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Side-by-side financial comparison of BLACKLINE, INC. (BL) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $183.2M, roughly 1.8× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -259.7%, a 262.3% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -7.0%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-134.8M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
BL vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $326.2M |
| Net Profit | $4.9M | $-847.1M |
| Gross Margin | 75.2% | 35.5% |
| Operating Margin | 3.7% | -193.0% |
| Net Margin | 2.7% | -259.7% |
| Revenue YoY | 8.1% | -7.0% |
| Net Profit YoY | -91.3% | -277.4% |
| EPS (diluted) | $0.07 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $178.3M | $240.3M | ||
| Q2 25 | $172.0M | $228.1M | ||
| Q1 25 | $166.9M | $384.9M | ||
| Q4 24 | $169.5M | $350.7M | ||
| Q3 24 | $165.9M | $446.0M | ||
| Q2 24 | $160.5M | $291.2M | ||
| Q1 24 | $157.5M | $609.5M |
| Q4 25 | $4.9M | $-847.1M | ||
| Q3 25 | $5.3M | $-263.0M | ||
| Q2 25 | $8.3M | $-546.5M | ||
| Q1 25 | $6.1M | $-175.4M | ||
| Q4 24 | $56.4M | $-224.4M | ||
| Q3 24 | $17.2M | $9.3M | ||
| Q2 24 | $76.7M | $-88.9M | ||
| Q1 24 | $10.8M | $54.1M |
| Q4 25 | 75.2% | 35.5% | ||
| Q3 25 | 75.1% | 18.1% | ||
| Q2 25 | 75.2% | 8.4% | ||
| Q1 25 | 75.5% | 21.4% | ||
| Q4 24 | 75.6% | 17.6% | ||
| Q3 24 | 75.2% | 27.1% | ||
| Q2 24 | 74.9% | 23.8% | ||
| Q1 24 | 75.2% | 62.4% |
| Q4 25 | 3.7% | -193.0% | ||
| Q3 25 | 4.3% | -37.4% | ||
| Q2 25 | 4.4% | -170.3% | ||
| Q1 25 | 2.1% | -3.3% | ||
| Q4 24 | 3.7% | 65.0% | ||
| Q3 24 | 5.0% | 17.8% | ||
| Q2 24 | 1.4% | 12.3% | ||
| Q1 24 | 1.1% | 30.4% |
| Q4 25 | 2.7% | -259.7% | ||
| Q3 25 | 3.0% | -109.4% | ||
| Q2 25 | 4.8% | -239.6% | ||
| Q1 25 | 3.6% | -45.6% | ||
| Q4 24 | 33.3% | -64.0% | ||
| Q3 24 | 10.4% | 2.1% | ||
| Q2 24 | 47.8% | -30.5% | ||
| Q1 24 | 6.9% | 8.9% |
| Q4 25 | $0.07 | $-3.03 | ||
| Q3 25 | $0.09 | $-0.96 | ||
| Q2 25 | $0.13 | $-1.99 | ||
| Q1 25 | $0.10 | $-0.65 | ||
| Q4 24 | $0.79 | $-1.10 | ||
| Q3 24 | $0.27 | $0.03 | ||
| Q2 24 | $0.22 | $-0.42 | ||
| Q1 24 | $0.17 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $332.3M | $182.6M |
| Total Assets | $1.8B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $226.5M | ||
| Q3 25 | $419.9M | $145.2M | ||
| Q2 25 | $459.1M | $551.1M | ||
| Q1 25 | $479.5M | $447.9M | ||
| Q4 24 | $885.9M | $492.9M | ||
| Q3 24 | $725.3M | $90.8M | ||
| Q2 24 | $616.6M | $133.0M | ||
| Q1 24 | $331.4M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | $182.6M | ||
| Q3 25 | $328.3M | $1.1B | ||
| Q2 25 | $414.0M | $1.3B | ||
| Q1 25 | $417.9M | $1.8B | ||
| Q4 24 | $446.7M | $1.9B | ||
| Q3 24 | $367.9M | $1.6B | ||
| Q2 24 | $325.8M | $1.6B | ||
| Q1 24 | $279.8M | $1.7B |
| Q4 25 | $1.8B | $10.6B | ||
| Q3 25 | $1.7B | $12.0B | ||
| Q2 25 | $1.8B | $12.0B | ||
| Q1 25 | $1.8B | $13.1B | ||
| Q4 24 | $1.8B | $12.9B | ||
| Q3 24 | $1.7B | $12.0B | ||
| Q2 24 | $1.9B | $11.4B | ||
| Q1 24 | $2.1B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | $26.1M | $-134.8M |
| FCF MarginFCF / Revenue | 14.2% | -41.3% |
| Capex IntensityCapex / Revenue | 0.3% | 18.0% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-76.2M | ||
| Q3 25 | $63.8M | $-171.0M | ||
| Q2 25 | $32.3M | $-329.0M | ||
| Q1 25 | $46.7M | $-7.2M | ||
| Q4 24 | $43.8M | $445.3M | ||
| Q3 24 | $55.9M | $-20.0M | ||
| Q2 24 | $40.7M | $113.9M | ||
| Q1 24 | $50.4M | $63.0M |
| Q4 25 | $26.1M | $-134.8M | ||
| Q3 25 | $63.3M | $-231.6M | ||
| Q2 25 | $31.4M | $-726.7M | ||
| Q1 25 | $40.8M | $-262.3M | ||
| Q4 24 | $43.0M | $-210.3M | ||
| Q3 24 | $55.5M | $-367.0M | ||
| Q2 24 | $40.0M | $-493.2M | ||
| Q1 24 | $50.1M | $-457.9M |
| Q4 25 | 14.2% | -41.3% | ||
| Q3 25 | 35.5% | -96.4% | ||
| Q2 25 | 18.2% | -318.6% | ||
| Q1 25 | 24.4% | -68.2% | ||
| Q4 24 | 25.4% | -60.0% | ||
| Q3 24 | 33.5% | -82.3% | ||
| Q2 24 | 24.9% | -169.3% | ||
| Q1 24 | 31.8% | -75.1% |
| Q4 25 | 0.3% | 18.0% | ||
| Q3 25 | 0.3% | 25.2% | ||
| Q2 25 | 0.6% | 174.4% | ||
| Q1 25 | 3.6% | 66.3% | ||
| Q4 24 | 0.4% | 187.0% | ||
| Q3 24 | 0.2% | 77.8% | ||
| Q2 24 | 0.4% | 208.4% | ||
| Q1 24 | 0.2% | 85.5% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | -2.15× | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | 1.16× |
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% |
NFE
Segment breakdown not available.
