vs
Side-by-side financial comparison of BLACKLINE, INC. (BL) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $183.2M, roughly 1.2× BLACKLINE, INC.). Vital Farms, Inc. runs the higher net margin — 7.6% vs 2.7%, a 5.0% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 8.1%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
BL vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $213.6M |
| Net Profit | $4.9M | $16.3M |
| Gross Margin | 75.2% | 35.8% |
| Operating Margin | 3.7% | 10.0% |
| Net Margin | 2.7% | 7.6% |
| Revenue YoY | 8.1% | 28.7% |
| Net Profit YoY | -91.3% | 54.3% |
| EPS (diluted) | $0.07 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $178.3M | $198.9M | ||
| Q2 25 | $172.0M | $184.8M | ||
| Q1 25 | $166.9M | $162.2M | ||
| Q4 24 | $169.5M | $166.0M | ||
| Q3 24 | $165.9M | $145.0M | ||
| Q2 24 | $160.5M | $147.4M | ||
| Q1 24 | $157.5M | $147.9M |
| Q4 25 | $4.9M | $16.3M | ||
| Q3 25 | $5.3M | $16.4M | ||
| Q2 25 | $8.3M | $16.6M | ||
| Q1 25 | $6.1M | $16.9M | ||
| Q4 24 | $56.4M | $10.6M | ||
| Q3 24 | $17.2M | $7.4M | ||
| Q2 24 | $76.7M | $16.3M | ||
| Q1 24 | $10.8M | $19.0M |
| Q4 25 | 75.2% | 35.8% | ||
| Q3 25 | 75.1% | 37.7% | ||
| Q2 25 | 75.2% | 38.9% | ||
| Q1 25 | 75.5% | 38.5% | ||
| Q4 24 | 75.6% | 36.1% | ||
| Q3 24 | 75.2% | 36.9% | ||
| Q2 24 | 74.9% | 39.1% | ||
| Q1 24 | 75.2% | 39.8% |
| Q4 25 | 3.7% | 10.0% | ||
| Q3 25 | 4.3% | 10.8% | ||
| Q2 25 | 4.4% | 12.9% | ||
| Q1 25 | 2.1% | 13.4% | ||
| Q4 24 | 3.7% | 7.8% | ||
| Q3 24 | 5.0% | 6.4% | ||
| Q2 24 | 1.4% | 11.6% | ||
| Q1 24 | 1.1% | 16.3% |
| Q4 25 | 2.7% | 7.6% | ||
| Q3 25 | 3.0% | 8.3% | ||
| Q2 25 | 4.8% | 9.0% | ||
| Q1 25 | 3.6% | 10.4% | ||
| Q4 24 | 33.3% | 6.4% | ||
| Q3 24 | 10.4% | 5.1% | ||
| Q2 24 | 47.8% | 11.1% | ||
| Q1 24 | 6.9% | 12.9% |
| Q4 25 | $0.07 | $0.35 | ||
| Q3 25 | $0.09 | $0.36 | ||
| Q2 25 | $0.13 | $0.36 | ||
| Q1 25 | $0.10 | $0.37 | ||
| Q4 24 | $0.79 | $0.23 | ||
| Q3 24 | $0.27 | $0.16 | ||
| Q2 24 | $0.22 | $0.36 | ||
| Q1 24 | $0.17 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $351.3M |
| Total Assets | $1.8B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $48.8M | ||
| Q3 25 | $419.9M | $93.8M | ||
| Q2 25 | $459.1M | $108.2M | ||
| Q1 25 | $479.5M | $156.3M | ||
| Q4 24 | $885.9M | $150.6M | ||
| Q3 24 | $725.3M | $149.5M | ||
| Q2 24 | $616.6M | $133.2M | ||
| Q1 24 | $331.4M | $113.8M |
| Q4 25 | $332.3M | $351.3M | ||
| Q3 25 | $328.3M | $331.2M | ||
| Q2 25 | $414.0M | $309.8M | ||
| Q1 25 | $417.9M | $288.9M | ||
| Q4 24 | $446.7M | $269.3M | ||
| Q3 24 | $367.9M | $253.4M | ||
| Q2 24 | $325.8M | $238.4M | ||
| Q1 24 | $279.8M | $213.3M |
| Q4 25 | $1.8B | $518.7M | ||
| Q3 25 | $1.7B | $481.5M | ||
| Q2 25 | $1.8B | $430.8M | ||
| Q1 25 | $1.8B | $376.9M | ||
| Q4 24 | $1.8B | $359.3M | ||
| Q3 24 | $1.7B | $344.7M | ||
| Q2 24 | $1.9B | $320.5M | ||
| Q1 24 | $2.1B | $300.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $26.1M | $-32.1M |
| FCF MarginFCF / Revenue | 14.2% | -15.1% |
| Capex IntensityCapex / Revenue | 0.3% | 17.8% |
| Cash ConversionOCF / Net Profit | 5.46× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $5.8M | ||
| Q3 25 | $63.8M | $23.4M | ||
| Q2 25 | $32.3M | $-761.0K | ||
| Q1 25 | $46.7M | $5.3M | ||
| Q4 24 | $43.8M | $14.8M | ||
| Q3 24 | $55.9M | $10.0M | ||
| Q2 24 | $40.7M | $16.1M | ||
| Q1 24 | $50.4M | $23.9M |
| Q4 25 | $26.1M | $-32.1M | ||
| Q3 25 | $63.3M | $-10.6M | ||
| Q2 25 | $31.4M | $-7.6M | ||
| Q1 25 | $40.8M | $2.1M | ||
| Q4 24 | $43.0M | $-3.4M | ||
| Q3 24 | $55.5M | $6.4M | ||
| Q2 24 | $40.0M | $10.5M | ||
| Q1 24 | $50.1M | $22.6M |
| Q4 25 | 14.2% | -15.1% | ||
| Q3 25 | 35.5% | -5.3% | ||
| Q2 25 | 18.2% | -4.1% | ||
| Q1 25 | 24.4% | 1.3% | ||
| Q4 24 | 25.4% | -2.0% | ||
| Q3 24 | 33.5% | 4.4% | ||
| Q2 24 | 24.9% | 7.2% | ||
| Q1 24 | 31.8% | 15.3% |
| Q4 25 | 0.3% | 17.8% | ||
| Q3 25 | 0.3% | 17.1% | ||
| Q2 25 | 0.6% | 3.7% | ||
| Q1 25 | 3.6% | 1.9% | ||
| Q4 24 | 0.4% | 10.9% | ||
| Q3 24 | 0.2% | 2.5% | ||
| Q2 24 | 0.4% | 3.8% | ||
| Q1 24 | 0.2% | 0.9% |
| Q4 25 | 5.46× | 0.35× | ||
| Q3 25 | 12.07× | 1.43× | ||
| Q2 25 | 3.90× | -0.05× | ||
| Q1 25 | 7.72× | 0.31× | ||
| Q4 24 | 0.78× | 1.40× | ||
| Q3 24 | 3.24× | 1.34× | ||
| Q2 24 | 0.53× | 0.99× | ||
| Q1 24 | 4.66× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
