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BLACKLINE, INC.（BL）与FTAI Infrastructure Inc.（FIP）财务数据对比。点击上方公司名可切换其他公司
FTAI Infrastructure Inc.的季度营收约是BLACKLINE, INC.的1.0倍（$188.4M vs $183.2M），BLACKLINE, INC.净利率更高（2.7% vs -79.7%，领先82.4%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 8.1%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% vs 7.9%）
BlackLine是一家美国企业级软件公司，总部位于洛杉矶，在全球设有17个办事处，专注于开发云服务，可实现财务结账全流程自动化与管理，同时覆盖财务合并、发票到回款流程及公司间会计核算等业务场景。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
BL vs FIP — 直观对比
营收规模更大
FIP
是对方的1.0倍
$183.2M
营收增速更快
FIP
高出87.8%
8.1%
净利率更高
BL
高出82.4%
-79.7%
两年增速更快
FIP
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $183.2M | $188.4M |
| 净利润 | $4.9M | $-150.2M |
| 毛利率 | 75.2% | — |
| 营业利润率 | 3.7% | — |
| 净利率 | 2.7% | -79.7% |
| 营收同比 | 8.1% | 95.9% |
| 净利润同比 | -91.3% | -387.6% |
| 每股收益（稀释后） | $0.07 | $-1.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BLFIP
| Q1 26 | — | $188.4M | ||
| Q4 25 | $183.2M | $143.5M | ||
| Q3 25 | $178.3M | $140.6M | ||
| Q2 25 | $172.0M | $122.3M | ||
| Q1 25 | $166.9M | $96.2M | ||
| Q4 24 | $169.5M | $80.8M | ||
| Q3 24 | $165.9M | $83.3M | ||
| Q2 24 | $160.5M | $84.9M |
净利润BLFIP
| Q1 26 | — | $-150.2M | ||
| Q4 25 | $4.9M | $-97.7M | ||
| Q3 25 | $5.3M | $-104.5M | ||
| Q2 25 | $8.3M | $-70.0M | ||
| Q1 25 | $6.1M | $120.2M | ||
| Q4 24 | $56.4M | $-124.7M | ||
| Q3 24 | $17.2M | $-43.0M | ||
| Q2 24 | $76.7M | $-48.1M |
毛利率BLFIP
| 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% | — |
营业利润率BLFIP
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | -45.7% | ||
| Q3 25 | 4.3% | -70.8% | ||
| Q2 25 | 4.4% | -56.4% | ||
| Q1 25 | 2.1% | 81.8% | ||
| Q4 24 | 3.7% | -152.7% | ||
| Q3 24 | 5.0% | -51.7% | ||
| Q2 24 | 1.4% | -56.4% |
净利率BLFIP
| Q1 26 | — | -79.7% | ||
| Q4 25 | 2.7% | -68.1% | ||
| Q3 25 | 3.0% | -74.4% | ||
| Q2 25 | 4.8% | -57.2% | ||
| Q1 25 | 3.6% | 125.0% | ||
| Q4 24 | 33.3% | -154.4% | ||
| Q3 24 | 10.4% | -51.6% | ||
| Q2 24 | 47.8% | -56.7% |
每股收益（稀释后）BLFIP
| Q1 26 | — | $-1.32 | ||
| Q4 25 | $0.07 | $-1.04 | ||
| Q3 25 | $0.09 | $-1.38 | ||
| Q2 25 | $0.13 | $-0.73 | ||
| Q1 25 | $0.10 | $0.89 | ||
| Q4 24 | $0.79 | $-1.21 | ||
| Q3 24 | $0.27 | $-0.45 | ||
| Q2 24 | $0.22 | $-0.52 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $390.0M | $37.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $332.3M | $-122.5K |
| 总资产 | $1.8B | $5.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BLFIP
| Q1 26 | — | $37.9M | ||
| Q4 25 | $390.0M | $57.4M | ||
| Q3 25 | $419.9M | $34.7M | ||
| Q2 25 | $459.1M | $33.6M | ||
| Q1 25 | $479.5M | $26.3M | ||
| Q4 24 | $885.9M | $27.8M | ||
| Q3 24 | $725.3M | $20.3M | ||
| Q2 24 | $616.6M | $33.1M |
总债务BLFIP
| Q1 26 | — | — | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B |
股东权益BLFIP
| Q1 26 | — | $-122.5K | ||
| Q4 25 | $332.3M | $21.3M | ||
| Q3 25 | $328.3M | $181.1M | ||
| Q2 25 | $414.0M | $375.5M | ||
| Q1 25 | $417.9M | $476.2M | ||
| Q4 24 | $446.7M | $202.7M | ||
| Q3 24 | $367.9M | $370.8M | ||
| Q2 24 | $325.8M | $394.8M |
总资产BLFIP
| Q1 26 | — | $5.7B | ||
| Q4 25 | $1.8B | $5.7B | ||
| Q3 25 | $1.7B | $5.5B | ||
| Q2 25 | $1.8B | $4.4B | ||
| Q1 25 | $1.8B | $4.1B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.7B | $2.4B | ||
| Q2 24 | $1.9B | $2.5B |
负债/权益比BLFIP
| Q1 26 | — | — | ||
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $26.7M | $-69.4M |
| 自由现金流经营现金流 - 资本支出 | $26.1M | — |
| 自由现金流率自由现金流/营收 | 14.2% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 5.46× | — |
| 过去12个月自由现金流最近4个季度 | $161.5M | — |
8季度趋势，按日历期对齐
经营现金流BLFIP
| Q1 26 | — | $-69.4M | ||
| Q4 25 | $26.7M | $-2.8M | ||
| Q3 25 | $63.8M | $-24.4M | ||
| Q2 25 | $32.3M | $-5.2M | ||
| Q1 25 | $46.7M | $-85.7M | ||
| Q4 24 | $43.8M | $-8.1M | ||
| Q3 24 | $55.9M | $14.2M | ||
| Q2 24 | $40.7M | $-17.6M |
自由现金流BLFIP
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $-68.6M | ||
| Q3 25 | $63.3M | $-90.7M | ||
| Q2 25 | $31.4M | $-87.5M | ||
| Q1 25 | $40.8M | $-151.7M | ||
| Q4 24 | $43.0M | $-34.3M | ||
| Q3 24 | $55.5M | $-11.7M | ||
| Q2 24 | $40.0M | $-32.1M |
自由现金流率BLFIP
| Q1 26 | — | — | ||
| Q4 25 | 14.2% | -47.8% | ||
| Q3 25 | 35.5% | -64.5% | ||
| Q2 25 | 18.2% | -71.6% | ||
| Q1 25 | 24.4% | -157.7% | ||
| Q4 24 | 25.4% | -42.4% | ||
| Q3 24 | 33.5% | -14.0% | ||
| Q2 24 | 24.9% | -37.9% |
资本支出强度BLFIP
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 45.9% | ||
| Q3 25 | 0.3% | 47.2% | ||
| Q2 25 | 0.6% | 67.3% | ||
| Q1 25 | 3.6% | 68.6% | ||
| Q4 24 | 0.4% | 32.5% | ||
| Q3 24 | 0.2% | 31.1% | ||
| Q2 24 | 0.4% | 17.2% |
现金转化率BLFIP
| Q1 26 | — | — | ||
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | -0.71× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BL
| Subscription And Circulation | $173.2M | 95% |
| Technology Service | $10.0M | 5% |
FIP
暂无分部数据
