BL
BlackLine, Inc.
BL's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over BL overall, supported by stronger fundamentals and stronger modeled upside.
BL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Healthy |
BL's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
BL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $28.48 | — |
| Cheap | 41x | $26.87 | -5.7% |
| Current | 44x | $28.48 | — |
| Fair | 68x | $44.36 | +56% |
| Expensive | 95x | $61.45 | +116% |
Historical ranges are pointers, not guarantees.
BL has the edge over MU in the historical PE scenario, which offers more potential upside but is not a forecast.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 4.6x next year's earnings.
BL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BL, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
BL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.66 | +310% |
| Q3 2026 | $0.65 | -41% |
| Q2 2026 | $0.56 | -57% |
| Q1 2024 | $1.18 | +$1.70 |
| Q4 2023 | $0.81 | +$1.30 |
| Q3 2023 | $0.64 | +$1.96 |
| Q2 2023 | $0.11 | +$1.32 |
| Q1 2023 | -$0.52 | +$0.95 |
| Q4 2022 | -$0.49 | +$1.48 |
BL's earnings per share have fallen from their peak: $0.65 over the past year, against $1.29 in mid-2025.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU has the edge over BL on earnings, with more consistent year-over-year improvement.
BL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $193.4M | +8.5% |
| Q2 2026 | $187.8M | +9.2% |
| Q1 2026 | $183.2M | +9.7% |
| Q4 2025 | $183.2M | +8.1% |
| Q3 2025 | $178.3M | +7.5% |
| Q2 2025 | $172M | +7.2% |
| Q1 2025 | $166.9M | +6% |
| Q4 2024 | $169.5M | +8.8% |
BL's revenue has grown year over year every quarter since late 2020: $193M last quarter, up 8.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.7% | +4.4 points |
| Q2 2026 | 5.8% | +1.5 points |
| Q1 2026 | 3.4% | +1.3 points |
| Q4 2025 | 3.7% | +0.1 points |
| Q3 2025 | 4.3% | -0.8 points |
| Q2 2025 | 4.4% | +3 points |
| Q1 2025 | 2.1% | +1 points |
| Q4 2024 | 3.7% | -4.6 points |
BL's operating margin was 8.7% last quarter, up 4.4 points from the same quarter a year ago, near the top of its range since 2019.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over BL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over BL on profitability, with a higher operating margin.
BL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $64.5M | +1.9% |
| Q2 2026 | $43.1M | +37% |
| Q1 2026 | $44.2M | +8.3% |
| Q4 2025 | $26.1M | -39% |
| Q3 2025 | $63.3M | +14% |
| Q2 2025 | $31.4M | -22% |
| Q1 2025 | $40.8M | -19% |
| Q4 2024 | $43M | +7.2% |
BL generated $178M in free cash flow over the past year, about the same as the year before.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over BL on cash flow, with more consistent year-over-year improvement.
BL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -741K shares |
| 1 year | +7.3% | +4.6M shares |
| 3 years | -5.5% | -4M shares |
| 5 years | +16% | +9.6M shares |
| Available history | +23% | +12.5M shares |
BL has 68M diluted shares, up 7.3% from a year ago, despite $158M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $38.7M |
| Q2 2026 | $38.5M |
| Q1 2026 | $46M |
| Q4 2025 | $34.8M |
| Q3 2025 | $111.9M |
| Q2 2025 | $43.3M |
| Q1 2025 | $45.5M |
BL spent $158M buying back its own shares over the past year.
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has the edge over BL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
BL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.4x | Net Cash |
| Q2 2026 | -3.0x | Net Cash |
| Q1 2026 | -3.2x | Net Cash |
| Q4 2025 | -5.4x | Net Cash |
| Q3 2025 | -5.9x | Net Cash |
| Q2 2025 | -6.2x | Net Cash |
| Q1 2025 | -6.9x | Net Cash |
| Q4 2024 | -12.9x | Net Cash |
BL has the edge over MU on leverage, with a lower net debt burden relative to earnings.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has more cash than debt.
BL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 40.7 | Neutral |
BL's weekly RSI is 45 (neutral) and its Stochastic is 41 (neutral).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
BL PE vs Technology Sector
| Metric | BL | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 28x | 57% above |
| PE % | 22 | 35 | 13 pts below |
BL is trading at 44x earnings, a 57% premium to the Technology sector's median of 28x.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over BL on valuation relative to its sector.
BL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.7 | 4.2% below |
| 20 week MA | $30.1 | 5.3% below |
| 50 week MA | $35.8 | 20% below |
| 100 week MA | $44.8 | 36% below |
| 200 week MA | $51.0 | 44% below |
BL is in a downtrend: it's below all five of its weekly moving averages, and 44% below its 200-week average.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has the edge over BL on trend strength, trading above more of its moving averages.
BL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $52.4 | $137.8 | +163% |
| 2021 | $137.8 | $103.9 | -25% |
| 2022 | $103.9 | $65.8 | -37% |
| 2023 | $65.8 | $62.4 | -5.1% |
| 2024 | $62.4 | $61.2 | -2% |
| 2025 | $61.2 | $57.8 | -5.6% |
| 2026 YTD | $57.8 | $28.5 | -51% |
BL has finished five years in a row lower, and it's down 51% so far in 2026.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over BL on returns for 2026, with the stronger performance.