CRWV vs FROG vs IBM Stock Comparison

CoreWeave, JFrog and International Business Machines Prices as of Nov 2, 2026 Peers: Industry group
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CRWV CoreWeave, Inc.
$50.15 -44.0% 1M -62.5% 1Y
Market cap
$26.61B
P/E
–
Revenue (TTM)
$7.59B
Div. yield
–
Cloud Platforms Technology
2 wins
FROG JFrog Ltd
$85.11 -10.9% 1M +79.3% 1Y
Market cap
$10.34B
P/E
–
Revenue (TTM)
$599.96M
Div. yield
–
Developer Tools Technology
2 wins

Head to Head

10 decided of 12

International Business Machines leads on 6 of the 12 questions below (International Business Machines 6, CoreWeave 2, JFrog 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCRWVFROGIBMLeader
Larger companyMarket capitalisation $26.61B $10.34B $241.04B IBM
Cheaper on earningsLower P/E, profitable companies only -13.8x -234.5x 21.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 94.1x 19.0x IBM
Faster revenue growthRevenue growth, trailing twelve months +115.3% +26.4% +7.9% CRWV
More profitableNet margin, trailing twelve months -25.4% -7.3% 15.5% IBM
Better return on capitalReturn on invested capital -1.2% — 11.3% IBM
Less leveragedLower net debt / EBITDA -0.5x — 3.3x CRWV
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.03% –
Better 1-year returnPrice return, last 12 months -62.5% +79.3% -17.8% FROG
Better 5-year returnAnnualised price return, 5 years — +19.7%/yr +15.8%/yr FROG
Less volatileAnnualised volatility, 1 year 97.0% 76.0% 50.8% IBM
Higher overall scoreMean of the five percentile scores vs peers 49/100 59/100 68/100 IBM

Percentile Scorecard

CRWVFROGIBM

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

AxisCRWVFROGIBM
Valuation 67 #13 of 37 42 #73 of 124 78 #9 of 37
Growth 57 #16 of 36 80 #24 of 113 60 #15 of 36
Profitability 52 #17 of 34 58 #47 of 110 91 #4 of 34
Financial Health 41 #23 of 38 72 #37 of 129 38 #24 of 38
Shareholder Returns 29 #16 of 22 44 #38 of 67 71 #7 of 22
Overall 49 59 68
  • CRWV ranked among 39 companies in Cloud Computing
  • FROG ranked among 137 companies in Infrastructure Software
  • IBM ranked among 39 companies in Cloud Computing

Price Performance

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

Returns

PeriodCRWVFROGIBMSPY
1 month -44.0%-10.9%+13.5% -2.3%
3 months -41.5%+3.3%+11.7% -0.7%
6 months -60.0%+61.9%+10.1% +4.8%
Year to date -30.0%+36.3%-14.7% +10.3%
1 year -62.5%+79.3%-17.8% +10.3%
3 years —+217.2%+70.8% +73.0%
3 years, per year —+47.0%+19.5% +20.1%
5 years —+145.8%+107.8% +61.9%
5 years, per year —+19.7%+15.8% +10.1%
10 years ——+73.9% +258.6%
10 years, per year ——+5.7% +13.6%

Risk

MeasureCRWVFROGIBMSPY
Volatility, 1Y 97.0%76.0%50.8% 12.8%
Downside volatility, 1Y 93.5%72.8%60.0% 12.8%
Beta vs S&P 500, 1Y 3.731.440.83 1.00
Return / volatility, 1Y -0.641.04-0.35 0.80
Max drawdown, 5Y -72.7%-56.6%-37.4% -25.4%
From 52-week high -63.7%-18.2%-23.3% -3.5%
52-week high $137.98$104.03$329.23 $779.14
52-week low $50.15$34.75$205.96 $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.

MultipleCRWVFROGIBM
P/E now vs peer median -14.3xmedian 26.4x -235.2xmedian 35.6x 22.2xmedian 26.4x
P/S now vs peer median 3.6xmedian 3.8x 17.5xmedian 4.2x 3.4xmedian 3.8x
EV/EBITDA now vs peer median 6.6xmedian 21.2x -206.4xmedian 30.0x 17.9xmedian 21.2x
P/FCF now vs peer median -2.0xmedian 17.3x 61.7xmedian 25.2x 17.3xmedian 17.3x
P/B now vs peer median 5.5xmedian 3.4x 10.9xmedian 3.2x 6.9xmedian 3.4x
PEG now vs peer median —median 0.34 -9.99median 1.21 0.31median 0.34

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 monthsCRWVFROGIBM
Revenue $7.59B $599.96M $69.87B
Gross profit $5.12B $467.14M $40.50B
Operating income -$230.74M -$69.09M $11.30B
Net income -$1.93B -$44.07M $11.17B
Free cash flow -$13.66B $169.70M $14.66B
R&D – $210.17M $9.05B
EPS (diluted) $-3.50 $-0.36 $11.72
Cash & equivalents $5.52B $96.69M $9.23B
Total debt $3.66B – $63.82B
Shares (diluted) 551.00M 121.82M 953.52M
Enterprise value $13.70B $7.42B $195.65B

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
MetricCRWVFROGIBM
P/E -14.3x -235.2x 22.2x
P/FCF -2.0x 61.7x 17.3x
P/Operating cash flow 4.0x 59.4x 16.0x
P/S 3.6x 17.5x 3.4x
P/B 5.5x 10.9x 6.9x
P/Tangible book 5.8x 11.3x 11.6x
EV/EBITDA 6.6x -206.4x 17.9x
EV/EBIT -111.6x -139.6x 26.3x
EV/Revenue 3.4x 16.1x 4.2x
EV/FCF -1.9x 56.9x 21.2x
EV/Operating cash flow 3.7x 54.7x 19.6x
PEG (3Y EPS CAGR) – -9.99 0.31

Growth

14 metrics
MetricCRWVFROGIBM
Revenue growth (1Y) 115.3% 26.4% 7.9%
Revenue CAGR (3Y) – 24.3% 4.5%
Gross profit growth (1Y) 94.9% 30.3% 8.9%
Gross profit CAGR (3Y) – 24.4% 6.7%
Operating income growth (1Y) -204.2% 33.7% 19.6%
Operating income CAGR (3Y) – 8.6% 13.5%
Net income growth (1Y) -89.8% 48.9% 83.9%
Net income CAGR (3Y) – 19.0% 74.3%
EPS growth (1Y) -50.8% 51.7% 82.8%
EPS CAGR (3Y) – 23.5% 72.3%
Operating cash flow growth (1Y) 983.6% 24.4% 12.1%
Operating cash flow CAGR (3Y) – 84.6% 6.6%
Free cash flow growth (1Y) -72.1% 22.3% 12.7%
Free cash flow CAGR (3Y) – 89.2% 8.2%

Profitability

14 metrics
MetricCRWVFROGIBM
Gross margin 67.4% 77.9% 58.1%
EBITDA margin 51.2% -7.8% 23.6%
Operating margin -3.0% -11.5% 16.1%
Pretax margin -25.3% -6.8% 15.1%
Net margin -25.4% -7.3% 15.5%
FCF margin -179.9% 28.3% 20.0%
Operating cash flow margin 91.1% 29.4% 21.5%
Return on equity -39.4% -4.7% 31.7%
Return on assets -2.9% -3.1% 7.0%
Return on invested capital -1.2% – 11.3%
Return on capital employed -0.5% -7.2% 9.4%
Asset turnover 0.1x 0.4x 0.4x
Cash conversion (OCF / net income) -3.6x -4.0x 1.4x
Stock comp / revenue 8.2% 26.8% 2.7%

Financial Health

11 metrics
MetricCRWVFROGIBM
Debt / assets 4.8% – 40.8%
Debt / equity 0.7x – 1.8x
Net debt / EBITDA -0.5x – 3.3x
Debt / FCF -0.3x – 4.5x
Liabilities / assets 93.5% 35.5% 77.3%
Equity / assets 6.5% 64.5% 22.7%
Interest coverage – – 5.8x
Current ratio 0.5x 2.1x 0.8x
Quick ratio 0.4x 2.0x 0.4x
Cash ratio 0.3x 1.7x 0.2x
Altman Z-score 0.07 12.15 3.29

Shareholder Returns

7 metrics
MetricCRWVFROGIBM
Dividend yield – – 2.7%
Net buyback yield -10.9% -0.2% -0.3%
Shareholder yield -10.9% -0.2% 2.4%
Payout ratio (earnings) – – 58.8%
Payout ratio (FCF) – – 45.8%
Dividend growth (1Y) – – 1.7%
Dividend CAGR (3Y) – – 1.7%

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.

ConsensusCRWVFROGIBM
Forward P/E – 94.1xFY2026 19.0xFY2026
EPS, next fiscal year $-3.88FY2026 $0.94FY2026 $13.14FY2026
EPS growth, next FY – +14.6%FY2026 +13.4%FY2026
EPS growth, the year after – +16.0% -1.8%
Revenue, next fiscal year $13.22BFY2026 $669.83MFY2026 $66.37BFY2026
Revenue growth, next FY +157.7%FY2026 +25.9%FY2026 -1.7%FY2026
Revenue growth, the year after +113.8% +10.1% +15.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCRWVFROGIBM
Held by institutions 87.2% 92.7% 65.1%
Institutions holding 964 411 3,637
Change in shares held, QoQ +27.1% +11.1% +3.5%
Institutions buying 691 252 1,976
Institutions selling 172 116 1,228
Buyers to sellers 4.02 2.17 1.61

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.

CRWVFROGIBM
CRWV 1.00 0.22 0.06
FROG 0.22 1.00 0.18
IBM 0.06 0.18 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, CRWV, FROG and IBM?

International Business Machines (IBM) is the largest by market capitalisation: CoreWeave (CRWV) $26.61B, JFrog (FROG) $10.34B, International Business Machines (IBM) $241.04B.

Which company is growing faster?

CoreWeave (CRWV) grew revenue fastest over the trailing twelve months: CoreWeave (CRWV) +115.3%, JFrog (FROG) +26.4%, International Business Machines (IBM) +7.9%.

Which company is more profitable?

International Business Machines (IBM) has the highest net margin (CoreWeave (CRWV) -25.4%, JFrog (FROG) -7.3%, International Business Machines (IBM) 15.5%). On return on invested capital, International Business Machines (IBM) leads (CoreWeave (CRWV) -1.2%, International Business Machines (IBM) 11.3%).

Which stock has performed better?

Over the past year JFrog (FROG) returned the most: CoreWeave (CRWV) -62.5%, JFrog (FROG) +79.3%, International Business Machines (IBM) -17.8%. Over five years, JFrog (FROG) compounded fastest (JFrog (FROG) +19.7%/yr, International Business Machines (IBM) +15.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: CoreWeave (CRWV) 0.00%, JFrog (FROG) 0.00%, International Business Machines (IBM) 0.03%. CoreWeave (CRWV) and JFrog (FROG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, International Business Machines (IBM) has been the steadiest (CoreWeave (CRWV) 97.0%, JFrog (FROG) 76.0%, International Business Machines (IBM) 50.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CRWV, FROG and IBM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, International Business Machines (IBM) leads on 6. 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.