Datadog vs Cloudflare (DDOG vs NET)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Datadog is the larger company by revenue ($3.4B vs $2.2B). Cloudflare carries the larger market value ($98.6B vs $96.4B). Datadog has grown revenue faster over the last 4 fiscal years (+233.1% cumulative vs +230.3%). Datadog runs the higher operating margin (-1.3% vs -9.6%).
About Datadog
Datadog, Inc. provides a cloud-based software platform that integrates infrastructure monitoring, application performance monitoring, log management, user experience monitoring, cloud security, and service management. Its platform serves organizations of all sizes across various industries, enabling collaboration among development, operations, security, and business teams to monitor and secure their technology environments. Datadog's services support digital transformation and cloud migration by offering real-time observability and security for complex cloud and hybrid infrastructures.
About Cloudflare
Cloudflare, Inc. provides a global cloud-based network platform that delivers security, performance, and reliability services for Internet applications, websites, and APIs. Its products include application security solutions such as web application firewalls, bot management, DDoS mitigation, API security, and encryption services. Cloudflare serves businesses of all sizes worldwide, helping them secure and optimize their online presence and infrastructure.
Head to head (DDOG FY2025 vs NET FY2025)
| Metric | DDOGFY2025 | NETFY2025 |
|---|---|---|
| Revenue | $3.43B | $2.17B |
| Revenue growth (YoY) | 27.7% | 29.8% |
| Gross margin | 80.0% | 74.5% |
| Operating margin | -1.3% | -9.6% |
| Net margin | 3.1% | -4.7% |
| Net income | $107.7M | $-102.3M |
| Diluted EPS | $0.31 | $-0.29 |
| FCF margin | 29.2% | 13.3% |
| ROE | 2.9% | -7.0% |
| Debt / equity | — | — |
| Market cap | $96.37B | $98.55B |
| P/E (TTM) | 694.2× | — |
Fundamentals are from each company’s SEC filings (DDOG FY2025, NET FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| DDOG | $1.03B | $1.68B | $2.13B | $2.68B | $3.43B |
| NET | $656.4M | $975.2M | $1.30B | $1.67B | $2.17B |
Peer standing
Where each company ranks among the 330 software companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | DDOG | NET |
|---|---|---|
| Gross margin | 80.0%85th percentile of 261 | 74.5%67th percentile of 261 |
| Operating margin | -1.3%40th percentile of 302 | -9.6%27th percentile of 302 |
| Net margin | 3.1%52nd percentile of 306 | -4.7%34th percentile of 306 |
| FCF margin | 29.2%85th percentile of 283 | 13.3%48th percentile of 283 |
| Revenue growth (YoY) | +27.7%83rd percentile of 323 | +29.8%85th percentile of 323 |
| ROE | 2.9%48th percentile of 283 | -7.0%32nd percentile of 283 |
| Short interest (days to cover) | 3.02d51st percentile of 329 | 2.75d46th percentile of 329 |
Short interest
| FINRA settlement data | DDOG | NET |
|---|---|---|
| Shares sold short | 14.7M | 9.3M |
| Change vs prior settlement | +0.8% | +3.8% |
| Days to cover | 3.02 | 2.75 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | DDOG | NET |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 270 ($375.5M) | 257 ($211.1M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
Held by the same investors
10 tracked 13F managers hold both Datadog and Cloudflare as of their latest quarterly filings: AQR Capital Management, ARK Investment Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Point72 Asset Management, Sands Capital Management, Soros Fund Management, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.