Blackbaud Inc (BLKB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 639,203 | 600,105 | 552,716 | 484,545 | 485,154 |
| Revenue | US$ in thousands | 1,155,500 | 1,105,430 | 1,058,100 | 927,740 | 913,219 |
| Gross profit margin | 55.32% | 54.29% | 52.24% | 52.23% | 53.13% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $639,203K ÷ $1,155,500K
= 55.32%
The gross profit margin of Blackbaud Inc has shown a slight decrease from 53.13% as of December 31, 2020, to 52.23% as of December 31, 2021. However, the margin remained relatively stable in the subsequent years, with a slight increase to 52.24% as of December 31, 2022. A notable improvement occurred by December 31, 2023, where the gross profit margin increased to 54.29% and further improved to 55.32% as of December 31, 2024. This upward trend in the gross profit margin indicates the company's ability to efficiently control costs and generate more revenue from its core operations, thus enhancing profitability over time. Overall, the increasing gross profit margin suggests a positive trajectory for Blackbaud Inc in terms of its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024