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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and WERNER ENTERPRISES INC (WERN). Click either name above to swap in a different company.
WERNER ENTERPRISES INC is the larger business by last-quarter revenue ($808.6M vs $414.7M, roughly 2.0× BILL Holdings, Inc.). WERNER ENTERPRISES INC runs the higher net margin — -0.5% vs -0.6%, a 0.1% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 13.6%). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 4.3%).
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.
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
BILL vs WERN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $808.6M |
| Net Profit | $-2.6M | $-4.3M |
| Gross Margin | 79.8% | — |
| Operating Margin | -4.4% | 75.5% |
| Net Margin | -0.6% | -0.5% |
| Revenue YoY | 14.4% | 13.6% |
| Net Profit YoY | -107.7% | 57.8% |
| EPS (diluted) | $-0.03 | $-0.07 |
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 | — | $808.6M | ||
| Q4 25 | $414.7M | $719.9M | ||
| Q3 25 | $395.7M | $752.2M | ||
| Q2 25 | $383.3M | $734.1M | ||
| Q1 25 | $358.2M | $693.4M | ||
| Q4 24 | $362.6M | $736.6M | ||
| Q3 24 | $358.4M | $726.3M | ||
| Q2 24 | $343.7M | $742.7M |
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $-2.6M | $-27.8M | ||
| Q3 25 | $-3.0M | $-20.6M | ||
| Q2 25 | $-7.1M | $44.1M | ||
| Q1 25 | $-11.6M | $-10.1M | ||
| Q4 24 | $33.5M | $11.9M | ||
| Q3 24 | $8.9M | $6.6M | ||
| Q2 24 | $7.6M | $9.5M |
| Q1 26 | — | — | ||
| 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 26 | — | 75.5% | ||
| Q4 25 | -4.4% | -5.0% | ||
| Q3 25 | -5.2% | -1.7% | ||
| Q2 25 | -5.8% | 9.0% | ||
| Q1 25 | -8.1% | -0.8% | ||
| Q4 24 | -6.0% | 1.8% | ||
| Q3 24 | -2.1% | 2.4% | ||
| Q2 24 | -6.5% | 2.6% |
| Q1 26 | — | -0.5% | ||
| Q4 25 | -0.6% | -3.9% | ||
| Q3 25 | -0.7% | -2.7% | ||
| Q2 25 | -1.8% | 6.0% | ||
| Q1 25 | -3.2% | -1.5% | ||
| Q4 24 | 9.3% | 1.6% | ||
| Q3 24 | 2.5% | 0.9% | ||
| Q2 24 | 2.2% | 1.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.03 | $-0.46 | ||
| Q3 25 | $-0.03 | $-0.34 | ||
| Q2 25 | $0.02 | $0.72 | ||
| Q1 25 | $-0.11 | $-0.16 | ||
| Q4 24 | $-0.06 | $0.19 | ||
| Q3 24 | $0.08 | $0.11 | ||
| Q2 24 | $0.37 | $0.15 |
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 | $61.5M |
| Total DebtLower is stronger | $1.8B | $878.2M |
| Stockholders' EquityBook value | $3.8B | $1.4B |
| Total Assets | $10.1B | $3.3B |
| Debt / EquityLower = less leverage | 0.48× | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.5M | ||
| Q4 25 | $1.1B | $59.9M | ||
| Q3 25 | $1.1B | $51.0M | ||
| Q2 25 | $1.0B | $51.4M | ||
| Q1 25 | $1.0B | $52.0M | ||
| Q4 24 | $1.6B | $40.8M | ||
| Q3 24 | $853.5M | $54.7M | ||
| Q2 24 | $985.9M | $70.4M |
| Q1 26 | — | $878.2M | ||
| Q4 25 | $1.8B | $752.0M | ||
| Q3 25 | $1.9B | $725.0M | ||
| Q2 25 | $1.7B | $725.0M | ||
| Q1 25 | $1.7B | $640.0M | ||
| Q4 24 | $1.7B | $650.0M | ||
| Q3 24 | $914.8M | $690.0M | ||
| Q2 24 | $914.0M | $670.0M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $3.9B | $1.4B | ||
| Q4 24 | $3.8B | $1.5B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $4.1B | $1.5B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $10.1B | $2.9B | ||
| Q3 25 | $10.2B | $3.0B | ||
| Q2 25 | $10.1B | $2.9B | ||
| Q1 25 | $9.6B | $3.0B | ||
| Q4 24 | $9.7B | $3.1B | ||
| Q3 24 | $9.0B | $3.1B | ||
| Q2 24 | $9.2B | $3.1B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | 0.48× | 0.55× | ||
| Q3 25 | 0.48× | 0.52× | ||
| Q2 25 | 0.44× | 0.51× | ||
| Q1 25 | 0.43× | 0.45× | ||
| Q4 24 | 0.44× | 0.45× | ||
| Q3 24 | 0.23× | 0.48× | ||
| Q2 24 | 0.22× | 0.46× |
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 | — |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 25.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $62.3M | ||
| Q3 25 | $96.9M | $44.1M | ||
| Q2 25 | $83.8M | $46.0M | ||
| Q1 25 | $99.5M | $29.4M | ||
| Q4 24 | $78.7M | $71.0M | ||
| Q3 24 | $88.6M | $61.0M | ||
| Q2 24 | $78.6M | $109.1M |
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $-23.5M | ||
| Q3 25 | $95.6M | $-8.6M | ||
| Q2 25 | $81.0M | $-42.3M | ||
| Q1 25 | $98.4M | $5.9M | ||
| Q4 24 | $78.3M | $-9.8M | ||
| Q3 24 | $88.6M | $-73.4M | ||
| Q2 24 | $78.4M | $-31.2M |
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | -3.3% | ||
| Q3 25 | 24.1% | -1.1% | ||
| Q2 25 | 21.1% | -5.8% | ||
| Q1 25 | 27.5% | 0.8% | ||
| Q4 24 | 21.6% | -1.3% | ||
| Q3 24 | 24.7% | -10.1% | ||
| Q2 24 | 22.8% | -4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | 0.4% | 11.9% | ||
| Q3 25 | 0.3% | 7.0% | ||
| Q2 25 | 0.7% | 12.0% | ||
| Q1 25 | 0.3% | 3.4% | ||
| Q4 24 | 0.1% | 11.0% | ||
| Q3 24 | 0.0% | 18.5% | ||
| Q2 24 | 0.1% | 18.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 5.97× | ||
| Q3 24 | 9.94× | 9.30× | ||
| Q2 24 | 10.35× | 11.52× |
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% |
WERN
Segment breakdown not available.
