vs

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

BLACKBAUD INC is the larger business by last-quarter revenue ($281.1M vs $205.9M, roughly 1.4× CECO ENVIRONMENTAL CORP). On growth, CECO ENVIRONMENTAL CORP posted the faster year-over-year revenue change (16.5% vs 4.2%). Over the past eight quarters, CECO ENVIRONMENTAL CORP's revenue compounded faster (22.4% CAGR vs -1.1%).

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.

CECO Environmental Corp. is an American industrial technology company founded in 1966 and headquartered in Dallas, Texas. It is publicly traded on the Nasdaq Stock Market under the ticker symbol CECO. The company provides air pollution control technology, products, and services for industrial markets, including manufacturing, chemical processing, energy, and refining.

BLKB vs CECO — Head-to-Head

Bigger by revenue
BLKB
BLKB
1.4× larger
BLKB
$281.1M
$205.9M
CECO
Growing faster (revenue YoY)
CECO
CECO
+12.4% gap
CECO
16.5%
4.2%
BLKB
Faster 2-yr revenue CAGR
CECO
CECO
Annualised
CECO
22.4%
-1.1%
BLKB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BLKB
BLKB
CECO
CECO
Revenue
$281.1M
$205.9M
Net Profit
$31.1M
Gross Margin
59.2%
31.0%
Operating Margin
18.3%
0.9%
Net Margin
11.1%
Revenue YoY
4.2%
16.5%
Net Profit YoY
620.3%
EPS (diluted)
$0.67
$0.98

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
BLKB
BLKB
CECO
CECO
Q1 26
$281.1M
$205.9M
Q4 25
$295.3M
$214.7M
Q3 25
$281.1M
$197.6M
Q2 25
$282.0M
$185.4M
Q1 25
$269.9M
$176.7M
Q4 24
$302.1M
$158.6M
Q3 24
$286.6M
$135.5M
Q2 24
$287.3M
$137.5M
Net Profit
BLKB
BLKB
CECO
CECO
Q1 26
$31.1M
Q4 25
$36.7M
$3.1M
Q3 25
$47.5M
$1.5M
Q2 25
$26.5M
$9.5M
Q1 25
$4.3M
$36.0M
Q4 24
$-346.4M
$4.9M
Q3 24
$18.3M
$2.1M
Q2 24
$21.2M
$4.5M
Gross Margin
BLKB
BLKB
CECO
CECO
Q1 26
59.2%
31.0%
Q4 25
58.3%
35.1%
Q3 25
59.6%
32.7%
Q2 25
59.7%
36.2%
Q1 25
57.5%
35.2%
Q4 24
53.8%
35.8%
Q3 24
54.9%
33.4%
Q2 24
56.0%
35.7%
Operating Margin
BLKB
BLKB
CECO
CECO
Q1 26
18.3%
0.9%
Q4 25
20.0%
7.7%
Q3 25
19.4%
4.8%
Q2 25
20.3%
9.7%
Q1 25
7.3%
35.0%
Q4 24
-121.5%
7.1%
Q3 24
14.4%
5.3%
Q2 24
14.4%
6.7%
Net Margin
BLKB
BLKB
CECO
CECO
Q1 26
11.1%
Q4 25
12.4%
1.4%
Q3 25
16.9%
0.8%
Q2 25
9.4%
5.1%
Q1 25
1.6%
20.4%
Q4 24
-114.6%
3.1%
Q3 24
6.4%
1.5%
Q2 24
7.4%
3.3%
EPS (diluted)
BLKB
BLKB
CECO
CECO
Q1 26
$0.67
$0.98
Q4 25
$0.75
$0.09
Q3 25
$0.98
$0.04
Q2 25
$0.55
$0.26
Q1 25
$0.09
$0.98
Q4 24
$-6.82
$0.14
Q3 24
$0.35
$0.06
Q2 24
$0.41
$0.12

Balance Sheet & Financial Strength

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

Metric
BLKB
BLKB
CECO
CECO
Cash + ST InvestmentsLiquidity on hand
$34.1M
$45.4M
Total DebtLower is stronger
$5.3M
Stockholders' EquityBook value
$34.6M
$317.2M
Total Assets
$2.1B
$1.0B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLKB
BLKB
CECO
CECO
Q1 26
$34.1M
$45.4M
Q4 25
$38.9M
$33.1M
Q3 25
$38.3M
$32.8M
Q2 25
$41.6M
$36.8M
Q1 25
$37.2M
$146.5M
Q4 24
$67.6M
$37.8M
Q3 24
$34.6M
$38.7M
Q2 24
$30.4M
$36.5M
Total Debt
BLKB
BLKB
CECO
CECO
Q1 26
$5.3M
Q4 25
$1.1B
$212.4M
Q3 25
$220.9M
Q2 25
$238.7M
Q1 25
$339.7M
Q4 24
$1.1B
$218.9M
Q3 24
$1.0B
$133.4M
Q2 24
$1.0B
$130.8M
Stockholders' Equity
BLKB
BLKB
CECO
CECO
Q1 26
$34.6M
$317.2M
Q4 25
$85.1M
$317.5M
Q3 25
$108.2M
$309.2M
Q2 25
$72.7M
$298.4M
Q1 25
$17.5M
$285.8M
Q4 24
$126.8M
$247.7M
Q3 24
$544.8M
$241.3M
Q2 24
$577.5M
$235.0M
Total Assets
BLKB
BLKB
CECO
CECO
Q1 26
$2.1B
$1.0B
Q4 25
$2.4B
$893.8M
Q3 25
$2.1B
$891.9M
Q2 25
$2.6B
$876.6M
Q1 25
$2.1B
$957.1M
Q4 24
$2.5B
$759.7M
Q3 24
$2.6B
$621.5M
Q2 24
$3.0B
$598.1M
Debt / Equity
BLKB
BLKB
CECO
CECO
Q1 26
0.02×
Q4 25
13.06×
0.67×
Q3 25
0.71×
Q2 25
0.80×
Q1 25
1.19×
Q4 24
8.50×
0.88×
Q3 24
1.84×
0.55×
Q2 24
1.78×
0.56×

Cash Flow & Capital Efficiency

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

Metric
BLKB
BLKB
CECO
CECO
Operating Cash FlowLast quarter
$51.5M
Free Cash FlowOCF − Capex
$37.0M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.65×
TTM Free Cash FlowTrailing 4 quarters
$294.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLKB
BLKB
CECO
CECO
Q1 26
$51.5M
Q4 25
$58.0M
$10.0M
Q3 25
$139.2M
$15.3M
Q2 25
$66.9M
$-7.7M
Q1 25
$1.4M
$-11.7M
Q4 24
$73.6M
$1.8M
Q3 24
$104.0M
$15.1M
Q2 24
$53.1M
$6.7M
Free Cash Flow
BLKB
BLKB
CECO
CECO
Q1 26
$37.0M
Q4 25
$55.0M
$7.3M
Q3 25
$135.7M
$11.0M
Q2 25
$66.3M
$-8.7M
Q1 25
$712.0K
$-15.1M
Q4 24
$73.4M
$-4.3M
Q3 24
$102.9M
$11.1M
Q2 24
$48.0M
$2.5M
FCF Margin
BLKB
BLKB
CECO
CECO
Q1 26
13.2%
Q4 25
18.6%
3.4%
Q3 25
48.3%
5.6%
Q2 25
23.5%
-4.7%
Q1 25
0.3%
-8.5%
Q4 24
24.3%
-2.7%
Q3 24
35.9%
8.2%
Q2 24
16.7%
1.9%
Capex Intensity
BLKB
BLKB
CECO
CECO
Q1 26
Q4 25
1.0%
1.2%
Q3 25
1.2%
2.1%
Q2 25
0.2%
0.6%
Q1 25
0.3%
1.9%
Q4 24
0.1%
3.9%
Q3 24
0.4%
3.0%
Q2 24
1.8%
3.0%
Cash Conversion
BLKB
BLKB
CECO
CECO
Q1 26
1.65×
Q4 25
1.58×
3.26×
Q3 25
2.93×
10.18×
Q2 25
2.53×
-0.81×
Q1 25
0.32×
-0.33×
Q4 24
0.37×
Q3 24
5.69×
7.24×
Q2 24
2.50×
1.49×

Financial Flow Comparison

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

Related Comparisons