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| 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% |