BB vs ECX vs FROG Stock Comparison

Blackberry, ECARX Holdings and JFrog Prices as of Oct 27, 2026 Peers: Industry group
BB BLACKBERRY Ltd
$9.55 +16.5% 1M +99.0% 1Y
Market cap
$5.51B
P/E
68.5x
Revenue (TTM)
$614.00M
Div. yield
–
Embedded Software Technology
4 wins
ECX ECARX Holdings Inc.
$0.82 -24.8% 1M -65.3% 1Y
Market cap
$276.55M
P/E
–
Revenue (TTM)
$881.30M
Div. yield
–
Autonomous Driving Technology
1 win
FROG JFrog Ltd
$100.46 +12.6% 1M +101.3% 1Y
Market cap
$12.24B
P/E
–
Revenue (TTM)
$599.96M
Div. yield
–
Developer Tools Technology
4 wins

Head to Head

9 decided of 12

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

QuestionBBECXFROGLeader
Larger companyMarket capitalisation $5.51B $276.55M $12.24B FROG
Cheaper on earningsLower P/E, profitable companies only 68.5x -8.0x -277.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 43.4x — 106.9x BB
Faster revenue growthRevenue growth, trailing twelve months +14.4% +11.4% +26.4% FROG
More profitableNet margin, trailing twelve months 13.1% -3.9% -7.3% BB
Better return on capitalReturn on invested capital 7.5% -4.6% — BB
Less leveragedLower net debt / EBITDA -1.8x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +99.0% -65.3% +101.3% FROG
Better 5-year returnAnnualised price return, 5 years -2.4%/yr -39.1%/yr +25.3%/yr FROG
Less volatileAnnualised volatility, 1 year 62.9% 82.7% 75.1% BB
Higher overall scoreMean of the five percentile scores vs peers 70/100 77/100 60/100 ECX

Percentile Scorecard

BBECXFROG

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

AxisBBECXFROG
Valuation 54 #58 of 124 100 #1 of 13 42 #73 of 124
Growth 87 #16 of 113 100 #1 of 12 80 #23 of 113
Profitability 82 #21 of 109 100 #1 of 12 57 #47 of 109
Financial Health 65 #45 of 127 8 #12 of 13 71 #37 of 127
Shareholder Returns 61 #26 of 65 – 48 #34 of 65
Overall 70 77 60
  • BB ranked among 137 companies in Infrastructure Software
  • ECX ranked among 14 companies in Robotics and Automation
  • 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

PeriodBBECXFROGSPY
1 month +16.5%-24.8%+12.6% -0.2%
3 months +17.9%-24.1%+31.4% +3.9%
6 months +85.8%-28.1%+120.8% +8.2%
Year to date +152.0%-52.3%+60.8% +12.9%
1 year +99.0%-65.3%+101.3% +12.3%
3 years +180.1%-79.5%+367.3% +87.4%
3 years, per year +41.0%-41.1%+67.2% +23.3%
5 years -11.5%-91.6%+208.4% +67.9%
5 years, per year -2.4%-39.1%+25.3% +10.9%
10 years +33.8%—— +261.1%
10 years, per year +3.0%—— +13.7%

Risk

MeasureBBECXFROGSPY
Volatility, 1Y 62.9%82.7%75.1% 12.7%
Downside volatility, 1Y 57.1%91.2%71.4% 12.7%
Beta vs S&P 500, 1Y 1.791.411.40 1.00
Return / volatility, 1Y 1.57-0.791.35 0.97
Max drawdown, 5Y -82.0%-92.6%-56.6% -25.4%
From 52-week high -25.6%-68.9%-3.4% -1.2%
52-week high $12.83$2.64$104.03 $779.14
52-week low $3.15$0.80$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.

MultipleBBECXFROG
P/E now vs peer median 69.7xmedian 38.6x -8.0x -277.7xmedian 38.6x
P/S now vs peer median 9.1xmedian 4.4x 0.3xmedian 18.7x 20.6xmedian 4.4x
EV/EBITDA now vs peer median 54.6xmedian 34.5x — -246.7xmedian 34.5x
P/FCF now vs peer median 60.9xmedian 29.4x —median 14.5x 72.8xmedian 29.4x
P/B now vs peer median 7.1xmedian 3.3x -1.0xmedian 1.1x 12.9xmedian 3.3x
PEG now vs peer median 2.43median 1.28 -0.17 -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 monthsBBECXFROG
Revenue $614.00M $881.30M $599.96M
Gross profit $478.10M $184.00M $467.14M
Operating income $83.70M -$8.80M -$69.09M
Net income $80.40M -$35.90M -$44.07M
Free cash flow $92.10M – $169.70M
R&D $129.20M $107.60M $210.17M
EPS (diluted) $0.12 $-0.10 $-0.36
Cash & equivalents $266.20M $156.16M $96.69M
Total debt $197.10M $556.66M –
Shares (diluted) 649.66M 338.66M 121.82M
Enterprise value $4.12B -$16.07M $9.32B

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
MetricBBECXFROG
P/E 69.7x -8.0x -277.7x
P/FCF 60.9x – 72.8x
P/Operating cash flow 57.0x – 70.1x
P/S 9.1x 0.3x 20.6x
P/B 7.1x -1.0x 12.9x
P/Tangible book 7.5x -0.8x 13.3x
EV/EBITDA 54.6x – -246.7x
EV/EBIT 64.8x -74.4x -167.0x
EV/Revenue 8.8x 0.7x 19.2x
EV/FCF 58.9x – 68.0x
EV/Operating cash flow 55.2x – 65.5x
PEG (3Y EPS CAGR) 2.43 -0.17 -11.79

Growth

14 metrics
MetricBBECXFROG
Revenue growth (1Y) 14.4% 11.4% 26.4%
Revenue CAGR (3Y) -4.1% 15.7% 24.3%
Gross profit growth (1Y) 18.6% 29.9% 30.3%
Gross profit CAGR (3Y) 4.4% 6.1% 24.4%
Operating income growth (1Y) 234.8% 92.7% 33.7%
Operating income CAGR (3Y) 59.4% 63.2% 8.6%
Net income growth (1Y) 3,078% 74.6% 48.9%
Net income CAGR (3Y) 29.0% 41.5% 19.0%
EPS growth (1Y) 2,838% 74.4% 51.7%
EPS CAGR (3Y) 28.7% 47.8% 23.5%
Operating cash flow growth (1Y) 193.4% – 24.4%
Operating cash flow CAGR (3Y) 38.2% – 84.6%
Free cash flow growth (1Y) 201.0% – 22.3%
Free cash flow CAGR (3Y) 37.1% – 89.2%

Profitability

14 metrics
MetricBBECXFROG
Gross margin 77.9% 20.9% 77.9%
EBITDA margin 16.2% – -7.8%
Operating margin 13.6% -1.0% -11.5%
Pretax margin 15.0% -2.2% -6.8%
Net margin 13.1% -3.9% -7.3%
FCF margin 15.0% – 28.3%
Operating cash flow margin 16.0% – 29.4%
Return on equity 10.4% – -4.7%
Return on assets 6.4% -4.2% -3.1%
Return on invested capital 7.5% -4.6% –
Return on capital employed 8.2% – -7.2%
Asset turnover 0.5x 1.0x 0.4x
Cash conversion (OCF / net income) 1.2x – -4.0x
Stock comp / revenue 4.2% – 26.8%

Financial Health

11 metrics
MetricBBECXFROG
Debt / assets 15.6% 56.5% –
Debt / equity 0.2x -2.1x –
Net debt / EBITDA -1.8x – –
Debt / FCF 2.1x – –
Liabilities / assets 37.3% 127.0% 35.5%
Equity / assets 62.7% -27.0% 64.5%
Interest coverage – -0.3x –
Current ratio 2.4x 0.7x 2.1x
Quick ratio 2.2x 0.5x 2.0x
Cash ratio 1.6x 0.2x 1.7x
Altman Z-score 5.80 -1.07 14.30

Shareholder Returns

7 metrics
MetricBBECXFROG
Dividend yield – – –
Net buyback yield 0.7% – -0.2%
Shareholder yield 0.7% – -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.

ConsensusBBECXFROG
Forward P/E 43.4xFY2026 – 106.9xFY2026
EPS, next fiscal year $0.22FY2026 $-0.02FY2026 $0.94FY2026
EPS growth, next FY +37.5%FY2026 – +14.6%FY2026
EPS growth, the year after +13.6% – +16.0%
Revenue, next fiscal year $650.66MFY2026 $1.10BFY2026 $669.83MFY2026
Revenue growth, next FY +17.0%FY2026 +31.2%FY2026 +25.9%FY2026
Revenue growth, the year after +13.2% +25.0% +10.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBBECXFROG
Held by institutions 50.9% 5.2% 92.7%
Institutions holding 286 39 409
Change in shares held, QoQ +12.6% +3.3% +11.1%
Institutions buying 194 23 252
Institutions selling 49 8 116
Buyers to sellers 3.96 2.88 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.

BBECXFROG
BB 1.00 0.21 0.31
ECX 0.21 1.00 0.03
FROG 0.31 0.03 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BB, ECX and FROG?

JFrog (FROG) is the largest by market capitalisation: Blackberry (BB) $5.51B, ECARX Holdings (ECX) $276.55M, JFrog (FROG) $12.24B.

Which company is growing faster?

JFrog (FROG) grew revenue fastest over the trailing twelve months: Blackberry (BB) +14.4%, ECARX Holdings (ECX) +11.4%, JFrog (FROG) +26.4%.

Which company is more profitable?

Blackberry (BB) has the highest net margin (Blackberry (BB) 13.1%, ECARX Holdings (ECX) -3.9%, JFrog (FROG) -7.3%). On return on invested capital, Blackberry (BB) leads (Blackberry (BB) 7.5%, ECARX Holdings (ECX) -4.6%).

Which stock has performed better?

Over the past year JFrog (FROG) returned the most: Blackberry (BB) +99.0%, ECARX Holdings (ECX) -65.3%, JFrog (FROG) +101.3%. Over five years, JFrog (FROG) compounded fastest (Blackberry (BB) -2.4%/yr, ECARX Holdings (ECX) -39.1%/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%, ECARX Holdings (ECX) 82.7%, JFrog (FROG) 75.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BB, ECX 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, JFrog (FROG) leads on 4. 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.