Braze vs Vertex
Vertex reported revenue of $748 million in fiscal 2025, about the same as Braze's $738 million in fiscal 2026. Braze's revenue grew 24.4% in its latest year, and Vertex's grew 12.2%. Braze had an operating margin of -19.6%, against 0.3% at Vertex. Their fiscal years end in different months (January 31 and December 31), so the periods don't line up exactly.
Side by side
| Braze | Vertex | |
|---|---|---|
| Latest fiscal year | FY2026, Jan 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $738M | $748M |
| Revenue growth | 24.4% | 12.2% |
| Revenue growth a year, last 5 years | 37.5% | 14.8% |
| Gross margin | 67.2% | 64.3% |
| Operating margin | −19.6% | 0.3% |
| Net margin | −17.8% | 1.0% |
| Free cash flow | $62M | — |
| Free cash flow margin | 8.4% | — |
| Return on capital | — | 0.9% |
| Net debt to EBITDA | — | 0.2x |
| Dividends and buybacks | $0M | $10M |
| Change in diluted share count | 5.6% | — |
| Last close | $45.79 | $17.08 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $12.7 million | bought $6.5 million, sold $82,365 |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BrazeVertex
Operating margin
Percent of revenue
BrazeVertex
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BrazeVertex