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Side-by-side financial comparison of BLACKLINE, INC. (BL) and POTLATCHDELTIC CORP (PCH). Click either name above to swap in a different company.

POTLATCHDELTIC CORP is the larger business by last-quarter revenue ($314.2M vs $183.2M, roughly 1.7× BLACKLINE, INC.). POTLATCHDELTIC CORP runs the higher net margin — 8.2% vs 2.7%, a 5.6% gap on every dollar of revenue. On growth, POTLATCHDELTIC CORP posted the faster year-over-year revenue change (23.1% vs 8.1%). POTLATCHDELTIC CORP produced more free cash flow last quarter ($50.1M vs $26.1M). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% 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.

PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.

BL vs PCH — Head-to-Head

Bigger by revenue
PCH
PCH
1.7× larger
PCH
$314.2M
$183.2M
BL
Growing faster (revenue YoY)
PCH
PCH
+15.0% gap
PCH
23.1%
8.1%
BL
Higher net margin
PCH
PCH
5.6% more per $
PCH
8.2%
2.7%
BL
More free cash flow
PCH
PCH
$24.1M more FCF
PCH
$50.1M
$26.1M
BL
Faster 2-yr revenue CAGR
PCH
PCH
Annualised
PCH
11.1%
7.9%
BL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BL
BL
PCH
PCH
Revenue
$183.2M
$314.2M
Net Profit
$4.9M
$25.9M
Gross Margin
75.2%
18.2%
Operating Margin
3.7%
11.2%
Net Margin
2.7%
8.2%
Revenue YoY
8.1%
23.1%
Net Profit YoY
-91.3%
682.5%
EPS (diluted)
$0.07
$0.33

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.

Revenue
BL
BL
PCH
PCH
Q4 25
$183.2M
Q3 25
$178.3M
$314.2M
Q2 25
$172.0M
$275.0M
Q1 25
$166.9M
$268.3M
Q4 24
$169.5M
$258.1M
Q3 24
$165.9M
$255.1M
Q2 24
$160.5M
$320.7M
Q1 24
$157.5M
$228.1M
Net Profit
BL
BL
PCH
PCH
Q4 25
$4.9M
Q3 25
$5.3M
$25.9M
Q2 25
$8.3M
$7.4M
Q1 25
$6.1M
$25.8M
Q4 24
$56.4M
$5.2M
Q3 24
$17.2M
$3.3M
Q2 24
$76.7M
$13.7M
Q1 24
$10.8M
$-305.0K
Gross Margin
BL
BL
PCH
PCH
Q4 25
75.2%
Q3 25
75.1%
18.2%
Q2 25
75.2%
13.0%
Q1 25
75.5%
17.8%
Q4 24
75.6%
13.4%
Q3 24
75.2%
10.8%
Q2 24
74.9%
11.9%
Q1 24
75.2%
7.0%
Operating Margin
BL
BL
PCH
PCH
Q4 25
3.7%
Q3 25
4.3%
11.2%
Q2 25
4.4%
5.0%
Q1 25
2.1%
10.3%
Q4 24
3.7%
5.2%
Q3 24
5.0%
2.8%
Q2 24
1.4%
5.4%
Q1 24
1.1%
-2.1%
Net Margin
BL
BL
PCH
PCH
Q4 25
2.7%
Q3 25
3.0%
8.2%
Q2 25
4.8%
2.7%
Q1 25
3.6%
9.6%
Q4 24
33.3%
2.0%
Q3 24
10.4%
1.3%
Q2 24
47.8%
4.3%
Q1 24
6.9%
-0.1%
EPS (diluted)
BL
BL
PCH
PCH
Q4 25
$0.07
Q3 25
$0.09
$0.33
Q2 25
$0.13
$0.09
Q1 25
$0.10
$0.33
Q4 24
$0.79
$0.07
Q3 24
$0.27
$0.04
Q2 24
$0.22
$0.17
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
BL
BL
PCH
PCH
Cash + ST InvestmentsLiquidity on hand
$390.0M
$88.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$332.3M
$1.9B
Total Assets
$1.8B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BL
BL
PCH
PCH
Q4 25
$390.0M
Q3 25
$419.9M
$88.8M
Q2 25
$459.1M
$95.3M
Q1 25
$479.5M
$147.5M
Q4 24
$885.9M
$151.6M
Q3 24
$725.3M
$161.1M
Q2 24
$616.6M
$199.7M
Q1 24
$331.4M
$180.2M
Total Debt
BL
BL
PCH
PCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BL
BL
PCH
PCH
Q4 25
$332.3M
Q3 25
$328.3M
$1.9B
Q2 25
$414.0M
$1.9B
Q1 25
$417.9M
$2.0B
Q4 24
$446.7M
$2.0B
Q3 24
$367.9M
$2.1B
Q2 24
$325.8M
$2.1B
Q1 24
$279.8M
$2.2B
Total Assets
BL
BL
PCH
PCH
Q4 25
$1.8B
Q3 25
$1.7B
$3.2B
Q2 25
$1.8B
$3.2B
Q1 25
$1.8B
$3.3B
Q4 24
$1.8B
$3.3B
Q3 24
$1.7B
$3.3B
Q2 24
$1.9B
$3.4B
Q1 24
$2.1B
$3.4B
Debt / Equity
BL
BL
PCH
PCH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.51×
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
BL
BL
PCH
PCH
Operating Cash FlowLast quarter
$26.7M
$65.7M
Free Cash FlowOCF − Capex
$26.1M
$50.1M
FCF MarginFCF / Revenue
14.2%
15.9%
Capex IntensityCapex / Revenue
0.3%
4.9%
Cash ConversionOCF / Net Profit
5.46×
2.54×
TTM Free Cash FlowTrailing 4 quarters
$161.5M
$132.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BL
BL
PCH
PCH
Q4 25
$26.7M
Q3 25
$63.8M
$65.7M
Q2 25
$32.3M
$41.0M
Q1 25
$46.7M
$49.1M
Q4 24
$43.8M
$45.4M
Q3 24
$55.9M
$26.5M
Q2 24
$40.7M
$100.6M
Q1 24
$50.4M
$16.0M
Free Cash Flow
BL
BL
PCH
PCH
Q4 25
$26.1M
Q3 25
$63.3M
$50.1M
Q2 25
$31.4M
$30.6M
Q1 25
$40.8M
$26.3M
Q4 24
$43.0M
$25.4M
Q3 24
$55.5M
$-8.2M
Q2 24
$40.0M
$72.4M
Q1 24
$50.1M
$2.0M
FCF Margin
BL
BL
PCH
PCH
Q4 25
14.2%
Q3 25
35.5%
15.9%
Q2 25
18.2%
11.1%
Q1 25
24.4%
9.8%
Q4 24
25.4%
9.9%
Q3 24
33.5%
-3.2%
Q2 24
24.9%
22.6%
Q1 24
31.8%
0.9%
Capex Intensity
BL
BL
PCH
PCH
Q4 25
0.3%
Q3 25
0.3%
4.9%
Q2 25
0.6%
3.8%
Q1 25
3.6%
8.5%
Q4 24
0.4%
7.7%
Q3 24
0.2%
13.6%
Q2 24
0.4%
8.8%
Q1 24
0.2%
6.1%
Cash Conversion
BL
BL
PCH
PCH
Q4 25
5.46×
Q3 25
12.07×
2.54×
Q2 25
3.90×
5.58×
Q1 25
7.72×
1.90×
Q4 24
0.78×
8.74×
Q3 24
3.24×
7.99×
Q2 24
0.53×
7.35×
Q1 24
4.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BL
BL

Subscription And Circulation$173.2M95%
Technology Service$10.0M5%

PCH
PCH

Lumber$131.8M42%
Timberlands$52.5M17%
Rural Real Estate$51.3M16%
Residuals And Panels$34.0M11%
Pulpwood$16.7M5%
Development Real Estate$14.6M5%
Other$8.1M3%
Other Products$5.2M2%

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