GTLB vs. FROG

Last updated Apr 1, 2026

Compare and contrast key facts about GitLab Inc. (GTLB) and JFrog Ltd. (FROG).

Performance

GTLB vs. FROG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GitLab Inc. (GTLB) and JFrog Ltd. (FROG). The values are adjusted to include any dividend payments, if applicable.

GTLB vs. FROG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GTLB GitLab Inc.	-42.34%	-33.40%	-10.50%	38.56%	-47.77%	-16.26%
FROG JFrog Ltd.	-24.86%	112.38%	-15.02%	62.26%	-28.18%	-13.51%

Fundamentals

Market Cap GTLB : $3.66B FROG : $5.57B
EPS GTLB : -$0.34 FROG : -$0.61
PS Ratio GTLB : 3.77 FROG : 10.33
PB Ratio GTLB : 3.70 FROG : 6.28
Total Revenue (TTM) GTLB : $955.22M FROG : $531.84M
Gross Profit (TTM) GTLB : $834.48M FROG : $405.58M
EBITDA (TTM) GTLB : -$62.25M FROG : -$52.77M

Returns By Period

In the year-to-date period, GTLB achieves a -42.34% return, which is significantly lower than FROG's -24.86% return.

GTLB

• 1D: 4.04%
• 1M: -17.72%
• YTD: -42.34%
• 6M: -52.00%
• 1Y: -53.96%
• 3Y*: -14.22%
• 5Y*: —
• 10Y*: —

FROG

• 1D: 9.75%
• 1M: 16.89%
• YTD: -24.86%
• 6M: -0.85%
• 1Y: 46.66%
• 3Y*: 33.56%
• 5Y*: 0.93%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GTLB vs. FROG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTLB

GTLB Risk / Return Rank: 6
GTLB Sharpe Ratio Rank: 5
GTLB Sortino Ratio Rank: 6
GTLB Omega Ratio Rank: 8
GTLB Calmar Ratio Rank: 9
GTLB Martin Ratio Rank: 1

FROG

FROG Risk / Return Rank: 66
FROG Sharpe Ratio Rank: 67
FROG Sortino Ratio Rank: 67
FROG Omega Ratio Rank: 68
FROG Calmar Ratio Rank: 62
FROG Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GTLB vs. FROG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GitLab Inc. (GTLB) and JFrog Ltd. (FROG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GTLB	FROG	Difference
Sharpe ratio Return per unit of total volatility	-0.95	0.74	-1.69
Sortino ratio Return per unit of downside risk	-1.46	1.42	-2.88
Omega ratio Gain probability vs. loss probability	0.83	1.20	-0.37
Calmar ratio Return relative to maximum drawdown	-0.89	0.94	-1.83
Martin ratio Return relative to average drawdown	-2.05	2.95	-4.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTLB vs. FROG - Sharpe Ratio Comparison

The current GTLB Sharpe Ratio is -0.95, which is lower than the FROG Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of GTLB and FROG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GTLB	FROG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.95	0.74	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	-0.10	-0.30

Correlation

The correlation between GTLB and FROG is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GTLB vs. FROG - Dividend Comparison

Neither GTLB nor FROG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

GTLB vs. FROG - Drawdown Comparison

The maximum GTLB drawdown since its inception was -84.45%, which is greater than FROG's maximum drawdown of -80.38%. Use the drawdown chart below to compare losses from any high point for GTLB and FROG.

Drawdown Indicators

	GTLB	FROG	Difference
Max Drawdown Largest peak-to-trough decline	-84.45%	-80.38%	-4.07%
Max Drawdown (1Y) Largest decline over 1 year	-61.91%	-49.62%	-12.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-67.78%	—
Current Drawdown Current decline from peak	-83.47%	-45.65%	-37.82%
Average Drawdown Average peak-to-trough decline	-60.18%	-57.58%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.99%	15.84%	+11.15%

Volatility

GTLB vs. FROG - Volatility Comparison

The current volatility for GitLab Inc. (GTLB) is 13.98%, while JFrog Ltd. (FROG) has a volatility of 20.23%. This indicates that GTLB experiences smaller price fluctuations and is considered to be less risky than FROG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTLB	FROG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.98%	20.23%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	40.73%	54.55%	-13.82%
Volatility (1Y) Calculated over the trailing 1-year period	56.85%	63.65%	-6.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.60%	55.58%	+19.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.60%	56.54%	+18.06%

Financials

GTLB vs. FROG - Profitability Comparison

The chart below illustrates the profitability comparison between GitLab Inc. and JFrog Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GTLB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, GitLab Inc. reported a gross profit of 225.42M and revenue of 260.40M. Therefore, the gross margin over that period was 86.6%.

FROG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, JFrog Ltd. reported a gross profit of 111.56M and revenue of 145.31M. Therefore, the gross margin over that period was 76.8%.

GTLB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, GitLab Inc. reported an operating income of -5.16M and revenue of 260.40M, resulting in an operating margin of -2.0%.

FROG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JFrog Ltd. reported an operating income of -19.87M and revenue of 145.31M, resulting in an operating margin of -13.7%.

GTLB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, GitLab Inc. reported a net income of -2.60M and revenue of 260.40M, resulting in a net margin of -1.0%.

FROG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JFrog Ltd. reported a net income of -15.21M and revenue of 145.31M, resulting in a net margin of -10.5%.