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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and BlueLinx Holdings Inc. (BXC). Click either name above to swap in a different company.
BlueLinx Holdings Inc. is the larger business by last-quarter revenue ($748.9M vs $414.7M, roughly 1.8× BILL Holdings, Inc.). BlueLinx Holdings Inc. runs the higher net margin — 0.2% vs -0.6%, a 0.8% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 0.2%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $52.7M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 2.5%).
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.
BlueLinx Holdings Inc. is a wholesale distributor of building and industrial products in the United States. Headquartered in Atlanta, Georgia, Shyam Reddy serves as its President and CEO.
BILL vs BXC — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $748.9M |
| Net Profit | $-2.6M | $1.7M |
| Gross Margin | 79.8% | 14.4% |
| Operating Margin | -4.4% | 1.3% |
| Net Margin | -0.6% | 0.2% |
| Revenue YoY | 14.4% | 0.2% |
| Net Profit YoY | -107.7% | -89.7% |
| EPS (diluted) | $-0.03 | $0.20 |
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 | $395.7M | $748.9M | ||
| Q2 25 | $383.3M | $780.1M | ||
| Q1 25 | $358.2M | $709.2M | ||
| Q4 24 | $362.6M | $710.6M | ||
| Q3 24 | $358.4M | $747.3M | ||
| Q2 24 | $343.7M | $768.4M | ||
| Q1 24 | $323.0M | $726.2M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $1.7M | ||
| Q2 25 | $-7.1M | $4.3M | ||
| Q1 25 | $-11.6M | $2.8M | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $8.9M | $16.0M | ||
| Q2 24 | $7.6M | $14.3M | ||
| Q1 24 | $31.8M | $17.5M |
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | 14.4% | ||
| Q2 25 | 80.8% | 15.3% | ||
| Q1 25 | 81.2% | 15.7% | ||
| Q4 24 | 81.6% | 15.9% | ||
| Q3 24 | 82.0% | 16.8% | ||
| Q2 24 | 81.0% | 15.9% | ||
| Q1 24 | 83.0% | 17.6% |
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | 1.3% | ||
| Q2 25 | -5.8% | 1.9% | ||
| Q1 25 | -8.1% | 1.5% | ||
| Q4 24 | -6.0% | 1.7% | ||
| Q3 24 | -2.1% | 3.2% | ||
| Q2 24 | -6.5% | 3.1% | ||
| Q1 24 | -8.6% | 3.8% |
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | 0.2% | ||
| Q2 25 | -1.8% | 0.6% | ||
| Q1 25 | -3.2% | 0.4% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 2.5% | 2.1% | ||
| Q2 24 | 2.2% | 1.9% | ||
| Q1 24 | 9.8% | 2.4% |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $0.20 | ||
| Q2 25 | $0.02 | $0.54 | ||
| Q1 25 | $-0.11 | $0.33 | ||
| Q4 24 | $-0.06 | $0.67 | ||
| Q3 24 | $0.08 | $1.87 | ||
| Q2 24 | $0.37 | $1.65 | ||
| Q1 24 | $0.00 | $2.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $429.4M |
| Total DebtLower is stronger | $1.8B | $598.5M |
| Stockholders' EquityBook value | $3.8B | $623.0M |
| Total Assets | $10.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.48× | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $429.4M | ||
| Q2 25 | $1.0B | $386.8M | ||
| Q1 25 | $1.0B | $449.0M | ||
| Q4 24 | $1.6B | $505.6M | ||
| Q3 24 | $853.5M | $526.3M | ||
| Q2 24 | $985.9M | $491.4M | ||
| Q1 24 | $952.5M | $481.3M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $598.5M | ||
| Q2 25 | $1.7B | $596.4M | ||
| Q1 25 | $1.7B | $596.6M | ||
| Q4 24 | $1.7B | $575.1M | ||
| Q3 24 | $914.8M | $576.0M | ||
| Q2 24 | $914.0M | $574.6M | ||
| Q1 24 | $1.1B | $574.0M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.9B | $623.0M | ||
| Q2 25 | $3.9B | $621.3M | ||
| Q1 25 | $3.9B | $636.1M | ||
| Q4 24 | $3.8B | $646.4M | ||
| Q3 24 | $4.0B | $655.6M | ||
| Q2 24 | $4.1B | $652.3M | ||
| Q1 24 | $4.1B | $653.2M |
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | $1.6B | ||
| Q2 25 | $10.1B | $1.6B | ||
| Q1 25 | $9.6B | $1.6B | ||
| Q4 24 | $9.7B | $1.6B | ||
| Q3 24 | $9.0B | $1.6B | ||
| Q2 24 | $9.2B | $1.6B | ||
| Q1 24 | $9.1B | $1.6B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | 0.96× | ||
| Q2 25 | 0.44× | 0.96× | ||
| Q1 25 | 0.43× | 0.94× | ||
| Q4 24 | 0.44× | 0.89× | ||
| Q3 24 | 0.23× | 0.88× | ||
| Q2 24 | 0.22× | 0.88× | ||
| Q1 24 | 0.28× | 0.88× |
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 | $105.3M | $58.6M |
| Free Cash FlowOCF − Capex | $103.8M | $52.7M |
| FCF MarginFCF / Revenue | 25.0% | 7.0% |
| Capex IntensityCapex / Revenue | 0.4% | 0.8% |
| Cash ConversionOCF / Net Profit | — | 35.42× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $58.6M | ||
| Q2 25 | $83.8M | $-26.8M | ||
| Q1 25 | $99.5M | $-33.9M | ||
| Q4 24 | $78.7M | $18.7M | ||
| Q3 24 | $88.6M | $61.8M | ||
| Q2 24 | $78.6M | $35.8M | ||
| Q1 24 | $66.8M | $-31.1M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $52.7M | ||
| Q2 25 | $81.0M | $-36.4M | ||
| Q1 25 | $98.4M | $-39.8M | ||
| Q4 24 | $78.3M | $-1.5M | ||
| Q3 24 | $88.6M | $53.8M | ||
| Q2 24 | $78.4M | $29.3M | ||
| Q1 24 | $66.8M | $-36.6M |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 7.0% | ||
| Q2 25 | 21.1% | -4.7% | ||
| Q1 25 | 27.5% | -5.6% | ||
| Q4 24 | 21.6% | -0.2% | ||
| Q3 24 | 24.7% | 7.2% | ||
| Q2 24 | 22.8% | 3.8% | ||
| Q1 24 | 20.7% | -5.0% |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 0.8% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.1% | 2.9% | ||
| Q3 24 | 0.0% | 1.1% | ||
| Q2 24 | 0.1% | 0.8% | ||
| Q1 24 | 0.0% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | 35.42× | ||
| Q2 25 | — | -6.21× | ||
| Q1 25 | — | -12.09× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 3.86× | ||
| Q2 24 | 10.35× | 2.50× | ||
| Q1 24 | 2.10× | -1.78× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
