What are BlackLine's profit margins?

BlackLine (BL) runs a 75.4% gross margin and a 3.9% operating margin, with a 3.7% net margin.

Where do BlackLine's ratios come from?

Every ratio is computed from BlackLine's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

BlackLine BL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	75.4%+0.1pp	75.2%-0.1pp	75.3%0.0pp	75.4%+0.1pp	75.3%+0.1pp
Operating margin	3.9%+0.3pp	3.6%0.0pp	3.6%-0.2pp	3.8%+0.7pp	3.1%+0.2pp
Net margin	3.7%+0.2pp	3.5%-7.6pp	11.1%-2.0pp	13.1%-10.5pp	23.6%-1.1pp
EBITDA margin	10.5%+0.2pp	10.3%-0.1pp	10.4%-0.5pp	10.9%+0.4pp	10.5%0.0pp
Free cash flow margin	23%0.0pp	23.1%-2.9pp	26%+0.7pp	25.3%-1.7pp	27.1%-1.8pp
Returns
Return on equity	7.3%+1.1pp	6.3%-15.6pp	21.8%-1.9pp	23.8%-21.0pp	44.8%-0.7pp
Return on assets	1.6%+0.3pp	1.4%-3.1pp	4.5%-0.3pp	4.8%-3.3pp	8.1%-0.1pp
Return on invested capital	10.8%—	——	——	——	9.9%—
Efficiency
Asset turnover	0.4×+0.1×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×0.0×
Liquidity
Current ratio	1.7×+0.2×	1.5×0.0×	1.5×-0.1×	1.6×0.0×	1.7×-0.9×
Quick ratio	1.7×+0.2×	1.5×0.0×	1.5×-0.1×	1.6×0.0×	1.7×-0.9×
Cash ratio	0.6×0.0×	0.6×-0.1×	0.6×-0.1×	0.7×0.0×	0.8×-1.3×
Leverage
Debt-to-equity	0.1×-0.7×	0.8×0.0×	0.8×+0.2×	0.6×0.0×	0.6×+0.6×
Debt-to-assets	0×-0.1×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×+0.1×
Net debt / EBITDA	-2.9×-1.1×	-1.9×+0.4×	-2.3×+0.4×	-2.8×+0.4×	-3.2×+9.3×
Interest coverage	2.8×+0.3×	2.5×+0.1×	2.5×0.0×	2.5×+0.4×	2.1×0.0×
Per Share
Book value per share	$4.38-13.1%	$5.04-3.0%	$5.19-19.7%	$6.47+0.4%	$6.45+6.1%
Valuation
Market capitalization	$2.2B-33.0%	$3.29B+0.1%	$3.29B-7.1%	$3.54B+15.8%	$3.05B-19.6%
Enterprise value	$1.98B-37.1%	$3.15B+1.0%	$3.12B-6.4%	$3.33B+17.7%	$2.83B-3.5%
Price / earnings	82.9×-51.3×	134.1×+90.9×	43.2×+3.0×	40.2×+20.7×	19.5×-4.0×
Price / sales	3.1×-1.6×	4.7×-0.1×	4.8×-0.5×	5.2×+0.6×	4.6×-1.2×
Price / book	7.2×-2.7×	9.9×-0.1×	10×+1.5×	8.5×+1.2×	7.3×-1.2×
EV / EBITDA	26.3×-17.5×	43.7×+0.2×	43.5×-1.7×	45.2×+4.5×	40.7×-1.9×
EV / sales	2.8×-1.7×	4.5×0.0×	4.5×-0.4×	4.9×+0.7×	4.3×-0.2×
Free cash flow yield	7.5%+2.6pp	4.9%-0.5pp	5.4%+0.6pp	4.8%-1.0pp	5.9%+0.9pp
Earnings yield	1.2%+0.5pp	0.7%-1.6pp	2.3%-0.2pp	2.5%-2.6pp	5.1%+0.9pp

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Questions, answered.

What are BlackLine's profit margins?: BlackLine (BL) runs a 75.4% gross margin and a 3.9% operating margin, with a 3.7% net margin.
Where do BlackLine's ratios come from?: Every ratio is computed from BlackLine's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.