Blackbaud vs Duolingo
Blackbaud and Duolingo are similar in size: $1.13bn and $1.04bn of revenue in their latest fiscal years. Duolingo grew faster (38.7% against -2.3%). Duolingo kept more of each dollar of sales as profit: a net margin of 39.9% against 10.2%.
| Latest fiscal year | BlackbaudBLKB, 2025 | DuolingoDUOL, 2025 |
|---|---|---|
| Revenue | $1.13bn | $1.04bn |
| Revenue growth | -2.3% | 38.7% |
| Net income | $115m | $414m |
| Operating margin | — | 13.1% |
| Net margin | 10.2% | 39.9% |
| Return on equity | 108.5% | 38.1% |
| Free cash flow | $258m | $370m |
| Cash | $38.9m | $1.04bn |
| Total debt | $1.11bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $217m | — |
| Employees | — | 720 |
| Market value | $2.46bn | $6.47bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 33 (Weak) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 22 sales | 1 buys, 85 sales |