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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $183.2M, roughly 1.6× BLACKLINE, INC.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 2.7%, a 10.3% gap on every dollar of revenue. Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 0.6%).
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.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
BL vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $300.5M |
| Net Profit | $4.9M | $39.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | 13.0% |
| Revenue YoY | 8.1% | — |
| Net Profit YoY | -91.3% | -12.4% |
| EPS (diluted) | $0.07 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $183.2M | $329.9M | ||
| Q3 25 | $178.3M | $330.2M | ||
| Q2 25 | $172.0M | $303.3M | ||
| Q1 25 | $166.9M | $318.5M | ||
| Q4 24 | $169.5M | $301.1M | ||
| Q3 24 | $165.9M | $305.5M | ||
| Q2 24 | $160.5M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $4.9M | $41.6M | ||
| Q3 25 | $5.3M | $45.8M | ||
| Q2 25 | $8.3M | $36.1M | ||
| Q1 25 | $6.1M | $42.1M | ||
| Q4 24 | $56.4M | $35.5M | ||
| Q3 24 | $17.2M | $29.7M | ||
| Q2 24 | $76.7M | $20.3M |
| 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% | 16.1% | ||
| Q3 25 | 4.3% | 18.4% | ||
| Q2 25 | 4.4% | 16.3% | ||
| Q1 25 | 2.1% | 18.1% | ||
| Q4 24 | 3.7% | 14.7% | ||
| Q3 24 | 5.0% | 13.9% | ||
| Q2 24 | 1.4% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 2.7% | 12.6% | ||
| Q3 25 | 3.0% | 13.9% | ||
| Q2 25 | 4.8% | 11.9% | ||
| Q1 25 | 3.6% | 13.2% | ||
| Q4 24 | 33.3% | 11.8% | ||
| Q3 24 | 10.4% | 9.7% | ||
| Q2 24 | 47.8% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.07 | $0.68 | ||
| Q3 25 | $0.09 | $0.74 | ||
| Q2 25 | $0.13 | $0.57 | ||
| Q1 25 | $0.10 | $0.65 | ||
| Q4 24 | $0.79 | $0.55 | ||
| Q3 24 | $0.27 | $0.46 | ||
| Q2 24 | $0.22 | $0.31 |
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 | — | $990.8M |
| Stockholders' EquityBook value | $332.3M | $2.2B |
| Total Assets | $1.8B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
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 | — | $990.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $332.3M | $2.2B | ||
| Q3 25 | $328.3M | $2.2B | ||
| Q2 25 | $414.0M | $2.2B | ||
| Q1 25 | $417.9M | $2.2B | ||
| Q4 24 | $446.7M | $2.2B | ||
| Q3 24 | $367.9M | $2.2B | ||
| Q2 24 | $325.8M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $1.8B | $15.8B | ||
| Q3 25 | $1.7B | $15.6B | ||
| Q2 25 | $1.8B | $15.4B | ||
| Q1 25 | $1.8B | $15.8B | ||
| Q4 24 | $1.8B | $16.3B | ||
| Q3 24 | $1.7B | $15.9B | ||
| Q2 24 | $1.9B | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | $-38.7M | ||
| Q3 25 | $63.8M | $273.0M | ||
| Q2 25 | $32.3M | $-234.6M | ||
| Q1 25 | $46.7M | $5.8M | ||
| Q4 24 | $43.8M | $273.9M | ||
| Q3 24 | $55.9M | $515.6M | ||
| Q2 24 | $40.7M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $-55.5M | ||
| Q3 25 | $63.3M | $271.0M | ||
| Q2 25 | $31.4M | $-234.6M | ||
| Q1 25 | $40.8M | $5.0M | ||
| Q4 24 | $43.0M | $266.8M | ||
| Q3 24 | $55.5M | $513.8M | ||
| Q2 24 | $40.0M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | -16.8% | ||
| Q3 25 | 35.5% | 82.1% | ||
| Q2 25 | 18.2% | -77.4% | ||
| Q1 25 | 24.4% | 1.6% | ||
| Q4 24 | 25.4% | 88.6% | ||
| Q3 24 | 33.5% | 168.2% | ||
| Q2 24 | 24.9% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 5.1% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.6% | 0.0% | ||
| Q1 25 | 3.6% | 0.3% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.4% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | -0.93× | ||
| Q3 25 | 12.07× | 5.96× | ||
| Q2 25 | 3.90× | -6.50× | ||
| Q1 25 | 7.72× | 0.14× | ||
| Q4 24 | 0.78× | 7.71× | ||
| Q3 24 | 3.24× | 17.36× | ||
| Q2 24 | 0.53× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
