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Side-by-side financial comparison of BLACKLINE, INC. (BL) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $137.0M, roughly 1.3× STRATASYS LTD.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -40.6%, a 43.3% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -2.2%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $2.5M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -7.4%).
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.
Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.
BL vs SSYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $137.0M |
| Net Profit | $4.9M | $-55.6M |
| Gross Margin | 75.2% | 41.0% |
| Operating Margin | 3.7% | -16.6% |
| Net Margin | 2.7% | -40.6% |
| Revenue YoY | 8.1% | -2.2% |
| Net Profit YoY | -91.3% | -109.0% |
| EPS (diluted) | $0.07 | — |
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 | — | ||
| Q3 25 | $178.3M | $137.0M | ||
| Q2 25 | $172.0M | $138.1M | ||
| Q1 25 | $166.9M | $136.0M | ||
| Q4 24 | $169.5M | — | ||
| Q3 24 | $165.9M | $140.0M | ||
| Q2 24 | $160.5M | $138.0M | ||
| Q1 24 | $157.5M | $144.1M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $5.3M | $-55.6M | ||
| Q2 25 | $8.3M | $-16.7M | ||
| Q1 25 | $6.1M | $-13.1M | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $17.2M | $-26.6M | ||
| Q2 24 | $76.7M | $-25.7M | ||
| Q1 24 | $10.8M | $-26.0M |
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | 41.0% | ||
| Q2 25 | 75.2% | 43.1% | ||
| Q1 25 | 75.5% | 44.3% | ||
| Q4 24 | 75.6% | — | ||
| Q3 24 | 75.2% | 44.8% | ||
| Q2 24 | 74.9% | 43.8% | ||
| Q1 24 | 75.2% | 44.4% |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 4.3% | -16.6% | ||
| Q2 25 | 4.4% | -12.0% | ||
| Q1 25 | 2.1% | -9.1% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 5.0% | -18.2% | ||
| Q2 24 | 1.4% | -18.9% | ||
| Q1 24 | 1.1% | -17.0% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.0% | -40.6% | ||
| Q2 25 | 4.8% | -12.1% | ||
| Q1 25 | 3.6% | -9.6% | ||
| Q4 24 | 33.3% | — | ||
| Q3 24 | 10.4% | -19.0% | ||
| Q2 24 | 47.8% | -18.6% | ||
| Q1 24 | 6.9% | -18.0% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $0.10 | — | ||
| Q4 24 | $0.79 | — | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.22 | — | ||
| Q1 24 | $0.17 | — |
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 | $71.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $852.5M |
| Total Assets | $1.8B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | $71.5M | ||
| Q2 25 | $459.1M | $71.1M | ||
| Q1 25 | $479.5M | $70.1M | ||
| Q4 24 | $885.9M | — | ||
| Q3 24 | $725.3M | $64.0M | ||
| Q2 24 | $616.6M | $70.9M | ||
| Q1 24 | $331.4M | $91.1M |
| Q4 25 | $332.3M | — | ||
| Q3 25 | $328.3M | $852.5M | ||
| Q2 25 | $414.0M | $902.4M | ||
| Q1 25 | $417.9M | $784.8M | ||
| Q4 24 | $446.7M | — | ||
| Q3 24 | $367.9M | $831.8M | ||
| Q2 24 | $325.8M | $850.5M | ||
| Q1 24 | $279.8M | $866.1M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.8B | $1.0B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
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 | $6.9M |
| Free Cash FlowOCF − Capex | $26.1M | $2.5M |
| FCF MarginFCF / Revenue | 14.2% | 1.8% |
| Capex IntensityCapex / Revenue | 0.3% | 3.2% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-11.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | — | ||
| Q3 25 | $63.8M | $6.9M | ||
| Q2 25 | $32.3M | $-1.1M | ||
| Q1 25 | $46.7M | $4.5M | ||
| Q4 24 | $43.8M | — | ||
| Q3 24 | $55.9M | $-4.5M | ||
| Q2 24 | $40.7M | $-2.4M | ||
| Q1 24 | $50.4M | $7.3M |
| Q4 25 | $26.1M | — | ||
| Q3 25 | $63.3M | $2.5M | ||
| Q2 25 | $31.4M | $-8.4M | ||
| Q1 25 | $40.8M | $789.0K | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $55.5M | $-6.3M | ||
| Q2 24 | $40.0M | $-4.9M | ||
| Q1 24 | $50.1M | $5.0M |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 35.5% | 1.8% | ||
| Q2 25 | 18.2% | -6.1% | ||
| Q1 25 | 24.4% | 0.6% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 33.5% | -4.5% | ||
| Q2 24 | 24.9% | -3.6% | ||
| Q1 24 | 31.8% | 3.5% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | 3.2% | ||
| Q2 25 | 0.6% | 5.3% | ||
| Q1 25 | 3.6% | 2.8% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.4% | 1.8% | ||
| Q1 24 | 0.2% | 1.6% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — | ||
| 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% |
SSYS
Segment breakdown not available.
