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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Driven Brands Holdings Inc. (DRVN). Click either name above to swap in a different company.
Driven Brands Holdings Inc. is the larger business by last-quarter revenue ($535.7M vs $414.7M, roughly 1.3× BILL Holdings, Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -0.6%, a 12.0% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 6.6%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $39.5M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -4.0%).
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.
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
BILL vs DRVN — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $535.7M |
| Net Profit | $-2.6M | $60.9M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 11.6% |
| Net Margin | -0.6% | 11.4% |
| Revenue YoY | 14.4% | 6.6% |
| Net Profit YoY | -107.7% | 507.2% |
| EPS (diluted) | $-0.03 | $0.37 |
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 | $535.7M | ||
| Q2 25 | $383.3M | $551.0M | ||
| Q1 25 | $358.2M | $516.2M | ||
| Q4 24 | $362.6M | $836.5M | ||
| Q3 24 | $358.4M | $502.3M | ||
| Q2 24 | $343.7M | $518.8M | ||
| Q1 24 | $323.0M | $482.0M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $60.9M | ||
| Q2 25 | $-7.1M | $47.6M | ||
| Q1 25 | $-11.6M | $5.5M | ||
| Q4 24 | $33.5M | $-312.0M | ||
| Q3 24 | $8.9M | $-14.9M | ||
| Q2 24 | $7.6M | $30.2M | ||
| Q1 24 | $31.8M | $4.3M |
| 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 | -5.2% | 11.6% | ||
| Q2 25 | -5.8% | 6.9% | ||
| Q1 25 | -8.1% | 11.9% | ||
| Q4 24 | -6.0% | -41.6% | ||
| Q3 24 | -2.1% | 9.9% | ||
| Q2 24 | -6.5% | 17.4% | ||
| Q1 24 | -8.6% | 14.1% |
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | 11.4% | ||
| Q2 25 | -1.8% | 8.6% | ||
| Q1 25 | -3.2% | 1.1% | ||
| Q4 24 | 9.3% | -37.3% | ||
| Q3 24 | 2.5% | -3.0% | ||
| Q2 24 | 2.2% | 5.8% | ||
| Q1 24 | 9.8% | 0.9% |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $0.37 | ||
| Q2 25 | $0.02 | $0.29 | ||
| Q1 25 | $-0.11 | $0.04 | ||
| Q4 24 | $-0.06 | $-1.93 | ||
| Q3 24 | $0.08 | $-0.09 | ||
| Q2 24 | $0.37 | $0.18 | ||
| Q1 24 | $0.00 | $0.02 |
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 | $162.0M |
| Total DebtLower is stronger | $1.8B | $1.9B |
| Stockholders' EquityBook value | $3.8B | $793.5M |
| Total Assets | $10.1B | $4.2B |
| Debt / EquityLower = less leverage | 0.48× | 2.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $162.0M | ||
| Q2 25 | $1.0B | $166.1M | ||
| Q1 25 | $1.0B | $152.0M | ||
| Q4 24 | $1.6B | $149.6M | ||
| Q3 24 | $853.5M | $204.2M | ||
| Q2 24 | $985.9M | $148.8M | ||
| Q1 24 | $952.5M | $165.5M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $1.9B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.7B | $2.7B | ||
| Q3 24 | $914.8M | $2.7B | ||
| Q2 24 | $914.0M | $2.9B | ||
| Q1 24 | $1.1B | $2.9B |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.9B | $793.5M | ||
| Q2 25 | $3.9B | $743.4M | ||
| Q1 25 | $3.9B | $643.2M | ||
| Q4 24 | $3.8B | $607.3M | ||
| Q3 24 | $4.0B | $962.8M | ||
| Q2 24 | $4.1B | $942.8M | ||
| Q1 24 | $4.1B | $906.2M |
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | $4.2B | ||
| Q2 25 | $10.1B | $4.3B | ||
| Q1 25 | $9.6B | $5.3B | ||
| Q4 24 | $9.7B | $5.3B | ||
| Q3 24 | $9.0B | $5.8B | ||
| Q2 24 | $9.2B | $5.8B | ||
| Q1 24 | $9.1B | $5.9B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | 2.44× | ||
| Q2 25 | 0.44× | 2.82× | ||
| Q1 25 | 0.43× | 4.07× | ||
| Q4 24 | 0.44× | 4.37× | ||
| Q3 24 | 0.23× | 2.84× | ||
| Q2 24 | 0.22× | 3.03× | ||
| Q1 24 | 0.28× | 3.21× |
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 | $79.2M |
| Free Cash FlowOCF − Capex | $103.8M | $39.5M |
| FCF MarginFCF / Revenue | 25.0% | 7.4% |
| Capex IntensityCapex / Revenue | 0.4% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $31.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $79.2M | ||
| Q2 25 | $83.8M | $80.4M | ||
| Q1 25 | $99.5M | $75.1M | ||
| Q4 24 | $78.7M | $32.9M | ||
| Q3 24 | $88.6M | $101.3M | ||
| Q2 24 | $78.6M | $46.9M | ||
| Q1 24 | $66.8M | $60.3M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $39.5M | ||
| Q2 25 | $81.0M | $9.0M | ||
| Q1 25 | $98.4M | $18.9M | ||
| Q4 24 | $78.3M | $-36.3M | ||
| Q3 24 | $88.6M | $37.9M | ||
| Q2 24 | $78.4M | $-19.5M | ||
| Q1 24 | $66.8M | $-29.2M |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 7.4% | ||
| Q2 25 | 21.1% | 1.6% | ||
| Q1 25 | 27.5% | 3.7% | ||
| Q4 24 | 21.6% | -4.3% | ||
| Q3 24 | 24.7% | 7.5% | ||
| Q2 24 | 22.8% | -3.8% | ||
| Q1 24 | 20.7% | -6.1% |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 7.4% | ||
| Q2 25 | 0.7% | 13.0% | ||
| Q1 25 | 0.3% | 10.9% | ||
| Q4 24 | 0.1% | 8.3% | ||
| Q3 24 | 0.0% | 12.6% | ||
| Q2 24 | 0.1% | 12.8% | ||
| Q1 24 | 0.0% | 18.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 13.65× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | 1.56× | ||
| Q1 24 | 2.10× | 14.15× |
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% |
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
