.9% | ||
| Q3 25 | 1.9% | 15.1% | ||
| Q2 25 | 1.8% | 11.7% | ||
| Q1 25 | 1.1% | 17.9% | ||
| Q4 24 | 1.1% | 15.9% | ||
| Q3 24 | 1.2% | 11.7% | ||
| Q2 24 | 0.7% | 7.4% | ||
| Q1 24 | 2.3% | 8.5% |
| Q4 25 | 7.02× | — | ||
| Q3 25 | 7.42× | — | ||
| Q2 25 | 75.58× | — | ||
| Q1 25 | 11.02× | — | ||
| Q4 24 | 5.82× | — | ||
| Q3 24 | 4.42× | — | ||
| Q2 24 | 3.75× | — | ||
| Q1 24 | 4.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
