Backblaze (BLZE) Return on Capital Employed (2021 - 2025)
Backblaze's (BLZE) quarterly Return on Capital Employed came in at 25.16% in Q3 2025, up 3547.0% year-on-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.
- On a quarterly basis, Return on Capital Employed rose 3547.0% year-over-year to 25.16% in Q3 2025; TTM through Sep 2025 was 25.16%, a 3547.0% increase from a year earlier, with the FY2024 full-year figure at 51.25%, up 1688.0% from the prior year.
- Return on Capital Employed improved to 25.16% in Q3 2025 per BLZE's latest filing, from 35.08% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 24.56% in Q1 2022 and bottomed 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%.
- Across the five-year window, Return on Capital Employed tumbled 4086 bps in 2023 and surged 3547 bps in 2025, its largest moves.
- Year by year, Return on Capital Employed stood at 28.08% in 2021, then slumped by 74 bps to 48.89% in 2022, then slumped by 56 bps to 76.06% in 2023, then jumped by 34 bps to 49.99% in 2024, then jumped by 50 bps to 25.16% in 2025.
- Per Business Quant, the three latest BLZE Return on Capital Employed figures stand at 25.16% (Q3 2025), 35.08% (Q2 2025), and 40.54% (Q1 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 27.43% |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 54.07% |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 9.73% |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 24.39% |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 8.75% |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -4.62% |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 40.10% |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -5.85% |
| 10 | Backblaze | 664.36 Mn | 612.98 Mn | - | - |
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% |