27 years of historical data (1999–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Blackbaud, Inc. trades at 20.5x earnings, 98% below its 5-year average of 1080.8x, sitting at the 6th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 19%. On a free-cash-flow basis, the stock trades at 8.8x P/FCF, 58% below the 5-year average of 21.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.3B | $3.1B | $3.7B | $4.7B | $3.0B | $3.8B | $2.8B | $3.8B | $3.0B | $4.5B | $3.0B |
| Enterprise Value | $2.6B | $3.4B | $4.8B | $5.5B | $3.9B | $4.8B | $3.3B | $4.4B | $3.4B | $4.9B | $3.4B |
| P/E Ratio → | 20.48 | 26.72 | — | 2557.52 | — | 658.17 | 359.75 | 318.40 | 67.63 | 68.47 | 72.73 |
| P/S Ratio | 2.01 | 2.72 | 3.23 | 4.21 | 2.87 | 4.11 | 3.07 | 4.27 | 3.56 | 5.73 | 4.14 |
| P/B Ratio | 27.66 | 36.08 | 26.32 | 5.76 | 4.08 | 5.31 | 6.58 | 9.69 | 8.09 | 14.71 | 12.23 |
| P/FCF | 8.79 | 11.91 | 12.95 | 34.37 | 22.85 | 23.59 | 36.83 | 30.99 | 20.28 | 32.77 | 27.64 |
| P/OCF | 8.54 | 11.56 | 12.63 | 23.33 | 14.89 | 17.83 | 18.94 | 21.07 | 15.01 | 25.61 | 19.71 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Blackbaud, Inc.'s enterprise value stands at 9.5x EBITDA, 83% below its 5-year average of 57.3x. The Technology sector median is 15.7x, placing the stock at a 40% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.04 | 4.14 | 4.93 | 3.69 | 5.13 | 3.63 | 4.86 | 3.98 | 6.24 | 4.59 |
| EV / EBITDA | 9.48 | 12.38 | — | 48.95 | 105.37 | 62.42 | 33.74 | 47.50 | 27.60 | 38.06 | 25.72 |
| EV / EBIT | 13.77 | 17.17 | 26.50 | 48.67 | 116.86 | 147.55 | 77.39 | 128.15 | 47.31 | 71.37 | 47.96 |
| EV / FCF | — | 13.30 | 16.56 | 40.24 | 29.42 | 29.49 | 43.56 | 35.26 | 22.67 | 35.74 | 30.61 |
Margins and return-on-capital ratios measuring operating efficiency
Blackbaud, Inc. earns an operating margin of 16.9%. Operating margins have expanded from 4.0% to 16.9% over the past 3 years, signaling improving operational efficiency. Return on equity of 101.3% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks. ROIC of 17.6% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6% | 58.6% | 55.3% | 54.6% | 52.2% | 52.2% | 53.2% | 53.7% | 55.1% | 54.1% | 53.7% |
| Operating Margin | 16.9% | 16.9% | -23.4% | 4.0% | -2.7% | 2.7% | 4.1% | 3.0% | 7.0% | 8.6% | 9.3% |
| Net Profit Margin | 10.2% | 10.2% | -24.5% | 0.2% | -4.3% | 0.6% | 0.8% | 1.3% | 5.3% | 8.4% | 5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 101.3% | 101.3% | -59.6% | 0.2% | -6.2% | 1.0% | 1.9% | 3.1% | 13.2% | 23.8% | 18.1% |
| ROA | 4.7% | 4.7% | -10.5% | 0.1% | -1.5% | 0.2% | 0.4% | 0.7% | 2.7% | 4.3% | 3.3% |
| ROIC | 17.6% | 17.6% | -14.6% | 2.1% | -1.3% | 1.4% | 3.0% | 2.5% | 6.2% | 7.9% | 8.7% |
| ROCE | 15.6% | 15.6% | -18.3% | 2.6% | -1.6% | 1.7% | 3.7% | 3.0% | 7.5% | 9.6% | 10.6% |
Solvency and debt-coverage ratios — lower is generally safer
Blackbaud, Inc. carries a Debt/EBITDA ratio of 4.0x, which is highly leveraged (36% above the sector average of 3.0x). Net debt stands at $360M ($1.1B total debt minus $759M cash). Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 13.16 | 13.16 | 7.81 | 1.02 | 1.21 | 1.41 | 1.29 | 1.42 | 1.04 | 1.43 | 1.38 |
| Debt / EBITDA | 4.04 | 4.04 | — | 7.42 | 24.38 | 13.23 | 5.58 | 6.11 | 3.16 | 3.39 | 2.63 |
| Net Debt / Equity | — | 4.23 | 7.34 | 0.98 | 1.17 | 1.33 | 1.20 | 1.34 | 0.95 | 1.33 | 1.31 |
| Net Debt / EBITDA | 1.30 | 1.30 | — | 7.14 | 23.52 | 12.51 | 5.22 | 5.76 | 2.91 | 3.16 | 2.50 |
| Debt / FCF | — | 1.40 | 3.61 | 5.87 | 6.57 | 5.91 | 6.74 | 4.28 | 2.39 | 2.97 | 2.97 |
| Interest Coverage | 2.81 | 2.81 | -4.86 | 1.12 | -0.80 | 1.38 | 2.15 | 1.32 | 3.74 | 5.64 | 6.45 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.79x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.79 | 0.79 | 0.78 | 0.78 | 0.75 | 0.77 | 0.81 | 0.74 | 0.74 | 0.81 | 0.75 |
| Quick Ratio | 0.79 | 0.79 | 0.78 | 0.78 | 0.75 | 0.77 | 0.81 | 0.74 | 0.22 | 0.19 | 0.23 |
| Cash Ratio | 0.64 | 0.64 | 0.05 | 0.03 | 0.03 | 0.05 | 0.04 | 0.03 | 0.04 | 0.03 | 0.02 |
| Asset Turnover | — | 0.47 | 0.46 | 0.38 | 0.35 | 0.31 | 0.45 | 0.45 | 0.53 | 0.45 | 0.56 |
| Inventory Turnover | 0.91 | — | — | — | — | — | — | — | 0.91 | 0.59 | 0.96 |
| Days Sales Outstanding | — | 26.47 | 26.39 | 33.75 | 35.55 | 40.80 | 38.26 | 36.24 | 38.00 | 45.01 | 44.42 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Blackbaud, Inc. returns 9.6% to shareholders annually primarily through share buybacks. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | 0.2% | 0.6% | 0.8% | 0.5% | 0.8% |
| Payout Ratio | — | — | — | — | — | — | 77.2% | 198.2% | 52.0% | 35.0% | 54.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 3.7% | — | 0.0% | — | 0.2% | 0.3% | 0.3% | 1.5% | 1.5% | 1.4% |
| FCF Yield | 11.4% | 8.4% | 7.7% | 2.9% | 4.4% | 4.2% | 2.7% | 3.2% | 4.9% | 3.1% | 3.6% |
| Buyback Yield | 9.6% | 7.1% | 12.7% | 0.4% | 1.2% | 2.8% | 1.5% | 0.0% | 0.9% | 0.5% | 0.5% |
| Total Shareholder Yield | 9.6% | 7.1% | 12.7% | 0.4% | 1.2% | 2.8% | 1.7% | 0.6% | 1.7% | 1.0% | 1.3% |
| Shares Outstanding | — | $48M | $51M | $54M | $52M | $48M | $49M | $48M | $48M | $48M | $47M |
Compare BLKB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| BLKBYou | $2B | 20.5 | 9.5 | 8.8 | 58.6% | 16.9% | 101.3% | 17.6% | 4.0 |
| SAP | $235B | 28.5 | 17.8 | 25.1 | 73.5% | 28.0% | 15.5% | 16.1% | 0.7 |
| UBER | $157B | 16.0 | 25.8 | 16.1 | 39.8% | 10.7% | 39.8% | 13.6% | 2.1 |
| YMM | $20B | 21.9 | 51.5 | 47.4 | 86.6% | 22.0% | 8.3% | 6.0% | 0.0 |
| QXO | $17B | -38.0 | 107.3 | 92.6 | 23.0% | -3.6% | -3.8% | -3.1% | 25.2 |
| TYL | $15B | 58.6 | 33.5 | 25.3 | 41.0% | 14.0% | 8.3% | 6.7% | 1.4 |
| PCOR | $9B | -82.1 | — | 39.8 | 78.4% | -8.9% | -7.9% | -9.7% | — |
| DSGX | $6B | 40.4 | 21.4 | 26.8 | 75.6% | 27.8% | 10.9% | 13.1% | 0.0 |
| COMP | $5B | -28.7 | 23.1 | 26.8 | 16.3% | -0.8% | -39.0% | -7.7% | 1.8 |
| APPF | $4B | 45.8 | 24.2 | 18.1 | 61.3% | 16.1% | 26.5% | 23.2% | 0.2 |
| COE | $3B | -20.6 | — | 3471.4 | 78.0% | -15.9% | — | — | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 25 years · Updated daily
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Start ComparisonBlackbaud, Inc.'s current P/E ratio is 20.5x. The historical average is 57.5x. This places it at the 6th percentile of its historical range.
Blackbaud, Inc.'s current EV/EBITDA is 9.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.2x.
Blackbaud, Inc.'s return on equity (ROE) is 101.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.7%.
Based on historical data, Blackbaud, Inc. is trading at a P/E of 20.5x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Blackbaud, Inc. has 58.6% gross margin and 16.9% operating margin. Operating margin between 10-20% is typical for established companies.
Blackbaud, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.