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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and GLOBAL INDUSTRIAL Co (GIC). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $345.6M, roughly 1.2× GLOBAL INDUSTRIAL Co). GLOBAL INDUSTRIAL Co runs the higher net margin — 4.2% vs -0.6%, a 4.8% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 14.3%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $19.2M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 3.4%).
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.
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
BILL vs GIC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $345.6M |
| Net Profit | $-2.6M | $14.6M |
| Gross Margin | 79.8% | 34.5% |
| Operating Margin | -4.4% | 5.7% |
| Net Margin | -0.6% | 4.2% |
| Revenue YoY | 14.4% | 14.3% |
| Net Profit YoY | -107.7% | 36.4% |
| 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 | $345.6M | ||
| Q3 25 | $395.7M | $353.6M | ||
| Q2 25 | $383.3M | $358.9M | ||
| Q1 25 | $358.2M | $321.0M | ||
| Q4 24 | $362.6M | $302.3M | ||
| Q3 24 | $358.4M | $342.4M | ||
| Q2 24 | $343.7M | $347.8M | ||
| Q1 24 | $323.0M | $323.4M |
| Q4 25 | $-2.6M | $14.6M | ||
| Q3 25 | $-3.0M | $18.8M | ||
| Q2 25 | $-7.1M | $25.1M | ||
| Q1 25 | $-11.6M | $13.6M | ||
| Q4 24 | $33.5M | $10.7M | ||
| Q3 24 | $8.9M | $16.8M | ||
| Q2 24 | $7.6M | $20.3M | ||
| Q1 24 | $31.8M | $13.2M |
| Q4 25 | 79.8% | 34.5% | ||
| Q3 25 | 80.5% | 35.6% | ||
| Q2 25 | 80.8% | 37.1% | ||
| Q1 25 | 81.2% | 34.9% | ||
| Q4 24 | 81.6% | 33.8% | ||
| Q3 24 | 82.0% | 34.0% | ||
| Q2 24 | 81.0% | 35.2% | ||
| Q1 24 | 83.0% | 34.3% |
| Q4 25 | -4.4% | 5.7% | ||
| Q3 25 | -5.2% | 7.4% | ||
| Q2 25 | -5.8% | 9.3% | ||
| Q1 25 | -8.1% | 5.7% | ||
| Q4 24 | -6.0% | 4.8% | ||
| Q3 24 | -2.1% | 6.5% | ||
| Q2 24 | -6.5% | 7.6% | ||
| Q1 24 | -8.6% | 5.4% |
| Q4 25 | -0.6% | 4.2% | ||
| Q3 25 | -0.7% | 5.3% | ||
| Q2 25 | -1.8% | 7.0% | ||
| Q1 25 | -3.2% | 4.2% | ||
| Q4 24 | 9.3% | 3.5% | ||
| Q3 24 | 2.5% | 4.9% | ||
| Q2 24 | 2.2% | 5.8% | ||
| Q1 24 | 9.8% | 4.1% |
| Q4 25 | $-0.03 | $0.37 | ||
| Q3 25 | $-0.03 | $0.48 | ||
| Q2 25 | $0.02 | $0.65 | ||
| Q1 25 | $-0.11 | $0.35 | ||
| Q4 24 | $-0.06 | $0.28 | ||
| Q3 24 | $0.08 | $0.44 | ||
| Q2 24 | $0.37 | $0.52 | ||
| Q1 24 | $0.00 | $0.34 |
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 | $67.5M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $313.2M |
| Total Assets | $10.1B | $580.8M |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $67.5M | ||
| Q3 25 | $1.1B | $67.2M | ||
| Q2 25 | $1.0B | $55.1M | ||
| Q1 25 | $1.0B | $39.0M | ||
| Q4 24 | $1.6B | $44.6M | ||
| Q3 24 | $853.5M | $38.9M | ||
| Q2 24 | $985.9M | $38.8M | ||
| Q1 24 | $952.5M | $29.9M |
| 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 | — |
| Q4 25 | $3.8B | $313.2M | ||
| Q3 25 | $3.9B | $316.0M | ||
| Q2 25 | $3.9B | $305.2M | ||
| Q1 25 | $3.9B | $287.9M | ||
| Q4 24 | $3.8B | $281.1M | ||
| Q3 24 | $4.0B | $279.2M | ||
| Q2 24 | $4.1B | $270.4M | ||
| Q1 24 | $4.1B | $260.2M |
| Q4 25 | $10.1B | $580.8M | ||
| Q3 25 | $10.2B | $602.5M | ||
| Q2 25 | $10.1B | $586.5M | ||
| Q1 25 | $9.6B | $536.7M | ||
| Q4 24 | $9.7B | $520.7M | ||
| Q3 24 | $9.0B | $531.6M | ||
| Q2 24 | $9.2B | $542.5M | ||
| Q1 24 | $9.1B | $517.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $105.3M | $20.0M |
| Free Cash FlowOCF − Capex | $103.8M | $19.2M |
| FCF MarginFCF / Revenue | 25.0% | 5.6% |
| Capex IntensityCapex / Revenue | 0.4% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.37× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $74.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $20.0M | ||
| Q3 25 | $96.9M | $22.7M | ||
| Q2 25 | $83.8M | $31.7M | ||
| Q1 25 | $99.5M | $3.4M | ||
| Q4 24 | $78.7M | $15.9M | ||
| Q3 24 | $88.6M | $9.6M | ||
| Q2 24 | $78.6M | $18.8M | ||
| Q1 24 | $66.8M | $6.4M |
| Q4 25 | $103.8M | $19.2M | ||
| Q3 25 | $95.6M | $22.0M | ||
| Q2 25 | $81.0M | $30.3M | ||
| Q1 25 | $98.4M | $3.2M | ||
| Q4 24 | $78.3M | $15.2M | ||
| Q3 24 | $88.6M | $8.7M | ||
| Q2 24 | $78.4M | $17.9M | ||
| Q1 24 | $66.8M | $5.1M |
| Q4 25 | 25.0% | 5.6% | ||
| Q3 25 | 24.1% | 6.2% | ||
| Q2 25 | 21.1% | 8.4% | ||
| Q1 25 | 27.5% | 1.0% | ||
| Q4 24 | 21.6% | 5.0% | ||
| Q3 24 | 24.7% | 2.5% | ||
| Q2 24 | 22.8% | 5.1% | ||
| Q1 24 | 20.7% | 1.6% |
| Q4 25 | 0.4% | 0.2% | ||
| Q3 25 | 0.3% | 0.2% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 0.3% | 0.1% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.1% | 0.3% | ||
| Q1 24 | 0.0% | 0.4% |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.26× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | 2.35× | 1.49× | ||
| Q3 24 | 9.94× | 0.57× | ||
| Q2 24 | 10.35× | 0.93× | ||
| Q1 24 | 2.10× | 0.48× |
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% |
GIC
Segment breakdown not available.
