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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and BILL Holdings, Inc. (BILL). Click either name above to swap in a different company.
Allegiant Travel CO is the larger business by last-quarter revenue ($595.5M vs $414.7M, roughly 1.4× BILL Holdings, Inc.). Allegiant Travel CO runs the higher net margin — 5.4% vs -0.6%, a 6.0% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 7.6%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $90.4M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 1.3%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
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.
ALGT vs BILL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $414.7M |
| Net Profit | $31.9M | $-2.6M |
| Gross Margin | — | 79.8% |
| Operating Margin | 11.2% | -4.4% |
| Net Margin | 5.4% | -0.6% |
| Revenue YoY | 7.6% | 14.4% |
| Net Profit YoY | 114.8% | -107.7% |
| EPS (diluted) | $1.82 | $-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.
| Q4 25 | $595.5M | $414.7M | ||
| Q3 25 | $494.1M | $395.7M | ||
| Q2 25 | $617.9M | $383.3M | ||
| Q1 25 | $616.8M | $358.2M | ||
| Q4 24 | $553.6M | $362.6M | ||
| Q3 24 | $489.0M | $358.4M | ||
| Q2 24 | $594.5M | $343.7M | ||
| Q1 24 | $579.9M | $323.0M |
| Q4 25 | $31.9M | $-2.6M | ||
| Q3 25 | $-43.6M | $-3.0M | ||
| Q2 25 | $-65.2M | $-7.1M | ||
| Q1 25 | $32.1M | $-11.6M | ||
| Q4 24 | $-216.2M | $33.5M | ||
| Q3 24 | $-36.8M | $8.9M | ||
| Q2 24 | $13.7M | $7.6M | ||
| Q1 24 | $-919.0K | $31.8M |
| 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 24 | — | 83.0% |
| Q4 25 | 11.2% | -4.4% | ||
| Q3 25 | -5.5% | -5.2% | ||
| Q2 25 | -10.9% | -5.8% | ||
| Q1 25 | 10.5% | -8.1% | ||
| Q4 24 | -47.7% | -6.0% | ||
| Q3 24 | -5.4% | -2.1% | ||
| Q2 24 | 5.9% | -6.5% | ||
| Q1 24 | 2.7% | -8.6% |
| Q4 25 | 5.4% | -0.6% | ||
| Q3 25 | -8.8% | -0.7% | ||
| Q2 25 | -10.5% | -1.8% | ||
| Q1 25 | 5.2% | -3.2% | ||
| Q4 24 | -39.1% | 9.3% | ||
| Q3 24 | -7.5% | 2.5% | ||
| Q2 24 | 2.3% | 2.2% | ||
| Q1 24 | -0.2% | 9.8% |
| Q4 25 | $1.82 | $-0.03 | ||
| Q3 25 | $-2.41 | $-0.03 | ||
| Q2 25 | $-3.62 | $0.02 | ||
| Q1 25 | $1.73 | $-0.11 | ||
| Q4 24 | $-12.12 | $-0.06 | ||
| Q3 24 | $-2.05 | $0.08 | ||
| Q2 24 | $0.75 | $0.37 | ||
| Q1 24 | $-0.07 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $1.1B |
| Total DebtLower is stronger | $1.7B | $1.8B |
| Stockholders' EquityBook value | $1.1B | $3.8B |
| Total Assets | $4.2B | $10.1B |
| Debt / EquityLower = less leverage | 1.60× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $805.7M | $1.1B | ||
| Q3 25 | $956.7M | $1.1B | ||
| Q2 25 | $842.8M | $1.0B | ||
| Q1 25 | $878.6M | $1.0B | ||
| Q4 24 | $781.1M | $1.6B | ||
| Q3 24 | $759.3M | $853.5M | ||
| Q2 24 | $791.9M | $985.9M | ||
| Q1 24 | $809.9M | $952.5M |
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.8B | $914.8M | ||
| Q2 24 | $1.7B | $914.0M | ||
| Q1 24 | $1.8B | $1.1B |
| Q4 25 | $1.1B | $3.8B | ||
| Q3 25 | $1.0B | $3.9B | ||
| Q2 25 | $1.1B | $3.9B | ||
| Q1 25 | $1.1B | $3.9B | ||
| Q4 24 | $1.1B | $3.8B | ||
| Q3 24 | $1.3B | $4.0B | ||
| Q2 24 | $1.3B | $4.1B | ||
| Q1 24 | $1.3B | $4.1B |
| Q4 25 | $4.2B | $10.1B | ||
| Q3 25 | $4.4B | $10.2B | ||
| Q2 25 | $4.4B | $10.1B | ||
| Q1 25 | $4.5B | $9.6B | ||
| Q4 24 | $4.4B | $9.7B | ||
| Q3 24 | $4.8B | $9.0B | ||
| Q2 24 | $4.9B | $9.2B | ||
| Q1 24 | $4.9B | $9.1B |
| Q4 25 | 1.60× | 0.48× | ||
| Q3 25 | 1.76× | 0.48× | ||
| Q2 25 | 1.68× | 0.44× | ||
| Q1 25 | 1.57× | 0.43× | ||
| Q4 24 | 1.48× | 0.44× | ||
| Q3 24 | 1.36× | 0.23× | ||
| Q2 24 | 1.30× | 0.22× | ||
| Q1 24 | 1.35× | 0.28× |
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 | $112.2M | $105.3M |
| Free Cash FlowOCF − Capex | $90.4M | $103.8M |
| FCF MarginFCF / Revenue | 15.2% | 25.0% |
| Capex IntensityCapex / Revenue | 3.7% | 0.4% |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.2M | $105.3M | ||
| Q3 25 | $-6.1M | $96.9M | ||
| Q2 25 | $92.2M | $83.8M | ||
| Q1 25 | $191.4M | $99.5M | ||
| Q4 24 | $84.4M | $78.7M | ||
| Q3 24 | $17.3M | $88.6M | ||
| Q2 24 | $68.9M | $78.6M | ||
| Q1 24 | $167.8M | $66.8M |
| Q4 25 | $90.4M | $103.8M | ||
| Q3 25 | $-121.7M | $95.6M | ||
| Q2 25 | $-10.5M | $81.0M | ||
| Q1 25 | $116.9M | $98.4M | ||
| Q4 24 | $24.0M | $78.3M | ||
| Q3 24 | $-28.7M | $88.6M | ||
| Q2 24 | $7.0M | $78.4M | ||
| Q1 24 | $35.9M | $66.8M |
| Q4 25 | 15.2% | 25.0% | ||
| Q3 25 | -24.6% | 24.1% | ||
| Q2 25 | -1.7% | 21.1% | ||
| Q1 25 | 19.0% | 27.5% | ||
| Q4 24 | 4.3% | 21.6% | ||
| Q3 24 | -5.9% | 24.7% | ||
| Q2 24 | 1.2% | 22.8% | ||
| Q1 24 | 6.2% | 20.7% |
| Q4 25 | 3.7% | 0.4% | ||
| Q3 25 | 23.4% | 0.3% | ||
| Q2 25 | 16.6% | 0.7% | ||
| Q1 25 | 12.1% | 0.3% | ||
| Q4 24 | 10.9% | 0.1% | ||
| Q3 24 | 9.4% | 0.0% | ||
| Q2 24 | 10.4% | 0.1% | ||
| Q1 24 | 22.7% | 0.0% |
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | — | 9.94× | ||
| Q2 24 | 5.03× | 10.35× | ||
| Q1 24 | — | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
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% |
