BLKB
Blackbaud, Inc.
BLKB offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
MSFT
Microsoft Corporation
MSFT has a slight edge over BLKB overall, supported by stronger modeled upside and lower modeled downside.
BLKB Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Under pressure |
BLKB's profitability and cash flow are currently strong, and its revenue is stable, but its balance sheet is under pressure.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
BLKB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.3x | $53.56 | — |
| Cheap | 17x | $54.16 | +1.1% |
| Current | 17x | $53.56 | — |
| Fair | 142x | $460 | +758% |
| Expensive | 477x | $1,540 | +2774% |
Historical ranges are pointers, not guarantees.
BLKB's PE is in its cheap range at 17x. If earnings grow as analysts expect, today's price would be 9.3x next year's earnings.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT has the edge over BLKB in the historical PE scenario, which offers more potential upside but is not a forecast.
BLKB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
BLKB has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
BLKB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.79 | +79% |
| Q3 2026 | $3.23 | +$8.13 |
| Q2 2026 | $3.19 | +$8.67 |
| Q1 2026 | $2.94 | +$8.54 |
| Q4 2025 | $2.37 | +$7.97 |
| Q3 2025 | -$4.90 | -580% |
| Q2 2025 | -$5.48 | -794% |
| Q1 2025 | -$5.60 | -1466% |
| Q4 2024 | -$5.60 | -18767% |
BLKB has returned to profit: it earned $3.23 per share over the past year, after losing money the year before.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the edge over BLKB on earnings, with more consistent year-over-year improvement.
BLKB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $292.6M | +4.1% |
| Q2 2026 | $290.6M | +3.3% |
| Q1 2026 | $281.1M | +3.9% |
| Q4 2025 | $295.3M | -2.3% |
| Q3 2025 | $281.1M | -1.9% |
| Q2 2025 | $281.4M | -2.1% |
| Q1 2025 | $270.7M | -3.1% |
| Q4 2024 | $302.2M | +2.4% |
BLKB's revenue grew through 2023 and has held roughly level since: $293M last quarter, up 4.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +1.1 points |
| Q2 2026 | 21% | +1.2 points |
| Q1 2026 | 18% | +11 points |
| Q4 2025 | 20% | +142 points |
| Q3 2025 | 19% | +4.1 points |
| Q2 2025 | 20% | +5.5 points |
| Q1 2025 | 7.5% | +3.7 points |
| Q4 2024 | -121% | -132 points |
BLKB's operating margin was 20% last quarter, up 1.1 points from the same quarter a year ago, near the top of its range since 2019.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT has the edge over BLKB on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over BLKB on profitability, with a higher operating margin.
BLKB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $138.5M | +2% |
| Q2 2026 | $88.6M | +34% |
| Q1 2026 | $49.8M | +7013% |
| Q4 2025 | $55M | -25% |
| Q3 2025 | $135.7M | +32% |
| Q2 2025 | $66.3M | +38% |
| Q1 2025 | $700K | -99% |
| Q4 2024 | $73.4M | +$77.2M |
BLKB has the edge over MSFT on cash flow, with more consistent year-over-year improvement.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT's free cash flow has been positive every quarter for seven years: $60B over the past year, down 23% from the year before.
BLKB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +77.3K shares |
| 1 year | -7.3% | -3.5M shares |
| 3 years | -17% | -9.1M shares |
| 5 years | -6.9% | -3.3M shares |
| Available history | -6.9% | -3.4M shares |
BLKB has the edge over MSFT on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $18.3M |
| Q2 2026 | $29.5M |
| Q1 2026 | $82.1M |
| Q4 2025 | $83.8M |
| Q3 2025 | $30.1M |
| Q2 2025 | $3.2M |
| Q1 2025 | $100M |
| Q4 2024 | $92.6M |
BLKB spent $214M buying back its own shares over the past year, down 5.4% from the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has 7.4B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
BLKB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 3.8x | Elevated |
| Q4 2025 | 3.9x | Elevated |
| Q3 2024 | 3.9x | Elevated |
| Q2 2024 | 4.4x | High |
| Q1 2024 | 5.7x | High |
| Q4 2023 | 4.9x | High |
BLKB's net debt is about 3.2 years of its operating earnings (EBITDA), down from 3.9 years a year ago.
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT has the edge over BLKB on leverage, with a lower net debt burden relative to earnings.
BLKB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.8 | Neutral |
| Stochastic | 79.9 | Neutral |
BLKB's weekly RSI is 64 (neutral) and its Stochastic is 80 (neutral).
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
BLKB PE vs Technology Sector
| Metric | BLKB | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 28x | 40% below |
| PE % | 16 | 35 | 19 pts below |
BLKB has the edge over MSFT on valuation relative to its sector.
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
BLKB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.9 | 7.4% above |
| 20 week MA | $44.5 | 20% above |
| 50 week MA | $44.5 | 20% above |
| 100 week MA | $55.2 | 2.9% below |
| 200 week MA | $64.9 | 17% below |
BLKB has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 17% below its 200-week average.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has the edge over BLKB on trend strength, trading above more of its moving averages.
BLKB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $78.6 | $58.9 | -25% |
| 2021 | $58.9 | $81.6 | +39% |
| 2022 | $81.6 | $58.3 | -29% |
| 2023 | $58.3 | $86.7 | +49% |
| 2024 | $86.7 | $74.9 | -14% |
| 2025 | $74.9 | $64.2 | -14% |
| 2026 YTD | $64.2 | $53.6 | -17% |
BLKB has finished lower in four of the last six years. It's down 17% so far in 2026.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over BLKB on returns for 2026, with the stronger performance.