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

Table displaying financial and valuation metrics for top cloud software companies, including EV/NTM Rev multiples, revenue growth, gross margin, operating margin, and FCF margin. Palantir leads with an EV/NTM Rev multiple of 45.8x.
| Label | Value shown on the chart |
|---|---|
| Palantir (EV / NTM Rev) | 45.8x |
| CrowdStrike (EV / NTM Rev) | 39.6x |
| Cloudflare (EV / NTM Rev) | 33.8x |
| Palo Alto (EV / NTM Rev) | 22.5x |
| Datadog (EV / NTM Rev) | 18.7x |
| Snowflake (EV / NTM Rev) | 16.3x |
| JFrog (EV / NTM Rev) | 16.3x |
| Rubrik (EV / NTM Rev) | 15.0x |
| Shopify (EV / NTM Rev) | 12.4x |
| Okta (EV / NTM Rev) | 11.1x |
| Top 10 Average (EV / NTM Rev) | 23.1x |
| Top 10 Median (EV / NTM Rev) | 17.5x |
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