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Side-by-side financial comparison of BLACKLINE, INC. (BL) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
KILROY REALTY CORP is the larger business by last-quarter revenue ($272.2M vs $183.2M, roughly 1.5× BLACKLINE, INC.). KILROY REALTY CORP runs the higher net margin — 6.3% vs 2.7%, a 3.6% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $26.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -1.2%).
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.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
BL vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $272.2M |
| Net Profit | $4.9M | $17.1M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | 6.3% |
| Revenue YoY | 8.1% | -5.0% |
| Net Profit YoY | -91.3% | -73.7% |
| EPS (diluted) | $0.07 | $0.11 |
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 | $272.2M | ||
| Q3 25 | $178.3M | $279.7M | ||
| Q2 25 | $172.0M | $289.9M | ||
| Q1 25 | $166.9M | $270.8M | ||
| Q4 24 | $169.5M | $286.4M | ||
| Q3 24 | $165.9M | $289.9M | ||
| Q2 24 | $160.5M | $280.7M | ||
| Q1 24 | $157.5M | $278.6M |
| Q4 25 | $4.9M | $17.1M | ||
| Q3 25 | $5.3M | $162.3M | ||
| Q2 25 | $8.3M | $79.6M | ||
| Q1 25 | $6.1M | $43.7M | ||
| Q4 24 | $56.4M | $65.0M | ||
| Q3 24 | $17.2M | $57.7M | ||
| Q2 24 | $76.7M | $54.5M | ||
| Q1 24 | $10.8M | $55.7M |
| 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% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 2.7% | 6.3% | ||
| Q3 25 | 3.0% | 58.0% | ||
| Q2 25 | 4.8% | 27.4% | ||
| Q1 25 | 3.6% | 16.1% | ||
| Q4 24 | 33.3% | 22.7% | ||
| Q3 24 | 10.4% | 19.9% | ||
| Q2 24 | 47.8% | 19.4% | ||
| Q1 24 | 6.9% | 20.0% |
| Q4 25 | $0.07 | $0.11 | ||
| Q3 25 | $0.09 | $1.31 | ||
| Q2 25 | $0.13 | $0.57 | ||
| Q1 25 | $0.10 | $0.33 | ||
| Q4 24 | $0.79 | $0.50 | ||
| Q3 24 | $0.27 | $0.44 | ||
| Q2 24 | $0.22 | $0.41 | ||
| Q1 24 | $0.17 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $5.4B |
| Total Assets | $1.8B | $10.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $179.3M | ||
| Q3 25 | $419.9M | $372.4M | ||
| Q2 25 | $459.1M | $193.1M | ||
| Q1 25 | $479.5M | $146.7M | ||
| Q4 24 | $885.9M | $165.7M | ||
| Q3 24 | $725.3M | $625.4M | ||
| Q2 24 | $616.6M | $835.9M | ||
| Q1 24 | $331.4M | $855.0M |
| Q4 25 | $332.3M | $5.4B | ||
| Q3 25 | $328.3M | $5.5B | ||
| Q2 25 | $414.0M | $5.4B | ||
| Q1 25 | $417.9M | $5.4B | ||
| Q4 24 | $446.7M | $5.4B | ||
| Q3 24 | $367.9M | $5.4B | ||
| Q2 24 | $325.8M | $5.4B | ||
| Q1 24 | $279.8M | $5.4B |
| Q4 25 | $1.8B | $10.9B | ||
| Q3 25 | $1.7B | $11.0B | ||
| Q2 25 | $1.8B | $10.9B | ||
| Q1 25 | $1.8B | $10.9B | ||
| Q4 24 | $1.8B | $10.9B | ||
| Q3 24 | $1.7B | $11.4B | ||
| Q2 24 | $1.9B | $11.5B | ||
| Q1 24 | $2.1B | $11.6B |
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 | $566.3M |
| Free Cash FlowOCF − Capex | $26.1M | $450.3M |
| FCF MarginFCF / Revenue | 14.2% | 165.4% |
| Capex IntensityCapex / Revenue | 0.3% | 42.6% |
| Cash ConversionOCF / Net Profit | 5.46× | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $566.3M | ||
| Q3 25 | $63.8M | $176.6M | ||
| Q2 25 | $32.3M | $143.7M | ||
| Q1 25 | $46.7M | $136.9M | ||
| Q4 24 | $43.8M | $541.1M | ||
| Q3 24 | $55.9M | $176.3M | ||
| Q2 24 | $40.7M | $88.7M | ||
| Q1 24 | $50.4M | $167.9M |
| Q4 25 | $26.1M | $450.3M | ||
| Q3 25 | $63.3M | $148.7M | ||
| Q2 25 | $31.4M | $118.4M | ||
| Q1 25 | $40.8M | $115.6M | ||
| Q4 24 | $43.0M | $440.8M | ||
| Q3 24 | $55.5M | $147.2M | ||
| Q2 24 | $40.0M | $69.5M | ||
| Q1 24 | $50.1M | $151.9M |
| Q4 25 | 14.2% | 165.4% | ||
| Q3 25 | 35.5% | 53.1% | ||
| Q2 25 | 18.2% | 40.9% | ||
| Q1 25 | 24.4% | 42.7% | ||
| Q4 24 | 25.4% | 153.9% | ||
| Q3 24 | 33.5% | 50.8% | ||
| Q2 24 | 24.9% | 24.7% | ||
| Q1 24 | 31.8% | 54.5% |
| Q4 25 | 0.3% | 42.6% | ||
| Q3 25 | 0.3% | 10.0% | ||
| Q2 25 | 0.6% | 8.7% | ||
| Q1 25 | 3.6% | 7.9% | ||
| Q4 24 | 0.4% | 35.0% | ||
| Q3 24 | 0.2% | 10.1% | ||
| Q2 24 | 0.4% | 6.8% | ||
| Q1 24 | 0.2% | 5.7% |
| Q4 25 | 5.46× | 33.10× | ||
| Q3 25 | 12.07× | 1.09× | ||
| Q2 25 | 3.90× | 1.81× | ||
| Q1 25 | 7.72× | 3.13× | ||
| Q4 24 | 0.78× | 8.32× | ||
| Q3 24 | 3.24× | 3.06× | ||
| Q2 24 | 0.53× | 1.63× | ||
| Q1 24 | 4.66× | 3.01× |
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% |
KRC
Segment breakdown not available.
