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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Claritev Corp (CTEV). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $183.2M, roughly 1.3× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -32.7%, a 35.3% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 6.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $26.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 2.5%).
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.
BL vs CTEV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $246.6M |
| Net Profit | $4.9M | $-80.6M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | -3.1% |
| Net Margin | 2.7% | -32.7% |
| Revenue YoY | 8.1% | 6.2% |
| Net Profit YoY | -91.3% | 41.6% |
| EPS (diluted) | $0.07 | $-4.88 |
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 | $246.6M | ||
| Q3 25 | $178.3M | $246.0M | ||
| Q2 25 | $172.0M | $241.6M | ||
| Q1 25 | $166.9M | $231.3M | ||
| Q4 24 | $169.5M | $232.1M | ||
| Q3 24 | $165.9M | $230.5M | ||
| Q2 24 | $160.5M | $233.5M | ||
| Q1 24 | $157.5M | $234.5M |
| Q4 25 | $4.9M | $-80.6M | ||
| Q3 25 | $5.3M | $-69.8M | ||
| Q2 25 | $8.3M | $-62.6M | ||
| Q1 25 | $6.1M | $-71.3M | ||
| Q4 24 | $56.4M | $-138.0M | ||
| Q3 24 | $17.2M | $-391.4M | ||
| Q2 24 | $76.7M | $-576.7M | ||
| Q1 24 | $10.8M | $-539.7M |
| 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% | -3.1% | ||
| Q3 25 | 4.3% | 4.1% | ||
| Q2 25 | 4.4% | 6.9% | ||
| Q1 25 | 2.1% | 4.2% | ||
| Q4 24 | 3.7% | -17.8% | ||
| Q3 24 | 5.0% | -146.7% | ||
| Q2 24 | 1.4% | -224.4% | ||
| Q1 24 | 1.1% | -207.4% |
| Q4 25 | 2.7% | -32.7% | ||
| Q3 25 | 3.0% | -28.4% | ||
| Q2 25 | 4.8% | -25.9% | ||
| Q1 25 | 3.6% | -30.8% | ||
| Q4 24 | 33.3% | -59.4% | ||
| Q3 24 | 10.4% | -169.8% | ||
| Q2 24 | 47.8% | -247.0% | ||
| Q1 24 | 6.9% | -230.1% |
| Q4 25 | $0.07 | $-4.88 | ||
| Q3 25 | $0.09 | $-4.23 | ||
| Q2 25 | $0.13 | $-3.81 | ||
| Q1 25 | $0.10 | $-4.38 | ||
| Q4 24 | $0.79 | $-8.49 | ||
| Q3 24 | $0.27 | $-24.25 | ||
| Q2 24 | $0.22 | $-35.78 | ||
| Q1 24 | $0.17 | $-33.40 |
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 | $16.8M |
| Total DebtLower is stronger | — | $4.6B |
| Stockholders' EquityBook value | $332.3M | $-173.9M |
| Total Assets | $1.8B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $16.8M | ||
| Q3 25 | $419.9M | $39.2M | ||
| Q2 25 | $459.1M | $56.4M | ||
| Q1 25 | $479.5M | $23.1M | ||
| Q4 24 | $885.9M | $16.8M | ||
| Q3 24 | $725.3M | $86.6M | ||
| Q2 24 | $616.6M | $48.8M | ||
| Q1 24 | $331.4M | $58.7M |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.5B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $332.3M | $-173.9M | ||
| Q3 25 | $328.3M | $-101.8M | ||
| Q2 25 | $414.0M | $-39.9M | ||
| Q1 25 | $417.9M | $14.8M | ||
| Q4 24 | $446.7M | $84.0M | ||
| Q3 24 | $367.9M | $207.6M | ||
| Q2 24 | $325.8M | $603.4M | ||
| Q1 24 | $279.8M | $1.2B |
| Q4 25 | $1.8B | $4.9B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.8B | $5.1B | ||
| Q1 25 | $1.8B | $5.1B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.7B | $5.3B | ||
| Q2 24 | $1.9B | $5.7B | ||
| Q1 24 | $2.1B | $6.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 304.87× | ||
| Q4 24 | — | 53.67× | ||
| Q3 24 | — | 21.73× | ||
| Q2 24 | — | 7.48× | ||
| Q1 24 | — | 3.85× |
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 | $66.3M |
| Free Cash FlowOCF − Capex | $26.1M | $36.4M |
| FCF MarginFCF / Revenue | 14.2% | 14.8% |
| Capex IntensityCapex / Revenue | 0.3% | 12.1% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $66.3M | ||
| Q3 25 | $63.8M | $19.9M | ||
| Q2 25 | $32.3M | $61.2M | ||
| Q1 25 | $46.7M | $-30.1M | ||
| Q4 24 | $43.8M | $-33.4M | ||
| Q3 24 | $55.9M | $72.8M | ||
| Q2 24 | $40.7M | $18.5M | ||
| Q1 24 | $50.4M | $49.7M |
| Q4 25 | $26.1M | $36.4M | ||
| Q3 25 | $63.3M | $-16.3M | ||
| Q2 25 | $31.4M | $36.6M | ||
| Q1 25 | $40.8M | $-68.9M | ||
| Q4 24 | $43.0M | $-63.8M | ||
| Q3 24 | $55.5M | $41.1M | ||
| Q2 24 | $40.0M | $-7.0M | ||
| Q1 24 | $50.1M | $19.2M |
| Q4 25 | 14.2% | 14.8% | ||
| Q3 25 | 35.5% | -6.6% | ||
| Q2 25 | 18.2% | 15.2% | ||
| Q1 25 | 24.4% | -29.8% | ||
| Q4 24 | 25.4% | -27.5% | ||
| Q3 24 | 33.5% | 17.8% | ||
| Q2 24 | 24.9% | -3.0% | ||
| Q1 24 | 31.8% | 8.2% |
| Q4 25 | 0.3% | 12.1% | ||
| Q3 25 | 0.3% | 14.7% | ||
| Q2 25 | 0.6% | 10.2% | ||
| Q1 25 | 3.6% | 16.8% | ||
| Q4 24 | 0.4% | 13.1% | ||
| Q3 24 | 0.2% | 13.8% | ||
| Q2 24 | 0.4% | 10.9% | ||
| Q1 24 | 0.2% | 13.0% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | — |
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% |
CTEV
Segment breakdown not available.
