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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Vontier Corp (VNT). Click either name above to swap in a different company.
Vontier Corp is the larger business by last-quarter revenue ($808.5M vs $414.7M, roughly 1.9× BILL Holdings, Inc.). Vontier Corp runs the higher net margin — 15.3% vs -0.6%, a 15.9% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 4.1%). Vontier Corp produced more free cash flow last quarter ($174.8M vs $103.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 3.4%).
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.
Vontier Corporation is an industrial manufacturing company headquartered in Raleigh, North Carolina. It owns the brands Gilbarco Veeder-Root, Matco Tools and Teletrac Navman, including subsidiaries Hennessy Industries, Gasboy, and Global Traffic Technologies (GTT).
BILL vs VNT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $808.5M |
| Net Profit | $-2.6M | $123.5M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 18.9% |
| Net Margin | -0.6% | 15.3% |
| Revenue YoY | 14.4% | 4.1% |
| Net Profit YoY | -107.7% | 0.0% |
| EPS (diluted) | $-0.03 | $0.85 |
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 | $808.5M | ||
| Q3 25 | $395.7M | $752.5M | ||
| Q2 25 | $383.3M | $773.5M | ||
| Q1 25 | $358.2M | $741.1M | ||
| Q4 24 | $362.6M | $776.8M | ||
| Q3 24 | $358.4M | $750.0M | ||
| Q2 24 | $343.7M | $696.4M | ||
| Q1 24 | $323.0M | $755.8M |
| Q4 25 | $-2.6M | $123.5M | ||
| Q3 25 | $-3.0M | $102.8M | ||
| Q2 25 | $-7.1M | $91.9M | ||
| Q1 25 | $-11.6M | $87.9M | ||
| Q4 24 | $33.5M | $123.5M | ||
| Q3 24 | $8.9M | $91.8M | ||
| Q2 24 | $7.6M | $70.1M | ||
| Q1 24 | $31.8M | $136.8M |
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | 47.3% | ||
| Q2 25 | 80.8% | 47.9% | ||
| Q1 25 | 81.2% | 47.3% | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | 47.2% | ||
| Q2 24 | 81.0% | 48.2% | ||
| Q1 24 | 83.0% | 49.2% |
| Q4 25 | -4.4% | 18.9% | ||
| Q3 25 | -5.2% | 18.9% | ||
| Q2 25 | -5.8% | 17.6% | ||
| Q1 25 | -8.1% | 17.6% | ||
| Q4 24 | -6.0% | 19.2% | ||
| Q3 24 | -2.1% | 17.5% | ||
| Q2 24 | -6.5% | 16.4% | ||
| Q1 24 | -8.6% | 18.8% |
| Q4 25 | -0.6% | 15.3% | ||
| Q3 25 | -0.7% | 13.7% | ||
| Q2 25 | -1.8% | 11.9% | ||
| Q1 25 | -3.2% | 11.9% | ||
| Q4 24 | 9.3% | 15.9% | ||
| Q3 24 | 2.5% | 12.2% | ||
| Q2 24 | 2.2% | 10.1% | ||
| Q1 24 | 9.8% | 18.1% |
| Q4 25 | $-0.03 | $0.85 | ||
| Q3 25 | $-0.03 | $0.70 | ||
| Q2 25 | $0.02 | $0.62 | ||
| Q1 25 | $-0.11 | $0.59 | ||
| Q4 24 | $-0.06 | $0.82 | ||
| Q3 24 | $0.08 | $0.60 | ||
| Q2 24 | $0.37 | $0.45 | ||
| Q1 24 | $0.00 | $0.88 |
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 | $492.2M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $3.8B | $1.2B |
| Total Assets | $10.1B | $4.4B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $492.2M | ||
| Q3 25 | $1.1B | $433.8M | ||
| Q2 25 | $1.0B | $364.2M | ||
| Q1 25 | $1.0B | $333.6M | ||
| Q4 24 | $1.6B | $356.4M | ||
| Q3 24 | $853.5M | $330.9M | ||
| Q2 24 | $985.9M | $331.3M | ||
| Q1 24 | $952.5M | $406.0M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $3.8B | $1.2B | ||
| Q3 25 | $3.9B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $3.9B | $1.1B | ||
| Q4 24 | $3.8B | $1.1B | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $4.1B | $1.0B | ||
| Q1 24 | $4.1B | $984.9M |
| Q4 25 | $10.1B | $4.4B | ||
| Q3 25 | $10.2B | $4.4B | ||
| Q2 25 | $10.1B | $4.4B | ||
| Q1 25 | $9.6B | $4.3B | ||
| Q4 24 | $9.7B | $4.3B | ||
| Q3 24 | $9.0B | $4.3B | ||
| Q2 24 | $9.2B | $4.2B | ||
| Q1 24 | $9.1B | $4.3B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| 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 | $190.1M |
| Free Cash FlowOCF − Capex | $103.8M | $174.8M |
| FCF MarginFCF / Revenue | 25.0% | 21.6% |
| Capex IntensityCapex / Revenue | 0.4% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 1.54× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $441.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $190.1M | ||
| Q3 25 | $96.9M | $110.5M | ||
| Q2 25 | $83.8M | $100.0M | ||
| Q1 25 | $99.5M | $110.4M | ||
| Q4 24 | $78.7M | $168.1M | ||
| Q3 24 | $88.6M | $121.8M | ||
| Q2 24 | $78.6M | $46.1M | ||
| Q1 24 | $66.8M | $91.5M |
| Q4 25 | $103.8M | $174.8M | ||
| Q3 25 | $95.6M | $90.3M | ||
| Q2 25 | $81.0M | $83.3M | ||
| Q1 25 | $98.4M | $92.7M | ||
| Q4 24 | $78.3M | $148.0M | ||
| Q3 24 | $88.6M | $103.2M | ||
| Q2 24 | $78.4M | $22.3M | ||
| Q1 24 | $66.8M | $71.3M |
| Q4 25 | 25.0% | 21.6% | ||
| Q3 25 | 24.1% | 12.0% | ||
| Q2 25 | 21.1% | 10.8% | ||
| Q1 25 | 27.5% | 12.5% | ||
| Q4 24 | 21.6% | 19.1% | ||
| Q3 24 | 24.7% | 13.8% | ||
| Q2 24 | 22.8% | 3.2% | ||
| Q1 24 | 20.7% | 9.4% |
| Q4 25 | 0.4% | 1.9% | ||
| Q3 25 | 0.3% | 2.7% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.3% | 2.4% | ||
| Q4 24 | 0.1% | 2.6% | ||
| Q3 24 | 0.0% | 2.5% | ||
| Q2 24 | 0.1% | 3.4% | ||
| Q1 24 | 0.0% | 2.7% |
| Q4 25 | — | 1.54× | ||
| Q3 25 | — | 1.07× | ||
| Q2 25 | — | 1.09× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | 2.35× | 1.36× | ||
| Q3 24 | 9.94× | 1.33× | ||
| Q2 24 | 10.35× | 0.66× | ||
| Q1 24 | 2.10× | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
