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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Essent Group Ltd. (ESNT). Click either name above to swap in a different company.
Essent Group Ltd. is the larger business by last-quarter revenue ($312.4M vs $183.2M, roughly 1.7× BLACKLINE, INC.). Essent Group Ltd. runs the higher net margin — 49.6% vs 2.7%, a 46.9% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -0.8%). Essent Group Ltd. produced more free cash flow last quarter ($848.7M vs $26.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 2.3%).
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.
Essentra PLC is a supplier of plastic and fibre products. The company operates internationally from headquarters in Kidlington, Oxfordshire. It is listed on the London Stock Exchange.
BL vs ESNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $312.4M |
| Net Profit | $4.9M | $155.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 59.1% |
| Net Margin | 2.7% | 49.6% |
| Revenue YoY | 8.1% | -0.8% |
| Net Profit YoY | -91.3% | -7.7% |
| EPS (diluted) | $0.07 | $1.61 |
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 | $312.4M | ||
| Q3 25 | $178.3M | $311.8M | ||
| Q2 25 | $172.0M | $319.1M | ||
| Q1 25 | $166.9M | $317.6M | ||
| Q4 24 | $169.5M | $315.0M | ||
| Q3 24 | $165.9M | $316.6M | ||
| Q2 24 | $160.5M | $312.9M | ||
| Q1 24 | $157.5M | $298.4M |
| Q4 25 | $4.9M | $155.0M | ||
| Q3 25 | $5.3M | $164.2M | ||
| Q2 25 | $8.3M | $195.3M | ||
| Q1 25 | $6.1M | $175.4M | ||
| Q4 24 | $56.4M | $167.9M | ||
| Q3 24 | $17.2M | $176.2M | ||
| Q2 24 | $76.7M | $203.6M | ||
| Q1 24 | $10.8M | $181.7M |
| 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% | 59.1% | ||
| Q3 25 | 4.3% | 63.9% | ||
| Q2 25 | 4.4% | 72.4% | ||
| Q1 25 | 2.1% | 65.2% | ||
| Q4 24 | 3.7% | 61.9% | ||
| Q3 24 | 5.0% | 65.6% | ||
| Q2 24 | 1.4% | 76.4% | ||
| Q1 24 | 1.1% | 71.6% |
| Q4 25 | 2.7% | 49.6% | ||
| Q3 25 | 3.0% | 52.7% | ||
| Q2 25 | 4.8% | 61.2% | ||
| Q1 25 | 3.6% | 55.2% | ||
| Q4 24 | 33.3% | 53.3% | ||
| Q3 24 | 10.4% | 55.6% | ||
| Q2 24 | 47.8% | 65.1% | ||
| Q1 24 | 6.9% | 60.9% |
| Q4 25 | $0.07 | $1.61 | ||
| Q3 25 | $0.09 | $1.67 | ||
| Q2 25 | $0.13 | $1.93 | ||
| Q1 25 | $0.10 | $1.69 | ||
| Q4 24 | $0.79 | $1.59 | ||
| Q3 24 | $0.27 | $1.65 | ||
| Q2 24 | $0.22 | $1.91 | ||
| Q1 24 | $0.17 | $1.70 |
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 | — | — |
| Stockholders' EquityBook value | $332.3M | $5.8B |
| Total Assets | $1.8B | $7.4B |
| Debt / EquityLower = less leverage | — | — |
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 | $332.3M | $5.8B | ||
| Q3 25 | $328.3M | $5.7B | ||
| Q2 25 | $414.0M | $5.7B | ||
| Q1 25 | $417.9M | $5.7B | ||
| Q4 24 | $446.7M | $5.6B | ||
| Q3 24 | $367.9M | $5.6B | ||
| Q2 24 | $325.8M | $5.4B | ||
| Q1 24 | $279.8M | $5.2B |
| Q4 25 | $1.8B | $7.4B | ||
| Q3 25 | $1.7B | $7.4B | ||
| Q2 25 | $1.8B | $7.2B | ||
| Q1 25 | $1.8B | $7.2B | ||
| Q4 24 | $1.8B | $7.1B | ||
| Q3 24 | $1.7B | $7.1B | ||
| Q2 24 | $1.9B | $6.7B | ||
| Q1 24 | $2.1B | $6.6B |
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 | $856.1M |
| Free Cash FlowOCF − Capex | $26.1M | $848.7M |
| FCF MarginFCF / Revenue | 14.2% | 271.7% |
| Capex IntensityCapex / Revenue | 0.3% | 2.4% |
| Cash ConversionOCF / Net Profit | 5.46× | 5.52× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $856.1M | ||
| Q3 25 | $63.8M | $215.9M | ||
| Q2 25 | $32.3M | $189.5M | ||
| Q1 25 | $46.7M | $221.6M | ||
| Q4 24 | $43.8M | $861.5M | ||
| Q3 24 | $55.9M | $229.2M | ||
| Q2 24 | $40.7M | $188.7M | ||
| Q1 24 | $50.4M | $216.9M |
| Q4 25 | $26.1M | $848.7M | ||
| Q3 25 | $63.3M | $210.6M | ||
| Q2 25 | $31.4M | $188.8M | ||
| Q1 25 | $40.8M | $221.3M | ||
| Q4 24 | $43.0M | $854.8M | ||
| Q3 24 | $55.5M | $228.7M | ||
| Q2 24 | $40.0M | $187.6M | ||
| Q1 24 | $50.1M | $212.5M |
| Q4 25 | 14.2% | 271.7% | ||
| Q3 25 | 35.5% | 67.5% | ||
| Q2 25 | 18.2% | 59.2% | ||
| Q1 25 | 24.4% | 69.7% | ||
| Q4 24 | 25.4% | 271.3% | ||
| Q3 24 | 33.5% | 72.2% | ||
| Q2 24 | 24.9% | 60.0% | ||
| Q1 24 | 31.8% | 71.2% |
| Q4 25 | 0.3% | 2.4% | ||
| Q3 25 | 0.3% | 1.7% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 3.6% | 0.1% | ||
| Q4 24 | 0.4% | 2.1% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.4% | 0.3% | ||
| Q1 24 | 0.2% | 1.5% |
| Q4 25 | 5.46× | 5.52× | ||
| Q3 25 | 12.07× | 1.31× | ||
| Q2 25 | 3.90× | 0.97× | ||
| Q1 25 | 7.72× | 1.26× | ||
| Q4 24 | 0.78× | 5.13× | ||
| Q3 24 | 3.24× | 1.30× | ||
| Q2 24 | 0.53× | 0.93× | ||
| Q1 24 | 4.66× | 1.19× |
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% |
ESNT
| Mortgage Insurance Segment | $192.4M | 62% |
| Other | $120.0M | 38% |
