BB vs CRNC vs FROG Stock Comparison

Blackberry, Cerence and JFrog Prices as of Oct 27, 2026 Peers: Industry group
BB BLACKBERRY Ltd
$9.55 +16.5% 1M +99.0% 1Y
Market cap
$5.61B
P/E
69.7x
Revenue (TTM)
$614.00M
Div. yield
–
Embedded Software Technology
5 wins
CRNC Cerence Inc.
$8.47 +6.5% 1M -25.6% 1Y
Market cap
$382.74M
P/E
–
Revenue (TTM)
$309.49M
Div. yield
–
Embedded Software Technology
1 win
FROG JFrog Ltd
$100.46 +12.6% 1M +101.3% 1Y
Market cap
$12.36B
P/E
–
Revenue (TTM)
$599.96M
Div. yield
–
Developer Tools Technology
4 wins

Head to Head

10 decided of 12

Blackberry leads on 5 of the 12 questions below (Blackberry 5, JFrog 4, Cerence 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBBCRNCFROGLeader
Larger companyMarket capitalisation $5.61B $382.74M $12.36B FROG
Cheaper on earningsLower P/E, profitable companies only 69.7x -24.9x -277.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 43.4x 11.1x 106.9x CRNC
Faster revenue growthRevenue growth, trailing twelve months +14.4% +25.8% +26.4% FROG
More profitableNet margin, trailing twelve months 13.1% -5.0% -7.3% BB
Better return on capitalReturn on invested capital 7.5% 0.0% — BB
Less leveragedLower net debt / EBITDA -1.8x 4.7x — BB
Higher dividend yieldTrailing dividend yield — — — –
Better 1-year returnPrice return, last 12 months +99.0% -25.6% +101.3% FROG
Better 5-year returnAnnualised price return, 5 years -2.4%/yr -39.2%/yr +25.3%/yr FROG
Less volatileAnnualised volatility, 1 year 62.9% 76.8% 75.1% BB
Higher overall scoreMean of the five percentile scores vs peers 70/100 67/100 60/100 BB

Percentile Scorecard

BBCRNCFROG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBBCRNCFROG
Valuation 54 #58 of 124 96 #6 of 124 42 #73 of 124
Growth 87 #16 of 113 93 #9 of 113 80 #23 of 113
Profitability 82 #21 of 109 72 #31 of 109 57 #47 of 109
Financial Health 65 #45 of 127 28 #92 of 127 71 #37 of 127
Shareholder Returns 61 #26 of 65 44 #37 of 65 48 #34 of 65
Overall 70 67 60
  • BB ranked among 137 companies in Infrastructure Software
  • CRNC ranked among 137 companies in Infrastructure Software
  • FROG ranked among 137 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBBCRNCFROGSPY
1 month +16.5%+6.5%+12.6% -0.2%
3 months +17.9%+4.1%+31.4% +3.9%
6 months +85.8%-3.0%+120.8% +8.2%
Year to date +152.0%-20.8%+60.8% +12.9%
1 year +99.0%-25.6%+101.3% +12.3%
3 years +180.1%-44.1%+367.3% +87.4%
3 years, per year +41.0%-17.6%+67.2% +23.3%
5 years -11.5%-91.7%+208.4% +67.9%
5 years, per year -2.4%-39.2%+25.3% +10.9%
10 years +33.8%—— +261.1%
10 years, per year +3.0%—— +13.7%

Risk

MeasureBBCRNCFROGSPY
Volatility, 1Y 62.9%76.8%75.1% 12.7%
Downside volatility, 1Y 57.1%81.1%71.4% 12.7%
Beta vs S&P 500, 1Y 1.792.731.40 1.00
Return / volatility, 1Y 1.57-0.331.35 0.97
Max drawdown, 5Y -82.0%-97.9%-56.6% -25.4%
From 52-week high -25.6%-35.3%-3.4% -1.2%
52-week high $12.83$13.10$104.03 $779.14
52-week low $3.15$5.96$34.75 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBBCRNCFROG
P/E now vs peer median 69.7xmedian 38.6x -24.9xmedian 38.6x -277.7xmedian 38.6x
P/S now vs peer median 9.1xmedian 4.4x 1.2xmedian 4.4x 20.6xmedian 4.4x
EV/EBITDA now vs peer median 54.6xmedian 34.5x 15.1xmedian 34.5x -246.7xmedian 34.5x
P/FCF now vs peer median 60.9xmedian 29.4x 4.9xmedian 29.4x 72.8xmedian 29.4x
P/B now vs peer median 7.1xmedian 3.3x 2.3xmedian 3.3x 12.9xmedian 3.3x
PEG now vs peer median 2.43median 1.28 -0.39median 1.28 -11.79median 1.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBBCRNCFROG
Revenue $614.00M $309.49M $599.96M
Gross profit $478.10M $243.56M $467.14M
Operating income $83.70M $26.98M -$69.09M
Net income $80.40M -$15.39M -$44.07M
Free cash flow $92.10M $78.64M $169.70M
R&D $129.20M $110.64M $210.17M
EPS (diluted) $0.12 $-0.32 $-0.36
Cash & equivalents $266.20M – $96.69M
Total debt $197.10M $173.46M –
Shares (diluted) 649.66M 47.74M 121.82M
Enterprise value $4.21B $376.77M $9.44B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBBCRNCFROG
P/E 69.7x -24.9x -277.7x
P/FCF 60.9x 4.9x 72.8x
P/Operating cash flow 57.0x 4.5x 70.1x
P/S 9.1x 1.2x 20.6x
P/B 7.1x 2.3x 12.9x
P/Tangible book 7.5x 2.3x 13.3x
EV/EBITDA 54.6x 15.1x -246.7x
EV/EBIT 64.8x 20.6x -167.0x
EV/Revenue 8.8x 1.8x 19.2x
EV/FCF 58.9x 7.1x 68.0x
EV/Operating cash flow 55.2x 6.6x 65.5x
PEG (3Y EPS CAGR) 2.43 -0.39 -11.79

Growth

14 metrics
MetricBBCRNCFROG
Revenue growth (1Y) 14.4% 25.8% 26.4%
Revenue CAGR (3Y) -4.1% 4.4% 24.3%
Gross profit growth (1Y) 18.6% 39.9% 30.3%
Gross profit CAGR (3Y) 4.4% 11.6% 24.4%
Operating income growth (1Y) 234.8% 236.6% 33.7%
Operating income CAGR (3Y) 59.4% 28.1% 8.6%
Net income growth (1Y) 3,078% 40.3% 48.9%
Net income CAGR (3Y) 29.0% 61.7% 19.0%
EPS growth (1Y) 2,838% 45.9% 51.7%
EPS CAGR (3Y) 28.7% 63.8% 23.5%
Operating cash flow growth (1Y) 193.4% 55.3% 24.4%
Operating cash flow CAGR (3Y) 38.2% 127.2% 84.6%
Free cash flow growth (1Y) 201.0% 88.4% 22.3%
Free cash flow CAGR (3Y) 37.1% 92.4% 89.2%

Profitability

14 metrics
MetricBBCRNCFROG
Gross margin 77.9% 78.7% 77.9%
EBITDA margin 16.2% 11.9% -7.8%
Operating margin 13.6% 8.7% -11.5%
Pretax margin 15.0% 7.5% -6.8%
Net margin 13.1% -5.0% -7.3%
FCF margin 15.0% 25.4% 28.3%
Operating cash flow margin 16.0% 27.4% 29.4%
Return on equity 10.4% -9.4% -4.7%
Return on assets 6.4% -2.5% -3.1%
Return on invested capital 7.5% 0.0% –
Return on capital employed 8.2% 5.2% -7.2%
Asset turnover 0.5x 0.5x 0.4x
Cash conversion (OCF / net income) 1.2x -5.5x -4.0x
Stock comp / revenue 4.2% 8.7% 26.8%

Financial Health

11 metrics
MetricBBCRNCFROG
Debt / assets 15.6% 27.9% –
Debt / equity 0.2x 1.0x –
Net debt / EBITDA -1.8x 4.7x –
Debt / FCF 2.1x 2.2x –
Liabilities / assets 37.3% 73.2% 35.5%
Equity / assets 62.7% 26.8% 64.5%
Interest coverage – 4.3x –
Current ratio 2.4x 2.1x 2.1x
Quick ratio 2.2x – 2.0x
Cash ratio 1.6x – 1.7x
Altman Z-score 5.80 -0.76 14.30

Shareholder Returns

7 metrics
MetricBBCRNCFROG
Dividend yield – – –
Net buyback yield 0.7% -0.3% -0.2%
Shareholder yield 0.7% -0.3% -0.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBBCRNCFROG
Forward P/E 43.4xFY2026 11.1xFY2026 106.9xFY2026
EPS, next fiscal year $0.22FY2026 $0.76FY2026 $0.94FY2026
EPS growth, next FY +37.5%FY2026 +11.8%FY2026 +14.6%FY2026
EPS growth, the year after +13.6% +6.6% +16.0%
Revenue, next fiscal year $650.66MFY2026 $324.37MFY2026 $669.83MFY2026
Revenue growth, next FY +17.0%FY2026 +28.8%FY2026 +25.9%FY2026
Revenue growth, the year after +13.2% -17.0% +10.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBBCRNCFROG
Held by institutions 50.9% 82.7% 92.7%
Institutions holding 286 192 409
Change in shares held, QoQ +12.6% +3.5% +11.1%
Institutions buying 194 101 252
Institutions selling 49 57 116
Buyers to sellers 3.96 1.77 2.17

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BBCRNCFROG
BB 1.00 0.35 0.31
CRNC 0.35 1.00 0.23
FROG 0.31 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BB, CRNC and FROG?

JFrog (FROG) is the largest by market capitalisation: Blackberry (BB) $5.61B, Cerence (CRNC) $382.74M, JFrog (FROG) $12.36B.

Which company is growing faster?

JFrog (FROG) grew revenue fastest over the trailing twelve months: Blackberry (BB) +14.4%, Cerence (CRNC) +25.8%, JFrog (FROG) +26.4%.

Which company is more profitable?

Blackberry (BB) has the highest net margin (Blackberry (BB) 13.1%, Cerence (CRNC) -5.0%, JFrog (FROG) -7.3%). On return on invested capital, Blackberry (BB) leads (Blackberry (BB) 7.5%, Cerence (CRNC) 0.0%).

Which stock has performed better?

Over the past year JFrog (FROG) returned the most: Blackberry (BB) +99.0%, Cerence (CRNC) -25.6%, JFrog (FROG) +101.3%. Over five years, JFrog (FROG) compounded fastest (Blackberry (BB) -2.4%/yr, Cerence (CRNC) -39.2%/yr, JFrog (FROG) +25.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Blackberry (BB) has been the steadiest (Blackberry (BB) 62.9%, Cerence (CRNC) 76.8%, JFrog (FROG) 75.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BB, CRNC and FROG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Blackberry (BB) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.