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

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $281.1M, roughly 1.2× BLACKBAUD INC). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 11.1%, a 17.1% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs 4.2%). Over the past eight quarters, FULTON FINANCIAL CORP's revenue compounded faster (0.2% 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.

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

BLKB vs FULT — Head-to-Head

Bigger by revenue
FULT
FULT
1.2× larger
FULT
$336.2M
$281.1M
BLKB
Growing faster (revenue YoY)
FULT
FULT
+0.0% gap
FULT
4.2%
4.2%
BLKB
Higher net margin
FULT
FULT
17.1% more per $
FULT
28.2%
11.1%
BLKB
Faster 2-yr revenue CAGR
FULT
FULT
Annualised
FULT
0.2%
-1.1%
BLKB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BLKB
BLKB
FULT
FULT
Revenue
$281.1M
$336.2M
Net Profit
$31.1M
$94.8M
Gross Margin
59.2%
Operating Margin
18.3%
Net Margin
11.1%
28.2%
Revenue YoY
4.2%
4.2%
Net Profit YoY
620.3%
1.9%
EPS (diluted)
$0.67
$0.55

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
FULT
FULT
Q1 26
$281.1M
$336.2M
Q4 25
$295.3M
$336.0M
Q3 25
$281.1M
$334.6M
Q2 25
$282.0M
$324.1M
Q1 25
$269.9M
$318.4M
Q4 24
$302.1M
$319.6M
Q3 24
$286.6M
$317.7M
Q2 24
$287.3M
$334.7M
Net Profit
BLKB
BLKB
FULT
FULT
Q1 26
$31.1M
$94.8M
Q4 25
$36.7M
$99.0M
Q3 25
$47.5M
$100.5M
Q2 25
$26.5M
$99.2M
Q1 25
$4.3M
$93.0M
Q4 24
$-346.4M
$68.6M
Q3 24
$18.3M
$63.2M
Q2 24
$21.2M
$95.0M
Gross Margin
BLKB
BLKB
FULT
FULT
Q1 26
59.2%
Q4 25
58.3%
Q3 25
59.6%
Q2 25
59.7%
Q1 25
57.5%
Q4 24
53.8%
Q3 24
54.9%
Q2 24
56.0%
Operating Margin
BLKB
BLKB
FULT
FULT
Q1 26
18.3%
Q4 25
20.0%
35.7%
Q3 25
19.4%
38.2%
Q2 25
20.3%
37.8%
Q1 25
7.3%
36.1%
Q4 24
-121.5%
27.0%
Q3 24
14.4%
25.1%
Q2 24
14.4%
30.8%
Net Margin
BLKB
BLKB
FULT
FULT
Q1 26
11.1%
28.2%
Q4 25
12.4%
29.5%
Q3 25
16.9%
30.0%
Q2 25
9.4%
30.6%
Q1 25
1.6%
29.2%
Q4 24
-114.6%
21.5%
Q3 24
6.4%
19.9%
Q2 24
7.4%
28.4%
EPS (diluted)
BLKB
BLKB
FULT
FULT
Q1 26
$0.67
$0.55
Q4 25
$0.75
$0.53
Q3 25
$0.98
$0.53
Q2 25
$0.55
$0.53
Q1 25
$0.09
$0.49
Q4 24
$-6.82
$0.36
Q3 24
$0.35
$0.33
Q2 24
$0.41
$0.52

Balance Sheet & Financial Strength

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

Metric
BLKB
BLKB
FULT
FULT
Cash + ST InvestmentsLiquidity on hand
$34.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$34.6M
$3.5B
Total Assets
$2.1B
$32.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLKB
BLKB
FULT
FULT
Q1 26
$34.1M
Q4 25
$38.9M
Q3 25
$38.3M
Q2 25
$41.6M
Q1 25
$37.2M
Q4 24
$67.6M
Q3 24
$34.6M
Q2 24
$30.4M
Total Debt
BLKB
BLKB
FULT
FULT
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
FULT
FULT
Q1 26
$34.6M
$3.5B
Q4 25
$85.1M
$3.5B
Q3 25
$108.2M
$3.4B
Q2 25
$72.7M
$3.3B
Q1 25
$17.5M
$3.3B
Q4 24
$126.8M
$3.2B
Q3 24
$544.8M
$3.2B
Q2 24
$577.5M
$3.1B
Total Assets
BLKB
BLKB
FULT
FULT
Q1 26
$2.1B
$32.2B
Q4 25
$2.4B
$32.1B
Q3 25
$2.1B
$32.0B
Q2 25
$2.6B
$32.0B
Q1 25
$2.1B
$32.1B
Q4 24
$2.5B
$32.1B
Q3 24
$2.6B
$32.2B
Q2 24
$3.0B
$31.8B
Debt / Equity
BLKB
BLKB
FULT
FULT
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
FULT
FULT
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
FULT
FULT
Q1 26
$51.5M
Q4 25
$58.0M
$304.5M
Q3 25
$139.2M
$116.1M
Q2 25
$66.9M
$91.7M
Q1 25
$1.4M
$703.0K
Q4 24
$73.6M
$416.6M
Q3 24
$104.0M
$-22.0M
Q2 24
$53.1M
$157.8M
Free Cash Flow
BLKB
BLKB
FULT
FULT
Q1 26
$37.0M
Q4 25
$55.0M
Q3 25
$135.7M
Q2 25
$66.3M
Q1 25
$712.0K
Q4 24
$73.4M
Q3 24
$102.9M
Q2 24
$48.0M
FCF Margin
BLKB
BLKB
FULT
FULT
Q1 26
13.2%
Q4 25
18.6%
Q3 25
48.3%
Q2 25
23.5%
Q1 25
0.3%
Q4 24
24.3%
Q3 24
35.9%
Q2 24
16.7%
Capex Intensity
BLKB
BLKB
FULT
FULT
Q1 26
Q4 25
1.0%
Q3 25
1.2%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.4%
Q2 24
1.8%
Cash Conversion
BLKB
BLKB
FULT
FULT
Q1 26
1.65×
Q4 25
1.58×
3.08×
Q3 25
2.93×
1.16×
Q2 25
2.53×
0.92×
Q1 25
0.32×
0.01×
Q4 24
6.07×
Q3 24
5.69×
-0.35×
Q2 24
2.50×
1.66×

Financial Flow Comparison

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

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