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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
BILL Holdings, Inc. is the larger business by last-quarter revenue ($414.7M vs $377.3M, roughly 1.1× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -0.6%, a 5.5% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 6.7%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $47.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 5.8%).
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.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
BILL vs VTOL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $377.3M |
| Net Profit | $-2.6M | $18.4M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 8.5% |
| Net Margin | -0.6% | 4.9% |
| Revenue YoY | 14.4% | 6.7% |
| Net Profit YoY | -107.7% | -42.1% |
| EPS (diluted) | $-0.03 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $395.7M | $386.3M | ||
| Q2 25 | $383.3M | $376.4M | ||
| Q1 25 | $358.2M | $350.5M | ||
| Q4 24 | $362.6M | $353.5M | ||
| Q3 24 | $358.4M | $365.1M | ||
| Q2 24 | $343.7M | $359.7M | ||
| Q1 24 | $323.0M | $337.1M |
| Q4 25 | $-2.6M | $18.4M | ||
| Q3 25 | $-3.0M | $51.5M | ||
| Q2 25 | $-7.1M | $31.7M | ||
| Q1 25 | $-11.6M | $27.4M | ||
| Q4 24 | $33.5M | $31.8M | ||
| Q3 24 | $8.9M | $28.2M | ||
| Q2 24 | $7.6M | $28.2M | ||
| Q1 24 | $31.8M | $6.6M |
| 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% | 8.5% | ||
| Q3 25 | -5.2% | 13.1% | ||
| Q2 25 | -5.8% | 11.3% | ||
| Q1 25 | -8.1% | 9.6% | ||
| Q4 24 | -6.0% | 9.0% | ||
| Q3 24 | -2.1% | 9.1% | ||
| Q2 24 | -6.5% | 12.4% | ||
| Q1 24 | -8.6% | 6.8% |
| Q4 25 | -0.6% | 4.9% | ||
| Q3 25 | -0.7% | 13.3% | ||
| Q2 25 | -1.8% | 8.4% | ||
| Q1 25 | -3.2% | 7.8% | ||
| Q4 24 | 9.3% | 9.0% | ||
| Q3 24 | 2.5% | 7.7% | ||
| Q2 24 | 2.2% | 7.8% | ||
| Q1 24 | 9.8% | 2.0% |
| Q4 25 | $-0.03 | $0.61 | ||
| Q3 25 | $-0.03 | $1.72 | ||
| Q2 25 | $0.02 | $1.07 | ||
| Q1 25 | $-0.11 | $0.92 | ||
| Q4 24 | $-0.06 | $1.07 | ||
| Q3 24 | $0.08 | $0.95 | ||
| Q2 24 | $0.37 | $0.96 | ||
| Q1 24 | $0.00 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | $1.8B | $671.5M |
| Stockholders' EquityBook value | $3.8B | $1.1B |
| Total Assets | $10.1B | $2.3B |
| Debt / EquityLower = less leverage | 0.48× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $286.2M | ||
| Q3 25 | $1.1B | $245.5M | ||
| Q2 25 | $1.0B | $251.8M | ||
| Q1 25 | $1.0B | $191.1M | ||
| Q4 24 | $1.6B | $247.5M | ||
| Q3 24 | $853.5M | $200.3M | ||
| Q2 24 | $985.9M | $178.6M | ||
| Q1 24 | $952.5M | $140.6M |
| Q4 25 | $1.8B | $671.5M | ||
| Q3 25 | $1.9B | $675.0M | ||
| Q2 25 | $1.7B | $705.2M | ||
| Q1 25 | $1.7B | $701.9M | ||
| Q4 24 | $1.7B | $689.8M | ||
| Q3 24 | $914.8M | $629.1M | ||
| Q2 24 | $914.0M | $594.2M | ||
| Q1 24 | $1.1B | $544.1M |
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.9B | $1.0B | ||
| Q2 25 | $3.9B | $984.4M | ||
| Q1 25 | $3.9B | $931.7M | ||
| Q4 24 | $3.8B | $891.7M | ||
| Q3 24 | $4.0B | $899.2M | ||
| Q2 24 | $4.1B | $849.1M | ||
| Q1 24 | $4.1B | $820.7M |
| Q4 25 | $10.1B | $2.3B | ||
| Q3 25 | $10.2B | $2.3B | ||
| Q2 25 | $10.1B | $2.3B | ||
| Q1 25 | $9.6B | $2.2B | ||
| Q4 24 | $9.7B | $2.1B | ||
| Q3 24 | $9.0B | $2.1B | ||
| Q2 24 | $9.2B | $2.0B | ||
| Q1 24 | $9.1B | $1.9B |
| Q4 25 | 0.48× | 0.63× | ||
| Q3 25 | 0.48× | 0.65× | ||
| Q2 25 | 0.44× | 0.72× | ||
| Q1 25 | 0.43× | 0.75× | ||
| Q4 24 | 0.44× | 0.77× | ||
| Q3 24 | 0.23× | 0.70× | ||
| Q2 24 | 0.22× | 0.70× | ||
| Q1 24 | 0.28× | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $103.8M | $47.8M |
| FCF MarginFCF / Revenue | 25.0% | 12.7% |
| Capex IntensityCapex / Revenue | 0.4% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $76.9M | ||
| Q3 25 | $96.9M | $23.1M | ||
| Q2 25 | $83.8M | $99.0M | ||
| Q1 25 | $99.5M | $-603.0K | ||
| Q4 24 | $78.7M | $51.1M | ||
| Q3 24 | $88.6M | $66.0M | ||
| Q2 24 | $78.6M | $33.7M | ||
| Q1 24 | $66.8M | $26.7M |
| Q4 25 | $103.8M | $47.8M | ||
| Q3 25 | $95.6M | $-6.2M | ||
| Q2 25 | $81.0M | $67.4M | ||
| Q1 25 | $98.4M | $-52.7M | ||
| Q4 24 | $78.3M | $-32.4M | ||
| Q3 24 | $88.6M | $9.0M | ||
| Q2 24 | $78.4M | $-16.7M | ||
| Q1 24 | $66.8M | $-37.9M |
| Q4 25 | 25.0% | 12.7% | ||
| Q3 25 | 24.1% | -1.6% | ||
| Q2 25 | 21.1% | 17.9% | ||
| Q1 25 | 27.5% | -15.0% | ||
| Q4 24 | 21.6% | -9.2% | ||
| Q3 24 | 24.7% | 2.5% | ||
| Q2 24 | 22.8% | -4.6% | ||
| Q1 24 | 20.7% | -11.2% |
| Q4 25 | 0.4% | 7.7% | ||
| Q3 25 | 0.3% | 7.6% | ||
| Q2 25 | 0.7% | 8.4% | ||
| Q1 25 | 0.3% | 14.9% | ||
| Q4 24 | 0.1% | 23.6% | ||
| Q3 24 | 0.0% | 15.6% | ||
| Q2 24 | 0.1% | 14.0% | ||
| Q1 24 | 0.0% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | 2.35× | 1.61× | ||
| Q3 24 | 9.94× | 2.34× | ||
| Q2 24 | 10.35× | 1.20× | ||
| Q1 24 | 2.10× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
