vs
Side-by-side financial comparison of BLACKLINE, INC. (BL) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $183.2M, roughly 1.8× BLACKLINE, INC.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 2.7%, a 3.6% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 8.1%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $26.1M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
BL vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $330.5M |
| Net Profit | $4.9M | $20.7M |
| Gross Margin | 75.2% | 25.4% |
| Operating Margin | 3.7% | 7.3% |
| Net Margin | 2.7% | 6.3% |
| Revenue YoY | 8.1% | 28.1% |
| Net Profit YoY | -91.3% | 57.2% |
| EPS (diluted) | $0.07 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $178.3M | $310.7M | ||
| Q2 25 | $172.0M | $280.1M | ||
| Q1 25 | $166.9M | $275.2M | ||
| Q4 24 | $169.5M | $257.9M | ||
| Q3 24 | $165.9M | $231.6M | ||
| Q2 24 | $160.5M | $197.4M | ||
| Q1 24 | $157.5M | $184.9M |
| Q4 25 | $4.9M | $20.7M | ||
| Q3 25 | $5.3M | $17.7M | ||
| Q2 25 | $8.3M | $14.7M | ||
| Q1 25 | $6.1M | $13.8M | ||
| Q4 24 | $56.4M | $13.1M | ||
| Q3 24 | $17.2M | $14.4M | ||
| Q2 24 | $76.7M | $9.4M | ||
| Q1 24 | $10.8M | $7.2M |
| Q4 25 | 75.2% | 25.4% | ||
| Q3 25 | 75.1% | 24.1% | ||
| Q2 25 | 75.2% | 25.5% | ||
| Q1 25 | 75.5% | 24.0% | ||
| Q4 24 | 75.6% | 25.6% | ||
| Q3 24 | 75.2% | 26.2% | ||
| Q2 24 | 74.9% | 29.8% | ||
| Q1 24 | 75.2% | 28.5% |
| Q4 25 | 3.7% | 7.3% | ||
| Q3 25 | 4.3% | 6.4% | ||
| Q2 25 | 4.4% | 5.7% | ||
| Q1 25 | 2.1% | 5.7% | ||
| Q4 24 | 3.7% | 5.5% | ||
| Q3 24 | 5.0% | 5.2% | ||
| Q2 24 | 1.4% | 5.2% | ||
| Q1 24 | 1.1% | 4.5% |
| Q4 25 | 2.7% | 6.3% | ||
| Q3 25 | 3.0% | 5.7% | ||
| Q2 25 | 4.8% | 5.3% | ||
| Q1 25 | 3.6% | 5.0% | ||
| Q4 24 | 33.3% | 5.1% | ||
| Q3 24 | 10.4% | 6.2% | ||
| Q2 24 | 47.8% | 4.7% | ||
| Q1 24 | 6.9% | 3.9% |
| Q4 25 | $0.07 | $0.16 | ||
| Q3 25 | $0.09 | $0.14 | ||
| Q2 25 | $0.13 | $0.11 | ||
| Q1 25 | $0.10 | $0.11 | ||
| Q4 24 | $0.79 | $0.11 | ||
| Q3 24 | $0.27 | $0.11 | ||
| Q2 24 | $0.22 | $0.07 | ||
| Q1 24 | $0.17 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $560.4M |
| Total Assets | $1.8B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $320.9M | ||
| Q3 25 | $419.9M | $287.9M | ||
| Q2 25 | $459.1M | $266.4M | ||
| Q1 25 | $479.5M | $245.8M | ||
| Q4 24 | $885.9M | $205.9M | ||
| Q3 24 | $725.3M | $187.5M | ||
| Q2 24 | $616.6M | $188.8M | ||
| Q1 24 | $331.4M | $180.1M |
| Q4 25 | $332.3M | $560.4M | ||
| Q3 25 | $328.3M | $537.4M | ||
| Q2 25 | $414.0M | $516.7M | ||
| Q1 25 | $417.9M | $500.4M | ||
| Q4 24 | $446.7M | $485.6M | ||
| Q3 24 | $367.9M | $468.8M | ||
| Q2 24 | $325.8M | $451.6M | ||
| Q1 24 | $279.8M | $439.4M |
| Q4 25 | $1.8B | $667.9M | ||
| Q3 25 | $1.7B | $644.4M | ||
| Q2 25 | $1.8B | $609.5M | ||
| Q1 25 | $1.8B | $590.9M | ||
| Q4 24 | $1.8B | $576.2M | ||
| Q3 24 | $1.7B | $552.9M | ||
| Q2 24 | $1.9B | $527.7M | ||
| Q1 24 | $2.1B | $514.0M |
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 | $45.1M |
| Free Cash FlowOCF − Capex | $26.1M | $45.0M |
| FCF MarginFCF / Revenue | 14.2% | 13.6% |
| Capex IntensityCapex / Revenue | 0.3% | 0.0% |
| Cash ConversionOCF / Net Profit | 5.46× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $45.1M | ||
| Q3 25 | $63.8M | $35.1M | ||
| Q2 25 | $32.3M | $31.5M | ||
| Q1 25 | $46.7M | $50.4M | ||
| Q4 24 | $43.8M | $27.9M | ||
| Q3 24 | $55.9M | $6.7M | ||
| Q2 24 | $40.7M | $18.0M | ||
| Q1 24 | $50.4M | $11.0M |
| Q4 25 | $26.1M | $45.0M | ||
| Q3 25 | $63.3M | $35.0M | ||
| Q2 25 | $31.4M | $31.4M | ||
| Q1 25 | $40.8M | $50.4M | ||
| Q4 24 | $43.0M | $27.8M | ||
| Q3 24 | $55.5M | $6.7M | ||
| Q2 24 | $40.0M | $17.8M | ||
| Q1 24 | $50.1M | $10.8M |
| Q4 25 | 14.2% | 13.6% | ||
| Q3 25 | 35.5% | 11.3% | ||
| Q2 25 | 18.2% | 11.2% | ||
| Q1 25 | 24.4% | 18.3% | ||
| Q4 24 | 25.4% | 10.8% | ||
| Q3 24 | 33.5% | 2.9% | ||
| Q2 24 | 24.9% | 9.0% | ||
| Q1 24 | 31.8% | 5.9% |
| Q4 25 | 0.3% | 0.0% | ||
| Q3 25 | 0.3% | 0.0% | ||
| Q2 25 | 0.6% | 0.0% | ||
| Q1 25 | 3.6% | 0.0% | ||
| Q4 24 | 0.4% | 0.0% | ||
| Q3 24 | 0.2% | 0.0% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
| Q4 25 | 5.46× | 2.18× | ||
| Q3 25 | 12.07× | 1.98× | ||
| Q2 25 | 3.90× | 2.14× | ||
| Q1 25 | 7.72× | 3.65× | ||
| Q4 24 | 0.78× | 2.12× | ||
| Q3 24 | 3.24× | 0.47× | ||
| Q2 24 | 0.53× | 1.93× | ||
| Q1 24 | 4.66× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
