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Side-by-side financial comparison of BLACKLINE, INC. (BL) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
BLACKLINE, INC. is the larger business by last-quarter revenue ($183.2M vs $103.6M, roughly 1.8× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 2.7%, a 7.6% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
BL vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $103.6M |
| Net Profit | $4.9M | $10.6M |
| Gross Margin | 75.2% | 78.2% |
| Operating Margin | 3.7% | 18.1% |
| Net Margin | 2.7% | 10.3% |
| Revenue YoY | 8.1% | 21.0% |
| Net Profit YoY | -91.3% | 9.4% |
| EPS (diluted) | $0.07 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $178.3M | $85.8M | ||
| Q2 25 | $172.0M | $78.9M | ||
| Q1 25 | $166.9M | $61.3M | ||
| Q4 24 | $169.5M | $85.6M | ||
| Q3 24 | $165.9M | $73.1M | ||
| Q2 24 | $160.5M | $73.2M | ||
| Q1 24 | $157.5M | $61.1M |
| Q4 25 | $4.9M | $10.6M | ||
| Q3 25 | $5.3M | $8.2M | ||
| Q2 25 | $8.3M | $3.2M | ||
| Q1 25 | $6.1M | $-3.0M | ||
| Q4 24 | $56.4M | $9.7M | ||
| Q3 24 | $17.2M | $5.2M | ||
| Q2 24 | $76.7M | $4.3M | ||
| Q1 24 | $10.8M | $-2.2M |
| Q4 25 | 75.2% | 78.2% | ||
| Q3 25 | 75.1% | 75.8% | ||
| Q2 25 | 75.2% | 74.5% | ||
| Q1 25 | 75.5% | 74.0% | ||
| Q4 24 | 75.6% | 75.2% | ||
| Q3 24 | 75.2% | 75.0% | ||
| Q2 24 | 74.9% | 73.9% | ||
| Q1 24 | 75.2% | 71.1% |
| Q4 25 | 3.7% | 18.1% | ||
| Q3 25 | 4.3% | 12.8% | ||
| Q2 25 | 4.4% | 5.2% | ||
| Q1 25 | 2.1% | -7.4% | ||
| Q4 24 | 3.7% | 14.6% | ||
| Q3 24 | 5.0% | 9.3% | ||
| Q2 24 | 1.4% | 8.0% | ||
| Q1 24 | 1.1% | -4.9% |
| Q4 25 | 2.7% | 10.3% | ||
| Q3 25 | 3.0% | 9.6% | ||
| Q2 25 | 4.8% | 4.1% | ||
| Q1 25 | 3.6% | -4.9% | ||
| Q4 24 | 33.3% | 11.4% | ||
| Q3 24 | 10.4% | 7.1% | ||
| Q2 24 | 47.8% | 5.9% | ||
| Q1 24 | 6.9% | -3.6% |
| Q4 25 | $0.07 | $0.45 | ||
| Q3 25 | $0.09 | $0.36 | ||
| Q2 25 | $0.13 | $0.14 | ||
| Q1 25 | $0.10 | $-0.13 | ||
| Q4 24 | $0.79 | $0.40 | ||
| Q3 24 | $0.27 | $0.21 | ||
| Q2 24 | $0.22 | $0.18 | ||
| Q1 24 | $0.17 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $332.3M | $218.9M |
| Total Assets | $1.8B | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $83.4M | ||
| Q3 25 | $419.9M | $66.0M | ||
| Q2 25 | $459.1M | $81.5M | ||
| Q1 25 | $479.5M | $83.6M | ||
| Q4 24 | $885.9M | $94.4M | ||
| Q3 24 | $725.3M | $82.1M | ||
| Q2 24 | $616.6M | $73.6M | ||
| Q1 24 | $331.4M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $332.3M | $218.9M | ||
| Q3 25 | $328.3M | $204.9M | ||
| Q2 25 | $414.0M | $194.9M | ||
| Q1 25 | $417.9M | $205.6M | ||
| Q4 24 | $446.7M | $216.6M | ||
| Q3 24 | $367.9M | $207.9M | ||
| Q2 24 | $325.8M | $200.7M | ||
| Q1 24 | $279.8M | $193.5M |
| Q4 25 | $1.8B | $273.9M | ||
| Q3 25 | $1.7B | $259.2M | ||
| Q2 25 | $1.8B | $273.0M | ||
| Q1 25 | $1.8B | $280.2M | ||
| Q4 24 | $1.8B | $297.9M | ||
| Q3 24 | $1.7B | $287.7M | ||
| Q2 24 | $1.9B | $278.8M | ||
| Q1 24 | $2.1B | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $26.1M | $16.8M |
| FCF MarginFCF / Revenue | 14.2% | 16.2% |
| Capex IntensityCapex / Revenue | 0.3% | 0.5% |
| Cash ConversionOCF / Net Profit | 5.46× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $17.3M | ||
| Q3 25 | $63.8M | $10.3M | ||
| Q2 25 | $32.3M | $14.8M | ||
| Q1 25 | $46.7M | $417.0K | ||
| Q4 24 | $43.8M | $16.3M | ||
| Q3 24 | $55.9M | $10.3M | ||
| Q2 24 | $40.7M | $13.1M | ||
| Q1 24 | $50.4M | $924.0K |
| Q4 25 | $26.1M | $16.8M | ||
| Q3 25 | $63.3M | $9.2M | ||
| Q2 25 | $31.4M | $14.4M | ||
| Q1 25 | $40.8M | $38.0K | ||
| Q4 24 | $43.0M | $15.9M | ||
| Q3 24 | $55.5M | $9.3M | ||
| Q2 24 | $40.0M | $12.6M | ||
| Q1 24 | $50.1M | $442.0K |
| Q4 25 | 14.2% | 16.2% | ||
| Q3 25 | 35.5% | 10.8% | ||
| Q2 25 | 18.2% | 18.2% | ||
| Q1 25 | 24.4% | 0.1% | ||
| Q4 24 | 25.4% | 18.5% | ||
| Q3 24 | 33.5% | 12.7% | ||
| Q2 24 | 24.9% | 17.3% | ||
| Q1 24 | 31.8% | 0.7% |
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 0.6% | 0.5% | ||
| Q1 25 | 3.6% | 0.6% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.4% | 0.7% | ||
| Q1 24 | 0.2% | 0.8% |
| Q4 25 | 5.46× | 1.63× | ||
| Q3 25 | 12.07× | 1.26× | ||
| Q2 25 | 3.90× | 4.59× | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | 1.68× | ||
| Q3 24 | 3.24× | 1.99× | ||
| Q2 24 | 0.53× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
