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BLACKLINE, INC.（BL）与Stitch Fix, Inc.（SFIX）财务数据对比。点击上方公司名可切换其他公司
Stitch Fix, Inc.的季度营收约是BLACKLINE, INC.的1.9倍（$342.1M vs $183.2M），BLACKLINE, INC.净利率更高（2.7% vs -1.9%，领先4.5%），BLACKLINE, INC.同比增速更快（8.1% vs 7.3%），BLACKLINE, INC.自由现金流更多（$26.1M vs $5.6M），过去两年BLACKLINE, INC.的营收复合增速更高（7.9% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
BL vs SFIX — 直观对比
营收规模更大
SFIX
是对方的1.9倍
$183.2M
营收增速更快
BL
高出0.8%
7.3%
净利率更高
BL
高出4.5%
-1.9%
自由现金流更多
BL
多$20.5M
$5.6M
两年增速更快
BL
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $183.2M | $342.1M |
| 净利润 | $4.9M | $-6.4M |
| 毛利率 | 75.2% | 43.6% |
| 营业利润率 | 3.7% | -2.5% |
| 净利率 | 2.7% | -1.9% |
| 营收同比 | 8.1% | 7.3% |
| 净利润同比 | -91.3% | -1.7% |
| 每股收益（稀释后） | $0.07 | $-0.05 |
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BLSFIX
| Q4 25 | $183.2M | $342.1M | ||
| Q3 25 | $178.3M | $311.2M | ||
| Q2 25 | $172.0M | $325.0M | ||
| Q1 25 | $166.9M | $312.1M | ||
| Q4 24 | $169.5M | $318.8M | ||
| Q3 24 | $165.9M | $319.6M | ||
| Q2 24 | $160.5M | $322.7M | ||
| Q1 24 | $157.5M | $330.4M |
净利润BLSFIX
| Q4 25 | $4.9M | $-6.4M | ||
| Q3 25 | $5.3M | $-8.6M | ||
| Q2 25 | $8.3M | $-7.4M | ||
| Q1 25 | $6.1M | $-6.5M | ||
| Q4 24 | $56.4M | $-6.3M | ||
| Q3 24 | $17.2M | $-36.5M | ||
| Q2 24 | $76.7M | $-21.3M | ||
| Q1 24 | $10.8M | $-35.5M |
毛利率BLSFIX
| Q4 25 | 75.2% | 43.6% | ||
| Q3 25 | 75.1% | 43.6% | ||
| Q2 25 | 75.2% | 44.2% | ||
| Q1 25 | 75.5% | 44.5% | ||
| Q4 24 | 75.6% | 45.4% | ||
| Q3 24 | 75.2% | 44.6% | ||
| Q2 24 | 74.9% | 45.5% | ||
| Q1 24 | 75.2% | 43.4% |
营业利润率BLSFIX
| Q4 25 | 3.7% | -2.5% | ||
| Q3 25 | 4.3% | -3.6% | ||
| Q2 25 | 4.4% | -3.0% | ||
| Q1 25 | 2.1% | -2.9% | ||
| Q4 24 | 3.7% | -2.8% | ||
| Q3 24 | 5.0% | -13.1% | ||
| Q2 24 | 1.4% | -7.7% | ||
| Q1 24 | 1.1% | -11.5% |
净利率BLSFIX
| Q4 25 | 2.7% | -1.9% | ||
| Q3 25 | 3.0% | -2.8% | ||
| Q2 25 | 4.8% | -2.3% | ||
| Q1 25 | 3.6% | -2.1% | ||
| Q4 24 | 33.3% | -2.0% | ||
| Q3 24 | 10.4% | -11.4% | ||
| Q2 24 | 47.8% | -6.6% | ||
| Q1 24 | 6.9% | -10.8% |
每股收益（稀释后）BLSFIX
| Q4 25 | $0.07 | $-0.05 | ||
| Q3 25 | $0.09 | $-0.06 | ||
| Q2 25 | $0.13 | $-0.06 | ||
| Q1 25 | $0.10 | $-0.05 | ||
| Q4 24 | $0.79 | $-0.05 | ||
| Q3 24 | $0.27 | $-0.29 | ||
| Q2 24 | $0.22 | $-0.18 | ||
| Q1 24 | $0.17 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $332.3M | $204.1M |
| 总资产 | $1.8B | $530.7M |
| 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BLSFIX
| Q4 25 | $390.0M | $244.2M | ||
| Q3 25 | $419.9M | $234.9M | ||
| Q2 25 | $459.1M | $234.2M | ||
| Q1 25 | $479.5M | $219.1M | ||
| Q4 24 | $885.9M | $253.3M | ||
| Q3 24 | $725.3M | $247.0M | ||
| Q2 24 | $616.6M | $244.5M | ||
| Q1 24 | $331.4M | $229.8M |
股东权益BLSFIX
| Q4 25 | $332.3M | $204.1M | ||
| Q3 25 | $328.3M | $203.0M | ||
| Q2 25 | $414.0M | $200.4M | ||
| Q1 25 | $417.9M | $197.8M | ||
| Q4 24 | $446.7M | $190.5M | ||
| Q3 24 | $367.9M | $187.0M | ||
| Q2 24 | $325.8M | $208.9M | ||
| Q1 24 | $279.8M | $213.3M |
总资产BLSFIX
| Q4 25 | $1.8B | $530.7M | ||
| Q3 25 | $1.7B | $480.6M | ||
| Q2 25 | $1.8B | $484.7M | ||
| Q1 25 | $1.8B | $472.6M | ||
| Q4 24 | $1.8B | $507.1M | ||
| Q3 24 | $1.7B | $486.9M | ||
| Q2 24 | $1.9B | $537.0M | ||
| Q1 24 | $2.1B | $538.3M |
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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $26.1M | $5.6M |
| 自由现金流率自由现金流/营收 | 14.2% | 1.6% |
| 资本支出强度资本支出/营收 | 0.3% | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流BLSFIX
| Q4 25 | $26.7M | $10.9M | ||
| Q3 25 | $63.8M | $7.0M | ||
| Q2 25 | $32.3M | $20.5M | ||
| Q1 25 | $46.7M | $-16.2M | ||
| Q4 24 | $43.8M | $14.3M | ||
| Q3 24 | $55.9M | $8.2M | ||
| Q2 24 | $40.7M | $21.7M | ||
| Q1 24 | $50.4M | $-22.3M |
自由现金流BLSFIX
| Q4 25 | $26.1M | $5.6M | ||
| Q3 25 | $63.3M | $2.8M | ||
| Q2 25 | $31.4M | $16.0M | ||
| Q1 25 | $40.8M | $-19.4M | ||
| Q4 24 | $43.0M | $9.9M | ||
| Q3 24 | $55.5M | $4.5M | ||
| Q2 24 | $40.0M | $18.9M | ||
| Q1 24 | $50.1M | $-26.1M |
自由现金流率BLSFIX
| Q4 25 | 14.2% | 1.6% | ||
| Q3 25 | 35.5% | 0.9% | ||
| Q2 25 | 18.2% | 4.9% | ||
| Q1 25 | 24.4% | -6.2% | ||
| Q4 24 | 25.4% | 3.1% | ||
| Q3 24 | 33.5% | 1.4% | ||
| Q2 24 | 24.9% | 5.9% | ||
| Q1 24 | 31.8% | -7.9% |
资本支出强度BLSFIX
| Q4 25 | 0.3% | 1.6% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.6% | 1.4% | ||
| Q1 25 | 3.6% | 1.0% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.4% | 0.9% | ||
| Q1 24 | 0.2% | 1.1% |
现金转化率BLSFIX
| 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× | — | ||
| Q1 24 | 4.66× | — |
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% |
SFIX
暂无分部数据
