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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $272.2M, roughly 1.5× KILROY REALTY CORP). KILROY REALTY CORP runs the higher net margin — 6.3% vs -0.6%, a 6.9% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $103.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -1.2%).
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.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
BILL vs KRC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $272.2M |
| Net Profit | $-2.6M | $17.1M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | — |
| Net Margin | -0.6% | 6.3% |
| Revenue YoY | 14.4% | -5.0% |
| Net Profit YoY | -107.7% | -73.7% |
| EPS (diluted) | $-0.03 | $0.11 |
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 | $272.2M | ||
| Q3 25 | $395.7M | $279.7M | ||
| Q2 25 | $383.3M | $289.9M | ||
| Q1 25 | $358.2M | $270.8M | ||
| Q4 24 | $362.6M | $286.4M | ||
| Q3 24 | $358.4M | $289.9M | ||
| Q2 24 | $343.7M | $280.7M | ||
| Q1 24 | $323.0M | $278.6M |
| Q4 25 | $-2.6M | $17.1M | ||
| Q3 25 | $-3.0M | $162.3M | ||
| Q2 25 | $-7.1M | $79.6M | ||
| Q1 25 | $-11.6M | $43.7M | ||
| Q4 24 | $33.5M | $65.0M | ||
| Q3 24 | $8.9M | $57.7M | ||
| Q2 24 | $7.6M | $54.5M | ||
| Q1 24 | $31.8M | $55.7M |
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 83.0% | — |
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | — | ||
| Q2 25 | -5.8% | — | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.1% | — | ||
| Q2 24 | -6.5% | — | ||
| Q1 24 | -8.6% | — |
| Q4 25 | -0.6% | 6.3% | ||
| Q3 25 | -0.7% | 58.0% | ||
| Q2 25 | -1.8% | 27.4% | ||
| Q1 25 | -3.2% | 16.1% | ||
| Q4 24 | 9.3% | 22.7% | ||
| Q3 24 | 2.5% | 19.9% | ||
| Q2 24 | 2.2% | 19.4% | ||
| Q1 24 | 9.8% | 20.0% |
| Q4 25 | $-0.03 | $0.11 | ||
| Q3 25 | $-0.03 | $1.31 | ||
| Q2 25 | $0.02 | $0.57 | ||
| Q1 25 | $-0.11 | $0.33 | ||
| Q4 24 | $-0.06 | $0.50 | ||
| Q3 24 | $0.08 | $0.44 | ||
| Q2 24 | $0.37 | $0.41 | ||
| Q1 24 | $0.00 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $5.4B |
| Total Assets | $10.1B | $10.9B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $179.3M | ||
| Q3 25 | $1.1B | $372.4M | ||
| Q2 25 | $1.0B | $193.1M | ||
| Q1 25 | $1.0B | $146.7M | ||
| Q4 24 | $1.6B | $165.7M | ||
| Q3 24 | $853.5M | $625.4M | ||
| Q2 24 | $985.9M | $835.9M | ||
| Q1 24 | $952.5M | $855.0M |
| 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 | $5.4B | ||
| Q3 25 | $3.9B | $5.5B | ||
| Q2 25 | $3.9B | $5.4B | ||
| Q1 25 | $3.9B | $5.4B | ||
| Q4 24 | $3.8B | $5.4B | ||
| Q3 24 | $4.0B | $5.4B | ||
| Q2 24 | $4.1B | $5.4B | ||
| Q1 24 | $4.1B | $5.4B |
| Q4 25 | $10.1B | $10.9B | ||
| Q3 25 | $10.2B | $11.0B | ||
| Q2 25 | $10.1B | $10.9B | ||
| Q1 25 | $9.6B | $10.9B | ||
| Q4 24 | $9.7B | $10.9B | ||
| Q3 24 | $9.0B | $11.4B | ||
| Q2 24 | $9.2B | $11.5B | ||
| Q1 24 | $9.1B | $11.6B |
| 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 | $566.3M |
| Free Cash FlowOCF − Capex | $103.8M | $450.3M |
| FCF MarginFCF / Revenue | 25.0% | 165.4% |
| Capex IntensityCapex / Revenue | 0.4% | 42.6% |
| Cash ConversionOCF / Net Profit | — | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $566.3M | ||
| Q3 25 | $96.9M | $176.6M | ||
| Q2 25 | $83.8M | $143.7M | ||
| Q1 25 | $99.5M | $136.9M | ||
| Q4 24 | $78.7M | $541.1M | ||
| Q3 24 | $88.6M | $176.3M | ||
| Q2 24 | $78.6M | $88.7M | ||
| Q1 24 | $66.8M | $167.9M |
| Q4 25 | $103.8M | $450.3M | ||
| Q3 25 | $95.6M | $148.7M | ||
| Q2 25 | $81.0M | $118.4M | ||
| Q1 25 | $98.4M | $115.6M | ||
| Q4 24 | $78.3M | $440.8M | ||
| Q3 24 | $88.6M | $147.2M | ||
| Q2 24 | $78.4M | $69.5M | ||
| Q1 24 | $66.8M | $151.9M |
| Q4 25 | 25.0% | 165.4% | ||
| Q3 25 | 24.1% | 53.1% | ||
| Q2 25 | 21.1% | 40.9% | ||
| Q1 25 | 27.5% | 42.7% | ||
| Q4 24 | 21.6% | 153.9% | ||
| Q3 24 | 24.7% | 50.8% | ||
| Q2 24 | 22.8% | 24.7% | ||
| Q1 24 | 20.7% | 54.5% |
| Q4 25 | 0.4% | 42.6% | ||
| Q3 25 | 0.3% | 10.0% | ||
| Q2 25 | 0.7% | 8.7% | ||
| Q1 25 | 0.3% | 7.9% | ||
| Q4 24 | 0.1% | 35.0% | ||
| Q3 24 | 0.0% | 10.1% | ||
| Q2 24 | 0.1% | 6.8% | ||
| Q1 24 | 0.0% | 5.7% |
| Q4 25 | — | 33.10× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | 2.35× | 8.32× | ||
| Q3 24 | 9.94× | 3.06× | ||
| Q2 24 | 10.35× | 1.63× | ||
| Q1 24 | 2.10× | 3.01× |
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% |
KRC
Segment breakdown not available.
