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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Service Properties Trust (SVC). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $296.5M, roughly 1.4× Service Properties Trust). Service Properties Trust runs the higher net margin — -0.3% vs -0.6%, a 0.4% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs -17.0%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $-95.2M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -6.1%).
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.
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
BILL vs SVC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $296.5M |
| Net Profit | $-2.6M | $-782.0K |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | -3.9% |
| Net Margin | -0.6% | -0.3% |
| Revenue YoY | 14.4% | -17.0% |
| Net Profit YoY | -107.7% | 99.0% |
| EPS (diluted) | $-0.03 | $-0.01 |
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 | $296.5M | ||
| Q3 25 | $395.7M | $377.6M | ||
| Q2 25 | $383.3M | $404.4M | ||
| Q1 25 | $358.2M | $335.0M | ||
| Q4 24 | $362.6M | $357.0M | ||
| Q3 24 | $358.4M | $390.9M | ||
| Q2 24 | $343.7M | $412.5M | ||
| Q1 24 | $323.0M | $336.2M |
| Q4 25 | $-2.6M | $-782.0K | ||
| Q3 25 | $-3.0M | $-46.9M | ||
| Q2 25 | $-7.1M | $-38.2M | ||
| Q1 25 | $-11.6M | $-116.4M | ||
| Q4 24 | $33.5M | $-76.4M | ||
| Q3 24 | $8.9M | $-46.9M | ||
| Q2 24 | $7.6M | $-73.8M | ||
| Q1 24 | $31.8M | $-78.4M |
| 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% | -3.9% | ||
| Q3 25 | -5.2% | -12.8% | ||
| Q2 25 | -5.8% | -9.2% | ||
| Q1 25 | -8.1% | -33.3% | ||
| Q4 24 | -6.0% | -19.4% | ||
| Q3 24 | -2.1% | -12.8% | ||
| Q2 24 | -6.5% | -17.1% | ||
| Q1 24 | -8.6% | -21.4% |
| Q4 25 | -0.6% | -0.3% | ||
| Q3 25 | -0.7% | -12.4% | ||
| Q2 25 | -1.8% | -9.4% | ||
| Q1 25 | -3.2% | -34.8% | ||
| Q4 24 | 9.3% | -21.4% | ||
| Q3 24 | 2.5% | -12.0% | ||
| Q2 24 | 2.2% | -17.9% | ||
| Q1 24 | 9.8% | -23.3% |
| Q4 25 | $-0.03 | $-0.01 | ||
| Q3 25 | $-0.03 | $-0.28 | ||
| Q2 25 | $0.02 | $-0.23 | ||
| Q1 25 | $-0.11 | $-0.70 | ||
| Q4 24 | $-0.06 | $-0.46 | ||
| Q3 24 | $0.08 | $-0.28 | ||
| Q2 24 | $0.37 | $-0.45 | ||
| Q1 24 | $0.00 | $-0.48 |
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 | $346.8M |
| Total DebtLower is stronger | $1.8B | $5.5B |
| Stockholders' EquityBook value | $3.8B | $646.1M |
| Total Assets | $10.1B | $6.5B |
| Debt / EquityLower = less leverage | 0.48× | 8.52× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $346.8M | ||
| Q3 25 | $1.1B | $417.4M | ||
| Q2 25 | $1.0B | $63.2M | ||
| Q1 25 | $1.0B | $80.1M | ||
| Q4 24 | $1.6B | $143.5M | ||
| Q3 24 | $853.5M | $48.6M | ||
| Q2 24 | $985.9M | $14.6M | ||
| Q1 24 | $952.5M | $71.3M |
| Q4 25 | $1.8B | $5.5B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $5.8B | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $3.8B | $646.1M | ||
| Q3 25 | $3.9B | $647.9M | ||
| Q2 25 | $3.9B | $695.9M | ||
| Q1 25 | $3.9B | $734.6M | ||
| Q4 24 | $3.8B | $851.9M | ||
| Q3 24 | $4.0B | $929.0M | ||
| Q2 24 | $4.1B | $1.0B | ||
| Q1 24 | $4.1B | $1.1B |
| Q4 25 | $10.1B | $6.5B | ||
| Q3 25 | $10.2B | $7.0B | ||
| Q2 25 | $10.1B | $6.9B | ||
| Q1 25 | $9.6B | $7.0B | ||
| Q4 24 | $9.7B | $7.1B | ||
| Q3 24 | $9.0B | $7.1B | ||
| Q2 24 | $9.2B | $7.1B | ||
| Q1 24 | $9.1B | $7.2B |
| Q4 25 | 0.48× | 8.52× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 6.85× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | — |
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 | $-18.5M |
| Free Cash FlowOCF − Capex | $103.8M | $-95.2M |
| FCF MarginFCF / Revenue | 25.0% | -32.1% |
| Capex IntensityCapex / Revenue | 0.4% | 25.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $-107.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $-18.5M | ||
| Q3 25 | $96.9M | $98.1M | ||
| Q2 25 | $83.8M | $-7.0K | ||
| Q1 25 | $99.5M | $38.2M | ||
| Q4 24 | $78.7M | $-9.7M | ||
| Q3 24 | $88.6M | $106.2M | ||
| Q2 24 | $78.6M | $43.8M | ||
| Q1 24 | $66.8M | $-926.0K |
| Q4 25 | $103.8M | $-95.2M | ||
| Q3 25 | $95.6M | $57.9M | ||
| Q2 25 | $81.0M | $-46.6M | ||
| Q1 25 | $98.4M | $-23.2M | ||
| Q4 24 | $78.3M | $-88.9M | ||
| Q3 24 | $88.6M | $24.1M | ||
| Q2 24 | $78.4M | $-22.3M | ||
| Q1 24 | $66.8M | $-77.2M |
| Q4 25 | 25.0% | -32.1% | ||
| Q3 25 | 24.1% | 15.3% | ||
| Q2 25 | 21.1% | -11.5% | ||
| Q1 25 | 27.5% | -6.9% | ||
| Q4 24 | 21.6% | -24.9% | ||
| Q3 24 | 24.7% | 6.2% | ||
| Q2 24 | 22.8% | -5.4% | ||
| Q1 24 | 20.7% | -23.0% |
| Q4 25 | 0.4% | 25.9% | ||
| Q3 25 | 0.3% | 10.6% | ||
| Q2 25 | 0.7% | 11.5% | ||
| Q1 25 | 0.3% | 18.3% | ||
| Q4 24 | 0.1% | 22.2% | ||
| Q3 24 | 0.0% | 21.0% | ||
| Q2 24 | 0.1% | 16.0% | ||
| Q1 24 | 0.0% | 22.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | — |
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% |
SVC
Segment breakdown not available.
