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Side-by-side financial comparison of BLACKBAUD INC (BLKB) and Delek Logistics Partners, LP (DKL). Click either name above to swap in a different company.

BLACKBAUD INC is the larger business by last-quarter revenue ($281.1M vs $154.7M, roughly 1.8× Delek Logistics Partners, LP). Delek Logistics Partners, LP runs the higher net margin — 20.9% vs 11.1%, a 9.8% gap on every dollar of revenue. On growth, Delek Logistics Partners, LP posted the faster year-over-year revenue change (518.9% vs 4.2%). Over the past eight quarters, BLACKBAUD INC's revenue compounded faster (-1.1% CAGR vs -23.5%).

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.

Delek Logistics Partners, LP is a U.S.-based midstream energy logistics enterprise that offers storage, transportation, and distribution services for crude oil, refined petroleum products, and renewable fuels. It mainly serves downstream energy operators, retail fuel networks and industrial clients across the U.S. Gulf Coast and Southeast regions.

BLKB vs DKL — Head-to-Head

Bigger by revenue
BLKB
BLKB
1.8× larger
BLKB
$281.1M
$154.7M
DKL
Growing faster (revenue YoY)
DKL
DKL
+514.7% gap
DKL
518.9%
4.2%
BLKB
Higher net margin
DKL
DKL
9.8% more per $
DKL
20.9%
11.1%
BLKB
Faster 2-yr revenue CAGR
BLKB
BLKB
Annualised
BLKB
-1.1%
-23.5%
DKL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BLKB
BLKB
DKL
DKL
Revenue
$281.1M
$154.7M
Net Profit
$31.1M
$32.4M
Gross Margin
59.2%
-62.0%
Operating Margin
18.3%
25.9%
Net Margin
11.1%
20.9%
Revenue YoY
4.2%
518.9%
Net Profit YoY
620.3%
EPS (diluted)
$0.67
$0.60

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
DKL
DKL
Q1 26
$281.1M
$154.7M
Q4 25
$295.3M
$255.8M
Q3 25
$281.1M
$261.3M
Q2 25
$282.0M
$246.3M
Q1 25
$269.9M
$249.9M
Q4 24
$302.1M
$209.9M
Q3 24
$286.6M
$214.1M
Q2 24
$287.3M
$264.6M
Net Profit
BLKB
BLKB
DKL
DKL
Q1 26
$31.1M
$32.4M
Q4 25
$36.7M
$47.3M
Q3 25
$47.5M
$45.6M
Q2 25
$26.5M
$44.6M
Q1 25
$4.3M
$39.0M
Q4 24
$-346.4M
$35.3M
Q3 24
$18.3M
$33.7M
Q2 24
$21.2M
$41.1M
Gross Margin
BLKB
BLKB
DKL
DKL
Q1 26
59.2%
-62.0%
Q4 25
58.3%
17.2%
Q3 25
59.6%
20.6%
Q2 25
59.7%
25.8%
Q1 25
57.5%
21.5%
Q4 24
53.8%
23.4%
Q3 24
54.9%
22.8%
Q2 24
56.0%
28.1%
Operating Margin
BLKB
BLKB
DKL
DKL
Q1 26
18.3%
25.9%
Q4 25
20.0%
14.2%
Q3 25
19.4%
17.4%
Q2 25
20.3%
21.3%
Q1 25
7.3%
19.0%
Q4 24
-121.5%
18.1%
Q3 24
14.4%
14.9%
Q2 24
14.4%
25.9%
Net Margin
BLKB
BLKB
DKL
DKL
Q1 26
11.1%
20.9%
Q4 25
12.4%
18.5%
Q3 25
16.9%
17.4%
Q2 25
9.4%
18.1%
Q1 25
1.6%
15.6%
Q4 24
-114.6%
16.8%
Q3 24
6.4%
15.7%
Q2 24
7.4%
15.5%
EPS (diluted)
BLKB
BLKB
DKL
DKL
Q1 26
$0.67
$0.60
Q4 25
$0.75
Q3 25
$0.98
Q2 25
$0.55
Q1 25
$0.09
Q4 24
$-6.82
Q3 24
$0.35
Q2 24
$0.41

Balance Sheet & Financial Strength

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

Metric
BLKB
BLKB
DKL
DKL
Cash + ST InvestmentsLiquidity on hand
$34.1M
$9.9M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$34.6M
Total Assets
$2.1B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLKB
BLKB
DKL
DKL
Q1 26
$34.1M
$9.9M
Q4 25
$38.9M
$10.9M
Q3 25
$38.3M
$6.9M
Q2 25
$41.6M
$1.4M
Q1 25
$37.2M
$2.1M
Q4 24
$67.6M
$5.4M
Q3 24
$34.6M
$7.3M
Q2 24
$30.4M
$5.1M
Total Debt
BLKB
BLKB
DKL
DKL
Q1 26
$2.3B
Q4 25
$1.1B
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$1.1B
$1.9B
Q3 24
$1.0B
$1.9B
Q2 24
$1.0B
$1.6B
Stockholders' Equity
BLKB
BLKB
DKL
DKL
Q1 26
$34.6M
Q4 25
$85.1M
Q3 25
$108.2M
Q2 25
$72.7M
Q1 25
$17.5M
Q4 24
$126.8M
Q3 24
$544.8M
Q2 24
$577.5M
Total Assets
BLKB
BLKB
DKL
DKL
Q1 26
$2.1B
$2.9B
Q4 25
$2.4B
$2.8B
Q3 25
$2.1B
$2.7B
Q2 25
$2.6B
$2.8B
Q1 25
$2.1B
$2.4B
Q4 24
$2.5B
$2.0B
Q3 24
$2.6B
$2.0B
Q2 24
$3.0B
$1.6B
Debt / Equity
BLKB
BLKB
DKL
DKL
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
DKL
DKL
Operating Cash FlowLast quarter
$51.5M
$170.4M
Free Cash FlowOCF − Capex
$37.0M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
1.65×
5.27×
TTM Free Cash FlowTrailing 4 quarters
$294.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLKB
BLKB
DKL
DKL
Q1 26
$51.5M
$170.4M
Q4 25
$58.0M
$43.2M
Q3 25
$139.2M
$54.9M
Q2 25
$66.9M
$107.4M
Q1 25
$1.4M
$31.6M
Q4 24
$73.6M
$49.9M
Q3 24
$104.0M
$24.9M
Q2 24
$53.1M
$87.6M
Free Cash Flow
BLKB
BLKB
DKL
DKL
Q1 26
$37.0M
Q4 25
$55.0M
$12.6M
Q3 25
$135.7M
$-12.3M
Q2 25
$66.3M
$-7.1M
Q1 25
$712.0K
$-23.9M
Q4 24
$73.4M
$3.9M
Q3 24
$102.9M
$-31.7M
Q2 24
$48.0M
$72.5M
FCF Margin
BLKB
BLKB
DKL
DKL
Q1 26
13.2%
Q4 25
18.6%
4.9%
Q3 25
48.3%
-4.7%
Q2 25
23.5%
-2.9%
Q1 25
0.3%
-9.6%
Q4 24
24.3%
1.8%
Q3 24
35.9%
-14.8%
Q2 24
16.7%
27.4%
Capex Intensity
BLKB
BLKB
DKL
DKL
Q1 26
5.4%
Q4 25
1.0%
12.0%
Q3 25
1.2%
25.7%
Q2 25
0.2%
46.5%
Q1 25
0.3%
22.2%
Q4 24
0.1%
21.9%
Q3 24
0.4%
26.4%
Q2 24
1.8%
5.7%
Cash Conversion
BLKB
BLKB
DKL
DKL
Q1 26
1.65×
5.27×
Q4 25
1.58×
0.91×
Q3 25
2.93×
1.21×
Q2 25
2.53×
2.41×
Q1 25
0.32×
0.81×
Q4 24
1.41×
Q3 24
5.69×
0.74×
Q2 24
2.50×
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLKB
BLKB

Segment breakdown not available.

DKL
DKL

Third party$105.4M68%
Affiliate$49.2M32%

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