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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Hims & Hers Health, Inc. (HIMS). Click either name above to swap in a different company.
Hims & Hers Health, Inc. is the larger business by last-quarter revenue ($617.8M vs $414.7M, roughly 1.5× BILL Holdings, Inc.). Hims & Hers Health, Inc. runs the higher net margin — 3.3% vs -0.6%, a 4.0% gap on every dollar of revenue. On growth, Hims & Hers Health, Inc. posted the faster year-over-year revenue change (28.4% vs 14.4%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-2.5M). Over the past eight quarters, Hims & Hers Health, Inc.'s revenue compounded faster (49.0% CAGR vs 13.3%).
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.
Hims & Hers Health, Inc. is an American telehealth company established in 2017. The company provides prescription medications, over-the-counter medications, and personal care products.
BILL vs HIMS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $617.8M |
| Net Profit | $-2.6M | $20.6M |
| Gross Margin | 79.8% | 71.9% |
| Operating Margin | -4.4% | 1.5% |
| Net Margin | -0.6% | 3.3% |
| Revenue YoY | 14.4% | 28.4% |
| Net Profit YoY | -107.7% | -20.8% |
| EPS (diluted) | $-0.03 | $0.08 |
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 | $617.8M | ||
| Q3 25 | $395.7M | $599.0M | ||
| Q2 25 | $383.3M | $544.8M | ||
| Q1 25 | $358.2M | $586.0M | ||
| Q4 24 | $362.6M | $481.1M | ||
| Q3 24 | $358.4M | $401.6M | ||
| Q2 24 | $343.7M | $315.6M | ||
| Q1 24 | $323.0M | $278.2M |
| Q4 25 | $-2.6M | $20.6M | ||
| Q3 25 | $-3.0M | $15.8M | ||
| Q2 25 | $-7.1M | $42.5M | ||
| Q1 25 | $-11.6M | $49.5M | ||
| Q4 24 | $33.5M | $26.0M | ||
| Q3 24 | $8.9M | $75.6M | ||
| Q2 24 | $7.6M | $13.3M | ||
| Q1 24 | $31.8M | $11.1M |
| Q4 25 | 79.8% | 71.9% | ||
| Q3 25 | 80.5% | 73.8% | ||
| Q2 25 | 80.8% | 76.4% | ||
| Q1 25 | 81.2% | 73.5% | ||
| Q4 24 | 81.6% | 76.8% | ||
| Q3 24 | 82.0% | 79.2% | ||
| Q2 24 | 81.0% | 81.3% | ||
| Q1 24 | 83.0% | 82.4% |
| Q4 25 | -4.4% | 1.5% | ||
| Q3 25 | -5.2% | 2.0% | ||
| Q2 25 | -5.8% | 4.9% | ||
| Q1 25 | -8.1% | 9.9% | ||
| Q4 24 | -6.0% | 3.9% | ||
| Q3 24 | -2.1% | 5.6% | ||
| Q2 24 | -6.5% | 3.5% | ||
| Q1 24 | -8.6% | 3.6% |
| Q4 25 | -0.6% | 3.3% | ||
| Q3 25 | -0.7% | 2.6% | ||
| Q2 25 | -1.8% | 7.8% | ||
| Q1 25 | -3.2% | 8.4% | ||
| Q4 24 | 9.3% | 5.4% | ||
| Q3 24 | 2.5% | 18.8% | ||
| Q2 24 | 2.2% | 4.2% | ||
| Q1 24 | 9.8% | 4.0% |
| Q4 25 | $-0.03 | $0.08 | ||
| Q3 25 | $-0.03 | $0.06 | ||
| Q2 25 | $0.02 | $0.17 | ||
| Q1 25 | $-0.11 | $0.20 | ||
| Q4 24 | $-0.06 | $0.10 | ||
| Q3 24 | $0.08 | $0.32 | ||
| Q2 24 | $0.37 | $0.06 | ||
| Q1 24 | $0.00 | $0.05 |
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 | $228.6M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $540.9M |
| Total Assets | $10.1B | $2.2B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $228.6M | ||
| Q3 25 | $1.1B | $345.8M | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $1.0B | $273.7M | ||
| Q4 24 | $1.6B | $220.6M | ||
| Q3 24 | $853.5M | $165.5M | ||
| Q2 24 | $985.9M | $129.3M | ||
| Q1 24 | $952.5M | $105.2M |
| 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 | $540.9M | ||
| Q3 25 | $3.9B | $581.0M | ||
| Q2 25 | $3.9B | $562.7M | ||
| Q1 25 | $3.9B | $549.3M | ||
| Q4 24 | $3.8B | $476.7M | ||
| Q3 24 | $4.0B | $440.1M | ||
| Q2 24 | $4.1B | $362.0M | ||
| Q1 24 | $4.1B | $344.5M |
| Q4 25 | $10.1B | $2.2B | ||
| Q3 25 | $10.2B | $2.2B | ||
| Q2 25 | $10.1B | $1.9B | ||
| Q1 25 | $9.6B | $891.7M | ||
| Q4 24 | $9.7B | $707.5M | ||
| Q3 24 | $9.0B | $602.3M | ||
| Q2 24 | $9.2B | $480.5M | ||
| Q1 24 | $9.1B | $448.1M |
| 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 | $61.3M |
| Free Cash FlowOCF − Capex | $103.8M | $-2.5M |
| FCF MarginFCF / Revenue | 25.0% | -0.4% |
| Capex IntensityCapex / Revenue | 0.4% | 10.3% |
| Cash ConversionOCF / Net Profit | — | 2.98× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $57.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $61.3M | ||
| Q3 25 | $96.9M | $148.7M | ||
| Q2 25 | $83.8M | $-19.1M | ||
| Q1 25 | $99.5M | $109.1M | ||
| Q4 24 | $78.7M | $86.4M | ||
| Q3 24 | $88.6M | $85.3M | ||
| Q2 24 | $78.6M | $53.6M | ||
| Q1 24 | $66.8M | $25.8M |
| Q4 25 | $103.8M | $-2.5M | ||
| Q3 25 | $95.6M | $79.3M | ||
| Q2 25 | $81.0M | $-69.5M | ||
| Q1 25 | $98.4M | $50.1M | ||
| Q4 24 | $78.3M | $59.5M | ||
| Q3 24 | $88.6M | $79.4M | ||
| Q2 24 | $78.4M | $47.6M | ||
| Q1 24 | $66.8M | $11.8M |
| Q4 25 | 25.0% | -0.4% | ||
| Q3 25 | 24.1% | 13.2% | ||
| Q2 25 | 21.1% | -12.8% | ||
| Q1 25 | 27.5% | 8.5% | ||
| Q4 24 | 21.6% | 12.4% | ||
| Q3 24 | 24.7% | 19.8% | ||
| Q2 24 | 22.8% | 15.1% | ||
| Q1 24 | 20.7% | 4.3% |
| Q4 25 | 0.4% | 10.3% | ||
| Q3 25 | 0.3% | 11.6% | ||
| Q2 25 | 0.7% | 9.3% | ||
| Q1 25 | 0.3% | 10.1% | ||
| Q4 24 | 0.1% | 5.6% | ||
| Q3 24 | 0.0% | 1.5% | ||
| Q2 24 | 0.1% | 1.9% | ||
| Q1 24 | 0.0% | 5.0% |
| Q4 25 | — | 2.98× | ||
| Q3 25 | — | 9.43× | ||
| Q2 25 | — | -0.45× | ||
| Q1 25 | — | 2.20× | ||
| Q4 24 | 2.35× | 3.32× | ||
| Q3 24 | 9.94× | 1.13× | ||
| Q2 24 | 10.35× | 4.03× | ||
| Q1 24 | 2.10× | 2.32× |
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% |
HIMS
Segment breakdown not available.
