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Side-by-side financial comparison of BLACKLINE, INC. (BL) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $183.2M, roughly 1.0× BLACKLINE, INC.). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 2.7%, a 4.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 8.1%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $26.1M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
BL vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $184.5M |
| Net Profit | $4.9M | $12.8M |
| Gross Margin | 75.2% | 26.1% |
| Operating Margin | 3.7% | 10.5% |
| Net Margin | 2.7% | 7.0% |
| Revenue YoY | 8.1% | 28.6% |
| Net Profit YoY | -91.3% | 62.3% |
| EPS (diluted) | $0.07 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $178.3M | $162.1M | ||
| Q2 25 | $172.0M | $194.3M | ||
| Q1 25 | $166.9M | $115.1M | ||
| Q4 24 | $169.5M | $143.5M | ||
| Q3 24 | $165.9M | $129.4M | ||
| Q2 24 | $160.5M | $199.9M | ||
| Q1 24 | $157.5M | $95.7M |
| Q4 25 | $4.9M | $12.8M | ||
| Q3 25 | $5.3M | $8.0M | ||
| Q2 25 | $8.3M | $26.0M | ||
| Q1 25 | $6.1M | $148.0K | ||
| Q4 24 | $56.4M | $7.9M | ||
| Q3 24 | $17.2M | $32.3M | ||
| Q2 24 | $76.7M | $24.3M | ||
| Q1 24 | $10.8M | $-8.4M |
| Q4 25 | 75.2% | 26.1% | ||
| Q3 25 | 75.1% | 23.5% | ||
| Q2 25 | 75.2% | 31.0% | ||
| Q1 25 | 75.5% | 24.5% | ||
| Q4 24 | 75.6% | 24.9% | ||
| Q3 24 | 75.2% | 23.9% | ||
| Q2 24 | 74.9% | 30.7% | ||
| Q1 24 | 75.2% | 19.8% |
| Q4 25 | 3.7% | 10.5% | ||
| Q3 25 | 4.3% | 8.7% | ||
| Q2 25 | 4.4% | 19.0% | ||
| Q1 25 | 2.1% | 2.8% | ||
| Q4 24 | 3.7% | 9.0% | ||
| Q3 24 | 5.0% | 35.4% | ||
| Q2 24 | 1.4% | 18.2% | ||
| Q1 24 | 1.1% | -6.7% |
| Q4 25 | 2.7% | 7.0% | ||
| Q3 25 | 3.0% | 4.9% | ||
| Q2 25 | 4.8% | 13.4% | ||
| Q1 25 | 3.6% | 0.1% | ||
| Q4 24 | 33.3% | 5.5% | ||
| Q3 24 | 10.4% | 24.9% | ||
| Q2 24 | 47.8% | 12.2% | ||
| Q1 24 | 6.9% | -8.7% |
| Q4 25 | $0.07 | $0.54 | ||
| Q3 25 | $0.09 | $0.33 | ||
| Q2 25 | $0.13 | $1.09 | ||
| Q1 25 | $0.10 | $0.00 | ||
| Q4 24 | $0.79 | $0.35 | ||
| Q3 24 | $0.27 | $1.36 | ||
| Q2 24 | $0.22 | $1.02 | ||
| Q1 24 | $0.17 | $-0.37 |
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 | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $332.3M | $281.4M |
| Total Assets | $1.8B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | — | ||
| Q2 25 | $459.1M | — | ||
| Q1 25 | $479.5M | — | ||
| Q4 24 | $885.9M | — | ||
| Q3 24 | $725.3M | — | ||
| Q2 24 | $616.6M | — | ||
| Q1 24 | $331.4M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | $281.4M | ||
| Q3 25 | $328.3M | $275.3M | ||
| Q2 25 | $414.0M | $273.3M | ||
| Q1 25 | $417.9M | $258.9M | ||
| Q4 24 | $446.7M | $264.2M | ||
| Q3 24 | $367.9M | $260.8M | ||
| Q2 24 | $325.8M | $236.7M | ||
| Q1 24 | $279.8M | $217.2M |
| Q4 25 | $1.8B | $626.7M | ||
| Q3 25 | $1.7B | $694.9M | ||
| Q2 25 | $1.8B | $671.5M | ||
| Q1 25 | $1.8B | $621.0M | ||
| Q4 24 | $1.8B | $590.0M | ||
| Q3 24 | $1.7B | $665.6M | ||
| Q2 24 | $1.9B | $617.0M | ||
| Q1 24 | $2.1B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| 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 | $95.9M |
| Free Cash FlowOCF − Capex | $26.1M | $92.8M |
| FCF MarginFCF / Revenue | 14.2% | 50.3% |
| Capex IntensityCapex / Revenue | 0.3% | 1.7% |
| Cash ConversionOCF / Net Profit | 5.46× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $95.9M | ||
| Q3 25 | $63.8M | $-8.5M | ||
| Q2 25 | $32.3M | $-11.4M | ||
| Q1 25 | $46.7M | $-1.3M | ||
| Q4 24 | $43.8M | $74.4M | ||
| Q3 24 | $55.9M | $-14.2M | ||
| Q2 24 | $40.7M | $2.5M | ||
| Q1 24 | $50.4M | $-21.6M |
| Q4 25 | $26.1M | $92.8M | ||
| Q3 25 | $63.3M | $-11.4M | ||
| Q2 25 | $31.4M | $-14.3M | ||
| Q1 25 | $40.8M | $-3.5M | ||
| Q4 24 | $43.0M | $70.2M | ||
| Q3 24 | $55.5M | $-15.2M | ||
| Q2 24 | $40.0M | $836.0K | ||
| Q1 24 | $50.1M | $-22.4M |
| Q4 25 | 14.2% | 50.3% | ||
| Q3 25 | 35.5% | -7.1% | ||
| Q2 25 | 18.2% | -7.4% | ||
| Q1 25 | 24.4% | -3.0% | ||
| Q4 24 | 25.4% | 48.9% | ||
| Q3 24 | 33.5% | -11.8% | ||
| Q2 24 | 24.9% | 0.4% | ||
| Q1 24 | 31.8% | -23.4% |
| Q4 25 | 0.3% | 1.7% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 0.6% | 1.5% | ||
| Q1 25 | 3.6% | 1.9% | ||
| Q4 24 | 0.4% | 2.9% | ||
| Q3 24 | 0.2% | 0.8% | ||
| Q2 24 | 0.4% | 0.8% | ||
| Q1 24 | 0.2% | 0.8% |
| Q4 25 | 5.46× | 7.47× | ||
| Q3 25 | 12.07× | -1.07× | ||
| Q2 25 | 3.90× | -0.44× | ||
| Q1 25 | 7.72× | -9.03× | ||
| Q4 24 | 0.78× | 9.41× | ||
| Q3 24 | 3.24× | -0.44× | ||
| Q2 24 | 0.53× | 0.10× | ||
| Q1 24 | 4.66× | — |
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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
