FROG vs FIS vs QTWO Stock Comparison

JFrog, Fidelity National Information Services and Q2 Holdings 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
3 wins
QTWO Q2 Holdings, Inc.
$69.38 +24.6% 1M +13.4% 1Y
Market cap
$4.36B
P/E
47.4x
Revenue (TTM)
$846.20M
Div. yield
–
Digital Banking Technology
2 wins

Head to Head

10 decided of 12

Fidelity National Information Services leads on 5 of the 12 questions below (Fidelity National Information Services 5, JFrog 3, Q2 Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFROGFISQTWOLeader
Larger companyMarket capitalisation $12.14B $19.01B $4.36B FIS
Cheaper on earningsLower P/E, profitable companies only -275.4x 5.6x 47.4x FIS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 107.0x 5.9x 25.0x FIS
Faster revenue growthRevenue growth, trailing twelve months +26.4% +18.3% +13.9% FROG
More profitableNet margin, trailing twelve months -7.3% 27.6% 10.9% FIS
Better return on capitalReturn on invested capital — 3.9% 10.3% QTWO
Less leveragedLower net debt / EBITDA — 4.9x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.05% 0.00% –
Better 1-year returnPrice return, last 12 months +108.3% -44.4% +13.4% FROG
Better 5-year returnAnnualised price return, 5 years +23.4%/yr -21.4%/yr -2.8%/yr FROG
Less volatileAnnualised volatility, 1 year 75.1% 34.5% 44.5% FIS
Higher overall scoreMean of the five percentile scores vs peers 59/100 68/100 70/100 QTWO

Percentile Scorecard

FROGFISQTWO

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

AxisFROGFISQTWO
Valuation 41 #74 of 124 97 #4 of 101 58 #42 of 98
Growth 80 #23 of 113 83 #17 of 97 87 #13 of 94
Profitability 57 #48 of 110 66 #33 of 94 85 #14 of 90
Financial Health 72 #37 of 129 19 #89 of 109 69 #33 of 105
Shareholder Returns 45 #38 of 68 76 #16 of 64 53 #30 of 62
Overall 59 68 70
  • FROG ranked among 137 companies in Infrastructure Software
  • FIS ranked among 114 companies in Business Applications
  • QTWO ranked among 109 companies in Fintech

Price Performance

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

Returns

PeriodFROGFISQTWOSPY
1 month +9.0%+8.1%+24.6% -1.0%
3 months +25.5%-9.6%+27.1% +2.9%
6 months +122.4%-17.9%+40.3% +6.4%
Year to date +61.1%-43.5%-3.9% +11.4%
1 year +108.3%-44.4%+13.4% +13.1%
3 years +337.1%-25.7%+119.1% +79.4%
3 years, per year +63.6%-9.4%+29.9% +21.5%
5 years +185.4%-70.0%-13.2% +67.7%
5 years, per year +23.4%-21.4%-2.8% +10.9%
10 years —-50.0%+141.3% +255.2%
10 years, per year —-6.7%+9.2% +13.5%

Risk

MeasureFROGFISQTWOSPY
Volatility, 1Y 75.1%34.5%44.5% 12.7%
Downside volatility, 1Y 71.7%37.5%42.1% 12.7%
Beta vs S&P 500, 1Y 1.400.270.32 1.00
Return / volatility, 1Y 1.44-1.290.30 1.03
Max drawdown, 5Y -56.6%-73.5%-76.6% -25.4%
From 52-week high -3.3%-44.6%-8.1% -2.5%
52-week high $104.03$67.79$75.49 $779.14
52-week low $34.75$32.43$42.09 $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.

MultipleFROGFISQTWO
P/E now vs peer median -278.1xmedian 37.4x 5.7xmedian 29.9x 47.1xmedian 21.5x
P/S now vs peer median 20.6xmedian 4.4x 1.6xmedian 2.8x 5.1xmedian 2.2x
EV/EBITDA now vs peer median -247.2xmedian 35.0x 9.5xmedian 17.4x 26.6xmedian 15.7x
P/FCF now vs peer median 73.0xmedian 27.2x 6.9xmedian 16.9x 20.3xmedian 16.4x
P/B now vs peer median 12.9xmedian 3.4x 1.2xmedian 3.1x 6.7xmedian 1.9x
PEG now vs peer median -11.81median 1.27 0.20median 0.86 1.08median 1.06

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 monthsFROGFISQTWO
Revenue $599.96M $12.20B $846.20M
Gross profit $467.14M $4.39B $482.24M
Operating income -$69.09M $1.92B $84.90M
Net income -$44.07M $3.38B $91.99M
Free cash flow $169.70M $2.82B $213.25M
R&D $210.17M – $162.56M
EPS (diluted) $-0.36 $6.52 $1.41
Cash & equivalents $96.69M $744.00M $99.92M
Total debt – $21.17B $1.10B
Shares (diluted) 121.82M 517.00M 65.42M
Enterprise value $9.22B $16.34B $2.87B

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
MetricFROGFISQTWO
P/E -278.1x 5.7x 47.1x
P/FCF 73.0x 6.9x 20.3x
P/Operating cash flow 70.2x 6.5x 19.1x
P/S 20.6x 1.6x 5.1x
P/B 12.9x 1.2x 6.7x
P/Tangible book 13.3x 1.7x 7.6x
EV/EBITDA -247.2x 9.5x 26.6x
EV/EBIT -167.3x 20.8x 49.7x
EV/Revenue 19.3x 3.3x 5.0x
EV/FCF 68.1x 14.1x 19.8x
EV/Operating cash flow 65.6x 13.4x 18.7x
PEG (3Y EPS CAGR) -11.81 0.20 1.08

Growth

14 metrics
MetricFROGFISQTWO
Revenue growth (1Y) 26.4% 18.3% 13.9%
Revenue CAGR (3Y) 24.3% 7.7% 12.2%
Gross profit growth (1Y) 30.3% 15.9% 23.3%
Gross profit CAGR (3Y) 24.4% 7.2% 19.8%
Operating income growth (1Y) 33.7% 10.2% 3,719%
Operating income CAGR (3Y) 8.6% 10.6% 41.2%
Net income growth (1Y) 48.9% 2,836% 1,783%
Net income CAGR (3Y) 19.0% 28.9% 45.7%
EPS growth (1Y) 51.7% 2,957% 1,905%
EPS CAGR (3Y) 23.5% 29.3% 43.8%
Operating cash flow growth (1Y) 24.4% 31.6% 26.8%
Operating cash flow CAGR (3Y) 84.6% 85.1% 49.8%
Free cash flow growth (1Y) 22.3% 32.4% 23.6%
Free cash flow CAGR (3Y) 89.2% 100.7% 54.3%

Profitability

14 metrics
MetricFROGFISQTWO
Gross margin 77.9% 35.9% 57.0%
EBITDA margin -7.8% 34.3% 18.7%
Operating margin -11.5% 15.7% 10.0%
Pretax margin -6.8% 11.1% 11.5%
Net margin -7.3% 27.6% 10.9%
FCF margin 28.3% 23.1% 25.2%
Operating cash flow margin 29.4% 24.4% 26.7%
Return on equity -4.7% 21.1% 14.7%
Return on assets -3.1% 7.7% 8.3%
Return on invested capital – 3.9% 10.3%
Return on capital employed -7.2% 5.6% 10.0%
Asset turnover 0.4x 0.3x 0.8x
Cash conversion (OCF / net income) -4.0x 0.9x 2.5x
Stock comp / revenue 26.8% 1.5% 10.0%

Financial Health

11 metrics
MetricFROGFISQTWO
Debt / assets – 48.0% –
Debt / equity – 1.3x –
Net debt / EBITDA – 4.9x –
Debt / FCF – 7.5x –
Liabilities / assets 35.5% 63.6% 33.6%
Equity / assets 64.5% 36.4% 66.4%
Interest coverage – 3.2x 17.8x
Current ratio 2.1x 0.5x 0.9x
Quick ratio 2.0x 0.4x 0.7x
Cash ratio 1.7x 0.1x 0.4x
Altman Z-score 14.32 0.06 8.33

Shareholder Returns

7 metrics
MetricFROGFISQTWO
Dividend yield – 4.6% –
Net buyback yield -0.2% 3.7% 2.6%
Shareholder yield -0.2% 8.3% 2.6%
Payout ratio (earnings) – 25.9% –
Payout ratio (FCF) – 31.0% –
Dividend growth (1Y) – 6.3% –
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.

ConsensusFROGFISQTWO
Forward P/E 107.0xFY2026 5.9xFY2026 25.0xFY2026
EPS, next fiscal year $0.94FY2026 $6.37FY2026 $2.77FY2026
EPS growth, next FY +14.6%FY2026 +10.8%FY2026 +8.6%FY2026
EPS growth, the year after +16.0% +6.9% +30.3%
Revenue, next fiscal year $669.80MFY2026 $12.98BFY2026 $850.92MFY2026
Revenue growth, next FY +25.9%FY2026 +21.5%FY2026 +7.1%FY2026
Revenue growth, the year after +10.1% +4.8% +17.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFROGFISQTWO
Held by institutions 92.7% 98.7% 100.0%
Institutions holding 409 856 328
Change in shares held, QoQ +11.1% +3.5% +4.9%
Institutions buying 252 415 180
Institutions selling 116 331 109
Buyers to sellers 2.17 1.25 1.65

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.

FROGFISQTWO
FROG 1.00 0.05 0.36
FIS 0.05 1.00 0.54
QTWO 0.36 0.54 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FROG, FIS and QTWO?

Fidelity National Information Services (FIS) is the largest by market capitalisation: JFrog (FROG) $12.14B, Fidelity National Information Services (FIS) $19.01B, Q2 Holdings (QTWO) $4.36B.

Which stock is cheaper, FROG, FIS and QTWO?

Fidelity National Information Services (FIS) trades on the lowest price-to-earnings ratio (JFrog (FROG) -275.4x, Fidelity National Information Services (FIS) 5.6x, Q2 Holdings (QTWO) 47.4x). On next year's consensus earnings, Fidelity National Information Services (FIS) is cheapest (JFrog (FROG) 107.0x, Fidelity National Information Services (FIS) 5.9x, Q2 Holdings (QTWO) 25.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

JFrog (FROG) grew revenue fastest over the trailing twelve months: JFrog (FROG) +26.4%, Fidelity National Information Services (FIS) +18.3%, Q2 Holdings (QTWO) +13.9%.

Which company is more profitable?

Fidelity National Information Services (FIS) has the highest net margin (JFrog (FROG) -7.3%, Fidelity National Information Services (FIS) 27.6%, Q2 Holdings (QTWO) 10.9%). On return on invested capital, Q2 Holdings (QTWO) leads (Fidelity National Information Services (FIS) 3.9%, Q2 Holdings (QTWO) 10.3%).

Which stock has performed better?

Over the past year JFrog (FROG) returned the most: JFrog (FROG) +108.3%, Fidelity National Information Services (FIS) -44.4%, Q2 Holdings (QTWO) +13.4%. Over five years, JFrog (FROG) compounded fastest (JFrog (FROG) +23.4%/yr, Fidelity National Information Services (FIS) -21.4%/yr, Q2 Holdings (QTWO) -2.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: JFrog (FROG) 0.00%, Fidelity National Information Services (FIS) 0.05%, Q2 Holdings (QTWO) 0.00%. JFrog (FROG) and Q2 Holdings (QTWO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Fidelity National Information Services (FIS) has been the steadiest (JFrog (FROG) 75.1%, Fidelity National Information Services (FIS) 34.5%, Q2 Holdings (QTWO) 44.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FROG, FIS and QTWO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Fidelity National Information Services (FIS) 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.