Backblaze (BLZE) Return on Capital Employed (2021 - 2025)
Backblaze (BLZE) posted quarterly Return on Capital Employed of 25.16% for Q3 2025, up 3547.0% year-over-year from 0.69% in Q3 2024, and up 28.28% quarter-over-quarter from 35.08% in Q2 2025.
Backblaze (BLZE) Return on Capital Employed (2021 - 2025) Analysis & Trends
Backblaze's Return on Capital Employed history runs 5 years deep, the most recent figure standing at 25.16% for Q3 2025.
- In Q3 2025, Return on Capital Employed rose 3547.0% year-over-year to 25.16%; the TTM figure through Sep 2025 stood at 25.16% (up 3547.0% YoY), while the FY2024 annual figure was 51.25%, up 1688.0% from the prior year.
- Return on Capital Employed for Q3 2025 stood at 25.16%, up from 35.08% in the prior quarter.
- The five-year high for Return on Capital Employed was 24.56% in Q1 2022, with the low at 81.2% in Q3 2023.
- The 5-year median for Return on Capital Employed is 49.44% (2022), against an average of 49.63%.
- The sharpest annual moves came in 2023 and 2025: Return on Capital Employed slumped 4086 bps in 2023, then surged 3547 bps in 2025.
- Backblaze's Return on Capital Employed stood at 28.08% in 2021, then tumbled by 74 bps to 48.89% in 2022, then tumbled by 56 bps to 76.06% in 2023, then soared by 34 bps to 49.99% in 2024, then soared by 50 bps to 25.16% in 2025.
- Business Quant data shows BLZE's Return on Capital Employed at 25.16% in Q3 2025, 35.08% in Q2 2025, and 40.54% in Q1 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 27.85% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 9.73% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 28.02% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 3.83% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 44.16% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -9.60% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.98% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -0.51% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 4.02% |
| 10 | Backblaze | 1.10 Bn | 1.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -25.16% |
| Jun 30, 2025 | -35.08% |
| Mar 31, 2025 | -40.54% |
| Dec 31, 2024 | -49.99% |
| Sep 30, 2024 | -60.62% |
| Jun 30, 2024 | -63.54% |
| Mar 31, 2024 | -67.80% |
| Dec 31, 2023 | -76.06% |
| Sep 30, 2023 | -81.20% |
| Jun 30, 2023 | -64.22% |
| Mar 31, 2023 | -56.43% |
| Dec 31, 2022 | -48.89% |
| Sep 30, 2022 | -40.34% |
| Jun 30, 2022 | -31.50% |
| Mar 31, 2022 | -24.56% |
| Dec 31, 2021 | -28.08% |