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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $245.3M, roughly 1.7× Tecnoglass Inc.). Tecnoglass Inc. runs the higher net margin — 10.6% vs -0.6%, a 11.3% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 2.4%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $11.4M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 12.8%).
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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
BILL vs TGLS — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $245.3M |
| Net Profit | $-2.6M | $26.1M |
| Gross Margin | 79.8% | 40.0% |
| Operating Margin | -4.4% | 18.3% |
| Net Margin | -0.6% | 10.6% |
| Revenue YoY | 14.4% | 2.4% |
| Net Profit YoY | -107.7% | -44.5% |
| EPS (diluted) | $-0.03 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $395.7M | $260.5M | ||
| Q2 25 | $383.3M | $255.5M | ||
| Q1 25 | $358.2M | $222.3M | ||
| Q4 24 | $362.6M | $239.6M | ||
| Q3 24 | $358.4M | $238.3M | ||
| Q2 24 | $343.7M | $219.7M | ||
| Q1 24 | $323.0M | $192.6M |
| Q4 25 | $-2.6M | $26.1M | ||
| Q3 25 | $-3.0M | $47.2M | ||
| Q2 25 | $-7.1M | $44.1M | ||
| Q1 25 | $-11.6M | $42.2M | ||
| Q4 24 | $33.5M | $47.0M | ||
| Q3 24 | $8.9M | $49.5M | ||
| Q2 24 | $7.6M | $35.0M | ||
| Q1 24 | $31.8M | $29.7M |
| Q4 25 | 79.8% | 40.0% | ||
| Q3 25 | 80.5% | 42.7% | ||
| Q2 25 | 80.8% | 44.7% | ||
| Q1 25 | 81.2% | 43.9% | ||
| Q4 24 | 81.6% | 44.5% | ||
| Q3 24 | 82.0% | 45.8% | ||
| Q2 24 | 81.0% | 40.8% | ||
| Q1 24 | 83.0% | 38.8% |
| Q4 25 | -4.4% | 18.3% | ||
| Q3 25 | -5.2% | 25.1% | ||
| Q2 25 | -5.8% | 24.0% | ||
| Q1 25 | -8.1% | 26.7% | ||
| Q4 24 | -6.0% | 28.0% | ||
| Q3 24 | -2.1% | 28.4% | ||
| Q2 24 | -6.5% | 23.3% | ||
| Q1 24 | -8.6% | 21.3% |
| Q4 25 | -0.6% | 10.6% | ||
| Q3 25 | -0.7% | 18.1% | ||
| Q2 25 | -1.8% | 17.3% | ||
| Q1 25 | -3.2% | 19.0% | ||
| Q4 24 | 9.3% | 19.6% | ||
| Q3 24 | 2.5% | 20.8% | ||
| Q2 24 | 2.2% | 15.9% | ||
| Q1 24 | 9.8% | 15.4% |
| Q4 25 | $-0.03 | $0.57 | ||
| Q3 25 | $-0.03 | $1.01 | ||
| Q2 25 | $0.02 | $0.94 | ||
| Q1 25 | $-0.11 | $0.90 | ||
| Q4 24 | $-0.06 | $1.00 | ||
| Q3 24 | $0.08 | $1.05 | ||
| Q2 24 | $0.37 | $0.75 | ||
| Q1 24 | $0.00 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $1.8B | $174.4M |
| Stockholders' EquityBook value | $3.8B | $713.1M |
| Total Assets | $10.1B | $1.3B |
| Debt / EquityLower = less leverage | 0.48× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $104.1M | ||
| Q3 25 | $1.1B | $127.1M | ||
| Q2 25 | $1.0B | $140.9M | ||
| Q1 25 | $1.0B | $160.2M | ||
| Q4 24 | $1.6B | $137.5M | ||
| Q3 24 | $853.5M | $124.8M | ||
| Q2 24 | $985.9M | $129.5M | ||
| Q1 24 | $952.5M | $138.8M |
| Q4 25 | $1.8B | $174.4M | ||
| Q3 25 | $1.9B | $114.7M | ||
| Q2 25 | $1.7B | $110.6M | ||
| Q1 25 | $1.7B | $110.6M | ||
| Q4 24 | $1.7B | $111.1M | ||
| Q3 24 | $914.8M | $126.8M | ||
| Q2 24 | $914.0M | $144.7M | ||
| Q1 24 | $1.1B | $160.9M |
| Q4 25 | $3.8B | $713.1M | ||
| Q3 25 | $3.9B | $764.0M | ||
| Q2 25 | $3.9B | $736.0M | ||
| Q1 25 | $3.9B | $685.1M | ||
| Q4 24 | $3.8B | $631.2M | ||
| Q3 24 | $4.0B | $613.3M | ||
| Q2 24 | $4.1B | $574.8M | ||
| Q1 24 | $4.1B | $573.6M |
| Q4 25 | $10.1B | $1.3B | ||
| Q3 25 | $10.2B | $1.2B | ||
| Q2 25 | $10.1B | $1.2B | ||
| Q1 25 | $9.6B | $1.1B | ||
| Q4 24 | $9.7B | $1.0B | ||
| Q3 24 | $9.0B | $996.3M | ||
| Q2 24 | $9.2B | $942.5M | ||
| Q1 24 | $9.1B | $981.6M |
| Q4 25 | 0.48× | 0.24× | ||
| Q3 25 | 0.48× | 0.15× | ||
| Q2 25 | 0.44× | 0.15× | ||
| Q1 25 | 0.43× | 0.16× | ||
| Q4 24 | 0.44× | 0.18× | ||
| Q3 24 | 0.23× | 0.21× | ||
| Q2 24 | 0.22× | 0.25× | ||
| Q1 24 | 0.28× | 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 | $31.0M |
| Free Cash FlowOCF − Capex | $103.8M | $11.4M |
| FCF MarginFCF / Revenue | 25.0% | 4.7% |
| Capex IntensityCapex / Revenue | 0.4% | 8.0% |
| Cash ConversionOCF / Net Profit | — | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $31.0M | ||
| Q3 25 | $96.9M | $40.0M | ||
| Q2 25 | $83.8M | $17.9M | ||
| Q1 25 | $99.5M | $46.9M | ||
| Q4 24 | $78.7M | $61.1M | ||
| Q3 24 | $88.6M | $41.5M | ||
| Q2 24 | $78.6M | $34.5M | ||
| Q1 24 | $66.8M | $33.4M |
| Q4 25 | $103.8M | $11.4M | ||
| Q3 25 | $95.6M | $21.2M | ||
| Q2 25 | $81.0M | $-14.7M | ||
| Q1 25 | $98.4M | $16.5M | ||
| Q4 24 | $78.3M | $35.4M | ||
| Q3 24 | $88.6M | $17.8M | ||
| Q2 24 | $78.4M | $14.2M | ||
| Q1 24 | $66.8M | $23.6M |
| Q4 25 | 25.0% | 4.7% | ||
| Q3 25 | 24.1% | 8.2% | ||
| Q2 25 | 21.1% | -5.7% | ||
| Q1 25 | 27.5% | 7.4% | ||
| Q4 24 | 21.6% | 14.8% | ||
| Q3 24 | 24.7% | 7.5% | ||
| Q2 24 | 22.8% | 6.5% | ||
| Q1 24 | 20.7% | 12.2% |
| Q4 25 | 0.4% | 8.0% | ||
| Q3 25 | 0.3% | 7.2% | ||
| Q2 25 | 0.7% | 12.7% | ||
| Q1 25 | 0.3% | 13.7% | ||
| Q4 24 | 0.1% | 10.7% | ||
| Q3 24 | 0.0% | 9.9% | ||
| Q2 24 | 0.1% | 9.2% | ||
| Q1 24 | 0.0% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 2.35× | 1.30× | ||
| Q3 24 | 9.94× | 0.84× | ||
| Q2 24 | 10.35× | 0.98× | ||
| Q1 24 | 2.10× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
