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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $183.2M, roughly 1.5× BLACKLINE, INC.). Forestar Group Inc. runs the higher net margin — 5.6% vs 2.7%, a 3.0% gap on every dollar of revenue. On growth, Forestar Group Inc. posted the faster year-over-year revenue change (9.0% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-157.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
BL vs FOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $273.0M |
| Net Profit | $4.9M | $15.4M |
| Gross Margin | 75.2% | 20.1% |
| Operating Margin | 3.7% | 7.6% |
| Net Margin | 2.7% | 5.6% |
| Revenue YoY | 8.1% | 9.0% |
| Net Profit YoY | -91.3% | -6.7% |
| EPS (diluted) | $0.07 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $178.3M | $670.5M | ||
| Q2 25 | $172.0M | $390.5M | ||
| Q1 25 | $166.9M | $351.0M | ||
| Q4 24 | $169.5M | $250.4M | ||
| Q3 24 | $165.9M | $551.3M | ||
| Q2 24 | $160.5M | $318.4M | ||
| Q1 24 | $157.5M | $333.8M |
| Q4 25 | $4.9M | $15.4M | ||
| Q3 25 | $5.3M | $86.9M | ||
| Q2 25 | $8.3M | $32.9M | ||
| Q1 25 | $6.1M | $31.6M | ||
| Q4 24 | $56.4M | $16.5M | ||
| Q3 24 | $17.2M | $81.5M | ||
| Q2 24 | $76.7M | $38.7M | ||
| Q1 24 | $10.8M | $45.0M |
| Q4 25 | 75.2% | 20.1% | ||
| Q3 25 | 75.1% | 22.3% | ||
| Q2 25 | 75.2% | 20.4% | ||
| Q1 25 | 75.5% | 22.6% | ||
| Q4 24 | 75.6% | 22.0% | ||
| Q3 24 | 75.2% | 23.9% | ||
| Q2 24 | 74.9% | 22.5% | ||
| Q1 24 | 75.2% | 24.9% |
| Q4 25 | 3.7% | 7.6% | ||
| Q3 25 | 4.3% | 16.9% | ||
| Q2 25 | 4.4% | 11.2% | ||
| Q1 25 | 2.1% | 11.6% | ||
| Q4 24 | 3.7% | 8.7% | ||
| Q3 24 | 5.0% | 19.7% | ||
| Q2 24 | 1.4% | 16.2% | ||
| Q1 24 | 1.1% | 17.6% |
| Q4 25 | 2.7% | 5.6% | ||
| Q3 25 | 3.0% | 13.0% | ||
| Q2 25 | 4.8% | 8.4% | ||
| Q1 25 | 3.6% | 9.0% | ||
| Q4 24 | 33.3% | 6.6% | ||
| Q3 24 | 10.4% | 14.8% | ||
| Q2 24 | 47.8% | 12.2% | ||
| Q1 24 | 6.9% | 13.5% |
| Q4 25 | $0.07 | $0.30 | ||
| Q3 25 | $0.09 | $1.70 | ||
| Q2 25 | $0.13 | $0.65 | ||
| Q1 25 | $0.10 | $0.62 | ||
| Q4 24 | $0.79 | $0.32 | ||
| Q3 24 | $0.27 | $1.59 | ||
| Q2 24 | $0.22 | $0.76 | ||
| Q1 24 | $0.17 | $0.89 |
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 | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $332.3M | $1.8B |
| Total Assets | $1.8B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $211.7M | ||
| Q3 25 | $419.9M | $379.2M | ||
| Q2 25 | $459.1M | $189.2M | ||
| Q1 25 | $479.5M | $174.3M | ||
| Q4 24 | $885.9M | $132.0M | ||
| Q3 24 | $725.3M | $481.2M | ||
| Q2 24 | $616.6M | $359.2M | ||
| Q1 24 | $331.4M | $416.2M |
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
| Q4 25 | $332.3M | $1.8B | ||
| Q3 25 | $328.3M | $1.8B | ||
| Q2 25 | $414.0M | $1.7B | ||
| Q1 25 | $417.9M | $1.6B | ||
| Q4 24 | $446.7M | $1.6B | ||
| Q3 24 | $367.9M | $1.6B | ||
| Q2 24 | $325.8M | $1.5B | ||
| Q1 24 | $279.8M | $1.5B |
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.7B | $3.1B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.8B | $3.0B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.7B | $2.8B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | $2.1B | $2.6B |
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| Free Cash FlowOCF − Capex | $26.1M | $-157.1M |
| FCF MarginFCF / Revenue | 14.2% | -57.5% |
| Capex IntensityCapex / Revenue | 0.3% | 0.0% |
| Cash ConversionOCF / Net Profit | 5.46× | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-157.0M | ||
| Q3 25 | $63.8M | $256.3M | ||
| Q2 25 | $32.3M | $15.8M | ||
| Q1 25 | $46.7M | $-19.8M | ||
| Q4 24 | $43.8M | $-450.0M | ||
| Q3 24 | $55.9M | $119.2M | ||
| Q2 24 | $40.7M | $-61.7M | ||
| Q1 24 | $50.4M | $-59.2M |
| Q4 25 | $26.1M | $-157.1M | ||
| Q3 25 | $63.3M | $255.6M | ||
| Q2 25 | $31.4M | $15.0M | ||
| Q1 25 | $40.8M | $-20.5M | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $55.5M | $118.4M | ||
| Q2 24 | $40.0M | $-62.3M | ||
| Q1 24 | $50.1M | $-59.8M |
| Q4 25 | 14.2% | -57.5% | ||
| Q3 25 | 35.5% | 38.1% | ||
| Q2 25 | 18.2% | 3.8% | ||
| Q1 25 | 24.4% | -5.8% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 33.5% | 21.5% | ||
| Q2 24 | 24.9% | -19.6% | ||
| Q1 24 | 31.8% | -17.9% |
| Q4 25 | 0.3% | 0.0% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 3.6% | 0.2% | ||
| Q4 24 | 0.4% | 0.0% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.4% | 0.2% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | 5.46× | -10.19× | ||
| Q3 25 | 12.07× | 2.95× | ||
| Q2 25 | 3.90× | 0.48× | ||
| Q1 25 | 7.72× | -0.63× | ||
| Q4 24 | 0.78× | -27.27× | ||
| Q3 24 | 3.24× | 1.46× | ||
| Q2 24 | 0.53× | -1.59× | ||
| Q1 24 | 4.66× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
