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Side-by-side financial comparison of BLACKLINE, INC. (BL) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $183.2M, roughly 1.1× BLACKLINE, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 2.7%, a 13.6% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -10.9%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-74.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -3.2%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
BL vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $208.0M |
| Net Profit | $4.9M | $33.9M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | 19.1% |
| Net Margin | 2.7% | 16.3% |
| Revenue YoY | 8.1% | -10.9% |
| Net Profit YoY | -91.3% | -14.2% |
| EPS (diluted) | $0.07 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $178.3M | $216.4M | ||
| Q2 25 | $172.0M | $210.5M | ||
| Q1 25 | $166.9M | $217.9M | ||
| Q4 24 | $169.5M | $233.5M | ||
| Q3 24 | $165.9M | $227.0M | ||
| Q2 24 | $160.5M | $224.4M | ||
| Q1 24 | $157.5M | $222.0M |
| Q4 25 | $4.9M | $33.9M | ||
| Q3 25 | $5.3M | $31.3M | ||
| Q2 25 | $8.3M | $42.7M | ||
| Q1 25 | $6.1M | $28.1M | ||
| Q4 24 | $56.4M | $39.5M | ||
| Q3 24 | $17.2M | $49.1M | ||
| Q2 24 | $76.7M | $26.0M | ||
| Q1 24 | $10.8M | $37.9M |
| 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 24 | 75.2% | — |
| Q4 25 | 3.7% | 19.1% | ||
| Q3 25 | 4.3% | 21.7% | ||
| Q2 25 | 4.4% | 21.5% | ||
| Q1 25 | 2.1% | 16.8% | ||
| Q4 24 | 3.7% | 21.7% | ||
| Q3 24 | 5.0% | 24.3% | ||
| Q2 24 | 1.4% | 19.7% | ||
| Q1 24 | 1.1% | 14.5% |
| Q4 25 | 2.7% | 16.3% | ||
| Q3 25 | 3.0% | 14.5% | ||
| Q2 25 | 4.8% | 20.3% | ||
| Q1 25 | 3.6% | 12.9% | ||
| Q4 24 | 33.3% | 16.9% | ||
| Q3 24 | 10.4% | 21.6% | ||
| Q2 24 | 47.8% | 11.6% | ||
| Q1 24 | 6.9% | 17.1% |
| Q4 25 | $0.07 | $5.15 | ||
| Q3 25 | $0.09 | $4.65 | ||
| Q2 25 | $0.13 | $6.12 | ||
| Q1 25 | $0.10 | $4.05 | ||
| Q4 24 | $0.79 | $4.65 | ||
| Q3 24 | $0.27 | $5.71 | ||
| Q2 24 | $0.22 | $2.43 | ||
| Q1 24 | $0.17 | $4.10 |
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 | — |
| Total DebtLower is stronger | — | $390.0M |
| Stockholders' EquityBook value | $332.3M | $934.0M |
| Total Assets | $1.8B | $4.3B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | — | ||
| Q3 25 | $419.9M | — | ||
| Q2 25 | $459.1M | — | ||
| Q1 25 | $479.5M | — | ||
| Q4 24 | $885.9M | — | ||
| Q3 24 | $725.3M | — | ||
| Q2 24 | $616.6M | — | ||
| Q1 24 | $331.4M | — |
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $332.3M | $934.0M | ||
| Q3 25 | $328.3M | $918.7M | ||
| Q2 25 | $414.0M | $896.4M | ||
| Q1 25 | $417.9M | $893.7M | ||
| Q4 24 | $446.7M | $897.5M | ||
| Q3 24 | $367.9M | $889.0M | ||
| Q2 24 | $325.8M | $868.7M | ||
| Q1 24 | $279.8M | $871.7M |
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.7B | $3.9B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.8B | $3.7B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.7B | $3.6B | ||
| Q2 24 | $1.9B | $3.6B | ||
| Q1 24 | $2.1B | $3.5B |
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $26.1M | $-74.1M |
| FCF MarginFCF / Revenue | 14.2% | -35.6% |
| Capex IntensityCapex / Revenue | 0.3% | 3.3% |
| Cash ConversionOCF / Net Profit | 5.46× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-67.2M | ||
| Q3 25 | $63.8M | $108.3M | ||
| Q2 25 | $32.3M | $75.8M | ||
| Q1 25 | $46.7M | $-3.8M | ||
| Q4 24 | $43.8M | $1.8M | ||
| Q3 24 | $55.9M | $69.1M | ||
| Q2 24 | $40.7M | $70.0M | ||
| Q1 24 | $50.4M | $-34.5M |
| Q4 25 | $26.1M | $-74.1M | ||
| Q3 25 | $63.3M | $106.9M | ||
| Q2 25 | $31.4M | $74.2M | ||
| Q1 25 | $40.8M | $-6.8M | ||
| Q4 24 | $43.0M | $-3.8M | ||
| Q3 24 | $55.5M | $68.7M | ||
| Q2 24 | $40.0M | $68.6M | ||
| Q1 24 | $50.1M | $-36.5M |
| Q4 25 | 14.2% | -35.6% | ||
| Q3 25 | 35.5% | 49.4% | ||
| Q2 25 | 18.2% | 35.2% | ||
| Q1 25 | 24.4% | -3.1% | ||
| Q4 24 | 25.4% | -1.6% | ||
| Q3 24 | 33.5% | 30.3% | ||
| Q2 24 | 24.9% | 30.6% | ||
| Q1 24 | 31.8% | -16.4% |
| Q4 25 | 0.3% | 3.3% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.6% | 0.7% | ||
| Q1 25 | 3.6% | 1.4% | ||
| Q4 24 | 0.4% | 2.4% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.4% | 0.6% | ||
| Q1 24 | 0.2% | 0.9% |
| Q4 25 | 5.46× | -1.99× | ||
| Q3 25 | 12.07× | 3.45× | ||
| Q2 25 | 3.90× | 1.77× | ||
| Q1 25 | 7.72× | -0.13× | ||
| Q4 24 | 0.78× | 0.04× | ||
| Q3 24 | 3.24× | 1.41× | ||
| Q2 24 | 0.53× | 2.69× | ||
| Q1 24 | 4.66× | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
