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Side-by-side financial comparison of BLACKLINE, INC. (BL) and ServiceTitan, Inc. (TTAN). Click either name above to swap in a different company.
ServiceTitan, Inc. is the larger business by last-quarter revenue ($249.2M vs $183.2M, roughly 1.4× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -15.9%, a 18.5% gap on every dollar of revenue. On growth, ServiceTitan, Inc. posted the faster year-over-year revenue change (25.0% vs 8.1%). ServiceTitan, Inc. produced more free cash flow last quarter ($42.2M vs $26.1M).
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.
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent holding company of Google and several former Google subsidiaries. Alphabet is listed on the large-cap section of the Nasdaq under the ticker symbols GOOGL and GOOG; both classes of stock are components of major stock market indices such as the S&P 500 and Nasdaq-100. Alphabet ha...
BL vs TTAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $249.2M |
| Net Profit | $4.9M | $-39.5M |
| Gross Margin | 75.2% | 70.8% |
| Operating Margin | 3.7% | -16.9% |
| Net Margin | 2.7% | -15.9% |
| Revenue YoY | 8.1% | 25.0% |
| Net Profit YoY | -91.3% | 14.9% |
| EPS (diluted) | $0.07 | $-0.42 |
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 | $249.2M | ||
| Q3 25 | $178.3M | $242.1M | ||
| Q2 25 | $172.0M | $215.7M | ||
| Q1 25 | $166.9M | $209.3M | ||
| Q4 24 | $169.5M | $199.3M | ||
| Q3 24 | $165.9M | — | ||
| Q2 24 | $160.5M | $170.3M | ||
| Q1 24 | $157.5M | — |
| Q4 25 | $4.9M | $-39.5M | ||
| Q3 25 | $5.3M | $-32.2M | ||
| Q2 25 | $8.3M | $-46.4M | ||
| Q1 25 | $6.1M | $-100.9M | ||
| Q4 24 | $56.4M | $-46.5M | ||
| Q3 24 | $17.2M | — | ||
| Q2 24 | $76.7M | $-56.0M | ||
| Q1 24 | $10.8M | — |
| Q4 25 | 75.2% | 70.8% | ||
| Q3 25 | 75.1% | 70.8% | ||
| Q2 25 | 75.2% | 68.8% | ||
| Q1 25 | 75.5% | 66.0% | ||
| Q4 24 | 75.6% | 65.2% | ||
| Q3 24 | 75.2% | — | ||
| Q2 24 | 74.9% | 62.2% | ||
| Q1 24 | 75.2% | — |
| Q4 25 | 3.7% | -16.9% | ||
| Q3 25 | 4.3% | -14.4% | ||
| Q2 25 | 4.4% | -23.0% | ||
| Q1 25 | 2.1% | -47.7% | ||
| Q4 24 | 3.7% | -22.1% | ||
| Q3 24 | 5.0% | — | ||
| Q2 24 | 1.4% | -31.4% | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 2.7% | -15.9% | ||
| Q3 25 | 3.0% | -13.3% | ||
| Q2 25 | 4.8% | -21.5% | ||
| Q1 25 | 3.6% | -48.2% | ||
| Q4 24 | 33.3% | -23.3% | ||
| Q3 24 | 10.4% | — | ||
| Q2 24 | 47.8% | -32.9% | ||
| Q1 24 | 6.9% | — |
| Q4 25 | $0.07 | $-0.42 | ||
| Q3 25 | $0.09 | $-0.35 | ||
| Q2 25 | $0.13 | $-0.51 | ||
| Q1 25 | $0.10 | $-3.34 | ||
| Q4 24 | $0.79 | $-1.74 | ||
| Q3 24 | $0.27 | — | ||
| Q2 24 | $0.22 | $-2.02 | ||
| Q1 24 | $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 | $493.2M |
| Total DebtLower is stronger | — | $103.6M |
| Stockholders' EquityBook value | $332.3M | $1.5B |
| Total Assets | $1.8B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $493.2M | ||
| Q3 25 | $419.9M | $471.5M | ||
| Q2 25 | $459.1M | $420.3M | ||
| Q1 25 | $479.5M | $441.8M | ||
| Q4 24 | $885.9M | $133.8M | ||
| Q3 24 | $725.3M | — | ||
| Q2 24 | $616.6M | $116.2M | ||
| Q1 24 | $331.4M | — |
| Q4 25 | — | $103.6M | ||
| Q3 25 | — | $103.7M | ||
| Q2 25 | — | $103.9M | ||
| Q1 25 | — | $104.0M | ||
| Q4 24 | — | $174.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $332.3M | $1.5B | ||
| Q3 25 | $328.3M | $1.5B | ||
| Q2 25 | $414.0M | $1.5B | ||
| Q1 25 | $417.9M | $1.5B | ||
| Q4 24 | $446.7M | $-576.8M | ||
| Q3 24 | $367.9M | — | ||
| Q2 24 | $325.8M | $-506.0M | ||
| Q1 24 | $279.8M | — |
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.8B | $1.8B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $43.8M |
| Free Cash FlowOCF − Capex | $26.1M | $42.2M |
| FCF MarginFCF / Revenue | 14.2% | 16.9% |
| Capex IntensityCapex / Revenue | 0.3% | 0.6% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $43.8M | ||
| Q3 25 | $63.8M | $40.3M | ||
| Q2 25 | $32.3M | $-14.6M | ||
| Q1 25 | $46.7M | — | ||
| Q4 24 | $43.8M | $15.5M | ||
| Q3 24 | $55.9M | — | ||
| Q2 24 | $40.7M | $-19.2M | ||
| Q1 24 | $50.4M | — |
| Q4 25 | $26.1M | $42.2M | ||
| Q3 25 | $63.3M | $39.2M | ||
| Q2 25 | $31.4M | $-15.9M | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $43.0M | $14.5M | ||
| Q3 24 | $55.5M | — | ||
| Q2 24 | $40.0M | $-19.9M | ||
| Q1 24 | $50.1M | — |
| Q4 25 | 14.2% | 16.9% | ||
| Q3 25 | 35.5% | 16.2% | ||
| Q2 25 | 18.2% | -7.4% | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 25.4% | 7.3% | ||
| Q3 24 | 33.5% | — | ||
| Q2 24 | 24.9% | -11.7% | ||
| Q1 24 | 31.8% | — |
| Q4 25 | 0.3% | 0.6% | ||
| Q3 25 | 0.3% | 0.5% | ||
| Q2 25 | 0.6% | 0.6% | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.4% | 0.4% | ||
| Q1 24 | 0.2% | — |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| 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% |
TTAN
| Subscription Revenue | $182.8M | 73% |
| Usage Revenue | $56.8M | 23% |
| Professional Services And Other Revenue | $9.6M | 4% |
