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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and MATERION Corp (MTRN). Click either name above to swap in a different company.
MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $414.7M, roughly 1.3× BILL Holdings, Inc.). MATERION Corp runs the higher net margin — 3.5% vs -0.6%, a 4.1% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 14.4%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% 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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
BILL vs MTRN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $549.8M |
| Net Profit | $-2.6M | $19.4M |
| Gross Margin | 79.8% | 14.9% |
| Operating Margin | -4.4% | 5.1% |
| Net Margin | -0.6% | 3.5% |
| Revenue YoY | 14.4% | 30.8% |
| Net Profit YoY | -107.7% | 9.5% |
| 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.
| Q1 26 | — | $549.8M | ||
| Q4 25 | $414.7M | $489.8M | ||
| Q3 25 | $395.7M | $444.8M | ||
| Q2 25 | $383.3M | $431.7M | ||
| Q1 25 | $358.2M | $420.3M | ||
| Q4 24 | $362.6M | $436.9M | ||
| Q3 24 | $358.4M | $436.7M | ||
| Q2 24 | $343.7M | $425.9M |
| Q1 26 | — | $19.4M | ||
| Q4 25 | $-2.6M | $6.6M | ||
| Q3 25 | $-3.0M | $25.4M | ||
| Q2 25 | $-7.1M | $25.1M | ||
| Q1 25 | $-11.6M | $17.7M | ||
| Q4 24 | $33.5M | $-48.9M | ||
| Q3 24 | $8.9M | $22.3M | ||
| Q2 24 | $7.6M | $19.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | 79.8% | 13.0% | ||
| Q3 25 | 80.5% | 19.4% | ||
| Q2 25 | 80.8% | 19.1% | ||
| Q1 25 | 81.2% | 18.1% | ||
| Q4 24 | 81.6% | 21.3% | ||
| Q3 24 | 82.0% | 18.5% | ||
| Q2 24 | 81.0% | 19.0% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | -4.4% | 2.2% | ||
| Q3 25 | -5.2% | 7.9% | ||
| Q2 25 | -5.8% | 8.5% | ||
| Q1 25 | -8.1% | 6.5% | ||
| Q4 24 | -6.0% | -8.8% | ||
| Q3 24 | -2.1% | 7.2% | ||
| Q2 24 | -6.5% | 7.5% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | -0.6% | 1.3% | ||
| Q3 25 | -0.7% | 5.7% | ||
| Q2 25 | -1.8% | 5.8% | ||
| Q1 25 | -3.2% | 4.2% | ||
| Q4 24 | 9.3% | -11.2% | ||
| Q3 24 | 2.5% | 5.1% | ||
| Q2 24 | 2.2% | 4.5% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.03 | $0.30 | ||
| Q3 25 | $-0.03 | $1.22 | ||
| Q2 25 | $0.02 | $1.21 | ||
| Q1 25 | $-0.11 | $0.85 | ||
| Q4 24 | $-0.06 | $-2.34 | ||
| Q3 24 | $0.08 | $1.07 | ||
| Q2 24 | $0.37 | $0.91 |
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 | $16.2M |
| Total DebtLower is stronger | $1.8B | $489.9M |
| Stockholders' EquityBook value | $3.8B | $957.0M |
| Total Assets | $10.1B | $1.9B |
| Debt / EquityLower = less leverage | 0.48× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $16.2M | ||
| Q4 25 | $1.1B | $13.7M | ||
| Q3 25 | $1.1B | $16.4M | ||
| Q2 25 | $1.0B | $12.6M | ||
| Q1 25 | $1.0B | $15.6M | ||
| Q4 24 | $1.6B | $16.7M | ||
| Q3 24 | $853.5M | $17.9M | ||
| Q2 24 | $985.9M | $17.1M |
| Q1 26 | — | $489.9M | ||
| Q4 25 | $1.8B | $460.6M | ||
| Q3 25 | $1.9B | $458.9M | ||
| Q2 25 | $1.7B | $427.6M | ||
| Q1 25 | $1.7B | $453.0M | ||
| Q4 24 | $1.7B | $443.9M | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — |
| Q1 26 | — | $957.0M | ||
| Q4 25 | $3.8B | $943.3M | ||
| Q3 25 | $3.9B | $934.6M | ||
| Q2 25 | $3.9B | $910.6M | ||
| Q1 25 | $3.9B | $887.9M | ||
| Q4 24 | $3.8B | $868.9M | ||
| Q3 24 | $4.0B | $931.9M | ||
| Q2 24 | $4.1B | $907.1M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $10.1B | $1.8B | ||
| Q3 25 | $10.2B | $1.8B | ||
| Q2 25 | $10.1B | $1.7B | ||
| Q1 25 | $9.6B | $1.8B | ||
| Q4 24 | $9.7B | $1.7B | ||
| Q3 24 | $9.0B | $1.9B | ||
| Q2 24 | $9.2B | $1.8B |
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.48× | 0.49× | ||
| Q3 25 | 0.48× | 0.49× | ||
| Q2 25 | 0.44× | 0.47× | ||
| Q1 25 | 0.43× | 0.51× | ||
| Q4 24 | 0.44× | 0.51× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — |
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 | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $19.5M | ||
| Q3 25 | $96.9M | $18.3M | ||
| Q2 25 | $83.8M | $49.9M | ||
| Q1 25 | $99.5M | $15.5M | ||
| Q4 24 | $78.7M | $76.3M | ||
| Q3 24 | $88.6M | $5.1M | ||
| Q2 24 | $78.6M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | $3.2M | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | $-24.3M | ||
| Q2 24 | $78.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | 0.8% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | -5.6% | ||
| Q2 24 | 22.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | 2.9% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | 6.7% | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.97× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 1.99× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 0.23× | ||
| Q2 24 | 10.35× | 1.07× |
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% |
MTRN
Segment breakdown not available.
