BL vs NAVN vs LZ Stock Comparison

Blackline, Navan and Legalzoom.Com Prices as of Oct 26, 2026 Peers: Industry group
BL Blackline, Inc.
$34.18 +22.1% 1M -35.0% 1Y
Market cap
$1.99B
P/E
81.7x
Revenue (TTM)
$732.45M
Div. yield
–
Accounting Software Technology
4 wins
NAVN Navan, Inc.
$27.20 +40.1% 1M
Market cap
$6.94B
P/E
–
Revenue (TTM)
$825.87M
Div. yield
–
Accounting Software Technology
2 wins
LZ Legalzoom.Com, Inc.
$7.06 +25.6% 1M -31.9% 1Y
Market cap
$1.11B
P/E
66.1x
Revenue (TTM)
$792.49M
Div. yield
–
Compliance Software Technology
4 wins

Head to Head

10 decided of 12

Legalzoom.Com leads on 4 of the 12 questions below (Legalzoom.Com 4, Blackline 4, Navan 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLNAVNLZLeader
Larger companyMarket capitalisation $1.99B $6.94B $1.11B NAVN
Cheaper on earningsLower P/E, profitable companies only 81.7x -20.0x 66.1x LZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.3x 108.8x 10.4x LZ
Faster revenue growthRevenue growth, trailing twelve months +8.6% +34.8% +12.3% NAVN
More profitableNet margin, trailing twelve months 3.3% -42.1% 2.1% BL
Better return on capitalReturn on invested capital 6.0% -16.5% — BL
Less leveragedLower net debt / EBITDA — 5.7x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -35.0% — -31.9% LZ
Better 5-year returnAnnualised price return, 5 years -22.5%/yr — -23.8%/yr BL
Less volatileAnnualised volatility, 1 year 54.3% 83.6% 64.4% BL
Higher overall scoreMean of the five percentile scores vs peers 66/100 42/100 67/100 LZ

Percentile Scorecard

BLNAVNLZ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLNAVNLZ
Valuation 77 #24 of 102 23 #79 of 102 85 #16 of 102
Growth 44 #55 of 98 56 #44 of 98 49 #51 of 98
Profitability 66 #33 of 95 27 #70 of 95 75 #25 of 95
Financial Health 57 #47 of 109 92 #10 of 109 38 #68 of 109
Shareholder Returns 86 #10 of 64 11 #57 of 64 91 #7 of 64
Overall 66 42 67
  • BL ranked among 115 companies in Business Applications
  • NAVN ranked among 115 companies in Business Applications
  • LZ ranked among 115 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLNAVNLZSPY
1 month +22.1%+40.1%+25.6% -0.8%
3 months +11.5%+5.5%-6.6% +3.5%
6 months +11.6%+70.9%+9.3% +7.0%
Year to date -38.2%+59.3%-28.9% +12.2%
1 year -35.0%—-31.9% +13.0%
3 years -30.2%—-30.9% +86.3%
3 years, per year -11.3%—-11.6% +23.1%
5 years -72.0%—-74.2% +68.6%
5 years, per year -22.5%—-23.8% +11.0%

Risk

MeasureBLNAVNLZSPY
Volatility, 1Y 54.3%83.6%64.4% 12.7%
Downside volatility, 1Y 57.4%87.8%77.7% 12.7%
Beta vs S&P 500, 1Y 0.551.210.56 1.00
Return / volatility, 1Y -0.64—-0.50 1.02
Max drawdown, 5Y -80.8%-58.0%-80.6% -25.4%
From 52-week high -41.9%-11.1%-35.4% -1.8%
52-week high $58.83$30.58$10.93 $779.14
52-week low $25.23$8.51$5.43 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLNAVNLZ
P/E now vs peer median 82.0xmedian 28.8x -20.1xmedian 28.8x 71.3xmedian 28.8x
P/S now vs peer median 2.7xmedian 2.8x 8.6xmedian 2.8x 1.5xmedian 2.8x
EV/EBITDA now vs peer median 17.7xmedian 17.7x -43.4xmedian 17.7x 13.1xmedian 17.7x
P/FCF now vs peer median 11.3xmedian 15.8x 155.3xmedian 15.8x 7.9xmedian 15.8x
P/B now vs peer median 6.3xmedian 3.2x 5.4xmedian 3.2x 9.3xmedian 3.2x
PEG now vs peer median 3.12median 0.85 —median 0.85 1.30median 0.85

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLNAVNLZ
Revenue $732.45M $825.87M $792.49M
Gross profit $553.46M $599.17M $528.61M
Operating income $31.66M -$212.41M $32.52M
Net income $39.20M -$347.77M $16.85M
Free cash flow $176.58M $45.52M $149.65M
R&D $117.37M $173.09M –
EPS (diluted) $0.36 $-1.36 $0.10
Cash & equivalents $242.90M $653.02M $167.23M
Total debt – $867.00K –
Shares (diluted) 68.56M 256.37M 171.64M
Enterprise value -$642.31M $3.89B $323.25M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLNAVNLZ
P/E 82.0x -20.1x 71.3x
P/FCF 11.3x 155.3x 7.9x
P/Operating cash flow 11.0x 149.5x 6.7x
P/S 2.7x 8.6x 1.5x
P/B 6.3x 5.4x 9.3x
P/Tangible book 7.3x 5.4x 10.5x
EV/EBITDA 17.7x -43.4x 13.1x
EV/EBIT 46.4x -29.4x 31.2x
EV/Revenue 2.0x 7.6x 1.3x
EV/FCF 8.3x 137.3x 6.8x
EV/Operating cash flow 8.1x 132.2x 5.8x
PEG (3Y EPS CAGR) 3.12 – 1.30

Growth

14 metrics
MetricBLNAVNLZ
Revenue growth (1Y) 8.6% 34.8% 12.3%
Revenue CAGR (3Y) 9.5% – 7.6%
Gross profit growth (1Y) 8.9% 38.5% 14.0%
Gross profit CAGR (3Y) 9.7% – 8.4%
Operating income growth (1Y) 23.2% -164.1% -7.7%
Operating income CAGR (3Y) 59.2% – 198.3%
Net income growth (1Y) -58.6% -84.6% -41.4%
Net income CAGR (3Y) 61.4% – 51.9%
EPS growth (1Y) -74.3% 66.5% -38.3%
EPS CAGR (3Y) 26.3% – 54.8%
Operating cash flow growth (1Y) 1.7% – 6.8%
Operating cash flow CAGR (3Y) 23.1% – 12.4%
Free cash flow growth (1Y) 3.4% – 14.4%
Free cash flow CAGR (3Y) 24.8% – 15.7%

Profitability

14 metrics
MetricBLNAVNLZ
Gross margin 75.6% 72.5% 66.7%
EBITDA margin 11.3% -17.4% 9.8%
Operating margin 4.3% -25.7% 4.1%
Pretax margin 6.5% -42.4% 4.8%
Net margin 3.3% -42.1% 2.1%
FCF margin 24.1% 5.5% 18.9%
Operating cash flow margin 24.8% 5.7% 22.1%
Return on equity 8.9% -27.3% 12.3%
Return on assets 1.9% -19.7% 3.5%
Return on invested capital 6.0% -16.5% –
Return on capital employed 3.1% -14.7% 20.2%
Asset turnover 0.5x 0.5x 1.7x
Cash conversion (OCF / net income) 4.6x -0.1x 10.4x
Stock comp / revenue 13.7% 27.3% 12.4%

Financial Health

11 metrics
MetricBLNAVNLZ
Debt / assets – 0.0% –
Debt / equity – 0.0x –
Net debt / EBITDA – 5.7x –
Debt / FCF – 0.0x –
Liabilities / assets 78.5% 27.4% 72.7%
Equity / assets 21.5% 72.6% 27.3%
Interest coverage 3.2x -8.5x 18.6x
Current ratio 1.7x 4.4x 0.7x
Quick ratio 1.7x 3.5x 0.6x
Cash ratio 1.2x 2.6x 0.5x
Altman Z-score 1.85 7.75 0.09

Shareholder Returns

7 metrics
MetricBLNAVNLZ
Dividend yield – – –
Net buyback yield 11.2% -11.4% 12.5%
Shareholder yield 11.2% -11.4% 12.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLNAVNLZ
Forward P/E 14.3xFY2026 108.8xFY2026 10.4xFY2026
EPS, next fiscal year $2.39FY2026 $0.25FY2026 $0.68FY2026
EPS growth, next FY +12.2%FY2026 – +9.7%FY2026
EPS growth, the year after +18.4% +56.0% +25.0%
Revenue, next fiscal year $716.51MFY2026 $960.63MFY2026 $847.19MFY2026
Revenue growth, next FY +2.3%FY2026 +36.8%FY2026 +12.1%FY2026
Revenue growth, the year after +24.0% +13.8% -6.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLNAVNLZ
Held by institutions 100.0% 66.6% 96.0%
Institutions holding 249 206 242
Change in shares held, QoQ -5.2% +12.5% -0.5%
Institutions buying 119 160 122
Institutions selling 91 31 97
Buyers to sellers 1.31 5.16 1.26

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLNAVNLZ
BL 1.00 0.35 0.51
NAVN 0.35 1.00 0.20
LZ 0.51 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BL, NAVN and LZ?

Navan (NAVN) is the largest by market capitalisation: Blackline (BL) $1.99B, Navan (NAVN) $6.94B, Legalzoom.Com (LZ) $1.11B.

Which stock is cheaper, BL, NAVN and LZ?

Legalzoom.Com (LZ) trades on the lowest price-to-earnings ratio (Blackline (BL) 81.7x, Navan (NAVN) -20.0x, Legalzoom.Com (LZ) 66.1x). On next year's consensus earnings, Legalzoom.Com (LZ) is cheapest (Blackline (BL) 14.3x, Navan (NAVN) 108.8x, Legalzoom.Com (LZ) 10.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Navan (NAVN) grew revenue fastest over the trailing twelve months: Blackline (BL) +8.6%, Navan (NAVN) +34.8%, Legalzoom.Com (LZ) +12.3%.

Which company is more profitable?

Blackline (BL) has the highest net margin (Blackline (BL) 3.3%, Navan (NAVN) -42.1%, Legalzoom.Com (LZ) 2.1%). On return on invested capital, Blackline (BL) leads (Blackline (BL) 6.0%, Navan (NAVN) -16.5%).

Which stock has performed better?

Over the past year Legalzoom.Com (LZ) returned the most: Blackline (BL) -35.0%, Legalzoom.Com (LZ) -31.9%. Over five years, Blackline (BL) compounded fastest (Blackline (BL) -22.5%/yr, Legalzoom.Com (LZ) -23.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Blackline (BL) has been the steadiest (Blackline (BL) 54.3%, Navan (NAVN) 83.6%, Legalzoom.Com (LZ) 64.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BL, NAVN and LZ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Legalzoom.Com (LZ) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.