Blackbaud, Inc. (BLKB) Financial Ratios
27 years of historical data (1999–2025) · Technology · Software - Application
EV/EBITDA
↓
7.57
↓-87% vs avg
5yr avg: 57.28
30Y Low10.6·High62.4
P/FCF
↓
6.74
↓-68% vs avg
5yr avg: 21.13
30Y Low11.9·High38.2
P/B Ratio
↑
21.55
↑+39% vs avg
5yr avg: 15.51
30Y Low4.1·High36.1
ROE
↑
101.3%
↓+1279% vs avg
5yr avg: 7.3%
30Y Low-60%·High113%
Debt/EBITDA
↓
4.04
↓-67% vs avg
5yr avg: 12.27
30Y Low0.0·High24.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BLKB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Blackbaud, Inc. trades at 16.0x earnings, 99% below its 5-year average of 1080.8x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a discount of 42%. On a free-cash-flow basis, the stock trades at 6.7x P/FCF, 68% 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 | $1.7B | $3.1B | $3.7B | $4.7B | $3.0B | $3.8B | $2.8B | $3.8B | $3.0B | $4.5B | $3.0B |
| Enterprise Value | $2.1B | $3.4B | $4.8B | $5.5B | $3.9B | $4.8B | $3.3B | $4.4B | $3.4B | $4.9B | $3.4B |
| P/E Ratio → | 15.95 | 26.72 | — | 2557.52 | — | 658.17 | 359.75 | 318.40 | 67.63 | 68.47 | 72.73 |
| P/S Ratio | 1.54 | 2.72 | 3.23 | 4.21 | 2.87 | 4.11 | 3.07 | 4.27 | 3.56 | 5.73 | 4.14 |
| P/B Ratio | 21.55 | 36.08 | 26.32 | 5.76 | 4.08 | 5.31 | 6.58 | 9.69 | 8.09 | 14.71 | 12.23 |
| P/FCF | 6.74 | 11.91 | 12.95 | 34.37 | 22.85 | 23.59 | 36.83 | 30.99 | 20.28 | 32.77 | 27.64 |
| P/OCF | 6.54 | 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
BLKB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Blackbaud, Inc.'s enterprise value stands at 7.6x EBITDA, 87% below its 5-year average of 57.3x. The Technology sector median is 17.5x, placing the stock at a 57% 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 | 7.57 | 12.38 | — | 48.95 | 105.37 | 62.42 | 33.74 | 47.50 | 27.60 | 38.06 | 25.72 |
| EV / EBIT | 10.99 | 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 |
BLKB Profitability
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.
Margins
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 | 58.8% | 58.8% | 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% |
Return on Capital
| 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% |
BLKB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Blackbaud, Inc. carries a Debt/EBITDA ratio of 4.0x, which is highly leveraged (38% above the sector average of 2.9x). Net debt stands at $360M ($1.1B total debt minus $759M cash). Interest coverage of just 2.9x 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 | 2.94 | 2.94 | 3.24 | 2.81 | 0.93 | 1.79 | 2.48 | 1.66 | 4.49 | 5.70 | 6.61 |
BLKB Liquidity & Efficiency
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 | 0.59 | 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 |
BLKB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Blackbaud, Inc. returns 12.5% to shareholders annually primarily through share buybacks. The earnings yield of 6.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.3% | 3.7% | — | 0.0% | — | 0.2% | 0.3% | 0.3% | 1.5% | 1.5% | 1.4% |
| FCF Yield | 14.8% | 8.4% | 7.7% | 2.9% | 4.4% | 4.2% | 2.7% | 3.2% | 4.9% | 3.1% | 3.6% |
| Buyback Yield | 12.5% | 7.1% | 12.7% | 0.4% | 1.2% | 2.8% | 1.5% | 0.0% | 0.9% | 0.5% | 0.5% |
| Total Shareholder Yield | 12.5% | 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 |
Peer Comparison
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 | 16.0 | 7.6 | 6.7 | 58.8% | 16.9% | 101.3% | 17.6% | 4.0 |
 EVTC | $1B | 10.6 | 7.3 | 10.6 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 PCOR | $8B | -79.9 | — | 37.5 | 78.4% | -8.9% | -7.9% | -9.7% | — |
 JAMF | $2B | -24.6 | — | 78.9 | 77.5% | -11.0% | -9.6% | -6.0% | — |
 ALKT | $2B | -37.9 | — | 45.1 | 57.8% | -12.1% | -13.3% | -8.6% | — |
 CRM | $179B | 23.9 | 20.0 | 12.4 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
 MSFT | $3.1T | 30.9 | 19.7 | 43.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 INTU | $114B | 29.8 | 20.5 | 18.7 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 PAYC | $8B | 17.1 | 9.8 | 18.4 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 HUBS | $13B | 284.1 | 69.2 | 17.8 | 83.8% | 0.4% | 2.3% | 0.4% | 2.8 |
 FROG | $7B | -92.0 | — | 48.6 | 76.1% | -15.7% | -8.6% | -8.0% | — |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
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Start ComparisonBLKB — Frequently Asked Questions
Quick answers to the most common questions about buying BLKB stock.
What is Blackbaud, Inc.'s P/E ratio?
Blackbaud, Inc.'s current P/E ratio is 16.0x. The historical average is 57.5x.
What is Blackbaud, Inc.'s EV/EBITDA?
Blackbaud, Inc.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 27.2x.
What is Blackbaud, Inc.'s ROE?
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%.
Is BLKB stock overvalued?
Based on historical data, Blackbaud, Inc. is trading at a P/E of 16.0x. Compare with industry peers and growth rates for a complete picture.
What are Blackbaud, Inc.'s profit margins?
Blackbaud, Inc. has 58.8% gross margin and 16.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Blackbaud, Inc. have?
Blackbaud, Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.