Blackline Inc (BL)
Operating profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 14,348 | 4,811 | -15,534 | -46,147 | -56,198 | -75,664 | -48,294 | -45,273 | -38,614 | -29,618 | -37,605 | -31,259 | -19,891 | -17,436 | -23,261 | -25,913 | -27,899 | -31,586 | -28,746 | -31,599 |
| Revenue (ttm) | US$ in thousands | 583,654 | 567,879 | 551,446 | 535,362 | 517,277 | 494,103 | 454,609 | 414,043 | 371,779 | 352,163 | 343,114 | 334,191 | 333,571 | 318,119 | 305,795 | 297,928 | 285,842 | 267,900 | 254,715 | 240,505 |
| Operating profit margin | 2.46% | 0.85% | -2.82% | -8.62% | -10.86% | -15.31% | -10.62% | -10.93% | -10.39% | -8.41% | -10.96% | -9.35% | -5.96% | -5.48% | -7.61% | -8.70% | -9.76% | -11.79% | -11.29% | -13.14% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $14,348K ÷ $583,654K
= 2.46%
The operating profit margin of Blackline Inc has shown fluctuations over the past five years, ranging from a low of -15.31% in September 2022 to a high of 2.46% in December 2023. The company experienced negative operating profit margins for multiple quarters, indicating that the cost of generating revenue exceeded the operating income during those periods.
Overall, Blackline Inc has struggled to maintain consistently positive operating profit margins, which is a key indicator of efficiency and profitability in its core business operations. Moving forward, it would be important for the company to focus on cost management strategies and revenue generation to improve its operating profit margin and enhance overall financial performance.
Peer comparison
Dec 31, 2023