Growth Metrics

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

Backblaze has reported Return on Invested Capital over the past 5 years, most recently at 0.29% for Q3 2025.

  • Quarterly results put Return on Invested Capital at 0.29% for Q3 2025, up 36.0% from a year ago — trailing twelve months through Sep 2025 was 0.29% (up 36.0% YoY), and the annual figure for FY2024 was 0.62%, changed.
  • Return on Invested Capital for Q3 2025 was 0.29% at Backblaze, up from 0.38% in the prior quarter.
  • Over the last five years, Return on Invested Capital for BLZE hit a ceiling of 1.09% in Q3 2021 and a floor of 1.11% in Q3 2023.
  • Median Return on Invested Capital over the past 5 years was 0.53% (2022), compared with a mean of 0.5%.
  • Biggest five-year swings in Return on Invested Capital: tumbled -162bps in 2022 and later soared 46bps in 2024.
  • Backblaze's Return on Invested Capital stood at 0.46% in 2021, then crashed by -45bps to 0.66% in 2022, then plummeted by -67bps to 1.11% in 2023, then skyrocketed by 51bps to 0.54% in 2024, then surged by 47bps to 0.29% in 2025.
  • The last three reported values for Return on Invested Capital were 0.29% (Q3 2025), 0.38% (Q2 2025), and 0.42% (Q1 2025) per Business Quant data.