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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $183.2M, roughly 1.7× BLACKLINE, INC.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 2.7%, a 25.5% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $26.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 5.9%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
BL vs LOPE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $308.1M |
| Net Profit | $4.9M | $86.7M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 35.1% |
| Net Margin | 2.7% | 28.1% |
| Revenue YoY | 8.1% | 5.3% |
| Net Profit YoY | -91.3% | 5.9% |
| EPS (diluted) | $0.07 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $178.3M | $261.1M | ||
| Q2 25 | $172.0M | $247.5M | ||
| Q1 25 | $166.9M | $289.3M | ||
| Q4 24 | $169.5M | $292.6M | ||
| Q3 24 | $165.9M | $238.3M | ||
| Q2 24 | $160.5M | $227.5M | ||
| Q1 24 | $157.5M | $274.7M |
| Q4 25 | $4.9M | $86.7M | ||
| Q3 25 | $5.3M | $16.3M | ||
| Q2 25 | $8.3M | $41.5M | ||
| Q1 25 | $6.1M | $71.6M | ||
| Q4 24 | $56.4M | $81.9M | ||
| Q3 24 | $17.2M | $41.5M | ||
| Q2 24 | $76.7M | $34.9M | ||
| Q1 24 | $10.8M | $68.0M |
| 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% | 35.1% | ||
| Q3 25 | 4.3% | 6.9% | ||
| Q2 25 | 4.4% | 20.9% | ||
| Q1 25 | 2.1% | 30.4% | ||
| Q4 24 | 3.7% | 34.2% | ||
| Q3 24 | 5.0% | 20.2% | ||
| Q2 24 | 1.4% | 18.8% | ||
| Q1 24 | 1.1% | 30.8% |
| Q4 25 | 2.7% | 28.1% | ||
| Q3 25 | 3.0% | 6.2% | ||
| Q2 25 | 4.8% | 16.8% | ||
| Q1 25 | 3.6% | 24.8% | ||
| Q4 24 | 33.3% | 28.0% | ||
| Q3 24 | 10.4% | 17.4% | ||
| Q2 24 | 47.8% | 15.3% | ||
| Q1 24 | 6.9% | 24.8% |
| Q4 25 | $0.07 | $3.13 | ||
| Q3 25 | $0.09 | $0.58 | ||
| Q2 25 | $0.13 | $1.48 | ||
| Q1 25 | $0.10 | $2.52 | ||
| Q4 24 | $0.79 | $2.83 | ||
| Q3 24 | $0.27 | $1.42 | ||
| Q2 24 | $0.22 | $1.19 | ||
| Q1 24 | $0.17 | $2.29 |
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 | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $746.9M |
| Total Assets | $1.8B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $111.8M | ||
| Q3 25 | $419.9M | $97.3M | ||
| Q2 25 | $459.1M | $192.3M | ||
| Q1 25 | $479.5M | $144.5M | ||
| Q4 24 | $885.9M | $324.6M | ||
| Q3 24 | $725.3M | $263.6M | ||
| Q2 24 | $616.6M | $241.3M | ||
| Q1 24 | $331.4M | $196.2M |
| Q4 25 | $332.3M | $746.9M | ||
| Q3 25 | $328.3M | $758.0M | ||
| Q2 25 | $414.0M | $778.0M | ||
| Q1 25 | $417.9M | $780.7M | ||
| Q4 24 | $446.7M | $783.9M | ||
| Q3 24 | $367.9M | $764.1M | ||
| Q2 24 | $325.8M | $759.2M | ||
| Q1 24 | $279.8M | $759.4M |
| Q4 25 | $1.8B | $992.3M | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $1.8B | $1.0B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.7B | $992.9M | ||
| Q2 24 | $1.9B | $992.7M | ||
| Q1 24 | $2.1B | $1.0B |
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 | $130.5M |
| Free Cash FlowOCF − Capex | $26.1M | $122.9M |
| FCF MarginFCF / Revenue | 14.2% | 39.9% |
| Capex IntensityCapex / Revenue | 0.3% | 2.5% |
| Cash ConversionOCF / Net Profit | 5.46× | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $130.5M | ||
| Q3 25 | $63.8M | $-48.6M | ||
| Q2 25 | $32.3M | $124.0M | ||
| Q1 25 | $46.7M | $67.6M | ||
| Q4 24 | $43.8M | $135.8M | ||
| Q3 24 | $55.9M | $-29.4M | ||
| Q2 24 | $40.7M | $98.6M | ||
| Q1 24 | $50.4M | $85.0M |
| Q4 25 | $26.1M | $122.9M | ||
| Q3 25 | $63.3M | $-58.3M | ||
| Q2 25 | $31.4M | $115.4M | ||
| Q1 25 | $40.8M | $58.7M | ||
| Q4 24 | $43.0M | $126.1M | ||
| Q3 24 | $55.5M | $-39.0M | ||
| Q2 24 | $40.0M | $89.6M | ||
| Q1 24 | $50.1M | $76.0M |
| Q4 25 | 14.2% | 39.9% | ||
| Q3 25 | 35.5% | -22.3% | ||
| Q2 25 | 18.2% | 46.6% | ||
| Q1 25 | 24.4% | 20.3% | ||
| Q4 24 | 25.4% | 43.1% | ||
| Q3 24 | 33.5% | -16.3% | ||
| Q2 24 | 24.9% | 39.4% | ||
| Q1 24 | 31.8% | 27.7% |
| Q4 25 | 0.3% | 2.5% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.6% | 3.5% | ||
| Q1 25 | 3.6% | 3.1% | ||
| Q4 24 | 0.4% | 3.3% | ||
| Q3 24 | 0.2% | 4.0% | ||
| Q2 24 | 0.4% | 3.9% | ||
| Q1 24 | 0.2% | 3.3% |
| Q4 25 | 5.46× | 1.50× | ||
| Q3 25 | 12.07× | -2.99× | ||
| Q2 25 | 3.90× | 2.98× | ||
| Q1 25 | 7.72× | 0.94× | ||
| Q4 24 | 0.78× | 1.66× | ||
| Q3 24 | 3.24× | -0.71× | ||
| Q2 24 | 0.53× | 2.83× | ||
| Q1 24 | 4.66× | 1.25× |
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% |
LOPE
Segment breakdown not available.
