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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $224.2M, roughly 1.8× STAG Industrial, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs -0.6%, a 28.3% 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 8.7%).
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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
BILL vs STAG — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $224.2M |
| Net Profit | $-2.6M | $62.0M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | — |
| Net Margin | -0.6% | 27.6% |
| Revenue YoY | 14.4% | 9.1% |
| Net Profit YoY | -107.7% | — |
| EPS (diluted) | $-0.03 | $0.32 |
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 | — | $224.2M | ||
| Q4 25 | $414.7M | $220.9M | ||
| Q3 25 | $395.7M | $211.1M | ||
| Q2 25 | $383.3M | $207.6M | ||
| Q1 25 | $358.2M | $205.6M | ||
| Q4 24 | $362.6M | $199.3M | ||
| Q3 24 | $358.4M | $190.7M | ||
| Q2 24 | $343.7M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $-2.6M | $83.5M | ||
| Q3 25 | $-3.0M | $48.6M | ||
| Q2 25 | $-7.1M | $50.0M | ||
| Q1 25 | $-11.6M | $91.4M | ||
| Q4 24 | $33.5M | $51.0M | ||
| Q3 24 | $8.9M | $41.9M | ||
| Q2 24 | $7.6M | $59.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | — | ||
| Q2 25 | -5.8% | — | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.1% | — | ||
| Q2 24 | -6.5% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | -0.6% | 37.8% | ||
| Q3 25 | -0.7% | 23.0% | ||
| Q2 25 | -1.8% | 24.1% | ||
| Q1 25 | -3.2% | 44.5% | ||
| Q4 24 | 9.3% | 25.6% | ||
| Q3 24 | 2.5% | 21.9% | ||
| Q2 24 | 2.2% | 31.5% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.37 | — |
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 | $8.9M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $3.6B |
| Total Assets | $10.1B | $7.2B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $1.1B | $14.9M | ||
| Q3 25 | $1.1B | $17.3M | ||
| Q2 25 | $1.0B | $15.4M | ||
| Q1 25 | $1.0B | $9.3M | ||
| Q4 24 | $1.6B | $36.3M | ||
| Q3 24 | $853.5M | $70.0M | ||
| Q2 24 | $985.9M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $3.3B | ||
| Q3 25 | $1.9B | $3.1B | ||
| 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 26 | — | $3.6B | ||
| Q4 25 | $3.8B | $3.6B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $3.9B | $3.4B | ||
| Q1 25 | $3.9B | $3.5B | ||
| Q4 24 | $3.8B | $3.5B | ||
| Q3 24 | $4.0B | $3.3B | ||
| Q2 24 | $4.1B | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $10.1B | $7.2B | ||
| Q3 25 | $10.2B | $6.9B | ||
| Q2 25 | $10.1B | $6.8B | ||
| Q1 25 | $9.6B | $6.8B | ||
| Q4 24 | $9.7B | $6.8B | ||
| Q3 24 | $9.0B | $6.6B | ||
| Q2 24 | $9.2B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 0.91× | ||
| Q3 25 | 0.48× | 0.91× | ||
| Q2 25 | 0.44× | 0.88× | ||
| Q1 25 | 0.43× | 0.87× | ||
| Q4 24 | 0.44× | 0.88× | ||
| Q3 24 | 0.23× | 0.89× | ||
| Q2 24 | 0.22× | 0.84× |
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% | 3.9% |
| 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 | $104.5M | ||
| Q3 25 | $96.9M | $143.5M | ||
| Q2 25 | $83.8M | $111.9M | ||
| Q1 25 | $99.5M | $103.5M | ||
| Q4 24 | $78.7M | $104.9M | ||
| Q3 24 | $88.6M | $128.0M | ||
| Q2 24 | $78.6M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $43.8M | ||
| Q3 25 | $95.6M | $95.5M | ||
| Q2 25 | $81.0M | $62.3M | ||
| Q1 25 | $98.4M | $57.2M | ||
| Q4 24 | $78.3M | $37.6M | ||
| Q3 24 | $88.6M | $86.7M | ||
| Q2 24 | $78.4M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 19.8% | ||
| Q3 25 | 24.1% | 45.2% | ||
| Q2 25 | 21.1% | 30.0% | ||
| Q1 25 | 27.5% | 27.8% | ||
| Q4 24 | 21.6% | 18.8% | ||
| Q3 24 | 24.7% | 45.5% | ||
| Q2 24 | 22.8% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 0.4% | 27.4% | ||
| Q3 25 | 0.3% | 22.7% | ||
| Q2 25 | 0.7% | 23.9% | ||
| Q1 25 | 0.3% | 22.5% | ||
| Q4 24 | 0.1% | 33.8% | ||
| Q3 24 | 0.0% | 21.6% | ||
| Q2 24 | 0.1% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.24× | ||
| Q1 25 | — | 1.13× | ||
| Q4 24 | 2.35× | 2.06× | ||
| Q3 24 | 9.94× | 3.06× | ||
| Q2 24 | 10.35× | 2.04× |
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% |
STAG
Segment breakdown not available.
