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BLACKBAUD INC (BLKB) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:BLKB - US09227Q1004 - Common Stock

63.27 USD
-0.25 (-0.39%)
Last: 12/31/2025, 1:41:19 PM
Fundamental Rating

3

BLKB gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 276 industry peers in the Software industry. While BLKB is still in line with the averages on profitability rating, there are concerns on its financial health. BLKB has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year BLKB was profitable.
In the past year BLKB had a positive cash flow from operations.
In multiple years BLKB reported negative net income over the last 5 years.
BLKB had a positive operating cash flow in each of the past 5 years.
BLKB Yearly Net Income VS EBIT VS OCF VS FCFBLKB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M

1.2 Ratios

BLKB's Return On Assets of -11.99% is on the low side compared to the rest of the industry. BLKB is outperformed by 65.58% of its industry peers.
With a Return On Equity value of -233.32%, BLKB is not doing good in the industry: 84.78% of the companies in the same industry are doing better.
With an excellent Return On Invested Capital value of 11.42%, BLKB belongs to the best of the industry, outperforming 87.32% of the companies in the same industry.
Industry RankSector Rank
ROA -11.99%
ROE -233.32%
ROIC 11.42%
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
ROIC(3y)N/A
ROIC(5y)N/A
BLKB Yearly ROA, ROE, ROICBLKB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

BLKB's Operating Margin of 14.96% is amongst the best of the industry. BLKB outperforms 81.52% of its industry peers.
BLKB's Operating Margin has improved in the last couple of years.
BLKB's Gross Margin of 57.73% is on the low side compared to the rest of the industry. BLKB is outperformed by 64.13% of its industry peers.
In the last couple of years the Gross Margin of BLKB has remained more or less at the same level.
Industry RankSector Rank
OM 14.96%
PM (TTM) N/A
GM 57.73%
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
BLKB Yearly Profit, Operating, Gross MarginsBLKB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BLKB is still creating some value.
The number of shares outstanding for BLKB has been reduced compared to 1 year ago.
The number of shares outstanding for BLKB has been increased compared to 5 years ago.
Compared to 1 year ago, BLKB has a worse debt to assets ratio.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
BLKB Yearly Total Debt VS Total AssetsBLKB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.2 Solvency

BLKB has an Altman-Z score of 1.54. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.54, BLKB perfoms like the industry average, outperforming 43.12% of the companies in the same industry.
BLKB has a debt to FCF ratio of 4.86. This is a neutral value as BLKB would need 4.86 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.86, BLKB is in line with its industry, outperforming 57.61% of the companies in the same industry.
BLKB has a Debt/Equity ratio of 9.63. This is a high value indicating a heavy dependency on external financing.
BLKB has a worse Debt to Equity ratio (9.63) than 88.04% of its industry peers.
Industry RankSector Rank
Debt/Equity 9.63
Debt/FCF 4.86
Altman-Z 1.54
ROIC/WACC1.07
WACC10.7%
BLKB Yearly LT Debt VS Equity VS FCFBLKB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 0.69 indicates that BLKB may have some problems paying its short term obligations.
With a Current ratio value of 0.69, BLKB is not doing good in the industry: 88.04% of the companies in the same industry are doing better.
A Quick Ratio of 0.69 indicates that BLKB may have some problems paying its short term obligations.
BLKB has a worse Quick ratio (0.69) than 88.04% of its industry peers.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.69
BLKB Yearly Current Assets VS Current LiabilitesBLKB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

3

3. Growth

3.1 Past

BLKB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.07%.
The Earnings Per Share has been growing by 12.74% on average over the past years. This is quite good.
Looking at the last year, BLKB shows a decrease in Revenue. The Revenue has decreased by -1.12% in the last year.
The Revenue has been growing slightly by 5.12% on average over the past years.
EPS 1Y (TTM)5.07%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%11.11%
Revenue 1Y (TTM)-1.12%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-1.95%

3.2 Future

BLKB is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.63% yearly.
The Revenue is expected to grow by 3.11% on average over the next years.
EPS Next Y10.45%
EPS Next 2Y11.06%
EPS Next 3Y9.85%
EPS Next 5Y8.63%
Revenue Next Year-2.63%
Revenue Next 2Y0.63%
Revenue Next 3Y1.94%
Revenue Next 5Y3.11%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BLKB Yearly Revenue VS EstimatesBLKB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
BLKB Yearly EPS VS EstimatesBLKB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2 4 6 8

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.54, which indicates a correct valuation of BLKB.
Compared to the rest of the industry, the Price/Earnings ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 82.97% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of BLKB to the average of the S&P500 Index (26.77), we can say BLKB is valued slightly cheaper.
BLKB is valuated correctly with a Price/Forward Earnings ratio of 12.57.
Based on the Price/Forward Earnings ratio, BLKB is valued cheaply inside the industry as 84.42% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.35. BLKB is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.54
Fwd PE 12.57
BLKB Price Earnings VS Forward Price EarningsBLKB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BLKB indicates a rather cheap valuation: BLKB is cheaper than 84.06% of the companies listed in the same industry.
BLKB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BLKB is cheaper than 88.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.82
EV/EBITDA 15.32
BLKB Per share dataBLKB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 -20

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.39
PEG (5Y)1.14
EPS Next 2Y11.06%
EPS Next 3Y9.85%

0

5. Dividend

5.1 Amount

No dividends for BLKB!.
Industry RankSector Rank
Dividend Yield 0%

BLACKBAUD INC

NASDAQ:BLKB (12/31/2025, 1:41:19 PM)

63.27

-0.25 (-0.39%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-29 2025-10-29/bmo
Earnings (Next)02-16 2026-02-16/amc
Inst Owners79.28%
Inst Owner Change-3.19%
Ins Owners2.01%
Ins Owner Change-0.64%
Market Cap3.03B
Revenue(TTM)1.14B
Net Income(TTM)-252.43M
Analysts50
Price Target75.48 (19.3%)
Short Float %3.63%
Short Ratio3.93
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.56%
Min EPS beat(2)0.79%
Max EPS beat(2)12.34%
EPS beat(4)3
Avg EPS beat(4)4.41%
Min EPS beat(4)-0.35%
Max EPS beat(4)12.34%
EPS beat(8)6
Avg EPS beat(8)2.42%
EPS beat(12)10
Avg EPS beat(12)3.99%
EPS beat(16)13
Avg EPS beat(16)3.9%
Revenue beat(2)0
Avg Revenue beat(2)-0.77%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)-0.22%
Revenue beat(4)0
Avg Revenue beat(4)-1.26%
Min Revenue beat(4)-2.45%
Max Revenue beat(4)-0.22%
Revenue beat(8)0
Avg Revenue beat(8)-2.3%
Revenue beat(12)0
Avg Revenue beat(12)-2.3%
Revenue beat(16)1
Avg Revenue beat(16)-2.01%
PT rev (1m)0%
PT rev (3m)-3.65%
EPS NQ rev (1m)0.35%
EPS NQ rev (3m)-1.73%
EPS NY rev (1m)0.18%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.68%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.09%
Valuation
Industry RankSector Rank
PE 14.54
Fwd PE 12.57
P/S 2.67
P/FCF 13.82
P/OCF 10.76
P/B 27.97
P/tB N/A
EV/EBITDA 15.32
EPS(TTM)4.35
EY6.88%
EPS(NY)5.03
Fwd EY7.95%
FCF(TTM)4.58
FCFY7.24%
OCF(TTM)5.88
OCFY9.29%
SpS23.74
BVpS2.26
TBVpS-22.19
PEG (NY)1.39
PEG (5Y)1.14
Graham Number14.88
Profitability
Industry RankSector Rank
ROA -11.99%
ROE -233.32%
ROCE 14.46%
ROIC 11.42%
ROICexc 11.86%
ROICexgc N/A
OM 14.96%
PM (TTM) N/A
GM 57.73%
FCFM 19.29%
ROA(3y)-4.27%
ROA(5y)-2.45%
ROE(3y)-68.43%
ROE(5y)-40.54%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y93.05%
ROICexc growth 5Y27.63%
OM growth 3Y55.49%
OM growth 5Y26.14%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.94%
GM growth 5Y0.66%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 9.63
Debt/FCF 4.86
Debt/EBITDA 3.94
Cap/Depr 65.64%
Cap/Sales 5.47%
Interest Coverage 250
Cash Conversion 106.24%
Profit Quality N/A
Current Ratio 0.69
Quick Ratio 0.69
Altman-Z 1.54
F-Score6
WACC10.7%
ROIC/WACC1.07
Cap/Depr(3y)61.08%
Cap/Depr(5y)64.81%
Cap/Sales(3y)6.11%
Cap/Sales(5y)6.37%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.07%
EPS 3Y10.43%
EPS 5Y12.74%
EPS Q2Q%11.11%
EPS Next Y10.45%
EPS Next 2Y11.06%
EPS Next 3Y9.85%
EPS Next 5Y8.63%
Revenue 1Y (TTM)-1.12%
Revenue growth 3Y7.59%
Revenue growth 5Y5.12%
Sales Q2Q%-1.95%
Revenue Next Year-2.63%
Revenue Next 2Y0.63%
Revenue Next 3Y1.94%
Revenue Next 5Y3.11%
EBIT growth 1Y26.28%
EBIT growth 3Y67.3%
EBIT growth 5Y32.6%
EBIT Next Year26.32%
EBIT Next 3Y12.29%
EBIT Next 5YN/A
FCF growth 1Y45.59%
FCF growth 3Y12.31%
FCF growth 5Y13.01%
OCF growth 1Y29.49%
OCF growth 3Y11.47%
OCF growth 5Y10.15%

BLACKBAUD INC / BLKB FAQ

What is the fundamental rating for BLKB stock?

ChartMill assigns a fundamental rating of 3 / 10 to BLKB.


What is the valuation status for BLKB stock?

ChartMill assigns a valuation rating of 6 / 10 to BLACKBAUD INC (BLKB). This can be considered as Fairly Valued.


How profitable is BLACKBAUD INC (BLKB) stock?

BLACKBAUD INC (BLKB) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for BLKB stock?

The Price/Earnings (PE) ratio for BLACKBAUD INC (BLKB) is 14.54 and the Price/Book (PB) ratio is 27.97.


Is the dividend of BLACKBAUD INC sustainable?

The dividend rating of BLACKBAUD INC (BLKB) is 0 / 10 and the dividend payout ratio is 0%.