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Side-by-side financial comparison of BLACKLINE, INC. (BL) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $153.1M, roughly 1.2× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 2.7%, a 2.1% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 8.1%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $26.1M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
BL vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $153.1M |
| Net Profit | $4.9M | $7.3M |
| Gross Margin | 75.2% | 31.5% |
| Operating Margin | 3.7% | 12.0% |
| Net Margin | 2.7% | 4.8% |
| Revenue YoY | 8.1% | 22.3% |
| Net Profit YoY | -91.3% | 8.5% |
| EPS (diluted) | $0.07 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $178.3M | $138.0M | ||
| Q2 25 | $172.0M | $129.8M | ||
| Q1 25 | $166.9M | $122.8M | ||
| Q4 24 | $169.5M | $125.1M | ||
| Q3 24 | $165.9M | $124.8M | ||
| Q2 24 | $160.5M | $118.8M | ||
| Q1 24 | $157.5M | $111.9M |
| Q4 25 | $4.9M | $7.3M | ||
| Q3 25 | $5.3M | $2.3M | ||
| Q2 25 | $8.3M | $518.0K | ||
| Q1 25 | $6.1M | $4.8M | ||
| Q4 24 | $56.4M | $6.8M | ||
| Q3 24 | $17.2M | $1.3M | ||
| Q2 24 | $76.7M | $6.0M | ||
| Q1 24 | $10.8M | $5.5M |
| Q4 25 | 75.2% | 31.5% | ||
| Q3 25 | 75.1% | 29.7% | ||
| Q2 25 | 75.2% | 30.9% | ||
| Q1 25 | 75.5% | 33.2% | ||
| Q4 24 | 75.6% | 34.1% | ||
| Q3 24 | 75.2% | 35.8% | ||
| Q2 24 | 74.9% | 35.7% | ||
| Q1 24 | 75.2% | 37.1% |
| Q4 25 | 3.7% | 12.0% | ||
| Q3 25 | 4.3% | 9.4% | ||
| Q2 25 | 4.4% | 7.3% | ||
| Q1 25 | 2.1% | 11.5% | ||
| Q4 24 | 3.7% | 12.7% | ||
| Q3 24 | 5.0% | 14.3% | ||
| Q2 24 | 1.4% | 12.5% | ||
| Q1 24 | 1.1% | 12.6% |
| Q4 25 | 2.7% | 4.8% | ||
| Q3 25 | 3.0% | 1.7% | ||
| Q2 25 | 4.8% | 0.4% | ||
| Q1 25 | 3.6% | 3.9% | ||
| Q4 24 | 33.3% | 5.4% | ||
| Q3 24 | 10.4% | 1.0% | ||
| Q2 24 | 47.8% | 5.1% | ||
| Q1 24 | 6.9% | 4.9% |
| Q4 25 | $0.07 | $0.62 | ||
| Q3 25 | $0.09 | $0.19 | ||
| Q2 25 | $0.13 | $0.04 | ||
| Q1 25 | $0.10 | $0.40 | ||
| Q4 24 | $0.79 | $0.56 | ||
| Q3 24 | $0.27 | $0.11 | ||
| Q2 24 | $0.22 | $0.51 | ||
| Q1 24 | $0.17 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $332.3M | $-17.3M |
| Total Assets | $1.8B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $21.7M | ||
| Q3 25 | $419.9M | $16.0M | ||
| Q2 25 | $459.1M | $17.1M | ||
| Q1 25 | $479.5M | $31.5M | ||
| Q4 24 | $885.9M | $33.5M | ||
| Q3 24 | $725.3M | $14.7M | ||
| Q2 24 | $616.6M | $7.5M | ||
| Q1 24 | $331.4M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $332.3M | $-17.3M | ||
| Q3 25 | $328.3M | $-25.7M | ||
| Q2 25 | $414.0M | $-29.0M | ||
| Q1 25 | $417.9M | $-29.7M | ||
| Q4 24 | $446.7M | $-35.6M | ||
| Q3 24 | $367.9M | $-42.8M | ||
| Q2 24 | $325.8M | $-44.6M | ||
| Q1 24 | $279.8M | $-48.5M |
| Q4 25 | $1.8B | $403.2M | ||
| Q3 25 | $1.7B | $407.1M | ||
| Q2 25 | $1.8B | $399.8M | ||
| Q1 25 | $1.8B | $351.9M | ||
| Q4 24 | $1.8B | $349.7M | ||
| Q3 24 | $1.7B | $342.3M | ||
| Q2 24 | $1.9B | $321.4M | ||
| Q1 24 | $2.1B | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $26.1M | $35.2M |
| FCF MarginFCF / Revenue | 14.2% | 23.0% |
| Capex IntensityCapex / Revenue | 0.3% | 2.9% |
| Cash ConversionOCF / Net Profit | 5.46× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $39.6M | ||
| Q3 25 | $63.8M | $10.0M | ||
| Q2 25 | $32.3M | $4.3M | ||
| Q1 25 | $46.7M | $5.6M | ||
| Q4 24 | $43.8M | $26.7M | ||
| Q3 24 | $55.9M | $12.5M | ||
| Q2 24 | $40.7M | $-4.8M | ||
| Q1 24 | $50.4M | $8.9M |
| Q4 25 | $26.1M | $35.2M | ||
| Q3 25 | $63.3M | $5.3M | ||
| Q2 25 | $31.4M | $533.0K | ||
| Q1 25 | $40.8M | $292.0K | ||
| Q4 24 | $43.0M | $21.6M | ||
| Q3 24 | $55.5M | $11.1M | ||
| Q2 24 | $40.0M | $-6.0M | ||
| Q1 24 | $50.1M | $7.4M |
| Q4 25 | 14.2% | 23.0% | ||
| Q3 25 | 35.5% | 3.8% | ||
| Q2 25 | 18.2% | 0.4% | ||
| Q1 25 | 24.4% | 0.2% | ||
| Q4 24 | 25.4% | 17.3% | ||
| Q3 24 | 33.5% | 8.9% | ||
| Q2 24 | 24.9% | -5.0% | ||
| Q1 24 | 31.8% | 6.6% |
| Q4 25 | 0.3% | 2.9% | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.6% | 2.9% | ||
| Q1 25 | 3.6% | 4.3% | ||
| Q4 24 | 0.4% | 4.0% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.4% | 1.0% | ||
| Q1 24 | 0.2% | 1.3% |
| Q4 25 | 5.46× | 5.39× | ||
| Q3 25 | 12.07× | 4.32× | ||
| Q2 25 | 3.90× | 8.39× | ||
| Q1 25 | 7.72× | 1.17× | ||
| Q4 24 | 0.78× | 3.94× | ||
| Q3 24 | 3.24× | 9.70× | ||
| Q2 24 | 0.53× | -0.79× | ||
| Q1 24 | 4.66× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
