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Side-by-side financial comparison of JFrog Ltd (FROG) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $145.3M, roughly 1.1× JFrog Ltd). CPI Card Group Inc. runs the higher net margin — 4.8% vs -10.5%, a 15.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 22.3%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $35.2M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 16.9%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
FROG vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $153.1M |
| Net Profit | $-15.2M | $7.3M |
| Gross Margin | 77.9% | 31.5% |
| Operating Margin | -14.7% | 12.0% |
| Net Margin | -10.5% | 4.8% |
| Revenue YoY | 25.2% | 22.3% |
| Net Profit YoY | 34.4% | 8.5% |
| EPS (diluted) | $-0.13 | $0.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $145.3M | $153.1M | ||
| Q3 25 | $136.9M | $138.0M | ||
| Q2 25 | $127.2M | $129.8M | ||
| Q1 25 | $122.4M | $122.8M | ||
| Q4 24 | $116.1M | $125.1M | ||
| Q3 24 | $109.1M | $124.8M | ||
| Q2 24 | $103.0M | $118.8M | ||
| Q1 24 | $100.3M | $111.9M |
| Q4 25 | $-15.2M | $7.3M | ||
| Q3 25 | $-16.4M | $2.3M | ||
| Q2 25 | $-21.7M | $518.0K | ||
| Q1 25 | $-18.5M | $4.8M | ||
| Q4 24 | $-23.2M | $6.8M | ||
| Q3 24 | $-22.9M | $1.3M | ||
| Q2 24 | $-14.3M | $6.0M | ||
| Q1 24 | $-8.8M | $5.5M |
| Q4 25 | 77.9% | 31.5% | ||
| Q3 25 | 77.4% | 29.7% | ||
| Q2 25 | 76.3% | 30.9% | ||
| Q1 25 | 75.3% | 33.2% | ||
| Q4 24 | 75.4% | 34.1% | ||
| Q3 24 | 75.0% | 35.8% | ||
| Q2 24 | 78.8% | 35.7% | ||
| Q1 24 | 79.5% | 37.1% |
| Q4 25 | -14.7% | 12.0% | ||
| Q3 25 | -15.8% | 9.4% | ||
| Q2 25 | -20.4% | 7.3% | ||
| Q1 25 | -18.8% | 11.5% | ||
| Q4 24 | -21.9% | 12.7% | ||
| Q3 24 | -27.4% | 14.3% | ||
| Q2 24 | -18.6% | 12.5% | ||
| Q1 24 | -16.6% | 12.6% |
| Q4 25 | -10.5% | 4.8% | ||
| Q3 25 | -12.0% | 1.7% | ||
| Q2 25 | -17.0% | 0.4% | ||
| Q1 25 | -15.1% | 3.9% | ||
| Q4 24 | -20.0% | 5.4% | ||
| Q3 24 | -21.0% | 1.0% | ||
| Q2 24 | -13.9% | 5.1% | ||
| Q1 24 | -8.8% | 4.9% |
| Q4 25 | $-0.13 | $0.62 | ||
| Q3 25 | $-0.14 | $0.19 | ||
| Q2 25 | $-0.19 | $0.04 | ||
| Q1 25 | $-0.16 | $0.40 | ||
| Q4 24 | $-0.21 | $0.56 | ||
| Q3 24 | $-0.21 | $0.11 | ||
| Q2 24 | $-0.13 | $0.51 | ||
| Q1 24 | $-0.08 | $0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $704.4M | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $887.4M | $-17.3M |
| Total Assets | $1.3B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $21.7M | ||
| Q3 25 | $651.1M | $16.0M | ||
| Q2 25 | $611.7M | $17.1M | ||
| Q1 25 | $563.5M | $31.5M | ||
| Q4 24 | $522.0M | $33.5M | ||
| Q3 24 | $467.8M | $14.7M | ||
| Q2 24 | $591.3M | $7.5M | ||
| Q1 24 | $579.6M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $887.4M | $-17.3M | ||
| Q3 25 | $859.4M | $-25.7M | ||
| Q2 25 | $826.5M | $-29.0M | ||
| Q1 25 | $800.0M | $-29.7M | ||
| Q4 24 | $773.5M | $-35.6M | ||
| Q3 24 | $756.2M | $-42.8M | ||
| Q2 24 | $721.4M | $-44.6M | ||
| Q1 24 | $707.8M | $-48.5M |
| Q4 25 | $1.3B | $403.2M | ||
| Q3 25 | $1.3B | $407.1M | ||
| Q2 25 | $1.2B | $399.8M | ||
| Q1 25 | $1.2B | $351.9M | ||
| Q4 24 | $1.1B | $349.7M | ||
| Q3 24 | $1.1B | $342.3M | ||
| Q2 24 | $1.0B | $321.4M | ||
| Q1 24 | $997.1M | $319.8M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $50.7M | $39.6M |
| Free Cash FlowOCF − Capex | $49.9M | $35.2M |
| FCF MarginFCF / Revenue | 34.3% | 23.0% |
| Capex IntensityCapex / Revenue | 0.6% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $39.6M | ||
| Q3 25 | $30.2M | $10.0M | ||
| Q2 25 | $36.1M | $4.3M | ||
| Q1 25 | $28.8M | $5.6M | ||
| Q4 24 | $49.1M | $26.7M | ||
| Q3 24 | $27.6M | $12.5M | ||
| Q2 24 | $16.7M | $-4.8M | ||
| Q1 24 | $17.5M | $8.9M |
| Q4 25 | $49.9M | $35.2M | ||
| Q3 25 | $28.8M | $5.3M | ||
| Q2 25 | $35.5M | $533.0K | ||
| Q1 25 | $28.1M | $292.0K | ||
| Q4 24 | $48.5M | $21.6M | ||
| Q3 24 | $26.7M | $11.1M | ||
| Q2 24 | $16.0M | $-6.0M | ||
| Q1 24 | $16.6M | $7.4M |
| Q4 25 | 34.3% | 23.0% | ||
| Q3 25 | 21.0% | 3.8% | ||
| Q2 25 | 27.9% | 0.4% | ||
| Q1 25 | 23.0% | 0.2% | ||
| Q4 24 | 41.8% | 17.3% | ||
| Q3 24 | 24.5% | 8.9% | ||
| Q2 24 | 15.5% | -5.0% | ||
| Q1 24 | 16.6% | 6.6% |
| Q4 25 | 0.6% | 2.9% | ||
| Q3 25 | 1.0% | 3.4% | ||
| Q2 25 | 0.5% | 2.9% | ||
| Q1 25 | 0.5% | 4.3% | ||
| Q4 24 | 0.5% | 4.0% | ||
| Q3 24 | 0.9% | 1.2% | ||
| Q2 24 | 0.7% | 1.0% | ||
| Q1 24 | 0.8% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
