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Side-by-side financial comparison of BLACKLINE, INC. (BL) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($221.4M vs $183.2M, roughly 1.2× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs 0.2%, a 2.5% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs 6.7%). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (11.7% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
BL vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $221.4M |
| Net Profit | $4.9M | $433.0K |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 0.2% |
| Net Margin | 2.7% | 0.2% |
| Revenue YoY | 8.1% | 6.7% |
| Net Profit YoY | -91.3% | -60.5% |
| EPS (diluted) | $0.07 | $0.01 |
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.
| Q1 26 | — | $221.4M | ||
| Q4 25 | $183.2M | $220.8M | ||
| Q3 25 | $178.3M | $222.4M | ||
| Q2 25 | $172.0M | $204.3M | ||
| Q1 25 | $166.9M | $207.4M | ||
| Q4 24 | $169.5M | $201.4M | ||
| Q3 24 | $165.9M | $196.4M | ||
| Q2 24 | $160.5M | $177.5M |
| Q1 26 | — | $433.0K | ||
| Q4 25 | $4.9M | $12.8M | ||
| Q3 25 | $5.3M | $18.8M | ||
| Q2 25 | $8.3M | $10.7M | ||
| Q1 25 | $6.1M | $11.4M | ||
| Q4 24 | $56.4M | $22.2M | ||
| Q3 24 | $17.2M | $18.8M | ||
| Q2 24 | $76.7M | $5.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 0.2% | ||
| Q4 25 | 3.7% | 7.1% | ||
| Q3 25 | 4.3% | 11.2% | ||
| Q2 25 | 4.4% | 6.9% | ||
| Q1 25 | 2.1% | 8.1% | ||
| Q4 24 | 3.7% | 13.6% | ||
| Q3 24 | 5.0% | 13.3% | ||
| Q2 24 | 1.4% | 4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | 2.7% | 5.8% | ||
| Q3 25 | 3.0% | 8.4% | ||
| Q2 25 | 4.8% | 5.2% | ||
| Q1 25 | 3.6% | 5.5% | ||
| Q4 24 | 33.3% | 11.0% | ||
| Q3 24 | 10.4% | 9.6% | ||
| Q2 24 | 47.8% | 2.8% |
| Q1 26 | — | $0.01 | ||
| Q4 25 | $0.07 | $0.23 | ||
| Q3 25 | $0.09 | $0.33 | ||
| Q2 25 | $0.13 | $0.19 | ||
| Q1 25 | $0.10 | $0.21 | ||
| Q4 24 | $0.79 | $0.40 | ||
| Q3 24 | $0.27 | $0.35 | ||
| Q2 24 | $0.22 | $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 | $162.0M |
| Total DebtLower is stronger | — | $127.8M |
| Stockholders' EquityBook value | $332.3M | $339.9M |
| Total Assets | $1.8B | $852.2M |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $162.0M | ||
| Q4 25 | $390.0M | $162.8M | ||
| Q3 25 | $419.9M | $169.1M | ||
| Q2 25 | $459.1M | $70.7M | ||
| Q1 25 | $479.5M | $96.0M | ||
| Q4 24 | $885.9M | $172.0M | ||
| Q3 24 | $725.3M | $161.9M | ||
| Q2 24 | $616.6M | $115.5M |
| Q1 26 | — | $127.8M | ||
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M |
| Q1 26 | — | $339.9M | ||
| Q4 25 | $332.3M | $335.9M | ||
| Q3 25 | $328.3M | $328.1M | ||
| Q2 25 | $414.0M | $306.8M | ||
| Q1 25 | $417.9M | $293.9M | ||
| Q4 24 | $446.7M | $280.0M | ||
| Q3 24 | $367.9M | $260.2M | ||
| Q2 24 | $325.8M | $239.4M |
| Q1 26 | — | $852.2M | ||
| Q4 25 | $1.8B | $834.0M | ||
| Q3 25 | $1.7B | $826.1M | ||
| Q2 25 | $1.8B | $740.8M | ||
| Q1 25 | $1.8B | $720.4M | ||
| Q4 24 | $1.8B | $753.8M | ||
| Q3 24 | $1.7B | $744.6M | ||
| Q2 24 | $1.9B | $706.0M |
| Q1 26 | — | 0.38× | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× |
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 | $7.1M |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | 16.33× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.1M | ||
| Q4 25 | $26.7M | $3.1M | ||
| Q3 25 | $63.8M | $57.1M | ||
| Q2 25 | $32.3M | $18.1M | ||
| Q1 25 | $46.7M | $-789.0K | ||
| Q4 24 | $43.8M | $23.0M | ||
| Q3 24 | $55.9M | $67.5M | ||
| Q2 24 | $40.7M | $10.0M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $-19.2M | ||
| Q3 25 | $63.3M | $40.6M | ||
| Q2 25 | $31.4M | $6.8M | ||
| Q1 25 | $40.8M | $-11.7M | ||
| Q4 24 | $43.0M | $19.6M | ||
| Q3 24 | $55.5M | $60.0M | ||
| Q2 24 | $40.0M | $3.0M |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | -8.7% | ||
| Q3 25 | 35.5% | 18.3% | ||
| Q2 25 | 18.2% | 3.4% | ||
| Q1 25 | 24.4% | -5.7% | ||
| Q4 24 | 25.4% | 9.7% | ||
| Q3 24 | 33.5% | 30.6% | ||
| Q2 24 | 24.9% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 10.1% | ||
| Q3 25 | 0.3% | 7.4% | ||
| Q2 25 | 0.6% | 5.5% | ||
| Q1 25 | 3.6% | 5.3% | ||
| Q4 24 | 0.4% | 1.7% | ||
| Q3 24 | 0.2% | 3.8% | ||
| Q2 24 | 0.4% | 4.0% |
| Q1 26 | — | 16.33× | ||
| Q4 25 | 5.46× | 0.24× | ||
| Q3 25 | 12.07× | 3.04× | ||
| Q2 25 | 3.90× | 1.69× | ||
| Q1 25 | 7.72× | -0.07× | ||
| Q4 24 | 0.78× | 1.04× | ||
| Q3 24 | 3.24× | 3.58× | ||
| Q2 24 | 0.53× | 2.01× |
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% |
UTI
Segment breakdown not available.
