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BLACKLINE, INC.（BL）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
BLACKLINE, INC.的季度营收约是RESOURCES CONNECTION, INC.的1.6倍（$183.2M vs $117.7M），BLACKLINE, INC.净利率更高（2.7% vs -10.8%，领先13.4%），BLACKLINE, INC.同比增速更快（8.1% vs -19.2%），BLACKLINE, INC.自由现金流更多（$26.1M vs $15.6M），过去两年BLACKLINE, INC.的营收复合增速更高（7.9% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
BL vs RGP — 直观对比
营收规模更大
BL
是对方的1.6倍
$117.7M
营收增速更快
BL
高出27.2%
-19.2%
净利率更高
BL
高出13.4%
-10.8%
自由现金流更多
BL
多$10.5M
$15.6M
两年增速更快
BL
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $183.2M | $117.7M |
| 净利润 | $4.9M | $-12.7M |
| 毛利率 | 75.2% | 37.1% |
| 营业利润率 | 3.7% | -10.3% |
| 净利率 | 2.7% | -10.8% |
| 营收同比 | 8.1% | -19.2% |
| 净利润同比 | -91.3% | 81.6% |
| 每股收益（稀释后） | $0.07 | $-0.38 |
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BLRGP
| Q4 25 | $183.2M | $117.7M | ||
| Q3 25 | $178.3M | $120.2M | ||
| Q2 25 | $172.0M | $139.3M | ||
| Q1 25 | $166.9M | $129.4M | ||
| Q4 24 | $169.5M | $145.6M | ||
| Q3 24 | $165.9M | $136.9M | ||
| Q2 24 | $160.5M | $148.2M | ||
| Q1 24 | $157.5M | $151.3M |
净利润BLRGP
| Q4 25 | $4.9M | $-12.7M | ||
| Q3 25 | $5.3M | $-2.4M | ||
| Q2 25 | $8.3M | $-73.3M | ||
| Q1 25 | $6.1M | $-44.1M | ||
| Q4 24 | $56.4M | $-68.7M | ||
| Q3 24 | $17.2M | $-5.7M | ||
| Q2 24 | $76.7M | $10.5M | ||
| Q1 24 | $10.8M | $2.5M |
毛利率BLRGP
| Q4 25 | 75.2% | 37.1% | ||
| Q3 25 | 75.1% | 39.5% | ||
| Q2 25 | 75.2% | 40.2% | ||
| Q1 25 | 75.5% | 35.1% | ||
| Q4 24 | 75.6% | 38.5% | ||
| Q3 24 | 75.2% | 36.5% | ||
| Q2 24 | 74.9% | 40.2% | ||
| Q1 24 | 75.2% | 37.0% |
营业利润率BLRGP
| Q4 25 | 3.7% | -10.3% | ||
| Q3 25 | 4.3% | -1.7% | ||
| Q2 25 | 4.4% | -47.0% | ||
| Q1 25 | 2.1% | -38.4% | ||
| Q4 24 | 3.7% | -52.7% | ||
| Q3 24 | 5.0% | -3.5% | ||
| Q2 24 | 1.4% | 7.6% | ||
| Q1 24 | 1.1% | 2.8% |
净利率BLRGP
| Q4 25 | 2.7% | -10.8% | ||
| Q3 25 | 3.0% | -2.0% | ||
| Q2 25 | 4.8% | -52.6% | ||
| Q1 25 | 3.6% | -34.0% | ||
| Q4 24 | 33.3% | -47.2% | ||
| Q3 24 | 10.4% | -4.2% | ||
| Q2 24 | 47.8% | 7.1% | ||
| Q1 24 | 6.9% | 1.7% |
每股收益（稀释后）BLRGP
| Q4 25 | $0.07 | $-0.38 | ||
| Q3 25 | $0.09 | $-0.07 | ||
| Q2 25 | $0.13 | $-2.21 | ||
| Q1 25 | $0.10 | $-1.34 | ||
| Q4 24 | $0.79 | $-2.08 | ||
| Q3 24 | $0.27 | $-0.17 | ||
| Q2 24 | $0.22 | $0.31 | ||
| Q1 24 | $0.17 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $332.3M | $194.6M |
| 总资产 | $1.8B | $289.3M |
| 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BLRGP
| Q4 25 | $390.0M | $89.8M | ||
| Q3 25 | $419.9M | $77.5M | ||
| Q2 25 | $459.1M | $86.1M | ||
| Q1 25 | $479.5M | $72.5M | ||
| Q4 24 | $885.9M | $78.2M | ||
| Q3 24 | $725.3M | $89.6M | ||
| Q2 24 | $616.6M | $108.9M | ||
| Q1 24 | $331.4M | $113.8M |
股东权益BLRGP
| Q4 25 | $332.3M | $194.6M | ||
| Q3 25 | $328.3M | $206.4M | ||
| Q2 25 | $414.0M | $207.1M | ||
| Q1 25 | $417.9M | $277.8M | ||
| Q4 24 | $446.7M | $325.7M | ||
| Q3 24 | $367.9M | $407.2M | ||
| Q2 24 | $325.8M | $418.8M | ||
| Q1 24 | $279.8M | $414.9M |
总资产BLRGP
| Q4 25 | $1.8B | $289.3M | ||
| Q3 25 | $1.7B | $287.2M | ||
| Q2 25 | $1.8B | $304.7M | ||
| Q1 25 | $1.8B | $375.6M | ||
| Q4 24 | $1.8B | $424.9M | ||
| Q3 24 | $1.7B | $512.9M | ||
| Q2 24 | $1.9B | $510.9M | ||
| Q1 24 | $2.1B | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $26.1M | $15.6M |
| 自由现金流率自由现金流/营收 | 14.2% | 13.2% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流BLRGP
| Q4 25 | $26.7M | $15.9M | ||
| Q3 25 | $63.8M | $-7.8M | ||
| Q2 25 | $32.3M | $16.8M | ||
| Q1 25 | $46.7M | $659.0K | ||
| Q4 24 | $43.8M | $1.8M | ||
| Q3 24 | $55.9M | $-309.0K | ||
| Q2 24 | $40.7M | $3.2M | ||
| Q1 24 | $50.4M | $20.5M |
自由现金流BLRGP
| Q4 25 | $26.1M | $15.6M | ||
| Q3 25 | $63.3M | $-8.0M | ||
| Q2 25 | $31.4M | $16.5M | ||
| Q1 25 | $40.8M | $238.0K | ||
| Q4 24 | $43.0M | $61.0K | ||
| Q3 24 | $55.5M | $-575.0K | ||
| Q2 24 | $40.0M | $3.0M | ||
| Q1 24 | $50.1M | $20.4M |
自由现金流率BLRGP
| Q4 25 | 14.2% | 13.2% | ||
| Q3 25 | 35.5% | -6.6% | ||
| Q2 25 | 18.2% | 11.8% | ||
| Q1 25 | 24.4% | 0.2% | ||
| Q4 24 | 25.4% | 0.0% | ||
| Q3 24 | 33.5% | -0.4% | ||
| Q2 24 | 24.9% | 2.1% | ||
| Q1 24 | 31.8% | 13.5% |
资本支出强度BLRGP
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 3.6% | 0.3% | ||
| Q4 24 | 0.4% | 1.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率BLRGP
| Q4 25 | 5.46× | — | ||
| Q3 25 | 12.07× | — | ||
| Q2 25 | 3.90× | — | ||
| Q1 25 | 7.72× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | 3.24× | — | ||
| Q2 24 | 0.53× | 0.30× | ||
| Q1 24 | 4.66× | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
