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Side-by-side financial comparison of BLACKLINE, INC. (BL) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $159.9M, roughly 1.1× INSTEEL INDUSTRIES INC). INSTEEL INDUSTRIES INC runs the higher net margin — 4.7% vs 2.7%, a 2.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
BL vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $159.9M |
| Net Profit | $4.9M | $7.6M |
| Gross Margin | 75.2% | 11.3% |
| Operating Margin | 3.7% | 6.0% |
| Net Margin | 2.7% | 4.7% |
| Revenue YoY | 8.1% | 23.3% |
| Net Profit YoY | -91.3% | 602.4% |
| EPS (diluted) | $0.07 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $178.3M | $177.4M | ||
| Q2 25 | $172.0M | $179.9M | ||
| Q1 25 | $166.9M | $160.7M | ||
| Q4 24 | $169.5M | $129.7M | ||
| Q3 24 | $165.9M | $134.3M | ||
| Q2 24 | $160.5M | $145.8M | ||
| Q1 24 | $157.5M | $127.4M |
| Q4 25 | $4.9M | $7.6M | ||
| Q3 25 | $5.3M | $14.6M | ||
| Q2 25 | $8.3M | $15.2M | ||
| Q1 25 | $6.1M | $10.2M | ||
| Q4 24 | $56.4M | $1.1M | ||
| Q3 24 | $17.2M | $4.7M | ||
| Q2 24 | $76.7M | $6.6M | ||
| Q1 24 | $10.8M | $6.9M |
| Q4 25 | 75.2% | 11.3% | ||
| Q3 25 | 75.1% | 16.1% | ||
| Q2 25 | 75.2% | 17.1% | ||
| Q1 25 | 75.5% | 15.3% | ||
| Q4 24 | 75.6% | 7.3% | ||
| Q3 24 | 75.2% | 9.1% | ||
| Q2 24 | 74.9% | 10.6% | ||
| Q1 24 | 75.2% | 12.3% |
| Q4 25 | 3.7% | 6.0% | ||
| Q3 25 | 4.3% | 10.8% | ||
| Q2 25 | 4.4% | 11.0% | ||
| Q1 25 | 2.1% | 8.3% | ||
| Q4 24 | 3.7% | 1.1% | ||
| Q3 24 | 5.0% | 4.5% | ||
| Q2 24 | 1.4% | 6.0% | ||
| Q1 24 | 1.1% | 7.0% |
| Q4 25 | 2.7% | 4.7% | ||
| Q3 25 | 3.0% | 8.2% | ||
| Q2 25 | 4.8% | 8.4% | ||
| Q1 25 | 3.6% | 6.4% | ||
| Q4 24 | 33.3% | 0.8% | ||
| Q3 24 | 10.4% | 3.5% | ||
| Q2 24 | 47.8% | 4.5% | ||
| Q1 24 | 6.9% | 5.4% |
| Q4 25 | $0.07 | $0.39 | ||
| Q3 25 | $0.09 | $0.74 | ||
| Q2 25 | $0.13 | $0.78 | ||
| Q1 25 | $0.10 | $0.52 | ||
| Q4 24 | $0.79 | $0.06 | ||
| Q3 24 | $0.27 | $0.24 | ||
| Q2 24 | $0.22 | $0.34 | ||
| Q1 24 | $0.17 | $0.35 |
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 | $15.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $358.8M |
| Total Assets | $1.8B | $456.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $15.6M | ||
| Q3 25 | $419.9M | $38.6M | ||
| Q2 25 | $459.1M | $53.7M | ||
| Q1 25 | $479.5M | $28.4M | ||
| Q4 24 | $885.9M | $36.0M | ||
| Q3 24 | $725.3M | $111.5M | ||
| Q2 24 | $616.6M | $97.7M | ||
| Q1 24 | $331.4M | $83.9M |
| Q4 25 | $332.3M | $358.8M | ||
| Q3 25 | $328.3M | $371.5M | ||
| Q2 25 | $414.0M | $356.2M | ||
| Q1 25 | $417.9M | $341.4M | ||
| Q4 24 | $446.7M | $331.6M | ||
| Q3 24 | $367.9M | $350.9M | ||
| Q2 24 | $325.8M | $346.0M | ||
| Q1 24 | $279.8M | $340.6M |
| Q4 25 | $1.8B | $456.1M | ||
| Q3 25 | $1.7B | $462.6M | ||
| Q2 25 | $1.8B | $471.9M | ||
| Q1 25 | $1.8B | $421.9M | ||
| Q4 24 | $1.8B | $404.7M | ||
| Q3 24 | $1.7B | $422.6M | ||
| Q2 24 | $1.9B | $414.6M | ||
| Q1 24 | $2.1B | $397.2M |
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 | $-701.0K |
| Free Cash FlowOCF − Capex | $26.1M | $-2.2M |
| FCF MarginFCF / Revenue | 14.2% | -1.4% |
| Capex IntensityCapex / Revenue | 0.3% | 0.9% |
| Cash ConversionOCF / Net Profit | 5.46× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-701.0K | ||
| Q3 25 | $63.8M | $-17.0M | ||
| Q2 25 | $32.3M | $28.5M | ||
| Q1 25 | $46.7M | $-3.3M | ||
| Q4 24 | $43.8M | $19.0M | ||
| Q3 24 | $55.9M | $16.2M | ||
| Q2 24 | $40.7M | $18.8M | ||
| Q1 24 | $50.4M | $1.4M |
| Q4 25 | $26.1M | $-2.2M | ||
| Q3 25 | $63.3M | $-18.7M | ||
| Q2 25 | $31.4M | $26.9M | ||
| Q1 25 | $40.8M | $-5.5M | ||
| Q4 24 | $43.0M | $16.3M | ||
| Q3 24 | $55.5M | $14.5M | ||
| Q2 24 | $40.0M | $15.5M | ||
| Q1 24 | $50.1M | $-580.0K |
| Q4 25 | 14.2% | -1.4% | ||
| Q3 25 | 35.5% | -10.6% | ||
| Q2 25 | 18.2% | 15.0% | ||
| Q1 25 | 24.4% | -3.5% | ||
| Q4 24 | 25.4% | 12.6% | ||
| Q3 24 | 33.5% | 10.8% | ||
| Q2 24 | 24.9% | 10.7% | ||
| Q1 24 | 31.8% | -0.5% |
| Q4 25 | 0.3% | 0.9% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 0.6% | 0.9% | ||
| Q1 25 | 3.6% | 1.4% | ||
| Q4 24 | 0.4% | 2.1% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.4% | 2.2% | ||
| Q1 24 | 0.2% | 1.5% |
| Q4 25 | 5.46× | -0.09× | ||
| Q3 25 | 12.07× | -1.17× | ||
| Q2 25 | 3.90× | 1.88× | ||
| Q1 25 | 7.72× | -0.32× | ||
| Q4 24 | 0.78× | 17.56× | ||
| Q3 24 | 3.24× | 3.48× | ||
| Q2 24 | 0.53× | 2.86× | ||
| Q1 24 | 4.66× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
