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Side-by-side financial comparison of BLACKLINE, INC. (BL) and COHEN & STEERS, INC. (CNS). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $143.8M, roughly 1.3× COHEN & STEERS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 2.7%, a 21.6% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 2.9%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs 7.9%).
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.
Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.
BL vs CNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $143.8M |
| Net Profit | $4.9M | $34.9M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 28.0% |
| Net Margin | 2.7% | 24.3% |
| Revenue YoY | 8.1% | 2.9% |
| Net Profit YoY | -91.3% | -23.9% |
| EPS (diluted) | $0.07 | $0.67 |
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 | $183.2M | $143.8M | ||
| Q3 25 | $178.3M | $141.7M | ||
| Q2 25 | $172.0M | $136.1M | ||
| Q1 25 | $166.9M | $134.5M | ||
| Q4 24 | $169.5M | $139.8M | ||
| Q3 24 | $165.9M | $133.2M | ||
| Q2 24 | $160.5M | $121.7M | ||
| Q1 24 | $157.5M | $122.7M |
| Q4 25 | $4.9M | $34.9M | ||
| Q3 25 | $5.3M | $41.7M | ||
| Q2 25 | $8.3M | $36.8M | ||
| Q1 25 | $6.1M | $39.8M | ||
| Q4 24 | $56.4M | $45.8M | ||
| Q3 24 | $17.2M | $39.7M | ||
| Q2 24 | $76.7M | $31.8M | ||
| Q1 24 | $10.8M | $34.0M |
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | — | ||
| Q2 25 | 75.2% | — | ||
| Q1 25 | 75.5% | — | ||
| Q4 24 | 75.6% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 74.9% | — | ||
| Q1 24 | 75.2% | — |
| Q4 25 | 3.7% | 28.0% | ||
| Q3 25 | 4.3% | 34.5% | ||
| Q2 25 | 4.4% | 31.8% | ||
| Q1 25 | 2.1% | 33.6% | ||
| Q4 24 | 3.7% | 35.3% | ||
| Q3 24 | 5.0% | 33.7% | ||
| Q2 24 | 1.4% | 31.5% | ||
| Q1 24 | 1.1% | 32.8% |
| Q4 25 | 2.7% | 24.3% | ||
| Q3 25 | 3.0% | 29.4% | ||
| Q2 25 | 4.8% | 27.1% | ||
| Q1 25 | 3.6% | 29.6% | ||
| Q4 24 | 33.3% | 32.8% | ||
| Q3 24 | 10.4% | 29.8% | ||
| Q2 24 | 47.8% | 26.1% | ||
| Q1 24 | 6.9% | 27.7% |
| Q4 25 | $0.07 | $0.67 | ||
| Q3 25 | $0.09 | $0.81 | ||
| Q2 25 | $0.13 | $0.72 | ||
| Q1 25 | $0.10 | $0.77 | ||
| Q4 24 | $0.79 | $0.89 | ||
| Q3 24 | $0.27 | $0.77 | ||
| Q2 24 | $0.22 | $0.63 | ||
| Q1 24 | $0.17 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $390.0M | $145.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $562.0M |
| Total Assets | $1.8B | $876.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $145.5M | ||
| Q3 25 | $419.9M | $98.1M | ||
| Q2 25 | $459.1M | $95.4M | ||
| Q1 25 | $479.5M | $65.2M | ||
| Q4 24 | $885.9M | $183.0M | ||
| Q3 24 | $725.3M | $106.5M | ||
| Q2 24 | $616.6M | $122.0M | ||
| Q1 24 | $331.4M | $99.5M |
| Q4 25 | $332.3M | $562.0M | ||
| Q3 25 | $328.3M | $550.3M | ||
| Q2 25 | $414.0M | $528.5M | ||
| Q1 25 | $417.9M | $507.7M | ||
| Q4 24 | $446.7M | $511.7M | ||
| Q3 24 | $367.9M | $491.0M | ||
| Q2 24 | $325.8M | $463.2M | ||
| Q1 24 | $279.8M | $378.9M |
| Q4 25 | $1.8B | $876.7M | ||
| Q3 25 | $1.7B | $801.6M | ||
| Q2 25 | $1.8B | $751.0M | ||
| Q1 25 | $1.8B | $834.9M | ||
| Q4 24 | $1.8B | $812.4M | ||
| Q3 24 | $1.7B | $727.8M | ||
| Q2 24 | $1.9B | $784.1M | ||
| Q1 24 | $2.1B | $680.7M |
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 | $-120.4M |
| Free Cash FlowOCF − Capex | $26.1M | $-126.4M |
| FCF MarginFCF / Revenue | 14.2% | -87.9% |
| Capex IntensityCapex / Revenue | 0.3% | 4.2% |
| Cash ConversionOCF / Net Profit | 5.46× | -3.45× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-253.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-120.4M | ||
| Q3 25 | $63.8M | $55.1M | ||
| Q2 25 | $32.3M | $-67.6M | ||
| Q1 25 | $46.7M | $-108.9M | ||
| Q4 24 | $43.8M | $96.7M | ||
| Q3 24 | $55.9M | $25.6M | ||
| Q2 24 | $40.7M | $31.4M | ||
| Q1 24 | $50.4M | $4.9M |
| Q4 25 | $26.1M | $-126.4M | ||
| Q3 25 | $63.3M | $52.6M | ||
| Q2 25 | $31.4M | $-69.8M | ||
| Q1 25 | $40.8M | $-110.0M | ||
| Q4 24 | $43.0M | $85.0M | ||
| Q3 24 | $55.5M | $24.2M | ||
| Q2 24 | $40.0M | $27.1M | ||
| Q1 24 | $50.1M | $537.0K |
| Q4 25 | 14.2% | -87.9% | ||
| Q3 25 | 35.5% | 37.1% | ||
| Q2 25 | 18.2% | -51.3% | ||
| Q1 25 | 24.4% | -81.8% | ||
| Q4 24 | 25.4% | 60.8% | ||
| Q3 24 | 33.5% | 18.2% | ||
| Q2 24 | 24.9% | 22.3% | ||
| Q1 24 | 31.8% | 0.4% |
| Q4 25 | 0.3% | 4.2% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.6% | 1.6% | ||
| Q1 25 | 3.6% | 0.8% | ||
| Q4 24 | 0.4% | 8.3% | ||
| Q3 24 | 0.2% | 1.1% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.2% | 3.5% |
| Q4 25 | 5.46× | -3.45× | ||
| Q3 25 | 12.07× | 1.32× | ||
| Q2 25 | 3.90× | -1.84× | ||
| Q1 25 | 7.72× | -2.74× | ||
| Q4 24 | 0.78× | 2.11× | ||
| Q3 24 | 3.24× | 0.65× | ||
| Q2 24 | 0.53× | 0.99× | ||
| Q1 24 | 4.66× | 0.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
CNS
Segment breakdown not available.
