Is the business good?
How good a business is BB?
BlackBerry Limited earns 8.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
8.2%
Return on invested capital · cost of capital 9.0% · 0.84 points below what the capital costs: growth destroys value
- Operating margin
- 11%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q1 2027
- Cash conversion
- 1.12×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −1.3%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2021 | −124% |
| FY2022 | −0.28% |
| FY2023 | −39% |
| FY2024 | 1.5% |
| FY2025 | 0.15% |
| FY2026 | 8.8% |
Details›
- Gross margin12 months to Q1 2027
- 77%
- Operating margin12 months to Q1 2027
- 11%
- Net margin12 months to Q1 2027
- 10%
- Free cash flow margin
- 12%
- R&D as % of revenue
- 21%
- Revenue, trailing twelve months
- $580M
- Free cash flow, trailing twelve months
- $67M
- Net income, trailing twelve months
- $60M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 8.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #63 of 78 by Smart Score