vs
Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $414.7M, roughly 1.4× BILL Holdings, Inc.). BILL Holdings, Inc. runs the higher net margin — -0.6% vs -33.1%, 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 -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $103.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
BILL vs WSC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $566.0M |
| Net Profit | $-2.6M | $-187.3M |
| Gross Margin | 79.8% | 50.4% |
| Operating Margin | -4.4% | -32.5% |
| Net Margin | -0.6% | -33.1% |
| Revenue YoY | 14.4% | -6.1% |
| Net Profit YoY | -107.7% | -310.0% |
| EPS (diluted) | $-0.03 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $395.7M | $566.8M | ||
| Q2 25 | $383.3M | $589.1M | ||
| Q1 25 | $358.2M | $559.6M | ||
| Q4 24 | $362.6M | $602.5M | ||
| Q3 24 | $358.4M | $601.4M | ||
| Q2 24 | $343.7M | $604.6M | ||
| Q1 24 | $323.0M | $587.2M |
| Q4 25 | $-2.6M | $-187.3M | ||
| Q3 25 | $-3.0M | $43.3M | ||
| Q2 25 | $-7.1M | $47.9M | ||
| Q1 25 | $-11.6M | $43.1M | ||
| Q4 24 | $33.5M | $89.2M | ||
| Q3 24 | $8.9M | $-70.5M | ||
| Q2 24 | $7.6M | $-46.9M | ||
| Q1 24 | $31.8M | $56.2M |
| Q4 25 | 79.8% | 50.4% | ||
| Q3 25 | 80.5% | 49.7% | ||
| Q2 25 | 80.8% | 50.3% | ||
| Q1 25 | 81.2% | 53.7% | ||
| Q4 24 | 81.6% | 55.8% | ||
| Q3 24 | 82.0% | 53.5% | ||
| Q2 24 | 81.0% | 54.1% | ||
| Q1 24 | 83.0% | 54.0% |
| Q4 25 | -4.4% | -32.5% | ||
| Q3 25 | -5.2% | 21.0% | ||
| Q2 25 | -5.8% | 21.5% | ||
| Q1 25 | -8.1% | 21.3% | ||
| Q4 24 | -6.0% | 28.9% | ||
| Q3 24 | -2.1% | -5.9% | ||
| Q2 24 | -6.5% | -0.9% | ||
| Q1 24 | -8.6% | 22.1% |
| Q4 25 | -0.6% | -33.1% | ||
| Q3 25 | -0.7% | 7.6% | ||
| Q2 25 | -1.8% | 8.1% | ||
| Q1 25 | -3.2% | 7.7% | ||
| Q4 24 | 9.3% | 14.8% | ||
| Q3 24 | 2.5% | -11.7% | ||
| Q2 24 | 2.2% | -7.7% | ||
| Q1 24 | 9.8% | 9.6% |
| Q4 25 | $-0.03 | $-1.02 | ||
| Q3 25 | $-0.03 | $0.24 | ||
| Q2 25 | $0.02 | $0.26 | ||
| Q1 25 | $-0.11 | $0.23 | ||
| Q4 24 | $-0.06 | $0.48 | ||
| Q3 24 | $0.08 | $-0.37 | ||
| Q2 24 | $0.37 | $-0.25 | ||
| Q1 24 | $0.00 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $1.8B | $3.6B |
| Stockholders' EquityBook value | $3.8B | $856.3M |
| Total Assets | $10.1B | $5.8B |
| Debt / EquityLower = less leverage | 0.48× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $14.6M | ||
| Q3 25 | $1.1B | $14.8M | ||
| Q2 25 | $1.0B | $12.8M | ||
| Q1 25 | $1.0B | $10.7M | ||
| Q4 24 | $1.6B | $9.0M | ||
| Q3 24 | $853.5M | $11.0M | ||
| Q2 24 | $985.9M | $5.9M | ||
| Q1 24 | $952.5M | $13.1M |
| Q4 25 | $1.8B | $3.6B | ||
| Q3 25 | $1.9B | $3.6B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.7B | $3.6B | ||
| Q4 24 | $1.7B | $3.7B | ||
| Q3 24 | $914.8M | $3.6B | ||
| Q2 24 | $914.0M | $3.5B | ||
| Q1 24 | $1.1B | $3.5B |
| Q4 25 | $3.8B | $856.3M | ||
| Q3 25 | $3.9B | $1.1B | ||
| Q2 25 | $3.9B | $1.0B | ||
| Q1 25 | $3.9B | $1.0B | ||
| Q4 24 | $3.8B | $1.0B | ||
| Q3 24 | $4.0B | $1.1B | ||
| Q2 24 | $4.1B | $1.2B | ||
| Q1 24 | $4.1B | $1.3B |
| Q4 25 | $10.1B | $5.8B | ||
| Q3 25 | $10.2B | $6.1B | ||
| Q2 25 | $10.1B | $6.1B | ||
| Q1 25 | $9.6B | $6.0B | ||
| Q4 24 | $9.7B | $6.0B | ||
| Q3 24 | $9.0B | $6.0B | ||
| Q2 24 | $9.2B | $6.0B | ||
| Q1 24 | $9.1B | $6.2B |
| Q4 25 | 0.48× | 4.15× | ||
| Q3 25 | 0.48× | 3.39× | ||
| Q2 25 | 0.44× | 3.55× | ||
| Q1 25 | 0.43× | 3.56× | ||
| Q4 24 | 0.44× | 3.62× | ||
| Q3 24 | 0.23× | 3.42× | ||
| Q2 24 | 0.22× | 2.88× | ||
| Q1 24 | 0.28× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $103.8M | $149.7M |
| FCF MarginFCF / Revenue | 25.0% | 26.5% |
| Capex IntensityCapex / Revenue | 0.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | $158.9M | ||
| Q3 25 | $96.9M | $191.2M | ||
| Q2 25 | $83.8M | $205.3M | ||
| Q1 25 | $99.5M | $206.6M | ||
| Q4 24 | $78.7M | $178.9M | ||
| Q3 24 | $88.6M | $-1.6M | ||
| Q2 24 | $78.6M | $175.6M | ||
| Q1 24 | $66.8M | $208.7M |
| Q4 25 | $103.8M | $149.7M | ||
| Q3 25 | $95.6M | $186.9M | ||
| Q2 25 | $81.0M | $199.0M | ||
| Q1 25 | $98.4M | $202.0M | ||
| Q4 24 | $78.3M | $176.6M | ||
| Q3 24 | $88.6M | $-4.9M | ||
| Q2 24 | $78.4M | $169.4M | ||
| Q1 24 | $66.8M | $202.1M |
| Q4 25 | 25.0% | 26.5% | ||
| Q3 25 | 24.1% | 33.0% | ||
| Q2 25 | 21.1% | 33.8% | ||
| Q1 25 | 27.5% | 36.1% | ||
| Q4 24 | 21.6% | 29.3% | ||
| Q3 24 | 24.7% | -0.8% | ||
| Q2 24 | 22.8% | 28.0% | ||
| Q1 24 | 20.7% | 34.4% |
| Q4 25 | 0.4% | 1.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.7% | 1.1% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.1% | 0.4% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.1% | 1.0% | ||
| Q1 24 | 0.0% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 2.35× | 2.01× | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
