Backblaze (BLZE) Return on Capital Employed (2021 - 2025)

Backblaze (BLZE) recorded quarterly Return on Capital Employed of 25.16% in Q3 2025, up 28.28% quarter-over-quarter from 35.08% in Q2 2025, and up 3547.0% on a YoY basis from 0.69% in Q3 2024.

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 was 25.16% for Q3 2025 at Backblaze, up from 35.08% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 24.56% in Q1 2022 to a low of 81.2% in Q3 2023.
  • Historically, Return on Capital Employed has averaged 49.63% across 5 years, with a median of 49.44% in 2022.
  • The sharpest annual moves came in 2023 and 2025: Return on Capital Employed tumbled 4086 bps in 2023, then soared 3547 bps in 2025.
  • A 5-year view of Return on Capital Employed shows it stood at 28.08% in 2021, then plunged by 74 bps to 48.89% in 2022, then plunged 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.
  • The last three Return on Capital Employed figures came in at 25.16% (Q3 2025), 35.08% (Q2 2025), and 40.54% (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Microsoft 2,903.35 Bn 2,825.07 Bn 56.06 Bn 27.43%
2 Alarum Technologies 1,127.45 Bn 1,113.30 Bn 7.23 Mn 0.01%
3 Oracle 528.84 Bn 490.27 Bn 15.14 Bn 10.62%
4 Palantir Technologies 306.36 Bn 298.44 Bn 1.42 Bn 24.39%
5 Palo Alto Networks 194.33 Bn 189.79 Bn 1.91 Bn 8.75%
6 CrowdStrike Holdings 171.19 Bn 168.13 Bn 993.68 Mn -4.62%
7 Fortinet 108.13 Bn 104.84 Bn 1.49 Bn 40.10%
8 Synopsys 86.21 Bn 86.09 Bn 1.77 Bn 1.98%
9 Cloudflare 80.35 Bn 79.41 Bn 455.60 Mn -5.85%
10 Backblaze - - - -

Historic Data

Download Data
DateValue
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%