vs
Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $289.7M, roughly 1.4× ESCO TECHNOLOGIES INC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -0.6%, a 10.5% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 14.4%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $63.0M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 7.8%).
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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
BILL vs ESE — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $289.7M |
| Net Profit | $-2.6M | $28.7M |
| Gross Margin | 79.8% | 41.4% |
| Operating Margin | -4.4% | 13.2% |
| Net Margin | -0.6% | 9.9% |
| Revenue YoY | 14.4% | 17.3% |
| Net Profit YoY | -107.7% | 22.2% |
| EPS (diluted) | $-0.03 | $1.11 |
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 | $289.7M | ||
| Q3 25 | $395.7M | $286.5M | ||
| Q2 25 | $383.3M | $296.3M | ||
| Q1 25 | $358.2M | $265.5M | ||
| Q4 24 | $362.6M | $247.0M | ||
| Q3 24 | $358.4M | $298.5M | ||
| Q2 24 | $343.7M | $260.8M | ||
| Q1 24 | $323.0M | $249.1M |
| Q4 25 | $-2.6M | $28.7M | ||
| Q3 25 | $-3.0M | $218.7M | ||
| Q2 25 | $-7.1M | $26.1M | ||
| Q1 25 | $-11.6M | $31.0M | ||
| Q4 24 | $33.5M | $23.5M | ||
| Q3 24 | $8.9M | $34.3M | ||
| Q2 24 | $7.6M | $29.2M | ||
| Q1 24 | $31.8M | $23.2M |
| Q4 25 | 79.8% | 41.4% | ||
| Q3 25 | 80.5% | 45.9% | ||
| Q2 25 | 80.8% | 41.2% | ||
| Q1 25 | 81.2% | 41.1% | ||
| Q4 24 | 81.6% | 39.8% | ||
| Q3 24 | 82.0% | 40.1% | ||
| Q2 24 | 81.0% | 39.6% | ||
| Q1 24 | 83.0% | 38.8% |
| Q4 25 | -4.4% | 13.2% | ||
| Q3 25 | -5.2% | 17.2% | ||
| Q2 25 | -5.8% | 11.2% | ||
| Q1 25 | -8.1% | 15.3% | ||
| Q4 24 | -6.0% | 11.4% | ||
| Q3 24 | -2.1% | 14.8% | ||
| Q2 24 | -6.5% | 14.3% | ||
| Q1 24 | -8.6% | 11.7% |
| Q4 25 | -0.6% | 9.9% | ||
| Q3 25 | -0.7% | 76.3% | ||
| Q2 25 | -1.8% | 8.8% | ||
| Q1 25 | -3.2% | 11.7% | ||
| Q4 24 | 9.3% | 9.5% | ||
| Q3 24 | 2.5% | 11.5% | ||
| Q2 24 | 2.2% | 11.2% | ||
| Q1 24 | 9.8% | 9.3% |
| Q4 25 | $-0.03 | $1.11 | ||
| Q3 25 | $-0.03 | $8.43 | ||
| Q2 25 | $0.02 | $1.01 | ||
| Q1 25 | $-0.11 | $1.20 | ||
| Q4 24 | $-0.06 | $0.91 | ||
| Q3 24 | $0.08 | $1.32 | ||
| Q2 24 | $0.37 | $1.13 | ||
| Q1 24 | $0.00 | $0.90 |
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 | $103.8M |
| Total DebtLower is stronger | $1.8B | $145.5M |
| Stockholders' EquityBook value | $3.8B | $1.6B |
| Total Assets | $10.1B | $2.4B |
| Debt / EquityLower = less leverage | 0.48× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $103.8M | ||
| Q3 25 | $1.1B | $101.3M | ||
| Q2 25 | $1.0B | $78.7M | ||
| Q1 25 | $1.0B | $57.4M | ||
| Q4 24 | $1.6B | $71.3M | ||
| Q3 24 | $853.5M | $66.0M | ||
| Q2 24 | $985.9M | $63.0M | ||
| Q1 24 | $952.5M | $59.4M |
| Q4 25 | $1.8B | $145.5M | ||
| Q3 25 | $1.9B | $186.0M | ||
| Q2 25 | $1.7B | $525.0M | ||
| Q1 25 | $1.7B | $88.0M | ||
| Q4 24 | $1.7B | $112.0M | ||
| Q3 24 | $914.8M | $122.0M | ||
| Q2 24 | $914.0M | $173.0M | ||
| Q1 24 | $1.1B | $191.0M |
| Q4 25 | $3.8B | $1.6B | ||
| Q3 25 | $3.9B | $1.5B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $3.9B | $1.3B | ||
| Q4 24 | $3.8B | $1.2B | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $4.1B | $1.2B | ||
| Q1 24 | $4.1B | $1.2B |
| Q4 25 | $10.1B | $2.4B | ||
| Q3 25 | $10.2B | $2.4B | ||
| Q2 25 | $10.1B | $2.5B | ||
| Q1 25 | $9.6B | $1.8B | ||
| Q4 24 | $9.7B | $1.8B | ||
| Q3 24 | $9.0B | $1.8B | ||
| Q2 24 | $9.2B | $1.8B | ||
| Q1 24 | $9.1B | $1.8B |
| Q4 25 | 0.48× | 0.09× | ||
| Q3 25 | 0.48× | 0.12× | ||
| Q2 25 | 0.44× | 0.40× | ||
| Q1 25 | 0.43× | 0.07× | ||
| Q4 24 | 0.44× | 0.09× | ||
| Q3 24 | 0.23× | 0.10× | ||
| Q2 24 | 0.22× | 0.14× | ||
| Q1 24 | 0.28× | 0.16× |
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 | $68.9M |
| Free Cash FlowOCF − Capex | $103.8M | $63.0M |
| FCF MarginFCF / Revenue | 25.0% | 21.7% |
| Capex IntensityCapex / Revenue | 0.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $68.9M | ||
| Q3 25 | $96.9M | $109.9M | ||
| Q2 25 | $83.8M | $73.7M | ||
| Q1 25 | $99.5M | $24.1M | ||
| Q4 24 | $78.7M | $34.2M | ||
| Q3 24 | $88.6M | $72.1M | ||
| Q2 24 | $78.6M | $36.2M | ||
| Q1 24 | $66.8M | $10.5M |
| Q4 25 | $103.8M | $63.0M | ||
| Q3 25 | $95.6M | $97.8M | ||
| Q2 25 | $81.0M | $64.9M | ||
| Q1 25 | $98.4M | $14.0M | ||
| Q4 24 | $78.3M | $29.0M | ||
| Q3 24 | $88.6M | $60.9M | ||
| Q2 24 | $78.4M | $27.6M | ||
| Q1 24 | $66.8M | $2.0M |
| Q4 25 | 25.0% | 21.7% | ||
| Q3 25 | 24.1% | 34.1% | ||
| Q2 25 | 21.1% | 21.9% | ||
| Q1 25 | 27.5% | 5.3% | ||
| Q4 24 | 21.6% | 11.7% | ||
| Q3 24 | 24.7% | 20.4% | ||
| Q2 24 | 22.8% | 10.6% | ||
| Q1 24 | 20.7% | 0.8% |
| Q4 25 | 0.4% | 2.0% | ||
| Q3 25 | 0.3% | 4.2% | ||
| Q2 25 | 0.7% | 3.0% | ||
| Q1 25 | 0.3% | 3.8% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | 0.0% | 3.8% | ||
| Q2 24 | 0.1% | 3.3% | ||
| Q1 24 | 0.0% | 3.4% |
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 2.35× | 1.46× | ||
| Q3 24 | 9.94× | 2.10× | ||
| Q2 24 | 10.35× | 1.24× | ||
| Q1 24 | 2.10× | 0.45× |
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% |
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
