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Side-by-side financial comparison of Alkermes plc. (ALKS) and BLACKBAUD INC (BLKB). Click either name above to swap in a different company.

Alkermes plc. is the larger business by last-quarter revenue ($384.5M vs $281.1M, roughly 1.4× BLACKBAUD INC). Alkermes plc. runs the higher net margin — 12.8% vs 11.1%, a 1.8% gap on every dollar of revenue. On growth, BLACKBAUD INC posted the faster year-over-year revenue change (4.2% vs -10.6%). Alkermes plc. produced more free cash flow last quarter ($170.0M vs $37.0M). Over the past eight quarters, Alkermes plc.'s revenue compounded faster (4.8% CAGR vs -1.1%).

Alkermes plc is a fully-integrated biopharmaceutical company that focuses on developing medicines for psychiatric and neurological disorders. The company was founded in 1987 by Michael Wall. In September 2011 Alkermes, Inc. merged with Elan Drug Technologies (EDT), the former drug formulation and manufacturing division of Élan Corporation, plc. The company is headquartered in Dublin, and has an R&D center in Waltham, Massachusetts, and a manufacturing facility in Wilmington, Ohio.

Blackbaud, Inc. is a cloud computing provider that supports nonprofits, foundations, corporations, education institutions, healthcare organizations, religious organizations, and individual change agents. Its products focus on fundraising, website management, CRM, analytics, financial management, ticketing, and education administration.

ALKS vs BLKB — Head-to-Head

Bigger by revenue
ALKS
ALKS
1.4× larger
ALKS
$384.5M
$281.1M
BLKB
Growing faster (revenue YoY)
BLKB
BLKB
+14.7% gap
BLKB
4.2%
-10.6%
ALKS
Higher net margin
ALKS
ALKS
1.8% more per $
ALKS
12.8%
11.1%
BLKB
More free cash flow
ALKS
ALKS
$133.1M more FCF
ALKS
$170.0M
$37.0M
BLKB
Faster 2-yr revenue CAGR
ALKS
ALKS
Annualised
ALKS
4.8%
-1.1%
BLKB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ALKS
ALKS
BLKB
BLKB
Revenue
$384.5M
$281.1M
Net Profit
$49.3M
$31.1M
Gross Margin
88.0%
59.2%
Operating Margin
15.1%
18.3%
Net Margin
12.8%
11.1%
Revenue YoY
-10.6%
4.2%
Net Profit YoY
-66.3%
620.3%
EPS (diluted)
$0.29
$0.67

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALKS
ALKS
BLKB
BLKB
Q1 26
$281.1M
Q4 25
$384.5M
$295.3M
Q3 25
$394.2M
$281.1M
Q2 25
$390.7M
$282.0M
Q1 25
$306.5M
$269.9M
Q4 24
$430.0M
$302.1M
Q3 24
$378.1M
$286.6M
Q2 24
$399.1M
$287.3M
Net Profit
ALKS
ALKS
BLKB
BLKB
Q1 26
$31.1M
Q4 25
$49.3M
$36.7M
Q3 25
$82.8M
$47.5M
Q2 25
$87.1M
$26.5M
Q1 25
$22.5M
$4.3M
Q4 24
$146.5M
$-346.4M
Q3 24
$92.4M
$18.3M
Q2 24
$91.4M
$21.2M
Gross Margin
ALKS
ALKS
BLKB
BLKB
Q1 26
59.2%
Q4 25
88.0%
58.3%
Q3 25
86.9%
59.6%
Q2 25
87.3%
59.7%
Q1 25
83.9%
57.5%
Q4 24
85.6%
53.8%
Q3 24
83.3%
54.9%
Q2 24
84.6%
56.0%
Operating Margin
ALKS
ALKS
BLKB
BLKB
Q1 26
18.3%
Q4 25
15.1%
20.0%
Q3 25
22.6%
19.4%
Q2 25
23.8%
20.3%
Q1 25
4.5%
7.3%
Q4 24
37.8%
-121.5%
Q3 24
27.7%
14.4%
Q2 24
27.5%
14.4%
Net Margin
ALKS
ALKS
BLKB
BLKB
Q1 26
11.1%
Q4 25
12.8%
12.4%
Q3 25
21.0%
16.9%
Q2 25
22.3%
9.4%
Q1 25
7.3%
1.6%
Q4 24
34.1%
-114.6%
Q3 24
24.4%
6.4%
Q2 24
22.9%
7.4%
EPS (diluted)
ALKS
ALKS
BLKB
BLKB
Q1 26
$0.67
Q4 25
$0.29
$0.75
Q3 25
$0.49
$0.98
Q2 25
$0.52
$0.55
Q1 25
$0.13
$0.09
Q4 24
$0.88
$-6.82
Q3 24
$0.55
$0.35
Q2 24
$0.53
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALKS
ALKS
BLKB
BLKB
Cash + ST InvestmentsLiquidity on hand
$388.6M
$34.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$34.6M
Total Assets
$2.5B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALKS
ALKS
BLKB
BLKB
Q1 26
$34.1M
Q4 25
$388.6M
$38.9M
Q3 25
$616.4M
$38.3M
Q2 25
$521.2M
$41.6M
Q1 25
$399.8M
$37.2M
Q4 24
$291.1M
$67.6M
Q3 24
$396.3M
$34.6M
Q2 24
$535.1M
$30.4M
Total Debt
ALKS
ALKS
BLKB
BLKB
Q1 26
Q4 25
$1.1B
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
Q3 24
$1.0B
Q2 24
$1.0B
Stockholders' Equity
ALKS
ALKS
BLKB
BLKB
Q1 26
$34.6M
Q4 25
$1.8B
$85.1M
Q3 25
$1.7B
$108.2M
Q2 25
$1.6B
$72.7M
Q1 25
$1.5B
$17.5M
Q4 24
$1.5B
$126.8M
Q3 24
$1.3B
$544.8M
Q2 24
$1.3B
$577.5M
Total Assets
ALKS
ALKS
BLKB
BLKB
Q1 26
$2.1B
Q4 25
$2.5B
$2.4B
Q3 25
$2.3B
$2.1B
Q2 25
$2.3B
$2.6B
Q1 25
$2.1B
$2.1B
Q4 24
$2.1B
$2.5B
Q3 24
$2.2B
$2.6B
Q2 24
$2.2B
$3.0B
Debt / Equity
ALKS
ALKS
BLKB
BLKB
Q1 26
Q4 25
13.06×
Q3 25
Q2 25
Q1 25
Q4 24
8.50×
Q3 24
1.84×
Q2 24
1.78×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALKS
ALKS
BLKB
BLKB
Operating Cash FlowLast quarter
$170.1M
$51.5M
Free Cash FlowOCF − Capex
$170.0M
$37.0M
FCF MarginFCF / Revenue
44.2%
13.2%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
3.45×
1.65×
TTM Free Cash FlowTrailing 4 quarters
$480.3M
$294.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALKS
ALKS
BLKB
BLKB
Q1 26
$51.5M
Q4 25
$170.1M
$58.0M
Q3 25
$101.7M
$139.2M
Q2 25
$150.2M
$66.9M
Q1 25
$98.8M
$1.4M
Q4 24
$190.4M
$73.6M
Q3 24
$81.6M
$104.0M
Q2 24
$146.0M
$53.1M
Free Cash Flow
ALKS
ALKS
BLKB
BLKB
Q1 26
$37.0M
Q4 25
$170.0M
$55.0M
Q3 25
$84.4M
$135.7M
Q2 25
$137.2M
$66.3M
Q1 25
$88.7M
$712.0K
Q4 24
$180.6M
$73.4M
Q3 24
$73.3M
$102.9M
Q2 24
$138.9M
$48.0M
FCF Margin
ALKS
ALKS
BLKB
BLKB
Q1 26
13.2%
Q4 25
44.2%
18.6%
Q3 25
21.4%
48.3%
Q2 25
35.1%
23.5%
Q1 25
28.9%
0.3%
Q4 24
42.0%
24.3%
Q3 24
19.4%
35.9%
Q2 24
34.8%
16.7%
Capex Intensity
ALKS
ALKS
BLKB
BLKB
Q1 26
Q4 25
0.0%
1.0%
Q3 25
4.4%
1.2%
Q2 25
3.3%
0.2%
Q1 25
3.3%
0.3%
Q4 24
2.3%
0.1%
Q3 24
2.2%
0.4%
Q2 24
1.8%
1.8%
Cash Conversion
ALKS
ALKS
BLKB
BLKB
Q1 26
1.65×
Q4 25
3.45×
1.58×
Q3 25
1.23×
2.93×
Q2 25
1.72×
2.53×
Q1 25
4.40×
0.32×
Q4 24
1.30×
Q3 24
0.88×
5.69×
Q2 24
1.60×
2.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALKS
ALKS

Vivitrol$124.1M32%
Aristada And Aristada Initio$97.2M25%
LYBALVI$94.1M24%
Royalty$65.7M17%
Manufacturing Revenue$3.3M1%

BLKB
BLKB

Segment breakdown not available.

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