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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and BILL Holdings, Inc. (BILL). Click either name above to swap in a different company.
Acadia Healthcare Company, Inc. is the larger business by last-quarter revenue ($829.0M vs $414.7M, roughly 2.0× BILL Holdings, Inc.). Acadia Healthcare Company, Inc. runs the higher net margin — 0.5% vs -0.6%, a 1.2% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 7.5%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 2.0%).
Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
ACHC vs BILL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $829.0M | $414.7M |
| Net Profit | $4.5M | $-2.6M |
| Gross Margin | — | 79.8% |
| Operating Margin | — | -4.4% |
| Net Margin | 0.5% | -0.6% |
| Revenue YoY | 7.5% | 14.4% |
| Net Profit YoY | -50.8% | -107.7% |
| EPS (diluted) | $0.05 | $-0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $829.0M | — | ||
| Q4 25 | $821.5M | $414.7M | ||
| Q3 25 | $851.6M | $395.7M | ||
| Q2 25 | $869.2M | $383.3M | ||
| Q1 25 | $770.5M | $358.2M | ||
| Q4 24 | $774.2M | $362.6M | ||
| Q3 24 | $815.6M | $358.4M | ||
| Q2 24 | $796.0M | $343.7M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $-1.2B | $-2.6M | ||
| Q3 25 | $36.2M | $-3.0M | ||
| Q2 25 | $30.1M | $-7.1M | ||
| Q1 25 | $8.4M | $-11.6M | ||
| Q4 24 | $32.6M | $33.5M | ||
| Q3 24 | $68.1M | $8.9M | ||
| Q2 24 | $78.5M | $7.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 79.8% | ||
| Q3 25 | — | 80.5% | ||
| Q2 25 | — | 80.8% | ||
| Q1 25 | — | 81.2% | ||
| Q4 24 | — | 81.6% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 81.0% |
| Q1 26 | — | — | ||
| Q4 25 | -142.4% | -4.4% | ||
| Q3 25 | 4.7% | -5.2% | ||
| Q2 25 | 5.8% | -5.8% | ||
| Q1 25 | 1.7% | -8.1% | ||
| Q4 24 | 4.9% | -6.0% | ||
| Q3 24 | 12.1% | -2.1% | ||
| Q2 24 | 13.4% | -6.5% |
| Q1 26 | 0.5% | — | ||
| Q4 25 | -143.3% | -0.6% | ||
| Q3 25 | 4.3% | -0.7% | ||
| Q2 25 | 3.5% | -1.8% | ||
| Q1 25 | 1.1% | -3.2% | ||
| Q4 24 | 4.2% | 9.3% | ||
| Q3 24 | 8.4% | 2.5% | ||
| Q2 24 | 9.9% | 2.2% |
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-12.98 | $-0.03 | ||
| Q3 25 | $0.40 | $-0.03 | ||
| Q2 25 | $0.33 | $0.02 | ||
| Q1 25 | $0.09 | $-0.11 | ||
| Q4 24 | $0.36 | $-0.06 | ||
| Q3 24 | $0.74 | $0.08 | ||
| Q2 24 | $0.85 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $158.5M | $1.1B |
| Total DebtLower is stronger | $2.5B | $1.8B |
| Stockholders' EquityBook value | $2.0B | $3.8B |
| Total Assets | $5.5B | $10.1B |
| Debt / EquityLower = less leverage | 1.29× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $158.5M | — | ||
| Q4 25 | $133.2M | $1.1B | ||
| Q3 25 | $118.7M | $1.1B | ||
| Q2 25 | $131.4M | $1.0B | ||
| Q1 25 | $91.2M | $1.0B | ||
| Q4 24 | $76.3M | $1.6B | ||
| Q3 24 | $82.1M | $853.5M | ||
| Q2 24 | $77.2M | $985.9M |
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $1.8B | ||
| Q3 25 | $2.3B | $1.9B | ||
| Q2 25 | $2.3B | $1.7B | ||
| Q1 25 | $2.2B | $1.7B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $1.9B | $914.8M | ||
| Q2 24 | $1.8B | $914.0M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $3.1B | $3.9B | ||
| Q2 25 | $3.1B | $3.9B | ||
| Q1 25 | $3.0B | $3.9B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $3.0B | $4.0B | ||
| Q2 24 | $3.0B | $4.1B |
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.5B | $10.1B | ||
| Q3 25 | $6.4B | $10.2B | ||
| Q2 25 | $6.3B | $10.1B | ||
| Q1 25 | $6.1B | $9.6B | ||
| Q4 24 | $6.0B | $9.7B | ||
| Q3 24 | $5.9B | $9.0B | ||
| Q2 24 | $5.7B | $9.2B |
| Q1 26 | 1.29× | — | ||
| Q4 25 | 1.28× | 0.48× | ||
| Q3 25 | 0.74× | 0.48× | ||
| Q2 25 | 0.74× | 0.44× | ||
| Q1 25 | 0.72× | 0.43× | ||
| Q4 24 | 0.64× | 0.44× | ||
| Q3 24 | 0.62× | 0.23× | ||
| Q2 24 | 0.62× | 0.22× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $61.5M | $105.3M |
| Free Cash FlowOCF − Capex | — | $103.8M |
| FCF MarginFCF / Revenue | — | 25.0% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 13.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.5M | — | ||
| Q4 25 | $-86.3M | $105.3M | ||
| Q3 25 | $73.2M | $96.9M | ||
| Q2 25 | $133.5M | $83.8M | ||
| Q1 25 | $11.5M | $99.5M | ||
| Q4 24 | $116.7M | $78.7M | ||
| Q3 24 | $163.1M | $88.6M | ||
| Q2 24 | $171.1M | $78.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-179.5M | $103.8M | ||
| Q3 25 | $-63.0M | $95.6M | ||
| Q2 25 | $-34.2M | $81.0M | ||
| Q1 25 | $-163.2M | $98.4M | ||
| Q4 24 | $-86.8M | $78.3M | ||
| Q3 24 | $-27.1M | $88.6M | ||
| Q2 24 | $16.9M | $78.4M |
| Q1 26 | — | — | ||
| Q4 25 | -21.8% | 25.0% | ||
| Q3 25 | -7.4% | 24.1% | ||
| Q2 25 | -3.9% | 21.1% | ||
| Q1 25 | -21.2% | 27.5% | ||
| Q4 24 | -11.2% | 21.6% | ||
| Q3 24 | -3.3% | 24.7% | ||
| Q2 24 | 2.1% | 22.8% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 0.4% | ||
| Q3 25 | 16.0% | 0.3% | ||
| Q2 25 | 19.3% | 0.7% | ||
| Q1 25 | 22.7% | 0.3% | ||
| Q4 24 | 26.3% | 0.1% | ||
| Q3 24 | 23.3% | 0.0% | ||
| Q2 24 | 19.4% | 0.1% |
| Q1 26 | 13.78× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 3.58× | 2.35× | ||
| Q3 24 | 2.39× | 9.94× | ||
| Q2 24 | 2.18× | 10.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACHC
| Acute Inpatient Psychiatric Facilities | $471.0M | 57% |
| Other | $140.0M | 17% |
| Specialty Treatment Facilities | $128.0M | 15% |
| Residential Treatment Facilities | $90.0M | 11% |
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
