NetNet vs Peel
Retention, subscription and cohort analytics for DTC brands
Peel is a retention and subscription analytics platform with cohort, churn and RFM tooling, free under 16,000 monthly orders and $499 upward beyond that. NetNet is a Shopify profit analytics app reporting profit per order, from $15. Retention tells you what a customer becomes worth; margin tells you what you can pay to acquire them.
Written by Atul Tirkey · Co-founder, NetNet
Updated September 6, 2026 · 3 min read
Peel and NetNet both sell to DTC brands and both promise better decisions, which is roughly where the similarity ends. One measures customers over time; the other measures orders at the moment they ship.
Two halves of the same equation
Contribution margin per order tells you what a single order contributes after every cost of serving it. Retention tells you how many orders a customer will place.
Multiply them and you have what a customer is worth. Neither figure alone gets you there, and both failure modes are expensive:
Margin without retention understates customer value in a business with genuine repeat purchase, so you underbid for customers your competitors are happily paying more for.
Retention without margin overstates it, because a customer who buys four times at a margin you never measured may be producing less than you assume — particularly if their orders are heavy, discounted or frequently returned.
Peel is built for the second half. NetNet is built for the first.
Where Peel is deeper
Repurchase rate, churn, cohort trends, RFM segmentation, subscription reporting, and audiences exportable into Klaviyo and Meta. Its listing describes 150-plus metrics with ready-made templates.
The audience export is worth calling out because it crosses from analysis into action. Producing a segment and pushing it into your email platform or ad account is a workflow, not a report, and it is the kind of thing a profit calculator has no business attempting.
Where NetNet is deeper
The cost model behind an individual order. Per-weight and per-region shipping rules against carrier invoices, gateway rates including the tax charged on fees with a test tool, refund costs attributed back to the originating order, per-order overrides when reality differs from the rule, and four profit layers that reconcile to one another.
None of that helps you understand churn. All of it is required before “what is a customer worth” has a defensible answer.
The pricing shapes are opposite
This is the most practically useful difference, and it inverts depending on your size.
Peel is free up to 16,000 orders a month across three stores — genuinely generous, and for a growing store with no analytics budget it is hard to argue against. Above that, the entry paid plan is $499 a month.
NetNet has no free tier and starts at $15, metered on monthly revenue rather than order count.
So a store doing 3,000 orders a month pays nothing for Peel and, depending on its revenue, $15 to $99 for NetNet. A store doing 25,000 orders pays $499 for Peel and, depending on order value, $99 or $199 for NetNet. Neither is consistently cheaper — it depends entirely on where you sit.
Where each one misleads on its own
Both tools produce numbers that are correct and incomplete, and the incompleteness runs in opposite directions.
Retention data without margin tends to encourage spending. A healthy repeat rate makes customers look valuable, and the natural conclusion is to acquire more of them — which is right only if the orders they place actually contribute. A cohort that buys four times at a contribution margin nobody has measured can be worth considerably less than the curve implies.
Margin data without retention tends to encourage caution. Judged on the first order alone, a business with genuine repeat purchase looks like it can afford far less acquisition cost than it really can, so it underbids and loses customers to competitors doing the fuller calculation.
Neither error announces itself. Both look like disciplined decision-making from inside.
Running both
For a retention-led brand this is a reasonable pairing, and more defensible than most two-tool arguments, because the products genuinely do not overlap. Peel answers what customers do; NetNet answers what the orders earned.
If you can only run one, the question is which half of the equation you are currently guessing at. A brand that knows its repeat rate precisely and has never costed a carrier invoice should start here. A brand that knows its margin to the cent and has never built a cohort curve should start there.
What Peel does better
Retention is the whole product and it goes considerably deeper than anything a profit tool offers. Repurchase rate, churn, cohort trends, RFM segmentation with audiences exportable to Klaviyo and Meta, subscription analytics, and a stated 150-plus metrics with ready-made templates. For a brand whose economics rest on repeat purchase, that is the right instrument.
What NetNet does better
The other half of the equation, at a depth retention tooling does not attempt. Per-weight and per-region shipping rules checked against carrier invoices, gateway fees including the tax charged on them with a test tool, refund costs attributed back to the originating order, per-order overrides, and four profit layers that reconcile to one another. Without a measured contribution margin, a cohort curve says how many orders a customer places and nothing about whether those orders were worth having.
Capability comparison
| Capability | NetNet | Peel |
|---|---|---|
| Primary purpose | Per-order profit calculation | Retention, cohort and subscription analytics |
| Cohort and retention depth | New versus returning, repeat purchase rate | Repurchase rate, churn, cohort trends, RFM segmentation |
| Subscription analytics | Not supported | Dedicated subscription reporting |
| Audience segmentation and export | Not offered | RFM audiences exportable to Klaviyo and Meta |
| Profit layers | Gross profit, contribution margin, marketing profit, net profit | Not a cost ladder |
| Gateway fee modelling | Rate, flat fee and tax on fee | Not the focus |
| Shipping cost detail | Per-weight and per-region rules, carrier integrations | Not the focus |
| Refund cost attribution | Attributed back to the original order | Not the focus |
| Multi-store | Single store | Up to 3 stores on lower tiers, 7 on the top tier |
| Free tier | None, 14-day trial instead | Free up to 16,000 orders per month |
| Named integrations | Meta, Google, ShipStation, Shippo | Amazon, Facebook Ads, Google Ads, Google Analytics, Klaviyo, Recharge |
Pricing
| Tier | NetNet | Peel |
|---|---|---|
| Free | None, 14-day trial instead | Free — 16,000 orders/month, 3 stores |
| Entry paid | $15/month, up to $5K monthly revenue ($49 at $25K) | $499/month (Essentials) — 29,000 orders, 3 stores |
| Upper | $199/month, up to $250K monthly revenue | $899/month (Accelerate) — 62,000 orders, 7 stores |
| Annual | Annual option available | 10% discount on annual |
The structures are almost opposite. Peel is free up to a generous order volume and then jumps to $499, which suits a store with many orders and no budget for analytics. NetNet starts at $15 with no free tier. A small store pays nothing for Peel and $15 for NetNet; a larger one pays $499 for Peel and $99 for NetNet.
Which one fits
Choose Peel if
- Repeat purchase and churn are the economics that decide whether your business works
- You run subscriptions and need dedicated subscription reporting
- You want RFM segments pushed into Klaviyo or Meta as audiences
- Your order volume sits inside the free tier and budget is the binding constraint
Choose NetNet if
- You need to know what an order earned after shipping, fees and refunds
- Contribution margin per order is the number setting your acquisition budget
- Your gateway rates are non-standard or your market taxes processing fees
- Delivery costs vary enough by weight and region that averages mislead you
Frequently asked questions
Which is better for cohort analysis?
Peel, clearly. Cohorts, churn, repurchase rate and RFM segmentation are the centre of its product. NetNet reports new versus returning and repeat rate, which is a much shallower treatment of the same territory.
Does Peel calculate profit?
Retention and subscription analytics are its focus rather than cost modelling. Questions like what a carrier actually invoiced, how gateway fee tax applies, or what a return cost end to end are a different data problem from measuring what customers do over time.
Is Peel really free?
There is a free tier covering up to 16,000 orders a month across three stores, which is unusually generous. Paid plans begin at $499 a month, so the step up is large when you cross it.
Do retention and margin answer the same question?
No, but they multiply. Contribution margin sets what one order is worth; retention says how many orders a customer produces. You need both to know what acquiring a customer is genuinely worth, and either alone can mislead.