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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $183.2M, roughly 1.4× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs 1.4%, a 1.3% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -9.4%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
BL vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $260.4M |
| Net Profit | $4.9M | $3.5M |
| Gross Margin | 75.2% | 19.9% |
| Operating Margin | 3.7% | 6.5% |
| Net Margin | 2.7% | 1.4% |
| Revenue YoY | 8.1% | -9.4% |
| Net Profit YoY | -91.3% | -14.3% |
| EPS (diluted) | $0.07 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $178.3M | $262.0M | ||
| Q2 25 | $172.0M | $223.9M | ||
| Q1 25 | $166.9M | $224.7M | ||
| Q4 24 | $169.5M | $287.5M | ||
| Q3 24 | $165.9M | $277.8M | ||
| Q2 24 | $160.5M | $220.9M | ||
| Q1 24 | $157.5M | $189.2M |
| Q4 25 | $4.9M | $3.5M | ||
| Q3 25 | $5.3M | $2.1M | ||
| Q2 25 | $8.3M | $2.4M | ||
| Q1 25 | $6.1M | $2.7M | ||
| Q4 24 | $56.4M | $4.1M | ||
| Q3 24 | $17.2M | $5.3M | ||
| Q2 24 | $76.7M | $3.6M | ||
| Q1 24 | $10.8M | $3.0M |
| Q4 25 | 75.2% | 19.9% | ||
| Q3 25 | 75.1% | 21.0% | ||
| Q2 25 | 75.2% | 23.2% | ||
| Q1 25 | 75.5% | 23.8% | ||
| Q4 24 | 75.6% | 25.5% | ||
| Q3 24 | 75.2% | 26.5% | ||
| Q2 24 | 74.9% | 26.7% | ||
| Q1 24 | 75.2% | 26.1% |
| Q4 25 | 3.7% | 6.5% | ||
| Q3 25 | 4.3% | 6.6% | ||
| Q2 25 | 4.4% | 7.7% | ||
| Q1 25 | 2.1% | 8.7% | ||
| Q4 24 | 3.7% | 10.4% | ||
| Q3 24 | 5.0% | 14.2% | ||
| Q2 24 | 1.4% | 11.7% | ||
| Q1 24 | 1.1% | 11.3% |
| Q4 25 | 2.7% | 1.4% | ||
| Q3 25 | 3.0% | 0.8% | ||
| Q2 25 | 4.8% | 1.1% | ||
| Q1 25 | 3.6% | 1.2% | ||
| Q4 24 | 33.3% | 1.4% | ||
| Q3 24 | 10.4% | 1.9% | ||
| Q2 24 | 47.8% | 1.7% | ||
| Q1 24 | 6.9% | 1.6% |
| Q4 25 | $0.07 | $0.39 | ||
| Q3 25 | $0.09 | $0.24 | ||
| Q2 25 | $0.13 | $0.26 | ||
| Q1 25 | $0.10 | $0.30 | ||
| Q4 24 | $0.79 | $0.50 | ||
| Q3 24 | $0.27 | $0.58 | ||
| Q2 24 | $0.22 | $0.40 | ||
| Q1 24 | $0.17 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $86.7M |
| Total Assets | $1.8B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $12.7M | ||
| Q3 25 | $419.9M | $14.8M | ||
| Q2 25 | $459.1M | $16.8M | ||
| Q1 25 | $479.5M | $12.7M | ||
| Q4 24 | $885.9M | $22.4M | ||
| Q3 24 | $725.3M | $23.7M | ||
| Q2 24 | $616.6M | $17.3M | ||
| Q1 24 | $331.4M | $32.8M |
| Q4 25 | $332.3M | $86.7M | ||
| Q3 25 | $328.3M | $82.2M | ||
| Q2 25 | $414.0M | $80.0M | ||
| Q1 25 | $417.9M | $76.9M | ||
| Q4 24 | $446.7M | $73.6M | ||
| Q3 24 | $367.9M | $68.4M | ||
| Q2 24 | $325.8M | $62.1M | ||
| Q1 24 | $279.8M | $59.7M |
| Q4 25 | $1.8B | $557.6M | ||
| Q3 25 | $1.7B | $571.6M | ||
| Q2 25 | $1.8B | $570.2M | ||
| Q1 25 | $1.8B | $513.9M | ||
| Q4 24 | $1.8B | $475.9M | ||
| Q3 24 | $1.7B | $460.1M | ||
| Q2 24 | $1.9B | $429.3M | ||
| Q1 24 | $2.1B | $401.3M |
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 | $9.8M |
| Free Cash FlowOCF − Capex | $26.1M | $8.7M |
| FCF MarginFCF / Revenue | 14.2% | 3.4% |
| Capex IntensityCapex / Revenue | 0.3% | 0.4% |
| Cash ConversionOCF / Net Profit | 5.46× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $9.8M | ||
| Q3 25 | $63.8M | $22.8M | ||
| Q2 25 | $32.3M | $-28.9M | ||
| Q1 25 | $46.7M | $-34.9M | ||
| Q4 24 | $43.8M | $5.5M | ||
| Q3 24 | $55.9M | $22.9M | ||
| Q2 24 | $40.7M | $39.0K | ||
| Q1 24 | $50.4M | $-9.3M |
| Q4 25 | $26.1M | $8.7M | ||
| Q3 25 | $63.3M | $21.4M | ||
| Q2 25 | $31.4M | $-31.1M | ||
| Q1 25 | $40.8M | $-35.9M | ||
| Q4 24 | $43.0M | $4.8M | ||
| Q3 24 | $55.5M | $22.3M | ||
| Q2 24 | $40.0M | $-2.1M | ||
| Q1 24 | $50.1M | $-9.7M |
| Q4 25 | 14.2% | 3.4% | ||
| Q3 25 | 35.5% | 8.2% | ||
| Q2 25 | 18.2% | -13.9% | ||
| Q1 25 | 24.4% | -16.0% | ||
| Q4 24 | 25.4% | 1.7% | ||
| Q3 24 | 33.5% | 8.0% | ||
| Q2 24 | 24.9% | -1.0% | ||
| Q1 24 | 31.8% | -5.1% |
| Q4 25 | 0.3% | 0.4% | ||
| Q3 25 | 0.3% | 0.5% | ||
| Q2 25 | 0.6% | 0.9% | ||
| Q1 25 | 3.6% | 0.5% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.4% | 1.0% | ||
| Q1 24 | 0.2% | 0.2% |
| Q4 25 | 5.46× | 2.77× | ||
| Q3 25 | 12.07× | 10.70× | ||
| Q2 25 | 3.90× | -12.24× | ||
| Q1 25 | 7.72× | -13.01× | ||
| Q4 24 | 0.78× | 1.33× | ||
| Q3 24 | 3.24× | 4.28× | ||
| Q2 24 | 0.53× | 0.01× | ||
| Q1 24 | 4.66× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
