Charts / Clouded Judgement (Altimeter)
Top 10 cloud software EV/NTM revenue multiples

This table lists the top 10 cloud software companies sorted by EV / NTM Revenue multiples, along with key metrics such as NTM Revenue Growth, Gross Margin, Operating Margin, and FCF Margin.
| Label | Value shown on the chart |
|---|---|
| Palantir (EV / NTM Rev) | 46.6x |
| CrowdStrike (EV / NTM Rev) | 40.0x |
| Cloudflare (EV / NTM Rev) | 37.3x |
| Palo Alto (EV / NTM Rev) | 23.6x |
| Datadog (EV / NTM Rev) | 19.3x |
| Snowflake (EV / NTM Rev) | 17.8x |
| JFrog (EV / NTM Rev) | 16.0x |
| Rubrik (EV / NTM Rev) | 13.5x |
| Shopify (EV / NTM Rev) | 12.2x |
| Okta (EV / NTM Rev) | 11.0x |
| Top 10 Average (EV / NTM Rev) | 23.7x |
| Top 10 Median (EV / NTM Rev) | 18.5x |
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