Blackbaud Inc (BLKB)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,820	-45,407	5,698	7,717	11,908
Revenue	US$ in thousands	1,068,830	1,029,700	912,853	913,219	900,423
Net profit margin		0.17%	-4.41%	0.62%	0.85%	1.32%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,820K ÷ $1,068,830K
= 0.17%

Blackbaud Inc's net profit margin has shown fluctuating trends over the past five years. In 2023, the net profit margin stands at 0.16%, indicating that the company generated approximately $0.16 in net profit for every dollar of revenue. This represents a slight improvement from the negative net profit margin of -4.29% in 2022. Despite this improvement, the net profit margin of Blackbaud Inc remains comparatively low in 2023, with a significant decrease from the levels seen in 2019 and 2020. Further analysis of the company's cost structure and revenue generation capacity may be necessary to understand the drivers behind these fluctuations in net profit margin.