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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Simpson Manufacturing Co., Inc. is the larger business by last-quarter revenue ($588.0M vs $414.7M, roughly 1.4× BILL Holdings, Inc.). Simpson Manufacturing Co., Inc. runs the higher net margin — 15.0% vs -0.6%, a 15.6% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 9.1%). 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.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
BILL vs SSD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $588.0M |
| Net Profit | $-2.6M | $88.2M |
| Gross Margin | 79.8% | 45.2% |
| Operating Margin | -4.4% | 19.5% |
| Net Margin | -0.6% | 15.0% |
| Revenue YoY | 14.4% | 9.1% |
| Net Profit YoY | -107.7% | 13.3% |
| EPS (diluted) | $-0.03 | $2.13 |
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 | — | $588.0M | ||
| Q4 25 | $414.7M | $539.3M | ||
| Q3 25 | $395.7M | $623.5M | ||
| Q2 25 | $383.3M | $631.1M | ||
| Q1 25 | $358.2M | $538.9M | ||
| Q4 24 | $362.6M | $517.4M | ||
| Q3 24 | $358.4M | $587.2M | ||
| Q2 24 | $343.7M | $597.0M |
| Q1 26 | — | $88.2M | ||
| Q4 25 | $-2.6M | $56.2M | ||
| Q3 25 | $-3.0M | $107.4M | ||
| Q2 25 | $-7.1M | $103.5M | ||
| Q1 25 | $-11.6M | $77.9M | ||
| Q4 24 | $33.5M | $55.4M | ||
| Q3 24 | $8.9M | $93.5M | ||
| Q2 24 | $7.6M | $97.8M |
| Q1 26 | — | 45.2% | ||
| Q4 25 | 79.8% | 43.4% | ||
| Q3 25 | 80.5% | 46.4% | ||
| Q2 25 | 80.8% | 46.7% | ||
| Q1 25 | 81.2% | 46.8% | ||
| Q4 24 | 81.6% | 44.0% | ||
| Q3 24 | 82.0% | 46.8% | ||
| Q2 24 | 81.0% | 46.7% |
| Q1 26 | — | 19.5% | ||
| Q4 25 | -4.4% | 13.9% | ||
| Q3 25 | -5.2% | 22.6% | ||
| Q2 25 | -5.8% | 22.2% | ||
| Q1 25 | -8.1% | 19.0% | ||
| Q4 24 | -6.0% | 14.8% | ||
| Q3 24 | -2.1% | 21.3% | ||
| Q2 24 | -6.5% | 22.1% |
| Q1 26 | — | 15.0% | ||
| Q4 25 | -0.6% | 10.4% | ||
| Q3 25 | -0.7% | 17.2% | ||
| Q2 25 | -1.8% | 16.4% | ||
| Q1 25 | -3.2% | 14.5% | ||
| Q4 24 | 9.3% | 10.7% | ||
| Q3 24 | 2.5% | 15.9% | ||
| Q2 24 | 2.2% | 16.4% |
| Q1 26 | — | $2.13 | ||
| Q4 25 | $-0.03 | $1.34 | ||
| Q3 25 | $-0.03 | $2.58 | ||
| Q2 25 | $0.02 | $2.47 | ||
| Q1 25 | $-0.11 | $1.85 | ||
| Q4 24 | $-0.06 | $1.31 | ||
| Q3 24 | $0.08 | $2.21 | ||
| Q2 24 | $0.37 | $2.31 |
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 | $341.0M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $2.1B |
| Total Assets | $10.1B | $3.0B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $341.0M | ||
| Q4 25 | $1.1B | $384.1M | ||
| Q3 25 | $1.1B | $297.3M | ||
| Q2 25 | $1.0B | $190.4M | ||
| Q1 25 | $1.0B | $150.3M | ||
| Q4 24 | $1.6B | $239.4M | ||
| Q3 24 | $853.5M | $339.4M | ||
| Q2 24 | $985.9M | $354.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $300.0M | ||
| Q3 25 | $1.9B | $371.3M | ||
| Q2 25 | $1.7B | $376.9M | ||
| Q1 25 | $1.7B | $382.5M | ||
| Q4 24 | $1.7B | $388.1M | ||
| Q3 24 | $914.8M | $393.8M | ||
| Q2 24 | $914.0M | $399.4M |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.8B | $2.0B | ||
| Q3 25 | $3.9B | $2.0B | ||
| Q2 25 | $3.9B | $1.9B | ||
| Q1 25 | $3.9B | $1.9B | ||
| Q4 24 | $3.8B | $1.8B | ||
| Q3 24 | $4.0B | $1.9B | ||
| Q2 24 | $4.1B | $1.8B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $10.1B | $3.1B | ||
| Q3 25 | $10.2B | $3.0B | ||
| Q2 25 | $10.1B | $3.0B | ||
| Q1 25 | $9.6B | $2.8B | ||
| Q4 24 | $9.7B | $2.7B | ||
| Q3 24 | $9.0B | $2.9B | ||
| Q2 24 | $9.2B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 0.15× | ||
| Q3 25 | 0.48× | 0.19× | ||
| Q2 25 | 0.44× | 0.20× | ||
| Q1 25 | 0.43× | 0.21× | ||
| Q4 24 | 0.44× | 0.21× | ||
| Q3 24 | 0.23× | 0.21× | ||
| Q2 24 | 0.22× | 0.23× |
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 | $155.7M | ||
| Q3 25 | $96.9M | $170.2M | ||
| Q2 25 | $83.8M | $125.2M | ||
| Q1 25 | $99.5M | $7.6M | ||
| Q4 24 | $78.7M | $115.8M | ||
| Q3 24 | $88.6M | $103.3M | ||
| Q2 24 | $78.6M | $111.1M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $119.0M | ||
| Q3 25 | $95.6M | $133.9M | ||
| Q2 25 | $81.0M | $87.3M | ||
| Q1 25 | $98.4M | $-42.6M | ||
| Q4 24 | $78.3M | $60.3M | ||
| Q3 24 | $88.6M | $58.1M | ||
| Q2 24 | $78.4M | $70.9M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 22.1% | ||
| Q3 25 | 24.1% | 21.5% | ||
| Q2 25 | 21.1% | 13.8% | ||
| Q1 25 | 27.5% | -7.9% | ||
| Q4 24 | 21.6% | 11.7% | ||
| Q3 24 | 24.7% | 9.9% | ||
| Q2 24 | 22.8% | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 6.8% | ||
| Q3 25 | 0.3% | 5.8% | ||
| Q2 25 | 0.7% | 6.0% | ||
| Q1 25 | 0.3% | 9.3% | ||
| Q4 24 | 0.1% | 10.7% | ||
| Q3 24 | 0.0% | 7.7% | ||
| Q2 24 | 0.1% | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 2.35× | 2.09× | ||
| Q3 24 | 9.94× | 1.10× | ||
| Q2 24 | 10.35× | 1.14× |
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% |
SSD
Segment breakdown not available.
