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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Enpro Inc. (NPO). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $295.4M, roughly 1.4× Enpro Inc.). BILL Holdings, Inc. runs the higher net margin — -0.6% vs -10.8%, a 10.2% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 14.3%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 7.1%).
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.
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
BILL vs NPO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $295.4M |
| Net Profit | $-2.6M | $-32.0M |
| Gross Margin | 79.8% | 42.1% |
| Operating Margin | -4.4% | 11.2% |
| Net Margin | -0.6% | -10.8% |
| Revenue YoY | 14.4% | 14.3% |
| Net Profit YoY | -107.7% | -330.2% |
| EPS (diluted) | $-0.03 | $-1.50 |
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 | $295.4M | ||
| Q3 25 | $395.7M | $286.6M | ||
| Q2 25 | $383.3M | $288.1M | ||
| Q1 25 | $358.2M | $273.2M | ||
| Q4 24 | $362.6M | $258.4M | ||
| Q3 24 | $358.4M | $260.9M | ||
| Q2 24 | $343.7M | $271.9M | ||
| Q1 24 | $323.0M | $257.5M |
| Q4 25 | $-2.6M | $-32.0M | ||
| Q3 25 | $-3.0M | $21.6M | ||
| Q2 25 | $-7.1M | $26.4M | ||
| Q1 25 | $-11.6M | $24.5M | ||
| Q4 24 | $33.5M | $13.9M | ||
| Q3 24 | $8.9M | $19.8M | ||
| Q2 24 | $7.6M | $26.7M | ||
| Q1 24 | $31.8M | $12.5M |
| Q4 25 | 79.8% | 42.1% | ||
| Q3 25 | 80.5% | 41.9% | ||
| Q2 25 | 80.8% | 43.3% | ||
| Q1 25 | 81.2% | 43.3% | ||
| Q4 24 | 81.6% | 42.3% | ||
| Q3 24 | 82.0% | 42.3% | ||
| Q2 24 | 81.0% | 43.8% | ||
| Q1 24 | 83.0% | 41.2% |
| Q4 25 | -4.4% | 11.2% | ||
| Q3 25 | -5.2% | 14.3% | ||
| Q2 25 | -5.8% | 15.9% | ||
| Q1 25 | -8.1% | 15.3% | ||
| Q4 24 | -6.0% | 12.5% | ||
| Q3 24 | -2.1% | 13.1% | ||
| Q2 24 | -6.5% | 17.7% | ||
| Q1 24 | -8.6% | 10.9% |
| Q4 25 | -0.6% | -10.8% | ||
| Q3 25 | -0.7% | 7.5% | ||
| Q2 25 | -1.8% | 9.2% | ||
| Q1 25 | -3.2% | 9.0% | ||
| Q4 24 | 9.3% | 5.4% | ||
| Q3 24 | 2.5% | 7.6% | ||
| Q2 24 | 2.2% | 9.8% | ||
| Q1 24 | 9.8% | 4.9% |
| Q4 25 | $-0.03 | $-1.50 | ||
| Q3 25 | $-0.03 | $1.01 | ||
| Q2 25 | $0.02 | $1.25 | ||
| Q1 25 | $-0.11 | $1.15 | ||
| Q4 24 | $-0.06 | $0.65 | ||
| Q3 24 | $0.08 | $0.94 | ||
| Q2 24 | $0.37 | $1.27 | ||
| Q1 24 | $0.00 | $0.59 |
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 | $114.7M |
| Total DebtLower is stronger | $1.8B | $655.3M |
| Stockholders' EquityBook value | $3.8B | $1.5B |
| Total Assets | $10.1B | $2.7B |
| Debt / EquityLower = less leverage | 0.48× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $114.7M | ||
| Q3 25 | $1.1B | $132.9M | ||
| Q2 25 | $1.0B | $107.1M | ||
| Q1 25 | $1.0B | $240.3M | ||
| Q4 24 | $1.6B | $236.3M | ||
| Q3 24 | $853.5M | $206.9M | ||
| Q2 24 | $985.9M | $175.9M | ||
| Q1 24 | $952.5M | $163.9M |
| Q4 25 | $1.8B | $655.3M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $640.1M | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | $644.9M |
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.9B | $1.5B | ||
| Q2 25 | $3.9B | $1.5B | ||
| Q1 25 | $3.9B | $1.5B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $4.0B | $1.5B | ||
| Q2 24 | $4.1B | $1.4B | ||
| Q1 24 | $4.1B | $1.4B |
| Q4 25 | $10.1B | $2.7B | ||
| Q3 25 | $10.2B | $2.4B | ||
| Q2 25 | $10.1B | $2.4B | ||
| Q1 25 | $9.6B | $2.5B | ||
| Q4 24 | $9.7B | $2.5B | ||
| Q3 24 | $9.0B | $2.5B | ||
| Q2 24 | $9.2B | $2.5B | ||
| Q1 24 | $9.1B | $2.5B |
| Q4 25 | 0.48× | 0.42× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 0.45× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | 0.46× |
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% | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $65.3M | ||
| Q2 25 | $83.8M | $52.2M | ||
| Q1 25 | $99.5M | $21.0M | ||
| Q4 24 | $78.7M | $59.4M | ||
| Q3 24 | $88.6M | $54.0M | ||
| Q2 24 | $78.6M | $43.2M | ||
| Q1 24 | $66.8M | $6.3M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $53.4M | ||
| Q2 25 | $81.0M | $42.3M | ||
| Q1 25 | $98.4M | $13.0M | ||
| Q4 24 | $78.3M | $49.1M | ||
| Q3 24 | $88.6M | $48.3M | ||
| Q2 24 | $78.4M | $38.3M | ||
| Q1 24 | $66.8M | $-1.9M |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 18.6% | ||
| Q2 25 | 21.1% | 14.7% | ||
| Q1 25 | 27.5% | 4.8% | ||
| Q4 24 | 21.6% | 19.0% | ||
| Q3 24 | 24.7% | 18.5% | ||
| Q2 24 | 22.8% | 14.1% | ||
| Q1 24 | 20.7% | -0.7% |
| Q4 25 | 0.4% | 4.1% | ||
| Q3 25 | 0.3% | 4.2% | ||
| Q2 25 | 0.7% | 3.4% | ||
| Q1 25 | 0.3% | 2.9% | ||
| Q4 24 | 0.1% | 4.0% | ||
| Q3 24 | 0.0% | 2.2% | ||
| Q2 24 | 0.1% | 1.8% | ||
| Q1 24 | 0.0% | 3.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.02× | ||
| Q2 25 | — | 1.98× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 2.35× | 4.27× | ||
| Q3 24 | 9.94× | 2.73× | ||
| Q2 24 | 10.35× | 1.62× | ||
| Q1 24 | 2.10× | 0.50× |
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% |
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
