Black Knight (Black Knight) EBIT : $266 Mil (TTM As of Sep. 2023)

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What is Black Knight EBIT?

Black Knight's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $-93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $266 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Black Knight's annualized ROC % for the quarter that ended in Sep. 2023 was 4.58%. Black Knight's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -100.87%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Black Knight's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 1.85%.

Black Knight EBIT Historical Data

The historical data trend for Black Knight's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Black Knight EBIT Chart

Black Knight Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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257.90

288.20

283.20

296.60

266.30

Black Knight Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
EBIT	Get a 7-Day Free Trial															74.20	28.90	219.00	110.70	-93.10

Competitive Comparison of Black Knight's EBIT

For the Software - Application subindustry, Black Knight's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Black Knight's EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Black Knight's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Black Knight's EV-to-EBIT falls into.

Black Knight EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $266 Mil.

Black Knight (NYSE:BKI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Black Knight's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	248 * ( 1 - 9.33% )	/	( (5668.6	+	4147)	/ 2 )
=	224.8616	/	4907.8
=	4.58 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	5768.5	-	84	-	( 15.9	-	max(0, 257.3	-	369	+	15.9	))
=	5668.6

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	4323.7	-	82.6	-	( 94.1	-	max(0, 237.8	-	720.7	+	94.1	))
=	4147

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Black Knight's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Jun. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-372.4	/	( ( (150.5 + max(53.8, 0))	+	(139.5 + max(394.6, 0)) )	/	2 )
=	-372.4	/	( ( 204.3	+	534.1 )	/	2 )
=	-372.4	/	369.2
=	-100.87 %

where Working Capital is:

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(159.8	+	0	+	99.2)	-	(84	+	50.3	+	70.9)
=	53.8

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(127.8	+	0	+	498.8)	-	(82.6	+	0	+	149.4)
=	394.6

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Black Knight's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	265.5	/	14327.342
	=	1.85 %

Black Knight EBIT Related Terms

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Black Knight (Black Knight) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Black Knight Inc (NYSE:BKI) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Riverside Avenue, Jacksonville, FL, USA, 32204

Website

https://www.blackknightinc.com

Black Knight Inc is a technology company that, through its subsidiaries, provides software, data, and analytics solutions to the mortgage and consumer loan, real estate, and capital markets industry. The company's product portfolio includes software solutions to support loan origination, processing and servicing, and data and analytics solutions such as automated valuation models, data integration, risk assessment, among others. Black Knight's business is organized in two segments: software solutions and data/analytics. The majority of revenue comes from the company's software solutions segment, and most of the company's revenue is earned in the United States.

Executives

Joseph M Otting	director	C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Anthony M Jabbour	officer: Chief Executive Officer	601 RIVERSIDE AVE, JACKSONVILLE FL 32204
Michele M Meyers	officer: Chief Accounting Officer	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32207
John D Rood	director	3020 HARTLEY ROAD SUITE 300, JACKSONVILLE FL 32257
Catherine Levinson Burke	director	C/O NCR CORPORATION, 864 SPRING STREET NW, ATLANTA GA 30308
Michael L Gravelle	officer: Corp. Secretary & General Coun	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Kirk T Larsen	officer: Chief Financial Officer	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Foley William P Ii	director, officer: Chairman	FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Richard N Massey	director	900 S. SHACKLEFORD ROAD, SUITE 401, LITTLE ROCK AR 72211
Nancy L. Shanik	director	CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Shelley S Leonard	officer: Chief Product & Digital Ofcr	601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Joseph M Nackashi	officer: President	LENDER PROCESSING SERVICES, INC., 601 RIVERSIDE AVE., JACKSONVILLE FL 32204
Anthony Orefice	officer: Chief Operating Officer	C/O BLACK KNIGHT FINANCIAL SERVICES, INC, 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thomas J. Sanzone	officer: Chief Executive Officer	BLACK KNIGHT FINANCIAL SERVICES, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Thl Equity Fund Vi Investors (bkfs-lm), Llc	10 percent owner	C/O THOMAS H. LEE PARNTERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110