Freshworks (FRSH) vs Q2 (QTWO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Freshworks (FRSH) has outperformed Q2 (QTWO) over the past year, gaining 21.6% versus a loss of 10.5%. Over five years, QTWO leads with a -29.4% price change compared with -67.2% for FRSH. Q2 is the larger company by market cap ($3.59 billion vs $3.55 billion), about 1.0 times the size, while Freshworks is growing revenue faster (+16.4% vs +14.1%).
On valuation, Freshworks trades at a lower forward P/E (16.4x vs 17.1x for Q2). Freshworks converts more of its revenue into profit, with a net margin of 21.9% versus 6.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FRSH | QTWO |
|---|---|---|
| Share price | $13.60 | $57.63 |
| Market cap | $3.55B | $3.59B |
| 1-day change | -1.16% | +0.37% |
| YTD return | +11.02% | -20.14% |
| 1-year return | +21.65% | -10.51% |
| 5-year return | -67.19% | -29.37% |
| P/E ratio (TTM) | 21.94 | 40.58 |
| Forward P/E | 16.40 | 17.11 |
| EPS (TTM) | $0.62 | $1.42 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $838.81M | $794.81M |
| Revenue growth (YoY) | +16.43% | +14.12% |
| Net income (latest FY) | $183.72M | $52.01M |
| Gross margin | 84.96% | 54.06% |
| Operating margin | 1.57% | 5.02% |
| Net margin | 21.90% | 6.54% |
| 52-week high | $14.37 | $76.24 |
| 52-week low | $6.79 | $40.79 |
| Distance from 52-week high | -5.36% | -24.41% |
| Analyst consensus | none | none |
| Avg. price target upside | +8.75% | +32.74% |
| Average volume | 8.63M | 744.20K |
| Shares outstanding | 236.96M | 62.35M |
| Employees | 4,500 | 2,548 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FRSH has outperformed QTWO by 32.2 percentage points over the past year.
- Q2 trades at a higher earnings multiple (40.6x vs 21.9x trailing P/E).
- Freshworks is more profitable, keeping 21.9 cents of every revenue dollar as net income versus 6.5 cents for Q2.
About Freshworks
FRSH stock →Freshworks Inc., a software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company's software-as-a-service solutions includes Customer Experience (CX) and Employee Experience (EX).
Technology · Computer Software: Prepackaged Software · 4,500 employees
About Q2
QTWO stock →Q2 Holdings, Inc. provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies (Alt-FIs) in the United States.
Technology · Computer Software: Prepackaged Software · 2,548 employees
FRSH vs QTWO FAQ
Which is bigger, Freshworks or Q2?
Q2 (QTWO) is larger, with a market capitalization of $3.59B compared with $3.55B for Freshworks (FRSH).
Which stock has performed better over the past year, FRSH or QTWO?
FRSH returned +21.65% over the past 12 months, compared with -10.51% for QTWO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FRSH or QTWO?
FRSH has the lower trailing P/E at 21.9, versus 40.6 for QTWO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Freshworks and Q2 in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.