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.

Palo Alto Networks leads by +2pp on latest NRR (120% vs 118%).

NRR over time

107%113%119%124%130% FY2025-Q2025FY2019-Q3FY2020-Q3FY2021-Q3FY2024-Q2FY2025-Q1FY2025-Q4FY2026-Q3 NRR Cloudflare Palo Alto Networks Cloudflare - FY2025-Q2025: 114% Cloudflare - FY2019-Q1: 118% Cloudflare - FY2019-Q2: 122% Cloudflare - FY2019-Q3: 121% Cloudflare - FY2020-Q1: 117% Cloudflare - FY2020-Q2: 115% Cloudflare - FY2020-Q3: 116% Cloudflare - FY2021-Q1: 123% Cloudflare - FY2021-Q2: 124% Cloudflare - FY2021-Q3: 124% Cloudflare - FY2022-Q1: 127% Cloudflare - FY2024-Q1: 115% Cloudflare - FY2024-Q2: 112% Cloudflare - FY2024-Q3: 110% Cloudflare - FY2024-Q4: 111% Cloudflare - FY2025-Q1: 111% Cloudflare - FY2025-Q2: 114% Cloudflare - FY2025-Q3: 119% Cloudflare - FY2025-Q4: 120% Cloudflare - FY2026-Q1: 118% Palo Alto Networks - FY2025-Q4: 120% Palo Alto Networks - FY2026-Q2: 119% Palo Alto Networks - FY2026-Q3: 120%

Cloudflare hit a higher all-time peak (127% in FY2022-Q1).

Stat-by-stat

Metric Cloudflare Palo Alto Networks
Latest NRR 118% 120%
All-time peak NRR 127% 120%
All-time low NRR 110% 119%
QoQ change -2pp +1pp
YoY change +7pp -
3-year change +4pp -
Disclosures tracked 20 3

Customer cohorts

MetricCloudflarePalo Alto Networks
Total customers 295,552 2,280
Over $100K ARR 4,416 -
Over $1M ARR - 270
Top-10 concentration - -
Average ACV - $1M
US revenue mix 49% 68%

Commercial structure

MetricCloudflarePalo Alto Networks
Total RPO $2.5B $18.4B
Current RPO (12mo) $1.6B $8.3B
Multi-year contracts - -
Avg contract length - 36 mo
Subscription rev mix - 80%
New customers added - 110

Post-sales motion

MetricCloudflarePalo Alto Networks
CS team size - 16,068
Customers per CSM - -
Pricing model hybrid hybrid
Renewal cadence multi-year multi-year
CSM coverage model hybrid account-named
Top customer exec - -

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