Comprehensive Stock Comparison
Compare Braze, Inc. (BRZE) vs SAP SE (SAP) 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 SAP's 3.4% |
| Value | SAP | Lower P/E (27.8x vs 45.1x) |
| Quality / Margins | SAP | 19.9% net margin vs BRZE's -16.8% |
| Stability / Safety | SAP | Beta 0.86 vs BRZE's 1.34, lower leverage |
| Dividends | SAP | 1.3% yield; 2-year raise streak; BRZE pays no meaningful dividend |
| Momentum (1Y) | SAP | -25.8% vs BRZE's -48.6% |
| Efficiency (ROA) | SAP | 10.4% ROA vs BRZE's -11.2%, ROIC 16.1% 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.
SAP is a global enterprise software company that provides business applications, technology platforms, and cloud services for organizations worldwide. It generates revenue primarily through software licenses and cloud subscriptions — with cloud services now representing over 40% of total revenue — along with consulting and support services. The company's key advantage is its deep integration across business functions — from finance to supply chain to HR — creating switching costs and network effects within its large enterprise customer base.
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
SAP leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). BRZE leads in 1 (Valuation Metrics).
Financial Metrics (TTM)
SAP is the larger business by revenue, generating $36.7B annually — 52.9x BRZE's $693M. SAP is the more profitable business, keeping 19.9% 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. | SAPSAP SE |
|---|---|---|
| RevenueTrailing 12 months | $693M | $36.7B |
| EBITDAEarnings before interest/tax | -$135M | $11.5B |
| Net IncomeAfter-tax profit | -$117M | $7.3B |
| Free Cash FlowCash after capex | $63M | $8.4B |
| Gross MarginGross profit ÷ Revenue | +68.1% | +73.3% |
| Operating MarginEBIT ÷ Revenue | -19.9% | +27.0% |
| Net MarginNet income ÷ Revenue | -16.8% | +19.9% |
| FCF MarginFCF ÷ Revenue | +9.0% | +22.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +25.5% | +2.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -22.2% | +14.7% |
Valuation Metrics
| Metric | BRZEBraze, Inc. | SAPSAP SE |
|---|---|---|
| Market CapShares × price | $189M | $234.7B |
| Enterprise ValueMkt cap + debt − cash | $193M | $234.5B |
| Trailing P/EPrice ÷ TTM EPS | -18.62x | 28.52x |
| Forward P/EPrice ÷ next-FY EPS est. | 45.12x | 27.77x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.32x |
| EV / EBITDAEnterprise value multiple | — | 17.84x |
| Price / SalesMarket cap ÷ Revenue | 0.32x | 5.63x |
| Price / BookPrice ÷ Book value/share | 4.09x | 4.44x |
| Price / FCFMarket cap ÷ FCF | 8.06x | 25.07x |
Profitability & Efficiency
SAP delivers a 16.2% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $-19 for BRZE. SAP carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to BRZE's 0.18x. On the Piotroski fundamental quality scale (0–9), SAP scores 9/9 vs BRZE's 6/9, reflecting strong financial health.
| Metric | BRZEBraze, Inc. | SAPSAP SE |
|---|---|---|
| ROE (TTM)Return on equity | -19.4% | +16.2% |
| ROA (TTM)Return on assets | -11.2% | +10.4% |
| ROICReturn on invested capital | -19.4% | +16.1% |
| ROCEReturn on capital employed | -22.9% | +18.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 9 |
| Debt / EquityFinancial leverage | 0.18x | 0.18x |
| Net DebtTotal debt minus cash | $4M | -$149M |
| Cash & Equiv.Liquid assets | $83M | $8.2B |
| Total DebtShort + long-term debt | $87M | $8.1B |
| Interest CoverageEBIT ÷ Interest expense | — | 8.94x |
Total Returns (with DRIP)
A $10,000 investment in SAP five years ago would be worth $17,166 today (with dividends reinvested), compared to $2,033 for BRZE. Over the past 12 months, SAP leads with a -25.8% total return vs BRZE's -48.6%. The 3-year compound annual growth rate (CAGR) favors SAP at 22.4% vs BRZE's -14.8% — a key indicator of consistent wealth creation.
| Metric | BRZEBraze, Inc. | SAPSAP SE |
|---|---|---|
| YTD ReturnYear-to-date | -41.7% | -14.9% |
| 1-Year ReturnPast 12 months | -48.6% | -25.8% |
| 3-Year ReturnCumulative with dividends | -38.1% | +83.4% |
| 5-Year ReturnCumulative with dividends | -79.7% | +71.7% |
| 10-Year ReturnCumulative with dividends | -79.7% | +193.8% |
| CAGR (3Y)Annualised 3-year return | -14.8% | +22.4% |
Risk & Volatility
SAP is the less volatile stock with a 0.86 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. SAP currently trades 64.3% from its 52-week high vs BRZE's 43.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BRZEBraze, Inc. | SAPSAP SE |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.34x | 0.86x |
| 52-Week HighHighest price in past year | $43.89 | $313.28 |
| 52-Week LowLowest price in past year | $15.26 | $189.22 |
| % of 52W HighCurrent price vs 52-week peak | +43.3% | +64.3% |
| RSI (14)Momentum oscillator 0–100 | 44.9 | 45.3 |
| Avg Volume (50D)Average daily shares traded | 2.4M | 2.4M |
Analyst Outlook
Wall Street rates BRZE as "Buy" and SAP as "Buy". Consensus price targets imply 121.2% upside for BRZE (target: $42) vs 106.1% for SAP (target: $415). SAP is the only dividend payer here at 1.31% yield — a key consideration for income-focused portfolios.
| Metric | BRZEBraze, Inc. | SAPSAP SE |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $42.00 | $415.33 |
| # AnalystsCovering analysts | 25 | 43 |
| Dividend YieldAnnual dividend ÷ price | — | +1.3% |
| Dividend StreakConsecutive years of raises | — | 2 |
| Dividend / ShareAnnual DPS | — | $2.24 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.9% |
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% |
| SAP SE (SAP) | 100 | 159.64 | +59.6% |
SAP SE (SAP) returned +72% over 5 years vs Braze, Inc. (BRZE)'s -80%. A $10,000 investment in SAP 5 years ago would be worth $17,166 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | $96M | $593M | +515.8% |
| SAP SE (SAP) | $22.1B | $35.3B | +60.2% |
SAP SE's revenue grew from $22.1B (2016) to $35.3B (2025) — a 5.4% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | -33.0% | -17.5% | +47.0% |
| SAP SE (SAP) | 16.5% | 19.9% | +20.6% |
SAP SE's net margin went from 17% (2016) to 20% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| SAP SE (SAP) | 33.5 | 40.6 | +21.2% |
SAP SE has traded in a 29x–93x P/E range over 9 years; current trailing P/E is ~29x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Braze, Inc. (BRZE) | -1.87 | -1.02 | +45.5% |
| SAP SE (SAP) | 3.03 | 5.99 | +97.7% |
SAP SE's EPS grew from $3.03 (2016) to $5.99 (2025) — a 8% CAGR.
Chart 6Free Cash Flow — 5 Years
Braze, Inc. generated $23M FCF in 2025 (+325% vs 2021). SAP SE generated $8B FCF in 2025 (+44% vs 2021).
BRZE vs SAP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BRZE or SAP a better buy right now?
SAP SE (SAP) offers the better valuation at 28.5x trailing P/E (27.8x forward), making it the more compelling value choice. 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 has the better valuation — BRZE or SAP?
On forward P/E, SAP SE is actually cheaper at 27.8x.
03Which is the better long-term investment — BRZE or SAP?
Over the past 5 years, SAP SE (SAP) delivered a total return of +71.7%, compared to -79.7% for Braze, Inc. (BRZE). A $10,000 investment in SAP five years ago would be worth approximately $17K today (assuming dividends reinvested). Over 10 years, the gap is even starker: SAP returned +193.8% versus BRZE's -79.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BRZE or SAP?
By beta (market sensitivity over 5 years), SAP SE (SAP) is the lower-risk stock at 0.86β versus Braze, Inc.'s 1.34β — meaning BRZE is approximately 57% more volatile than SAP relative to the S&P 500. On balance sheet safety, SAP SE (SAP) carries a lower debt/equity ratio of 18% versus 18% for Braze, Inc. — giving it more financial flexibility in a downturn.
05Which has better profit margins — BRZE or SAP?
SAP SE (SAP) is the more profitable company, earning 19.9% net margin versus -17.5% for Braze, Inc. — meaning it keeps 19.9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: SAP leads at 28.0% versus -20.6% for BRZE. At the gross margin level — before operating expenses — SAP leads at 73.5%, 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.
06Is BRZE or SAP more undervalued right now?
On forward earnings alone, SAP SE (SAP) trades at 27.8x forward P/E versus 45.1x for Braze, Inc. — 17.3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BRZE: 121.2% to $42.00.
07Which pays a better dividend — BRZE or SAP?
In this comparison, SAP (1.3% yield) pays a dividend. BRZE does not pay a meaningful dividend and should not be held primarily for income.
08Is BRZE or SAP better for a retirement portfolio?
For long-horizon retirement investors, SAP SE (SAP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.86), 1.3% yield, +193.8% 10Y return). Both have compounded well over 10 years (SAP: +193.8%, 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.
09What are the main differences between BRZE and SAP?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. SAP pays a dividend while BRZE does not, making them suitable for different income and tax situations. 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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