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Side-by-side financial comparison of BLACKLINE, INC. (BL) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $93.6M, roughly 2.0× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 2.7%, a 53.3% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
BL vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $93.6M |
| Net Profit | $4.9M | $52.4M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 38.6% |
| Net Margin | 2.7% | 56.0% |
| Revenue YoY | 8.1% | -13.3% |
| Net Profit YoY | -91.3% | 12.5% |
| EPS (diluted) | $0.07 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $178.3M | $99.2M | ||
| Q2 25 | $172.0M | $70.2M | ||
| Q1 25 | $166.9M | $44.5M | ||
| Q4 24 | $169.5M | $107.9M | ||
| Q3 24 | $165.9M | $80.9M | ||
| Q2 24 | $160.5M | $71.2M | ||
| Q1 24 | $157.5M | $74.2M |
| Q4 25 | $4.9M | $52.4M | ||
| Q3 25 | $5.3M | $58.3M | ||
| Q2 25 | $8.3M | $7.5M | ||
| Q1 25 | $6.1M | $9.7M | ||
| Q4 24 | $56.4M | $46.5M | ||
| Q3 24 | $17.2M | $41.4M | ||
| Q2 24 | $76.7M | $25.4M | ||
| Q1 24 | $10.8M | $47.6M |
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | — | ||
| Q2 25 | 75.2% | — | ||
| Q1 25 | 75.5% | — | ||
| Q4 24 | 75.6% | — | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 74.9% | — | ||
| Q1 24 | 75.2% | — |
| Q4 25 | 3.7% | 38.6% | ||
| Q3 25 | 4.3% | 47.4% | ||
| Q2 25 | 4.4% | 24.2% | ||
| Q1 25 | 2.1% | -14.2% | ||
| Q4 24 | 3.7% | 51.1% | ||
| Q3 24 | 5.0% | 32.8% | ||
| Q2 24 | 1.4% | 40.2% | ||
| Q1 24 | 1.1% | 43.6% |
| Q4 25 | 2.7% | 56.0% | ||
| Q3 25 | 3.0% | 58.7% | ||
| Q2 25 | 4.8% | 10.7% | ||
| Q1 25 | 3.6% | 21.8% | ||
| Q4 24 | 33.3% | 43.1% | ||
| Q3 24 | 10.4% | 51.2% | ||
| Q2 24 | 47.8% | 35.7% | ||
| Q1 24 | 6.9% | 64.2% |
| Q4 25 | $0.07 | $0.49 | ||
| Q3 25 | $0.09 | $0.55 | ||
| Q2 25 | $0.13 | $-0.04 | ||
| Q1 25 | $0.10 | $-0.01 | ||
| Q4 24 | $0.79 | $0.45 | ||
| Q3 24 | $0.27 | $0.36 | ||
| Q2 24 | $0.22 | $0.17 | ||
| Q1 24 | $0.17 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $332.3M | $1.9B |
| Total Assets | $1.8B | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $190.5M | ||
| Q3 25 | $419.9M | $181.0M | ||
| Q2 25 | $459.1M | $108.6M | ||
| Q1 25 | $479.5M | $204.2M | ||
| Q4 24 | $885.9M | $103.2M | ||
| Q3 24 | $725.3M | $102.8M | ||
| Q2 24 | $616.6M | $336.3M | ||
| Q1 24 | $331.4M | $343.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $332.3M | $1.9B | ||
| Q3 25 | $328.3M | $1.9B | ||
| Q2 25 | $414.0M | $1.9B | ||
| Q1 25 | $417.9M | $1.9B | ||
| Q4 24 | $446.7M | $1.9B | ||
| Q3 24 | $367.9M | $1.9B | ||
| Q2 24 | $325.8M | $1.9B | ||
| Q1 24 | $279.8M | $2.0B |
| Q4 25 | $1.8B | $21.3B | ||
| Q3 25 | $1.7B | $18.5B | ||
| Q2 25 | $1.8B | $16.8B | ||
| Q1 25 | $1.8B | $14.9B | ||
| Q4 24 | $1.8B | $14.4B | ||
| Q3 24 | $1.7B | $13.1B | ||
| Q2 24 | $1.9B | $12.1B | ||
| Q1 24 | $2.1B | $12.3B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-7.2B | ||
| Q3 25 | $63.8M | $-1.3B | ||
| Q2 25 | $32.3M | $-2.0B | ||
| Q1 25 | $46.7M | $-594.3M | ||
| Q4 24 | $43.8M | $-2.7B | ||
| Q3 24 | $55.9M | $-983.8M | ||
| Q2 24 | $40.7M | $243.8M | ||
| Q1 24 | $50.4M | $-342.4M |
| Q4 25 | $26.1M | — | ||
| Q3 25 | $63.3M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $55.5M | — | ||
| Q2 24 | $40.0M | — | ||
| Q1 24 | $50.1M | — |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 35.5% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 5.46× | -137.76× | ||
| Q3 25 | 12.07× | -22.26× | ||
| Q2 25 | 3.90× | -267.53× | ||
| Q1 25 | 7.72× | -61.39× | ||
| Q4 24 | 0.78× | -58.08× | ||
| Q3 24 | 3.24× | -23.76× | ||
| Q2 24 | 0.53× | 9.59× | ||
| Q1 24 | 4.66× | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
