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BLACKBAUD INC (BLKB) Stock Fundamental Analysis

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

61.475 USD
-1.84 (-2.91%)
Last: 1/2/2026, 10:49:11 AM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to BLKB. BLKB was compared to 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

BLKB had positive earnings in the past year.
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.
In the past 5 years BLKB always reported a positive cash flow from operatings.
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

With a Return On Assets value of -11.99%, BLKB is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -233.32%, BLKB is doing worse than 84.42% of the companies in the same industry.
BLKB has a better Return On Invested Capital (11.42%) than 87.32% 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

BLKB's Operating Margin of 14.96% is amongst the best of the industry. BLKB outperforms 81.52% of its industry peers.
In the last couple of years the Operating Margin of BLKB has grown nicely.
Looking at the Gross Margin, with a value of 57.73%, BLKB is doing worse than 64.13% of the companies in the same industry.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

2

2. Health

2.1 Basic Checks

BLKB has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BLKB has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, BLKB has more shares outstanding
Compared to 1 year ago, BLKB has a worse debt to assets ratio.
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 1.54. This is a bad value and indicates that BLKB is not financially healthy and even has some risk of bankruptcy.
BLKB's Altman-Z score of 1.54 is in line compared to the rest of the industry. BLKB outperforms 43.48% 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.
BLKB's Debt to FCF ratio of 4.86 is in line compared to the rest of the industry. BLKB outperforms 57.61% of its industry peers.
A Debt/Equity ratio of 9.63 is on the high side and indicates that BLKB has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 9.63, BLKB is doing worse than 87.68% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 9.63
Debt/FCF 4.86
Altman-Z 1.54
ROIC/WACC1.06
WACC10.8%
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.
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's Quick ratio of 0.69 is on the low side compared to the rest of the industry. BLKB is outperformed by 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

3

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 5.07% over the past year.
The Earnings Per Share has been growing by 12.74% on average over the past years. This is quite good.
The Revenue has decreased by -1.12% in the past 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

Based on estimates for the next years, BLKB will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.63% on average per year.
Based on estimates for the next years, BLKB will show a small growth in Revenue. The Revenue will grow by 3.11% on average per year.
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

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BLKB Yearly Revenue VS EstimatesBLKB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 500M 1B 1.5B
BLKB Yearly EPS VS EstimatesBLKB Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2 4 6 8

6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.13, 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.
BLKB is valuated rather cheaply when we compare the Price/Earnings ratio to 26.51, which is the current average of the S&P500 Index.
BLKB is valuated correctly with a Price/Forward Earnings ratio of 12.22.
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 23.13. BLKB is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.13
Fwd PE 12.22
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 83.70% of the companies in the same industry.
88.04% 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 13.43
EV/EBITDA 15.29
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)1.35
PEG (5Y)1.11
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 (1/2/2026, 10:49:11 AM)

61.475

-1.84 (-2.91%)

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 Cap2.94B
Revenue(TTM)1.14B
Net Income(TTM)-252.43M
Analysts50
Price Target75.48 (22.78%)
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 14.13
Fwd PE 12.22
P/S 2.59
P/FCF 13.43
P/OCF 10.46
P/B 27.18
P/tB N/A
EV/EBITDA 15.29
EPS(TTM)4.35
EY7.08%
EPS(NY)5.03
Fwd EY8.19%
FCF(TTM)4.58
FCFY7.45%
OCF(TTM)5.88
OCFY9.56%
SpS23.74
BVpS2.26
TBVpS-22.19
PEG (NY)1.35
PEG (5Y)1.11
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
WACC10.8%
ROIC/WACC1.06
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 6 / 10 to BLACKBAUD INC (BLKB). This can be considered as Fairly Valued.


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 14.13 and the Price/Book (PB) ratio is 27.18.


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.