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Side-by-side financial comparison of BLACKBAUD INC (BLKB) and ORMAT TECHNOLOGIES, INC. (ORA). Click either name above to swap in a different company.

BLACKBAUD INC is the larger business by last-quarter revenue ($281.1M vs $276.0M, roughly 1.0× ORMAT TECHNOLOGIES, INC.). ORMAT TECHNOLOGIES, INC. runs the higher net margin — 11.4% vs 11.1%, a 0.3% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 4.2%). BLACKBAUD INC produced more free cash flow last quarter ($37.0M vs $-40.0M). Over the past eight quarters, ORMAT TECHNOLOGIES, INC.'s revenue compounded faster (11.0% 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.

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also includ...

BLKB vs ORA — Head-to-Head

Bigger by revenue
BLKB
BLKB
1.0× larger
BLKB
$281.1M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+15.5% gap
ORA
19.6%
4.2%
BLKB
Higher net margin
ORA
ORA
0.3% more per $
ORA
11.4%
11.1%
BLKB
More free cash flow
BLKB
BLKB
$77.0M more FCF
BLKB
$37.0M
$-40.0M
ORA
Faster 2-yr revenue CAGR
ORA
ORA
Annualised
ORA
11.0%
-1.1%
BLKB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BLKB
BLKB
ORA
ORA
Revenue
$281.1M
$276.0M
Net Profit
$31.1M
$31.4M
Gross Margin
59.2%
28.6%
Operating Margin
18.3%
15.4%
Net Margin
11.1%
11.4%
Revenue YoY
4.2%
19.6%
Net Profit YoY
620.3%
-23.2%
EPS (diluted)
$0.67
$0.51

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
ORA
ORA
Q1 26
$281.1M
Q4 25
$295.3M
$276.0M
Q3 25
$281.1M
$249.7M
Q2 25
$282.0M
$234.0M
Q1 25
$269.9M
$229.8M
Q4 24
$302.1M
$230.7M
Q3 24
$286.6M
$211.8M
Q2 24
$287.3M
$213.0M
Net Profit
BLKB
BLKB
ORA
ORA
Q1 26
$31.1M
Q4 25
$36.7M
$31.4M
Q3 25
$47.5M
$24.1M
Q2 25
$26.5M
$28.0M
Q1 25
$4.3M
$40.4M
Q4 24
$-346.4M
$40.8M
Q3 24
$18.3M
$22.1M
Q2 24
$21.2M
$22.2M
Gross Margin
BLKB
BLKB
ORA
ORA
Q1 26
59.2%
Q4 25
58.3%
28.6%
Q3 25
59.6%
25.6%
Q2 25
59.7%
24.3%
Q1 25
57.5%
31.7%
Q4 24
53.8%
31.9%
Q3 24
54.9%
27.8%
Q2 24
56.0%
28.8%
Operating Margin
BLKB
BLKB
ORA
ORA
Q1 26
18.3%
Q4 25
20.0%
15.4%
Q3 25
19.4%
16.2%
Q2 25
20.3%
15.1%
Q1 25
7.3%
22.2%
Q4 24
-121.5%
21.3%
Q3 24
14.4%
16.8%
Q2 24
14.4%
16.5%
Net Margin
BLKB
BLKB
ORA
ORA
Q1 26
11.1%
Q4 25
12.4%
11.4%
Q3 25
16.9%
9.7%
Q2 25
9.4%
12.0%
Q1 25
1.6%
17.6%
Q4 24
-114.6%
17.7%
Q3 24
6.4%
10.4%
Q2 24
7.4%
10.4%
EPS (diluted)
BLKB
BLKB
ORA
ORA
Q1 26
$0.67
Q4 25
$0.75
$0.51
Q3 25
$0.98
$0.39
Q2 25
$0.55
$0.46
Q1 25
$0.09
$0.66
Q4 24
$-6.82
$0.67
Q3 24
$0.35
$0.36
Q2 24
$0.41
$0.37

Balance Sheet & Financial Strength

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

Metric
BLKB
BLKB
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$34.1M
$147.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$34.6M
$2.5B
Total Assets
$2.1B
$6.2B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLKB
BLKB
ORA
ORA
Q1 26
$34.1M
Q4 25
$38.9M
$147.4M
Q3 25
$38.3M
$79.6M
Q2 25
$41.6M
$88.5M
Q1 25
$37.2M
$112.7M
Q4 24
$67.6M
$94.4M
Q3 24
$34.6M
$88.1M
Q2 24
$30.4M
$66.3M
Total Debt
BLKB
BLKB
ORA
ORA
Q1 26
Q4 25
$1.1B
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
$2.3B
Q3 24
$1.0B
Q2 24
$1.0B
Stockholders' Equity
BLKB
BLKB
ORA
ORA
Q1 26
$34.6M
Q4 25
$85.1M
$2.5B
Q3 25
$108.2M
$2.5B
Q2 25
$72.7M
$2.5B
Q1 25
$17.5M
$2.5B
Q4 24
$126.8M
$2.4B
Q3 24
$544.8M
$2.4B
Q2 24
$577.5M
$2.4B
Total Assets
BLKB
BLKB
ORA
ORA
Q1 26
$2.1B
Q4 25
$2.4B
$6.2B
Q3 25
$2.1B
$6.1B
Q2 25
$2.6B
$6.0B
Q1 25
$2.1B
$5.8B
Q4 24
$2.5B
$5.7B
Q3 24
$2.6B
$5.6B
Q2 24
$3.0B
$5.5B
Debt / Equity
BLKB
BLKB
ORA
ORA
Q1 26
Q4 25
13.06×
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
8.50×
0.97×
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
ORA
ORA
Operating Cash FlowLast quarter
$51.5M
$105.0M
Free Cash FlowOCF − Capex
$37.0M
$-40.0M
FCF MarginFCF / Revenue
13.2%
-14.5%
Capex IntensityCapex / Revenue
52.6%
Cash ConversionOCF / Net Profit
1.65×
3.35×
TTM Free Cash FlowTrailing 4 quarters
$294.1M
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLKB
BLKB
ORA
ORA
Q1 26
$51.5M
Q4 25
$58.0M
$105.0M
Q3 25
$139.2M
$45.2M
Q2 25
$66.9M
$96.9M
Q1 25
$1.4M
$88.0M
Q4 24
$73.6M
$158.6M
Q3 24
$104.0M
$106.4M
Q2 24
$53.1M
$30.7M
Free Cash Flow
BLKB
BLKB
ORA
ORA
Q1 26
$37.0M
Q4 25
$55.0M
$-40.0M
Q3 25
$135.7M
$-102.1M
Q2 25
$66.3M
$-37.9M
Q1 25
$712.0K
$-104.6M
Q4 24
$73.4M
$30.9M
Q3 24
$102.9M
$-3.3M
Q2 24
$48.0M
$-116.1M
FCF Margin
BLKB
BLKB
ORA
ORA
Q1 26
13.2%
Q4 25
18.6%
-14.5%
Q3 25
48.3%
-40.9%
Q2 25
23.5%
-16.2%
Q1 25
0.3%
-45.5%
Q4 24
24.3%
13.4%
Q3 24
35.9%
-1.6%
Q2 24
16.7%
-54.5%
Capex Intensity
BLKB
BLKB
ORA
ORA
Q1 26
Q4 25
1.0%
52.6%
Q3 25
1.2%
59.0%
Q2 25
0.2%
57.6%
Q1 25
0.3%
83.8%
Q4 24
0.1%
55.4%
Q3 24
0.4%
51.8%
Q2 24
1.8%
69.0%
Cash Conversion
BLKB
BLKB
ORA
ORA
Q1 26
1.65×
Q4 25
1.58×
3.35×
Q3 25
2.93×
1.87×
Q2 25
2.53×
3.45×
Q1 25
0.32×
2.18×
Q4 24
3.89×
Q3 24
5.69×
4.82×
Q2 24
2.50×
1.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLKB
BLKB

Segment breakdown not available.

ORA
ORA

Electricity$186.6M68%
Products$63.1M23%
Energy Storage Segment$26.3M10%
Product Segment$1.2M0%

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