vs
Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($629.0M vs $414.7M, roughly 1.5× BILL Holdings, Inc.). BILL Holdings, Inc. runs the higher net margin — -0.6% vs -32.6%, a 32.0% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 0.6%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-3.0M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -0.8%).
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.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
BILL vs PK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $629.0M |
| Net Profit | $-2.6M | $-205.0M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | -26.1% |
| Net Margin | -0.6% | -32.6% |
| Revenue YoY | 14.4% | 0.6% |
| Net Profit YoY | -107.7% | -410.6% |
| EPS (diluted) | $-0.03 | $-1.04 |
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 | $629.0M | ||
| Q3 25 | $395.7M | $610.0M | ||
| Q2 25 | $383.3M | $672.0M | ||
| Q1 25 | $358.2M | $630.0M | ||
| Q4 24 | $362.6M | $625.0M | ||
| Q3 24 | $358.4M | $649.0M | ||
| Q2 24 | $343.7M | $686.0M | ||
| Q1 24 | $323.0M | $639.0M |
| Q4 25 | $-2.6M | $-205.0M | ||
| Q3 25 | $-3.0M | $-16.0M | ||
| Q2 25 | $-7.1M | $-5.0M | ||
| Q1 25 | $-11.6M | $-57.0M | ||
| Q4 24 | $33.5M | $66.0M | ||
| Q3 24 | $8.9M | $54.0M | ||
| Q2 24 | $7.6M | $64.0M | ||
| Q1 24 | $31.8M | $28.0M |
| 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% | -26.1% | ||
| Q3 25 | -5.2% | 9.7% | ||
| Q2 25 | -5.8% | 9.7% | ||
| Q1 25 | -8.1% | 1.1% | ||
| Q4 24 | -6.0% | 13.3% | ||
| Q3 24 | -2.1% | 14.6% | ||
| Q2 24 | -6.5% | 17.6% | ||
| Q1 24 | -8.6% | 14.4% |
| Q4 25 | -0.6% | -32.6% | ||
| Q3 25 | -0.7% | -2.6% | ||
| Q2 25 | -1.8% | -0.7% | ||
| Q1 25 | -3.2% | -9.0% | ||
| Q4 24 | 9.3% | 10.6% | ||
| Q3 24 | 2.5% | 8.3% | ||
| Q2 24 | 2.2% | 9.3% | ||
| Q1 24 | 9.8% | 4.4% |
| Q4 25 | $-0.03 | $-1.04 | ||
| Q3 25 | $-0.03 | $-0.08 | ||
| Q2 25 | $0.02 | $-0.02 | ||
| Q1 25 | $-0.11 | $-0.29 | ||
| Q4 24 | $-0.06 | $0.32 | ||
| Q3 24 | $0.08 | $0.26 | ||
| Q2 24 | $0.37 | $0.30 | ||
| Q1 24 | $0.00 | $0.13 |
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 | $232.0M |
| Total DebtLower is stronger | $1.8B | $3.9B |
| Stockholders' EquityBook value | $3.8B | $3.1B |
| Total Assets | $10.1B | $7.7B |
| Debt / EquityLower = less leverage | 0.48× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $232.0M | ||
| Q3 25 | $1.1B | $278.0M | ||
| Q2 25 | $1.0B | $319.0M | ||
| Q1 25 | $1.0B | $233.0M | ||
| Q4 24 | $1.6B | $402.0M | ||
| Q3 24 | $853.5M | $480.0M | ||
| Q2 24 | $985.9M | $449.0M | ||
| Q1 24 | $952.5M | $378.0M |
| Q4 25 | $1.8B | $3.9B | ||
| Q3 25 | $1.9B | $3.9B | ||
| Q2 25 | $1.7B | $3.9B | ||
| Q1 25 | $1.7B | $3.9B | ||
| Q4 24 | $1.7B | $3.9B | ||
| Q3 24 | $914.8M | $3.9B | ||
| Q2 24 | $914.0M | $3.9B | ||
| Q1 24 | $1.1B | $3.8B |
| Q4 25 | $3.8B | $3.1B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $3.9B | $3.4B | ||
| Q1 25 | $3.9B | $3.5B | ||
| Q4 24 | $3.8B | $3.6B | ||
| Q3 24 | $4.0B | $3.8B | ||
| Q2 24 | $4.1B | $3.8B | ||
| Q1 24 | $4.1B | $3.8B |
| Q4 25 | $10.1B | $7.7B | ||
| Q3 25 | $10.2B | $8.8B | ||
| Q2 25 | $10.1B | $8.9B | ||
| Q1 25 | $9.6B | $8.9B | ||
| Q4 24 | $9.7B | $9.2B | ||
| Q3 24 | $9.0B | $9.2B | ||
| Q2 24 | $9.2B | $9.2B | ||
| Q1 24 | $9.1B | $9.1B |
| Q4 25 | 0.48× | 1.23× | ||
| Q3 25 | 0.48× | 1.14× | ||
| Q2 25 | 0.44× | 1.12× | ||
| Q1 25 | 0.43× | 1.11× | ||
| Q4 24 | 0.44× | 1.06× | ||
| Q3 24 | 0.23× | 1.03× | ||
| Q2 24 | 0.22× | 1.03× | ||
| Q1 24 | 0.28× | 1.00× |
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 | $105.0M |
| Free Cash FlowOCF − Capex | $103.8M | $-3.0M |
| FCF MarginFCF / Revenue | 25.0% | -0.5% |
| Capex IntensityCapex / Revenue | 0.4% | 17.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $105.0M | ||
| Q3 25 | $96.9M | $99.0M | ||
| Q2 25 | $83.8M | $108.0M | ||
| Q1 25 | $99.5M | $86.0M | ||
| Q4 24 | $78.7M | $80.0M | ||
| Q3 24 | $88.6M | $140.0M | ||
| Q2 24 | $78.6M | $117.0M | ||
| Q1 24 | $66.8M | $92.0M |
| Q4 25 | $103.8M | $-3.0M | ||
| Q3 25 | $95.6M | $31.0M | ||
| Q2 25 | $81.0M | $65.0M | ||
| Q1 25 | $98.4M | $9.0M | ||
| Q4 24 | $78.3M | $17.0M | ||
| Q3 24 | $88.6M | $97.0M | ||
| Q2 24 | $78.4M | $66.0M | ||
| Q1 24 | $66.8M | $22.0M |
| Q4 25 | 25.0% | -0.5% | ||
| Q3 25 | 24.1% | 5.1% | ||
| Q2 25 | 21.1% | 9.7% | ||
| Q1 25 | 27.5% | 1.4% | ||
| Q4 24 | 21.6% | 2.7% | ||
| Q3 24 | 24.7% | 14.9% | ||
| Q2 24 | 22.8% | 9.6% | ||
| Q1 24 | 20.7% | 3.4% |
| Q4 25 | 0.4% | 17.2% | ||
| Q3 25 | 0.3% | 11.1% | ||
| Q2 25 | 0.7% | 6.4% | ||
| Q1 25 | 0.3% | 12.2% | ||
| Q4 24 | 0.1% | 10.1% | ||
| Q3 24 | 0.0% | 6.6% | ||
| Q2 24 | 0.1% | 7.4% | ||
| Q1 24 | 0.0% | 11.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 1.21× | ||
| Q3 24 | 9.94× | 2.59× | ||
| Q2 24 | 10.35× | 1.83× | ||
| Q1 24 | 2.10× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
