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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $256.5M, roughly 1.6× TRIMAS CORP). TRIMAS CORP runs the higher net margin — 31.9% vs -0.6%, a 32.5% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 3.8%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $36.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 3.3%).
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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
BILL vs TRS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $256.5M |
| Net Profit | $-2.6M | $81.7M |
| Gross Margin | 79.8% | 12.8% |
| Operating Margin | -4.4% | 5.7% |
| Net Margin | -0.6% | 31.9% |
| Revenue YoY | 14.4% | 3.8% |
| Net Profit YoY | -107.7% | 236.9% |
| EPS (diluted) | $-0.03 | $2.03 |
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 | — | $256.5M | ||
| Q4 25 | $414.7M | $-140.0M | ||
| Q3 25 | $395.7M | $269.3M | ||
| Q2 25 | $383.3M | $274.8M | ||
| Q1 25 | $358.2M | $241.7M | ||
| Q4 24 | $362.6M | $-66.2M | ||
| Q3 24 | $358.4M | $229.4M | ||
| Q2 24 | $343.7M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | $-2.6M | $81.7M | ||
| Q3 25 | $-3.0M | $9.3M | ||
| Q2 25 | $-7.1M | $16.7M | ||
| Q1 25 | $-11.6M | $12.4M | ||
| Q4 24 | $33.5M | $5.6M | ||
| Q3 24 | $8.9M | $2.5M | ||
| Q2 24 | $7.6M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | 12.8% | ||
| Q2 25 | 80.8% | 13.8% | ||
| Q1 25 | 81.2% | 13.6% | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | 15.4% | ||
| Q2 24 | 81.0% | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | 6.2% | ||
| Q2 25 | -5.8% | 9.9% | ||
| Q1 25 | -8.1% | 9.0% | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.1% | 3.6% | ||
| Q2 24 | -6.5% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | -0.6% | -58.4% | ||
| Q3 25 | -0.7% | 3.5% | ||
| Q2 25 | -1.8% | 6.1% | ||
| Q1 25 | -3.2% | 5.1% | ||
| Q4 24 | 9.3% | -8.5% | ||
| Q3 24 | 2.5% | 1.1% | ||
| Q2 24 | 2.2% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | $-0.03 | $2.01 | ||
| Q3 25 | $-0.03 | $0.23 | ||
| Q2 25 | $0.02 | $0.41 | ||
| Q1 25 | $-0.11 | $0.30 | ||
| Q4 24 | $-0.06 | $0.14 | ||
| Q3 24 | $0.08 | $0.06 | ||
| Q2 24 | $0.37 | $0.27 |
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 | $30.0M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $705.6M |
| Total Assets | $10.1B | $1.5B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | $1.1B | $30.0M | ||
| Q3 25 | $1.1B | $33.6M | ||
| Q2 25 | $1.0B | $30.3M | ||
| Q1 25 | $1.0B | $32.7M | ||
| Q4 24 | $1.6B | $23.1M | ||
| Q3 24 | $853.5M | $26.9M | ||
| Q2 24 | $985.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $469.2M | ||
| Q3 25 | $1.9B | $407.1M | ||
| Q2 25 | $1.7B | $424.5M | ||
| Q1 25 | $1.7B | $434.2M | ||
| Q4 24 | $1.7B | $398.1M | ||
| Q3 24 | $914.8M | $409.9M | ||
| Q2 24 | $914.0M | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | $3.8B | $705.6M | ||
| Q3 25 | $3.9B | $725.0M | ||
| Q2 25 | $3.9B | $715.3M | ||
| Q1 25 | $3.9B | $686.6M | ||
| Q4 24 | $3.8B | $667.3M | ||
| Q3 24 | $4.0B | $682.8M | ||
| Q2 24 | $4.1B | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $10.1B | $1.5B | ||
| Q3 25 | $10.2B | $1.4B | ||
| Q2 25 | $10.1B | $1.4B | ||
| Q1 25 | $9.6B | $1.4B | ||
| Q4 24 | $9.7B | $1.3B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | $9.2B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 0.66× | ||
| Q3 25 | 0.48× | 0.56× | ||
| Q2 25 | 0.44× | 0.59× | ||
| Q1 25 | 0.43× | 0.63× | ||
| Q4 24 | 0.44× | 0.60× | ||
| Q3 24 | 0.23× | 0.60× | ||
| Q2 24 | 0.22× | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | $103.8M | $36.8M |
| FCF MarginFCF / Revenue | 25.0% | 14.4% |
| Capex IntensityCapex / Revenue | 0.4% | 18.9% |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | $105.3M | $41.5M | ||
| Q3 25 | $96.9M | $36.5M | ||
| Q2 25 | $83.8M | $30.3M | ||
| Q1 25 | $99.5M | $9.2M | ||
| Q4 24 | $78.7M | $27.1M | ||
| Q3 24 | $88.6M | $22.0M | ||
| Q2 24 | $78.6M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | $103.8M | $36.8M | ||
| Q3 25 | $95.6M | $22.8M | ||
| Q2 25 | $81.0M | $13.2M | ||
| Q1 25 | $98.4M | $-3.8M | ||
| Q4 24 | $78.3M | $12.1M | ||
| Q3 24 | $88.6M | $10.2M | ||
| Q2 24 | $78.4M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | 25.0% | -26.3% | ||
| Q3 25 | 24.1% | 8.5% | ||
| Q2 25 | 21.1% | 4.8% | ||
| Q1 25 | 27.5% | -1.6% | ||
| Q4 24 | 21.6% | -18.3% | ||
| Q3 24 | 24.7% | 4.4% | ||
| Q2 24 | 22.8% | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | 0.4% | -3.4% | ||
| Q3 25 | 0.3% | 5.1% | ||
| Q2 25 | 0.7% | 6.2% | ||
| Q1 25 | 0.3% | 5.4% | ||
| Q4 24 | 0.1% | -22.6% | ||
| Q3 24 | 0.0% | 5.2% | ||
| Q2 24 | 0.1% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 3.92× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | 2.35× | 4.80× | ||
| Q3 24 | 9.94× | 8.71× | ||
| Q2 24 | 10.35× | 1.68× |
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% |
TRS
Segment breakdown not available.
