Adobe Inc. vs Braze, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
ADBE: 4—BRZE: 1wins
Rule of 40
48.3ADBE
47.1BRZE
check_circleADBE leads
Revenue Growth
15.7%ADBE
36.4%BRZE
check_circleBRZE leads
Gross Margin
89%ADBE
67%BRZE
check_circleADBE leads
FCF Margin
32.6%ADBE
10.7%BRZE
check_circleADBE leads
Operating Margin
35.9%ADBE
-15.1%BRZE
check_circleADBE leads
NRR
—ADBE
—BRZE
Metric
Rule of 40Efficiency score
ADBE
48.3check_circle
BRZE
47.1
Revenue GrowthYoY
ADBE
15.7%
BRZE
36.4%check_circle
Gross Margin% of revenue
ADBE
89%check_circle
BRZE
67%
FCF MarginFree cash flow
ADBE
32.6%check_circle
BRZE
10.7%
Operating MarginGAAP
ADBE
35.9%check_circle
BRZE
-15.1%
NRRNet retention
ADBE
N/A
BRZE
N/A
EV / RevenueValuation multiple
ADBE
3.8x
BRZE
3.3xcheck_circle
Market CapUSD
ADBE
$98.9Bcheck_circle
BRZE
$2.8B
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 3.8x EV/Revenue versus Braze, Inc. at 3.3x. On the Rule of 40, Adobe Inc. scores 48.3 compared to Braze, Inc.'s 47.1, 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.