SMWB vs BLSH Stock Comparison

Similarweb and Bullish Prices as of Oct 26, 2026 Peers: Industry group
SMWB Similarweb Ltd.
$8.93 +17.0% 1M +1.4% 1Y
Market cap
$776.57M
P/E
–
Revenue (TTM)
$295.61M
Div. yield
–
Analytics and BI Technology
3 wins
BLSH Bullish
$27.63 -26.5% 1M -49.0% 1Y
Market cap
$4.17B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
4 wins

Head to Head

7 decided of 12

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

QuestionSMWBBLSHLeader
Larger companyMarket capitalisation $776.57M $4.17B BLSH
Cheaper on earningsLower P/E, profitable companies only -34.8x -2.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 40.6x 65.8x SMWB
Faster revenue growthRevenue growth, trailing twelve months +10.2% -26.5% SMWB
More profitableNet margin, trailing twelve months -7.4% -0.7% BLSH
Better return on capitalReturn on invested capital — -4.8% –
Less leveragedLower net debt / EBITDA — 2.6x –
Higher dividend yieldTrailing dividend yield — — –
Better 1-year returnPrice return, last 12 months +1.4% -49.0% SMWB
Better 5-year returnAnnualised price return, 5 years -13.9%/yr — –
Less volatileAnnualised volatility, 1 year 81.3% 73.1% BLSH
Higher overall scoreMean of the five percentile scores vs peers 61/100 66/100 BLSH

Percentile Scorecard

SMWBBLSH

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

AxisSMWBBLSH
Valuation 63 #16 of 41 76 #13 of 50
Growth 70 #12 of 38 47 #25 of 46
Profitability 66 #13 of 36 49 #22 of 42
Financial Health 47 #26 of 48 94 #4 of 54
Shareholder Returns 62 #6 of 14 –
Overall 61 66
  • SMWB ranked among 51 companies in Business Applications
  • BLSH ranked among 57 companies in Fintech

Price Performance

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

Returns

PeriodSMWBBLSHSPY
1 month +17.0%-26.5% -0.8%
3 months +30.7%+21.2% +3.5%
6 months +232.0%-29.0% +7.0%
Year to date +19.2%-27.0% +12.2%
1 year +1.4%-49.0% +13.0%
3 years +75.4%— +86.3%
3 years, per year +20.6%— +23.1%
5 years -52.8%— +68.6%
5 years, per year -13.9%— +11.0%

Risk

MeasureSMWBBLSHSPY
Volatility, 1Y 81.3%73.1% 12.7%
Downside volatility, 1Y 89.3%70.7% 12.7%
Beta vs S&P 500, 1Y 1.792.72 1.00
Return / volatility, 1Y 0.02-0.67 1.02
Max drawdown, 5Y -88.4%-70.8% -25.4%
From 52-week high -3.7%-50.9% -1.8%
52-week high $9.27$56.31 $779.14
52-week low $2.33$21.79 $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.

MultipleSMWBBLSH
P/E now vs peer median -34.8xmedian 20.8x -2.5xmedian 9.8x
P/S now vs peer median 2.6xmedian 2.5x 0.0xmedian 1.8x
EV/EBITDA now vs peer median -305.6xmedian 21.3x -32.6xmedian 11.7x
P/FCF now vs peer median 50.3xmedian 25.2x 36.6xmedian 11.5x
P/B now vs peer median 34.1xmedian 2.1x 1.7xmedian 0.9x
PEG now vs peer median -1.15median 2.04 —median 1.21

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 monthsSMWBBLSH
Revenue $295.61M $190.34B
Gross profit $235.99M $71.94M
Operating income -$11.06M -$124.59M
Net income -$21.78M -$1.43B
Free cash flow $15.44M $113.88M
R&D $73.83M –
EPS (diluted) $-0.26 $-10.84
Cash & equivalents $73.90M $86.61M
Total debt – $11.00K
Shares (diluted) 84.82M 127.72M
Enterprise value $499.53M -$607.84M

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
MetricSMWBBLSH
P/E -34.8x -2.5x
P/FCF 50.3x 36.6x
P/Operating cash flow 54.8x 33.9x
P/S 2.6x 0.0x
P/B 34.1x 1.7x
P/Tangible book 34.1x 1.7x
EV/EBITDA -305.6x -32.6x
EV/EBIT -63.5x -30.9x
EV/Revenue 2.4x 0.0x
EV/FCF 45.5x 33.8x
EV/Operating cash flow 49.6x 31.3x
PEG (3Y EPS CAGR) -1.15 –

Growth

14 metrics
MetricSMWBBLSH
Revenue growth (1Y) 10.2% -26.5%
Revenue CAGR (3Y) 12.5% –
Gross profit growth (1Y) 12.1% -17.9%
Gross profit CAGR (3Y) 14.6% –
Operating income growth (1Y) 50.2% -57.2%
Operating income CAGR (3Y) 42.5% –
Net income growth (1Y) 25.1% -858.6%
Net income CAGR (3Y) 27.5% –
EPS growth (1Y) 28.7% -755.9%
EPS CAGR (3Y) 30.2% –
Operating cash flow growth (1Y) -30.9% 190.7%
Operating cash flow CAGR (3Y) 33.8% –
Free cash flow growth (1Y) -29.0% 171.4%
Free cash flow CAGR (3Y) 33.7% –

Profitability

14 metrics
MetricSMWBBLSH
Gross margin 79.8% 0.0%
EBITDA margin -0.8% -0.1%
Operating margin -3.7% -0.1%
Pretax margin -5.9% -0.8%
Net margin -7.4% -0.7%
FCF margin 5.2% 0.1%
Operating cash flow margin 4.8% 0.1%
Return on equity -108.3% -55.4%
Return on assets -8.8% -44.5%
Return on invested capital – -4.8%
Return on capital employed -19.5% -4.0%
Asset turnover 1.1x 59.3x
Cash conversion (OCF / net income) -0.7x -0.1x
Stock comp / revenue 6.2% 0.0%

Financial Health

11 metrics
MetricSMWBBLSH
Debt / assets – 0.0%
Debt / equity – 0.0x
Net debt / EBITDA – 2.6x
Debt / FCF – 0.0x
Liabilities / assets 91.9% 20.6%
Equity / assets 8.1% 79.4%
Interest coverage – -2.2x
Current ratio 0.8x 23.5x
Quick ratio 0.6x 2.5x
Cash ratio 0.3x 2.5x
Altman Z-score 0.47 64.94

Shareholder Returns

7 metrics
MetricSMWBBLSH
Dividend yield – –
Net buyback yield -0.3% –
Shareholder yield -0.3% –
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.

ConsensusSMWBBLSH
Forward P/E 40.6xFY2026 65.8xFY2026
EPS, next fiscal year $0.22FY2026 $0.42FY2026
EPS growth, next FY +266.7%FY2026 +40.0%FY2026
EPS growth, the year after +36.4% +95.2%
Revenue, next fiscal year $332.14MFY2026 $364.64MFY2026
Revenue growth, next FY +17.5%FY2026 +26.4%FY2026
Revenue growth, the year after +0.8% +5.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSMWBBLSH
Held by institutions 45.9% 32.8%
Institutions holding 68 175
Change in shares held, QoQ -7.8% +7.8%
Institutions buying 36 87
Institutions selling 18 70
Buyers to sellers 2.00 1.24

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.

SMWBBLSH
SMWB 1.00 0.20
BLSH 0.20 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, SMWB and BLSH?

Bullish (BLSH) is the largest by market capitalisation: Similarweb (SMWB) $776.57M, Bullish (BLSH) $4.17B.

Which company is growing faster?

Similarweb (SMWB) grew revenue fastest over the trailing twelve months: Similarweb (SMWB) +10.2%, Bullish (BLSH) -26.5%.

Which company is more profitable?

Bullish (BLSH) has the highest net margin (Similarweb (SMWB) -7.4%, Bullish (BLSH) -0.7%).

Which stock has performed better?

Over the past year Similarweb (SMWB) returned the most: Similarweb (SMWB) +1.4%, Bullish (BLSH) -49.0%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bullish (BLSH) has been the steadiest (Similarweb (SMWB) 81.3%, Bullish (BLSH) 73.1%). Volatility measures how widely the price swings, not the risk of the business.

Do SMWB and BLSH move together?

Their daily returns over the past year have a correlation of 0.20, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, SMWB and BLSH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bullish (BLSH) 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.