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
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%