BlackLine, Inc. Financial Ratios — BL Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-8.64	-7.45	-7.58	-6.02	-4.31	-4.41	-7.86	-1.56	2.61	8.21	1.37
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.4	- -	2.99
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.52	- -	1.68
Gross Margin (%)	67.88	72.81	76.4	76.43	77.67	79.59	80.39	77.01	75.26	75.12	75.21	75.25
EBITDA Margin (%)	-9.14	-24.01	-4.5	-5.94	-3.29	-2.29	0.28	-2.7	-1.82	12.78	10.81	12.38
Operating Margin (%)	-35.18	-41.64	-18.11	-17.32	-13.1	-9.65	-5.66	-9.07	-10.01	4.29	3.1	5.74
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	115.82	-7.98	42.31
Pretax Margin (%)	-48.23	-45.99	-27.33	-18.7	-12.16	-10.53	-11	-23.69	-9.07	10.26	19.09	6.89
Profit Margin (%)	-32.42	-29.58	-20.57	-19.02	-12.61	-11.26	-13.34	-27.05	-5.62	8.95	24.67	3.5
Net Income to Common Margin (%)	-32.42	-29.58	-20.57	-19.02	-12.61	-11.26	-13.34	-27.05	-5.62	8.95	24.67	3.5
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.4	- -	43.48
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	26	29	1	- -	- -	400	419	1,134	1,401	1,410	917	920
ST Debt	- -	1	1	- -	- -	5	4	5	7	254	4	234
LT Debt	26	28	- -	- -	- -	395	414	1,128	1,394	1,156	913	686
Total Debt/EBITDA	-5.43	-1.44	-0.17	-0.04	- -	-60.36	418.12	-98.7	-146.87	18.7	12.98	10.61
Net Debt/EBITDA	0.01	-0.65	3.84	2.98	6.16	-39.87	39.58	-50.02	-124.03	14.84	0.1	5.84
Total Debt/EBIT	-1.41	-0.83	-0.04	-0.01	- -	-14.33	-21.04	-29.36	-26.76	55.72	45.25	22.91
Net Debt/EBIT	- -	-0.38	0.95	1.02	1.55	-9.47	-1.99	-14.88	-22.6	44.2	0.33	12.59
EBITDA to Interest Expense	- -	-6.24	-0.97	-802.92	-1,875	-0.77	0.04	-0.18	-1.63	12.79	8.06	8.54
EBITDA-CapEx/Interest Expense	- -	-10.09	-1.81	-1,466.46	-3,446	-1.3	-0.34	-0.32	-3.51	11.78	7.82	7.75
EBIT to Interest Expense	- -	-10.83	-3.91	-2,339.15	-7,459	-3.23	-0.85	-0.61	-8.95	4.29	2.31	3.96
Interest Expense	- -	3	6	- -	- -	9	23	63	6	6	9	10
Common Equity/Total Assets	-8.06	-16.65	-20.65	-22.19	-26.82	-16.07	-18.06	-16.57	-14.01	-10.2	-2.65	-1.38
Long-Term Debt/Equity (%)	13.96	17.01	- -	- -	- -	97.88	95.35	318.97	1,027.07	397.45	188.97	184.67
Long-Term Debt/Capital (%)	966.6	-149.37	- -	- -	- -	163.37	180.18	131.02	120.95	94.29	100.92	73.34
Long-Term Debt/Total Assets (%)	8.99	9.86	- -	- -	- -	38.93	37.21	62.08	71.74	55.04	50.03	38.98
Total Debt/Equity (%)	13.96	17.35	0.34	0.14	- -	99.1	96.3	320.47	1,032.18	484.79	189.71	247.79
Total Debt/Capital (%)	966.6	-152.32	-1.16	-0.44	- -	165.41	181.98	131.64	121.55	115.01	101.31	98.41
Total Debt/Total Assets (%)	8.99	10.05	0.24	0.1	- -	39.42	37.59	62.37	72.1	67.14	50.22	52.31
Net Debt to Equity	-0.02	7.86	-7.59	-9.8	-14.27	65.45	9.12	162.41	871.62	384.52	1.4	136.23
Net Debt/Capital (%)	0.15	-38.27	20.49	23.4	26.52	217.34	-28.83	178.73	124.32	117.12	35.94	92.8
EBITDA	-5	-20	-6	-10	-8	-7	1	-11	-10	75	71	87
EBITDA-CapEx	-8	-32	-11	-19	-14	-11	-8	-20	-21	69	68	79
Operating Income (Loss)	-18	-35	-23	-30	-30	-28	-20	-39	-52	25	20	40

Liquidity (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.55	0.2	0.97	0.84	0.83	2.94	2.24	3.72	2.92	1.87	2.1	1.12
Current Ratio	1.02	0.65	1.51	1.4	1.39	3.49	2.78	4.18	3.4	2.19	2.59	1.47
Quick Ratio	0.93	0.53	1.36	1.3	1.3	3.43	2.7	4.1	3.33	2.14	2.52	1.43
CFO/Avg Current Liab	- -	0.02	-0.05	0.05	0.11	0.16	0.24	0.28	0.16	0.25	0.36	0.3
Common Equity/Total Assets	-8.06	-16.65	-20.65	-22.19	-26.82	-16.07	-18.06	-16.57	-14.01	-10.2	-2.65	-1.38
Long-Term Debt/Equity (%)	13.96	17.01	- -	- -	- -	97.88	95.35	318.97	1,027.07	397.45	188.97	184.67
Long-Term Debt/Capital (%)	966.6	-149.37	- -	- -	- -	163.37	180.18	131.02	120.95	94.29	100.92	73.34
Long-Term Debt/Total Assets (%)	8.99	9.86	- -	- -	- -	38.93	37.21	62.08	71.74	55.04	50.03	38.98
Total Debt/Equity (%)	13.96	17.35	0.34	0.14	- -	99.1	96.3	320.47	1,032.18	484.79	189.71	247.79
Total Debt/Capital (%)	966.6	-152.32	-1.16	-0.44	- -	165.41	181.98	131.64	121.55	115.01	101.31	98.41
Total Debt/Total Assets (%)	8.99	10.05	0.24	0.1	- -	39.42	37.59	62.37	72.1	67.14	50.22	52.31
CFO/Total Liabilities	8.8	0.83	-3.73	4.48	9.5	4.86	8.06	5.47	3.1	7	14.22	12.22
CFO/CapEx	3.12	0.08	-0.96	0.74	2.57	6.42	6.19	9.18	5.1	21.27	89.76	21
Altman's Z-Score	-0.77	-2.03	5.44	7.14	7.87	3.53	7.39	3.23	2.07	2.1	2.83	2.47

Working Capital (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	3.96	3.85	3.37	3.33	3.25	3.29	3.6	3.79	3.66	3.74	3.54
Days Sales Outstanding	- -	92.28	94.83	108.31	109.62	112.24	111.09	101.34	96.32	99.75	97.7	103.24
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	5.81	5.11	5.74	9.51	10.88	13.07	18.43	11.53	12.45	18.96	14.46
Accounts Payable Turnover Days	- -	62.78	71.36	63.59	38.37	33.55	27.92	19.8	31.64	29.32	19.25	25.25
Cash Conversion Cycle	- -	29.5	23.47	44.72	71.25	78.69	83.17	81.54	64.67	70.42	78.45	78
Inventory to Cash Days	- -	92.28	94.83	108.31	109.62	112.24	111.09	101.34	96.32	99.75	97.7	103.24
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	1,174	1,711	2,208	2,852	7,580	6,042	4,005	3,799	3,775	3,396
- Cash & Cash Equivalents	26	15	22	31	46	120	367	540	201	271	886	390
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	4	5	13	29	24	30	36	39
+ Total Debt	26	29	1	- -	- -	400	419	1,134	1,401	1,410	917	920
Enterprise Value	- -	14	1,070	1,599	2,080	2,649	7,469	6,005	4,355	4,035	3,842	3,578
Total Capital	3	-19	-86	-102	-128	242	230	861	1,153	1,226	905	935
Total Debt/Capital (%)	966.6	-152.32	-1.16	-0.44	- -	165.41	181.98	131.64	121.55	115.01	101.31	98.41
Total Debt / EV	-755.09	2.12	- -	- -	- -	0.15	0.06	0.19	0.32	0.35	0.24	0.26
EV/Sales	- -	0.16	8.36	9.1	9.13	9.17	21.23	14.11	8.33	6.84	5.88	5.11
EV/EBITDA	- -	- -	- -	- -	- -	- -	7,461.23	- -	- -	53.51	54.42	41.26
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	159.43	189.68	89.05
EV/Cash Flow to Firm	- -	4.43	- -	248.36	128.81	68.17	95.18	41.96	72.35	30.49	18.96	20.41
EV/Free Cash Flow to Firm	- -	0.88	229.93	106.14	92.72	60.91	85.54	39.55	61.2	29.17	18.77	19.51
Diluted Market Cap	- -	- -	1,174	1,711	2,208	2,852	7,580	6,042	4,005	4,498	4,466	3,645
Diluted Enterprise Value	- -	14	1,153	1,680	2,166	3,137	7,644	6,664	5,229	5,668	4,533	4,214
EV per Share	- -	0.28	25.18	30.65	38.57	47.89	131.42	102.92	73.15	66.32	61.84	58.24
TTM Sales	52	84	128	176	228	289	352	426	523	590	653	700
TTM EBITDA	-5	-20	-6	-10	-8	-7	1	-11	-10	75	71	87
TTM Operating Income	-18	-35	-23	-30	-30	-28	-20	-39	-52	25	20	40
TTM Cash Flow to Firm	9	3	- -	6	16	39	78	143	60	132	203	175
TTM Free Cash Flow to Firm	12	15	5	15	22	43	87	152	71	138	205	183

Multiples (USD)

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	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	6,312.93	113.68	98.45	83.02	119.22	68.02	59.79	33.93	23.14	20.52
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	159.43	189.68	89.05
Enterprise Value	- -	14	1,070	1,599	2,080	2,649	7,469	6,005	4,355	4,035	3,842	3,578
Low Price	- -	- -	21.66	25.95	31.53	38.4	38.32	95.16	48.73	47.26	43.37	40.82
EV/Sales	- -	0.16	8.36	9.1	9.13	9.17	21.23	14.11	8.33	6.84	5.88	5.11
EV/EBITDA	- -	- -	- -	- -	- -	- -	7,461.23	- -	- -	53.51	54.42	41.26
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	71.91	23.42	138.53
Price/Earnings Average	- -	- -	-41.25	-50.77	-80.78	-83.55	-97.42	-58.83	-140.93	67.85	21.61	135
Price/Earnings High	- -	- -	-46.42	-62.89	-109.1	-95.71	-171.81	-78.34	-211.98	89.72	26.72	165.99
Price/Earnings Low	- -	- -	-34.95	-40.52	-59.2	-65.29	-46.42	-48.22	-98.72	54.44	16.72	102.27
Price/Book Value	- -	- -	-13.52	-16.73	-16.68	-17.49	-37.7	-20.06	-14.71	-17.74	-78.06	-140.24
Price/Book Value Average	- -	- -	-12.51	-16.59	-17.53	-16.67	-22.73	-22.5	-15.21	-16.74	-72.03	-136.67
Price/Book Value High	- -	- -	-14.08	-20.55	-23.67	-19.1	-40.08	-29.96	-22.87	-22.13	-89.04	-168.04
Price/Book Value Low	- -	- -	-10.6	-13.24	-12.84	-13.03	-10.83	-18.44	-10.65	-13.43	-55.72	-103.54
Price/Tangible Book Value	- -	- -	24.69	20.24	21.71	15.04	94.58	1,410.61	-9.29	-13.82	-53.33	-17.58
Price/Tangible Book Value Average	- -	- -	22.84	20.06	22.81	14.34	57.02	1,581.95	-9.61	-13.04	-49.21	-17.13
Price/Tangible Book Value High	- -	- -	25.71	24.85	30.8	16.42	100.56	2,106.39	-14.45	-17.24	-60.84	-21.06
Price/Tangible Book Value Low	- -	- -	19.35	16.01	16.71	11.2	27.17	1,296.46	-6.73	-10.46	-38.07	-12.98
Price/Sales	- -	- -	9.17	9.74	9.69	9.87	21.55	14.19	7.66	6.44	5.78	4.85
Price/Sales Average	- -	- -	8.48	9.66	10.18	9.41	12.99	15.92	7.92	6.08	5.33	4.73
Price/Sales High	- -	- -	9.55	11.96	13.75	10.78	22.91	21.19	11.91	8.03	6.59	5.81
Price/Sales Low	- -	- -	7.19	7.71	7.46	7.35	6.19	13.04	5.55	4.87	4.12	3.58
Price/Cash Flow	- -	- -	-244.22	266.33	136.78	95.96	138.49	75.43	71.5	30.01	19.78	20.03
Price/Cash Flow Average	- -	- -	-225.93	264.02	143.71	91.45	83.49	84.6	73.95	28.31	18.25	19.52
Price/Cash Flow High	- -	- -	-254.3	327.06	194.1	104.76	147.25	112.64	111.23	37.44	22.56	24
Price/Cash Flow Low	- -	- -	-191.45	210.71	105.32	71.47	39.79	69.33	51.8	22.72	14.12	14.79
Price/Free Cash Flow Average	- -	- -	5,840.18	112.7	103.44	79.12	71.88	76.28	61.83	32.02	21.36	20
Price/Free Cash Flow High	- -	- -	6,573.4	139.6	139.71	90.64	126.77	101.57	93.01	42.34	26.4	24.58
Price/Free Cash Flow Low	- -	- -	4,948.9	89.94	75.8	61.83	34.25	62.52	43.31	25.69	16.52	15.15
EV/Sales Average	- -	0.16	8.32	9.48	10	10.39	13.17	17.38	10.26	8.06	5.43	5.54
EV/Sales High	- -	0.16	9.38	11.79	13.57	11.76	23.1	22.65	14.25	10.02	6.69	6.62
EV/Sales Low	- -	0.16	7.02	7.53	7.28	8.34	6.37	14.51	7.89	6.86	4.23	4.39
EV/EBITDA Average	0.01	-0.68	-184.95	-159.55	-303.7	-453.26	4,628.99	-644.09	-562.44	63.04	50.29	44.74
EV/EBITDA High	0.01	-0.68	-208.63	-198.35	-412.14	-512.98	8,115.44	-839.65	-781.3	78.36	61.94	53.5
EV/EBITDA Low	0.01	-0.68	-156.17	-126.74	-221.07	-363.6	2,239.21	-537.64	-432.41	53.65	39.12	35.49
EV/EBIT Average	- -	-0.39	-45.95	-54.77	-76.34	-107.63	-232.95	-191.59	-102.49	187.83	175.29	96.56
EV/EBIT High	- -	-0.39	-51.83	-68.08	-103.6	-121.82	-408.4	-249.76	-142.38	233.47	215.9	115.47
EV/EBIT Low	- -	-0.39	-38.79	-43.5	-55.57	-86.34	-112.69	-159.92	-78.8	159.82	136.34	76.59
Last Price	- -	- -	27.63	32.8	40.95	51.56	133.38	103.54	67.27	62.44	60.76	55.29
High Price	- -	- -	28.77	40.28	58.11	56.29	141.82	154.61	104.64	77.9	69.31	66.25
Enterprise Value Average	- -	14	1,065	1,665	2,278	3,003	4,634	7,398	5,366	4,754	3,551	3,879
Enterprise Value High	- -	14	1,202	2,070	3,091	3,399	8,124	9,644	7,454	5,910	4,373	4,639
Enterprise Value Low	- -	14	899	1,323	1,658	2,409	2,241	6,175	4,126	4,045	2,762	3,077

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	49	49	51	53	55	56	58	59	60	62	63	60
Diluted Weighted Avg Shares	49	49	42	52	54	55	57	58	60	72	74	66
Basic Weighted Avg Shares	49	49	42	52	54	55	57	58	60	61	62	61
Revenue per Share	1.05	1.69	3.01	3.37	4.23	5.22	6.19	7.3	8.78	9.7	10.52	11.4
EBITDA per Share	-0.1	-0.41	-0.14	-0.2	-0.14	-0.12	0.02	-0.2	-0.16	1.24	1.14	1.41
Operating Income per Share	-0.37	-0.71	-0.55	-0.58	-0.55	-0.5	-0.35	-0.66	-0.88	0.42	0.33	0.65
Basic EPS, GAAP	-0.34	-0.5	-0.62	-0.64	-0.53	-0.59	-0.83	-1.97	-0.49	0.87	2.59	0.4
Basic EPS from Cont Ops	-0.34	-0.5	-0.62	-0.64	-0.53	-0.58	-0.69	-1.73	-0.57	0.97	2.7	0.44
Diluted EPS, GAAP	-0.34	-0.5	-0.62	-0.64	-0.53	-0.59	-0.83	-1.97	-0.49	0.73	2.19	0.37
Diluted EPS from Cont Ops	-0.34	-0.5	-0.62	-0.64	-0.53	-0.58	-0.69	-1.73	-0.57	0.82	2.28	0.41
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.18	0.02	-0.11	0.12	0.3	0.54	0.96	1.37	0.94	2.08	3.07	2.76
Free Cash Flow per Basic Share	0.12	-0.23	-0.23	-0.04	0.18	0.45	0.81	1.22	0.76	1.98	3.04	2.63
Cash & Equivalents per Share	0.52	0.31	2.48	2.16	2.46	10.99	9.55	20.54	18.06	19.79	14.26	12.67
Book Value per Share	-0.47	-0.97	-2.04	-1.96	-2.45	-2.95	-3.54	-5.16	-4.57	-3.52	-0.78	-0.39
Tangible Book Value per Share	-1.01	-1.15	1.12	1.62	1.89	3.43	1.41	0.07	-7.24	-4.52	-1.14	-3.15

BlackLine, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)