Blackbaud BLKB Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 59.2%+3.7pp | 58.8%+4.1pp | 57.6%+3.3pp | 56.4%+1.8pp | 55.5%+1.1pp | |
| Operating margin | 19.5%+42.6pp | 16.9%+40.4pp | -20.8%-32.1pp | -21.8%-31.5pp | -23.1%-29.3pp | |
| Net margin | 12.4%+38.8pp | 10.2%+36.1pp | -23.6%-28.3pp | -26.1%-29.9pp | -26.4%-28.6pp | |
| EBITDA margin | 27%+40.2pp | 24.5%+37.5pp | -12.4%-34.1pp | -12.7%-32.6pp | -13.2%-29.4pp | |
| Free cash flow margin | 26.9%+7.3pp | 22.8%-2.1pp | 24.3%+5.6pp | 21.3%+0.4pp | 19.6%-2.0pp | |
| Returns | ||||||
| Return on equity | 545%+655pp | 108.5%+172pp | -82.1%-90.1pp | -91.4%-98.0pp | -109.7%-114pp | |
| Return on assets | 6.7%+19.7pp | 4.7%+15.8pp | -11.4%-13.4pp | -10.5%-11.9pp | -13%-14.0pp | |
| Return on invested capital | 24.8%+51.2pp | 38.1%+78.6pp | -25.6%-31.9pp | -43.9%-51.0pp | -26.4%-29.6pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.4×0.0× | 0.5×+0.1× | |
| Liquidity | ||||||
| Current ratio | 0.7×0.0× | 0.8×0.0× | 0.7×0.0× | 0.8×0.0× | 0.7×+0.1× | |
| Quick ratio | 0.7×0.0× | 0.8×0.0× | 0.7×0.0× | 0.8×0.0× | 0.7×+0.1× | |
| Cash ratio | 0.5×0.0× | 0.6×0.0× | 0.5×0.0× | 0.7×0.0× | 0.5×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 34.6×-34.6× | 13.1×+4.3× | 9.9×+8.0× | 16×+14.2× | 69.2×+67.2× | |
| Debt-to-assets | 0.6×0.0× | 0.5×0.0× | 0.5×+0.1× | 0.4×+0.1× | 0.6×+0.1× | |
| Net debt / EBITDA | 2.4×— | 1.3×— | —— | —— | —— | |
| Interest coverage | 3.3×+7.6× | 2.8×+7.7× | -3.5×-6.2× | -3.8×-6.3× | -4.3×-6.0× | |
| Per Share | ||||||
| Book value per share | $0.75+111% | $1.75-30.1% | $2.23-78.9% | $1.51-86.5% | $0.35-96.5% | |
| Valuation | ||||||
| Market capitalization | $1.27B-57.5% | $3.03B-19.2% | $3.12B-28.6% | $3.13B-20.5% | $3.06B-22.9% | |
| Enterprise value | $2.01B-46.2% | $3.39B-16.5% | $3.73B-24.6% | $3.38B-18.8% | $3.81B-18.4% | |
| Price / earnings | 8.9×— | 26.3×— | —— | —— | —— | |
| Price / sales | 1.1×-1.5× | 2.7×-0.6× | 2.7×-1.1× | 2.7×-0.7× | 2.7×-0.9× | |
| Price / book | 36.7×-134× | 35.6×+6.1× | 28.8×+20.8× | 43×+36.2× | 174.8×+167× | |
| EV / EBITDA | 6.5×— | 12.2×— | —— | —— | —— | |
| EV / sales | 1.8×-1.5× | 3×-0.5× | 3.3×-1.0× | 3×-0.7× | 3.3×-0.8× | |
| Free cash flow yield | 24.2%+16.7pp | 8.5%+0.8pp | 8.9%+3.9pp | 7.8%+1.7pp | 7.4%+1.2pp | |
| Earnings yield | 11.2%+21.3pp | 3.8%+11.8pp | -8.6%-9.8pp | -9.5%-10.6pp | -9.9%-10.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Blackbaud's profit margins?
- Blackbaud (BLKB) runs a 59.2% gross margin and a 19.5% operating margin, with a 12.4% net margin.
- Where do Blackbaud's ratios come from?
- Every ratio is computed from Blackbaud's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
