Blackbaud, Inc. (BLKB)
UndervaluedFundamental
73
Price
$42.77
Market Cap
$1.89B
Part 1 · What the company is worth
Overview
Blackbaud, Inc. engages in the providing AI-powered solutions in the United States and internationally. The company offers fundraising and engagement solutions, including Blackbaud Raiser's Edge NXT, Blackbaud CRM, Blackbaud Luminate Online, Blackbaud TeamRaiser, JustGiving from Blackbaud, Blackbaud Fundraiser Performance Management, and Blackbaud Altru; financial management solutions, such as Blackbaud Financial Edge NXT, Blackbaud Purchase Cards, Blackbaud Tuition Management, Blackbaud Financial Aid Management, and Blackbaud Billing Management; and grant and award management solutions, which includes Blackbaud Grantmaking and Blackbaud Award Management. It also offers education solutions, including Blackbaud Student Information System, Blackbaud Learning Management System, Blackbaud Enrollment Management System, and Blackbaud School Website System; social responsibility, employee giving, and volunteering solutions, such as YourCause GrantsConnect and YourCause CSRconnect, and Blackbaud Impact Edge; and payment services, which includes Blackbaud Merchant Services. In addition, the company provides data intelligence solutions; professional and managed services, such as system implementation, data conversion, business process analysis and application customization, database merging and enrichment, database production activities, website design services, and outcome-based and prescriptive services; and training solutions. The company sells its solutions and related services through its direct sales force. Blackbaud, Inc. was founded in 1981 and is headquartered in Charleston, South Carolina.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
Blackbaud names Salesforce in its 10-K: its Nonprofit Cloud is the main alternative platform for large charities, universities and foundations choosing a donor-relationship system.
Named in Blackbaud's 10-K among general business software vendors: Dynamics 365 configured for nonprofits is bought instead of a Blackbaud suite for CRM and back-office needs.
Bonterra sells fundraising CRM, case management and corporate grantmaking software to the same nonprofits, foundations and corporate giving teams that buy Raiser's Edge NXT and YourCause.
Benevity competes head-on with Blackbaud's YourCause CSRconnect for corporate employee-giving, volunteering and grants budgets at large employers.
Community Brands sells fundraising, membership and K-12 school administration suites to the same associations, private schools and nonprofits served by Blackbaud's education and fundraising products.
Blackbaud's 10-K cites consumer fundraising platforms like GoFundMe, which capture peer-to-peer and campaign donations that would otherwise flow through Blackbaud's giving and payment products.
Balance Sheet & Liquidity
Revenue
$1.15B
Trailing 12 months (through 6/30/2026)
Net Income
$151M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$258M
Total Equity
$85M
Total Liabilities
$2.31B
Current Ratio
0.83
Interest Coverage
3.43
Debt/EBITDA
4.18
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$107.61
Current Price
$42.77
Margin of Safety
+60.3%
Fair Value Range
$69.95 - $145.27
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
13.05
ROE
135.2%
P/B Ratio
28.18
P/FCF
5.74
Gross Margin
59.6%
ROIC
14.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
14.4%
WACC
8.3%
ROIC − WACC
+6.2 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (19)
- EPS shows upward trend
- EPS CAGR 7.62%
- ROIC 14.4%
- Gross Margin 59.6%
- P/FCF 5.74
- Operating Margin 19.8%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 204.4%
- Analyst Consensus 70% Buy
- PEG Ratio 0.18
- Earnings Quality (OCF/NI) 2.25
- Share Dilution -4.1%
- Net Margin Trend 13.1% vs -26.1%
- Piotroski F-Score 8/9
Failed (8)
- Price CAGR -3.92%
- P/B Ratio 28.18
- Debt/Equity ratio
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Fairly valued)
- Revenue Growth 5Y 4.3%
- Earnings Surprise avg 1.4%
Unavailable (1)
- Dividend Payout NaN%
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Michael P. Gianoni | President, CEO & Non-Independent Vice Chairman of the Board | 64 |
| Mr. Chad M. Anderson | Executive VP & CFO | 52 |
| Mr. Kevin P. Gregoire | Executive VP & COO | 57 |
| Mr. Kevin R. McDearis | Executive VP & CTO | 57 |
| Mr. Anthony W. Boor | Executive VP of Corporate Development & Strategy and Director | 62 |
| Mr. David J. Benjamin | Executive VP & Chief Commercial Officer | 53 |
| Mr. Chris Lindner | Chief Information Officer | - |
| Mr. Tom Barth | Head of Investor Relations | - |
| Mr. Jon W. Olson J.D. | Chief Legal Officer & Corporate Secretary | 61 |
| Nicole McGougan | Public Relations Manager | - |
Audit Risk
6
Board Risk
4
Compensation Risk
3
Shareholder Rights Risk
2
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-18
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-29
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-10
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for BLKB, sourced from Markets Gazette.