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BlackLine, Inc. (BL)

NEUTRAL
TechnologySoftware - ApplicationUnited States

Fundamental

60

Price

$31.51

Market Cap

$1.88B

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.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

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

Fairly Valued

Fair Value

$34.93

Current Price

$31.51

Margin of Safety

+9.8%

Fair Value Range

$22.70 - $47.15

Estimation Methods

Analyst Target:$38.80
DCF:$77.01
PE-based:$6.49
Graham Growth:$9.12
EPV:$4.33
Analyst Consensus:Buy (11B / 9H / 1S)
Last Earnings Surprise:+3.23%

Valuation Metrics

P/E Ratio

57.11

ROE

7.4%

P/B Ratio

5.88

P/FCF

10.53

Gross Margin

75.6%

ROIC

2.4%

Profitability Radar

Value Creation (Economic Moat)

ROIC

2.4%

WACC

6.3%

ROIC − WACC

-3.9 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 10.53
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Return on Tangible Assets
  • ROE 10.8%
  • Revenue Growth 5Y 14.8%
  • Analyst Consensus 52% 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 1.43%
  • ROIC 2.4%
  • P/B Ratio 5.88
  • 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

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

5.23

High quality: earnings backed by cash

Share Dilution

-43.4%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Owen M. Ryan CPAChairman & CEO62
Mr. Patrick VillanovaChief Financial Officer47
Mr. Jeremy UngChief Technology Officer42
Ms. Karole Morgan-PragerChief Legal & Administrative Officer and Secretary62
Mr. Stuart Van HoutenChief Commercial Officer58
Ms. Michelle D. StalickChief Accounting Officer48
Mr. Sumit JoharChief Information Officer48
Mr. Matt Humphries C.F.A.Vice President of Investor Relations-
Ms. Kimberly UbertiVice President of Global Corporate Communications-
Ms. Emily CampbellChief Marketing Officer54

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.

Latest News

Recent headlines for BL, sourced from Markets Gazette.

  • 5/5/2026NEUTRAL
    BlackLine 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.

  • 3/2/2026NEGATIVE
    BlackLine 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.

  • 2/21/2026POSITIVE
    Is 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