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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $414.7M, roughly 1.1× BILL Holdings, Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -0.6%, a 28.4% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 14.4%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 0.9%).
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.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
BILL vs NJR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $440.9M |
| Net Profit | $-2.6M | $122.5M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 40.6% |
| Net Margin | -0.6% | 27.8% |
| Revenue YoY | 14.4% | 22.8% |
| Net Profit YoY | -107.7% | -6.7% |
| EPS (diluted) | $-0.03 | $1.21 |
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 | $440.9M | ||
| Q3 25 | $395.7M | $188.3M | ||
| Q2 25 | $383.3M | $234.8M | ||
| Q1 25 | $358.2M | $569.2M | ||
| Q4 24 | $362.6M | $359.0M | ||
| Q3 24 | $358.4M | $265.7M | ||
| Q2 24 | $343.7M | $209.9M | ||
| Q1 24 | $323.0M | $433.2M |
| Q4 25 | $-2.6M | $122.5M | ||
| Q3 25 | $-3.0M | $15.1M | ||
| Q2 25 | $-7.1M | $-15.1M | ||
| Q1 25 | $-11.6M | $204.3M | ||
| Q4 24 | $33.5M | $131.3M | ||
| Q3 24 | $8.9M | $91.1M | ||
| Q2 24 | $7.6M | $-11.6M | ||
| Q1 24 | $31.8M | $120.8M |
| 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% | 40.6% | ||
| Q3 25 | -5.2% | 21.5% | ||
| Q2 25 | -5.8% | -0.5% | ||
| Q1 25 | -8.1% | 49.2% | ||
| Q4 24 | -6.0% | 52.8% | ||
| Q3 24 | -2.1% | 55.0% | ||
| Q2 24 | -6.5% | 2.8% | ||
| Q1 24 | -8.6% | 39.3% |
| Q4 25 | -0.6% | 27.8% | ||
| Q3 25 | -0.7% | 8.0% | ||
| Q2 25 | -1.8% | -6.4% | ||
| Q1 25 | -3.2% | 35.9% | ||
| Q4 24 | 9.3% | 36.6% | ||
| Q3 24 | 2.5% | 34.3% | ||
| Q2 24 | 2.2% | -5.5% | ||
| Q1 24 | 9.8% | 27.9% |
| Q4 25 | $-0.03 | $1.21 | ||
| Q3 25 | $-0.03 | $0.15 | ||
| Q2 25 | $0.02 | $-0.15 | ||
| Q1 25 | $-0.11 | $2.02 | ||
| Q4 24 | $-0.06 | $1.31 | ||
| Q3 24 | $0.08 | $0.91 | ||
| Q2 24 | $0.37 | $-0.12 | ||
| Q1 24 | $0.00 | $1.22 |
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 | $2.4M |
| Total DebtLower is stronger | $1.8B | $3.3B |
| Stockholders' EquityBook value | $3.8B | $2.5B |
| Total Assets | $10.1B | $7.9B |
| Debt / EquityLower = less leverage | 0.48× | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $2.4M | ||
| Q3 25 | $1.1B | $591.0K | ||
| Q2 25 | $1.0B | $931.0K | ||
| Q1 25 | $1.0B | $83.7M | ||
| Q4 24 | $1.6B | $1.9M | ||
| Q3 24 | $853.5M | $1.0M | ||
| Q2 24 | $985.9M | $22.4M | ||
| Q1 24 | $952.5M | $5.0M |
| Q4 25 | $1.8B | $3.3B | ||
| Q3 25 | $1.9B | $3.3B | ||
| Q2 25 | $1.7B | $3.0B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.7B | $3.0B | ||
| Q3 24 | $914.8M | $2.9B | ||
| Q2 24 | $914.0M | $2.8B | ||
| Q1 24 | $1.1B | $2.7B |
| Q4 25 | $3.8B | $2.5B | ||
| Q3 25 | $3.9B | $2.4B | ||
| Q2 25 | $3.9B | $2.4B | ||
| Q1 25 | $3.9B | $2.5B | ||
| Q4 24 | $3.8B | $2.3B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $4.1B | $2.1B | ||
| Q1 24 | $4.1B | $2.2B |
| Q4 25 | $10.1B | $7.9B | ||
| Q3 25 | $10.2B | $7.6B | ||
| Q2 25 | $10.1B | $7.3B | ||
| Q1 25 | $9.6B | $7.3B | ||
| Q4 24 | $9.7B | $7.2B | ||
| Q3 24 | $9.0B | $7.0B | ||
| Q2 24 | $9.2B | $6.8B | ||
| Q1 24 | $9.1B | $6.6B |
| Q4 25 | 0.48× | 1.32× | ||
| Q3 25 | 0.48× | 1.36× | ||
| Q2 25 | 0.44× | 1.25× | ||
| Q1 25 | 0.43× | 1.20× | ||
| Q4 24 | 0.44× | 1.29× | ||
| Q3 24 | 0.23× | 1.31× | ||
| Q2 24 | 0.22× | 1.30× | ||
| Q1 24 | 0.28× | 1.25× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $26.7M | ||
| Q3 25 | $96.9M | $81.2M | ||
| Q2 25 | $83.8M | $-28.9M | ||
| Q1 25 | $99.5M | $423.0M | ||
| Q4 24 | $78.7M | $-9.0M | ||
| Q3 24 | $88.6M | $64.5M | ||
| Q2 24 | $78.6M | $24.3M | ||
| Q1 24 | $66.8M | $292.2M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| 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% | — | ||
| 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% | — | ||
| 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 | — | 0.22× | ||
| Q3 25 | — | 5.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | 2.35× | -0.07× | ||
| Q3 24 | 9.94× | 0.71× | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | 2.42× |
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% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
