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BILL Holdings, Inc.（BILL）与Concentra Group Holdings Parent, Inc.（CON）财务数据对比。点击上方公司名可切换其他公司
Concentra Group Holdings Parent, Inc.的季度营收约是BILL Holdings, Inc.的1.3倍（$539.1M vs $414.7M），Concentra Group Holdings Parent, Inc.净利率更高（6.4% vs -0.6%，领先7.1%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $98.5M）
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。
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
BILL vs CON — 直观对比
营收规模更大
CON
是对方的1.3倍
$414.7M
净利率更高
CON
高出7.1%
-0.6%
自由现金流更多
BILL
多$5.3M
$98.5M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $539.1M |
| 净利润 | $-2.6M | $34.7M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | 12.9% |
| 净利率 | -0.6% | 6.4% |
| 营收同比 | 14.4% | — |
| 净利润同比 | -107.7% | — |
| 每股收益（稀释后） | $-0.03 | $0.27 |
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BILLCON
| Q4 25 | $414.7M | $539.1M | ||
| Q3 25 | $395.7M | $572.8M | ||
| Q2 25 | $383.3M | $550.8M | ||
| Q1 25 | $358.2M | $500.8M | ||
| Q4 24 | $362.6M | — | ||
| Q3 24 | $358.4M | $489.6M | ||
| Q2 24 | $343.7M | $477.9M | ||
| Q1 24 | $323.0M | — |
净利润BILLCON
| Q4 25 | $-2.6M | $34.7M | ||
| Q3 25 | $-3.0M | $48.3M | ||
| Q2 25 | $-7.1M | $44.6M | ||
| Q1 25 | $-11.6M | $38.9M | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $8.9M | $44.3M | ||
| Q2 24 | $7.6M | $51.7M | ||
| Q1 24 | $31.8M | — |
毛利率BILLCON
| 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 24 | 83.0% | — |
营业利润率BILLCON
| Q4 25 | -4.4% | 12.9% | ||
| Q3 25 | -5.2% | 16.5% | ||
| Q2 25 | -5.8% | 16.3% | ||
| Q1 25 | -8.1% | 16.0% | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.1% | 17.6% | ||
| Q2 24 | -6.5% | 17.6% | ||
| Q1 24 | -8.6% | — |
净利率BILLCON
| Q4 25 | -0.6% | 6.4% | ||
| Q3 25 | -0.7% | 8.4% | ||
| Q2 25 | -1.8% | 8.1% | ||
| Q1 25 | -3.2% | 7.8% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 2.5% | 9.1% | ||
| Q2 24 | 2.2% | 10.8% | ||
| Q1 24 | 9.8% | — |
每股收益（稀释后）BILLCON
| Q4 25 | $-0.03 | $0.27 | ||
| Q3 25 | $-0.03 | $0.38 | ||
| Q2 25 | $0.02 | $0.35 | ||
| Q1 25 | $-0.11 | $0.30 | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.08 | $0.37 | ||
| Q2 24 | $0.37 | $0.50 | ||
| Q1 24 | $0.00 | — |
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 | $79.9M |
| 总债务越低越好 | $1.8B | $1.6B |
| 股东权益账面价值 | $3.8B | $393.3M |
| 总资产 | $10.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.48× | 3.98× |
8季度趋势，按日历期对齐
现金及短期投资BILLCON
| Q4 25 | $1.1B | $79.9M | ||
| Q3 25 | $1.1B | $49.9M | ||
| Q2 25 | $1.0B | $73.9M | ||
| Q1 25 | $1.0B | $52.1M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | $136.8M | ||
| Q2 24 | $985.9M | $50.7M | ||
| Q1 24 | $952.5M | — |
总债务BILLCON
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | $1.5B | ||
| Q2 24 | $914.0M | $3.0M | ||
| Q1 24 | $1.1B | — |
股东权益BILLCON
| Q4 25 | $3.8B | $393.3M | ||
| Q3 25 | $3.9B | $385.5M | ||
| Q2 25 | $3.9B | $342.6M | ||
| Q1 25 | $3.9B | $307.1M | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $4.0B | $277.8M | ||
| Q2 24 | $4.1B | $1.2B | ||
| Q1 24 | $4.1B | — |
总资产BILLCON
| Q4 25 | $10.1B | $2.9B | ||
| Q3 25 | $10.2B | $2.8B | ||
| Q2 25 | $10.1B | $2.8B | ||
| Q1 25 | $9.6B | $2.7B | ||
| Q4 24 | $9.7B | — | ||
| Q3 24 | $9.0B | $2.5B | ||
| Q2 24 | $9.2B | $2.4B | ||
| Q1 24 | $9.1B | — |
负债/权益比BILLCON
| Q4 25 | 0.48× | 3.98× | ||
| Q3 25 | 0.48× | 4.15× | ||
| Q2 25 | 0.44× | 4.82× | ||
| Q1 25 | 0.43× | 5.27× | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | 5.30× | ||
| Q2 24 | 0.22× | 0.00× | ||
| 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 | $118.7M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $98.5M |
| 自由现金流率自由现金流/营收 | 25.0% | 18.3% |
| 资本支出强度资本支出/营收 | 0.4% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 3.42× |
| 过去12个月自由现金流最近4个季度 | $378.8M | $197.1M |
8季度趋势，按日历期对齐
经营现金流BILLCON
| Q4 25 | $105.3M | $118.7M | ||
| Q3 25 | $96.9M | $60.6M | ||
| Q2 25 | $83.8M | $88.4M | ||
| Q1 25 | $99.5M | $11.7M | ||
| Q4 24 | $78.7M | — | ||
| Q3 24 | $88.6M | $65.9M | ||
| Q2 24 | $78.6M | — | ||
| Q1 24 | $66.8M | — |
自由现金流BILLCON
| Q4 25 | $103.8M | $98.5M | ||
| Q3 25 | $95.6M | $39.4M | ||
| Q2 25 | $81.0M | $63.2M | ||
| Q1 25 | $98.4M | $-4.0M | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | $50.8M | ||
| Q2 24 | $78.4M | — | ||
| Q1 24 | $66.8M | — |
自由现金流率BILLCON
| Q4 25 | 25.0% | 18.3% | ||
| Q3 25 | 24.1% | 6.9% | ||
| Q2 25 | 21.1% | 11.5% | ||
| Q1 25 | 27.5% | -0.8% | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | 10.4% | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 20.7% | — |
资本支出强度BILLCON
| Q4 25 | 0.4% | 3.7% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.7% | 4.6% | ||
| Q1 25 | 0.3% | 3.1% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | 3.1% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
现金转化率BILLCON
| Q4 25 | — | 3.42× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 1.98× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 1.49× | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 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% |
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
