The Filing Desk

Blackbaud vs Five9

Blackbaud BLKB · Five9 FIVN · Application Software

Five9 reported revenue of $1.1 billion in fiscal 2025, about the same as Blackbaud's $1.1 billion in fiscal 2025. Blackbaud's revenue fell 2.3% in its latest year, and Five9's grew 10.3%. Blackbaud had an operating margin of 16.9%, against 2.5% at Five9. Free cash flow was $258 million at Blackbaud and $201 million at Five9.

Side by side

BlackbaudFive9
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$1.1B$1.1B
Revenue growth−2.3%10.3%
Revenue growth a year, last 5 years4.3%21.4%
Gross margin58.8%55.1%
Operating margin16.9%2.5%
Net margin10.2%3.4%
Free cash flow$258M$201M
Free cash flow margin22.9%17.5%
Return on capital14.5%3.1%
Net debt to EBITDA3.9x0.6x
Dividends and buybacks$217M$50M
Change in diluted share count−4.1%18.1%
Last close$54.12$28.12
P/E at the last close16.7×42.0×
Insider trades, last 12 monthssold $4.9 millionsold $6.9 million
Piotroski F-score8 of 97 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
BlackbaudFive9
Operating margin
Percent of revenue
BlackbaudFive9
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BlackbaudFive9

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Blackbaud and Five9 pages.