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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $154.8M, roughly 1.2× Commercial Vehicle Group, Inc.). On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -5.2%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $8.7M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -10.8%).
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.
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
BL vs CVGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $154.8M |
| Net Profit | $4.9M | — |
| Gross Margin | 75.2% | 9.7% |
| Operating Margin | 3.7% | -1.2% |
| Net Margin | 2.7% | — |
| Revenue YoY | 8.1% | -5.2% |
| Net Profit YoY | -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 | $183.2M | $154.8M | ||
| Q3 25 | $178.3M | $152.5M | ||
| Q2 25 | $172.0M | $172.0M | ||
| Q1 25 | $166.9M | $169.8M | ||
| Q4 24 | $169.5M | $163.3M | ||
| Q3 24 | $165.9M | $171.8M | ||
| Q2 24 | $160.5M | $193.7M | ||
| Q1 24 | $157.5M | $194.6M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $5.3M | $-7.1M | ||
| Q2 25 | $8.3M | $-4.8M | ||
| Q1 25 | $6.1M | $-4.3M | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $17.2M | $9.5M | ||
| Q2 24 | $76.7M | $-1.6M | ||
| Q1 24 | $10.8M | $2.9M |
| Q4 25 | 75.2% | 9.7% | ||
| Q3 25 | 75.1% | 10.5% | ||
| Q2 25 | 75.2% | 11.4% | ||
| Q1 25 | 75.5% | 10.5% | ||
| Q4 24 | 75.6% | 8.0% | ||
| Q3 24 | 75.2% | 9.6% | ||
| Q2 24 | 74.9% | 10.6% | ||
| Q1 24 | 75.2% | 11.9% |
| Q4 25 | 3.7% | -1.2% | ||
| Q3 25 | 4.3% | -0.7% | ||
| Q2 25 | 4.4% | 0.5% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | 3.7% | -3.2% | ||
| Q3 24 | 5.0% | -0.6% | ||
| Q2 24 | 1.4% | 0.5% | ||
| Q1 24 | 1.1% | 2.3% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.0% | -4.6% | ||
| Q2 25 | 4.8% | -2.8% | ||
| Q1 25 | 3.6% | -2.5% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 10.4% | 5.5% | ||
| Q2 24 | 47.8% | -0.8% | ||
| Q1 24 | 6.9% | 1.5% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.22 | $-0.05 | ||
| Q1 24 | $0.17 | $0.09 |
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 | — |
| Total DebtLower is stronger | — | $104.9M |
| Stockholders' EquityBook value | $332.3M | $133.4M |
| Total Assets | $1.8B | $391.7M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | — | ||
| Q2 25 | $459.1M | — | ||
| Q1 25 | $479.5M | — | ||
| Q4 24 | $885.9M | — | ||
| Q3 24 | $725.3M | — | ||
| Q2 24 | $616.6M | — | ||
| Q1 24 | $331.4M | — |
| Q4 25 | — | $104.9M | ||
| Q3 25 | — | $108.2M | ||
| Q2 25 | — | $118.2M | ||
| Q1 25 | — | $117.4M | ||
| Q4 24 | — | $135.5M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | — | $155.7M |
| Q4 25 | $332.3M | $133.4M | ||
| Q3 25 | $328.3M | $136.5M | ||
| Q2 25 | $414.0M | $142.6M | ||
| Q1 25 | $417.9M | $136.7M | ||
| Q4 24 | $446.7M | $135.6M | ||
| Q3 24 | $367.9M | $179.3M | ||
| Q2 24 | $325.8M | $169.6M | ||
| Q1 24 | $279.8M | $175.5M |
| Q4 25 | $1.8B | $391.7M | ||
| Q3 25 | $1.7B | $400.3M | ||
| Q2 25 | $1.8B | $429.8M | ||
| Q1 25 | $1.8B | $419.8M | ||
| Q4 24 | $1.8B | $424.6M | ||
| Q3 24 | $1.7B | $495.3M | ||
| Q2 24 | $1.9B | $503.2M | ||
| Q1 24 | $2.1B | $509.2M |
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 0.79× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.89× |
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 | $12.3M |
| Free Cash FlowOCF − Capex | $26.1M | $8.7M |
| FCF MarginFCF / Revenue | 14.2% | 5.6% |
| Capex IntensityCapex / Revenue | 0.3% | 2.3% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $12.3M | ||
| Q3 25 | $63.8M | $-1.7M | ||
| Q2 25 | $32.3M | $18.9M | ||
| Q1 25 | $46.7M | $15.2M | ||
| Q4 24 | $43.8M | $-26.6M | ||
| Q3 24 | $55.9M | $-17.1M | ||
| Q2 24 | $40.7M | $12.6M | ||
| Q1 24 | $50.4M | $-2.4M |
| Q4 25 | $26.1M | $8.7M | ||
| Q3 25 | $63.3M | $-3.5M | ||
| Q2 25 | $31.4M | $17.4M | ||
| Q1 25 | $40.8M | $11.4M | ||
| Q4 24 | $43.0M | $-30.6M | ||
| Q3 24 | $55.5M | $-20.3M | ||
| Q2 24 | $40.0M | $6.4M | ||
| Q1 24 | $50.1M | $-7.4M |
| Q4 25 | 14.2% | 5.6% | ||
| Q3 25 | 35.5% | -2.3% | ||
| Q2 25 | 18.2% | 10.1% | ||
| Q1 25 | 24.4% | 6.7% | ||
| Q4 24 | 25.4% | -18.7% | ||
| Q3 24 | 33.5% | -11.8% | ||
| Q2 24 | 24.9% | 3.3% | ||
| Q1 24 | 31.8% | -3.8% |
| Q4 25 | 0.3% | 2.3% | ||
| Q3 25 | 0.3% | 1.2% | ||
| Q2 25 | 0.6% | 0.9% | ||
| Q1 25 | 3.6% | 2.2% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 0.2% | 1.9% | ||
| Q2 24 | 0.4% | 3.2% | ||
| Q1 24 | 0.2% | 2.6% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | -1.79× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | -0.80× |
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% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
