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BLACKBAUD INC (BLKB) Stock Fundamental Analysis

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

55.21 USD
+1.33 (+2.47%)
Last: 1/21/2026, 8:00:01 PM
55.21 USD
0 (0%)
After Hours: 1/21/2026, 8:00:01 PM
Fundamental Rating

3

Overall BLKB gets a fundamental rating of 3 out of 10. We evaluated BLKB against 277 industry peers in the Software industry. There are concerns on the financial health of BLKB while its profitability can be described as average. BLKB is valued quite cheap, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • BLKB had positive earnings in the past year.
  • In the past year BLKB had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: BLKB reported negative net income in multiple years.
  • Each year in the past 5 years BLKB had a positive operating cash flow.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M

1.2 Ratios

  • BLKB has a worse Return On Assets (-11.99%) than 66.06% of its industry peers.
  • The Return On Equity of BLKB (-233.32%) is worse than 84.84% of its industry peers.
  • BLKB's Return On Invested Capital of 11.42% is amongst the best of the industry. BLKB outperforms 87.36% of its industry peers.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100 -150

1.3 Margins

  • The Operating Margin of BLKB (14.96%) is better than 81.95% of its industry peers.
  • In the last couple of years the Operating Margin of BLKB has grown nicely.
  • BLKB's Gross Margin of 57.73% is on the low side compared to the rest of the industry. BLKB is outperformed by 64.26% of its industry peers.
  • BLKB's Gross Margin has been stable in the last couple of years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BLKB is creating some value.
  • Compared to 1 year ago, BLKB has less shares outstanding
  • Compared to 5 years ago, BLKB has more shares outstanding
  • BLKB has a worse debt/assets ratio than last year.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 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 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 1.40. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
  • BLKB has a Altman-Z score of 1.40. This is comparable to the rest of the industry: BLKB outperforms 42.24% of its industry peers.
  • 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.
  • With a Debt to FCF ratio value of 4.86, BLKB perfoms like the industry average, outperforming 57.76% 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.
  • Looking at the Debt to Equity ratio, with a value of 9.63, BLKB is doing worse than 88.09% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 9.63
Debt/FCF 4.86
Altman-Z 1.4
ROIC/WACC1.05
WACC10.83%
BLKB Yearly LT Debt VS Equity VS FCFBLKB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

  • BLKB has a Current Ratio of 0.69. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of BLKB (0.69) is worse than 88.45% of its industry peers.
  • BLKB has a Quick Ratio of 0.69. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • BLKB has a Quick ratio of 0.69. This is amonst the worse of the industry: BLKB underperforms 88.45% 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 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.
  • Measured over the past years, BLKB shows a small growth in Revenue. The Revenue has been growing by 5.12% on average per year.
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

  • The Earnings Per Share is expected to grow by 8.63% on average over the next years. This is quite good.
  • 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 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 500M 1B 1.5B
BLKB Yearly EPS VS EstimatesBLKB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8

7

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.69 indicates a correct valuation of BLKB.
  • BLKB's Price/Earnings ratio is rather cheap when compared to the industry. BLKB is cheaper than 85.56% of the companies in the same industry.
  • BLKB's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.32.
  • With a Price/Forward Earnings ratio of 10.97, the valuation of BLKB can be described as very reasonable.
  • BLKB's Price/Forward Earnings ratio is rather cheap when compared to the industry. BLKB is cheaper than 86.28% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.30. BLKB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 12.69
Fwd PE 10.97
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

  • Based on the Enterprise Value to EBITDA ratio, BLKB is valued cheaper than 83.75% of the companies in the same industry.
  • 89.53% of the companies in the same industry are more expensive than BLKB, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 12.06
EV/EBITDA 13.58
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)1.21
PEG (5Y)1
EPS Next 2Y11.06%
EPS Next 3Y9.85%

0

5. Dividend

5.1 Amount

  • BLKB does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

BLACKBAUD INC

NASDAQ:BLKB (1/21/2026, 8:00:01 PM)

After market: 55.21 0 (0%)

55.21

+1.33 (+2.47%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-29
Earnings (Next)02-16
Inst Owners78.94%
Inst Owner Change-0.02%
Ins Owners2.01%
Ins Owner Change-0.64%
Market Cap2.64B
Revenue(TTM)1.14B
Net Income(TTM)-252.43M
Analysts50
Price Target75.48 (36.71%)
Short Float %3.14%
Short Ratio3.34
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%
EPS NQ rev (3m)-1.73%
EPS NY rev (1m)0.05%
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 12.69
Fwd PE 10.97
P/S 2.33
P/FCF 12.06
P/OCF 9.39
P/B 24.41
P/tB N/A
EV/EBITDA 13.58
EPS(TTM)4.35
EY7.88%
EPS(NY)5.03
Fwd EY9.11%
FCF(TTM)4.58
FCFY8.29%
OCF(TTM)5.88
OCFY10.65%
SpS23.74
BVpS2.26
TBVpS-22.19
PEG (NY)1.21
PEG (5Y)1
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 1.4
F-Score6
WACC10.83%
ROIC/WACC1.05
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.


Can you provide the valuation status for BLACKBAUD INC?

ChartMill assigns a valuation rating of 7 / 10 to BLACKBAUD INC (BLKB). This can be considered as Undervalued.


What is the profitability of BLKB stock?

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


What is the valuation of BLACKBAUD INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BLACKBAUD INC (BLKB) is 12.69 and the Price/Book (PB) ratio is 24.41.


What is the expected EPS growth for BLACKBAUD INC (BLKB) stock?

The Earnings per Share (EPS) of BLACKBAUD INC (BLKB) is expected to grow by 10.45% in the next year.