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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $131.8M, roughly 1.4× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs 2.7%, a 6.8% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs 8.1%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
BL vs LOAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $131.8M |
| Net Profit | $4.9M | $12.5M |
| Gross Margin | 75.2% | 52.1% |
| Operating Margin | 3.7% | 18.0% |
| Net Margin | 2.7% | 9.5% |
| Revenue YoY | 8.1% | 19.3% |
| Net Profit YoY | -91.3% | 239.5% |
| EPS (diluted) | $0.07 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $178.3M | $126.8M | ||
| Q2 25 | $172.0M | $123.1M | ||
| Q1 25 | $166.9M | $114.7M | ||
| Q4 24 | $169.5M | $110.4M | ||
| Q3 24 | $165.9M | $103.5M | ||
| Q2 24 | $160.5M | $97.0M | ||
| Q1 24 | $157.5M | $91.8M |
| Q4 25 | $4.9M | $12.5M | ||
| Q3 25 | $5.3M | $27.6M | ||
| Q2 25 | $8.3M | $16.7M | ||
| Q1 25 | $6.1M | $15.3M | ||
| Q4 24 | $56.4M | $3.7M | ||
| Q3 24 | $17.2M | $8.7M | ||
| Q2 24 | $76.7M | $7.6M | ||
| Q1 24 | $10.8M | $2.2M |
| Q4 25 | 75.2% | 52.1% | ||
| Q3 25 | 75.1% | 52.7% | ||
| Q2 25 | 75.2% | 53.8% | ||
| Q1 25 | 75.5% | 52.1% | ||
| Q4 24 | 75.6% | 48.9% | ||
| Q3 24 | 75.2% | 51.1% | ||
| Q2 24 | 74.9% | 49.0% | ||
| Q1 24 | 75.2% | 48.4% |
| Q4 25 | 3.7% | 18.0% | ||
| Q3 25 | 4.3% | 22.9% | ||
| Q2 25 | 4.4% | 22.2% | ||
| Q1 25 | 2.1% | 22.8% | ||
| Q4 24 | 3.7% | 19.2% | ||
| Q3 24 | 5.0% | 22.1% | ||
| Q2 24 | 1.4% | 22.9% | ||
| Q1 24 | 1.1% | 23.3% |
| Q4 25 | 2.7% | 9.5% | ||
| Q3 25 | 3.0% | 21.8% | ||
| Q2 25 | 4.8% | 13.6% | ||
| Q1 25 | 3.6% | 13.4% | ||
| Q4 24 | 33.3% | 3.3% | ||
| Q3 24 | 10.4% | 8.4% | ||
| Q2 24 | 47.8% | 7.9% | ||
| Q1 24 | 6.9% | 2.4% |
| Q4 25 | $0.07 | $0.13 | ||
| Q3 25 | $0.09 | $0.29 | ||
| Q2 25 | $0.13 | $0.17 | ||
| Q1 25 | $0.10 | $0.16 | ||
| Q4 24 | $0.79 | $-11023.48 | ||
| Q3 24 | $0.27 | $0.09 | ||
| Q2 24 | $0.22 | $0.09 | ||
| Q1 24 | $0.17 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $332.3M | $1.2B |
| Total Assets | $1.8B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $84.8M | ||
| Q3 25 | $419.9M | $99.0M | ||
| Q2 25 | $459.1M | $103.3M | ||
| Q1 25 | $479.5M | $80.5M | ||
| Q4 24 | $885.9M | $54.1M | ||
| Q3 24 | $725.3M | $55.2M | ||
| Q2 24 | $616.6M | $73.2M | ||
| Q1 24 | $331.4M | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $332.3M | $1.2B | ||
| Q3 25 | $328.3M | $1.2B | ||
| Q2 25 | $414.0M | $1.1B | ||
| Q1 25 | $417.9M | $1.1B | ||
| Q4 24 | $446.7M | $1.1B | ||
| Q3 24 | $367.9M | $769.8M | ||
| Q2 24 | $325.8M | $758.4M | ||
| Q1 24 | $279.8M | $420.6M |
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $30.4M | ||
| Q3 25 | $63.8M | $29.7M | ||
| Q2 25 | $32.3M | $23.8M | ||
| Q1 25 | $46.7M | $28.4M | ||
| Q4 24 | $43.8M | $20.7M | ||
| Q3 24 | $55.9M | $16.3M | ||
| Q2 24 | $40.7M | $7.1M | ||
| Q1 24 | $50.4M | $10.8M |
| Q4 25 | $26.1M | — | ||
| Q3 25 | $63.3M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $55.5M | — | ||
| Q2 24 | $40.0M | — | ||
| Q1 24 | $50.1M | — |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 5.46× | 2.43× | ||
| Q3 25 | 12.07× | 1.08× | ||
| Q2 25 | 3.90× | 1.42× | ||
| Q1 25 | 7.72× | 1.85× | ||
| Q4 24 | 0.78× | 5.62× | ||
| Q3 24 | 3.24× | 1.89× | ||
| Q2 24 | 0.53× | 0.93× | ||
| Q1 24 | 4.66× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
