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

OPPENHEIMER HOLDINGS INC is the larger business by last-quarter revenue ($472.6M vs $281.1M, roughly 1.7× BLACKBAUD INC). OPPENHEIMER HOLDINGS INC runs the higher net margin — 15.7% vs 11.1%, a 4.7% gap on every dollar of revenue. On growth, OPPENHEIMER HOLDINGS INC posted the faster year-over-year revenue change (25.9% vs 4.2%). OPPENHEIMER HOLDINGS INC produced more free cash flow last quarter ($183.6M vs $37.0M). Over the past eight quarters, OPPENHEIMER HOLDINGS INC's revenue compounded faster (15.7% 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.

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.

BLKB vs OPY — Head-to-Head

Bigger by revenue
OPY
OPY
1.7× larger
OPY
$472.6M
$281.1M
BLKB
Growing faster (revenue YoY)
OPY
OPY
+21.7% gap
OPY
25.9%
4.2%
BLKB
Higher net margin
OPY
OPY
4.7% more per $
OPY
15.7%
11.1%
BLKB
More free cash flow
OPY
OPY
$146.6M more FCF
OPY
$183.6M
$37.0M
BLKB
Faster 2-yr revenue CAGR
OPY
OPY
Annualised
OPY
15.7%
-1.1%
BLKB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BLKB
BLKB
OPY
OPY
Revenue
$281.1M
$472.6M
Net Profit
$31.1M
$74.4M
Gross Margin
59.2%
Operating Margin
18.3%
22.4%
Net Margin
11.1%
15.7%
Revenue YoY
4.2%
25.9%
Net Profit YoY
620.3%
593.1%
EPS (diluted)
$0.67
$6.51

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
OPY
OPY
Q1 26
$281.1M
Q4 25
$295.3M
$472.6M
Q3 25
$281.1M
$424.4M
Q2 25
$282.0M
$373.2M
Q1 25
$269.9M
$367.8M
Q4 24
$302.1M
$375.4M
Q3 24
$286.6M
$373.4M
Q2 24
$287.3M
$330.6M
Net Profit
BLKB
BLKB
OPY
OPY
Q1 26
$31.1M
Q4 25
$36.7M
$74.4M
Q3 25
$47.5M
$21.7M
Q2 25
$26.5M
$21.7M
Q1 25
$4.3M
$30.7M
Q4 24
$-346.4M
$10.7M
Q3 24
$18.3M
$24.5M
Q2 24
$21.2M
$10.3M
Gross Margin
BLKB
BLKB
OPY
OPY
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
OPY
OPY
Q1 26
18.3%
Q4 25
20.0%
22.4%
Q3 25
19.4%
7.5%
Q2 25
20.3%
8.6%
Q1 25
7.3%
11.2%
Q4 24
-121.5%
4.5%
Q3 24
14.4%
9.5%
Q2 24
14.4%
4.8%
Net Margin
BLKB
BLKB
OPY
OPY
Q1 26
11.1%
Q4 25
12.4%
15.7%
Q3 25
16.9%
5.1%
Q2 25
9.4%
5.8%
Q1 25
1.6%
8.3%
Q4 24
-114.6%
2.9%
Q3 24
6.4%
6.6%
Q2 24
7.4%
3.1%
EPS (diluted)
BLKB
BLKB
OPY
OPY
Q1 26
$0.67
Q4 25
$0.75
$6.51
Q3 25
$0.98
$1.90
Q2 25
$0.55
$1.91
Q1 25
$0.09
$2.72
Q4 24
$-6.82
$0.92
Q3 24
$0.35
$2.16
Q2 24
$0.41
$0.92

Balance Sheet & Financial Strength

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

Metric
BLKB
BLKB
OPY
OPY
Cash + ST InvestmentsLiquidity on hand
$34.1M
$38.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$34.6M
$983.8M
Total Assets
$2.1B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLKB
BLKB
OPY
OPY
Q1 26
$34.1M
Q4 25
$38.9M
$38.4M
Q3 25
$38.3M
$38.3M
Q2 25
$41.6M
$37.6M
Q1 25
$37.2M
$36.7M
Q4 24
$67.6M
$33.1M
Q3 24
$34.6M
$32.2M
Q2 24
$30.4M
$33.2M
Total Debt
BLKB
BLKB
OPY
OPY
Q1 26
Q4 25
$1.1B
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
$0
Q3 24
$1.0B
$112.8M
Q2 24
$1.0B
$112.8M
Stockholders' Equity
BLKB
BLKB
OPY
OPY
Q1 26
$34.6M
Q4 25
$85.1M
$983.8M
Q3 25
$108.2M
$920.3M
Q2 25
$72.7M
$896.9M
Q1 25
$17.5M
$872.3M
Q4 24
$126.8M
$850.4M
Q3 24
$544.8M
$837.8M
Q2 24
$577.5M
$812.1M
Total Assets
BLKB
BLKB
OPY
OPY
Q1 26
$2.1B
Q4 25
$2.4B
$3.7B
Q3 25
$2.1B
$3.8B
Q2 25
$2.6B
$3.7B
Q1 25
$2.1B
$3.6B
Q4 24
$2.5B
$3.4B
Q3 24
$2.6B
$3.4B
Q2 24
$3.0B
$3.3B
Debt / Equity
BLKB
BLKB
OPY
OPY
Q1 26
Q4 25
13.06×
Q3 25
Q2 25
Q1 25
Q4 24
8.50×
0.00×
Q3 24
1.84×
0.13×
Q2 24
1.78×
0.14×

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
OPY
OPY
Operating Cash FlowLast quarter
$51.5M
$188.8M
Free Cash FlowOCF − Capex
$37.0M
$183.6M
FCF MarginFCF / Revenue
13.2%
38.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
1.65×
2.54×
TTM Free Cash FlowTrailing 4 quarters
$294.1M
$191.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLKB
BLKB
OPY
OPY
Q1 26
$51.5M
Q4 25
$58.0M
$188.8M
Q3 25
$139.2M
$63.4M
Q2 25
$66.9M
$40.1M
Q1 25
$1.4M
$-91.7M
Q4 24
$73.6M
$-108.2M
Q3 24
$104.0M
$11.4M
Q2 24
$53.1M
$-115.3M
Free Cash Flow
BLKB
BLKB
OPY
OPY
Q1 26
$37.0M
Q4 25
$55.0M
$183.6M
Q3 25
$135.7M
$62.2M
Q2 25
$66.3M
$38.9M
Q1 25
$712.0K
$-93.4M
Q4 24
$73.4M
$-113.3M
Q3 24
$102.9M
$11.2M
Q2 24
$48.0M
$-116.7M
FCF Margin
BLKB
BLKB
OPY
OPY
Q1 26
13.2%
Q4 25
18.6%
38.8%
Q3 25
48.3%
14.7%
Q2 25
23.5%
10.4%
Q1 25
0.3%
-25.4%
Q4 24
24.3%
-30.2%
Q3 24
35.9%
3.0%
Q2 24
16.7%
-35.3%
Capex Intensity
BLKB
BLKB
OPY
OPY
Q1 26
Q4 25
1.0%
1.1%
Q3 25
1.2%
0.3%
Q2 25
0.2%
0.3%
Q1 25
0.3%
0.5%
Q4 24
0.1%
1.4%
Q3 24
0.4%
0.1%
Q2 24
1.8%
0.4%
Cash Conversion
BLKB
BLKB
OPY
OPY
Q1 26
1.65×
Q4 25
1.58×
2.54×
Q3 25
2.93×
2.92×
Q2 25
2.53×
1.85×
Q1 25
0.32×
-2.99×
Q4 24
-10.08×
Q3 24
5.69×
0.47×
Q2 24
2.50×
-11.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLKB
BLKB

Segment breakdown not available.

OPY
OPY

Advisory Fees$166.6M35%
Capital Markets Segment$155.5M33%
Other$57.2M12%
Commissions From Sales And Trading$52.9M11%
Bank Deposit Sweep Income$27.7M6%
Mutual Fund Income$8.9M2%
Investment Banking Capital Markets$3.3M1%

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