vs
Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and CATHAY GENERAL BANCORP (CATY). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $222.8M, roughly 1.9× CATHAY GENERAL BANCORP). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs -0.6%, a 654.0% gap on every dollar of revenue. On growth, CATHAY GENERAL BANCORP posted the faster year-over-year revenue change (19.5% vs 14.4%). CATHAY GENERAL BANCORP produced more free cash flow last quarter ($363.7M vs $103.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 12.8%).
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.
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
BILL vs CATY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $222.8M |
| Net Profit | $-2.6M | $90.5M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 50.9% |
| Net Margin | -0.6% | 653.4% |
| Revenue YoY | 14.4% | 19.5% |
| Net Profit YoY | -107.7% | 12.9% |
| EPS (diluted) | $-0.03 | $1.33 |
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 | $222.8M | ||
| Q3 25 | $395.7M | $210.6M | ||
| Q2 25 | $383.3M | $196.6M | ||
| Q1 25 | $358.2M | $187.8M | ||
| Q4 24 | $362.6M | $186.5M | ||
| Q3 24 | $358.4M | $189.5M | ||
| Q2 24 | $343.7M | $178.5M | ||
| Q1 24 | $323.0M | $175.2M |
| Q4 25 | $-2.6M | $90.5M | ||
| Q3 25 | $-3.0M | $77.7M | ||
| Q2 25 | $-7.1M | $77.5M | ||
| Q1 25 | $-11.6M | $69.5M | ||
| Q4 24 | $33.5M | $80.2M | ||
| Q3 24 | $8.9M | $67.5M | ||
| Q2 24 | $7.6M | $66.8M | ||
| Q1 24 | $31.8M | $71.4M |
| 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% | 50.9% | ||
| Q3 25 | -5.2% | 44.5% | ||
| Q2 25 | -5.8% | 49.0% | ||
| Q1 25 | -8.1% | 46.1% | ||
| Q4 24 | -6.0% | 46.5% | ||
| Q3 24 | -2.1% | 41.2% | ||
| Q2 24 | -6.5% | 40.7% | ||
| Q1 24 | -8.6% | 45.7% |
| Q4 25 | -0.6% | 653.4% | ||
| Q3 25 | -0.7% | 36.9% | ||
| Q2 25 | -1.8% | 39.4% | ||
| Q1 25 | -3.2% | 37.0% | ||
| Q4 24 | 9.3% | 587.9% | ||
| Q3 24 | 2.5% | 35.6% | ||
| Q2 24 | 2.2% | 37.4% | ||
| Q1 24 | 9.8% | 40.8% |
| Q4 25 | $-0.03 | $1.33 | ||
| Q3 25 | $-0.03 | $1.13 | ||
| Q2 25 | $0.02 | $1.10 | ||
| Q1 25 | $-0.11 | $0.98 | ||
| Q4 24 | $-0.06 | $1.11 | ||
| Q3 24 | $0.08 | $0.94 | ||
| Q2 24 | $0.37 | $0.92 | ||
| Q1 24 | $0.00 | $0.98 |
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 | — |
| Total DebtLower is stronger | $1.8B | $119.1M |
| Stockholders' EquityBook value | $3.8B | $2.9B |
| Total Assets | $10.1B | $24.2B |
| Debt / EquityLower = less leverage | 0.48× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | — | ||
| Q2 24 | $985.9M | — | ||
| Q1 24 | $952.5M | — |
| Q4 25 | $1.8B | $119.1M | ||
| Q3 25 | $1.9B | $119.1M | ||
| Q2 25 | $1.7B | $119.1M | ||
| Q1 25 | $1.7B | $119.1M | ||
| Q4 24 | $1.7B | $119.1M | ||
| Q3 24 | $914.8M | $119.1M | ||
| Q2 24 | $914.0M | $119.1M | ||
| Q1 24 | $1.1B | $119.1M |
| Q4 25 | $3.8B | $2.9B | ||
| Q3 25 | $3.9B | $2.9B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $3.9B | $2.9B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $4.0B | $2.8B | ||
| Q2 24 | $4.1B | $2.8B | ||
| Q1 24 | $4.1B | $2.8B |
| Q4 25 | $10.1B | $24.2B | ||
| Q3 25 | $10.2B | $24.1B | ||
| Q2 25 | $10.1B | $23.7B | ||
| Q1 25 | $9.6B | $23.2B | ||
| Q4 24 | $9.7B | $23.1B | ||
| Q3 24 | $9.0B | $23.3B | ||
| Q2 24 | $9.2B | $23.2B | ||
| Q1 24 | $9.1B | $23.4B |
| Q4 25 | 0.48× | 0.04× | ||
| Q3 25 | 0.48× | 0.04× | ||
| Q2 25 | 0.44× | 0.04× | ||
| Q1 25 | 0.43× | 0.04× | ||
| Q4 24 | 0.44× | 0.04× | ||
| Q3 24 | 0.23× | 0.04× | ||
| Q2 24 | 0.22× | 0.04× | ||
| Q1 24 | 0.28× | 0.04× |
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 | $368.6M |
| Free Cash FlowOCF − Capex | $103.8M | $363.7M |
| FCF MarginFCF / Revenue | 25.0% | 163.2% |
| Capex IntensityCapex / Revenue | 0.4% | 2.2% |
| Cash ConversionOCF / Net Profit | — | 4.07× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $672.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $368.6M | ||
| Q3 25 | $96.9M | $150.6M | ||
| Q2 25 | $83.8M | $64.0M | ||
| Q1 25 | $99.5M | $99.0M | ||
| Q4 24 | $78.7M | $329.2M | ||
| Q3 24 | $88.6M | $81.2M | ||
| Q2 24 | $78.6M | $72.9M | ||
| Q1 24 | $66.8M | $88.2M |
| Q4 25 | $103.8M | $363.7M | ||
| Q3 25 | $95.6M | $150.1M | ||
| Q2 25 | $81.0M | $62.7M | ||
| Q1 25 | $98.4M | $96.3M | ||
| Q4 24 | $78.3M | $325.5M | ||
| Q3 24 | $88.6M | $80.0M | ||
| Q2 24 | $78.4M | $72.4M | ||
| Q1 24 | $66.8M | $87.3M |
| Q4 25 | 25.0% | 163.2% | ||
| Q3 25 | 24.1% | 71.3% | ||
| Q2 25 | 21.1% | 31.9% | ||
| Q1 25 | 27.5% | 51.2% | ||
| Q4 24 | 21.6% | 174.6% | ||
| Q3 24 | 24.7% | 42.2% | ||
| Q2 24 | 22.8% | 40.5% | ||
| Q1 24 | 20.7% | 49.8% |
| Q4 25 | 0.4% | 2.2% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.7% | 0.6% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.1% | 0.3% | ||
| Q1 24 | 0.0% | 0.5% |
| Q4 25 | — | 4.07× | ||
| Q3 25 | — | 1.94× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | 2.35× | 4.10× | ||
| Q3 24 | 9.94× | 1.20× | ||
| Q2 24 | 10.35× | 1.09× | ||
| Q1 24 | 2.10× | 1.23× |
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% |
CATY
Segment breakdown not available.
