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Side-by-side financial comparison of BLACKLINE, INC. (BL) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.
HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $183.2M, roughly 1.5× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs 0.7%, a 1.9% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -16.5%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $3.4M).
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.
HUTCHMED (China) LtdHCMEarnings & Financial Report
HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.
BL vs HCM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $270.8M |
| Net Profit | $4.9M | $2.0M |
| Gross Margin | 75.2% | 37.7% |
| Operating Margin | 3.7% | -13.2% |
| Net Margin | 2.7% | 0.7% |
| Revenue YoY | 8.1% | -16.5% |
| Net Profit YoY | -91.3% | -83.6% |
| EPS (diluted) | $0.07 | $0.00 |
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 | $270.8M | ||
| Q3 25 | $178.3M | — | ||
| Q2 25 | $172.0M | $277.7M | ||
| Q1 25 | $166.9M | $324.5M | ||
| Q4 24 | $169.5M | — | ||
| Q3 24 | $165.9M | — | ||
| Q2 24 | $160.5M | $305.7M | ||
| Q1 24 | $157.5M | — |
| Q4 25 | $4.9M | $2.0M | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $8.3M | $455.0M | ||
| Q1 25 | $6.1M | $11.9M | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $17.2M | — | ||
| Q2 24 | $76.7M | $25.8M | ||
| Q1 24 | $10.8M | — |
| Q4 25 | 75.2% | 37.7% | ||
| Q3 25 | 75.1% | — | ||
| Q2 25 | 75.2% | 0.1% | ||
| Q1 25 | 75.5% | 48.0% | ||
| Q4 24 | 75.6% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 74.9% | 41.1% | ||
| Q1 24 | 75.2% | — |
| Q4 25 | 3.7% | -13.2% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.4% | -1.3% | ||
| Q1 25 | 2.1% | -5.0% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 1.4% | -9.0% | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 2.7% | 0.7% | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 4.8% | 163.8% | ||
| Q1 25 | 3.6% | 3.7% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 47.8% | 8.4% | ||
| Q1 24 | 6.9% | — |
| Q4 25 | $0.07 | $0.00 | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.13 | $0.52 | ||
| Q1 25 | $0.10 | $0.01 | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.22 | $0.03 | ||
| Q1 24 | $0.17 | — |
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 | $1.4B |
| Total DebtLower is stronger | — | $93.2M |
| Stockholders' EquityBook value | $332.3M | $1.2B |
| Total Assets | $1.8B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $1.4B | ||
| Q3 25 | $419.9M | — | ||
| Q2 25 | $459.1M | $1.4B | ||
| Q1 25 | $479.5M | $836.1M | ||
| Q4 24 | $885.9M | — | ||
| Q3 24 | $725.3M | — | ||
| Q2 24 | $616.6M | $802.5M | ||
| Q1 24 | $331.4M | — |
| Q4 25 | — | $93.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $93.4M | ||
| Q1 25 | — | $82.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $82.1M | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | $1.2B | ||
| Q3 25 | $328.3M | — | ||
| Q2 25 | $414.0M | $1.2B | ||
| Q1 25 | $417.9M | $759.9M | ||
| Q4 24 | $446.7M | — | ||
| Q3 24 | $367.9M | — | ||
| Q2 24 | $325.8M | $740.1M | ||
| Q1 24 | $279.8M | — |
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $2.1B | — |
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.11× | ||
| 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 | $8.2M |
| Free Cash FlowOCF − Capex | $26.1M | $3.4M |
| FCF MarginFCF / Revenue | 14.2% | 1.2% |
| Capex IntensityCapex / Revenue | 0.3% | 1.8% |
| Cash ConversionOCF / Net Profit | 5.46× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-96.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $8.2M | ||
| Q3 25 | $63.8M | — | ||
| Q2 25 | $32.3M | $-72.9M | ||
| Q1 25 | $46.7M | $40.3M | ||
| Q4 24 | $43.8M | — | ||
| Q3 24 | $55.9M | — | ||
| Q2 24 | $40.7M | $-39.8M | ||
| Q1 24 | $50.4M | — |
| Q4 25 | $26.1M | $3.4M | ||
| Q3 25 | $63.3M | — | ||
| Q2 25 | $31.4M | $-82.2M | ||
| Q1 25 | $40.8M | $32.5M | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $55.5M | — | ||
| Q2 24 | $40.0M | $-49.9M | ||
| Q1 24 | $50.1M | — |
| Q4 25 | 14.2% | 1.2% | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 18.2% | -29.6% | ||
| Q1 25 | 24.4% | 10.0% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 24.9% | -16.3% | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 0.3% | 1.8% | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | 3.3% | ||
| Q1 25 | 3.6% | 2.4% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.4% | 3.3% | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 5.46× | 4.21× | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | -0.16× | ||
| Q1 25 | 7.72× | 3.38× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | -1.54× | ||
| Q1 24 | 4.66× | — |
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% |
HCM
Segment breakdown not available.
