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Side-by-side financial comparison of BLACKLINE, INC. (BL) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $183.2M, roughly 1.8× BLACKLINE, INC.). BLACKLINE, INC. runs the higher net margin — 2.7% vs -18.0%, a 20.6% gap on every dollar of revenue. On growth, BLACKLINE, INC. posted the faster year-over-year revenue change (8.1% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $26.1M). Over the past eight quarters, BLACKLINE, INC.'s revenue compounded faster (7.9% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
BL vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $334.0M |
| Net Profit | $4.9M | $-60.0M |
| Gross Margin | 75.2% | — |
| Operating Margin | 3.7% | — |
| Net Margin | 2.7% | -18.0% |
| Revenue YoY | 8.1% | -76.3% |
| Net Profit YoY | -91.3% | -170.6% |
| EPS (diluted) | $0.07 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $183.2M | $334.0M | ||
| Q3 25 | $178.3M | $382.0M | ||
| Q2 25 | $172.0M | $397.0M | ||
| Q1 25 | $166.9M | $316.0M | ||
| Q4 24 | $169.5M | $336.0M | ||
| Q3 24 | $165.9M | $396.0M | ||
| Q2 24 | $160.5M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $4.9M | $-60.0M | ||
| Q3 25 | $5.3M | $105.0M | ||
| Q2 25 | $8.3M | $87.0M | ||
| Q1 25 | $6.1M | $61.0M | ||
| Q4 24 | $56.4M | $85.0M | ||
| Q3 24 | $17.2M | $102.0M | ||
| Q2 24 | $76.7M | $86.0M |
| 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 | — | — | ||
| Q4 25 | 3.7% | -11.4% | ||
| Q3 25 | 4.3% | 46.6% | ||
| Q2 25 | 4.4% | 37.8% | ||
| Q1 25 | 2.1% | 35.4% | ||
| Q4 24 | 3.7% | 38.4% | ||
| Q3 24 | 5.0% | 43.2% | ||
| Q2 24 | 1.4% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 2.7% | -18.0% | ||
| Q3 25 | 3.0% | 27.5% | ||
| Q2 25 | 4.8% | 21.9% | ||
| Q1 25 | 3.6% | 19.3% | ||
| Q4 24 | 33.3% | 25.3% | ||
| Q3 24 | 10.4% | 25.8% | ||
| Q2 24 | 47.8% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $0.07 | $-0.77 | ||
| Q3 25 | $0.09 | $1.36 | ||
| Q2 25 | $0.13 | $1.13 | ||
| Q1 25 | $0.10 | $0.78 | ||
| Q4 24 | $0.79 | $1.06 | ||
| Q3 24 | $0.27 | $1.29 | ||
| Q2 24 | $0.22 | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | $468.0M |
| Total Assets | $1.8B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $390.0M | $64.0M | ||
| Q3 25 | $419.9M | $70.0M | ||
| Q2 25 | $459.1M | $50.0M | ||
| Q1 25 | $479.5M | $48.0M | ||
| Q4 24 | $885.9M | $103.0M | ||
| Q3 24 | $725.3M | $72.0M | ||
| Q2 24 | $616.6M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $332.3M | $468.0M | ||
| Q3 25 | $328.3M | $583.0M | ||
| Q2 25 | $414.0M | $570.0M | ||
| Q1 25 | $417.9M | $579.0M | ||
| Q4 24 | $446.7M | $650.0M | ||
| Q3 24 | $367.9M | $583.0M | ||
| Q2 24 | $325.8M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.8B | $4.2B | ||
| Q3 25 | $1.7B | $4.3B | ||
| Q2 25 | $1.8B | $4.3B | ||
| Q1 25 | $1.8B | $4.2B | ||
| Q4 24 | $1.8B | $4.2B | ||
| Q3 24 | $1.7B | $4.2B | ||
| Q2 24 | $1.9B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $26.1M | $168.0M |
| FCF MarginFCF / Revenue | 14.2% | 50.3% |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $26.7M | $152.0M | ||
| Q3 25 | $63.8M | $86.0M | ||
| Q2 25 | $32.3M | $70.0M | ||
| Q1 25 | $46.7M | $59.0M | ||
| Q4 24 | $43.8M | $134.0M | ||
| Q3 24 | $55.9M | $79.0M | ||
| Q2 24 | $40.7M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $26.1M | $136.0M | ||
| Q3 25 | $63.3M | $75.0M | ||
| Q2 25 | $31.4M | $58.0M | ||
| Q1 25 | $40.8M | $52.0M | ||
| Q4 24 | $43.0M | $109.0M | ||
| Q3 24 | $55.5M | $71.0M | ||
| Q2 24 | $40.0M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 14.2% | 40.7% | ||
| Q3 25 | 35.5% | 19.6% | ||
| Q2 25 | 18.2% | 14.6% | ||
| Q1 25 | 24.4% | 16.5% | ||
| Q4 24 | 25.4% | 32.4% | ||
| Q3 24 | 33.5% | 17.9% | ||
| Q2 24 | 24.9% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 4.8% | ||
| Q3 25 | 0.3% | 2.9% | ||
| Q2 25 | 0.6% | 3.0% | ||
| Q1 25 | 3.6% | 2.2% | ||
| Q4 24 | 0.4% | 7.4% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 0.4% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | 0.82× | ||
| Q2 25 | 3.90× | 0.80× | ||
| Q1 25 | 7.72× | 0.97× | ||
| Q4 24 | 0.78× | 1.58× | ||
| Q3 24 | 3.24× | 0.77× | ||
| Q2 24 | 0.53× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
