Saturday 17 October 2026
Export BLKB’s income statement to Excel — free account
Blackbaud, Inc.
BLKB Technology Software Application
Blackbaud, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.27% from fiscal 2024. In the quarter to June 2026, revenue grew 3.04%, EPS grew 46.3%, free cash flow grew 46.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
51.83
0.44
+0.86%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
26.17 | 0.00 | 2,852.33 | 0.00 | 677.94 | 338.59 | 306.15 | 65.52 | 66.42 | 77.42 |
Piotroski F-Score |
8 | 6 | 8 | 4 | 4 | 4 | 5 | 5 | 6 | 7 |
Altman Z-Score |
1.40 | 0.86 | 1.72 | 1.10 | 1.35 | 1.58 | 1.94 | 2.14 | 2.43 | 2.40 |
P/S ratio |
2.68 | 3.24 | 4.06 | 2.92 | 4.04 | 3.04 | 4.22 | 3.50 | 5.58 | 4.10 |
P/FCF ratio |
14.83 | 16.34 | 33.18 | 23.24 | 23.19 | 36.44 | 30.59 | 19.92 | 31.96 | 27.38 |
Altman Z″-Score (non-manufacturers) |
(0.10) | (1.53) | 0.13 | (0.19) | 0.09 | 0.15 | (0.10) | 0.22 | 0.27 | 0.11 |
Beneish M-Score |
(2.84) | (3.89) | (2.81) | (2.91) | (2.58) | (2.73) | (2.86) | (2.96) | (2.72) | (2.82) |
P/Operating CF |
52.04 | 50.79 | (1,342.60) | 219.17 | 85.35 | 71.50 | 62.91 | 46.72 | 83.20 | 56.09 |
P/B ratio |
35.50 | 29.47 | 5.56 | 4.15 | 5.22 | 6.51 | 9.57 | 7.94 | 13.09 | 12.12 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
2.99 | 3.47 | 4.11 | 3.04 | 4.36 | 2.91 | 4.09 | 3.43 | 5.33 | 4.06 |
EV/EBITDA |
12.06 | 0.00 | 28.85 | 42.13 | 37.19 | 20.34 | 32.45 | 20.80 | 29.38 | 21.28 |
EV/Operating CF |
12.69 | 13.52 | 22.78 | 15.76 | 18.95 | 17.98 | 20.20 | 14.43 | 23.82 | 19.34 |
EV/FCF |
16.56 | 17.50 | 33.56 | 24.19 | 25.07 | 34.94 | 29.70 | 19.50 | 30.49 | 27.12 |
Quick Ratio |
0.71 | 0.71 | 0.69 | 0.68 | 0.68 | 0.73 | 0.67 | 0.67 | 0.76 | 0.68 |
Current Ratio |
0.79 | 0.78 | 0.78 | 0.75 | 0.77 | 0.81 | 0.74 | 0.74 | 0.82 | 0.75 |
Net Debt/EBITDA |
1.26 | (1.80) | 0.33 | 1.64 | 2.80 | (0.87) | (0.97) | (0.45) | (1.41) | (0.20) |
Debt/Assets |
46.42% | 43.07% | 26.77% | 28.70% | 32.18% | 25.97% | 23.44% | 23.97% | 24.37% | 26.13% |
Debt/Equity |
13.05 | 8.48 | 0.96 | 1.15 | 1.33 | 1.25 | 1.18 | 1.04 | 1.30 | 1.38 |
Asset Turnover |
0.46 | 0.43 | 0.38 | 0.35 | 0.37 | 0.45 | 0.50 | 0.50 | 0.51 | 0.58 |
Operating CF/Net income |
2.31 | (0.99) | 66.15 | (4.49) | 37.50 | 19.17 | 15.32 | 4.49 | 2.39 | 3.38 |
Capex/Depreciation |
(0.70) | (0.54) | (0.58) | (0.68) | (0.62) | (0.77) | (0.68) | (0.65) | (0.52) | (0.62) |
Interest Coverage |
2.81 | (4.88) | 1.16 | (0.80) | 1.38 | 2.15 | 1.32 | 3.74 | 5.64 | 6.45 |
| 108.52% | (64.03%) | 0.39% | (6.22%) | 1.00% | 1.88% | 3.09% | 12.63% | 25.22% | 19.82% | |
| 4.71% | (11.08%) | 0.10% | (1.52%) | 0.23% | 0.38% | 0.66% | 2.63% | 4.74% | 3.58% | |
ROIC |
27.36% | (43.23%) | 3.37% | (2.05%) | 1.52% | 7.46% | 5.92% | 11.94% | 31.72% | 19.45% |
Return on Tangible Assets |
(68.87%) | 163.20% | (1.79%) | 22.20% | (3.87%) | (8.65%) | (5.44%) | (26.75%) | (55.36%) | (37.24%) |
Average Days of Receivables |
26.47 | 27.03 | 33.70 | 35.55 | 40.80 | 38.26 | 36.24 | 38.00 | 45.00 | 44.37 |
Research and Development Expense of Revenue |
12.24% | 13.31% | 13.32% | 14.83% | 13.43% | 10.97% | 11.79% | 11.64% | 11.40% | 12.28% |
Selling, General and Administrative Expense of Revenue |
29.44% | 29.47% | 36.32% | 39.82% | 35.85% | 37.74% | 37.49% | 35.26% | 33.54% | 31.64% |
Intangible Assets out of Total Assets |
0.49 | 0.47 | 0.56 | 0.56 | 0.59 | 0.45 | 0.48 | 0.52 | 0.47 | 0.53 |
Share Based Compensation of Revenue |
8.23% | 9.09% | 11.54% | 10.42% | 12.98% | 9.55% | 6.51% | 5.69% | 5.15% | 4.46% |
Graham Net Nets |
(0.46) | (0.37) | (0.26) | (0.43) | (0.37) | (0.29) | (0.23) | (0.22) | (0.15) | (0.18) |
Graham Number |
9.86 | 0.00 | 3.22 | 0.00 | 6.30 | 5.82 | 6.98 | 13.08 | 15.17 | 10.07 |
Earnings Yield |
3.82% | (7.95%) | 0.04% | (1.47%) | 0.15% | 0.30% | 0.33% | 1.53% | 1.51% | 1.29% |
Free Cash Flow Yield |
6.74% | 6.12% | 3.01% | 4.30% | 4.31% | 2.74% | 3.27% | 5.02% | 3.13% | 3.65% |
Revenue per Share |
23.67 | 22.84 | 21.07 | 20.52 | 19.57 | 18.95 | 18.88 | 17.98 | 16.90 | 15.86 |
Operating CF per Share |
5.57 | 5.85 | 3.80 | 3.95 | 4.51 | 3.07 | 3.83 | 4.27 | 3.78 | 3.33 |
Capex per Share |
(1.30) | (1.33) | (1.22) | (1.38) | (1.10) | (1.49) | (1.22) | (1.11) | (0.83) | (0.95) |
Free Cash Flow per Share |
4.27 | 4.52 | 2.58 | 2.58 | 3.41 | 1.58 | 2.60 | 3.16 | 2.95 | 2.38 |
Cash per Share |
15.92 | 16.01 | 13.86 | 14.23 | 13.75 | 13.39 | 12.10 | 9.53 | 13.72 | 8.04 |
Shareholders Equity per Share |
1.78 | 2.51 | 15.39 | 14.43 | 15.12 | 8.84 | 8.32 | 7.92 | 7.21 | 5.37 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
1.78 | 2.51 | 15.39 | 14.43 | 15.12 | 8.84 | 8.32 | 7.92 | 7.21 | 5.37 |
Free Cash Flow |
203.55 | 228.77 | 135.51 | 132.83 | 161.51 | 76.11 | 124.11 | 149.04 | 137.74 | 109.58 |
Working Capital |
(252.00) | (275.46) | (267.38) | (312.00) | (258.66) | (194.34) | (254.30) | (207.67) | (175.24) | (172.20) |
Capital Expenditures |
(62.00) | (67.20) | (64.13) | (71.06) | (52.15) | (71.85) | (58.37) | (52.35) | (38.55) | (44.05) |
Net Current Asset Value |
(1,375.54) | (1,392.57) | (1,173.82) | (1,330.03) | (1,403.59) | (799.52) | (861.66) | (643.54) | (662.19) | (554.75) |
EV/EBIT |
17.67 | 0.00 | 98.11 | 0.00 | 162.57 | 71.41 | 135.80 | 48.92 | 61.60 | 43.56 |
Capex to Sales |
0.05 | 0.06 | 0.06 | 0.07 | 0.06 | 0.08 | 0.06 | 0.06 | 0.05 | 0.06 |
Price to Operating Income |
15.83 | 0.00 | 97.00 | 0.00 | 150.35 | 74.47 | 139.86 | 49.97 | 64.56 | 43.97 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.04 | 1.35 | 1.13 | 0.97 | 0.75 | 0.89 | 2.43 | 2.01 | 1.77 | 1.42 |
Cash ROIC |
10.42% | 11.37% | 5.85% | 5.68% | 6.95% | 4.75% | 8.61% | 12.31% | 9.74% | 11.41% |
Accounts Receivable Turnover |
13.49 | 12.30 | 10.79 | 10.24 | 9.30 | 9.87 | 10.13 | 9.15 | 8.47 | 8.66 |
Accounts Payable Turnover |
11.90 | 13.77 | 15.00 | 15.64 | 17.76 | 11.34 | 10.18 | 12.89 | 15.09 | 15.97 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
21.46 | 35.45 | 18.09 | 30.74 | 18.17 | 23.74 | 41.59 | 33.02 | 24.90 | 25.04 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
83.67 | 93.86 | 102.64 | 103.38 | 99.71 | 92.56 | 88.87 | 92.78 | 93.07 | 84.49 |
Average Payables |
39.08 | 38.00 | 33.87 | 32.31 | 24.95 | 37.76 | 41.11 | 29.62 | 23.98 | 21.24 |
Average Assets |
2,443.34 | 2,704.14 | 2,952.49 | 2,982.16 | 2,508.18 | 2,018.85 | 1,804.13 | 1,706.58 | 1,554.03 | 1,266.77 |
Average Common Equity |
105.95 | 467.77 | 776.37 | 730.55 | 571.60 | 411.46 | 385.27 | 355.04 | 291.92 | 229.07 |
Columns are period end dates