Backblaze, Inc. (BLZE) vs Mitek Systems, Inc. (MITK)
A side-by-side comparison of Backblaze, Inc. and Mitek Systems, 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.
$13.71TechnologyDelayed quote: Oct 6, 2026, 12:55 PM EDT
MITK
Mitek Systems, Inc.
$17.66TechnologyDelayed quote: Oct 6, 2026, 12:55 PM EDT
Total return — BLZE vs MITK
growth of $100 · dividends reinvested · last 5yBLZE -30.3% (-7.0%/yr)MITK -5.9% (-1.2%/yr)MITK compounded faster over this window
BLZE MITK
BLZE vs MITK: by the numbers
- •BLZE is the larger company ($823M vs $798M market cap).
- •MITK is profitable (11.39% net margin) while BLZE runs a net loss (-13.07%).
- •BLZE grew revenue faster over the past five years (21.16% vs 11.05% CAGR).
Metrics side by side
Valuation
| Metric | BLZE | MITK |
|---|---|---|
| P/E ratio | N/A | 37.73 |
| Forward P/E | 68.55 | 14.97 |
| PEG ratio | N/A | 34.61 |
| P/S ratio | 5.26 | 4.03 |
| P/B ratio | 9.29 | 3.18 |
| EV / EBITDA | 104.23 | 13.09 |
| FCF yield | 2.19% | 6.10% |
Profitability
| Metric | BLZE | MITK |
|---|---|---|
| Gross margin | 61.97% | 87.92% |
| Operating margin | -11.20% | 9.34% |
| Net margin | -13.07% | 11.39% |
| ROE | -23.07% | 9.00% |
| ROIC | -11.30% | 8.11% |
Growth (annualized)
| Metric | BLZE | MITK |
|---|---|---|
| Revenue CAGR (5Y) | 21.16% | 11.05% |
| EPS CAGR (5Y) | N/A | 0.00% |
| FCF CAGR (5Y) | 66.05% | 9.76% |
| Total return CAGR (5Y) | N/A | -0.63% |
Frequently asked
- Which has grown faster, BLZE or MITK?
- Over the past five years, BLZE grew revenue faster — BLZE at a 21.16% CAGR versus MITK at 11.05%.
- Is BLZE or MITK more profitable?
- MITK runs the higher net margin — BLZE at -13.07% versus MITK at 11.39%.
Go deeper
Dig into the metrics
Mitek Systems P/E ratioBackblaze ROEMitek Systems ROEBackblaze operating marginMitek Systems operating marginBackblaze revenue growthMitek Systems revenue growthBackblaze free cash flowMitek Systems free cash flow
Backblaze & Mitek Systems appear in these rankings
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.