Blackline Inc (BL)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 18,536 | 14,348 | -37,720 | -38,614 | -15,389 |
| Revenue | US$ in thousands | 653,336 | 589,996 | 522,938 | 425,706 | 351,737 |
| Operating profit margin | 2.84% | 2.43% | -7.21% | -9.07% | -4.38% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $18,536K ÷ $653,336K
= 2.84%
Blackline Inc's operating profit margin has shown fluctuations over the years. In December 31, 2020, the company reported a negative operating profit margin of -4.38%. This margin decreased further to -9.07% by December 31, 2021, indicating a decline in profitability. However, there was a slight improvement in the operating profit margin to -7.21% by December 31, 2022.
The company began to turn around its profitability in December 31, 2023, as the operating profit margin turned positive at 2.43%, indicating a successful operational performance. This positive trend continued into December 31, 2024, with an improved operating profit margin of 2.84%.
Overall, the recent years have shown a positive trend in Blackline Inc's operating profit margin, reflecting improving operational efficiency and better cost management. It would be important to monitor this trend in the future to ensure sustained profitability and financial health.
Peer comparison
Dec 31, 2024