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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and BLACKLINE, INC. (BL). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $110.6M, roughly 1.7× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs 2.7%, a 3.4% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 1.8%). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
AAT vs BL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $183.2M |
| Net Profit | $6.7M | $4.9M |
| Gross Margin | — | 75.2% |
| Operating Margin | 23.4% | 3.7% |
| Net Margin | 6.1% | 2.7% |
| Revenue YoY | 1.8% | 8.1% |
| Net Profit YoY | -16.3% | -91.3% |
| EPS (diluted) | $0.08 | $0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $183.2M | ||
| Q3 25 | $109.6M | $178.3M | ||
| Q2 25 | $107.9M | $172.0M | ||
| Q1 25 | $108.6M | $166.9M | ||
| Q4 24 | $113.5M | $169.5M | ||
| Q3 24 | $122.8M | $165.9M | ||
| Q2 24 | $110.9M | $160.5M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $4.9M | ||
| Q3 25 | $4.5M | $5.3M | ||
| Q2 25 | $5.5M | $8.3M | ||
| Q1 25 | $42.5M | $6.1M | ||
| Q4 24 | — | $56.4M | ||
| Q3 24 | $16.7M | $17.2M | ||
| Q2 24 | $11.9M | $76.7M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 75.2% | ||
| Q3 25 | 60.5% | 75.1% | ||
| Q2 25 | 62.6% | 75.2% | ||
| Q1 25 | 62.0% | 75.5% | ||
| Q4 24 | 61.3% | 75.6% | ||
| Q3 24 | 65.5% | 75.2% | ||
| Q2 24 | 63.6% | 74.9% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 3.7% | ||
| Q3 25 | 22.6% | 4.3% | ||
| Q2 25 | 24.1% | 4.4% | ||
| Q1 25 | 66.3% | 2.1% | ||
| Q4 24 | 26.5% | 3.7% | ||
| Q3 24 | 30.8% | 5.0% | ||
| Q2 24 | 27.8% | 1.4% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 4.1% | 3.0% | ||
| Q2 25 | 5.1% | 4.8% | ||
| Q1 25 | 39.2% | 3.6% | ||
| Q4 24 | — | 33.3% | ||
| Q3 24 | 13.6% | 10.4% | ||
| Q2 24 | 10.7% | 47.8% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.07 | ||
| Q3 25 | $0.07 | $0.09 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.70 | $0.10 | ||
| Q4 24 | $0.14 | $0.79 | ||
| Q3 24 | $0.28 | $0.27 | ||
| Q2 24 | $0.20 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $390.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $332.3M |
| Total Assets | $2.9B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $390.0M | ||
| Q3 25 | $138.7M | $419.9M | ||
| Q2 25 | $143.7M | $459.1M | ||
| Q1 25 | $143.9M | $479.5M | ||
| Q4 24 | $425.7M | $885.9M | ||
| Q3 24 | $533.0M | $725.3M | ||
| Q2 24 | $114.9M | $616.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $332.3M | ||
| Q3 25 | $1.2B | $328.3M | ||
| Q2 25 | $1.2B | $414.0M | ||
| Q1 25 | $1.2B | $417.9M | ||
| Q4 24 | $1.2B | $446.7M | ||
| Q3 24 | $1.2B | $367.9M | ||
| Q2 24 | $1.2B | $325.8M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.8B | ||
| Q3 25 | $2.9B | $1.7B | ||
| Q2 25 | $3.0B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.4B | $1.7B | ||
| Q2 24 | $3.0B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $26.7M |
| Free Cash FlowOCF − Capex | — | $26.1M |
| FCF MarginFCF / Revenue | — | 14.2% |
| Capex IntensityCapex / Revenue | 14.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 5.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $26.7M | ||
| Q3 25 | $40.5M | $63.8M | ||
| Q2 25 | $49.2M | $32.3M | ||
| Q1 25 | $36.9M | $46.7M | ||
| Q4 24 | $207.1M | $43.8M | ||
| Q3 24 | $52.4M | $55.9M | ||
| Q2 24 | $59.3M | $40.7M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $26.1M | ||
| Q3 25 | $23.1M | $63.3M | ||
| Q2 25 | $28.4M | $31.4M | ||
| Q1 25 | $20.4M | $40.8M | ||
| Q4 24 | $136.9M | $43.0M | ||
| Q3 24 | $28.0M | $55.5M | ||
| Q2 24 | $43.6M | $40.0M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 14.2% | ||
| Q3 25 | 21.1% | 35.5% | ||
| Q2 25 | 26.3% | 18.2% | ||
| Q1 25 | 18.8% | 24.4% | ||
| Q4 24 | 120.7% | 25.4% | ||
| Q3 24 | 22.8% | 33.5% | ||
| Q2 24 | 39.3% | 24.9% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 0.3% | ||
| Q3 25 | 15.9% | 0.3% | ||
| Q2 25 | 19.3% | 0.6% | ||
| Q1 25 | 15.1% | 3.6% | ||
| Q4 24 | 61.9% | 0.4% | ||
| Q3 24 | 19.9% | 0.2% | ||
| Q2 24 | 14.1% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.46× | ||
| Q3 25 | 8.98× | 12.07× | ||
| Q2 25 | 9.01× | 3.90× | ||
| Q1 25 | 0.87× | 7.72× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | 3.15× | 3.24× | ||
| Q2 24 | 4.98× | 0.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
