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Side-by-side financial comparison of Andersons, Inc. (ANDE) and BLACKLINE, INC. (BL). Click either name above to swap in a different company.
Andersons, Inc. is the larger business by last-quarter revenue ($329.5M vs $183.2M, roughly 1.8× BLACKLINE, INC.). Andersons, Inc. runs the higher net margin — 20.5% vs 2.7%, a 17.8% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -2.4%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-77.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
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.
ANDE vs BL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $183.2M |
| Net Profit | $67.4M | $4.9M |
| Gross Margin | 70.3% | 75.2% |
| Operating Margin | 26.6% | 3.7% |
| Net Margin | 20.5% | 2.7% |
| Revenue YoY | -2.4% | 8.1% |
| Net Profit YoY | 49.6% | -91.3% |
| EPS (diluted) | — | $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.
| Q4 25 | $329.5M | $183.2M | ||
| Q3 25 | $295.8M | $178.3M | ||
| Q2 25 | $535.0M | $172.0M | ||
| Q1 25 | $370.8M | $166.9M | ||
| Q4 24 | $337.5M | $169.5M | ||
| Q3 24 | $231.9M | $165.9M | ||
| Q2 24 | $492.5M | $160.5M | ||
| Q1 24 | $341.4M | $157.5M |
| Q4 25 | $67.4M | $4.9M | ||
| Q3 25 | $20.1M | $5.3M | ||
| Q2 25 | $7.9M | $8.3M | ||
| Q1 25 | $284.0K | $6.1M | ||
| Q4 24 | $45.1M | $56.4M | ||
| Q3 24 | $27.4M | $17.2M | ||
| Q2 24 | $36.0M | $76.7M | ||
| Q1 24 | $5.6M | $10.8M |
| Q4 25 | 70.3% | 75.2% | ||
| Q3 25 | 57.8% | 75.1% | ||
| Q2 25 | 29.6% | 75.2% | ||
| Q1 25 | 41.2% | 75.5% | ||
| Q4 24 | 63.1% | 75.6% | ||
| Q3 24 | 76.4% | 75.2% | ||
| Q2 24 | 35.6% | 74.9% | ||
| Q1 24 | 37.6% | 75.2% |
| Q4 25 | 26.6% | 3.7% | ||
| Q3 25 | 8.7% | 4.3% | ||
| Q2 25 | 4.6% | 4.4% | ||
| Q1 25 | 0.9% | 2.1% | ||
| Q4 24 | 19.9% | 3.7% | ||
| Q3 24 | 26.8% | 5.0% | ||
| Q2 24 | 11.6% | 1.4% | ||
| Q1 24 | 4.1% | 1.1% |
| Q4 25 | 20.5% | 2.7% | ||
| Q3 25 | 6.8% | 3.0% | ||
| Q2 25 | 1.5% | 4.8% | ||
| Q1 25 | 0.1% | 3.6% | ||
| Q4 24 | 13.4% | 33.3% | ||
| Q3 24 | 11.8% | 10.4% | ||
| Q2 24 | 7.3% | 47.8% | ||
| Q1 24 | 1.6% | 6.9% |
| Q4 25 | — | $0.07 | ||
| Q3 25 | $0.59 | $0.09 | ||
| Q2 25 | $0.23 | $0.13 | ||
| Q1 25 | $0.01 | $0.10 | ||
| Q4 24 | $1.31 | $0.79 | ||
| Q3 24 | $0.80 | $0.27 | ||
| Q2 24 | $1.05 | $0.22 | ||
| Q1 24 | $0.16 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $390.0M |
| Total DebtLower is stronger | $560.0M | — |
| Stockholders' EquityBook value | $1.2B | $332.3M |
| Total Assets | $3.7B | $1.8B |
| Debt / EquityLower = less leverage | 0.45× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $390.0M | ||
| Q3 25 | — | $419.9M | ||
| Q2 25 | — | $459.1M | ||
| Q1 25 | — | $479.5M | ||
| Q4 24 | $561.8M | $885.9M | ||
| Q3 24 | — | $725.3M | ||
| Q2 24 | — | $616.6M | ||
| Q1 24 | — | $331.4M |
| Q4 25 | $560.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $332.3M | ||
| Q3 25 | $1.2B | $328.3M | ||
| Q2 25 | $1.4B | $414.0M | ||
| Q1 25 | $1.4B | $417.9M | ||
| Q4 24 | $1.4B | $446.7M | ||
| Q3 24 | $1.3B | $367.9M | ||
| Q2 24 | $1.3B | $325.8M | ||
| Q1 24 | $1.3B | $279.8M |
| Q4 25 | $3.7B | $1.8B | ||
| Q3 25 | $3.3B | $1.7B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.8B | $1.8B | ||
| Q4 24 | $4.1B | $1.8B | ||
| Q3 24 | $3.4B | $1.7B | ||
| Q2 24 | $3.3B | $1.9B | ||
| Q1 24 | $3.3B | $2.1B |
| Q4 25 | 0.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-6.2M | $26.7M |
| Free Cash FlowOCF − Capex | $-77.1M | $26.1M |
| FCF MarginFCF / Revenue | -23.4% | 14.2% |
| Capex IntensityCapex / Revenue | 21.5% | 0.3% |
| Cash ConversionOCF / Net Profit | -0.09× | 5.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $161.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $26.7M | ||
| Q3 25 | $233.9M | $63.8M | ||
| Q2 25 | $299.3M | $32.3M | ||
| Q1 25 | $-350.0M | $46.7M | ||
| Q4 24 | $268.8M | $43.8M | ||
| Q3 24 | $-2.1M | $55.9M | ||
| Q2 24 | $304.4M | $40.7M | ||
| Q1 24 | $-239.6M | $50.4M |
| Q4 25 | $-77.1M | $26.1M | ||
| Q3 25 | $167.0M | $63.3M | ||
| Q2 25 | $250.5M | $31.4M | ||
| Q1 25 | $-396.6M | $40.8M | ||
| Q4 24 | $212.9M | $43.0M | ||
| Q3 24 | $-40.0M | $55.5M | ||
| Q2 24 | $275.8M | $40.0M | ||
| Q1 24 | $-266.4M | $50.1M |
| Q4 25 | -23.4% | 14.2% | ||
| Q3 25 | 56.5% | 35.5% | ||
| Q2 25 | 46.8% | 18.2% | ||
| Q1 25 | -106.9% | 24.4% | ||
| Q4 24 | 63.1% | 25.4% | ||
| Q3 24 | -17.2% | 33.5% | ||
| Q2 24 | 56.0% | 24.9% | ||
| Q1 24 | -78.0% | 31.8% |
| Q4 25 | 21.5% | 0.3% | ||
| Q3 25 | 22.6% | 0.3% | ||
| Q2 25 | 9.1% | 0.6% | ||
| Q1 25 | 12.6% | 3.6% | ||
| Q4 24 | 16.6% | 0.4% | ||
| Q3 24 | 16.3% | 0.2% | ||
| Q2 24 | 5.8% | 0.4% | ||
| Q1 24 | 7.8% | 0.2% |
| Q4 25 | -0.09× | 5.46× | ||
| Q3 25 | 11.61× | 12.07× | ||
| Q2 25 | 38.10× | 3.90× | ||
| Q1 25 | -1232.46× | 7.72× | ||
| Q4 24 | 5.96× | 0.78× | ||
| Q3 24 | -0.08× | 3.24× | ||
| Q2 24 | 8.46× | 0.53× | ||
| Q1 24 | -42.94× | 4.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
