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Side-by-side financial comparison of BLACKLINE, INC. (BL) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $124.7M, roughly 1.5× SMITH & WESSON BRANDS, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs 1.5%, a 1.1% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -3.9%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $16.3M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -4.8%).
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 SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $124.7M |
| Net Profit | $4.9M | $1.9M |
| Gross Margin | 75.2% | 24.3% |
| Operating Margin | 3.7% | 3.3% |
| Net Margin | 2.7% | 1.5% |
| Revenue YoY | 8.1% | -3.9% |
| Net Profit YoY | -91.3% | -53.6% |
| EPS (diluted) | $0.07 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $178.3M | $85.1M | ||
| Q2 25 | $172.0M | $140.8M | ||
| Q1 25 | $166.9M | $115.9M | ||
| Q4 24 | $169.5M | $129.7M | ||
| Q3 24 | $165.9M | $88.3M | ||
| Q2 24 | $160.5M | $159.1M | ||
| Q1 24 | $157.5M | $137.5M |
| Q4 25 | $4.9M | $1.9M | ||
| Q3 25 | $5.3M | $-3.4M | ||
| Q2 25 | $8.3M | $8.6M | ||
| Q1 25 | $6.1M | $2.1M | ||
| Q4 24 | $56.4M | $4.5M | ||
| Q3 24 | $17.2M | $-1.9M | ||
| Q2 24 | $76.7M | $27.9M | ||
| Q1 24 | $10.8M | $7.9M |
| Q4 25 | 75.2% | 24.3% | ||
| Q3 25 | 75.1% | 25.9% | ||
| Q2 25 | 75.2% | 28.8% | ||
| Q1 25 | 75.5% | 24.1% | ||
| Q4 24 | 75.6% | 26.6% | ||
| Q3 24 | 75.2% | 27.4% | ||
| Q2 24 | 74.9% | 35.5% | ||
| Q1 24 | 75.2% | 28.7% |
| Q4 25 | 3.7% | 3.3% | ||
| Q3 25 | 4.3% | -3.5% | ||
| Q2 25 | 4.4% | 9.3% | ||
| Q1 25 | 2.1% | 4.1% | ||
| Q4 24 | 3.7% | 5.8% | ||
| Q3 24 | 5.0% | -1.7% | ||
| Q2 24 | 1.4% | 17.4% | ||
| Q1 24 | 1.1% | 8.2% |
| Q4 25 | 2.7% | 1.5% | ||
| Q3 25 | 3.0% | -4.0% | ||
| Q2 25 | 4.8% | 6.1% | ||
| Q1 25 | 3.6% | 1.8% | ||
| Q4 24 | 33.3% | 3.5% | ||
| Q3 24 | 10.4% | -2.1% | ||
| Q2 24 | 47.8% | 17.5% | ||
| Q1 24 | 6.9% | 5.7% |
| Q4 25 | $0.07 | $0.04 | ||
| Q3 25 | $0.09 | $-0.08 | ||
| Q2 25 | $0.13 | $0.19 | ||
| Q1 25 | $0.10 | $0.05 | ||
| Q4 24 | $0.79 | $0.10 | ||
| Q3 24 | $0.27 | $-0.04 | ||
| Q2 24 | $0.22 | $0.60 | ||
| Q1 24 | $0.17 | $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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $363.2M |
| Total Assets | $1.8B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $22.4M | ||
| Q3 25 | $419.9M | $18.0M | ||
| Q2 25 | $459.1M | $25.2M | ||
| Q1 25 | $479.5M | $26.7M | ||
| Q4 24 | $885.9M | $39.1M | ||
| Q3 24 | $725.3M | $35.5M | ||
| Q2 24 | $616.6M | $60.8M | ||
| Q1 24 | $331.4M | $47.4M |
| Q4 25 | $332.3M | $363.2M | ||
| Q3 25 | $328.3M | $364.4M | ||
| Q2 25 | $414.0M | $372.5M | ||
| Q1 25 | $417.9M | $366.9M | ||
| Q4 24 | $446.7M | $371.5M | ||
| Q3 24 | $367.9M | $380.0M | ||
| Q2 24 | $325.8M | $399.9M | ||
| Q1 24 | $279.8M | $376.4M |
| Q4 25 | $1.8B | $548.6M | ||
| Q3 25 | $1.7B | $554.6M | ||
| Q2 25 | $1.8B | $559.6M | ||
| Q1 25 | $1.8B | $578.9M | ||
| Q4 24 | $1.8B | $587.4M | ||
| Q3 24 | $1.7B | $571.3M | ||
| Q2 24 | $1.9B | $577.4M | ||
| Q1 24 | $2.1B | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $26.1M | $16.3M |
| FCF MarginFCF / Revenue | 14.2% | 13.1% |
| Capex IntensityCapex / Revenue | 0.3% | 8.8% |
| Cash ConversionOCF / Net Profit | 5.46× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $27.3M | ||
| Q3 25 | $63.8M | $-8.1M | ||
| Q2 25 | $32.3M | $40.8M | ||
| Q1 25 | $46.7M | $-9.8M | ||
| Q4 24 | $43.8M | $-7.4M | ||
| Q3 24 | $55.9M | $-30.8M | ||
| Q2 24 | $40.7M | $43.7M | ||
| Q1 24 | $50.4M | $25.2M |
| Q4 25 | $26.1M | $16.3M | ||
| Q3 25 | $63.3M | $-12.4M | ||
| Q2 25 | $31.4M | $33.5M | ||
| Q1 25 | $40.8M | $-16.1M | ||
| Q4 24 | $43.0M | $-10.7M | ||
| Q3 24 | $55.5M | $-35.5M | ||
| Q2 24 | $40.0M | $38.2M | ||
| Q1 24 | $50.1M | $7.0M |
| Q4 25 | 14.2% | 13.1% | ||
| Q3 25 | 35.5% | -14.6% | ||
| Q2 25 | 18.2% | 23.8% | ||
| Q1 25 | 24.4% | -13.9% | ||
| Q4 24 | 25.4% | -8.3% | ||
| Q3 24 | 33.5% | -40.2% | ||
| Q2 24 | 24.9% | 24.0% | ||
| Q1 24 | 31.8% | 5.1% |
| Q4 25 | 0.3% | 8.8% | ||
| Q3 25 | 0.3% | 5.0% | ||
| Q2 25 | 0.6% | 5.2% | ||
| Q1 25 | 3.6% | 5.4% | ||
| Q4 24 | 0.4% | 2.5% | ||
| Q3 24 | 0.2% | 5.3% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.2% | 13.2% |
| Q4 25 | 5.46× | 14.22× | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | 4.73× | ||
| Q1 25 | 7.72× | -4.68× | ||
| Q4 24 | 0.78× | -1.63× | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | 1.57× | ||
| Q1 24 | 4.66× | 3.20× |
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% |
SWBI
Segment breakdown not available.
