Comprehensive Stock Comparison
Compare Braze, Inc. (BRZE) vs Freshworks Inc. (FRSH) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | BRZE | 25.8% revenue growth vs FRSH's 20.8% |
| Value | FRSH | Lower P/E (13.7x vs 45.1x) |
| Quality / Margins | FRSH | 21.9% net margin vs BRZE's -16.8% |
| Stability / Safety | FRSH | Beta 1.31 vs BRZE's 1.34, lower leverage |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | BRZE | -48.6% vs FRSH's -54.2% |
| Efficiency (ROA) | FRSH | 11.5% ROA vs BRZE's -11.2%, ROIC -17.8% vs -19.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Braze operates a cloud-based customer engagement platform that helps brands communicate with consumers across mobile, web, and email channels. It generates revenue primarily through subscription fees for its SaaS platform — typically based on monthly active users and message volume — with enterprise contracts forming the bulk of its business. The company's competitive advantage lies in its real-time data processing capabilities and sophisticated segmentation tools that enable personalized marketing at scale.
Freshworks provides cloud-based customer engagement software for businesses of all sizes. It generates revenue primarily through subscription fees for its suite of products — including Freshdesk for customer support (~40% of revenue), Freshsales for CRM (~30%), and other tools for marketing and IT service management. The company's key advantage is its unified, user-friendly platform that integrates multiple business functions, allowing customers to avoid the complexity of managing separate point solutions from different vendors.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
FRSH leads in 4 of 6 categories (Financial Metrics, Valuation Metrics). BRZE leads in 1 (Total Returns).
Financial Metrics (TTM)
FRSH and BRZE operate at a comparable scale, with $839M and $693M in trailing revenue. FRSH is the more profitable business, keeping 21.9% of every revenue dollar as net income compared to BRZE's -16.8%. On growth, BRZE holds the edge at +25.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | BRZEBraze, Inc. | FRSHFreshworks Inc. |
|---|---|---|
| RevenueTrailing 12 months | $693M | $839M |
| EBITDAEarnings before interest/tax | -$135M | $30M |
| Net IncomeAfter-tax profit | -$117M | $184M |
| Free Cash FlowCash after capex | $63M | $232M |
| Gross MarginGross profit ÷ Revenue | +68.1% | +85.0% |
| Operating MarginEBIT ÷ Revenue | -19.9% | +1.6% |
| Net MarginNet income ÷ Revenue | -16.8% | +21.9% |
| FCF MarginFCF ÷ Revenue | +9.0% | +27.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +25.5% | +14.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -22.2% | +10.3% |
Valuation Metrics
| Metric | BRZEBraze, Inc. | FRSHFreshworks Inc. |
|---|---|---|
| Market CapShares × price | $189M | $2.4B |
| Enterprise ValueMkt cap + debt − cash | $193M | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | -18.62x | -24.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 45.12x | 13.75x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 0.32x | 3.29x |
| Price / BookPrice ÷ Book value/share | 4.09x | 2.07x |
| Price / FCFMarket cap ÷ FCF | 8.06x | 16.25x |
Profitability & Efficiency
FRSH delivers a 17.8% return on equity — every $100 of shareholder capital generates $18 in annual profit, vs $-19 for BRZE. FRSH carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to BRZE's 0.18x. On the Piotroski fundamental quality scale (0–9), BRZE scores 6/9 vs FRSH's 5/9, reflecting solid financial health.
| Metric | BRZEBraze, Inc. | FRSHFreshworks Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -19.4% | +17.8% |
| ROA (TTM)Return on assets | -11.2% | +11.5% |
| ROICReturn on invested capital | -19.4% | -17.8% |
| ROCEReturn on capital employed | -22.9% | -11.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.18x | 0.03x |
| Net DebtTotal debt minus cash | $4M | -$582M |
| Cash & Equiv.Liquid assets | $83M | $620M |
| Total DebtShort + long-term debt | $87M | $38M |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in BRZE five years ago would be worth $2,033 today (with dividends reinvested), compared to $1,645 for FRSH. Over the past 12 months, BRZE leads with a -48.6% total return vs FRSH's -54.2%. The 3-year compound annual growth rate (CAGR) favors BRZE at -14.8% vs FRSH's -19.4% — a key indicator of consistent wealth creation.
| Metric | BRZEBraze, Inc. | FRSHFreshworks Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -41.7% | -32.6% |
| 1-Year ReturnPast 12 months | -48.6% | -54.2% |
| 3-Year ReturnCumulative with dividends | -38.1% | -47.7% |
| 5-Year ReturnCumulative with dividends | -79.7% | -83.6% |
| 10-Year ReturnCumulative with dividends | -79.7% | -83.6% |
| CAGR (3Y)Annualised 3-year return | -14.8% | -19.4% |
Risk & Volatility
FRSH is the less volatile stock with a 1.31 beta — it tends to amplify market swings less than BRZE's 1.34 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | BRZEBraze, Inc. | FRSHFreshworks Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.34x | 1.31x |
| 52-Week HighHighest price in past year | $43.89 | $17.21 |
| 52-Week LowLowest price in past year | $15.26 | $6.79 |
| % of 52W HighCurrent price vs 52-week peak | +43.3% | +45.4% |
| RSI (14)Momentum oscillator 0–100 | 44.9 | 40.1 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 4.6M |
Analyst Outlook
Wall Street rates BRZE as "Buy" and FRSH as "Buy". Consensus price targets imply 121.2% upside for BRZE (target: $42) vs 46.2% for FRSH (target: $11).
| Metric | BRZEBraze, Inc. | FRSHFreshworks Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $42.00 | $11.43 |
| # AnalystsCovering analysts | 25 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.6% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Nov 21 | Feb 26 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | 100 | 22.21 | -77.8% |
| Freshworks Inc. (FRSH) | 100 | 34.55 | -65.4% |
Braze, Inc. (BRZE) returned -80% over 5 years vs Freshworks Inc. (FRSH)'s -84%.
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | $96M | $593M | +515.8% |
| Freshworks Inc. (FRSH) | $127M | $720M | +467.8% |
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | -33.0% | -17.5% | +47.0% |
| Freshworks Inc. (FRSH) | 2.1% | -13.2% | -734.1% |
Chart 4EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | -1.87 | -1.02 | +45.5% |
| Freshworks Inc. (FRSH) | 0.16 | -0.32 | -300.0% |
Chart 5Free Cash Flow — 5 Years
Braze, Inc. generated $23M FCF in 2025 (+325% vs 2021). Freshworks Inc. generated $146M FCF in 2024 (+6131% vs 2021).
BRZE vs FRSH: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is BRZE or FRSH a better buy right now?
Analysts rate Braze, Inc. (BRZE) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BRZE or FRSH?
Over the past 5 years, Braze, Inc. (BRZE) delivered a total return of -79.7%, compared to -83.6% for Freshworks Inc. (FRSH). A $10,000 investment in BRZE five years ago would be worth approximately $2K today (assuming dividends reinvested). Over 10 years, the gap is even starker: BRZE returned -79.7% versus FRSH's -83.6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BRZE or FRSH?
By beta (market sensitivity over 5 years), Freshworks Inc. (FRSH) is the lower-risk stock at 1.31β versus Braze, Inc.'s 1.34β — meaning BRZE is approximately 2% more volatile than FRSH relative to the S&P 500. On balance sheet safety, Freshworks Inc. (FRSH) carries a lower debt/equity ratio of 3% versus 18% for Braze, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — BRZE or FRSH?
Freshworks Inc. (FRSH) is the more profitable company, earning -13.2% net margin versus -17.5% for Braze, Inc. — meaning it keeps -13.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FRSH leads at -19.2% versus -20.6% for BRZE. At the gross margin level — before operating expenses — FRSH leads at 84.3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Is BRZE or FRSH more undervalued right now?
On forward earnings alone, Freshworks Inc. (FRSH) trades at 13.7x forward P/E versus 45.1x for Braze, Inc. — 31.4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BRZE: 121.2% to $42.00.
06Which pays a better dividend — BRZE or FRSH?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is BRZE or FRSH better for a retirement portfolio?
For long-horizon retirement investors, Freshworks Inc. (FRSH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. Both have compounded well over 10 years (FRSH: -83.6%, BRZE: -79.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between BRZE and FRSH?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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