BlackBerry
BB Β· Systems Software
$8.92
3.8%Rubrik
RBRK Β· Systems Software
$128.74
6.6%The short version
- Rubrik is the larger business, with $1.3B of revenue in fiscal 2026 against $549M for BlackBerry, about 2.4 times as much.
- Rubrik grew revenue faster (48.5%, against 2.7%).
- BlackBerry kept more of each dollar of sales as operating profit (8.8% operating margin, against β26.2% operating margin).
- Rubrik turned more of its sales into free cash flow (19.2% FCF margin, against 8.5% FCF margin).
| Latest fiscal year | BB Β· FY26 | RBRK Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $5.8B | $26.5B |
| Revenue | $549M | $1.3B |
| Free cash flow | $46.5M | $253M |
| Net income | $53.2M | β$349M |
| Growth | ||
| Revenue growth | 2.7% | 48.5% |
| 5-year growth | β9.3% | β |
| Share count change | 1.0% | 27.3% |
| Profitability | ||
| Gross margin | 76.2% | 80.1% |
| Operating margin | 8.8% | β26.2% |
| Net margin | 9.7% | β26.5% |
| FCF margin | 8.5% | 19.2% |
| Return on capital | 7.5% | β |
| Return on equity | 7.3% | β |
| Balance sheet | ||
| Net debt | β$163M | β$545M |
| Net debt / EBITDA | β2.5x | β |
| Dividends and buybacks | $60.7M | $0.0M |
| Valuation & quality | ||
| P/E | 74.3x | β |
| Piotroski F-score | 6 | 5 |
FY17
BB $1.3B
RBRK β
FY18
BB $932M
RBRK β
FY19
BB $904M
RBRK β
FY20
BB $1.0B
RBRK β
FY21
BB $893M
RBRK β
FY22
BB $718M
RBRK β
FY23
BB $526M
RBRK $600M
FY24
BB $759M
RBRK $628M
FY25
BB $535M
RBRK $887M
FY26
BB $549M
RBRK $1.3B
BB
RBRK
FY17
BB β90.2%
RBRK β
FY18
BB 30.4%
RBRK β
FY19
BB 6.6%
RBRK β
FY20
BB β14.3%
RBRK β
FY21
BB β124.0%
RBRK β
FY22
BB β0.3%
RBRK β
FY23
BB β39.3%
RBRK β43.6%
FY24
BB 1.5%
RBRK β48.8%
FY25
BB 0.2%
RBRK β127.9%
FY26
BB 8.8%
RBRK β26.2%
BB
RBRK
FY17
BB β$241M
RBRK β
FY18
BB $689M
RBRK β
FY19
BB $83.0M
RBRK β
FY20
BB $14.0M
RBRK β
FY21
BB $74.0M
RBRK β
FY22
BB β$36.0M
RBRK β
FY23
BB β$270M
RBRK β$5.7M
FY24
BB β$10.6M
RBRK β$16.9M
FY25
BB $13.4M
RBRK $31.3M
FY26
BB $46.5M
RBRK $253M
BB
RBRK
FY17
BB β
RBRK β
FY18
BB β
RBRK β
FY19
BB β
RBRK β
FY20
BB β
RBRK β
FY21
BB β
RBRK β
FY22
BB β
RBRK β
FY23
BB β
RBRK β
FY24
BB 1.0%
RBRK β
FY25
BB 0.1%
RBRK β
FY26
BB 7.5%
RBRK β
BB
RBRK
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