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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and CAMTEK LTD (CAMT). Click either name above to swap in a different company.

BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $242.0M, roughly 1.7× CAMTEK LTD). CAMTEK LTD runs the higher net margin — 28.1% vs -0.6%, a 28.7% gap on every dollar of revenue.

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.

Camtek Ltd is a leading global developer and manufacturer of high-precision inspection and metrology systems for the semiconductor, printed circuit board, and advanced packaging industries. Its solutions support process control, defect detection, and yield optimization for clients across Asia, North America, and Europe.

BILL vs CAMT — Head-to-Head

Bigger by revenue
BILL
BILL
1.7× larger
BILL
$414.7M
$242.0M
CAMT
Higher net margin
CAMT
CAMT
28.7% more per $
CAMT
28.1%
-0.6%
BILL

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
BILL
BILL
CAMT
CAMT
Revenue
$414.7M
$242.0M
Net Profit
$-2.6M
$68.0M
Gross Margin
79.8%
50.9%
Operating Margin
-4.4%
26.7%
Net Margin
-0.6%
28.1%
Revenue YoY
14.4%
Net Profit YoY
-107.7%
EPS (diluted)
$-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.

Revenue
BILL
BILL
CAMT
CAMT
Q4 25
$414.7M
Q3 25
$395.7M
Q2 25
$383.3M
$242.0M
Q1 25
$358.2M
Q4 24
$362.6M
Q3 24
$358.4M
Q2 24
$343.7M
$199.6M
Q1 24
$323.0M
Net Profit
BILL
BILL
CAMT
CAMT
Q4 25
$-2.6M
Q3 25
$-3.0M
Q2 25
$-7.1M
$68.0M
Q1 25
$-11.6M
Q4 24
$33.5M
Q3 24
$8.9M
Q2 24
$7.6M
$52.8M
Q1 24
$31.8M
Gross Margin
BILL
BILL
CAMT
CAMT
Q4 25
79.8%
Q3 25
80.5%
Q2 25
80.8%
50.9%
Q1 25
81.2%
Q4 24
81.6%
Q3 24
82.0%
Q2 24
81.0%
48.1%
Q1 24
83.0%
Operating Margin
BILL
BILL
CAMT
CAMT
Q4 25
-4.4%
Q3 25
-5.2%
Q2 25
-5.8%
26.7%
Q1 25
-8.1%
Q4 24
-6.0%
Q3 24
-2.1%
Q2 24
-6.5%
23.6%
Q1 24
-8.6%
Net Margin
BILL
BILL
CAMT
CAMT
Q4 25
-0.6%
Q3 25
-0.7%
Q2 25
-1.8%
28.1%
Q1 25
-3.2%
Q4 24
9.3%
Q3 24
2.5%
Q2 24
2.2%
26.4%
Q1 24
9.8%
EPS (diluted)
BILL
BILL
CAMT
CAMT
Q4 25
$-0.03
Q3 25
$-0.03
Q2 25
$0.02
Q1 25
$-0.11
Q4 24
$-0.06
Q3 24
$0.08
Q2 24
$0.37
Q1 24
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BILL
BILL
CAMT
CAMT
Cash + ST InvestmentsLiquidity on hand
$1.1B
$232.0M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$3.8B
$626.5M
Total Assets
$10.1B
$974.7M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BILL
BILL
CAMT
CAMT
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.0B
$232.0M
Q1 25
$1.0B
Q4 24
$1.6B
Q3 24
$853.5M
Q2 24
$985.9M
$109.8M
Q1 24
$952.5M
Total Debt
BILL
BILL
CAMT
CAMT
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
$1.1B
Stockholders' Equity
BILL
BILL
CAMT
CAMT
Q4 25
$3.8B
Q3 25
$3.9B
Q2 25
$3.9B
$626.5M
Q1 25
$3.9B
Q4 24
$3.8B
Q3 24
$4.0B
Q2 24
$4.1B
$475.4M
Q1 24
$4.1B
Total Assets
BILL
BILL
CAMT
CAMT
Q4 25
$10.1B
Q3 25
$10.2B
Q2 25
$10.1B
$974.7M
Q1 25
$9.6B
Q4 24
$9.7B
Q3 24
$9.0B
Q2 24
$9.2B
$796.2M
Q1 24
$9.1B
Debt / Equity
BILL
BILL
CAMT
CAMT
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
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BILL
BILL
CAMT
CAMT
Operating Cash FlowLast quarter
$105.3M
$47.1M
Free Cash FlowOCF − Capex
$103.8M
FCF MarginFCF / Revenue
25.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.69×
TTM Free Cash FlowTrailing 4 quarters
$378.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BILL
BILL
CAMT
CAMT
Q4 25
$105.3M
Q3 25
$96.9M
Q2 25
$83.8M
$47.1M
Q1 25
$99.5M
Q4 24
$78.7M
Q3 24
$88.6M
Q2 24
$78.6M
$70.1M
Q1 24
$66.8M
Free Cash Flow
BILL
BILL
CAMT
CAMT
Q4 25
$103.8M
Q3 25
$95.6M
Q2 25
$81.0M
Q1 25
$98.4M
Q4 24
$78.3M
Q3 24
$88.6M
Q2 24
$78.4M
Q1 24
$66.8M
FCF Margin
BILL
BILL
CAMT
CAMT
Q4 25
25.0%
Q3 25
24.1%
Q2 25
21.1%
Q1 25
27.5%
Q4 24
21.6%
Q3 24
24.7%
Q2 24
22.8%
Q1 24
20.7%
Capex Intensity
BILL
BILL
CAMT
CAMT
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.7%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
BILL
BILL
CAMT
CAMT
Q4 25
Q3 25
Q2 25
0.69×
Q1 25
Q4 24
2.35×
Q3 24
9.94×
Q2 24
10.35×
1.33×
Q1 24
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BILL
BILL

Accounts Payable And Accounts Receivable Solutions$185.9M45%
Spend And Expense Interchange Revenue$166.5M40%
Interest On Funds Held For Customers$39.5M10%
Embedded And Other Solutions$22.8M5%

CAMT
CAMT

Segment breakdown not available.

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