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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $121.0M, roughly 1.5× Ramaco Resources, Inc.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -11.0%, a 13.7% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -27.7%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-17.5M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
BL vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $121.0M |
| Net Profit | $4.9M | $-13.3M |
| Gross Margin | 75.2% | 15.8% |
| Operating Margin | 3.7% | -12.0% |
| Net Margin | 2.7% | -11.0% |
| Revenue YoY | 8.1% | -27.7% |
| Net Profit YoY | -91.3% | -5468.2% |
| EPS (diluted) | $0.07 | — |
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 | — | ||
| Q3 25 | $178.3M | $121.0M | ||
| Q2 25 | $172.0M | $153.0M | ||
| Q1 25 | $166.9M | $134.7M | ||
| Q4 24 | $169.5M | $170.9M | ||
| Q3 24 | $165.9M | $167.4M | ||
| Q2 24 | $160.5M | $155.3M | ||
| Q1 24 | $157.5M | $172.7M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $5.3M | $-13.3M | ||
| Q2 25 | $8.3M | $-14.0M | ||
| Q1 25 | $6.1M | $-9.5M | ||
| Q4 24 | $56.4M | $3.9M | ||
| Q3 24 | $17.2M | $-239.0K | ||
| Q2 24 | $76.7M | $5.5M | ||
| Q1 24 | $10.8M | $2.0M |
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | 15.8% | ||
| Q2 25 | 75.2% | 12.3% | ||
| Q1 25 | 75.5% | 15.2% | ||
| Q4 24 | 75.6% | 20.4% | ||
| Q3 24 | 75.2% | 19.5% | ||
| Q2 24 | 74.9% | 21.0% | ||
| Q1 24 | 75.2% | 19.1% |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 4.3% | -12.0% | ||
| Q2 25 | 4.4% | -9.1% | ||
| Q1 25 | 2.1% | -8.9% | ||
| Q4 24 | 3.7% | 3.7% | ||
| Q3 24 | 5.0% | 1.0% | ||
| Q2 24 | 1.4% | 3.5% | ||
| Q1 24 | 1.1% | 1.9% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.0% | -11.0% | ||
| Q2 25 | 4.8% | -9.1% | ||
| Q1 25 | 3.6% | -7.0% | ||
| Q4 24 | 33.3% | 2.3% | ||
| Q3 24 | 10.4% | -0.1% | ||
| Q2 24 | 47.8% | 3.6% | ||
| Q1 24 | 6.9% | 1.2% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.79 | $0.06 | ||
| Q3 24 | $0.27 | $-0.03 | ||
| Q2 24 | $0.22 | $0.08 | ||
| Q1 24 | $0.17 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $332.3M | $526.9M |
| Total Assets | $1.8B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | $193.8M | ||
| Q2 25 | $459.1M | $28.1M | ||
| Q1 25 | $479.5M | $43.5M | ||
| Q4 24 | $885.9M | $33.0M | ||
| Q3 24 | $725.3M | $22.9M | ||
| Q2 24 | $616.6M | $27.6M | ||
| Q1 24 | $331.4M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | — | ||
| Q3 25 | $328.3M | $526.9M | ||
| Q2 25 | $414.0M | $347.4M | ||
| Q1 25 | $417.9M | $355.2M | ||
| Q4 24 | $446.7M | $362.8M | ||
| Q3 24 | $367.9M | $361.8M | ||
| Q2 24 | $325.8M | $366.1M | ||
| Q1 24 | $279.8M | $372.3M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $849.7M | ||
| Q2 25 | $1.8B | $674.6M | ||
| Q1 25 | $1.8B | $685.7M | ||
| Q4 24 | $1.8B | $674.7M | ||
| Q3 24 | $1.7B | $645.4M | ||
| Q2 24 | $1.9B | $659.2M | ||
| Q1 24 | $2.1B | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-1.4M |
| Free Cash FlowOCF − Capex | $26.1M | $-17.5M |
| FCF MarginFCF / Revenue | 14.2% | -14.5% |
| Capex IntensityCapex / Revenue | 0.3% | 13.3% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | — | ||
| Q3 25 | $63.8M | $-1.4M | ||
| Q2 25 | $32.3M | $-4.3M | ||
| Q1 25 | $46.7M | $26.0M | ||
| Q4 24 | $43.8M | $15.7M | ||
| Q3 24 | $55.9M | $37.4M | ||
| Q2 24 | $40.7M | $34.4M | ||
| Q1 24 | $50.4M | $25.2M |
| Q4 25 | $26.1M | — | ||
| Q3 25 | $63.3M | $-17.5M | ||
| Q2 25 | $31.4M | $-19.8M | ||
| Q1 25 | $40.8M | $7.6M | ||
| Q4 24 | $43.0M | $5.1M | ||
| Q3 24 | $55.5M | $25.6M | ||
| Q2 24 | $40.0M | $20.3M | ||
| Q1 24 | $50.1M | $6.5M |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 35.5% | -14.5% | ||
| Q2 25 | 18.2% | -13.0% | ||
| Q1 25 | 24.4% | 5.6% | ||
| Q4 24 | 25.4% | 3.0% | ||
| Q3 24 | 33.5% | 15.3% | ||
| Q2 24 | 24.9% | 13.1% | ||
| Q1 24 | 31.8% | 3.7% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | 13.3% | ||
| Q2 25 | 0.6% | 10.2% | ||
| Q1 25 | 3.6% | 13.7% | ||
| Q4 24 | 0.4% | 6.2% | ||
| Q3 24 | 0.2% | 7.0% | ||
| Q2 24 | 0.4% | 9.1% | ||
| Q1 24 | 0.2% | 10.8% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | 4.06× | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | 6.21× | ||
| Q1 24 | 4.66× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
