FROG vs FIG vs U Stock Comparison

JFrog, Figma and Unity Software Prices as of Oct 23, 2026 Peers: Industry group
FROG JFrog Ltd
$100.62 +9.0% 1M +108.3% 1Y
Market cap
$12.14B
P/E
–
Revenue (TTM)
$599.96M
Div. yield
–
Developer Tools Technology
4 wins
FIG Figma, Inc.
$24.64 +13.2% 1M -53.8% 1Y
Market cap
$12.41B
P/E
–
Revenue (TTM)
$1.20B
Div. yield
–
Creative Software Technology
3 wins
U Unity Software Inc.
$40.79 -7.5% 1M +12.4% 1Y
Market cap
$17.67B
P/E
–
Revenue (TTM)
$2.03B
Div. yield
–
Developer Tools Technology
1 win

Head to Head

8 decided of 12

JFrog leads on 4 of the 12 questions below (JFrog 4, Figma 3, Unity Software 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFROGFIGULeader
Larger companyMarket capitalisation $12.14B $12.41B $17.67B U
Cheaper on earningsLower P/E, profitable companies only -275.4x -8.7x -30.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 107.0x 88.0x — FIG
Faster revenue growthRevenue growth, trailing twelve months +26.4% +42.2% +14.0% FIG
More profitableNet margin, trailing twelve months -7.3% -119.8% -29.0% FROG
Better return on capitalReturn on invested capital — — -17.2% –
Less leveragedLower net debt / EBITDA — — 13.2x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +108.3% -53.8% +12.4% FROG
Better 5-year returnAnnualised price return, 5 years +23.4%/yr — -22.3%/yr FROG
Less volatileAnnualised volatility, 1 year 75.1% 74.6% 75.1% FIG
Higher overall scoreMean of the five percentile scores vs peers 59/100 32/100 47/100 FROG

Percentile Scorecard

FROGFIGU

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

AxisFROGFIGU
Valuation 41 #74 of 124 3 #29 of 30 60 #50 of 124
Growth 80 #23 of 113 39 #17 of 27 41 #67 of 113
Profitability 57 #48 of 110 4 #25 of 26 49 #57 of 110
Financial Health 72 #37 of 129 81 #7 of 32 50 #65 of 129
Shareholder Returns 45 #38 of 68 – 36 #44 of 68
Overall 59 32 47
  • FROG ranked among 137 companies in Infrastructure Software
  • FIG ranked among 33 companies in Workplace Software
  • U ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodFROGFIGUSPY
1 month +9.0%+13.2%-7.5% -1.0%
3 months +25.5%+16.5%+42.6% +2.9%
6 months +122.4%+41.0%+56.8% +6.4%
Year to date +61.1%-34.1%-7.7% +11.4%
1 year +108.3%-53.8%+12.4% +13.1%
3 years +337.1%—+48.6% +79.4%
3 years, per year +63.6%—+14.1% +21.5%
5 years +185.4%—-71.6% +67.7%
5 years, per year +23.4%—-22.3% +10.9%

Risk

MeasureFROGFIGUSPY
Volatility, 1Y 75.1%74.6%75.1% 12.7%
Downside volatility, 1Y 71.7%69.6%82.6% 12.7%
Beta vs S&P 500, 1Y 1.401.022.22 1.00
Return / volatility, 1Y 1.44-0.720.17 1.03
Max drawdown, 5Y -56.6%-86.2%-93.1% -25.4%
From 52-week high -3.3%-53.8%-17.5% -2.5%
52-week high $104.03$53.36$49.47 $779.14
52-week low $34.75$16.84$17.13 $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.

MultipleFROGFIGU
P/E now vs peer median -278.1xmedian 37.4x -9.1xmedian 32.3x -30.4xmedian 37.4x
P/S now vs peer median 20.6xmedian 4.4x 10.9xmedian 2.4x 8.8xmedian 4.4x
EV/EBITDA now vs peer median -247.2xmedian 35.0x -8.0xmedian 11.5x -119.2xmedian 35.0x
P/FCF now vs peer median 73.0xmedian 27.2x —median 14.2x 33.3xmedian 27.2x
P/B now vs peer median 12.9xmedian 3.4x 8.8xmedian 2.7x 5.9xmedian 3.4x
PEG now vs peer median -11.81median 1.27 —median 0.77 -1.55median 1.27

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 monthsFROGFIGU
Revenue $599.96M $1.20B $2.03B
Gross profit $467.14M $971.13M $1.32B
Operating income -$69.09M -$1.45B -$616.00M
Net income -$44.07M -$1.41B -$588.01M
Free cash flow $169.70M – $538.39M
R&D $210.17M $1.13B $1.03B
EPS (diluted) $-0.36 $-2.72 $-1.34
Cash & equivalents $96.69M $445.85M $2.35B
Total debt – – $1.67B
Shares (diluted) 121.82M 527.46M 437.90M
Enterprise value $9.22B $5.92B $9.22B

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
MetricFROGFIGU
P/E -278.1x -9.1x -30.4x
P/FCF 73.0x – 33.3x
P/Operating cash flow 70.2x – 32.4x
P/S 20.6x 10.9x 8.8x
P/B 12.9x 8.8x 5.9x
P/Tangible book 13.3x 8.9x 6.2x
EV/EBITDA -247.2x -8.0x -119.2x
EV/EBIT -167.3x -7.9x -26.2x
EV/Revenue 19.3x 9.5x 8.0x
EV/FCF 68.1x – 30.0x
EV/Operating cash flow 65.6x – 29.2x
PEG (3Y EPS CAGR) -11.81 – -1.55

Growth

14 metrics
MetricFROGFIGU
Revenue growth (1Y) 26.4% 42.2% 14.0%
Revenue CAGR (3Y) 24.3% – 3.9%
Gross profit growth (1Y) 30.3% 31.3% -0.6%
Gross profit CAGR (3Y) 24.4% – 2.1%
Operating income growth (1Y) 33.7% -63.0% -23.8%
Operating income CAGR (3Y) 8.6% – 13.7%
Net income growth (1Y) 48.9% -96.2% -35.5%
Net income CAGR (3Y) 19.0% – 15.8%
EPS growth (1Y) 51.7% 15.4% -29.1%
EPS CAGR (3Y) 23.5% – 19.7%
Operating cash flow growth (1Y) 24.4% – 45.5%
Operating cash flow CAGR (3Y) 84.6% – 110.7%
Free cash flow growth (1Y) 22.3% – 51.7%
Free cash flow CAGR (3Y) 89.2% – 83.0%

Profitability

14 metrics
MetricFROGFIGU
Gross margin 77.9% 81.1% 64.9%
EBITDA margin -7.8% -119.1% -6.7%
Operating margin -11.5% -120.9% -30.4%
Pretax margin -6.8% -115.4% -29.0%
Net margin -7.3% -119.8% -29.0%
FCF margin 28.3% – 26.5%
Operating cash flow margin 29.4% – 27.3%
Return on equity -4.7% -94.2% -19.5%
Return on assets -3.1% -59.9% -8.9%
Return on invested capital – – -17.2%
Return on capital employed -7.2% -93.8% -12.3%
Asset turnover 0.4x 0.5x 0.3x
Cash conversion (OCF / net income) -4.0x – -0.9x
Stock comp / revenue 26.8% – 16.9%

Financial Health

11 metrics
MetricFROGFIGU
Debt / assets – – 8.4%
Debt / equity – – 0.2x
Net debt / EBITDA – – 13.2x
Debt / FCF – – 1.0x
Liabilities / assets 35.5% 37.1% 54.4%
Equity / assets 64.5% 62.9% 45.6%
Interest coverage – – -25.5x
Current ratio 2.1x 2.5x 2.0x
Quick ratio 2.0x 2.3x 1.9x
Cash ratio 1.7x 2.1x 1.5x
Altman Z-score 14.32 7.05 2.32

Shareholder Returns

7 metrics
MetricFROGFIGU
Dividend yield – – –
Net buyback yield -0.2% – -0.6%
Shareholder yield -0.2% 0.0% -0.6%
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.

ConsensusFROGFIGU
Forward P/E 107.0xFY2026 88.0xFY2026 –
EPS, next fiscal year $0.94FY2026 $0.28FY2026 $-0.70FY2026
EPS growth, next FY +14.6%FY2026 -37.8%FY2026 –
EPS growth, the year after +16.0% +21.4% –
Revenue, next fiscal year $669.80MFY2026 $1.43BFY2026 $2.12BFY2026
Revenue growth, next FY +25.9%FY2026 +35.0%FY2026 +14.8%FY2026
Revenue growth, the year after +10.1% +34.9% +31.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFROGFIGU
Held by institutions 92.7% 81.2% 84.7%
Institutions holding 409 373 558
Change in shares held, QoQ +11.1% +12.2% +8.0%
Institutions buying 252 257 306
Institutions selling 116 64 161
Buyers to sellers 2.17 4.02 1.90

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.

FROGFIGU
FROG 1.00 0.34 0.28
FIG 0.34 1.00 0.28
U 0.28 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FROG, FIG and U?

Unity Software (U) is the largest by market capitalisation: JFrog (FROG) $12.14B, Figma (FIG) $12.41B, Unity Software (U) $17.67B.

Which company is growing faster?

Figma (FIG) grew revenue fastest over the trailing twelve months: JFrog (FROG) +26.4%, Figma (FIG) +42.2%, Unity Software (U) +14.0%.

Which company is more profitable?

JFrog (FROG) has the highest net margin (JFrog (FROG) -7.3%, Figma (FIG) -119.8%, Unity Software (U) -29.0%).

Which stock has performed better?

Over the past year JFrog (FROG) returned the most: JFrog (FROG) +108.3%, Figma (FIG) -53.8%, Unity Software (U) +12.4%. Over five years, JFrog (FROG) compounded fastest (JFrog (FROG) +23.4%/yr, Unity Software (U) -22.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Figma (FIG) has been the steadiest (JFrog (FROG) 75.1%, Figma (FIG) 74.6%, Unity Software (U) 75.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FROG, FIG and U?

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.