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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and GRIFFON CORP (GFF). Click either name above to swap in a different company.
GRIFFON CORP is the larger business by last-quarter revenue ($649.1M vs $414.7M, roughly 1.6× BILL Holdings, Inc.). GRIFFON CORP runs the higher net margin — 9.9% vs -0.6%, a 10.5% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 2.6%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $99.3M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -1.8%).
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.
Griffon Corporation is a multinational conglomerate headquartered in New York City. It operates as a diversified management and holding company. The company has four subsidiaries: Ames True Temper, ClosetMaid, Clopay Building Products, and CornellCookson. Griffon has been publicly traded since 1961 and is listed on the New York Stock Exchange as a component stock of the S&P SmallCap 600, S&P Composite 1500, and Russell 2000 indices.
BILL vs GFF — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $649.1M |
| Net Profit | $-2.6M | $64.4M |
| Gross Margin | 79.8% | 41.1% |
| Operating Margin | -4.4% | 17.5% |
| Net Margin | -0.6% | 9.9% |
| Revenue YoY | 14.4% | 2.6% |
| Net Profit YoY | -107.7% | -9.1% |
| EPS (diluted) | $-0.03 | $1.41 |
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 | $649.1M | ||
| Q3 25 | $395.7M | $662.2M | ||
| Q2 25 | $383.3M | $613.6M | ||
| Q1 25 | $358.2M | $611.7M | ||
| Q4 24 | $362.6M | $632.4M | ||
| Q3 24 | $358.4M | $659.7M | ||
| Q2 24 | $343.7M | $647.8M | ||
| Q1 24 | $323.0M | $672.9M |
| Q4 25 | $-2.6M | $64.4M | ||
| Q3 25 | $-3.0M | $43.6M | ||
| Q2 25 | $-7.1M | $-120.1M | ||
| Q1 25 | $-11.6M | $56.8M | ||
| Q4 24 | $33.5M | $70.9M | ||
| Q3 24 | $8.9M | $62.5M | ||
| Q2 24 | $7.6M | $41.1M | ||
| Q1 24 | $31.8M | $64.1M |
| Q4 25 | 79.8% | 41.1% | ||
| Q3 25 | 80.5% | 41.7% | ||
| Q2 25 | 80.8% | 43.2% | ||
| Q1 25 | 81.2% | 41.2% | ||
| Q4 24 | 81.6% | 41.8% | ||
| Q3 24 | 82.0% | 39.9% | ||
| Q2 24 | 81.0% | 38.5% | ||
| Q1 24 | 83.0% | 40.2% |
| Q4 25 | -4.4% | 17.5% | ||
| Q3 25 | -5.2% | 18.0% | ||
| Q2 25 | -5.8% | -20.5% | ||
| Q1 25 | -8.1% | 16.5% | ||
| Q4 24 | -6.0% | 17.7% | ||
| Q3 24 | -2.1% | 16.9% | ||
| Q2 24 | -6.5% | 13.8% | ||
| Q1 24 | -8.6% | 16.9% |
| Q4 25 | -0.6% | 9.9% | ||
| Q3 25 | -0.7% | 6.6% | ||
| Q2 25 | -1.8% | -19.6% | ||
| Q1 25 | -3.2% | 9.3% | ||
| Q4 24 | 9.3% | 11.2% | ||
| Q3 24 | 2.5% | 9.5% | ||
| Q2 24 | 2.2% | 6.3% | ||
| Q1 24 | 9.8% | 9.5% |
| Q4 25 | $-0.03 | $1.41 | ||
| Q3 25 | $-0.03 | $1.04 | ||
| Q2 25 | $0.02 | $-2.65 | ||
| Q1 25 | $-0.11 | $1.21 | ||
| Q4 24 | $-0.06 | $1.49 | ||
| Q3 24 | $0.08 | $1.29 | ||
| Q2 24 | $0.37 | $0.84 | ||
| Q1 24 | $0.00 | $1.28 |
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 | $95.3M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $108.9M |
| Total Assets | $10.1B | $2.1B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $95.3M | ||
| Q3 25 | $1.1B | $99.0M | ||
| Q2 25 | $1.0B | $107.3M | ||
| Q1 25 | $1.0B | $127.8M | ||
| Q4 24 | $1.6B | $152.0M | ||
| Q3 24 | $853.5M | $114.4M | ||
| Q2 24 | $985.9M | $133.5M | ||
| Q1 24 | $952.5M | $123.0M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $914.8M | $1.5B | ||
| Q2 24 | $914.0M | $1.5B | ||
| Q1 24 | $1.1B | $1.6B |
| Q4 25 | $3.8B | $108.9M | ||
| Q3 25 | $3.9B | $74.0M | ||
| Q2 25 | $3.9B | $63.9M | ||
| Q1 25 | $3.9B | $214.7M | ||
| Q4 24 | $3.8B | $227.8M | ||
| Q3 24 | $4.0B | $224.9M | ||
| Q2 24 | $4.1B | $223.5M | ||
| Q1 24 | $4.1B | $202.2M |
| Q4 25 | $10.1B | $2.1B | ||
| Q3 25 | $10.2B | $2.1B | ||
| Q2 25 | $10.1B | $2.1B | ||
| Q1 25 | $9.6B | $2.3B | ||
| Q4 24 | $9.7B | $2.3B | ||
| Q3 24 | $9.0B | $2.4B | ||
| Q2 24 | $9.2B | $2.4B | ||
| Q1 24 | $9.1B | $2.4B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | 22.71× | ||
| Q1 25 | 0.43× | 7.16× | ||
| Q4 24 | 0.44× | 6.48× | ||
| Q3 24 | 0.23× | 6.78× | ||
| Q2 24 | 0.22× | 6.74× | ||
| Q1 24 | 0.28× | 7.84× |
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 | $107.0M |
| Free Cash FlowOCF − Capex | $103.8M | $99.3M |
| FCF MarginFCF / Revenue | 25.0% | 15.3% |
| Capex IntensityCapex / Revenue | 0.4% | 1.2% |
| Cash ConversionOCF / Net Profit | — | 1.66× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $278.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $107.0M | ||
| Q3 25 | $96.9M | $75.0M | ||
| Q2 25 | $83.8M | $123.1M | ||
| Q1 25 | $99.5M | $16.5M | ||
| Q4 24 | $78.7M | $142.9M | ||
| Q3 24 | $88.6M | $72.1M | ||
| Q2 24 | $78.6M | $122.1M | ||
| Q1 24 | $66.8M | $39.8M |
| Q4 25 | $103.8M | $99.3M | ||
| Q3 25 | $95.6M | $62.4M | ||
| Q2 25 | $81.0M | $114.4M | ||
| Q1 25 | $98.4M | $2.8M | ||
| Q4 24 | $78.3M | $125.5M | ||
| Q3 24 | $88.6M | $51.6M | ||
| Q2 24 | $78.4M | $107.5M | ||
| Q1 24 | $66.8M | $20.8M |
| Q4 25 | 25.0% | 15.3% | ||
| Q3 25 | 24.1% | 9.4% | ||
| Q2 25 | 21.1% | 18.6% | ||
| Q1 25 | 27.5% | 0.5% | ||
| Q4 24 | 21.6% | 19.8% | ||
| Q3 24 | 24.7% | 7.8% | ||
| Q2 24 | 22.8% | 16.6% | ||
| Q1 24 | 20.7% | 3.1% |
| Q4 25 | 0.4% | 1.2% | ||
| Q3 25 | 0.3% | 1.9% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.1% | 2.8% | ||
| Q3 24 | 0.0% | 3.1% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | 0.0% | 2.8% |
| Q4 25 | — | 1.66× | ||
| Q3 25 | — | 1.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 2.35× | 2.02× | ||
| Q3 24 | 9.94× | 1.15× | ||
| Q2 24 | 10.35× | 2.97× | ||
| Q1 24 | 2.10× | 0.62× |
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% |
GFF
| Consumer And Professional Products | $241.1M | 37% |
| Residential Repairand Remodel | $202.1M | 31% |
| International Excluding North America | $97.8M | 15% |
| Retail | $47.3M | 7% |
| Residential New Construction | $32.5M | 5% |
| Other | $14.2M | 2% |
| Industrial | $14.1M | 2% |
