DOCU vs. FROG: DocuSign vs. JFrog Stock Comparison

November 11, 2026

How do DocuSign (DOCU) and JFrog (FROG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

DocuSign (DOCU) and JFrog (FROG) both belong to the Software industry, though DOCU is classified under Application Software while FROG falls under Systems Software.

Company profile comparison for DocuSign (DOCU) and JFrog (FROG)
Profile Item	DOCU	FROG
Name	DocuSign Inc.	JFrog Ltd.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Software & Services	Software & Services
GICS Industry	Software	Software
GICS Sub-Industry	Application Software	Systems Software
Market Capitalization	14.51 billion USD	12.45 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	April 27, 2018	September 16, 2020
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DOCU

FROG

GSPC

DocuSign (DOCU) vs. JFrog (FROG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DocuSign (DOCU) and JFrog (FROG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DocuSign (DOCU) and JFrog (FROG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
Total Return (1Y)	12.03%	77.72%
Total Return (3Y, Annualized)	24.94%	60.36%
Total Return (5Y, Annualized)	-22.27%	22.50%

Risk Profile

Drawdown History

DOCU

FROG

GSPC

DocuSign (DOCU) vs. JFrog (FROG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DocuSign (DOCU) and JFrog (FROG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
Volatility (1Y, Annualized)	48.32%	80.78%
Beta (5Y)	0.79	1.26
Max Drawdown (5Y)	-86.00%	-56.17%
Avg. Volume (3M)	2.99M	1.95M

Risk-Adjusted Performance

Risk-Return Positioning

DOCU and FROG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
Sharpe Ratio (1Y)	0.16	0.91
Sortino Ratio (1Y)	0.23	1.48

Profitability

ROE (TTM)

JFrog (FROG) reports a negative ROE of -2.26%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile DocuSign (DOCU) reports 17.80%, ranking against industry peers normally.

DOCU

Software & Services industry group

17.80%

Max: 53.85%
Q3: 17.90%
DOCU: 17.80%
Median: 6.59%
Q1: -9.59%
Min: -50.52%

FROG

Software & Services industry group

-2.26%

Max: 53.85%
Q3: 17.90%
Median: 6.59%
FROG: -2.26%
Q1: -9.59%
Min: -50.52%

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

JFrog (FROG) reports a negative net margin of -3.28%, usually indicating a net loss over the period. Meanwhile DocuSign (DOCU) reports 9.82%, ranking against industry peers normally.

DOCU

Software & Services industry group

9.82%

Max: 41.17%
Q3: 15.28%
DOCU: 9.82%
Median: 4.63%
Q1: -5.42%
Min: -33.17%

FROG

Software & Services industry group

-3.28%

Max: 41.17%
Q3: 15.28%
Median: 4.63%
FROG: -3.28%
Q1: -5.42%
Min: -33.17%

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

JFrog (FROG) reports a negative operating margin of -0.27%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile DocuSign (DOCU) reports 13.43%, ranking against industry peers normally.

DOCU

Software & Services industry group

13.43%

Max: 46.89%
Q3: 17.64%
DOCU: 13.43%
Median: 8.73%
Q1: -2.13%
Min: -30.45%

FROG

Software & Services industry group

-0.27%

Max: 46.89%
Q3: 17.64%
Median: 8.73%
FROG: -0.27%
Q1: -2.13%
Min: -30.45%

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
ROE (TTM)	17.80%	-2.26%
ROA (TTM)	6.35%	-1.85%
Net Margin (TTM)	9.82%	-3.28%
Operating Margin (TTM)	13.43%	-0.27%
Gross Margin (TTM)	79.61%	78.44%

Growth

Revenue Growth

Both DocuSign (DOCU) at 8.16% and JFrog (FROG) at 24.12% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: DocuSign (DOCU) reports EPS growth of -70.87%, ranked against its industry; JFrog (FROG) has no EPS growth figure this period.

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
Revenue Growth (YoY)	8.16%	24.12%
Revenue Growth (3Y CAGR)	8.57%	23.84%
EPS Growth (YoY)	-70.87%	--
EPS Growth (3Y CAGR)	--	--

Financial Strength

Current Ratio (MRQ)

JFrog (FROG) at 2.15 keeps current ratio within its industry’s typical mid-range, while DocuSign (DOCU) at 0.64 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DOCU.

DOCU

Software & Services industry group

0.64

Max: 5.11
Q3: 2.77
Median: 1.67
Q1: 1.01
DOCU: 0.64
Min: 0.03

FROG

Software & Services industry group

2.15

Max: 5.11
Q3: 2.77
FROG: 2.15
Median: 1.67
Q1: 1.01
Min: 0.03

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both DocuSign (DOCU) at 0.11 and JFrog (FROG) at 0.11 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

DOCU

Software & Services industry group

0.11

Max: 2.52
Q3: 1.13
Median: 0.40
DOCU: 0.11
Q1: 0.07
Min: 0.00

FROG

Software & Services industry group

0.11

Max: 2.52
Q3: 1.13
Median: 0.40
FROG: 0.11
Q1: 0.07
Min: 0.00

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
Current Ratio (MRQ)	0.64	2.15
Debt / Equity (MRQ)	0.11	0.11
Net Debt / EBITDA	-1.35	--

Dividends

Dividend Yield (TTM)

Neither DocuSign (DOCU) nor JFrog (FROG) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

DOCU

Software & Services industry group

0.00%

DOCU: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FROG

Software & Services industry group

0.00%

FROG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither DocuSign (DOCU) nor JFrog (FROG) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

DOCU

Software & Services industry group

0.00%

DOCU: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FROG

Software & Services industry group

0.00%

FROG: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: DocuSign (DOCU) trades at 47.32 times trailing earnings, ranked against its peers, while JFrog (FROG) has no P/E ratio this period.

DOCU

Software & Services industry group

47.32

Max: 112.94
Q3: 60.32
DOCU: 47.32
Median: 32.91
Q1: 18.77
Min: 6.69

FROG

Software & Services industry group

Max: 112.94
Q3: 60.32
Median: 32.91
Q1: 18.77
Min: 6.69
FROG: --

DocuSign (DOCU) vs. JFrog (FROG): FROG does not report P/E ratio, so it has no value marker; DOCU is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

DocuSign (DOCU) at 4.32 prices around its industry’s typical P/S ratio, while JFrog (FROG) at 19.39 clears its benchmark range — FROG looks notably rich on sales.

DOCU

Software & Services industry group

4.32

Max: 17.91
Q3: 8.78
DOCU: 4.32
Median: 4.25
Q1: 2.23
Min: 0.02

FROG

Software & Services industry group

19.39

FROG: 19.39
Max: 17.91
Q3: 8.78
Median: 4.25
Q1: 2.23
Min: 0.02

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

DocuSign (DOCU) at 8.50 is valued about in line with its industry on P/B ratio, while JFrog (FROG) at 12.37 carries an above-peer premium to book — FROG is pricier on assets.

DOCU

Software & Services industry group

8.50

Max: 16.63
DOCU: 8.50
Q3: 8.50
Median: 4.30
Q1: 1.92
Min: -3.90

FROG

Software & Services industry group

12.37

Max: 16.63
FROG: 12.37
Q3: 8.50
Median: 4.30
Q1: 1.92
Min: -3.90

DocuSign (DOCU) vs. JFrog (FROG): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for DocuSign (DOCU) and JFrog (FROG)
Metric	DOCU	FROG
P/E Ratio (TTM)	47.32	--
P/S Ratio (TTM)	4.32	19.39
P/B Ratio (MRQ)	8.50	12.37
Free Cash Flow Yield (TTM)	9.05%	1.85%