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Side-by-side financial comparison of BLACKBAUD INC (BLKB) and MILLER INDUSTRIES INC (MLR). Click either name above to swap in a different company.
BLACKBAUD INC is the larger business by last-quarter revenue ($295.3M vs $171.9M, roughly 1.7× MILLER INDUSTRIES INC). On growth, BLACKBAUD INC posted the faster year-over-year revenue change (-2.3% vs -22.5%). BLACKBAUD INC produced more free cash flow last quarter ($55.0M vs $43.8M). Over the past eight quarters, BLACKBAUD INC's revenue compounded faster (3.0% CAGR vs -29.9%).
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.
Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...
BLKB vs MLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $295.3M | $171.9M |
| Net Profit | $36.7M | — |
| Gross Margin | 58.3% | 15.4% |
| Operating Margin | 20.0% | 2.9% |
| Net Margin | 12.4% | — |
| Revenue YoY | -2.3% | -22.5% |
| Net Profit YoY | 110.6% | — |
| EPS (diluted) | $0.75 | $0.29 |
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.
| Q4 25 | $295.3M | $171.9M | ||
| Q3 25 | $281.1M | $178.7M | ||
| Q2 25 | $282.0M | $214.0M | ||
| Q1 25 | $269.9M | $225.7M | ||
| Q4 24 | $302.1M | $221.9M | ||
| Q3 24 | $286.6M | $314.3M | ||
| Q2 24 | $287.3M | $371.5M | ||
| Q1 24 | $278.6M | $349.9M |
| Q4 25 | $36.7M | — | ||
| Q3 25 | $47.5M | $3.1M | ||
| Q2 25 | $26.5M | $8.5M | ||
| Q1 25 | $4.3M | $8.1M | ||
| Q4 24 | $-346.4M | — | ||
| Q3 24 | $18.3M | $15.4M | ||
| Q2 24 | $21.2M | $20.5M | ||
| Q1 24 | $7.3M | $17.0M |
| Q4 25 | 58.3% | 15.4% | ||
| Q3 25 | 59.6% | 14.2% | ||
| Q2 25 | 59.7% | 16.2% | ||
| Q1 25 | 57.5% | 15.0% | ||
| Q4 24 | 53.8% | 15.1% | ||
| Q3 24 | 54.9% | 13.4% | ||
| Q2 24 | 56.0% | 13.8% | ||
| Q1 24 | 54.1% | 12.6% |
| Q4 25 | 20.0% | 2.9% | ||
| Q3 25 | 19.4% | 2.4% | ||
| Q2 25 | 20.3% | 5.3% | ||
| Q1 25 | 7.3% | 4.8% | ||
| Q4 24 | -121.5% | 5.7% | ||
| Q3 24 | 14.4% | 6.3% | ||
| Q2 24 | 14.4% | 7.1% | ||
| Q1 24 | 4.8% | 6.1% |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.9% | 1.7% | ||
| Q2 25 | 9.4% | 4.0% | ||
| Q1 25 | 1.6% | 3.6% | ||
| Q4 24 | -114.6% | — | ||
| Q3 24 | 6.4% | 4.9% | ||
| Q2 24 | 7.4% | 5.5% | ||
| Q1 24 | 2.6% | 4.9% |
| Q4 25 | $0.75 | $0.29 | ||
| Q3 25 | $0.98 | $0.27 | ||
| Q2 25 | $0.55 | $0.73 | ||
| Q1 25 | $0.09 | $0.69 | ||
| Q4 24 | $-6.82 | $0.89 | ||
| Q3 24 | $0.35 | $1.33 | ||
| Q2 24 | $0.41 | $1.78 | ||
| Q1 24 | $0.14 | $1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $38.9M | — |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $85.1M | $420.6M |
| Total Assets | $2.4B | $589.7M |
| Debt / EquityLower = less leverage | 13.06× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — | ||
| Q1 24 | $26.4M | — |
| Q4 25 | $1.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | — | — |
| Q4 25 | $85.1M | $420.6M | ||
| Q3 25 | $108.2M | $420.7M | ||
| Q2 25 | $72.7M | $418.6M | ||
| Q1 25 | $17.5M | $406.5M | ||
| Q4 24 | $126.8M | $401.0M | ||
| Q3 24 | $544.8M | $395.2M | ||
| Q2 24 | $577.5M | $379.9M | ||
| Q1 24 | $534.0M | $362.4M |
| Q4 25 | $2.4B | $589.7M | ||
| Q3 25 | $2.1B | $604.3M | ||
| Q2 25 | $2.6B | $622.9M | ||
| Q1 25 | $2.1B | $639.7M | ||
| Q4 24 | $2.5B | $667.0M | ||
| Q3 24 | $2.6B | $755.3M | ||
| Q2 24 | $3.0B | $748.2M | ||
| Q1 24 | $2.5B | $696.5M |
| Q4 25 | 13.06× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.50× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 1.78× | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $58.0M | $48.9M |
| Free Cash FlowOCF − Capex | $55.0M | $43.8M |
| FCF MarginFCF / Revenue | 18.6% | 25.5% |
| Capex IntensityCapex / Revenue | 1.0% | 3.0% |
| Cash ConversionOCF / Net Profit | 1.58× | — |
| TTM Free Cash FlowTrailing 4 quarters | $257.8M | $85.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $58.0M | $48.9M | ||
| Q3 25 | $139.2M | $19.9M | ||
| Q2 25 | $66.9M | $27.2M | ||
| Q1 25 | $1.4M | $2.7M | ||
| Q4 24 | $73.6M | $-11.7M | ||
| Q3 24 | $104.0M | $30.3M | ||
| Q2 24 | $53.1M | $-10.7M | ||
| Q1 24 | $65.3M | $9.0M |
| Q4 25 | $55.0M | $43.8M | ||
| Q3 25 | $135.7M | $18.1M | ||
| Q2 25 | $66.3M | $25.6M | ||
| Q1 25 | $712.0K | $-2.4M | ||
| Q4 24 | $73.4M | $-13.0M | ||
| Q3 24 | $102.9M | $24.0M | ||
| Q2 24 | $48.0M | $-13.8M | ||
| Q1 24 | $64.3M | $4.3M |
| Q4 25 | 18.6% | 25.5% | ||
| Q3 25 | 48.3% | 10.1% | ||
| Q2 25 | 23.5% | 11.9% | ||
| Q1 25 | 0.3% | -1.1% | ||
| Q4 24 | 24.3% | -5.9% | ||
| Q3 24 | 35.9% | 7.6% | ||
| Q2 24 | 16.7% | -3.7% | ||
| Q1 24 | 23.1% | 1.2% |
| Q4 25 | 1.0% | 3.0% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 0.2% | 0.8% | ||
| Q1 25 | 0.3% | 2.3% | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 1.8% | 0.8% | ||
| Q1 24 | 0.4% | 1.3% |
| Q4 25 | 1.58× | — | ||
| Q3 25 | 2.93× | 6.46× | ||
| Q2 25 | 2.53× | 3.22× | ||
| Q1 25 | 0.32× | 0.34× | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.69× | 1.96× | ||
| Q2 24 | 2.50× | -0.52× | ||
| Q1 24 | 8.94× | 0.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLKB
| Contractual Recurring | $182.7M | 62% |
| Transactional Recurring | $108.0M | 37% |
| One Time Services And Other | $4.5M | 2% |
MLR
Segment breakdown not available.
