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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Guardian Pharmacy Services, Inc. (GRDN). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $397.6M, roughly 1.0× Guardian Pharmacy Services, Inc.). Guardian Pharmacy Services, Inc. runs the higher net margin — 5.3% vs -0.6%, a 5.9% gap on every dollar of revenue.
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.
CVS Pharmacy Inc. is an American retail corporation. A subsidiary of CVS Health, it is headquartered in Woonsocket, Rhode Island. Originally named the Consumer Value Stores, it was founded in Lowell, Massachusetts, in 1963.
BILL vs GRDN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $397.6M |
| Net Profit | $-2.6M | $20.9M |
| Gross Margin | 79.8% | 21.5% |
| Operating Margin | -4.4% | 7.7% |
| Net Margin | -0.6% | 5.3% |
| Revenue YoY | 14.4% | — |
| Net Profit YoY | -107.7% | — |
| EPS (diluted) | $-0.03 | — |
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 | $397.6M | ||
| Q3 25 | $395.7M | $377.4M | ||
| Q2 25 | $383.3M | $344.3M | ||
| Q1 25 | $358.2M | $329.3M | ||
| Q4 24 | $362.6M | — | ||
| Q3 24 | $358.4M | $314.4M | ||
| Q2 24 | $343.7M | — | ||
| Q1 24 | $323.0M | — |
| Q4 25 | $-2.6M | $20.9M | ||
| Q3 25 | $-3.0M | $9.8M | ||
| Q2 25 | $-7.1M | $9.0M | ||
| Q1 25 | $-11.6M | $9.4M | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $8.9M | $-122.0M | ||
| Q2 24 | $7.6M | — | ||
| Q1 24 | $31.8M | — |
| Q4 25 | 79.8% | 21.5% | ||
| Q3 25 | 80.5% | 19.8% | ||
| Q2 25 | 80.8% | 19.8% | ||
| Q1 25 | 81.2% | 19.5% | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | 19.4% | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 83.0% | — |
| Q4 25 | -4.4% | 7.7% | ||
| Q3 25 | -5.2% | 4.3% | ||
| Q2 25 | -5.8% | 3.7% | ||
| Q1 25 | -8.1% | 3.9% | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.1% | -33.3% | ||
| Q2 24 | -6.5% | — | ||
| Q1 24 | -8.6% | — |
| Q4 25 | -0.6% | 5.3% | ||
| Q3 25 | -0.7% | 2.6% | ||
| Q2 25 | -1.8% | 2.6% | ||
| Q1 25 | -3.2% | 2.9% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 2.5% | -38.8% | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 9.8% | — |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.37 | — | ||
| Q1 24 | $0.00 | — |
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 | $65.6M |
| Total DebtLower is stronger | $1.8B | $0 |
| Stockholders' EquityBook value | $3.8B | $217.9M |
| Total Assets | $10.1B | $412.7M |
| Debt / EquityLower = less leverage | 0.48× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $65.6M | ||
| Q3 25 | $1.1B | $36.5M | ||
| Q2 25 | $1.0B | $18.8M | ||
| Q1 25 | $1.0B | $14.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | $37.2M | ||
| Q2 24 | $985.9M | — | ||
| Q1 24 | $952.5M | — |
| Q4 25 | $1.8B | $0 | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | $34.3M | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $3.8B | $217.9M | ||
| Q3 25 | $3.9B | $195.5M | ||
| Q2 25 | $3.9B | $179.7M | ||
| Q1 25 | $3.9B | $163.2M | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $4.0B | $133.9M | ||
| Q2 24 | $4.1B | — | ||
| Q1 24 | $4.1B | — |
| Q4 25 | $10.1B | $412.7M | ||
| Q3 25 | $10.2B | $390.0M | ||
| Q2 25 | $10.1B | $356.3M | ||
| Q1 25 | $9.6B | $334.0M | ||
| Q4 24 | $9.7B | — | ||
| Q3 24 | $9.0B | $348.0M | ||
| Q2 24 | $9.2B | — | ||
| Q1 24 | $9.1B | — |
| Q4 25 | 0.48× | 0.00× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | 0.26× | ||
| 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 | $34.6M |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $34.6M | ||
| Q3 25 | $96.9M | $28.2M | ||
| Q2 25 | $83.8M | $19.9M | ||
| Q1 25 | $99.5M | $17.6M | ||
| Q4 24 | $78.7M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.6M | — | ||
| Q1 24 | $66.8M | — |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $24.2M | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | — | ||
| Q1 24 | $66.8M | — |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 6.4% | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 20.7% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 2.21× | ||
| Q1 25 | — | 1.86× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | — |
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% |
GRDN
Segment breakdown not available.
