vs
BILL Holdings, Inc.（BILL）与Blue Bird Corp（BLBD）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是Blue Bird Corp的1.2倍（$414.7M vs $333.1M），Blue Bird Corp净利率更高（9.2% vs -0.6%，领先9.9%），BILL Holdings, Inc.同比增速更快（14.4% vs 6.1%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $31.1M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -1.9%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
蓝鸟公司是美国知名客车制造企业，总部位于佐治亚州福特瓦利，主打产品为校车，同时业务覆盖多种客车类型的生产，包括城市公交、旅居房车，以及移动图书馆、流动警务指挥中心等特种车辆。
BILL vs BLBD — 直观对比
营收规模更大
BILL
是对方的1.2倍
$333.1M
营收增速更快
BILL
高出8.3%
6.1%
净利率更高
BLBD
高出9.9%
-0.6%
自由现金流更多
BILL
多$72.7M
$31.1M
两年增速更快
BILL
近两年复合增速
-1.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $333.1M |
| 净利润 | $-2.6M | $30.8M |
| 毛利率 | 79.8% | 21.4% |
| 营业利润率 | -4.4% | 11.3% |
| 净利率 | -0.6% | 9.2% |
| 营收同比 | 14.4% | 6.1% |
| 净利润同比 | -107.7% | 7.1% |
| 每股收益（稀释后） | $-0.03 | $0.94 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BILLBLBD
| Q4 25 | $414.7M | $333.1M | ||
| Q3 25 | $395.7M | $409.4M | ||
| Q2 25 | $383.3M | $398.0M | ||
| Q1 25 | $358.2M | $358.9M | ||
| Q4 24 | $362.6M | $313.9M | ||
| Q3 24 | $358.4M | $350.2M | ||
| Q2 24 | $343.7M | $333.4M | ||
| Q1 24 | $323.0M | $345.9M |
净利润BILLBLBD
| Q4 25 | $-2.6M | $30.8M | ||
| Q3 25 | $-3.0M | $36.5M | ||
| Q2 25 | $-7.1M | $36.5M | ||
| Q1 25 | $-11.6M | $26.0M | ||
| Q4 24 | $33.5M | $28.7M | ||
| Q3 24 | $8.9M | $24.7M | ||
| Q2 24 | $7.6M | $28.7M | ||
| Q1 24 | $31.8M | $26.0M |
毛利率BILLBLBD
| Q4 25 | 79.8% | 21.4% | ||
| Q3 25 | 80.5% | 21.1% | ||
| Q2 25 | 80.8% | 21.6% | ||
| Q1 25 | 81.2% | 19.7% | ||
| Q4 24 | 81.6% | 19.2% | ||
| Q3 24 | 82.0% | 17.0% | ||
| Q2 24 | 81.0% | 20.8% | ||
| Q1 24 | 83.0% | 18.4% |
营业利润率BILLBLBD
| Q4 25 | -4.4% | 11.3% | ||
| Q3 25 | -5.2% | 12.3% | ||
| Q2 25 | -5.8% | 12.6% | ||
| Q1 25 | -8.1% | 9.4% | ||
| Q4 24 | -6.0% | 10.5% | ||
| Q3 24 | -2.1% | 7.3% | ||
| Q2 24 | -6.5% | 11.9% | ||
| Q1 24 | -8.6% | 10.4% |
净利率BILLBLBD
| Q4 25 | -0.6% | 9.2% | ||
| Q3 25 | -0.7% | 8.9% | ||
| Q2 25 | -1.8% | 9.2% | ||
| Q1 25 | -3.2% | 7.3% | ||
| Q4 24 | 9.3% | 9.2% | ||
| Q3 24 | 2.5% | 7.0% | ||
| Q2 24 | 2.2% | 8.6% | ||
| Q1 24 | 9.8% | 7.5% |
每股收益（稀释后）BILLBLBD
| Q4 25 | $-0.03 | $0.94 | ||
| Q3 25 | $-0.03 | $1.11 | ||
| Q2 25 | $0.02 | $1.12 | ||
| Q1 25 | $-0.11 | $0.79 | ||
| Q4 24 | $-0.06 | $0.86 | ||
| Q3 24 | $0.08 | $0.71 | ||
| Q2 24 | $0.37 | $0.85 | ||
| Q1 24 | $0.00 | $0.79 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.1B | $241.7M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $271.4M |
| 总资产 | $10.1B | $642.3M |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资BILLBLBD
| Q4 25 | $1.1B | $241.7M | ||
| Q3 25 | $1.1B | $229.3M | ||
| Q2 25 | $1.0B | $173.1M | ||
| Q1 25 | $1.0B | $130.7M | ||
| Q4 24 | $1.6B | $136.1M | ||
| Q3 24 | $853.5M | $127.7M | ||
| Q2 24 | $985.9M | $88.4M | ||
| Q1 24 | $952.5M | $93.1M |
总债务BILLBLBD
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
股东权益BILLBLBD
| Q4 25 | $3.8B | $271.4M | ||
| Q3 25 | $3.9B | $255.4M | ||
| Q2 25 | $3.9B | $221.8M | ||
| Q1 25 | $3.9B | $190.4M | ||
| Q4 24 | $3.8B | $179.7M | ||
| Q3 24 | $4.0B | $159.6M | ||
| Q2 24 | $4.1B | $137.3M | ||
| Q1 24 | $4.1B | $105.8M |
总资产BILLBLBD
| Q4 25 | $10.1B | $642.3M | ||
| Q3 25 | $10.2B | $625.3M | ||
| Q2 25 | $10.1B | $575.5M | ||
| Q1 25 | $9.6B | $543.7M | ||
| Q4 24 | $9.7B | $535.2M | ||
| Q3 24 | $9.0B | $524.9M | ||
| Q2 24 | $9.2B | $468.1M | ||
| Q1 24 | $9.1B | $456.5M |
负债/权益比BILLBLBD
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $105.3M | $36.6M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $31.1M |
| 自由现金流率自由现金流/营收 | 25.0% | 9.3% |
| 资本支出强度资本支出/营收 | 0.4% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $378.8M | $162.6M |
8季度趋势，按日历期对齐
经营现金流BILLBLBD
| Q4 25 | $105.3M | $36.6M | ||
| Q3 25 | $96.9M | $65.1M | ||
| Q2 25 | $83.8M | $56.9M | ||
| Q1 25 | $99.5M | $27.8M | ||
| Q4 24 | $78.7M | $26.4M | ||
| Q3 24 | $88.6M | $55.4M | ||
| Q2 24 | $78.6M | $989.0K | ||
| Q1 24 | $66.8M | $54.6M |
自由现金流BILLBLBD
| Q4 25 | $103.8M | $31.1M | ||
| Q3 25 | $95.6M | $60.5M | ||
| Q2 25 | $81.0M | $52.3M | ||
| Q1 25 | $98.4M | $18.7M | ||
| Q4 24 | $78.3M | $21.8M | ||
| Q3 24 | $88.6M | $50.2M | ||
| Q2 24 | $78.4M | $-3.5M | ||
| Q1 24 | $66.8M | $51.8M |
自由现金流率BILLBLBD
| Q4 25 | 25.0% | 9.3% | ||
| Q3 25 | 24.1% | 14.8% | ||
| Q2 25 | 21.1% | 13.1% | ||
| Q1 25 | 27.5% | 5.2% | ||
| Q4 24 | 21.6% | 7.0% | ||
| Q3 24 | 24.7% | 14.3% | ||
| Q2 24 | 22.8% | -1.1% | ||
| Q1 24 | 20.7% | 15.0% |
资本支出强度BILLBLBD
| Q4 25 | 0.4% | 1.6% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | 0.3% | 2.5% | ||
| Q4 24 | 0.1% | 1.5% | ||
| Q3 24 | 0.0% | 1.5% | ||
| Q2 24 | 0.1% | 1.3% | ||
| Q1 24 | 0.0% | 0.8% |
现金转化率BILLBLBD
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.56× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | 2.35× | 0.92× | ||
| Q3 24 | 9.94× | 2.24× | ||
| Q2 24 | 10.35× | 0.03× | ||
| Q1 24 | 2.10× | 2.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
