Which has grown faster, BLZE or PUBM?

Over the past five years, BLZE grew revenue faster — BLZE at a 21.16% CAGR versus PUBM at 9.07%.

Backblaze, Inc. (BLZE) vs PubMatic, Inc. (PUBM)

A side-by-side comparison of Backblaze, Inc. and PubMatic, 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.

$823M

$13.71TechnologyDelayed quote: Oct 6, 2026, 12:55 PM EDT

PUBM

PubMatic, Inc.

$870M

$18.62TechnologyDelayed quote: Oct 6, 2026, 12:55 PM EDT

Total return — BLZE vs PUBM

growth of $100 · dividends reinvested · last 5y

BLZE -30.3% (-7.0%/yr)PUBM -46.9% (-11.9%/yr)BLZE compounded faster over this window

BLZE PUBM

BLZE vs PUBM: by the numbers

•PUBM is the larger company ($870M vs $823M market cap).
•Both run net losses; PUBM's is the smaller (-4.66% vs -13.07% net margin).
•BLZE grew revenue faster over the past five years (21.16% vs 9.07% CAGR).

Metrics side by side

Valuation

Metric	BLZE	PUBM
Forward P/E	68.55	N/A
P/S ratio	5.26	3.01
P/B ratio	9.29	3.64
EV / EBITDA	104.23	21.92
FCF yield	2.19%	5.40%

Profitability

Metric	BLZE	PUBM
Gross margin	61.97%	64.43%
Operating margin	-11.20%	-4.89%
Net margin	-13.07%	-4.66%
ROE	-23.07%	-5.65%
ROIC	-11.30%	-4.95%

Growth (annualized)

Metric	BLZE	PUBM
Revenue CAGR (5Y)	21.16%	9.07%
FCF CAGR (5Y)	66.05%	37.31%
Total return CAGR (5Y)	N/A	-4.41%

Frequently asked

Which has grown faster, BLZE or PUBM?: Over the past five years, BLZE grew revenue faster — BLZE at a 21.16% CAGR versus PUBM at 9.07%.

Go deeper

Full BLZE analysis Full PUBM analysis Interactive comparison tool

Dig into the metrics

Backblaze ROE PubMatic ROE Backblaze operating margin PubMatic operating margin Backblaze revenue growth PubMatic revenue growth Backblaze free cash flow PubMatic free cash flow

Backblaze & PubMatic appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield 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.