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
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%