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

A financial table showing valuation multiples, revenue growth, and margins for the top 10 public cloud software companies, led by Palantir at 45.4x EV/NTM Revenue.
| Label | Value shown on the chart |
|---|---|
| Palantir (EV/NTM Rev) | 45.4x |
| Cloudflare (EV/NTM Rev) | 40.0x |
| CrowdStrike (EV/NTM Rev) | 39.7x |
| Palo Alto (EV/NTM Rev) | 23.2x |
| Datadog (EV/NTM Rev) | 18.0x |
| Snowflake (EV/NTM Rev) | 16.6x |
| JFrog (EV/NTM Rev) | 15.5x |
| Rubrik (EV/NTM Rev) | 12.7x |
| Digital Ocean (EV/NTM Rev) | 12.2x |
| Shopify (EV/NTM Rev) | 10.5x |
| Top 10 Average (EV/NTM Rev) | 23.4x |
| Top 10 Median (EV/NTM Rev) | 17.3x |
Shown as a preview with credit and a link to the original. Publishers can request removal.
View the original on cloudedjudgement.substack.com





