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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $414.7M, roughly 1.2× BILL Holdings, Inc.). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -0.6%, a 6.8% gap on every dollar of revenue. On growth, WOLVERINE WORLD WIDE INC posted the faster year-over-year revenue change (25.5% vs 14.4%). WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $103.8M). Over the past eight quarters, WOLVERINE WORLD WIDE INC's revenue compounded faster (14.5% CAGR vs 13.3%).
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.
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
BILL vs WWW — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $517.5M |
| Net Profit | $-2.6M | $31.8M |
| Gross Margin | 79.8% | 47.3% |
| Operating Margin | -4.4% | 9.7% |
| Net Margin | -0.6% | 6.1% |
| Revenue YoY | 14.4% | 25.5% |
| Net Profit YoY | -107.7% | 162.8% |
| EPS (diluted) | $-0.03 | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $414.7M | — | ||
| Q3 25 | $395.7M | $470.3M | ||
| Q2 25 | $383.3M | $474.2M | ||
| Q1 25 | $358.2M | $412.3M | ||
| Q4 24 | $362.6M | $494.7M | ||
| Q3 24 | $358.4M | $440.2M | ||
| Q2 24 | $343.7M | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $25.1M | ||
| Q2 25 | $-7.1M | $26.8M | ||
| Q1 25 | $-11.6M | $12.1M | ||
| Q4 24 | $33.5M | $23.1M | ||
| Q3 24 | $8.9M | $23.2M | ||
| Q2 24 | $7.6M | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | 47.5% | ||
| Q2 25 | 80.8% | 47.2% | ||
| Q1 25 | 81.2% | 47.2% | ||
| Q4 24 | 81.6% | 43.4% | ||
| Q3 24 | 82.0% | 45.1% | ||
| Q2 24 | 81.0% | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | 8.4% | ||
| Q2 25 | -5.8% | 8.6% | ||
| Q1 25 | -8.1% | 4.8% | ||
| Q4 24 | -6.0% | 7.4% | ||
| Q3 24 | -2.1% | 7.9% | ||
| Q2 24 | -6.5% | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | 5.3% | ||
| Q2 25 | -1.8% | 5.7% | ||
| Q1 25 | -3.2% | 2.9% | ||
| Q4 24 | 9.3% | 4.7% | ||
| Q3 24 | 2.5% | 5.3% | ||
| Q2 24 | 2.2% | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $0.30 | ||
| Q2 25 | $0.02 | $0.32 | ||
| Q1 25 | $-0.11 | $0.15 | ||
| Q4 24 | $-0.06 | $0.29 | ||
| Q3 24 | $0.08 | $0.28 | ||
| Q2 24 | $0.37 | $0.17 |
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 | — |
| Total DebtLower is stronger | $1.8B | $621.7M |
| Stockholders' EquityBook value | $3.8B | $408.0M |
| Total Assets | $10.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.48× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | — | ||
| Q2 24 | $985.9M | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $676.4M | ||
| Q2 25 | $1.7B | $708.5M | ||
| Q1 25 | $1.7B | $710.8M | ||
| Q4 24 | $1.7B | $648.0M | ||
| Q3 24 | $914.8M | $702.8M | ||
| Q2 24 | $914.0M | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.9B | $376.7M | ||
| Q2 25 | $3.9B | $344.0M | ||
| Q1 25 | $3.9B | $310.6M | ||
| Q4 24 | $3.8B | $312.9M | ||
| Q3 24 | $4.0B | $295.2M | ||
| Q2 24 | $4.1B | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | $1.7B | ||
| Q2 25 | $10.1B | $1.8B | ||
| Q1 25 | $9.6B | $1.7B | ||
| Q4 24 | $9.7B | $1.7B | ||
| Q3 24 | $9.0B | $1.8B | ||
| Q2 24 | $9.2B | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | 1.80× | ||
| Q2 25 | 0.44× | 2.06× | ||
| Q1 25 | 0.43× | 2.29× | ||
| Q4 24 | 0.44× | 2.07× | ||
| Q3 24 | 0.23× | 2.38× | ||
| Q2 24 | 0.22× | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $103.8M | $145.6M |
| FCF MarginFCF / Revenue | 25.0% | 28.1% |
| Capex IntensityCapex / Revenue | 0.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $33.0M | ||
| Q2 25 | $83.8M | $44.6M | ||
| Q1 25 | $99.5M | $-83.8M | ||
| Q4 24 | $78.7M | $82.4M | ||
| Q3 24 | $88.6M | $108.2M | ||
| Q2 24 | $78.6M | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $30.1M | ||
| Q2 25 | $81.0M | $41.2M | ||
| Q1 25 | $98.4M | $-91.4M | ||
| Q4 24 | $78.3M | $74.4M | ||
| Q3 24 | $88.6M | $104.1M | ||
| Q2 24 | $78.4M | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 6.4% | ||
| Q2 25 | 21.1% | 8.7% | ||
| Q1 25 | 27.5% | -22.2% | ||
| Q4 24 | 21.6% | 15.0% | ||
| Q3 24 | 24.7% | 23.6% | ||
| Q2 24 | 22.8% | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.7% | 0.7% | ||
| Q1 25 | 0.3% | 1.8% | ||
| Q4 24 | 0.1% | 1.6% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | 0.1% | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | 2.35× | 3.57× | ||
| Q3 24 | 9.94× | 4.66× | ||
| Q2 24 | 10.35× | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
