Blackbaud Inc (BLKB)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -286,951 | 52,991 | 41,466 | 21,767 | 1,820 | -24,838 | -44,174 | -49,701 | -45,407 | -31,205 | -14,698 | -4,545 | 5,698 | -866 | -2,178 | 2,914 | 7,717 | 22,662 | 22,352 | 17,669 |
| Total stockholders’ equity | US$ in thousands | 141,993 | 544,327 | 577,337 | 534,054 | 808,705 | 800,171 | 761,370 | 719,733 | 744,032 | 732,812 | 720,474 | 705,050 | 717,060 | 396,837 | 405,274 | 416,160 | 426,150 | 441,835 | 410,802 | 380,393 |
| ROE | -202.09% | 9.74% | 7.18% | 4.08% | 0.23% | -3.10% | -5.80% | -6.91% | -6.10% | -4.26% | -2.04% | -0.64% | 0.79% | -0.22% | -0.54% | 0.70% | 1.81% | 5.13% | 5.44% | 4.64% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-286,951K ÷ $141,993K
= -202.09%
Blackbaud Inc's return on equity (ROE) has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
The ROE started at a modest 4.64% in March 2020 and slightly improved to 5.44% by June 2020. However, there was a decline in the ROE to 1.81% by December 2020. This downward trend continued into 2021, with ROE dropping to 0.70% by March 2021 and further to -0.54% by June 2021.
The negative trend in ROE persisted as the metric declined to -2.04% by June 2022 and worsened to -6.91% by March 2023. However, there was a slight recovery in ROE to 4.08% by March 2024 and a more substantial improvement to 9.74% by September 2024.
The most concerning observation is the significant decline in ROE to -202.09% by December 2024. This drastic negative ROE figure needs further investigation as it suggests that the company's net income may not be sufficient to cover its shareholders' equity, which raises questions about the company's financial health and sustainability.
Overall, the trend in Blackbaud Inc's ROE fluctuated significantly over the period, indicating potential challenges and uncertainties in the company's profitability and shareholder value creation.
Peer comparison
Dec 31, 2024