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Side-by-side financial comparison of BLACKLINE, INC. (BL) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $105.1M, roughly 1.7× OLAPLEX HOLDINGS, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -12.5%, a 15.1% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $26.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs 3.1%).
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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
BL vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $105.1M |
| Net Profit | $4.9M | $-13.1M |
| Gross Margin | 75.2% | 68.0% |
| Operating Margin | 3.7% | -4.3% |
| Net Margin | 2.7% | -12.5% |
| Revenue YoY | 8.1% | 4.3% |
| Net Profit YoY | -91.3% | -48.9% |
| EPS (diluted) | $0.07 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $178.3M | $114.6M | ||
| Q2 25 | $172.0M | $106.3M | ||
| Q1 25 | $166.9M | $97.0M | ||
| Q4 24 | $169.5M | $100.7M | ||
| Q3 24 | $165.9M | $119.1M | ||
| Q2 24 | $160.5M | $103.9M | ||
| Q1 24 | $157.5M | $98.9M |
| Q4 25 | $4.9M | $-13.1M | ||
| Q3 25 | $5.3M | $11.1M | ||
| Q2 25 | $8.3M | $-7.7M | ||
| Q1 25 | $6.1M | $465.0K | ||
| Q4 24 | $56.4M | $-8.8M | ||
| Q3 24 | $17.2M | $14.8M | ||
| Q2 24 | $76.7M | $5.8M | ||
| Q1 24 | $10.8M | $7.7M |
| Q4 25 | 75.2% | 68.0% | ||
| Q3 25 | 75.1% | 69.1% | ||
| Q2 25 | 75.2% | 71.2% | ||
| Q1 25 | 75.5% | 69.5% | ||
| Q4 24 | 75.6% | 66.3% | ||
| Q3 24 | 75.2% | 68.6% | ||
| Q2 24 | 74.9% | 69.7% | ||
| Q1 24 | 75.2% | 72.1% |
| Q4 25 | 3.7% | -4.3% | ||
| Q3 25 | 4.3% | 3.7% | ||
| Q2 25 | 4.4% | -1.1% | ||
| Q1 25 | 2.1% | 8.7% | ||
| Q4 24 | 3.7% | 3.0% | ||
| Q3 24 | 5.0% | 23.5% | ||
| Q2 24 | 1.4% | 15.7% | ||
| Q1 24 | 1.1% | 19.8% |
| Q4 25 | 2.7% | -12.5% | ||
| Q3 25 | 3.0% | 9.7% | ||
| Q2 25 | 4.8% | -7.3% | ||
| Q1 25 | 3.6% | 0.5% | ||
| Q4 24 | 33.3% | -8.7% | ||
| Q3 24 | 10.4% | 12.4% | ||
| Q2 24 | 47.8% | 5.6% | ||
| Q1 24 | 6.9% | 7.8% |
| Q4 25 | $0.07 | $-0.02 | ||
| Q3 25 | $0.09 | $0.02 | ||
| Q2 25 | $0.13 | $-0.01 | ||
| Q1 25 | $0.10 | $0.00 | ||
| Q4 24 | $0.79 | $-0.01 | ||
| Q3 24 | $0.27 | $0.02 | ||
| Q2 24 | $0.22 | $0.01 | ||
| Q1 24 | $0.17 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | — | $352.3M |
| Stockholders' EquityBook value | $332.3M | $879.4M |
| Total Assets | $1.8B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $318.7M | ||
| Q3 25 | $419.9M | $286.4M | ||
| Q2 25 | $459.1M | $289.3M | ||
| Q1 25 | $479.5M | $580.9M | ||
| Q4 24 | $885.9M | $586.0M | ||
| Q3 24 | $725.3M | $538.8M | ||
| Q2 24 | $616.6M | $507.9M | ||
| Q1 24 | $331.4M | $507.5M |
| Q4 25 | — | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $332.3M | $879.4M | ||
| Q3 25 | $328.3M | $888.7M | ||
| Q2 25 | $414.0M | $874.2M | ||
| Q1 25 | $417.9M | $878.3M | ||
| Q4 24 | $446.7M | $874.4M | ||
| Q3 24 | $367.9M | $879.7M | ||
| Q2 24 | $325.8M | $863.3M | ||
| Q1 24 | $279.8M | $855.7M |
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $2.1B | $1.8B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $26.1M | $32.6M |
| FCF MarginFCF / Revenue | 14.2% | 31.0% |
| Capex IntensityCapex / Revenue | 0.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $32.7M | ||
| Q3 25 | $63.8M | $8.0M | ||
| Q2 25 | $32.3M | $20.9M | ||
| Q1 25 | $46.7M | $-2.9M | ||
| Q4 24 | $43.8M | $49.7M | ||
| Q3 24 | $55.9M | $33.5M | ||
| Q2 24 | $40.7M | $16.2M | ||
| Q1 24 | $50.4M | $43.7M |
| Q4 25 | $26.1M | $32.6M | ||
| Q3 25 | $63.3M | $7.9M | ||
| Q2 25 | $31.4M | $20.8M | ||
| Q1 25 | $40.8M | $-3.0M | ||
| Q4 24 | $43.0M | $49.2M | ||
| Q3 24 | $55.5M | $33.3M | ||
| Q2 24 | $40.0M | $16.1M | ||
| Q1 24 | $50.1M | $43.3M |
| Q4 25 | 14.2% | 31.0% | ||
| Q3 25 | 35.5% | 6.9% | ||
| Q2 25 | 18.2% | 19.6% | ||
| Q1 25 | 24.4% | -3.1% | ||
| Q4 24 | 25.4% | 48.9% | ||
| Q3 24 | 33.5% | 28.0% | ||
| Q2 24 | 24.9% | 15.5% | ||
| Q1 24 | 31.8% | 43.7% |
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.6% | 0.1% | ||
| Q1 25 | 3.6% | 0.0% | ||
| Q4 24 | 0.4% | 0.4% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.2% | 0.5% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | 0.72× | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | -6.27× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | 2.26× | ||
| Q2 24 | 0.53× | 2.81× | ||
| Q1 24 | 4.66× | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
