BLKB vs JAMF

For growth investors, Jamf Holding Corp.

(JAMF) is the stronger pick with 11. 9% revenue growth year-over-year, versus -2. 3% for Blackbaud, Inc. (BLKB). Blackbaud, Inc. (BLKB) offers the better valuation at 16. 0x trailing P/E (7. 3x forward), making it the more compelling value choice. Analysts rate Blackbaud, Inc. (BLKB) a "Hold" — based on 24 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Blackbaud, Inc.

is actually cheaper at 7. 3x.

Over the past 5 years, Blackbaud, Inc.

(BLKB) delivered a total return of -43. 6%, compared to -60. 4% for Jamf Holding Corp. (JAMF). Over 10 years, the gap is even starker: BLKB returned -35. 0% versus JAMF's -64. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Blackbaud, Inc.

(BLKB) is the lower-risk stock at 0. 86β versus Jamf Holding Corp. 's 1. 16β — meaning JAMF is approximately 36% more volatile than BLKB relative to the S&P 500. On balance sheet safety, Jamf Holding Corp. (JAMF) carries a lower debt/equity ratio of 52% versus 13% for Blackbaud, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Jamf Holding Corp.

(JAMF) is pulling ahead at 11. 9% versus -2. 3% for Blackbaud, Inc. (BLKB). On earnings-per-share growth, the picture is similar: Blackbaud, Inc. grew EPS 142. 3% year-over-year, compared to 39. 8% for Jamf Holding Corp.. Over a 3-year CAGR, JAMF leads at 19. 6% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Blackbaud, Inc.

(BLKB) is the more profitable company, earning 10. 2% net margin versus -10. 9% for Jamf Holding Corp. — meaning it keeps 10. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BLKB leads at 16. 9% versus -11. 0% for JAMF. At the gross margin level — before operating expenses — JAMF leads at 77. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Blackbaud, Inc.

(BLKB) trades at 7. 3x forward P/E versus 13. 4x for Jamf Holding Corp. — 6. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BLKB: 38. 9% to $52. 50.

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

For long-horizon retirement investors, Blackbaud, Inc.

(BLKB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 86)). Both have compounded well over 10 years (BLKB: -35. 0%, JAMF: -64. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: BLKB is a small-cap deep-value stock; JAMF is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.