Blackbaud, Inc. (BLKB) vs PDF Solutions, Inc. (PDFS)

Blackbaud, Inc. and PDF Solutions, Inc. are both Software Application companies. Blackbaud, Inc. and PDF Solutions, Inc. are of similar size ($2.0B and $2.0B). Blackbaud, Inc. trades at the lower P/E: 13.3× against 198×. PDF Solutions, Inc. grew revenue faster over the last twelve months: 23.1% against 0.71%. Blackbaud, Inc. has the higher net margin (13.1% vs 4.27%) and the higher return on invested capital (42.3% vs 3.79%). Across the 21 metrics below, Blackbaud, Inc. leads on 14 and PDF Solutions, Inc. on 7.

Valuation

Metric BLKB PDFS Software Application median
P/E 13.29 198.20 24.79
P/S 1.68 8.41 2.67
P/B 28.84 5.44 3.01
Price to free cash flow 6.99 n/m 16.59
EV/EBITDA 7.02 53.04 14.40
EV/Sales 1.92 8.21 2.62
Earnings yield 7.52% 0.50% 0.00%
Free cash flow yield 14.31% (1.47%) 1.91%

Profitability

Metric BLKB PDFS Software Application median
Gross margin 59.62% 71.46% 67.03%
Operating margin 19.79% 8.15% 0.00%
Net margin 13.12% 4.27% 0.00%
Free cash flow margin 24.09% (0.56%) 4.32%
Return on equity 194.45% 3.27% 0.00%
Return on assets 5.77% 2.26% 0.00%
Return on invested capital 42.25% 3.79% 0.00%

Growth

Metric BLKB PDFS Software Application median
Revenue growth (TTM) 0.71% 23.05% 12.40%
EPS growth (last fiscal year) 141.73% (120.00%) —
Revenue growth, 5-year CAGR 4.32% 19.99% 13.72%
Net income growth, 5-year CAGR 71.64% 0.00% 0.00%

Health

Metric BLKB PDFS Software Application median
Debt to equity 17.16 0.18 0.02
Current ratio 0.83 3.45 1.55
Net debt to EBITDA 1.26 1.22 0.06

Dividend

Metric BLKB PDFS Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric BLKB PDFS Software Application median
Market cap 1.96b 2.02b 396.11m

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