Backblaze, Inc. (BLZE) vs Cognyte Software Ltd. (CGNT)

Backblaze, Inc. and Cognyte Software Ltd. are both Software Infrastructure companies. Backblaze, Inc. and Cognyte Software Ltd. are of similar size ($651.3M and $613.4M). Backblaze, Inc. grew revenue faster over the last twelve months: 13.9% against 12.0%. Cognyte Software Ltd. has the higher net margin (−0.01% vs −13.1%) and the higher return on invested capital (9.28% vs −16.5%). Across the 20 metrics below, Cognyte Software Ltd. leads on 16 and Backblaze, Inc. on 4.

Valuation

Metric BLZE CGNT Software Infrastructure median
P/E n/m n/m 28.38
P/S 3.34 1.51 2.98
P/B 5.89 2.90 2.93
Price to free cash flow 50.03 19.04 16.28
EV/EBITDA 63.72 19.85 13.92
EV/Sales 3.25 1.39 2.90
Earnings yield (3.96%) 0.00% 0.14%
Free cash flow yield 2.00% 5.25% 1.24%

Profitability

Metric BLZE CGNT Software Infrastructure median
Gross margin 61.97% 72.96% 61.00%
Operating margin (11.61%) 4.13% 0.00%
Net margin (13.07%) (0.01%) 0.00%
Free cash flow margin 9.98% 7.93% 1.67%
Return on equity (24.29%) (0.03%) 0.60%
Return on assets (9.97%) (0.01%) 0.00%
Return on invested capital (16.49%) 9.28% 0.00%

Growth

Metric BLZE CGNT Software Infrastructure median
Revenue growth (TTM) 13.85% 11.99% 13.41%
EPS growth (last fiscal year) 58.56% 94.12% 27.10%
Revenue growth, 5-year CAGR 22.08% (2.04%) 15.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BLZE CGNT Software Infrastructure median
Debt to equity 0.34 0.00 0.05
Current ratio 1.00 1.34 1.55
Net debt to EBITDA (15.29) (4.63) 0.08

Dividend

Metric BLZE CGNT Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric BLZE CGNT Software Infrastructure median
Market cap 613.43m 651.31m 752.37m

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