Which has grown faster, BLZE or LPTH?

Over the past five years, BLZE grew revenue faster — BLZE at a 21.16% CAGR versus LPTH at 13.27%.

Backblaze, Inc. (BLZE) vs LightPath Technologies, Inc. (LPTH)

A side-by-side comparison of Backblaze, Inc. and LightPath Technologies, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

BLZE

Backblaze, Inc.

$828M

$13.80TechnologyDelayed quote: Oct 6, 2026, 4:00 PM EDT

LPTH

LightPath Technologies, Inc.

$683M

$10.87TechnologyDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — BLZE vs LPTH

growth of $100 · dividends reinvested · last 5y

BLZE -30.3% (-7.0%/yr)LPTH +443.2% (+40.3%/yr)LPTH compounded faster over this window

Log scale — wide-divergence pair

BLZE LPTH

BLZE vs LPTH: by the numbers

•BLZE is the larger company ($828M vs $683M market cap).
•Both run net losses; BLZE's is the smaller (-13.07% vs -28.65% net margin).
•BLZE grew revenue faster over the past five years (21.16% vs 13.27% CAGR).

Metrics side by side

Valuation

Metric	BLZE	LPTH
Forward P/E	69.00	N/A
P/S ratio	5.30	9.52
P/B ratio	9.35	4.57
EV / EBITDA	104.87	N/A
FCF yield	2.17%	N/A

Profitability

Metric	BLZE	LPTH
Gross margin	61.97%	35.98%
Operating margin	-11.20%	-1.64%
Net margin	-13.07%	-28.65%
ROE	-23.07%	-12.97%
ROIC	-11.30%	-0.70%

Growth (annualized)

Metric	BLZE	LPTH
Revenue CAGR (5Y)	21.16%	13.27%
FCF CAGR (5Y)	66.05%	N/A
Total return CAGR (5Y)	N/A	38.78%

Frequently asked

Which has grown faster, BLZE or LPTH?: Over the past five years, BLZE grew revenue faster — BLZE at a 21.16% CAGR versus LPTH at 13.27%.

Go deeper

Full BLZE analysis Full LPTH analysis Interactive comparison tool

Dig into the metrics

Backblaze ROE LightPath Technologies ROE Backblaze operating margin LightPath Technologies operating margin Backblaze revenue growth LightPath Technologies revenue growth Backblaze free cash flow LightPath Technologies free cash flow

Backblaze & LightPath Technologies appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.