Blackbaud, Inc. (BLKB) vs WeRide Inc. (WRD)

Blackbaud, Inc. and WeRide Inc. are both Software Application companies. Blackbaud, Inc. and WeRide Inc. are of similar size ($2.0B and $1.8B). WeRide Inc. has negative trailing earnings, so its P/E is not meaningful; Blackbaud, Inc. trades at 13.3×. Blackbaud, Inc. has the higher net margin (13.1% vs −199.6%) and the higher return on invested capital (42.3% vs −68.9%). Across the 16 metrics below, Blackbaud, Inc. leads on 13 and WeRide Inc. on 3.

Valuation

Metric BLKB WRD Software Application median
P/E 13.29 n/m 24.79
P/S 1.68 15.35 2.67
P/B 28.84 1.92 3.01
Price to free cash flow 6.99 n/m 16.59
EV/EBITDA 7.02 n/m 14.40
EV/Sales 1.92 9.36 2.62
Earnings yield 7.52% (13.56%) 0.00%
Free cash flow yield 14.31% (28.46%) 1.91%

Profitability

Metric BLKB WRD Software Application median
Gross margin 59.62% 32.86% 67.03%
Operating margin 19.79% (218.36%) 0.00%
Net margin 13.12% (199.55%) 0.00%
Free cash flow margin 24.09% (436.85%) 4.32%
Return on equity 194.45% (92.25%) 0.00%
Return on assets 5.77% (22.14%) 0.00%
Return on invested capital 42.25% (68.91%) 0.00%

Growth

Metric BLKB WRD Software Application median
Revenue growth (TTM) 0.71% — 12.40%
EPS growth (last fiscal year) 141.73% 77.78% —
Revenue growth, 5-year CAGR 4.32% — 13.72%
Net income growth, 5-year CAGR 71.64% — 0.00%

Health

Metric BLKB WRD Software Application median
Debt to equity 17.16 0.09 0.02
Current ratio 0.83 5.36 1.55
Net debt to EBITDA 1.26 4.03 0.06

Dividend

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

Size

Metric BLKB WRD Software Application median
Market cap 1.96b 1.79b 396.11m

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