BL
BlackLine, Inc.
BL's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA 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.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA'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's PE is in its cheap range at 44x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA has the edge over BL in the historical PE scenario, which offers more potential upside but is not a forecast.
BL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BL has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
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.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA 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.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over BL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA 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.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA 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.
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has the edge over BL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
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 NVDA on leverage, with a lower net debt burden relative to earnings.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
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).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
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.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA 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.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA 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.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA has the edge over BL on returns for 2026, with the stronger performance.