BLACKBAUD INC (BLKB) Stock Fundamental Analysis

NASDAQ:BLKB • US09227Q1004

49.51 USD
+2.17 (+4.58%)
At close: Feb 18, 2026
49.51 USD
0 (0%)
After Hours: 2/18/2026, 8:16:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

BLKB gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 276 industry peers in the Software industry. BLKB scores excellent on profitability, but there are concerns on its financial health. BLKB may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

7

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.
  • 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 2025 0 100M -100M 200M -200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.81%, BLKB is in the better half of the industry, outperforming 71.74% of the companies in the same industry.
  • BLKB has a better Return On Equity (135.24%) than 98.91% of its industry peers.
  • With an excellent Return On Invested Capital value of 13.78%, BLKB belongs to the best of the industry, outperforming 91.30% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BLKB is below the industry average of 10.64%.
  • The last Return On Invested Capital (13.78%) for BLKB is above the 3 year average (8.59%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.81%
ROE 135.24%
ROIC 13.78%
ROA(3y)-2.38%
ROA(5y)-1.69%
ROE(3y)-33.58%
ROE(5y)-21.21%
ROIC(3y)8.59%
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 2025 0 100 -100 -200

1.3 Margins

  • The Profit Margin of BLKB (10.19%) is better than 70.65% of its industry peers.
  • BLKB's Profit Margin has improved in the last couple of years.
  • BLKB's Operating Margin of 16.91% is amongst the best of the industry. BLKB outperforms 82.97% of its industry peers.
  • BLKB's Operating Margin has improved in the last couple of years.
  • BLKB has a Gross Margin of 58.79%. This is in the lower half of the industry: BLKB underperforms 64.13% of its industry peers.
  • In the last couple of years the Gross Margin of BLKB has grown nicely.
Industry RankSector Rank
OM 16.91%
PM (TTM) 10.19%
GM 58.79%
OM growth 3YN/A
OM growth 5Y30.11%
PM growth 3YN/A
PM growth 5Y64.6%
GM growth 3Y4.02%
GM growth 5Y2.04%
BLKB Yearly Profit, Operating, Gross MarginsBLKB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BLKB is still creating some value.
  • BLKB has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, BLKB has less shares outstanding
  • The debt/assets ratio for BLKB is higher compared to a year ago.
BLKB Yearly Shares OutstandingBLKB Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.21, we must say that BLKB is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BLKB (1.21) is comparable to the rest of the industry.
  • The Debt to FCF ratio of BLKB is 5.47, which is a neutral value as it means it would take BLKB, 5.47 years of fcf income to pay off all of its debts.
  • BLKB has a Debt to FCF ratio (5.47) which is comparable to the rest of the industry.
  • BLKB has a Debt/Equity ratio of 12.78. This is a high value indicating a heavy dependency on external financing.
  • BLKB's Debt to Equity ratio of 12.78 is on the low side compared to the rest of the industry. BLKB is outperformed by 88.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 12.78
Debt/FCF 5.47
Altman-Z 1.21
ROIC/WACC1.28
WACC10.79%
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 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • BLKB has a Current Ratio of 0.79. This is a bad value and indicates that BLKB is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.79, BLKB is doing worse than 85.51% of the companies in the same industry.
  • BLKB has a Quick Ratio of 0.79. 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 Quick ratio of BLKB (0.79) is worse than 85.14% of its industry peers.
Industry RankSector Rank
Current Ratio 0.79
Quick Ratio 0.79
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 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • BLKB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.31%, which is quite good.
  • The Earnings Per Share has been growing by 8.69% 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 -2.34% in the last year.
  • Measured over the past years, BLKB shows a small growth in Revenue. The Revenue has been growing by 4.32% on average per year.
EPS 1Y (TTM)9.31%
EPS 3Y18.36%
EPS 5Y8.69%
EPS Q2Q%10.19%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y2.17%
Revenue growth 5Y4.32%
Sales Q2Q%-2.31%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.68% on average over the next years. This is quite good.
  • BLKB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.59% yearly.
EPS Next Y11.38%
EPS Next 2Y10.12%
EPS Next 3Y6.02%
EPS Next 5Y9.68%
Revenue Next Year5.13%
Revenue Next 2Y4.3%
Revenue Next 3Y1.51%
Revenue Next 5Y4.59%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same 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

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.10, the valuation of BLKB can be described as reasonable.
  • Based on the Price/Earnings ratio, BLKB is valued cheaply inside the industry as 88.77% of the companies are valued more expensively.
  • BLKB is valuated cheaply when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 9.97 indicates a reasonable valuation of BLKB.
  • BLKB's Price/Forward Earnings ratio is rather cheap when compared to the industry. BLKB is cheaper than 85.14% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.16. BLKB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 11.1
Fwd PE 9.97
BLKB Price Earnings VS Forward Price EarningsBLKB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BLKB is valued cheaper than 83.33% of the companies in the same industry.
  • BLKB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BLKB is cheaper than 87.32% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.67
EV/EBITDA 12.04
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

  • BLKB's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BLKB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.98
PEG (5Y)1.28
EPS Next 2Y10.12%
EPS Next 3Y6.02%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for BLKB!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BLACKBAUD INC

NASDAQ:BLKB (2/18/2026, 8:16:20 PM)

After market: 49.51 0 (0%)

49.51

+2.17 (+4.58%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-10
Earnings (Next)04-28
Inst Owners78.94%
Inst Owner Change4.1%
Ins Owners2.01%
Ins Owner Change-1.39%
Market Cap2.37B
Revenue(TTM)1.13B
Net Income(TTM)115.03M
Analysts76
Price Target77.78 (57.1%)
Short Float %3.21%
Short Ratio2.98
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)1.79%
Min EPS beat(2)0.79%
Max EPS beat(2)2.79%
EPS beat(4)4
Avg EPS beat(4)5.2%
Min EPS beat(4)0.79%
Max EPS beat(4)12.34%
EPS beat(8)6
Avg EPS beat(8)1.96%
EPS beat(12)10
Avg EPS beat(12)3.34%
EPS beat(16)13
Avg EPS beat(16)3.56%
Revenue beat(2)0
Avg Revenue beat(2)-1.15%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)-0.97%
Revenue beat(4)0
Avg Revenue beat(4)-0.89%
Min Revenue beat(4)-1.33%
Max Revenue beat(4)-0.22%
Revenue beat(8)0
Avg Revenue beat(8)-2.01%
Revenue beat(12)0
Avg Revenue beat(12)-2.12%
Revenue beat(16)0
Avg Revenue beat(16)-2.1%
PT rev (1m)3.04%
PT rev (3m)1.94%
EPS NQ rev (1m)-0.26%
EPS NQ rev (3m)-0.09%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.23%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-0.06%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 11.1
Fwd PE 9.97
P/S 2.1
P/FCF 11.67
P/OCF 8.92
P/B 27.84
P/tB N/A
EV/EBITDA 12.04
EPS(TTM)4.46
EY9.01%
EPS(NY)4.97
Fwd EY10.03%
FCF(TTM)4.24
FCFY8.57%
OCF(TTM)5.55
OCFY11.21%
SpS23.59
BVpS1.78
TBVpS-22.55
PEG (NY)0.98
PEG (5Y)1.28
Graham Number13.36
Profitability
Industry RankSector Rank
ROA 4.81%
ROE 135.24%
ROCE 15.79%
ROIC 13.78%
ROICexc 14.23%
ROICexgc 2683.5%
OM 16.91%
PM (TTM) 10.19%
GM 58.79%
FCFM 17.98%
ROA(3y)-2.38%
ROA(5y)-1.69%
ROE(3y)-33.58%
ROE(5y)-21.21%
ROIC(3y)8.59%
ROIC(5y)N/A
ROICexc(3y)8.94%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.85%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y127.08%
ROICexc growth 3YN/A
ROICexc growth 5Y31.41%
OM growth 3YN/A
OM growth 5Y30.11%
PM growth 3YN/A
PM growth 5Y64.6%
GM growth 3Y4.02%
GM growth 5Y2.04%
F-Score8
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 12.78
Debt/FCF 5.47
Debt/EBITDA 3.92
Cap/Depr 72.73%
Cap/Sales 5.56%
Interest Coverage 250
Cash Conversion 95.85%
Profit Quality 176.35%
Current Ratio 0.79
Quick Ratio 0.79
Altman-Z 1.21
F-Score8
WACC10.79%
ROIC/WACC1.28
Cap/Depr(3y)62.18%
Cap/Depr(5y)63.86%
Cap/Sales(3y)5.73%
Cap/Sales(5y)5.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.31%
EPS 3Y18.36%
EPS 5Y8.69%
EPS Q2Q%10.19%
EPS Next Y11.38%
EPS Next 2Y10.12%
EPS Next 3Y6.02%
EPS Next 5Y9.68%
Revenue 1Y (TTM)-2.34%
Revenue growth 3Y2.17%
Revenue growth 5Y4.32%
Sales Q2Q%-2.31%
Revenue Next Year5.13%
Revenue Next 2Y4.3%
Revenue Next 3Y1.51%
Revenue Next 5Y4.59%
EBIT growth 1Y41.51%
EBIT growth 3YN/A
EBIT growth 5Y35.74%
EBIT Next Year25.32%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-11.33%
FCF growth 3Y15.17%
FCF growth 5Y21.63%
OCF growth 1Y-10.28%
OCF growth 3Y9.21%
OCF growth 5Y12.4%

BLACKBAUD INC / BLKB FAQ

What is the fundamental rating for BLKB stock?

ChartMill assigns a fundamental rating of 5 / 10 to BLKB.


Can you provide the valuation status for BLACKBAUD INC?

ChartMill assigns a valuation rating of 8 / 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 7 / 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 11.1 and the Price/Book (PB) ratio is 27.84.


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 11.38% in the next year.