12 years of historical data (2013–2024) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BlackLine, Inc. trades at 24.3x earnings, 62% below its 5-year average of 63.7x, sitting at the 0th percentile of its historical range. This is roughly in line with the Technology sector median P/E of 25.2x. On a free-cash-flow basis, the stock trades at 11.7x P/FCF, 89% below the 5-year average of 109.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $4.5B | $4.5B | $4.0B | $6.0B | $7.6B | $2.9B | $2.2B | $1.7B | $1.2B | — |
| Enterprise Value | $2.2B | $4.5B | $5.6B | $5.2B | $6.6B | $7.6B | $3.1B | $2.2B | $1.7B | $1.2B | — |
| P/E Ratio → | 24.31 | 41.90 | 85.53 | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.39 | 6.84 | 7.62 | 7.66 | 14.19 | 21.55 | 9.87 | 9.69 | 9.66 | 9.54 | — |
| P/B Ratio | 5.36 | 9.24 | 15.46 | 29.50 | 17.08 | 17.44 | 7.07 | 6.77 | 5.81 | 4.03 | — |
| P/FCF | 11.73 | 23.67 | 45.43 | 155.05 | 106.31 | 214.67 | 142.39 | 528.03 | — | — | — |
| P/OCF | 11.60 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
BlackLine, Inc.'s enterprise value stands at 32.6x EBITDA, 99% below its 5-year average of 2592.2x. The Technology sector median is 15.7x, placing the stock at a 107% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.88 | 9.56 | 9.95 | 15.59 | 21.70 | 10.84 | 9.49 | 9.49 | 9.37 | — |
| EV / EBITDA | 32.59 | 65.28 | 87.48 | — | — | 7623.75 | — | — | — | — | — |
| EV / EBIT | 121.11 | 33.69 | 84.90 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 23.83 | 56.94 | 201.52 | 116.77 | 216.12 | 156.35 | 516.99 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
BlackLine, Inc. earns an operating margin of 2.8%. Operating margins have expanded from -10.7% to 2.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 41.6% is exceptionally high. ROIC of 1.4% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2% | 75.2% | 75.1% | 75.3% | 77.0% | 80.4% | 79.6% | 77.7% | 76.6% | 75.5% | 72.8% |
| Operating Margin | 2.8% | 2.8% | 2.4% | -10.7% | -9.1% | -5.7% | -9.7% | -13.1% | -19.8% | -27.6% | -41.6% |
| Net Profit Margin | 24.7% | 24.7% | 9.0% | -5.6% | -27.1% | -13.3% | -11.3% | -12.2% | -21.5% | -31.8% | -29.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 41.6% | 41.6% | 24.8% | -12.0% | -29.2% | -11.2% | -8.9% | -9.0% | -13.0% | -17.1% | -14.1% |
| ROA | 8.2% | 8.2% | 2.6% | -1.6% | -7.9% | -4.4% | -4.3% | -5.9% | -8.8% | -11.1% | -8.6% |
| ROIC | 1.4% | 1.4% | 0.8% | -3.7% | -4.0% | -2.6% | -4.3% | -8.2% | -9.8% | -11.3% | -14.3% |
| ROCE | 1.3% | 1.3% | 0.9% | -3.7% | -3.3% | -2.4% | -4.9% | -9.3% | -11.4% | -12.9% | -15.4% |
Solvency and debt-coverage ratios — lower is generally safer
BlackLine, Inc. carries a Debt/EBITDA ratio of 13.3x, which is highly leveraged (349% above the sector average of 3.0x). Net debt stands at $31M ($917M total debt minus $886M cash). Interest coverage of just 2.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.90 | 1.90 | 4.85 | 10.32 | 3.20 | 0.96 | 0.99 | — | 0.00 | 0.00 | 0.18 |
| Debt / EBITDA | 13.31 | 13.31 | 21.89 | — | — | 418.12 | — | — | — | — | — |
| Net Debt / Equity | — | 0.06 | 3.92 | 8.84 | 1.68 | 0.12 | 0.69 | -0.14 | -0.10 | -0.07 | 0.09 |
| Net Debt / EBITDA | 0.45 | 0.45 | 17.68 | — | — | 51.07 | — | — | — | — | — |
| Debt / FCF | — | 0.16 | 11.51 | 46.47 | 10.45 | 1.45 | 13.96 | -11.05 | — | — | — |
| Interest Coverage | 2.12 | 2.12 | 2.43 | -9.61 | -0.61 | -0.85 | -3.23 | -7459.00 | -2696.92 | -5.72 | -10.83 |
Short-term solvency ratios and asset-utilisation metrics
BlackLine, Inc.'s current ratio of 2.59x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 3.40x to 2.59x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.59 | 2.59 | 2.19 | 3.40 | 4.18 | 2.78 | 3.49 | 1.39 | 1.42 | 1.51 | 0.65 |
| Quick Ratio | 2.59 | 2.59 | 2.19 | 3.40 | 4.18 | 2.78 | 3.49 | 1.39 | 1.42 | 1.51 | 0.65 |
| Cash Ratio | 2.10 | 2.10 | 1.87 | 2.92 | 3.72 | 2.24 | 2.94 | 0.83 | 0.82 | 0.97 | 0.20 |
| Asset Turnover | — | 0.36 | 0.28 | 0.27 | 0.23 | 0.32 | 0.28 | 0.46 | 0.40 | 0.29 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 99.52 | 106.17 | 105.30 | 107.29 | 115.47 | 129.88 | 120.02 | 127.66 | 125.38 | 105.80 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BlackLine, Inc. returns 0.8% to shareholders annually primarily through share buybacks. The earnings yield of 4.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.1% | 2.4% | 1.2% | — | — | — | — | — | — | — | — |
| FCF Yield | 8.5% | 4.2% | 2.2% | 0.6% | 0.9% | 0.5% | 0.7% | 0.2% | — | — | — |
| Buyback Yield | 0.8% | 0.4% | 0.3% | 0.2% | 0.3% | 0.1% | 0.1% | 0.2% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.8% | 0.4% | 0.3% | 0.2% | 0.3% | 0.1% | 0.1% | 0.2% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $74M | $72M | $60M | $58M | $57M | $55M | $54M | $52M | $42M | $49M |
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 | 24.3 | 32.6 | 11.7 | 75.2% | 2.8% | 41.6% | 1.4% | 13.3 |
| INTU | $114B | 29.9 | 20.6 | 18.8 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
| FICO | $33B | 53.1 | 38.8 | 43.5 | 82.2% | 46.5% | — | 59.7% | 3.3 |
| SSNC | $18B | 23.9 | 12.6 | 11.0 | 48.2% | 22.9% | 11.8% | 10.8% | 0.2 |
| GWRE | $12B | 179.4 | 189.7 | 41.6 | 62.5% | 3.4% | 5.0% | 2.3% | 11.0 |
| FRGE | $8B | -8.3 | — | — | -43.3% | -103.7% | -26.8% | -45.6% | — |
| QTWO | $3B | 60.1 | 74.9 | 15.5 | 54.1% | 5.0% | 8.8% | 4.5% | 8.7 |
| SPNS | $2B | 33.7 | 22.1 | 33.6 | 45.0% | 16.8% | 15.5% | 17.4% | 0.6 |
| NCNO | $2B | -48.9 | 111.3 | 35.8 | 60.1% | -3.4% | -3.5% | -1.2% | 13.0 |
| ALKT | $2B | -36.0 | — | 42.4 | 57.8% | -12.1% | -13.3% | -8.6% | — |
| UPBD | $1B | 9.7 | 8.1 | 25.6 | 48.1% | 6.7% | 20.8% | 10.4% | 4.6 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonBlackLine, Inc.'s current P/E ratio is 24.3x. The historical average is 63.7x.
BlackLine, Inc.'s current EV/EBITDA is 32.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 76.4x.
BlackLine, Inc.'s return on equity (ROE) is 41.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -5.5%.
Based on historical data, BlackLine, Inc. is trading at a P/E of 24.3x. Compare with industry peers and growth rates for a complete picture.
BlackLine, Inc. has 75.2% gross margin and 2.8% operating margin.
BlackLine, Inc.'s Debt/EBITDA ratio is 13.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.