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Side-by-side financial comparison of BILL Holdings, Inc. (BILL) and YETI Holdings, Inc. (YETI). Click either name above to swap in a different company.
YETI Holdings, Inc. is the larger business by last-quarter revenue ($487.8M vs $414.7M, roughly 1.2× BILL Holdings, Inc.). YETI Holdings, Inc. runs the higher net margin — 8.1% vs -0.6%, a 8.7% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 1.9%). BILL Holdings, Inc. produced more free cash flow last quarter ($103.8M vs $89.1M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs -3.1%).
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.
YETI Holdings, Inc. is an American brand of outdoor recreation products, headquartered in Austin, Texas, specializing in outdoor products such as ice chests, vacuum-insulated stainless-steel drinkware, soft coolers, dry bags, and related accessories.
BILL vs YETI — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $414.7M | $487.8M |
| Net Profit | $-2.6M | $39.4M |
| Gross Margin | 79.8% | 55.9% |
| Operating Margin | -4.4% | 11.1% |
| Net Margin | -0.6% | 8.1% |
| Revenue YoY | 14.4% | 1.9% |
| Net Profit YoY | -107.7% | -30.0% |
| EPS (diluted) | $-0.03 | $0.48 |
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 | — | ||
| Q3 25 | $395.7M | $487.8M | ||
| Q2 25 | $383.3M | $445.9M | ||
| Q1 25 | $358.2M | $351.1M | ||
| Q4 24 | $362.6M | $546.5M | ||
| Q3 24 | $358.4M | $478.4M | ||
| Q2 24 | $343.7M | $463.5M | ||
| Q1 24 | $323.0M | $341.4M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $39.4M | ||
| Q2 25 | $-7.1M | $51.2M | ||
| Q1 25 | $-11.6M | $16.6M | ||
| Q4 24 | $33.5M | $53.2M | ||
| Q3 24 | $8.9M | $56.3M | ||
| Q2 24 | $7.6M | $50.4M | ||
| Q1 24 | $31.8M | $15.9M |
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | 55.9% | ||
| Q2 25 | 80.8% | 57.8% | ||
| Q1 25 | 81.2% | 57.4% | ||
| Q4 24 | 81.6% | 59.7% | ||
| Q3 24 | 82.0% | 58.0% | ||
| Q2 24 | 81.0% | 57.0% | ||
| Q1 24 | 83.0% | 57.1% |
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | 11.1% | ||
| Q2 25 | -5.8% | 13.9% | ||
| Q1 25 | -8.1% | 6.2% | ||
| Q4 24 | -6.0% | 15.1% | ||
| Q3 24 | -2.1% | 14.6% | ||
| Q2 24 | -6.5% | 14.5% | ||
| Q1 24 | -8.6% | 7.6% |
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | 8.1% | ||
| Q2 25 | -1.8% | 11.5% | ||
| Q1 25 | -3.2% | 4.7% | ||
| Q4 24 | 9.3% | 9.7% | ||
| Q3 24 | 2.5% | 11.8% | ||
| Q2 24 | 2.2% | 10.9% | ||
| Q1 24 | 9.8% | 4.6% |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $0.48 | ||
| Q2 25 | $0.02 | $0.61 | ||
| Q1 25 | $-0.11 | $0.20 | ||
| Q4 24 | $-0.06 | $0.62 | ||
| Q3 24 | $0.08 | $0.66 | ||
| Q2 24 | $0.37 | $0.59 | ||
| Q1 24 | $0.00 | $0.18 |
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 | — |
| Stockholders' EquityBook value | $3.8B | $702.6M |
| Total Assets | $10.1B | $1.3B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $952.5M | — |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $72.8M | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.9B | $702.6M | ||
| Q2 25 | $3.9B | $802.7M | ||
| Q1 25 | $3.9B | $764.3M | ||
| Q4 24 | $3.8B | $740.1M | ||
| Q3 24 | $4.0B | $770.0M | ||
| Q2 24 | $4.1B | $705.9M | ||
| Q1 24 | $4.1B | $646.9M |
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | $1.3B | ||
| Q2 25 | $10.1B | $1.3B | ||
| Q1 25 | $9.6B | $1.2B | ||
| Q4 24 | $9.7B | $1.3B | ||
| Q3 24 | $9.0B | $1.3B | ||
| Q2 24 | $9.2B | $1.2B | ||
| Q1 24 | $9.1B | $1.1B |
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 0.10× | ||
| 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 | $100.9M |
| Free Cash FlowOCF − Capex | $103.8M | $89.1M |
| FCF MarginFCF / Revenue | 25.0% | 18.3% |
| Capex IntensityCapex / Revenue | 0.4% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $378.8M | $265.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $100.9M | ||
| Q2 25 | $83.8M | $61.2M | ||
| Q1 25 | $99.5M | $-80.3M | ||
| Q4 24 | $78.7M | $225.6M | ||
| Q3 24 | $88.6M | $83.5M | ||
| Q2 24 | $78.6M | $56.0M | ||
| Q1 24 | $66.8M | $-103.7M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $89.1M | ||
| Q2 25 | $81.0M | $50.2M | ||
| Q1 25 | $98.4M | $-89.2M | ||
| Q4 24 | $78.3M | $215.1M | ||
| Q3 24 | $88.6M | $73.8M | ||
| Q2 24 | $78.4M | $45.0M | ||
| Q1 24 | $66.8M | $-114.3M |
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 18.3% | ||
| Q2 25 | 21.1% | 11.2% | ||
| Q1 25 | 27.5% | -25.4% | ||
| Q4 24 | 21.6% | 39.4% | ||
| Q3 24 | 24.7% | 15.4% | ||
| Q2 24 | 22.8% | 9.7% | ||
| Q1 24 | 20.7% | -33.5% |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 2.4% | ||
| Q2 25 | 0.7% | 2.5% | ||
| Q1 25 | 0.3% | 2.5% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 0.0% | 2.0% | ||
| Q2 24 | 0.1% | 2.4% | ||
| Q1 24 | 0.0% | 3.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.56× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | -4.83× | ||
| Q4 24 | 2.35× | 4.24× | ||
| Q3 24 | 9.94× | 1.48× | ||
| Q2 24 | 10.35× | 1.11× | ||
| Q1 24 | 2.10× | -6.54× |
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% |
YETI
| Drinkware | $263.8M | 54% |
| Coolers And Equipment | $215.4M | 44% |
| Other | $8.6M | 2% |
