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BlackLine Valuation Multiples
Discover revenue and EBITDA valuation multiples for BlackLine and similar public comparables like Vertex, Money Forward, 74Software, Fujian Boss Software and more.
BlackLine Overview
About BlackLine
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company’s solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
Founded
2001
HQ
Employees
1.8K
Website
Financials (LTM)
EV
$2B
BlackLine Financials
BlackLine reported last 12-month revenue of $720M and EBITDA of $201M.
In the same LTM period, BlackLine generated $574M in gross profit, $201M in EBITDA, and $163M in net income.
Revenue (LTM)
BlackLine P&L
In the most recent fiscal year, BlackLine reported revenue of $700M and EBITDA of $193M.
BlackLine expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $720M | XXX | $700M | XXX | XXX | XXX |
| Gross Profit | $574M | XXX | $527M | XXX | XXX | XXX |
| Gross Margin | 80% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | $201M | XXX | $193M | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $163M | XXX | $157M | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $506M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
BlackLine Stock Performance
BlackLine has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
BlackLine's stock price is $31.50.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | -3.7% | XXX | XXX | XXX | $2.64 |
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Start Free TrialBlackLine Valuation Multiples
BlackLine trades at 2.8x EV/Revenue multiple, and 10.0x EV/EBITDA.
EV / Revenue (LTM)
BlackLine Financial Valuation Multiples
As of April 18, 2026, BlackLine has market cap of $2B and EV of $2B.
Equity research analysts estimate BlackLine's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
BlackLine has a P/E ratio of 11.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 2.8x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 10.0x | XXX | 10.4x | XXX | XXX | XXX |
| EV/EBIT | 12.3x | XXX | 12.9x | XXX | XXX | XXX |
| EV/Gross Profit | 3.5x | XXX | 3.8x | XXX | XXX | XXX |
| P/E | 11.5x | XXX | 11.9x | XXX | XXX | XXX |
| EV/FCF | 14.2x | XXX | 15.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified BlackLine Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
BlackLine Margins & Growth Rates
BlackLine's revenue in the last 12 month grew by 10%.
BlackLine's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.
BlackLine's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
BlackLine's rule of X is 52% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
BlackLine Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 52% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 33% | XXX | 37% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 13% | XXX | 16% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 70% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
BlackLine Public Comps
See public comps and valuation multiples for other Financial Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BlackLine | XXX | XXX | XXX | XXX | XXX | XXX |
| Vertex | XXX | XXX | XXX | XXX | XXX | XXX |
| Money Forward | XXX | XXX | XXX | XXX | XXX | XXX |
| 74Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Fujian Boss Software | XXX | XXX | XXX | XXX | XXX | XXX |
| Freee | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
BlackLine M&A Activity
BlackLine acquired XXX companies to date.
Last acquisition by BlackLine was on XXXXXXXX, XXXXX. BlackLine acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by BlackLine
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialBlackLine Investment Activity
BlackLine invested in XXX companies to date.
BlackLine made its latest investment on XXXXXXXX, XXXXX. BlackLine invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by BlackLine
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout BlackLine
| When was BlackLine founded? | BlackLine was founded in 2001. |
| Where is BlackLine headquartered? | BlackLine is headquartered in United States. |
| How many employees does BlackLine have? | As of today, BlackLine has over 1K employees. |
| Who is the CEO of BlackLine? | BlackLine's CEO is Therese Tucker. |
| Is BlackLine publicly listed? | Yes, BlackLine is a public company listed on Nasdaq. |
| What is the stock symbol of BlackLine? | BlackLine trades under BL ticker. |
| When did BlackLine go public? | BlackLine went public in 2016. |
| Who are competitors of BlackLine? | BlackLine main competitors are Vertex, Money Forward, 74Software, Fujian Boss Software. |
| What is the current market cap of BlackLine? | BlackLine's current market cap is $2B. |
| What is the current revenue of BlackLine? | BlackLine's last 12 months revenue is $720M. |
| What is the current revenue growth of BlackLine? | BlackLine revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of BlackLine? | Current revenue multiple of BlackLine is 2.8x. |
| Is BlackLine profitable? | Yes, BlackLine is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of BlackLine? | BlackLine's last 12 months EBITDA is $201M. |
| What is BlackLine's EBITDA margin? | BlackLine's last 12 months EBITDA margin is 28%. |
| What is the current EV/EBITDA multiple of BlackLine? | Current EBITDA multiple of BlackLine is 10.0x. |
| What is the current FCF of BlackLine? | BlackLine's last 12 months FCF is $143M. |
| What is BlackLine's FCF margin? | BlackLine's last 12 months FCF margin is 20%. |
| What is the current EV/FCF multiple of BlackLine? | Current FCF multiple of BlackLine is 14.2x. |
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