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Side-by-side financial comparison of BLACKLINE, INC. (BL) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $183.2M, roughly 1.1× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -3.1%, a 5.7% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -6.7%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
BL vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $207.0M |
| Net Profit | $4.9M | $-6.4M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 2.2% |
| Net Margin | 2.7% | -3.1% |
| Revenue YoY | 8.1% | -6.7% |
| Net Profit YoY | -91.3% | -531.8% |
| EPS (diluted) | $0.07 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $178.3M | $180.2M | ||
| Q2 25 | $172.0M | $207.4M | ||
| Q1 25 | $166.9M | $211.1M | ||
| Q4 24 | $169.5M | $221.9M | ||
| Q3 24 | $165.9M | $194.0M | ||
| Q2 24 | $160.5M | $172.5M | ||
| Q1 24 | $157.5M | $85.0M |
| Q4 25 | $4.9M | $-6.4M | ||
| Q3 25 | $5.3M | $-76.7M | ||
| Q2 25 | $8.3M | $-10.1M | ||
| Q1 25 | $6.1M | $975.0K | ||
| Q4 24 | $56.4M | $1.5M | ||
| Q3 24 | $17.2M | $-9.3M | ||
| Q2 24 | $76.7M | $-7.3M | ||
| Q1 24 | $10.8M | $-2.1M |
| 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 24 | 75.2% | — |
| Q4 25 | 3.7% | 2.2% | ||
| Q3 25 | 4.3% | -4.4% | ||
| Q2 25 | 4.4% | 0.3% | ||
| Q1 25 | 2.1% | 5.1% | ||
| Q4 24 | 3.7% | 5.5% | ||
| Q3 24 | 5.0% | -1.9% | ||
| Q2 24 | 1.4% | 0.6% | ||
| Q1 24 | 1.1% | -0.7% |
| Q4 25 | 2.7% | -3.1% | ||
| Q3 25 | 3.0% | -42.6% | ||
| Q2 25 | 4.8% | -4.9% | ||
| Q1 25 | 3.6% | 0.5% | ||
| Q4 24 | 33.3% | 0.7% | ||
| Q3 24 | 10.4% | -4.8% | ||
| Q2 24 | 47.8% | -4.3% | ||
| Q1 24 | 6.9% | -2.4% |
| Q4 25 | $0.07 | $-0.50 | ||
| Q3 25 | $0.09 | $-2.75 | ||
| Q2 25 | $0.13 | $-0.59 | ||
| Q1 25 | $0.10 | $-0.21 | ||
| Q4 24 | $0.79 | $-0.18 | ||
| Q3 24 | $0.27 | $-0.53 | ||
| Q2 24 | $0.22 | $-0.38 | ||
| Q1 24 | $0.17 | $-0.07 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $332.3M | $-75.8M |
| Total Assets | $1.8B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $4.2M | ||
| Q3 25 | $419.9M | $5.5M | ||
| Q2 25 | $459.1M | $4.7M | ||
| Q1 25 | $479.5M | $21.4M | ||
| Q4 24 | $885.9M | $27.6M | ||
| Q3 24 | $725.3M | $28.2M | ||
| Q2 24 | $616.6M | $32.2M | ||
| Q1 24 | $331.4M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $332.3M | $-75.8M | ||
| Q3 25 | $328.3M | $-61.5M | ||
| Q2 25 | $414.0M | $23.0M | ||
| Q1 25 | $417.9M | $40.5M | ||
| Q4 24 | $446.7M | $45.9M | ||
| Q3 24 | $367.9M | $51.4M | ||
| Q2 24 | $325.8M | $68.1M | ||
| Q1 24 | $279.8M | $68.3M |
| Q4 25 | $1.8B | $884.2M | ||
| Q3 25 | $1.7B | $879.5M | ||
| Q2 25 | $1.8B | $935.7M | ||
| Q1 25 | $1.8B | $956.0M | ||
| Q4 24 | $1.8B | $960.1M | ||
| Q3 24 | $1.7B | $953.5M | ||
| Q2 24 | $1.9B | $945.9M | ||
| Q1 24 | $2.1B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $26.1M | $-329.0K |
| FCF MarginFCF / Revenue | 14.2% | -0.2% |
| Capex IntensityCapex / Revenue | 0.3% | 6.5% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $13.1M | ||
| Q3 25 | $63.8M | $5.9M | ||
| Q2 25 | $32.3M | $2.8M | ||
| Q1 25 | $46.7M | $8.5M | ||
| Q4 24 | $43.8M | $18.5M | ||
| Q3 24 | $55.9M | $19.1M | ||
| Q2 24 | $40.7M | $-3.8M | ||
| Q1 24 | $50.4M | $10.4M |
| Q4 25 | $26.1M | $-329.0K | ||
| Q3 25 | $63.3M | $-6.1M | ||
| Q2 25 | $31.4M | $-15.0M | ||
| Q1 25 | $40.8M | $-5.8M | ||
| Q4 24 | $43.0M | $733.0K | ||
| Q3 24 | $55.5M | $287.0K | ||
| Q2 24 | $40.0M | $-23.0M | ||
| Q1 24 | $50.1M | $-5.4M |
| Q4 25 | 14.2% | -0.2% | ||
| Q3 25 | 35.5% | -3.4% | ||
| Q2 25 | 18.2% | -7.2% | ||
| Q1 25 | 24.4% | -2.7% | ||
| Q4 24 | 25.4% | 0.3% | ||
| Q3 24 | 33.5% | 0.1% | ||
| Q2 24 | 24.9% | -13.3% | ||
| Q1 24 | 31.8% | -6.4% |
| Q4 25 | 0.3% | 6.5% | ||
| Q3 25 | 0.3% | 6.7% | ||
| Q2 25 | 0.6% | 8.6% | ||
| Q1 25 | 3.6% | 6.8% | ||
| Q4 24 | 0.4% | 8.0% | ||
| Q3 24 | 0.2% | 9.7% | ||
| Q2 24 | 0.4% | 11.1% | ||
| Q1 24 | 0.2% | 18.6% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | 8.76× | ||
| Q4 24 | 0.78× | 12.54× | ||
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
