Blackbaud, Inc.
Returns on Capital
| Fiscal Year | ROE | ROI | ROA |
|---|---|---|---|
| FY2021 | 0.8% | 0.3% | 0.2% |
| FY2022 | -6.1% | -2.9% | -1.5% |
| FY2023 | 0.4% | 0.2% | 0.1% |
| FY2024 | -236.1% | -25.4% | -12.0% |
| FY2025 | 135.2% | 9.8% | 4.8% |
Mimicking the herd invites regression to the mean (merely average performance).