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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and MONRO, INC. (MNRO). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $293.4M, roughly 1.4× MONRO, INC.). MONRO, INC. runs the higher net margin — 3.8% vs -0.6%, a 4.4% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs -4.0%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $9.1M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -2.7%).
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.
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
BILL vs MNRO — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $293.4M |
| Net Profit | $-2.6M | $11.1M |
| Gross Margin | 79.8% | 34.9% |
| Operating Margin | -4.4% | 6.3% |
| Net Margin | -0.6% | 3.8% |
| Revenue YoY | 14.4% | -4.0% |
| Net Profit YoY | -107.7% | 143.1% |
| EPS (diluted) | $-0.03 | $0.35 |
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 | $293.4M | ||
| Q3 25 | $395.7M | $288.9M | ||
| Q2 25 | $383.3M | $301.0M | ||
| Q1 25 | $358.2M | $295.0M | ||
| Q4 24 | $362.6M | $305.8M | ||
| Q3 24 | $358.4M | $301.4M | ||
| Q2 24 | $343.7M | $293.2M | ||
| Q1 24 | $323.0M | $310.1M |
| Q4 25 | $-2.6M | $11.1M | ||
| Q3 25 | $-3.0M | $5.7M | ||
| Q2 25 | $-7.1M | $-8.1M | ||
| Q1 25 | $-11.6M | $-21.3M | ||
| Q4 24 | $33.5M | $4.6M | ||
| Q3 24 | $8.9M | $5.6M | ||
| Q2 24 | $7.6M | $5.9M | ||
| Q1 24 | $31.8M | $3.7M |
| Q4 25 | 79.8% | 34.9% | ||
| Q3 25 | 80.5% | 35.7% | ||
| Q2 25 | 80.8% | 35.5% | ||
| Q1 25 | 81.2% | 33.0% | ||
| Q4 24 | 81.6% | 34.3% | ||
| Q3 24 | 82.0% | 35.3% | ||
| Q2 24 | 81.0% | 37.2% | ||
| Q1 24 | 83.0% | 35.5% |
| Q4 25 | -4.4% | 6.3% | ||
| Q3 25 | -5.2% | 4.4% | ||
| Q2 25 | -5.8% | -2.0% | ||
| Q1 25 | -8.1% | -8.1% | ||
| Q4 24 | -6.0% | 3.3% | ||
| Q3 24 | -2.1% | 4.4% | ||
| Q2 24 | -6.5% | 4.5% | ||
| Q1 24 | -8.6% | 3.3% |
| Q4 25 | -0.6% | 3.8% | ||
| Q3 25 | -0.7% | 2.0% | ||
| Q2 25 | -1.8% | -2.7% | ||
| Q1 25 | -3.2% | -7.2% | ||
| Q4 24 | 9.3% | 1.5% | ||
| Q3 24 | 2.5% | 1.9% | ||
| Q2 24 | 2.2% | 2.0% | ||
| Q1 24 | 9.8% | 1.2% |
| Q4 25 | $-0.03 | $0.35 | ||
| Q3 25 | $-0.03 | $0.18 | ||
| Q2 25 | $0.02 | $-0.28 | ||
| Q1 25 | $-0.11 | $-0.74 | ||
| Q4 24 | $-0.06 | $0.15 | ||
| Q3 24 | $0.08 | $0.18 | ||
| Q2 24 | $0.37 | $0.19 | ||
| Q1 24 | $0.00 | $0.12 |
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 | $4.9M |
| Total DebtLower is stronger | $1.8B | $45.0M |
| Stockholders' EquityBook value | $3.8B | $604.9M |
| Total Assets | $10.1B | $1.6B |
| Debt / EquityLower = less leverage | 0.48× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $4.9M | ||
| Q3 25 | $1.1B | $10.5M | ||
| Q2 25 | $1.0B | $7.8M | ||
| Q1 25 | $1.0B | $20.8M | ||
| Q4 24 | $1.6B | $10.2M | ||
| Q3 24 | $853.5M | $20.9M | ||
| Q2 24 | $985.9M | $18.7M | ||
| Q1 24 | $952.5M | $6.6M |
| Q4 25 | $1.8B | $45.0M | ||
| Q3 25 | $1.9B | $60.0M | ||
| Q2 25 | $1.7B | $71.5M | ||
| Q1 25 | $1.7B | $61.3M | ||
| Q4 24 | $1.7B | $59.3M | ||
| Q3 24 | $914.8M | $62.0M | ||
| Q2 24 | $914.0M | $112.0M | ||
| Q1 24 | $1.1B | $102.0M |
| Q4 25 | $3.8B | $604.9M | ||
| Q3 25 | $3.9B | $601.7M | ||
| Q2 25 | $3.9B | $604.9M | ||
| Q1 25 | $3.9B | $620.8M | ||
| Q4 24 | $3.8B | $648.9M | ||
| Q3 24 | $4.0B | $651.9M | ||
| Q2 24 | $4.1B | $654.4M | ||
| Q1 24 | $4.1B | $656.8M |
| Q4 25 | $10.1B | $1.6B | ||
| Q3 25 | $10.2B | $1.6B | ||
| Q2 25 | $10.1B | $1.6B | ||
| Q1 25 | $9.6B | $1.6B | ||
| Q4 24 | $9.7B | $1.7B | ||
| Q3 24 | $9.0B | $1.7B | ||
| Q2 24 | $9.2B | $1.7B | ||
| Q1 24 | $9.1B | $1.7B |
| Q4 25 | 0.48× | 0.07× | ||
| Q3 25 | 0.48× | 0.10× | ||
| Q2 25 | 0.44× | 0.12× | ||
| Q1 25 | 0.43× | 0.10× | ||
| Q4 24 | 0.44× | 0.09× | ||
| Q3 24 | 0.23× | 0.10× | ||
| Q2 24 | 0.22× | 0.17× | ||
| Q1 24 | 0.28× | 0.16× |
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 | $17.8M |
| Free Cash FlowOCF − Capex | $103.8M | $9.1M |
| FCF MarginFCF / Revenue | 25.0% | 3.1% |
| Capex IntensityCapex / Revenue | 0.4% | 3.0% |
| Cash ConversionOCF / Net Profit | — | 1.60× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $49.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $17.8M | ||
| Q3 25 | $96.9M | $32.3M | ||
| Q2 25 | $83.8M | $-1.9M | ||
| Q1 25 | $99.5M | $28.9M | ||
| Q4 24 | $78.7M | $14.8M | ||
| Q3 24 | $88.6M | $62.6M | ||
| Q2 24 | $78.6M | $25.6M | ||
| Q1 24 | $66.8M | $-5.3M |
| Q4 25 | $103.8M | $9.1M | ||
| Q3 25 | $95.6M | $26.6M | ||
| Q2 25 | $81.0M | $-9.3M | ||
| Q1 25 | $98.4M | $23.2M | ||
| Q4 24 | $78.3M | $7.9M | ||
| Q3 24 | $88.6M | $57.6M | ||
| Q2 24 | $78.4M | $16.8M | ||
| Q1 24 | $66.8M | $-11.9M |
| Q4 25 | 25.0% | 3.1% | ||
| Q3 25 | 24.1% | 9.2% | ||
| Q2 25 | 21.1% | -3.1% | ||
| Q1 25 | 27.5% | 7.9% | ||
| Q4 24 | 21.6% | 2.6% | ||
| Q3 24 | 24.7% | 19.1% | ||
| Q2 24 | 22.8% | 5.7% | ||
| Q1 24 | 20.7% | -3.8% |
| Q4 25 | 0.4% | 3.0% | ||
| Q3 25 | 0.3% | 2.0% | ||
| Q2 25 | 0.7% | 2.5% | ||
| Q1 25 | 0.3% | 1.9% | ||
| Q4 24 | 0.1% | 2.2% | ||
| Q3 24 | 0.0% | 1.6% | ||
| Q2 24 | 0.1% | 3.0% | ||
| Q1 24 | 0.0% | 2.1% |
| Q4 25 | — | 1.60× | ||
| Q3 25 | — | 5.71× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 3.23× | ||
| Q3 24 | 9.94× | 11.08× | ||
| Q2 24 | 10.35× | 4.37× | ||
| Q1 24 | 2.10× | -1.42× |
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% |
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
