vs
Side-by-side financial comparison of BLACKLINE, INC. (BL) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $183.2M, roughly 1.0× BLACKLINE, INC.). Wingstop 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 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
BL vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $183.2M | $183.7M |
| Net Profit | $4.9M | $29.9M |
| Gross Margin | 75.2% | 86.5% |
| Operating Margin | 3.7% | 27.4% |
| Net Margin | 2.7% | 16.3% |
| Revenue YoY | 8.1% | 7.4% |
| Net Profit YoY | -91.3% | — |
| EPS (diluted) | $0.07 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | $183.2M | $175.7M | ||
| Q3 25 | $178.3M | $175.7M | ||
| Q2 25 | $172.0M | $174.3M | ||
| Q1 25 | $166.9M | $171.1M | ||
| Q4 24 | $169.5M | $161.8M | ||
| Q3 24 | $165.9M | $162.5M | ||
| Q2 24 | $160.5M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $4.9M | $26.8M | ||
| Q3 25 | $5.3M | $28.5M | ||
| Q2 25 | $8.3M | $26.8M | ||
| Q1 25 | $6.1M | $92.3M | ||
| Q4 24 | $56.4M | $26.8M | ||
| Q3 24 | $17.2M | $25.7M | ||
| Q2 24 | $76.7M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 75.2% | — | ||
| Q3 25 | 75.1% | — | ||
| Q2 25 | 75.2% | — | ||
| Q1 25 | 75.5% | — | ||
| Q4 24 | 75.6% | 85.6% | ||
| Q3 24 | 75.2% | 85.0% | ||
| Q2 24 | 74.9% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 3.7% | 26.7% | ||
| Q3 25 | 4.3% | 27.9% | ||
| Q2 25 | 4.4% | 25.9% | ||
| Q1 25 | 2.1% | 22.4% | ||
| Q4 24 | 3.7% | 25.9% | ||
| Q3 24 | 5.0% | 24.5% | ||
| Q2 24 | 1.4% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 2.7% | 15.2% | ||
| Q3 25 | 3.0% | 16.2% | ||
| Q2 25 | 4.8% | 15.4% | ||
| Q1 25 | 3.6% | 53.9% | ||
| Q4 24 | 33.3% | 16.5% | ||
| Q3 24 | 10.4% | 15.8% | ||
| Q2 24 | 47.8% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.07 | $0.99 | ||
| Q3 25 | $0.09 | $1.02 | ||
| Q2 25 | $0.13 | $0.96 | ||
| Q1 25 | $0.10 | $3.24 | ||
| Q4 24 | $0.79 | $0.91 | ||
| Q3 24 | $0.27 | $0.88 | ||
| Q2 24 | $0.22 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $332.3M | — |
| Total Assets | $1.8B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $390.0M | $196.6M | ||
| Q3 25 | $419.9M | $237.6M | ||
| Q2 25 | $459.1M | $227.9M | ||
| Q1 25 | $479.5M | $251.4M | ||
| Q4 24 | $885.9M | $315.9M | ||
| Q3 24 | $725.3M | $84.0M | ||
| Q2 24 | $616.6M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $332.3M | $-736.8M | ||
| Q3 25 | $328.3M | $-702.6M | ||
| Q2 25 | $414.0M | $-686.0M | ||
| Q1 25 | $417.9M | $-715.0M | ||
| Q4 24 | $446.7M | $-675.6M | ||
| Q3 24 | $367.9M | $-447.5M | ||
| Q2 24 | $325.8M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.8B | $693.4M | ||
| Q3 25 | $1.7B | $721.0M | ||
| Q2 25 | $1.8B | $708.3M | ||
| Q1 25 | $1.8B | $696.8M | ||
| Q4 24 | $1.8B | $716.2M | ||
| Q3 24 | $1.7B | $484.8M | ||
| Q2 24 | $1.9B | $451.8M |
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 | — |
| Free Cash FlowOCF − Capex | $26.1M | — |
| FCF MarginFCF / Revenue | 14.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 5.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $57.3M | ||
| Q3 25 | $63.8M | $63.9M | ||
| Q2 25 | $32.3M | $6.6M | ||
| Q1 25 | $46.7M | $25.3M | ||
| Q4 24 | $43.8M | $7.7M | ||
| Q3 24 | $55.9M | $69.0M | ||
| Q2 24 | $40.7M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $34.5M | ||
| Q3 25 | $63.3M | $61.7M | ||
| Q2 25 | $31.4M | $-7.8M | ||
| Q1 25 | $40.8M | $17.3M | ||
| Q4 24 | $43.0M | $-8.6M | ||
| Q3 24 | $55.5M | $54.9M | ||
| Q2 24 | $40.0M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | 19.6% | ||
| Q3 25 | 35.5% | 35.1% | ||
| Q2 25 | 18.2% | -4.5% | ||
| Q1 25 | 24.4% | 10.1% | ||
| Q4 24 | 25.4% | -5.3% | ||
| Q3 24 | 33.5% | 33.8% | ||
| Q2 24 | 24.9% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 13.0% | ||
| Q3 25 | 0.3% | 1.3% | ||
| Q2 25 | 0.6% | 8.2% | ||
| Q1 25 | 3.6% | 4.7% | ||
| Q4 24 | 0.4% | 10.1% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 0.4% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | 2.14× | ||
| Q3 25 | 12.07× | 2.24× | ||
| Q2 25 | 3.90× | 0.25× | ||
| Q1 25 | 7.72× | 0.27× | ||
| Q4 24 | 0.78× | 0.29× | ||
| Q3 24 | 3.24× | 2.68× | ||
| Q2 24 | 0.53× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
