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Side-by-side financial comparison of BLACKLINE, INC. (BL) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $183.2M, roughly 1.3× BLACKLINE, INC.). Tecnoglass Inc. runs the higher net margin — 10.6% vs 2.7%, a 8.0% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 2.4%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
BL vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $245.3M |
| Net Profit | $4.9M | $26.1M |
| Gross Margin | 75.2% | 40.0% |
| Operating Margin | 3.7% | 18.3% |
| Net Margin | 2.7% | 10.6% |
| Revenue YoY | 8.1% | 2.4% |
| Net Profit YoY | -91.3% | -44.5% |
| EPS (diluted) | $0.07 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $178.3M | $260.5M | ||
| Q2 25 | $172.0M | $255.5M | ||
| Q1 25 | $166.9M | $222.3M | ||
| Q4 24 | $169.5M | $239.6M | ||
| Q3 24 | $165.9M | $238.3M | ||
| Q2 24 | $160.5M | $219.7M | ||
| Q1 24 | $157.5M | $192.6M |
| Q4 25 | $4.9M | $26.1M | ||
| Q3 25 | $5.3M | $47.2M | ||
| Q2 25 | $8.3M | $44.1M | ||
| Q1 25 | $6.1M | $42.2M | ||
| Q4 24 | $56.4M | $47.0M | ||
| Q3 24 | $17.2M | $49.5M | ||
| Q2 24 | $76.7M | $35.0M | ||
| Q1 24 | $10.8M | $29.7M |
| Q4 25 | 75.2% | 40.0% | ||
| Q3 25 | 75.1% | 42.7% | ||
| Q2 25 | 75.2% | 44.7% | ||
| Q1 25 | 75.5% | 43.9% | ||
| Q4 24 | 75.6% | 44.5% | ||
| Q3 24 | 75.2% | 45.8% | ||
| Q2 24 | 74.9% | 40.8% | ||
| Q1 24 | 75.2% | 38.8% |
| Q4 25 | 3.7% | 18.3% | ||
| Q3 25 | 4.3% | 25.1% | ||
| Q2 25 | 4.4% | 24.0% | ||
| Q1 25 | 2.1% | 26.7% | ||
| Q4 24 | 3.7% | 28.0% | ||
| Q3 24 | 5.0% | 28.4% | ||
| Q2 24 | 1.4% | 23.3% | ||
| Q1 24 | 1.1% | 21.3% |
| Q4 25 | 2.7% | 10.6% | ||
| Q3 25 | 3.0% | 18.1% | ||
| Q2 25 | 4.8% | 17.3% | ||
| Q1 25 | 3.6% | 19.0% | ||
| Q4 24 | 33.3% | 19.6% | ||
| Q3 24 | 10.4% | 20.8% | ||
| Q2 24 | 47.8% | 15.9% | ||
| Q1 24 | 6.9% | 15.4% |
| Q4 25 | $0.07 | $0.57 | ||
| Q3 25 | $0.09 | $1.01 | ||
| Q2 25 | $0.13 | $0.94 | ||
| Q1 25 | $0.10 | $0.90 | ||
| Q4 24 | $0.79 | $1.00 | ||
| Q3 24 | $0.27 | $1.05 | ||
| Q2 24 | $0.22 | $0.75 | ||
| Q1 24 | $0.17 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | $332.3M | $713.1M |
| Total Assets | $1.8B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $104.1M | ||
| Q3 25 | $419.9M | $127.1M | ||
| Q2 25 | $459.1M | $140.9M | ||
| Q1 25 | $479.5M | $160.2M | ||
| Q4 24 | $885.9M | $137.5M | ||
| Q3 24 | $725.3M | $124.8M | ||
| Q2 24 | $616.6M | $129.5M | ||
| Q1 24 | $331.4M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $332.3M | $713.1M | ||
| Q3 25 | $328.3M | $764.0M | ||
| Q2 25 | $414.0M | $736.0M | ||
| Q1 25 | $417.9M | $685.1M | ||
| Q4 24 | $446.7M | $631.2M | ||
| Q3 24 | $367.9M | $613.3M | ||
| Q2 24 | $325.8M | $574.8M | ||
| Q1 24 | $279.8M | $573.6M |
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.7B | $996.3M | ||
| Q2 24 | $1.9B | $942.5M | ||
| Q1 24 | $2.1B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $26.1M | $11.4M |
| FCF MarginFCF / Revenue | 14.2% | 4.7% |
| Capex IntensityCapex / Revenue | 0.3% | 8.0% |
| Cash ConversionOCF / Net Profit | 5.46× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $31.0M | ||
| Q3 25 | $63.8M | $40.0M | ||
| Q2 25 | $32.3M | $17.9M | ||
| Q1 25 | $46.7M | $46.9M | ||
| Q4 24 | $43.8M | $61.1M | ||
| Q3 24 | $55.9M | $41.5M | ||
| Q2 24 | $40.7M | $34.5M | ||
| Q1 24 | $50.4M | $33.4M |
| Q4 25 | $26.1M | $11.4M | ||
| Q3 25 | $63.3M | $21.2M | ||
| Q2 25 | $31.4M | $-14.7M | ||
| Q1 25 | $40.8M | $16.5M | ||
| Q4 24 | $43.0M | $35.4M | ||
| Q3 24 | $55.5M | $17.8M | ||
| Q2 24 | $40.0M | $14.2M | ||
| Q1 24 | $50.1M | $23.6M |
| Q4 25 | 14.2% | 4.7% | ||
| Q3 25 | 35.5% | 8.2% | ||
| Q2 25 | 18.2% | -5.7% | ||
| Q1 25 | 24.4% | 7.4% | ||
| Q4 24 | 25.4% | 14.8% | ||
| Q3 24 | 33.5% | 7.5% | ||
| Q2 24 | 24.9% | 6.5% | ||
| Q1 24 | 31.8% | 12.2% |
| Q4 25 | 0.3% | 8.0% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 0.6% | 12.7% | ||
| Q1 25 | 3.6% | 13.7% | ||
| Q4 24 | 0.4% | 10.7% | ||
| Q3 24 | 0.2% | 9.9% | ||
| Q2 24 | 0.4% | 9.2% | ||
| Q1 24 | 0.2% | 5.1% |
| Q4 25 | 5.46× | 1.19× | ||
| Q3 25 | 12.07× | 0.85× | ||
| Q2 25 | 3.90× | 0.41× | ||
| Q1 25 | 7.72× | 1.11× | ||
| Q4 24 | 0.78× | 1.30× | ||
| Q3 24 | 3.24× | 0.84× | ||
| Q2 24 | 0.53× | 0.98× | ||
| Q1 24 | 4.66× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
