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

Table displaying valuation multiples, revenue growth rates, margins, and performance metrics for the top 10 cloud software companies, led by Palantir and CrowdStrike.
| Label | Value shown on the chart |
|---|---|
| Palantir (EV / NTM Rev) | 47.1x |
| CrowdStrike (EV / NTM Rev) | 37.0x |
| Cloudflare (EV / NTM Rev) | 34.5x |
| Palo Alto (EV / NTM Rev) | 21.9x |
| Datadog (EV / NTM Rev) | 18.7x |
| Snowflake (EV / NTM Rev) | 16.5x |
| JFrog (EV / NTM Rev) | 15.5x |
| Rubrik (EV / NTM Rev) | 13.3x |
| Shopify (EV / NTM Rev) | 13.2x |
| Veeva (EV / NTM Rev) | 11.2x |
| Top 10 Average (EV / NTM Rev) | 22.9x |
| Top 10 Median (EV / NTM Rev) | 17.6x |
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