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Side-by-side financial comparison of BLACKLINE, INC. (BL) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $133.7M, roughly 1.4× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 2.7%, a 25.4% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs 8.1%). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 5.5%).
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.
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
BL vs FCF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $133.7M |
| Net Profit | $4.9M | $37.5M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | 28.1% |
| Revenue YoY | 8.1% | 13.0% |
| Net Profit YoY | -91.3% | -16.3% |
| EPS (diluted) | $0.07 | $0.37 |
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.
| Q1 26 | — | $133.7M | ||
| Q4 25 | $183.2M | $137.9M | ||
| Q3 25 | $178.3M | $136.0M | ||
| Q2 25 | $172.0M | $131.0M | ||
| Q1 25 | $166.9M | $118.0M | ||
| Q4 24 | $169.5M | $120.4M | ||
| Q3 24 | $165.9M | $121.2M | ||
| Q2 24 | $160.5M | $120.2M |
| Q1 26 | — | $37.5M | ||
| Q4 25 | $4.9M | $44.9M | ||
| Q3 25 | $5.3M | $41.3M | ||
| Q2 25 | $8.3M | $33.4M | ||
| Q1 25 | $6.1M | $32.7M | ||
| Q4 24 | $56.4M | $35.8M | ||
| Q3 24 | $17.2M | $32.1M | ||
| Q2 24 | $76.7M | $37.1M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 3.7% | 40.9% | ||
| Q3 25 | 4.3% | 38.1% | ||
| Q2 25 | 4.4% | 32.1% | ||
| Q1 25 | 2.1% | 34.8% | ||
| Q4 24 | 3.7% | 37.1% | ||
| Q3 24 | 5.0% | 33.4% | ||
| Q2 24 | 1.4% | 38.7% |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 2.7% | 32.5% | ||
| Q3 25 | 3.0% | 30.4% | ||
| Q2 25 | 4.8% | 25.5% | ||
| Q1 25 | 3.6% | 27.7% | ||
| Q4 24 | 33.3% | 29.8% | ||
| Q3 24 | 10.4% | 26.5% | ||
| Q2 24 | 47.8% | 30.9% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $0.07 | $0.44 | ||
| Q3 25 | $0.09 | $0.39 | ||
| Q2 25 | $0.13 | $0.32 | ||
| Q1 25 | $0.10 | $0.32 | ||
| Q4 24 | $0.79 | $0.35 | ||
| Q3 24 | $0.27 | $0.31 | ||
| Q2 24 | $0.22 | $0.36 |
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 | — | $154.9M |
| Stockholders' EquityBook value | $332.3M | $1.6B |
| Total Assets | $1.8B | $12.3B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | $154.9M | ||
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $262.1M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $262.7M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $136.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $332.3M | $1.6B | ||
| Q3 25 | $328.3M | $1.5B | ||
| Q2 25 | $414.0M | $1.5B | ||
| Q1 25 | $417.9M | $1.4B | ||
| Q4 24 | $446.7M | $1.4B | ||
| Q3 24 | $367.9M | $1.4B | ||
| Q2 24 | $325.8M | $1.4B |
| Q1 26 | — | $12.3B | ||
| Q4 25 | $1.8B | $12.3B | ||
| Q3 25 | $1.7B | $12.3B | ||
| Q2 25 | $1.8B | $12.2B | ||
| Q1 25 | $1.8B | $11.8B | ||
| Q4 24 | $1.8B | $11.6B | ||
| Q3 24 | $1.7B | $12.0B | ||
| Q2 24 | $1.9B | $11.6B |
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.10× | ||
| Q2 24 | — | 0.10× |
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 | — |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $187.5M | ||
| Q3 25 | $63.8M | $49.5M | ||
| Q2 25 | $32.3M | $30.4M | ||
| Q1 25 | $46.7M | $55.9M | ||
| Q4 24 | $43.8M | $129.5M | ||
| Q3 24 | $55.9M | $53.6M | ||
| Q2 24 | $40.7M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $171.5M | ||
| Q3 25 | $63.3M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $43.0M | $113.9M | ||
| Q3 24 | $55.5M | — | ||
| Q2 24 | $40.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | 124.3% | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 25.4% | 94.6% | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 24.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 11.7% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 0.4% | 12.9% | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | 4.18× | ||
| Q3 25 | 12.07× | 1.20× | ||
| Q2 25 | 3.90× | 0.91× | ||
| Q1 25 | 7.72× | 1.71× | ||
| Q4 24 | 0.78× | 3.61× | ||
| Q3 24 | 3.24× | 1.67× | ||
| Q2 24 | 0.53× | 0.61× |
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% |
FCF
Segment breakdown not available.
