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Side-by-side financial comparison of BLACKLINE, INC. (BL) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs 2.7%, a 9.0% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 8.0%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $6.2M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 1.0%).
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.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
BL vs CSV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $105.5M |
| Net Profit | $4.9M | $12.3M |
| Gross Margin | 75.2% | 34.8% |
| Operating Margin | 3.7% | 23.3% |
| Net Margin | 2.7% | 11.6% |
| Revenue YoY | 8.1% | 8.0% |
| Net Profit YoY | -91.3% | 24.5% |
| EPS (diluted) | $0.07 | $0.76 |
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 | $105.5M | ||
| Q3 25 | $178.3M | $102.7M | ||
| Q2 25 | $172.0M | $102.1M | ||
| Q1 25 | $166.9M | $107.1M | ||
| Q4 24 | $169.5M | $97.7M | ||
| Q3 24 | $165.9M | $100.7M | ||
| Q2 24 | $160.5M | $102.3M | ||
| Q1 24 | $157.5M | $103.5M |
| Q4 25 | $4.9M | $12.3M | ||
| Q3 25 | $5.3M | $6.6M | ||
| Q2 25 | $8.3M | $11.7M | ||
| Q1 25 | $6.1M | $20.9M | ||
| Q4 24 | $56.4M | $9.9M | ||
| Q3 24 | $17.2M | $9.9M | ||
| Q2 24 | $76.7M | $6.3M | ||
| Q1 24 | $10.8M | $7.0M |
| Q4 25 | 75.2% | 34.8% | ||
| Q3 25 | 75.1% | 35.3% | ||
| Q2 25 | 75.2% | 35.2% | ||
| Q1 25 | 75.5% | 35.3% | ||
| Q4 24 | 75.6% | 34.4% | ||
| Q3 24 | 75.2% | 35.2% | ||
| Q2 24 | 74.9% | 36.2% | ||
| Q1 24 | 75.2% | 36.0% |
| Q4 25 | 3.7% | 23.3% | ||
| Q3 25 | 4.3% | 17.0% | ||
| Q2 25 | 4.4% | 23.5% | ||
| Q1 25 | 2.1% | 29.5% | ||
| Q4 24 | 3.7% | 21.6% | ||
| Q3 24 | 5.0% | 22.7% | ||
| Q2 24 | 1.4% | 18.0% | ||
| Q1 24 | 1.1% | 18.8% |
| Q4 25 | 2.7% | 11.6% | ||
| Q3 25 | 3.0% | 6.4% | ||
| Q2 25 | 4.8% | 11.5% | ||
| Q1 25 | 3.6% | 19.5% | ||
| Q4 24 | 33.3% | 10.1% | ||
| Q3 24 | 10.4% | 9.8% | ||
| Q2 24 | 47.8% | 6.1% | ||
| Q1 24 | 6.9% | 6.7% |
| Q4 25 | $0.07 | $0.76 | ||
| Q3 25 | $0.09 | $0.41 | ||
| Q2 25 | $0.13 | $0.74 | ||
| Q1 25 | $0.10 | $1.34 | ||
| Q4 24 | $0.79 | $0.62 | ||
| Q3 24 | $0.27 | $0.63 | ||
| Q2 24 | $0.22 | $0.40 | ||
| Q1 24 | $0.17 | $0.45 |
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 | $1.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $254.8M |
| Total Assets | $1.8B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $1.7M | ||
| Q3 25 | $419.9M | $1.2M | ||
| Q2 25 | $459.1M | $1.4M | ||
| Q1 25 | $479.5M | $4.6M | ||
| Q4 24 | $885.9M | $1.2M | ||
| Q3 24 | $725.3M | $1.3M | ||
| Q2 24 | $616.6M | $1.5M | ||
| Q1 24 | $331.4M | $1.7M |
| Q4 25 | $332.3M | $254.8M | ||
| Q3 25 | $328.3M | $242.1M | ||
| Q2 25 | $414.0M | $235.4M | ||
| Q1 25 | $417.9M | $223.1M | ||
| Q4 24 | $446.7M | $208.6M | ||
| Q3 24 | $367.9M | $198.1M | ||
| Q2 24 | $325.8M | $187.9M | ||
| Q1 24 | $279.8M | $179.6M |
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.7B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $2.1B | $1.3B |
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 | $14.1M |
| Free Cash FlowOCF − Capex | $26.1M | $6.2M |
| FCF MarginFCF / Revenue | 14.2% | 5.9% |
| Capex IntensityCapex / Revenue | 0.3% | 7.5% |
| Cash ConversionOCF / Net Profit | 5.46× | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $14.1M | ||
| Q3 25 | $63.8M | $24.7M | ||
| Q2 25 | $32.3M | $8.1M | ||
| Q1 25 | $46.7M | $13.8M | ||
| Q4 24 | $43.8M | $9.3M | ||
| Q3 24 | $55.9M | $20.9M | ||
| Q2 24 | $40.7M | $2.2M | ||
| Q1 24 | $50.4M | $19.7M |
| Q4 25 | $26.1M | $6.2M | ||
| Q3 25 | $63.3M | $18.0M | ||
| Q2 25 | $31.4M | $5.2M | ||
| Q1 25 | $40.8M | $10.6M | ||
| Q4 24 | $43.0M | $4.9M | ||
| Q3 24 | $55.5M | $16.2M | ||
| Q2 24 | $40.0M | $-1.4M | ||
| Q1 24 | $50.1M | $16.2M |
| Q4 25 | 14.2% | 5.9% | ||
| Q3 25 | 35.5% | 17.5% | ||
| Q2 25 | 18.2% | 5.1% | ||
| Q1 25 | 24.4% | 9.9% | ||
| Q4 24 | 25.4% | 5.0% | ||
| Q3 24 | 33.5% | 16.1% | ||
| Q2 24 | 24.9% | -1.4% | ||
| Q1 24 | 31.8% | 15.6% |
| Q4 25 | 0.3% | 7.5% | ||
| Q3 25 | 0.3% | 6.5% | ||
| Q2 25 | 0.6% | 2.8% | ||
| Q1 25 | 3.6% | 3.0% | ||
| Q4 24 | 0.4% | 4.5% | ||
| Q3 24 | 0.2% | 4.6% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.2% | 3.4% |
| Q4 25 | 5.46× | 1.15× | ||
| Q3 25 | 12.07× | 3.76× | ||
| Q2 25 | 3.90× | 0.69× | ||
| Q1 25 | 7.72× | 0.66× | ||
| Q4 24 | 0.78× | 0.94× | ||
| Q3 24 | 3.24× | 2.11× | ||
| Q2 24 | 0.53× | 0.34× | ||
| Q1 24 | 4.66× | 2.83× |
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% |
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
