BlackLine, Inc. (BL) Financial Ratios
13 years of historical data (2013–2025) · Technology · Software - Application
EV/EBITDA
↓
26.65
↓-62% vs avg
5yr avg: 69.73
30Y Low56.4·High87.5
P/FCF
↓
9.78
↓-86% vs avg
5yr avg: 71.00
30Y Low23.7·High155.1
P/B Ratio
↓
5.11
↓-69% vs avg
5yr avg: 16.39
30Y Low4.0·High29.5
ROE
↑
5.7%
-7% vs avg
5yr avg: 6.2%
30Y Low-29%·High42%
Debt/EBITDA
↓
11.76
↓-25% vs avg
5yr avg: 15.65
30Y Low11.8·High21.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BlackLine, Inc. trades at 68.0x earnings, 24% below its 5-year average of 89.7x, sitting at the 33rd percentile of its historical range. Compared to the Technology sector median P/E of 28.3x, the stock trades at a premium of 140%. On a free-cash-flow basis, the stock trades at 9.8x P/FCF, 86% below the 5-year average of 71.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $4.0B | $4.5B | $4.5B | $4.0B | $6.0B | $7.6B | $2.9B | $2.2B | $1.7B | $1.2B |
| Enterprise Value | $2.1B | $4.5B | $4.5B | $5.6B | $5.2B | $6.6B | $7.6B | $3.1B | $2.2B | $1.7B | $1.2B |
| P/E Ratio → | 68.00 | 141.77 | 41.90 | 85.53 | — | — | — | — | — | — | — |
| P/S Ratio | 2.26 | 5.65 | 6.84 | 7.62 | 7.66 | 14.19 | 21.55 | 9.87 | 9.69 | 9.66 | 9.54 |
| P/B Ratio | 5.11 | 10.66 | 9.24 | 15.46 | 29.50 | 17.08 | 17.44 | 7.07 | 6.77 | 5.81 | 4.03 |
| P/FCF | 9.78 | 24.51 | 23.67 | 45.43 | 155.05 | 106.31 | 214.67 | 142.39 | 528.03 | — | — |
| P/OCF | 9.32 | 23.35 | 23.40 | 35.53 | 71.50 | 75.43 | 138.49 | 95.96 | 136.78 | 266.33 | — |
P/E links to full P/E history page with 30-year chart
BL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BlackLine, Inc.'s enterprise value stands at 26.6x EBITDA, 62% below its 5-year average of 69.7x. The Technology sector median is 16.5x, placing the stock at a 61% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.44 | 6.88 | 9.56 | 9.95 | 15.59 | 21.70 | 10.84 | 9.49 | 9.49 | 9.37 |
| EV / EBITDA | 26.65 | 56.42 | 65.28 | 87.48 | — | — | 7623.75 | — | — | — | — |
| EV / EBIT | 63.79 | 76.38 | 33.69 | 84.90 | — | — | — | — | — | — | — |
| EV / FCF | — | 27.92 | 23.83 | 56.94 | 201.52 | 116.77 | 216.12 | 156.35 | 516.99 | — | — |
BL Profitability
Margins and return-on-capital ratios measuring operating efficiency
BlackLine, Inc. earns an operating margin of 4.8%. Operating margins have expanded from 2.4% to 4.8% over the past 3 years, signaling improving operational efficiency. ROE of 5.7% is modest. ROIC of 3.5% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2% | 75.2% | 75.2% | 75.1% | 75.3% | 77.0% | 80.4% | 79.6% | 77.7% | 76.6% | 75.5% |
| Operating Margin | 4.8% | 4.8% | 2.8% | 2.4% | -10.7% | -9.1% | -5.7% | -9.7% | -13.1% | -19.8% | -27.6% |
| Net Profit Margin | 3.5% | 3.5% | 24.7% | 9.0% | -5.6% | -27.1% | -13.3% | -11.3% | -12.2% | -21.5% | -31.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 41.6% | 24.8% | -12.0% | -29.2% | -11.2% | -8.9% | -9.0% | -13.0% | -17.1% |
| ROA | 1.4% | 1.4% | 8.2% | 2.6% | -1.6% | -7.9% | -4.4% | -4.3% | -5.9% | -8.8% | -11.1% |
| ROIC | 3.5% | 3.5% | 1.4% | 0.8% | -3.7% | -4.0% | -2.6% | -4.3% | -8.2% | -9.8% | -11.3% |
| ROCE | 2.7% | 2.7% | 1.3% | 0.9% | -3.7% | -3.3% | -2.4% | -4.9% | -9.3% | -11.4% | -12.9% |
BL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BlackLine, Inc. carries a Debt/EBITDA ratio of 11.8x, which is highly leveraged (300% above the sector average of 2.9x). Net debt stands at $550M ($940M total debt minus $390M cash). Interest coverage of 5.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.53 | 2.53 | 1.90 | 4.85 | 10.32 | 3.20 | 0.96 | 0.99 | — | 0.00 | 0.00 |
| Debt / EBITDA | 11.76 | 11.76 | 13.31 | 21.89 | — | — | 418.12 | — | — | — | — |
| Net Debt / Equity | — | 1.48 | 0.06 | 3.92 | 8.84 | 1.68 | 0.12 | 0.69 | -0.14 | -0.10 | -0.07 |
| Net Debt / EBITDA | 6.88 | 6.88 | 0.45 | 17.68 | — | — | 51.07 | — | — | — | — |
| Debt / FCF | — | 3.41 | 0.16 | 11.51 | 46.47 | 10.45 | 1.45 | 13.96 | -11.05 | — | — |
| Interest Coverage | 5.82 | 5.82 | 15.24 | 11.26 | -7.10 | -0.60 | -0.66 | -2.52 | -6925.00 | -2525.38 | -4.90 |
BL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.47x means BlackLine, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.19x to 1.47x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.47 | 1.47 | 2.59 | 2.19 | 3.40 | 4.18 | 2.78 | 3.49 | 1.39 | 1.42 | 1.51 |
| Quick Ratio | 1.47 | 1.47 | 2.59 | 2.19 | 3.40 | 4.18 | 2.78 | 3.49 | 1.39 | 1.42 | 1.51 |
| Cash Ratio | 1.12 | 1.12 | 2.10 | 1.87 | 2.92 | 3.72 | 2.24 | 2.94 | 0.83 | 0.82 | 0.97 |
| Asset Turnover | — | 0.40 | 0.36 | 0.28 | 0.27 | 0.23 | 0.32 | 0.28 | 0.46 | 0.40 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 113.65 | 99.52 | 106.17 | 105.30 | 107.29 | 115.47 | 129.88 | 120.02 | 127.66 | 125.38 |
BL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BlackLine, Inc. returns 14.9% to shareholders annually primarily through share buybacks. The earnings yield of 1.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.5% | 0.7% | 2.4% | 1.2% | — | — | — | — | — | — | — |
| FCF Yield | 10.2% | 4.1% | 4.2% | 2.2% | 0.6% | 0.9% | 0.5% | 0.7% | 0.2% | — | — |
| Buyback Yield | 14.9% | 5.9% | 0.4% | 0.3% | 0.2% | 0.3% | 0.1% | 0.1% | 0.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 14.9% | 5.9% | 0.4% | 0.3% | 0.2% | 0.3% | 0.1% | 0.1% | 0.2% | 0.0% | 0.0% |
| Shares Outstanding | — | $72M | $74M | $72M | $60M | $58M | $57M | $55M | $54M | $52M | $42M |
Peer Comparison
Compare BL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BLYou | $2B | 68.0 | 26.6 | 9.8 | 75.2% | 4.8% | 5.7% | 3.5% | 11.8 |
 APPF | $5B | 37.8 | 29.8 | 22.1 | 61.3% | 16.1% | 26.5% | 22.4% | 0.4 |
 FRSH | $3B | 14.6 | 27.7 | 10.4 | 85.0% | 1.6% | 16.9% | 2.0% | 0.9 |
 PCTY | $5B | 25.1 | 12.9 | 15.8 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 COUR | $916M | -17.5 | — | 8.5 | 54.6% | -10.3% | -8.3% | — | — |
 WDAY | $30B | 44.6 | 23.7 | 10.9 | 75.7% | 10.7% | 8.2% | 7.3% | 2.8 |
 INTU | $71B | 18.9 | 13.0 | 11.6 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 CSGP | $13B | 1822.9 | 72.0 | 312.8 | 75.2% | -2.2% | 0.1% | -0.9% | 6.7 |
 ORCL | $475B | 28.3 | 20.9 | — | 65.2% | 30.8% | 53.4% | 11.0% | 5.4 |
 SAP | $179B | 22.4 | 14.3 | 19.7 | 72.9% | 26.1% | 15.7% | 15.7% | 0.7 |
 CRM | $126B | 19.7 | 10.8 | 8.7 | 77.7% | 21.5% | 12.4% | 10.1% | 1.4 |
| Technology Median | — | 28.3 | 16.5 | 19.0 | 49.0% | -0.2% | 1.7% | 2.6% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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BL — Frequently Asked Questions
Quick answers to the most common questions about buying BL stock.
What is BlackLine, Inc.'s P/E ratio?
BlackLine, Inc.'s current P/E ratio is 68.0x. The historical average is 89.7x. This places it at the 33th percentile of its historical range.
What is BlackLine, Inc.'s EV/EBITDA?
BlackLine, Inc.'s current EV/EBITDA is 26.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 69.7x.
What is BlackLine, Inc.'s ROE?
BlackLine, Inc.'s return on equity (ROE) is 5.7%. The historical average is -4.6%.
Is BL stock overvalued?
Based on historical data, BlackLine, Inc. is trading at a P/E of 68.0x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are BlackLine, Inc.'s profit margins?
BlackLine, Inc. has 75.2% gross margin and 4.8% operating margin.
How much debt does BlackLine, Inc. have?
BlackLine, Inc.'s Debt/EBITDA ratio is 11.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.