vs
Side-by-side financial comparison of BLACKLINE, INC. (BL) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $183.2M, roughly 1.9× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -12.9%, a 15.6% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -0.4%). BLACKLINE, INC. produced more free cash flow last quarter ($26.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
BL vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $340.0M |
| Net Profit | $4.9M | $-13.9M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | -17.2% |
| Net Margin | 2.7% | -12.9% |
| Revenue YoY | 8.1% | -0.4% |
| Net Profit YoY | -91.3% | -131.0% |
| EPS (diluted) | $0.07 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $178.3M | $337.7M | ||
| Q2 25 | $172.0M | $319.2M | ||
| Q1 25 | $166.9M | $237.4M | ||
| Q4 24 | $169.5M | $341.5M | ||
| Q3 24 | $165.9M | $292.3M | ||
| Q2 24 | $160.5M | $270.7M | ||
| Q1 24 | $157.5M | $228.1M |
| Q4 25 | $4.9M | $-13.9M | ||
| Q3 25 | $5.3M | $33.5M | ||
| Q2 25 | $8.3M | $34.0M | ||
| Q1 25 | $6.1M | $2.8M | ||
| Q4 24 | $56.4M | $44.8M | ||
| Q3 24 | $17.2M | $28.8M | ||
| Q2 24 | $76.7M | $22.7M | ||
| Q1 24 | $10.8M | $11.9M |
| 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% | -17.2% | ||
| Q3 25 | 4.3% | 13.6% | ||
| Q2 25 | 4.4% | 14.5% | ||
| Q1 25 | 2.1% | 2.2% | ||
| Q4 24 | 3.7% | 15.3% | ||
| Q3 24 | 5.0% | 12.8% | ||
| Q2 24 | 1.4% | 10.4% | ||
| Q1 24 | 1.1% | 6.0% |
| Q4 25 | 2.7% | -12.9% | ||
| Q3 25 | 3.0% | 9.9% | ||
| Q2 25 | 4.8% | 10.6% | ||
| Q1 25 | 3.6% | 1.2% | ||
| Q4 24 | 33.3% | 13.1% | ||
| Q3 24 | 10.4% | 9.9% | ||
| Q2 24 | 47.8% | 8.4% | ||
| Q1 24 | 6.9% | 5.2% |
| Q4 25 | $0.07 | $-0.41 | ||
| Q3 25 | $0.09 | $0.98 | ||
| Q2 25 | $0.13 | $0.99 | ||
| Q1 25 | $0.10 | $0.08 | ||
| Q4 24 | $0.79 | $1.32 | ||
| Q3 24 | $0.27 | $0.85 | ||
| Q2 24 | $0.22 | $0.67 | ||
| Q1 24 | $0.17 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $1.7B |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $390.0M | $299.3M | ||
| Q3 25 | $419.9M | $274.8M | ||
| Q2 25 | $459.1M | $233.7M | ||
| Q1 25 | $479.5M | $181.0M | ||
| Q4 24 | $885.9M | $279.3M | ||
| Q3 24 | $725.3M | $179.8M | ||
| Q2 24 | $616.6M | $208.1M | ||
| Q1 24 | $331.4M | $216.5M |
| Q4 25 | $332.3M | $1.7B | ||
| Q3 25 | $328.3M | $1.8B | ||
| Q2 25 | $414.0M | $1.8B | ||
| Q1 25 | $417.9M | $1.7B | ||
| Q4 24 | $446.7M | $1.7B | ||
| Q3 24 | $367.9M | $1.7B | ||
| Q2 24 | $325.8M | $1.7B | ||
| Q1 24 | $279.8M | $1.7B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.7B | $5.8B | ||
| Q2 25 | $1.8B | $4.7B | ||
| Q1 25 | $1.8B | $4.5B | ||
| Q4 24 | $1.8B | $4.4B | ||
| Q3 24 | $1.7B | $4.6B | ||
| Q2 24 | $1.9B | $4.2B | ||
| Q1 24 | $2.1B | $3.8B |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | $26.1M | $-680.1M |
| FCF MarginFCF / Revenue | 14.2% | -200.0% |
| Capex IntensityCapex / Revenue | 0.3% | 4.6% |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-664.3M | ||
| Q3 25 | $63.8M | $-948.1M | ||
| Q2 25 | $32.3M | $-238.5M | ||
| Q1 25 | $46.7M | $-281.1M | ||
| Q4 24 | $43.8M | $129.4M | ||
| Q3 24 | $55.9M | $-202.0M | ||
| Q2 24 | $40.7M | $-237.8M | ||
| Q1 24 | $50.4M | $38.4M |
| Q4 25 | $26.1M | $-680.1M | ||
| Q3 25 | $63.3M | $-950.4M | ||
| Q2 25 | $31.4M | $-241.0M | ||
| Q1 25 | $40.8M | $-284.7M | ||
| Q4 24 | $43.0M | $116.4M | ||
| Q3 24 | $55.5M | $-204.0M | ||
| Q2 24 | $40.0M | $-241.7M | ||
| Q1 24 | $50.1M | $35.2M |
| Q4 25 | 14.2% | -200.0% | ||
| Q3 25 | 35.5% | -281.5% | ||
| Q2 25 | 18.2% | -75.5% | ||
| Q1 25 | 24.4% | -120.0% | ||
| Q4 24 | 25.4% | 34.1% | ||
| Q3 24 | 33.5% | -69.8% | ||
| Q2 24 | 24.9% | -89.3% | ||
| Q1 24 | 31.8% | 15.4% |
| Q4 25 | 0.3% | 4.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 3.6% | 1.5% | ||
| Q4 24 | 0.4% | 3.8% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 0.4% | 1.4% | ||
| Q1 24 | 0.2% | 1.4% |
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | -28.34× | ||
| Q2 25 | 3.90× | -7.02× | ||
| Q1 25 | 7.72× | -102.07× | ||
| Q4 24 | 0.78× | 2.89× | ||
| Q3 24 | 3.24× | -7.01× | ||
| Q2 24 | 0.53× | -10.49× | ||
| Q1 24 | 4.66× | 3.24× |
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% |
WD
Segment breakdown not available.
