Blackline Inc (BL)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 161,174 | 126,826 | 121,511 | 75,670 | 58,110 | 47,345 | 16,434 | -26,386 | -33,086 | -81,400 | -76,153 | -89,628 | -115,161 | -95,136 | -90,010 | -72,896 | -46,775 | -38,976 | -39,603 | -36,496 |
| Revenue (ttm) | US$ in thousands | 653,336 | 639,606 | 624,405 | 608,473 | 589,996 | 574,223 | 557,783 | 541,686 | 522,938 | 498,307 | 473,441 | 447,086 | 425,706 | 406,090 | 387,217 | 368,367 | 352,109 | 336,657 | 321,053 | 307,445 |
| Net profit margin | 24.67% | 19.83% | 19.46% | 12.44% | 9.85% | 8.25% | 2.95% | -4.87% | -6.33% | -16.34% | -16.09% | -20.05% | -27.05% | -23.43% | -23.25% | -19.79% | -13.28% | -11.58% | -12.34% | -11.87% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $161,174K ÷ $653,336K
= 24.67%
The net profit margin of Blackline Inc has shown a noticeable improvement over the past few quarters. Starting from negative margins in March 2020 to December 2022, the company experienced consistent losses, with the margin fluctuating between -11.87% and -27.05%. However, the trend shifted in the first quarter of 2023 when the net profit margin improved to -4.87%, and this positive momentum continued into the subsequent quarters.
By June 2024, Blackline Inc managed to achieve a net profit margin of 19.46%, significantly outperforming the previous quarters. This positive trend continued in the following quarters, with the net profit margin reaching 24.67% by December 2024.
Overall, the company displayed a remarkable turnaround in its net profitability over the review period, transitioning from consistent losses to achieving a strong positive net profit margin by the end of December 2024. This improvement suggests that Blackline Inc has implemented effective strategies to enhance its profitability and operational efficiency during the period under consideration.
Peer comparison
Dec 31, 2024