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Side-by-side financial comparison of BLACKLINE, INC. (BL) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $177.1M, roughly 1.0× GCM Grosvenor Inc.). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs 2.7%, a 30.2% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $26.1M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 7.9%).
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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
BL vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $177.1M |
| Net Profit | $4.9M | $58.2M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 30.9% |
| Net Margin | 2.7% | 32.8% |
| Revenue YoY | 8.1% | 7.2% |
| Net Profit YoY | -91.3% | 149.2% |
| EPS (diluted) | $0.07 | $0.23 |
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 | $177.1M | ||
| Q3 25 | $178.3M | $135.0M | ||
| Q2 25 | $172.0M | $119.7M | ||
| Q1 25 | $166.9M | $125.8M | ||
| Q4 24 | $169.5M | $165.3M | ||
| Q3 24 | $165.9M | $122.9M | ||
| Q2 24 | $160.5M | $117.0M | ||
| Q1 24 | $157.5M | $108.9M |
| Q4 25 | $4.9M | $58.2M | ||
| Q3 25 | $5.3M | $10.5M | ||
| Q2 25 | $8.3M | $15.4M | ||
| Q1 25 | $6.1M | $463.0K | ||
| Q4 24 | $56.4M | $7.6M | ||
| Q3 24 | $17.2M | $4.2M | ||
| Q2 24 | $76.7M | $4.8M | ||
| Q1 24 | $10.8M | $2.1M |
| 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% | 30.9% | ||
| Q3 25 | 4.3% | 32.7% | ||
| Q2 25 | 4.4% | 16.1% | ||
| Q1 25 | 2.1% | 12.2% | ||
| Q4 24 | 3.7% | 26.4% | ||
| Q3 24 | 5.0% | 20.3% | ||
| Q2 24 | 1.4% | 17.8% | ||
| Q1 24 | 1.1% | -14.7% |
| Q4 25 | 2.7% | 32.8% | ||
| Q3 25 | 3.0% | 7.8% | ||
| Q2 25 | 4.8% | 12.9% | ||
| Q1 25 | 3.6% | 0.4% | ||
| Q4 24 | 33.3% | 4.6% | ||
| Q3 24 | 10.4% | 3.4% | ||
| Q2 24 | 47.8% | 4.1% | ||
| Q1 24 | 6.9% | 2.0% |
| Q4 25 | $0.07 | $0.23 | ||
| Q3 25 | $0.09 | $0.16 | ||
| Q2 25 | $0.13 | $0.05 | ||
| Q1 25 | $0.10 | $-0.02 | ||
| Q4 24 | $0.79 | $0.09 | ||
| Q3 24 | $0.27 | $0.03 | ||
| Q2 24 | $0.22 | $0.04 | ||
| Q1 24 | $0.17 | $-0.13 |
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 | $242.1M |
| Total DebtLower is stronger | — | $428.4M |
| Stockholders' EquityBook value | $332.3M | $27.0M |
| Total Assets | $1.8B | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $242.1M | ||
| Q3 25 | $419.9M | $182.7M | ||
| Q2 25 | $459.1M | $136.3M | ||
| Q1 25 | $479.5M | $94.5M | ||
| Q4 24 | $885.9M | $89.5M | ||
| Q3 24 | $725.3M | $98.4M | ||
| Q2 24 | $616.6M | $73.9M | ||
| Q1 24 | $331.4M | $41.9M |
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
| Q4 25 | $332.3M | $27.0M | ||
| Q3 25 | $328.3M | $-7.4M | ||
| Q2 25 | $414.0M | $-12.3M | ||
| Q1 25 | $417.9M | $-28.3M | ||
| Q4 24 | $446.7M | $-27.6M | ||
| Q3 24 | $367.9M | $-31.9M | ||
| Q2 24 | $325.8M | $-28.5M | ||
| Q1 24 | $279.8M | $-26.4M |
| Q4 25 | $1.8B | $813.8M | ||
| Q3 25 | $1.7B | $685.9M | ||
| Q2 25 | $1.8B | $636.9M | ||
| Q1 25 | $1.8B | $579.8M | ||
| Q4 24 | $1.8B | $612.7M | ||
| Q3 24 | $1.7B | $575.0M | ||
| Q2 24 | $1.9B | $543.9M | ||
| Q1 24 | $2.1B | $497.3M |
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $183.5M |
| Free Cash FlowOCF − Capex | $26.1M | $175.0M |
| FCF MarginFCF / Revenue | 14.2% | 98.8% |
| Capex IntensityCapex / Revenue | 0.3% | 4.8% |
| Cash ConversionOCF / Net Profit | 5.46× | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $183.5M | ||
| Q3 25 | $63.8M | $79.8M | ||
| Q2 25 | $32.3M | $42.0M | ||
| Q1 25 | $46.7M | $33.3M | ||
| Q4 24 | $43.8M | $148.8M | ||
| Q3 24 | $55.9M | $69.0M | ||
| Q2 24 | $40.7M | $17.5M | ||
| Q1 24 | $50.4M | $24.2M |
| Q4 25 | $26.1M | $175.0M | ||
| Q3 25 | $63.3M | $78.3M | ||
| Q2 25 | $31.4M | $40.8M | ||
| Q1 25 | $40.8M | $32.1M | ||
| Q4 24 | $43.0M | $132.0M | ||
| Q3 24 | $55.5M | $62.2M | ||
| Q2 24 | $40.0M | $12.8M | ||
| Q1 24 | $50.1M | $20.0M |
| Q4 25 | 14.2% | 98.8% | ||
| Q3 25 | 35.5% | 58.0% | ||
| Q2 25 | 18.2% | 34.1% | ||
| Q1 25 | 24.4% | 25.5% | ||
| Q4 24 | 25.4% | 79.9% | ||
| Q3 24 | 33.5% | 50.6% | ||
| Q2 24 | 24.9% | 10.9% | ||
| Q1 24 | 31.8% | 18.4% |
| Q4 25 | 0.3% | 4.8% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.6% | 1.0% | ||
| Q1 25 | 3.6% | 0.9% | ||
| Q4 24 | 0.4% | 10.1% | ||
| Q3 24 | 0.2% | 5.5% | ||
| Q2 24 | 0.4% | 4.0% | ||
| Q1 24 | 0.2% | 3.9% |
| Q4 25 | 5.46× | 3.16× | ||
| Q3 25 | 12.07× | 7.61× | ||
| Q2 25 | 3.90× | 2.72× | ||
| Q1 25 | 7.72× | 71.84× | ||
| Q4 24 | 0.78× | 19.54× | ||
| Q3 24 | 3.24× | 16.60× | ||
| Q2 24 | 0.53× | 3.64× | ||
| Q1 24 | 4.66× | 11.40× |
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% |
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
