BLKB vs SAP vs CXM Stock Comparison

Blackbaud, Sap Se and Sprinklr Prices as of Oct 29, 2026 Peers: Industry group
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BLKB Blackbaud Inc
$52.71 +27.2% 1M -22.4% 1Y
Market cap
$2.36B
P/E
15.8x
Revenue (TTM)
$1.16B
Div. yield
–
CRM and Sales Software Technology
3 wins
SAP Sap Se
$233.99 +11.0% 1M -9.9% 1Y
Market cap
$274.39B
P/E
28.8x
Revenue (TTM)
$45.76B
Div. yield
–
ERP Software Technology
8 wins
CXM Sprinklr, Inc.
$6.82 +41.5% 1M -10.3% 1Y
Market cap
$1.61B
P/E
69.5x
Revenue (TTM)
$872.88M
Div. yield
–
CRM and Sales Software Technology

Head to Head

11 decided of 12

Sap Se leads on 8 of the 12 questions below (Sap Se 8, Blackbaud 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLKBSAPCXMLeader
Larger companyMarket capitalisation $2.36B $274.39B $1.61B SAP
Cheaper on earningsLower P/E, profitable companies only 15.8x 28.8x 69.5x BLKB
Cheaper on forward earningsLower price / next fiscal year consensus EPS 10.7x 27.5x 13.9x BLKB
Faster revenue growthRevenue growth, trailing twelve months +2.2% +13.5% +6.3% SAP
More profitableNet margin, trailing twelve months 12.9% 20.8% 2.7% SAP
Better return on capitalReturn on invested capital 16.5% 35.6% — SAP
Less leveragedLower net debt / EBITDA 3.2x -0.4x — SAP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -22.4% -9.9% -10.3% SAP
Better 5-year returnAnnualised price return, 5 years -5.8%/yr +10.1%/yr -18.8%/yr SAP
Less volatileAnnualised volatility, 1 year 49.0% 39.1% 44.7% SAP
Higher overall scoreMean of the five percentile scores vs peers 68/100 63/100 67/100 BLKB

Percentile Scorecard

BLKBSAPCXM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLKBSAPCXM
Valuation 86 #15 of 101 52 #49 of 101 81 #20 of 101
Growth 73 #27 of 97 68 #32 of 97 48 #51 of 97
Profitability 84 #16 of 93 90 #10 of 93 63 #35 of 93
Financial Health 16 #91 of 108 78 #25 of 108 63 #41 of 108
Shareholder Returns 82 #12 of 63 27 #46 of 63 79 #14 of 63
Overall 68 63 67
  • BLKB ranked among 114 companies in Business Applications
  • SAP ranked among 114 companies in Business Applications
  • CXM ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLKBSAPCXMSPY
1 month +27.2%+11.0%+41.5% +0.7%
3 months +31.5%+29.3%+10.0% +3.7%
6 months +41.8%+38.1%+38.6% +7.1%
Year to date -16.8%-3.7%-12.3% +12.8%
1 year -22.4%-9.9%-10.3% +11.9%
3 years -19.4%+75.1%-49.0% +85.2%
3 years, per year -6.9%+20.5%-20.1% +22.8%
5 years -25.8%+61.6%-64.7% +67.6%
5 years, per year -5.8%+10.1%-18.8% +10.9%
10 years -12.4%+166.2%— +262.0%
10 years, per year -1.3%+10.3%— +13.7%

Risk

MeasureBLKBSAPCXMSPY
Volatility, 1Y 49.0%39.1%44.7% 12.7%
Downside volatility, 1Y 51.0%40.3%48.7% 12.6%
Beta vs S&P 500, 1Y 0.260.630.21 1.00
Return / volatility, 1Y -0.46-0.25-0.23 0.94
Max drawdown, 5Y -69.8%-53.2%-75.9% -25.4%
From 52-week high -22.4%-11.4%-17.0% -1.2%
52-week high $67.95$263.96$8.22 $779.14
52-week low $26.54$146.09$4.82 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLKBSAPCXM
P/E now vs peer median 15.6xmedian 28.0x 28.6xmedian 28.0x 69.4xmedian 28.0x
P/S now vs peer median 2.1xmedian 2.8x 6.3xmedian 2.8x 1.9xmedian 2.8x
EV/EBITDA now vs peer median 10.6xmedian 16.9x 11.8xmedian 16.9x 21.3xmedian 16.9x
P/FCF now vs peer median 7.2xmedian 15.9x 27.6xmedian 15.9x 12.7xmedian 15.9x
P/B now vs peer median 19.9xmedian 3.2x 5.5xmedian 3.2x 3.1xmedian 3.2x
PEG now vs peer median 0.14median 0.89 1.79median 0.89 1.16median 0.89

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLKBSAPCXM
Revenue $1.16B $45.76B $872.88M
Gross profit $694.80M $33.40B $572.53M
Operating income $232.55M $22.06B $46.29M
Net income $149.25M $9.47B $23.16M
Free cash flow $331.97M $10.40B $127.75M
R&D $141.76M $8.26B $97.82M
EPS (diluted) $3.32 $8.11 $0.10
Cash & equivalents $35.73M $10.62B $231.42M
Total debt $1.04B $9.68B –
Shares (diluted) 44.96M 1.18B 237.84M
Enterprise value $2.22B $201.79B $862.72M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLKBSAPCXM
P/E 15.6x 28.6x 69.4x
P/FCF 7.2x 27.6x 12.7x
P/Operating cash flow 6.9x 25.0x 12.5x
P/S 2.1x 6.3x 1.9x
P/B 19.9x 5.5x 3.1x
P/Tangible book 74.1x 5.8x 3.1x
EV/EBITDA 10.6x 11.8x 21.3x
EV/EBIT 14.6x 12.6x 29.9x
EV/Revenue 2.9x 6.1x 1.6x
EV/FCF 10.2x 26.6x 10.8x
EV/Operating cash flow 9.9x 24.1x 10.7x
PEG (3Y EPS CAGR) 0.14 1.79 1.16

Growth

14 metrics
MetricBLKBSAPCXM
Revenue growth (1Y) 2.2% 13.5% 6.3%
Revenue CAGR (3Y) 2.2% 11.7% 9.0%
Gross profit growth (1Y) 6.3% 12.6% -0.3%
Gross profit CAGR (3Y) 6.0% 12.1% 4.0%
Operating income growth (1Y) 198.7% 30.9% 40.8%
Operating income CAGR (3Y) 323.0% 52.1% 136.5%
Net income growth (1Y) 155.7% 18.5% -80.7%
Net income CAGR (3Y) 100.1% 16.4% 50.7%
EPS growth (1Y) 160.1% 22.0% -78.7%
EPS CAGR (3Y) 109.8% 16.0% 59.9%
Operating cash flow growth (1Y) 21.8% 43.3% -3.0%
Operating cash flow CAGR (3Y) 16.4% 19.0% 31.5%
Free cash flow growth (1Y) 20.2% 43.7% -2.3%
Free cash flow CAGR (3Y) 16.3% 20.9% 37.9%

Profitability

14 metrics
MetricBLKBSAPCXM
Gross margin 59.9% 73.0% 65.6%
EBITDA margin 27.5% 51.5% 7.5%
Operating margin 20.1% 48.2% 5.3%
Pretax margin 15.2% 29.2% 7.7%
Net margin 12.9% 20.8% 2.7%
FCF margin 28.6% 22.7% 14.6%
Operating cash flow margin 29.5% 25.1% 14.8%
Return on equity 160.0% 18.5% 4.6%
Return on assets 6.3% 11.2% 2.2%
Return on invested capital 16.5% 35.6% –
Return on capital employed 16.3% 34.0% 8.0%
Asset turnover 0.5x 0.5x 0.8x
Cash conversion (OCF / net income) 2.3x 1.2x 5.6x
Stock comp / revenue 7.7% 3.9% 9.4%

Financial Health

11 metrics
MetricBLKBSAPCXM
Debt / assets 49.6% 11.2% –
Debt / equity 8.7x 0.2x –
Net debt / EBITDA 3.2x -0.4x –
Debt / FCF 3.1x 0.9x –
Liabilities / assets 94.3% 39.1% 50.6%
Equity / assets 5.7% 60.9% 49.4%
Interest coverage 3.5x 8.3x –
Current ratio 0.7x 1.2x 1.6x
Quick ratio 0.1x 0.9x 0.9x
Cash ratio 0.0x 0.9x 0.5x
Altman Z-score 1.55 7.44 2.71

Shareholder Returns

7 metrics
MetricBLKBSAPCXM
Dividend yield – 1.3% –
Net buyback yield 9.0% -0.1% 8.0%
Shareholder yield 9.0% 1.2% 8.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLKBSAPCXM
Forward P/E 10.7xFY2026 27.5xFY2026 13.9xFY2026
EPS, next fiscal year $4.94FY2026 $8.52FY2026 $0.49FY2026
EPS growth, next FY +11.0%FY2026 +16.1%FY2026 0.0%FY2026
EPS growth, the year after +15.4% +4.9% +6.1%
Revenue, next fiscal year $1.14BFY2026 $42.86BFY2026 $812.15MFY2026
Revenue growth, next FY +1.2%FY2026 -2.4%FY2026 -5.3%FY2026
Revenue growth, the year after +0.2% +14.3% +3.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLKBSAPCXM
Held by institutions 100.0% 7.2% 52.0%
Institutions holding 281 821 266
Change in shares held, QoQ +9.3% -3.0% -17.2%
Institutions buying 174 460 131
Institutions selling 76 245 100
Buyers to sellers 2.29 1.88 1.31

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLKBSAPCXM
BLKB 1.00 0.56 0.58
SAP 0.56 1.00 0.54
CXM 0.58 0.54 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BLKB, SAP and CXM?

Sap Se (SAP) is the largest by market capitalisation: Blackbaud (BLKB) $2.36B, Sap Se (SAP) $274.39B, Sprinklr (CXM) $1.61B.

Which stock is cheaper, BLKB, SAP and CXM?

Blackbaud (BLKB) trades on the lowest price-to-earnings ratio (Blackbaud (BLKB) 15.8x, Sap Se (SAP) 28.8x, Sprinklr (CXM) 69.5x). On next year's consensus earnings, Blackbaud (BLKB) is cheapest (Blackbaud (BLKB) 10.7x, Sap Se (SAP) 27.5x, Sprinklr (CXM) 13.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Sap Se (SAP) grew revenue fastest over the trailing twelve months: Blackbaud (BLKB) +2.2%, Sap Se (SAP) +13.5%, Sprinklr (CXM) +6.3%.

Which company is more profitable?

Sap Se (SAP) has the highest net margin (Blackbaud (BLKB) 12.9%, Sap Se (SAP) 20.8%, Sprinklr (CXM) 2.7%). On return on invested capital, Sap Se (SAP) leads (Blackbaud (BLKB) 16.5%, Sap Se (SAP) 35.6%).

Which stock has performed better?

Over the past year Sap Se (SAP) returned the most: Blackbaud (BLKB) -22.4%, Sap Se (SAP) -9.9%, Sprinklr (CXM) -10.3%. Over five years, Sap Se (SAP) compounded fastest (Blackbaud (BLKB) -5.8%/yr, Sap Se (SAP) +10.1%/yr, Sprinklr (CXM) -18.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Sap Se (SAP) has been the steadiest (Blackbaud (BLKB) 49.0%, Sap Se (SAP) 39.1%, Sprinklr (CXM) 44.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLKB, SAP and CXM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sap Se (SAP) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.