Which has higher NRR - Cloudflare or Palo Alto Networks?

As of their most recent disclosures, Cloudflare has higher NRR (120% vs 119%) - a difference of +1pp.

Which had the higher all-time NRR peak?

Cloudflare hit 127% in FY2022-Q1 versus Palo Alto Networks's peak of 120% in FY2025-Q4.

cust.co / Compare / Cloudflare vs Palo Alto Networks

Cloudflare vs Palo Alto Networks - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Security. Both at Public stage.

Stat-by-stat

Metric	Cloudflare	Palo Alto Networks
Latest NRR	120%	119%
All-time peak NRR	127%	120%
All-time low NRR	110%	119%
QoQ change	+1pp	-1pp
YoY change	+9pp	-
3-year change	+6pp	-
Disclosures tracked	19	2

Customer cohorts

Metric	Cloudflare	Palo Alto Networks
Total customers	295,552	1,550
Over $100K ARR	4,009	-
Over $1M ARR	-	-
Top-10 concentration	-	-
Average ACV	-	-
US revenue mix	-	68%

Commercial structure

Metric	Cloudflare	Palo Alto Networks
Total RPO	-	-
Current RPO (12mo)	-	-
Multi-year contracts	-	-
Avg contract length	-	-
Subscription rev mix	-	-
New customers added	-	110

Post-sales motion

Metric	Cloudflare	Palo Alto Networks
CS team size	-	-
Customers per CSM	-	-
Pricing model	hybrid	hybrid
Renewal cadence	multi-year	annual
CSM coverage model	account-named	account-named
Top customer exec	Mark Anderson	-

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