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Side-by-side financial comparison of AVANOS MEDICAL, INC. (AVNS) 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 $180.9M, roughly 1.0× AVANOS MEDICAL, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -0.7%, a 3.4% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 0.7%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $21.3M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 4.4%).

Avanos Medical, Inc. is a medical technology company making clinical medical devices. The company consists of two franchises – Pain Management and Chronic Care – that address reducing the use of opioids while helping patients recover faster and preventing infection.

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.

AVNS vs BL — Head-to-Head

Bigger by revenue
BL
BL
1.0× larger
BL
$183.2M
$180.9M
AVNS
Growing faster (revenue YoY)
BL
BL
+7.4% gap
BL
8.1%
0.7%
AVNS
Higher net margin
BL
BL
3.4% more per $
BL
2.7%
-0.7%
AVNS
More free cash flow
BL
BL
$4.8M more FCF
BL
$26.1M
$21.3M
AVNS
Faster 2-yr revenue CAGR
BL
BL
Annualised
BL
7.9%
4.4%
AVNS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVNS
AVNS
BL
BL
Revenue
$180.9M
$183.2M
Net Profit
$-1.3M
$4.9M
Gross Margin
47.5%
75.2%
Operating Margin
1.4%
3.7%
Net Margin
-0.7%
2.7%
Revenue YoY
0.7%
8.1%
Net Profit YoY
99.7%
-91.3%
EPS (diluted)
$-0.02
$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.

Revenue
AVNS
AVNS
BL
BL
Q4 25
$180.9M
$183.2M
Q3 25
$177.8M
$178.3M
Q2 25
$175.0M
$172.0M
Q1 25
$167.5M
$166.9M
Q4 24
$179.6M
$169.5M
Q3 24
$170.4M
$165.9M
Q2 24
$171.7M
$160.5M
Q1 24
$166.1M
$157.5M
Net Profit
AVNS
AVNS
BL
BL
Q4 25
$-1.3M
$4.9M
Q3 25
$-1.4M
$5.3M
Q2 25
$-76.8M
$8.3M
Q1 25
$6.6M
$6.1M
Q4 24
$-397.3M
$56.4M
Q3 24
$4.3M
$17.2M
Q2 24
$1.8M
$76.7M
Q1 24
$-900.0K
$10.8M
Gross Margin
AVNS
AVNS
BL
BL
Q4 25
47.5%
75.2%
Q3 25
48.4%
75.1%
Q2 25
52.6%
75.2%
Q1 25
53.6%
75.5%
Q4 24
54.6%
75.6%
Q3 24
54.5%
75.2%
Q2 24
55.7%
74.9%
Q1 24
57.1%
75.2%
Operating Margin
AVNS
AVNS
BL
BL
Q4 25
1.4%
3.7%
Q3 25
0.1%
4.3%
Q2 25
-42.6%
4.4%
Q1 25
6.1%
2.1%
Q4 24
-233.0%
3.7%
Q3 24
7.0%
5.0%
Q2 24
3.7%
1.4%
Q1 24
2.4%
1.1%
Net Margin
AVNS
AVNS
BL
BL
Q4 25
-0.7%
2.7%
Q3 25
-0.8%
3.0%
Q2 25
-43.9%
4.8%
Q1 25
3.9%
3.6%
Q4 24
-221.2%
33.3%
Q3 24
2.5%
10.4%
Q2 24
1.0%
47.8%
Q1 24
-0.5%
6.9%
EPS (diluted)
AVNS
AVNS
BL
BL
Q4 25
$-0.02
$0.07
Q3 25
$-0.03
$0.09
Q2 25
$-1.66
$0.13
Q1 25
$0.14
$0.10
Q4 24
$-8.64
$0.79
Q3 24
$0.09
$0.27
Q2 24
$0.04
$0.22
Q1 24
$-0.02
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVNS
AVNS
BL
BL
Cash + ST InvestmentsLiquidity on hand
$89.8M
$390.0M
Total DebtLower is stronger
$90.3M
Stockholders' EquityBook value
$778.2M
$332.3M
Total Assets
$1.1B
$1.8B
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVNS
AVNS
BL
BL
Q4 25
$89.8M
$390.0M
Q3 25
$70.5M
$419.9M
Q2 25
$90.3M
$459.1M
Q1 25
$97.0M
$479.5M
Q4 24
$107.7M
$885.9M
Q3 24
$89.0M
$725.3M
Q2 24
$92.2M
$616.6M
Q1 24
$75.8M
$331.4M
Total Debt
AVNS
AVNS
BL
BL
Q4 25
$90.3M
Q3 25
$93.4M
Q2 25
$95.7M
Q1 25
$98.0M
Q4 24
$125.3M
Q3 24
$152.6M
Q2 24
$164.9M
Q1 24
$167.2M
Stockholders' Equity
AVNS
AVNS
BL
BL
Q4 25
$778.2M
$332.3M
Q3 25
$778.0M
$328.3M
Q2 25
$776.3M
$414.0M
Q1 25
$839.4M
$417.9M
Q4 24
$828.5M
$446.7M
Q3 24
$1.2B
$367.9M
Q2 24
$1.2B
$325.8M
Q1 24
$1.2B
$279.8M
Total Assets
AVNS
AVNS
BL
BL
Q4 25
$1.1B
$1.8B
Q3 25
$1.1B
$1.7B
Q2 25
$1.0B
$1.8B
Q1 25
$1.1B
$1.8B
Q4 24
$1.2B
$1.8B
Q3 24
$1.7B
$1.7B
Q2 24
$1.7B
$1.9B
Q1 24
$1.7B
$2.1B
Debt / Equity
AVNS
AVNS
BL
BL
Q4 25
0.12×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.12×
Q4 24
0.15×
Q3 24
0.12×
Q2 24
0.13×
Q1 24
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVNS
AVNS
BL
BL
Operating Cash FlowLast quarter
$28.2M
$26.7M
Free Cash FlowOCF − Capex
$21.3M
$26.1M
FCF MarginFCF / Revenue
11.8%
14.2%
Capex IntensityCapex / Revenue
3.8%
0.3%
Cash ConversionOCF / Net Profit
5.46×
TTM Free Cash FlowTrailing 4 quarters
$43.1M
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVNS
AVNS
BL
BL
Q4 25
$28.2M
$26.7M
Q3 25
$14.0M
$63.8M
Q2 25
$6.8M
$32.3M
Q1 25
$25.7M
$46.7M
Q4 24
$57.9M
$43.8M
Q3 24
$23.0M
$55.9M
Q2 24
$27.8M
$40.7M
Q1 24
$-8.0M
$50.4M
Free Cash Flow
AVNS
AVNS
BL
BL
Q4 25
$21.3M
$26.1M
Q3 25
$7.0M
$63.3M
Q2 25
$-4.2M
$31.4M
Q1 25
$19.0M
$40.8M
Q4 24
$53.1M
$43.0M
Q3 24
$20.0M
$55.5M
Q2 24
$21.9M
$40.0M
Q1 24
$-12.1M
$50.1M
FCF Margin
AVNS
AVNS
BL
BL
Q4 25
11.8%
14.2%
Q3 25
3.9%
35.5%
Q2 25
-2.4%
18.2%
Q1 25
11.3%
24.4%
Q4 24
29.6%
25.4%
Q3 24
11.7%
33.5%
Q2 24
12.8%
24.9%
Q1 24
-7.3%
31.8%
Capex Intensity
AVNS
AVNS
BL
BL
Q4 25
3.8%
0.3%
Q3 25
3.9%
0.3%
Q2 25
6.3%
0.6%
Q1 25
4.0%
3.6%
Q4 24
2.7%
0.4%
Q3 24
1.8%
0.2%
Q2 24
3.4%
0.4%
Q1 24
2.5%
0.2%
Cash Conversion
AVNS
AVNS
BL
BL
Q4 25
5.46×
Q3 25
12.07×
Q2 25
3.90×
Q1 25
3.89×
7.72×
Q4 24
0.78×
Q3 24
5.35×
3.24×
Q2 24
15.44×
0.53×
Q1 24
4.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVNS
AVNS

Enteral Feeding$83.0M46%
Radiofrequency Ablation$36.9M20%
Neonate Solutions$32.1M18%
Surgical Pain And Recovery$24.7M14%
Corporate Other$4.2M2%

BL
BL

Subscription And Circulation$173.2M95%
Technology Service$10.0M5%

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