BlackLine, Inc. (BL)
Fair ValueFundamental
61
Price
$27.61
Market Cap
$1.54B
Part 1 · What the company is worth
Overview
BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close and consolidation solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching, which analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company also provides journal entry, which allows users to generate, review, and post manual journal entries; variance analysis that offers anomalous fluctuations in balance sheet and income statement account balances; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers credit and risk, collection, dispute and deduction, and team and task management, as well as AR intelligence, electronic invoicing and payment, and cash application solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. Additionally, it offers implementation, optimization, live and web-based training, and support services. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. The company was incorporated in 2001 and is headquartered in Woodland Hills, California.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
BlackLine's 10-K states that it competes with components of Oracle's Hyperion software, whose account reconciliation and close modules cover the same work inside Oracle's own ERP customer base.
OneStream competes for the same enterprise finance budget with a unified platform for consolidation, close and reporting, aimed at the multi-entity groups that are BlackLine's core customers.
BlackLine names Trintech in its 10-K as its closest rival: both sell record-to-report software that automates account reconciliation, transaction matching and the month-end close for large finance departments.
FloQast sells close-management and reconciliation software to the same accounting teams, and typically wins the mid-market deals where BlackLine's longer, costlier implementation is hard to justify.
Workiva sells to the same corporate controllers and overlaps on close, internal controls and reporting workflow, offering to cover both the close and the SEC filing in one platform.
Balance Sheet & Liquidity
Revenue
$732M
Trailing 12 months (through 6/30/2026)
Net Income
$35M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$161M
Total Equity
$332M
Total Liabilities
$1.39B
Current Ratio
1.72
Interest Coverage
3.18
Debt/EBITDA
9.58
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$34.49
Current Price
$27.61
Margin of Safety
+20.0%
Fair Value Range
$22.42 - $46.57
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
47.38
ROE
7.4%
P/B Ratio
4.88
P/FCF
8.73
Gross Margin
75.6%
ROIC
2.4%
Profitability Radar
Value Creation (Economic Moat)
ROIC
2.4%
WACC
6.2%
ROIC − WACC
-3.8 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (15)
- EPS shows upward trend
- Gross Margin 75.6%
- P/FCF 8.73
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- Return on Tangible Assets
- ROE 10.8%
- Revenue Growth 5Y 14.8%
- Analyst Consensus 50% Buy
- Earnings Surprise avg 6.7%
- Earnings Quality (OCF/NI) 5.23
- Share Dilution -43.4%
- Piotroski F-Score 6/9
Failed (10)
- Price CAGR 0.18%
- ROIC 2.4%
- P/B Ratio 4.88
- Debt/Equity ratio
- Operating Margin 4.3%
- Debt/EBITDA
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Net Margin Trend 4.7% vs 13.1%
Unavailable (2)
- Dividend Payout NaN%
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Owen M. Ryan CPA | Chairman & CEO | 62 |
| Ms. Therese Tucker | Founder & Director | - |
| Mr. Patrick Villanova | Chief Financial Officer | 47 |
| Mr. Jeremy Ung | Chief Technology Officer | 42 |
| Ms. Karole Morgan-Prager | Chief Legal & Administrative Officer and Secretary | 62 |
| Mr. Stuart Van Houten | Chief Commercial Officer | 58 |
| Ms. Michelle D. Stalick | Chief Accounting Officer | 48 |
| Mr. Sumit Johar | Chief Information Officer | 48 |
| Mr. Matt Humphries C.F.A. | Vice President of Investor Relations | - |
| Ms. Kimberly Uberti | Vice President of Global Corporate Communications | - |
Audit Risk
1
Board Risk
7
Compensation Risk
6
Shareholder Rights Risk
8
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-26
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-05
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-08-04
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for BL, sourced from Markets Gazette.
- 5/5/2026NEUTRALBlackLine Reports Q1 2026 Results: Full Earnings Call Transcript
BlackLine Inc. has released its Q1 2026 earnings call transcript. While the transcript provides detailed insights into the company's financial performance, strategic initiatives, and future outlook, it does not contain specific financial figures or forward-looking statements that would indicate a clear positive or negative market reaction. Investors should review the full transcript for a comprehensive understanding of the company's operational status and management's commentary.
- 3/2/2026NEGATIVEBlackLine Stock Down Nearly 30% as One Fund Cuts Stake by $10 Million
BlackLine, a company specializing in cloud-based automation tools for enterprise finance teams, saw its stock plummet by nearly 30%. This significant decline was triggered by news that a fund had cut its stake in the company by $10 million. Despite its global subscription SaaS business model, the move by an institutional investor to divest such a substantial sum raises questions about market confidence and future growth prospects. Investors should carefully assess whether this is an isolated event or an indicator of deeper challenges for the company.
- 2/21/2026POSITIVEIs BlackLine Stock a Turnaround Bet After This Fund's New $20 Million Stake?
A fund's new $20 million stake in BlackLine suggests renewed confidence in the company's turnaround potential. BlackLine, which provides cloud software for accounting and finance workflows, could see a positive impact on its market value.
via Markets Gazette