Blackbaud Inc (BLKB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 44,705 | -28,485 | 24,906 | 37,243 | 27,145 |
| Revenue | US$ in thousands | 1,068,830 | 1,029,700 | 912,853 | 913,219 | 900,423 |
| Operating profit margin | 4.18% | -2.77% | 2.73% | 4.08% | 3.01% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $44,705K ÷ $1,068,830K
= 4.18%
Blackbaud Inc's operating profit margin has shown variability over the past five years. In 2023, the operating profit margin improved to 4.04%, indicating that the company generated 4.04% of sales as operating profit. This was a significant improvement compared to the preceding year, where the company had a negative operating profit margin of -2.69%.
In 2021 and 2020, Blackbaud Inc's operating profit margin was relatively stable at 2.71% and 4.10%, respectively. This suggests that the company was able to maintain a modest level of profitability from its operations during these years.
The operating profit margin in 2019 was 3.66%, which was slightly lower than in 2020 but still within a reasonable range.
Overall, while there have been fluctuations in Blackbaud Inc's operating profit margin over the years, the recent improvement in 2023 is a positive sign of the company's ability to enhance operational efficiency and profitability.
Peer comparison
Dec 31, 2023