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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and BILL Holdings, Inc. (BILL). Click either name above to swap in a different company.
Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $414.7M, roughly 1.9× BILL Holdings, Inc.). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs -0.6%, a 18.2% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 14.4%). Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $103.8M).
Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.
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.
ATAT vs BILL — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $789.6M | $414.7M |
| Net Profit | $139.1M | $-2.6M |
| Gross Margin | — | 79.8% |
| Operating Margin | 22.5% | -4.4% |
| Net Margin | 17.6% | -0.6% |
| Revenue YoY | 252.5% | 14.4% |
| Net Profit YoY | 322.2% | -107.7% |
| EPS (diluted) | $0.33 | $-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 | — | $414.7M | ||
| Q3 25 | $789.6M | $395.7M | ||
| Q2 25 | — | $383.3M | ||
| Q1 25 | — | $358.2M | ||
| Q4 24 | — | $362.6M | ||
| Q3 24 | $224.0M | $358.4M | ||
| Q2 24 | — | $343.7M | ||
| Q1 24 | $203.4M | $323.0M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $139.1M | $-3.0M | ||
| Q2 25 | — | $-7.1M | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | $33.0M | $8.9M | ||
| Q2 24 | — | $7.6M | ||
| Q1 24 | $35.6M | $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 | — | -4.4% | ||
| Q3 25 | 22.5% | -5.2% | ||
| Q2 25 | — | -5.8% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | 14.7% | -2.1% | ||
| Q2 24 | — | -6.5% | ||
| Q1 24 | 22.1% | -8.6% |
| Q4 25 | — | -0.6% | ||
| Q3 25 | 17.6% | -0.7% | ||
| Q2 25 | — | -1.8% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 14.7% | 2.5% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 17.5% | 9.8% |
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.33 | $-0.03 | ||
| Q2 25 | — | $0.02 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | $0.08 | $0.08 | ||
| Q2 24 | — | $0.37 | ||
| Q1 24 | $0.09 | $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 | $669.2M | $1.1B |
| Total DebtLower is stronger | — | $1.8B |
| Stockholders' EquityBook value | $405.0M | $3.8B |
| Total Assets | $1.1B | $10.1B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $669.2M | $1.1B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $506.0M | $853.5M | ||
| Q2 24 | — | $985.9M | ||
| Q1 24 | $520.7M | $952.5M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $914.8M | ||
| Q2 24 | — | $914.0M | ||
| Q1 24 | $277.0K | $1.1B |
| Q4 25 | — | $3.8B | ||
| Q3 25 | $405.0M | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | $291.3M | $4.0B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | $323.5M | $4.1B |
| Q4 25 | — | $10.1B | ||
| Q3 25 | $1.1B | $10.2B | ||
| Q2 25 | — | $10.1B | ||
| Q1 25 | — | $9.6B | ||
| Q4 24 | — | $9.7B | ||
| Q3 24 | $927.8M | $9.0B | ||
| Q2 24 | — | $9.2B | ||
| Q1 24 | $936.3M | $9.1B |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.22× | ||
| Q1 24 | 0.00× | 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 | $216.6M | $105.3M |
| Free Cash FlowOCF − Capex | $210.7M | $103.8M |
| FCF MarginFCF / Revenue | 26.7% | 25.0% |
| Capex IntensityCapex / Revenue | 0.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 1.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | $359.6M | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $105.3M | ||
| Q3 25 | $216.6M | $96.9M | ||
| Q2 25 | — | $83.8M | ||
| Q1 25 | — | $99.5M | ||
| Q4 24 | — | $78.7M | ||
| Q3 24 | $84.8M | $88.6M | ||
| Q2 24 | — | $78.6M | ||
| Q1 24 | $19.8M | $66.8M |
| Q4 25 | — | $103.8M | ||
| Q3 25 | $210.7M | $95.6M | ||
| Q2 25 | — | $81.0M | ||
| Q1 25 | — | $98.4M | ||
| Q4 24 | — | $78.3M | ||
| Q3 24 | $83.3M | $88.6M | ||
| Q2 24 | — | $78.4M | ||
| Q1 24 | $18.1M | $66.8M |
| Q4 25 | — | 25.0% | ||
| Q3 25 | 26.7% | 24.1% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 37.2% | 24.7% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | 8.9% | 20.7% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 0.8% | 0.3% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.7% | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 0.9% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | 2.57× | 9.94× | ||
| Q2 24 | — | 10.35× | ||
| Q1 24 | 0.56× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATAT
Segment breakdown not available.
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% |
