Allot Ltd. (ALLT) vs Backblaze, Inc. (BLZE)

Allot Ltd. and Backblaze, Inc. are both Software Infrastructure companies. Backblaze, Inc. is the larger, with a market value of $479.7M against $403.3M — 1.2× the size. Backblaze, Inc. has negative trailing earnings, so its P/E is not meaningful; Allot Ltd. trades at 37.3×. Backblaze, Inc. grew revenue faster over the last twelve months: 16.9% against 14.3%. Allot Ltd. has the higher net margin (9.40% vs −11.5%) and the higher return on invested capital (10.3% vs −12.5%). Across the 20 metrics below, Allot Ltd. leads on 14 and Backblaze, Inc. on 6.

Valuation

Metric ALLT BLZE Software Infrastructure median
P/E 37.32 n/m 24.43
P/S 3.70 2.88 2.81
P/B 3.56 5.88 2.88
Price to free cash flow 13.95 37.44 17.94
EV/EBITDA 35.73 41.24 14.51
EV/Sales 3.38 2.91 2.91
Earnings yield 2.68% (4.03%) 0.00%
Free cash flow yield 7.17% 2.67% 0.49%

Profitability

Metric ALLT BLZE Software Infrastructure median
Gross margin 71.30% 62.50% 57.45%
Operating margin 6.74% (9.67%) 0.00%
Net margin 9.40% (11.47%) 0.00%
Free cash flow margin 26.54% 10.82% 0.00%
Return on equity 0.00% (23.17%) 0.00%
Return on assets 5.73% (6.14%) 0.00%
Return on invested capital 10.30% (12.52%) 0.00%

Growth

Metric ALLT BLZE Software Infrastructure median
Revenue growth (TTM) 14.28% 16.87% 14.28%
EPS growth (last fiscal year) 153.33% 58.56% 18.26%
Revenue growth, 5-year CAGR (5.58%) 22.08% 16.15%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALLT BLZE Software Infrastructure median
Debt to equity 0.00 2.82 0.02
Current ratio 2.26 3.17 1.53
Net debt to EBITDA (8.60) (15.29) 0.05

Dividend

Metric ALLT BLZE Software Infrastructure median
Dividend yield — — 1.06%
Payout ratio — — 0.29

Size

Metric ALLT BLZE Software Infrastructure median
Market cap 403.29m 479.69m 661.51m

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