Adobe Inc. vs Braze, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
ADBE: 4—BRZE: 1wins
Rule of 40
48.3ADBE
37.1BRZE
check_circleADBE leads
Revenue Growth
15.7%ADBE
25.4%BRZE
check_circleBRZE leads
Gross Margin
89%ADBE
67%BRZE
check_circleADBE leads
FCF Margin
32.6%ADBE
11.7%BRZE
check_circleADBE leads
Operating Margin
35.9%ADBE
-19.4%BRZE
check_circleADBE leads
NRR
—ADBE
—BRZE
Metric
Rule of 40Efficiency score
ADBE
48.3check_circle
BRZE
37.1
Revenue GrowthYoY
ADBE
15.7%
BRZE
25.4%check_circle
Gross Margin% of revenue
ADBE
89%check_circle
BRZE
67%
FCF MarginFree cash flow
ADBE
32.6%check_circle
BRZE
11.7%
Operating MarginGAAP
ADBE
35.9%check_circle
BRZE
-19.4%
NRRNet retention
ADBE
N/A
BRZE
N/A
EV / RevenueValuation multiple
ADBE
3.6xcheck_circle
BRZE
3.9x
Market CapUSD
ADBE
$94.3Bcheck_circle
BRZE
$3.0B
ARR GrowthYoY
ADBE
N/A
BRZE
N/A
CAC PaybackMonths to recover
ADBE
N/A
BRZE
N/A
insights
Analysis
As of Q2 2026, Adobe Inc. trades at 3.6x EV/Revenue versus Braze, Inc. at 3.9x. On the Rule of 40, Adobe Inc. scores 48.3 compared to Braze, Inc.'s 37.1, placing Adobe Inc. ahead in operating efficiency. Gross margins stand at Adobe Inc. 89% vs Braze, Inc. 67%.
Sector Context
Both companies operate in the Marketing Tech sector. The median columns above show where each company stands relative to their peers.