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Side-by-side financial comparison of BLACKLINE, INC. (BL) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $183.2M, roughly 1.1× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs 0.4%, a 2.3% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $12.1M). 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
BL vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $205.4M |
| Net Profit | $4.9M | $816.0K |
| Gross Margin | 75.2% | 12.4% |
| Operating Margin | 3.7% | 3.3% |
| Net Margin | 2.7% | 0.4% |
| Revenue YoY | 8.1% | 16.6% |
| Net Profit YoY | -91.3% | 113.1% |
| EPS (diluted) | $0.07 | $0.01 |
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 | $205.4M | ||
| Q2 25 | $172.0M | $191.5M | ||
| Q1 25 | $166.9M | $201.6M | ||
| Q4 24 | $169.5M | $193.9M | ||
| Q3 24 | $165.9M | $175.9M | ||
| Q2 24 | $160.5M | $169.5M | ||
| Q1 24 | $157.5M | $184.4M |
| Q4 25 | $4.9M | — | ||
| Q3 25 | $5.3M | $816.0K | ||
| Q2 25 | $8.3M | $4.4M | ||
| Q1 25 | $6.1M | $4.8M | ||
| Q4 24 | $56.4M | $-8.7M | ||
| Q3 24 | $17.2M | $-6.2M | ||
| Q2 24 | $76.7M | $-5.3M | ||
| Q1 24 | $10.8M | $2.9M |
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | 12.4% | ||
| Q2 25 | 75.2% | 14.8% | ||
| Q1 25 | 75.5% | 15.0% | ||
| Q4 24 | 75.6% | 10.9% | ||
| Q3 24 | 75.2% | 13.0% | ||
| Q2 24 | 74.9% | 12.5% | ||
| Q1 24 | 75.2% | 16.8% |
| Q4 25 | 3.7% | — | ||
| Q3 25 | 4.3% | 3.3% | ||
| Q2 25 | 4.4% | 5.5% | ||
| Q1 25 | 2.1% | 5.2% | ||
| Q4 24 | 3.7% | 1.4% | ||
| Q3 24 | 5.0% | 0.5% | ||
| Q2 24 | 1.4% | 1.2% | ||
| Q1 24 | 1.1% | 5.5% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.0% | 0.4% | ||
| Q2 25 | 4.8% | 2.3% | ||
| Q1 25 | 3.6% | 2.4% | ||
| Q4 24 | 33.3% | -4.5% | ||
| Q3 24 | 10.4% | -3.5% | ||
| Q2 24 | 47.8% | -3.1% | ||
| Q1 24 | 6.9% | 1.6% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.09 | $0.01 | ||
| Q2 25 | $0.13 | $0.03 | ||
| Q1 25 | $0.10 | $0.04 | ||
| Q4 24 | $0.79 | $-0.08 | ||
| Q3 24 | $0.27 | $-0.05 | ||
| Q2 24 | $0.22 | $-0.04 | ||
| Q1 24 | $0.17 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $332.3M | $162.8M |
| Total Assets | $1.8B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | $2.2M | ||
| Q2 25 | $459.1M | $2.2M | ||
| Q1 25 | $479.5M | $2.3M | ||
| Q4 24 | $885.9M | $1.6M | ||
| Q3 24 | $725.3M | $2.9M | ||
| Q2 24 | $616.6M | $3.2M | ||
| Q1 24 | $331.4M | $1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M | ||
| Q1 24 | — | $258.8M |
| Q4 25 | $332.3M | — | ||
| Q3 25 | $328.3M | $162.8M | ||
| Q2 25 | $414.0M | $159.8M | ||
| Q1 25 | $417.9M | $154.8M | ||
| Q4 24 | $446.7M | $148.6M | ||
| Q3 24 | $367.9M | $155.0M | ||
| Q2 24 | $325.8M | $158.8M | ||
| Q1 24 | $279.8M | $163.6M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $694.1M | ||
| Q2 25 | $1.8B | $704.9M | ||
| Q1 25 | $1.8B | $690.7M | ||
| Q4 24 | $1.8B | $668.5M | ||
| Q3 24 | $1.7B | $699.3M | ||
| Q2 24 | $1.9B | $704.7M | ||
| Q1 24 | $2.1B | $671.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× | ||
| Q1 24 | — | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $26.1M | $12.1M |
| FCF MarginFCF / Revenue | 14.2% | 5.9% |
| Capex IntensityCapex / Revenue | 0.3% | 2.1% |
| Cash ConversionOCF / Net Profit | 5.46× | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | — | ||
| Q3 25 | $63.8M | $16.3M | ||
| Q2 25 | $32.3M | $-4.5M | ||
| Q1 25 | $46.7M | $22.3M | ||
| Q4 24 | $43.8M | $33.1M | ||
| Q3 24 | $55.9M | $17.2M | ||
| Q2 24 | $40.7M | $-5.6M | ||
| Q1 24 | $50.4M | $5.3M |
| Q4 25 | $26.1M | — | ||
| Q3 25 | $63.3M | $12.1M | ||
| Q2 25 | $31.4M | $-9.2M | ||
| Q1 25 | $40.8M | $9.5M | ||
| Q4 24 | $43.0M | $24.0M | ||
| Q3 24 | $55.5M | $11.7M | ||
| Q2 24 | $40.0M | $-15.3M | ||
| Q1 24 | $50.1M | $-2.3M |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 35.5% | 5.9% | ||
| Q2 25 | 18.2% | -4.8% | ||
| Q1 25 | 24.4% | 4.7% | ||
| Q4 24 | 25.4% | 12.4% | ||
| Q3 24 | 33.5% | 6.6% | ||
| Q2 24 | 24.9% | -9.0% | ||
| Q1 24 | 31.8% | -1.2% |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | 2.1% | ||
| Q2 25 | 0.6% | 2.5% | ||
| Q1 25 | 3.6% | 6.3% | ||
| Q4 24 | 0.4% | 4.7% | ||
| Q3 24 | 0.2% | 3.2% | ||
| Q2 24 | 0.4% | 5.7% | ||
| Q1 24 | 0.2% | 4.1% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | 20.03× | ||
| Q2 25 | 3.90× | -1.03× | ||
| Q1 25 | 7.72× | 4.63× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — | ||
| Q1 24 | 4.66× | 1.83× |
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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
