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Side-by-side financial comparison of BLACKBAUD INC (BLKB) and Vita Coco Company, Inc. (COCO). Click either name above to swap in a different company.

BLACKBAUD INC is the larger business by last-quarter revenue ($281.1M vs $179.8M, roughly 1.6× Vita Coco Company, Inc.). Vita Coco Company, Inc. runs the higher net margin — 17.0% vs 11.1%, a 5.9% gap on every dollar of revenue. On growth, Vita Coco Company, Inc. posted the faster year-over-year revenue change (37.3% vs 4.2%). Over the past eight quarters, Vita Coco Company, Inc.'s revenue compounded faster (11.7% 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.

The Vita Coco Company, doing business simply as Vita Coco, is an American beverage company which mainly sells coconut water. The largest brand globally in coconut/plant waters, Vita Coco has operations in 31 countries as of 2016. It is a benefit corporation. The company is owned by All Market Inc.

BLKB vs COCO — Head-to-Head

Bigger by revenue
BLKB
BLKB
1.6× larger
BLKB
$281.1M
$179.8M
COCO
Growing faster (revenue YoY)
COCO
COCO
+33.2% gap
COCO
37.3%
4.2%
BLKB
Higher net margin
COCO
COCO
5.9% more per $
COCO
17.0%
11.1%
BLKB
Faster 2-yr revenue CAGR
COCO
COCO
Annualised
COCO
11.7%
-1.1%
BLKB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BLKB
BLKB
COCO
COCO
Revenue
$281.1M
$179.8M
Net Profit
$31.1M
$30.5M
Gross Margin
59.2%
39.9%
Operating Margin
18.3%
18.7%
Net Margin
11.1%
17.0%
Revenue YoY
4.2%
37.3%
Net Profit YoY
620.3%
61.4%
EPS (diluted)
$0.67
$0.50

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
COCO
COCO
Q1 26
$281.1M
$179.8M
Q4 25
$295.3M
$127.8M
Q3 25
$281.1M
$182.3M
Q2 25
$282.0M
$168.8M
Q1 25
$269.9M
$130.9M
Q4 24
$302.1M
$127.3M
Q3 24
$286.6M
$132.9M
Q2 24
$287.3M
$144.1M
Net Profit
BLKB
BLKB
COCO
COCO
Q1 26
$31.1M
$30.5M
Q4 25
$36.7M
$5.5M
Q3 25
$47.5M
$24.0M
Q2 25
$26.5M
$22.9M
Q1 25
$4.3M
$18.9M
Q4 24
$-346.4M
$3.4M
Q3 24
$18.3M
$19.3M
Q2 24
$21.2M
$19.1M
Gross Margin
BLKB
BLKB
COCO
COCO
Q1 26
59.2%
39.9%
Q4 25
58.3%
34.9%
Q3 25
59.6%
37.7%
Q2 25
59.7%
36.3%
Q1 25
57.5%
36.7%
Q4 24
53.8%
32.5%
Q3 24
54.9%
38.8%
Q2 24
56.0%
40.8%
Operating Margin
BLKB
BLKB
COCO
COCO
Q1 26
18.3%
18.7%
Q4 25
20.0%
8.0%
Q3 25
19.4%
15.3%
Q2 25
20.3%
14.9%
Q1 25
7.3%
14.7%
Q4 24
-121.5%
3.4%
Q3 24
14.4%
15.5%
Q2 24
14.4%
20.8%
Net Margin
BLKB
BLKB
COCO
COCO
Q1 26
11.1%
17.0%
Q4 25
12.4%
4.3%
Q3 25
16.9%
13.2%
Q2 25
9.4%
13.6%
Q1 25
1.6%
14.4%
Q4 24
-114.6%
2.6%
Q3 24
6.4%
14.5%
Q2 24
7.4%
13.2%
EPS (diluted)
BLKB
BLKB
COCO
COCO
Q1 26
$0.67
$0.50
Q4 25
$0.75
$0.10
Q3 25
$0.98
$0.40
Q2 25
$0.55
$0.38
Q1 25
$0.09
$0.31
Q4 24
$-6.82
$0.06
Q3 24
$0.35
$0.32
Q2 24
$0.41
$0.32

Balance Sheet & Financial Strength

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

Metric
BLKB
BLKB
COCO
COCO
Cash + ST InvestmentsLiquidity on hand
$34.1M
$201.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$34.6M
$352.2M
Total Assets
$2.1B
$488.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLKB
BLKB
COCO
COCO
Q1 26
$34.1M
$201.9M
Q4 25
$38.9M
$196.9M
Q3 25
$38.3M
$203.7M
Q2 25
$41.6M
$167.0M
Q1 25
$37.2M
$153.6M
Q4 24
$67.6M
$164.7M
Q3 24
$34.6M
$156.7M
Q2 24
$30.4M
$150.1M
Total Debt
BLKB
BLKB
COCO
COCO
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
BLKB
BLKB
COCO
COCO
Q1 26
$34.6M
$352.2M
Q4 25
$85.1M
$331.5M
Q3 25
$108.2M
$323.7M
Q2 25
$72.7M
$296.9M
Q1 25
$17.5M
$277.9M
Q4 24
$126.8M
$258.8M
Q3 24
$544.8M
$252.1M
Q2 24
$577.5M
$232.0M
Total Assets
BLKB
BLKB
COCO
COCO
Q1 26
$2.1B
$488.3M
Q4 25
$2.4B
$461.2M
Q3 25
$2.1B
$461.3M
Q2 25
$2.6B
$421.1M
Q1 25
$2.1B
$384.0M
Q4 24
$2.5B
$362.4M
Q3 24
$2.6B
$353.1M
Q2 24
$3.0B
$323.0M
Debt / Equity
BLKB
BLKB
COCO
COCO
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
BLKB
BLKB
COCO
COCO
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
COCO
COCO
Q1 26
$51.5M
Q4 25
$58.0M
$-3.9M
Q3 25
$139.2M
$39.1M
Q2 25
$66.9M
$21.8M
Q1 25
$1.4M
$-9.8M
Q4 24
$73.6M
$6.9M
Q3 24
$104.0M
$9.3M
Q2 24
$53.1M
$26.9M
Free Cash Flow
BLKB
BLKB
COCO
COCO
Q1 26
$37.0M
Q4 25
$55.0M
$-7.1M
Q3 25
$135.7M
$35.6M
Q2 25
$66.3M
$20.9M
Q1 25
$712.0K
$-10.4M
Q4 24
$73.4M
$6.8M
Q3 24
$102.9M
$8.9M
Q2 24
$48.0M
$26.6M
FCF Margin
BLKB
BLKB
COCO
COCO
Q1 26
13.2%
Q4 25
18.6%
-5.6%
Q3 25
48.3%
19.6%
Q2 25
23.5%
12.4%
Q1 25
0.3%
-7.9%
Q4 24
24.3%
5.3%
Q3 24
35.9%
6.7%
Q2 24
16.7%
18.5%
Capex Intensity
BLKB
BLKB
COCO
COCO
Q1 26
Q4 25
1.0%
2.5%
Q3 25
1.2%
1.9%
Q2 25
0.2%
0.6%
Q1 25
0.3%
0.4%
Q4 24
0.1%
0.1%
Q3 24
0.4%
0.3%
Q2 24
1.8%
0.2%
Cash Conversion
BLKB
BLKB
COCO
COCO
Q1 26
1.65×
Q4 25
1.58×
-0.70×
Q3 25
2.93×
1.63×
Q2 25
2.53×
0.95×
Q1 25
0.32×
-0.52×
Q4 24
2.05×
Q3 24
5.69×
0.48×
Q2 24
2.50×
1.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLKB
BLKB

Segment breakdown not available.

COCO
COCO

Subtotal$148.2M82%
Private Label$24.4M14%
Other$7.2M4%

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