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Side-by-side financial comparison of BLACKLINE, INC. (BL) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $183.2M, roughly 1.2× BLACKLINE, INC.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs 2.7%, a 25.0% gap on every dollar of revenue. On growth, STAG Industrial, Inc. posted the faster year-over-year revenue change (9.1% vs 8.1%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% 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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
BL vs STAG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $224.2M |
| Net Profit | $4.9M | $62.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | 27.6% |
| Revenue YoY | 8.1% | 9.1% |
| Net Profit YoY | -91.3% | — |
| EPS (diluted) | $0.07 | $0.32 |
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.
| Q1 26 | — | $224.2M | ||
| Q4 25 | $183.2M | $220.9M | ||
| Q3 25 | $178.3M | $211.1M | ||
| Q2 25 | $172.0M | $207.6M | ||
| Q1 25 | $166.9M | $205.6M | ||
| Q4 24 | $169.5M | $199.3M | ||
| Q3 24 | $165.9M | $190.7M | ||
| Q2 24 | $160.5M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $4.9M | $83.5M | ||
| Q3 25 | $5.3M | $48.6M | ||
| Q2 25 | $8.3M | $50.0M | ||
| Q1 25 | $6.1M | $91.4M | ||
| Q4 24 | $56.4M | $51.0M | ||
| Q3 24 | $17.2M | $41.9M | ||
| Q2 24 | $76.7M | $59.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 1.4% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | 2.7% | 37.8% | ||
| Q3 25 | 3.0% | 23.0% | ||
| Q2 25 | 4.8% | 24.1% | ||
| Q1 25 | 3.6% | 44.5% | ||
| Q4 24 | 33.3% | 25.6% | ||
| Q3 24 | 10.4% | 21.9% | ||
| Q2 24 | 47.8% | 31.5% |
| Q1 26 | — | $0.32 | ||
| 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 | — |
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 | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $3.6B |
| Total Assets | $1.8B | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $390.0M | $14.9M | ||
| Q3 25 | $419.9M | $17.3M | ||
| Q2 25 | $459.1M | $15.4M | ||
| Q1 25 | $479.5M | $9.3M | ||
| Q4 24 | $885.9M | $36.3M | ||
| Q3 24 | $725.3M | $70.0M | ||
| Q2 24 | $616.6M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $332.3M | $3.6B | ||
| Q3 25 | $328.3M | $3.4B | ||
| Q2 25 | $414.0M | $3.4B | ||
| Q1 25 | $417.9M | $3.5B | ||
| Q4 24 | $446.7M | $3.5B | ||
| Q3 24 | $367.9M | $3.3B | ||
| Q2 24 | $325.8M | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $1.8B | $7.2B | ||
| Q3 25 | $1.7B | $6.9B | ||
| Q2 25 | $1.8B | $6.8B | ||
| Q1 25 | $1.8B | $6.8B | ||
| Q4 24 | $1.8B | $6.8B | ||
| Q3 24 | $1.7B | $6.6B | ||
| Q2 24 | $1.9B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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 | — |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | 3.9% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $104.5M | ||
| Q3 25 | $63.8M | $143.5M | ||
| Q2 25 | $32.3M | $111.9M | ||
| Q1 25 | $46.7M | $103.5M | ||
| Q4 24 | $43.8M | $104.9M | ||
| Q3 24 | $55.9M | $128.0M | ||
| Q2 24 | $40.7M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $43.8M | ||
| Q3 25 | $63.3M | $95.5M | ||
| Q2 25 | $31.4M | $62.3M | ||
| Q1 25 | $40.8M | $57.2M | ||
| Q4 24 | $43.0M | $37.6M | ||
| Q3 24 | $55.5M | $86.7M | ||
| Q2 24 | $40.0M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | 19.8% | ||
| Q3 25 | 35.5% | 45.2% | ||
| Q2 25 | 18.2% | 30.0% | ||
| Q1 25 | 24.4% | 27.8% | ||
| Q4 24 | 25.4% | 18.8% | ||
| Q3 24 | 33.5% | 45.5% | ||
| Q2 24 | 24.9% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 0.3% | 27.4% | ||
| Q3 25 | 0.3% | 22.7% | ||
| Q2 25 | 0.6% | 23.9% | ||
| Q1 25 | 3.6% | 22.5% | ||
| Q4 24 | 0.4% | 33.8% | ||
| Q3 24 | 0.2% | 21.6% | ||
| Q2 24 | 0.4% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | 1.25× | ||
| Q3 25 | 12.07× | 2.95× | ||
| Q2 25 | 3.90× | 2.24× | ||
| Q1 25 | 7.72× | 1.13× | ||
| Q4 24 | 0.78× | 2.06× | ||
| Q3 24 | 3.24× | 3.06× | ||
| Q2 24 | 0.53× | 2.04× |
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% |
STAG
Segment breakdown not available.
