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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $120.6M, roughly 1.5× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 2.7%, a 45.4% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -11.0%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-55.2M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -6.0%).
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.
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
BL vs KW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $120.6M |
| Net Profit | $4.9M | $58.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 57.3% |
| Net Margin | 2.7% | 48.1% |
| Revenue YoY | 8.1% | -11.0% |
| Net Profit YoY | -91.3% | 32.7% |
| EPS (diluted) | $0.07 | $0.22 |
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 | $120.6M | ||
| Q3 25 | $178.3M | $116.4M | ||
| Q2 25 | $172.0M | $135.7M | ||
| Q1 25 | $166.9M | $128.3M | ||
| Q4 24 | $169.5M | $135.5M | ||
| Q3 24 | $165.9M | $127.5M | ||
| Q2 24 | $160.5M | $132.0M | ||
| Q1 24 | $157.5M | $136.4M |
| Q4 25 | $4.9M | $58.0M | ||
| Q3 25 | $5.3M | $-10.2M | ||
| Q2 25 | $8.3M | $5.6M | ||
| Q1 25 | $6.1M | $-29.6M | ||
| Q4 24 | $56.4M | $43.7M | ||
| Q3 24 | $17.2M | $-66.8M | ||
| Q2 24 | $76.7M | $-48.3M | ||
| Q1 24 | $10.8M | $37.7M |
| 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% | 57.3% | ||
| Q3 25 | 4.3% | -6.2% | ||
| Q2 25 | 4.4% | 7.4% | ||
| Q1 25 | 2.1% | -26.9% | ||
| Q4 24 | 3.7% | 36.7% | ||
| Q3 24 | 5.0% | -60.8% | ||
| Q2 24 | 1.4% | -45.5% | ||
| Q1 24 | 1.1% | 47.2% |
| Q4 25 | 2.7% | 48.1% | ||
| Q3 25 | 3.0% | -8.8% | ||
| Q2 25 | 4.8% | 4.1% | ||
| Q1 25 | 3.6% | -23.1% | ||
| Q4 24 | 33.3% | 32.3% | ||
| Q3 24 | 10.4% | -52.4% | ||
| Q2 24 | 47.8% | -36.6% | ||
| Q1 24 | 6.9% | 27.6% |
| Q4 25 | $0.07 | $0.22 | ||
| Q3 25 | $0.09 | $-0.15 | ||
| Q2 25 | $0.13 | $-0.05 | ||
| Q1 25 | $0.10 | $-0.30 | ||
| Q4 24 | $0.79 | $0.24 | ||
| Q3 24 | $0.27 | $-0.56 | ||
| Q2 24 | $0.22 | $-0.43 | ||
| Q1 24 | $0.17 | $0.19 |
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 | $184.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $1.5B |
| Total Assets | $1.8B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $184.5M | ||
| Q3 25 | $419.9M | $382.6M | ||
| Q2 25 | $459.1M | $309.1M | ||
| Q1 25 | $479.5M | $356.6M | ||
| Q4 24 | $885.9M | $217.5M | ||
| Q3 24 | $725.3M | $367.1M | ||
| Q2 24 | $616.6M | $366.5M | ||
| Q1 24 | $331.4M | $541.9M |
| Q4 25 | $332.3M | $1.5B | ||
| Q3 25 | $328.3M | $1.5B | ||
| Q2 25 | $414.0M | $1.6B | ||
| Q1 25 | $417.9M | $1.6B | ||
| Q4 24 | $446.7M | $1.6B | ||
| Q3 24 | $367.9M | $1.6B | ||
| Q2 24 | $325.8M | $1.7B | ||
| Q1 24 | $279.8M | $1.7B |
| Q4 25 | $1.8B | $6.6B | ||
| Q3 25 | $1.7B | $6.7B | ||
| Q2 25 | $1.8B | $6.8B | ||
| Q1 25 | $1.8B | $7.2B | ||
| Q4 24 | $1.8B | $7.0B | ||
| Q3 24 | $1.7B | $7.4B | ||
| Q2 24 | $1.9B | $7.5B | ||
| Q1 24 | $2.1B | $7.7B |
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 | $11.4M |
| Free Cash FlowOCF − Capex | $26.1M | $-55.2M |
| FCF MarginFCF / Revenue | 14.2% | -45.8% |
| Capex IntensityCapex / Revenue | 0.3% | 55.2% |
| Cash ConversionOCF / Net Profit | 5.46× | 0.20× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-103.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $11.4M | ||
| Q3 25 | $63.8M | $-7.6M | ||
| Q2 25 | $32.3M | $42.0M | ||
| Q1 25 | $46.7M | $-51.9M | ||
| Q4 24 | $43.8M | $55.1M | ||
| Q3 24 | $55.9M | $-5.6M | ||
| Q2 24 | $40.7M | $36.7M | ||
| Q1 24 | $50.4M | $-5.6M |
| Q4 25 | $26.1M | $-55.2M | ||
| Q3 25 | $63.3M | $-18.0M | ||
| Q2 25 | $31.4M | $29.4M | ||
| Q1 25 | $40.8M | $-59.7M | ||
| Q4 24 | $43.0M | $-76.5M | ||
| Q3 24 | $55.5M | $-27.7M | ||
| Q2 24 | $40.0M | $-500.0K | ||
| Q1 24 | $50.1M | $-57.1M |
| Q4 25 | 14.2% | -45.8% | ||
| Q3 25 | 35.5% | -15.5% | ||
| Q2 25 | 18.2% | 21.7% | ||
| Q1 25 | 24.4% | -46.5% | ||
| Q4 24 | 25.4% | -56.5% | ||
| Q3 24 | 33.5% | -21.7% | ||
| Q2 24 | 24.9% | -0.4% | ||
| Q1 24 | 31.8% | -41.9% |
| Q4 25 | 0.3% | 55.2% | ||
| Q3 25 | 0.3% | 8.9% | ||
| Q2 25 | 0.6% | 9.3% | ||
| Q1 25 | 3.6% | 6.1% | ||
| Q4 24 | 0.4% | 97.1% | ||
| Q3 24 | 0.2% | 17.3% | ||
| Q2 24 | 0.4% | 28.2% | ||
| Q1 24 | 0.2% | 37.8% |
| Q4 25 | 5.46× | 0.20× | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | 7.50× | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | 1.26× | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | -0.15× |
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% |
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
