JFrog (FROG) FCF Margin (2019 - 2026)
JFrog's FCF Margin was 32.82% in Q2 2026, up 4.95 percentage points from 27.87% a year earlier and up 8.60 percentage points from the prior quarter.
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Analysis
JFrog (FROG) FCF Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, JFrog's FCF Margin was 28.29% through Jun 30, 2026, down 0.95 percentage points year-over-year; for FY2025, it was 26.75%, up 1.60 percentage points from FY2024.
- FCF Margin has now increased for three consecutive years, with a five-year change of +9.55 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 25.15% in FY2024 (+4.53 pp), 20.63% in FY2023 (+14.52 pp), 6.11% in FY2022 (-5.35 pp) and 11.45% in FY2021 (-5.74 pp).
- Quarterly FCF Margin has moved between -34.74% (Q3 2021) and 41.77% (Q4 2024) over five years.
- Compared with a year earlier, FCF Margin was higher in five of the last eight quarters, with an average year-over-year change of +2.35 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q3 2022 (a gain of 40.05 percentage points); the worst was Q3 2021 (a drop of 59.62 percentage points).
- Per Business Quant data, FROG's FCF Margin in the three quarters before Q2 2026 was 24.22% (Q1 2026), 34.31% (Q4 2025) and 21.04% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 27.59% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | 5.42% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 42.43% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 23.31% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 8.85% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 18.06% |
| 10 | JFrog | 12.34 Bn | 9.41 Bn | 127.62 Mn | 32.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.82% |
| Mar 31, 2026 | 24.22% |
| Dec 31, 2025 | 34.31% |
| Sep 30, 2025 | 21.04% |
| Jun 30, 2025 | 27.87% |
| Mar 31, 2025 | 22.99% |
| Dec 31, 2024 | 41.77% |
| Sep 30, 2024 | 24.49% |
| Jun 30, 2024 | 15.49% |
| Mar 31, 2024 | 16.58% |
| Dec 31, 2023 | 32.88% |
| Sep 30, 2023 | 28.65% |
| Jun 30, 2023 | 19.25% |
| Mar 31, 2023 | -1.75% |
| Dec 31, 2022 | 8.39% |
| Sep 30, 2022 | 5.31% |
| Jun 30, 2022 | 4.37% |
| Mar 31, 2022 | 6.10% |
| Dec 31, 2021 | 28.06% |
| Sep 30, 2021 | -34.74% |
API Access
JFrog FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=FROG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "FROG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=FROG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();