Blackbaud Inc (BLKB)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	17,644	-55,575	7,083	21,614	10,585
Revenue	US$ in thousands	1,068,830	1,029,700	912,853	913,219	900,423
Pretax margin		1.65%	-5.40%	0.78%	2.37%	1.18%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $17,644K ÷ $1,068,830K
= 1.65%

The pretax margin of Blackbaud Inc has varied over the past five years, ranging from -5.25% in 2022 to 2.37% in 2020. In 2023, the pretax margin improved to 1.60% compared to the previous year but remained relatively low. The company experienced a significant drop in profitability in 2022, with a negative pretax margin indicating potential operational challenges or extraordinary expenses during that period. It is essential for the company to continue monitoring and managing its cost structure and overall financial performance to ensure sustainable profitability over time.