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BILL Holdings, Inc.（BILL）与Custom Truck One Source, Inc.（CTOS）财务数据对比。点击上方公司名可切换其他公司
Custom Truck One Source, Inc.的季度营收约是BILL Holdings, Inc.的1.0倍（$422.2M vs $414.7M），BILL Holdings, Inc.净利率更高（-0.6% vs -4.2%，领先3.6%），BILL Holdings, Inc.同比增速更快（14.4% vs -8.5%），过去两年Custom Truck One Source, Inc.的营收复合增速更高（14.8% vs 13.3%）
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。
Custom Truck One Source是北美领先的专用重型卡车及设备解决方案提供商，业务覆盖定制车辆制造、设备销售与租赁、售后配件供应及维保服务，主要服务基建、公用事业、建筑、能源等核心领域。
BILL vs CTOS — 直观对比
营收规模更大
CTOS
是对方的1.0倍
$414.7M
营收增速更快
BILL
高出22.9%
-8.5%
净利率更高
BILL
高出3.6%
-4.2%
两年增速更快
CTOS
近两年复合增速
13.3%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $422.2M |
| 净利润 | $-2.6M | $-17.8M |
| 毛利率 | 79.8% | 20.3% |
| 营业利润率 | -4.4% | 2.9% |
| 净利率 | -0.6% | -4.2% |
| 营收同比 | 14.4% | -8.5% |
| 净利润同比 | -107.7% | -333.7% |
| 每股收益（稀释后） | $-0.03 | $-0.08 |
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BILLCTOS
| Q1 26 | — | $422.2M | ||
| Q4 25 | $414.7M | $387.3M | ||
| Q3 25 | $395.7M | $359.9M | ||
| Q2 25 | $383.3M | $392.2M | ||
| Q1 25 | $358.2M | $307.1M | ||
| Q4 24 | $362.6M | $398.3M | ||
| Q3 24 | $358.4M | $337.5M | ||
| Q2 24 | $343.7M | $320.6M |
净利润BILLCTOS
| Q1 26 | — | $-17.8M | ||
| Q4 25 | $-2.6M | $20.9M | ||
| Q3 25 | $-3.0M | $-5.8M | ||
| Q2 25 | $-7.1M | $-28.4M | ||
| Q1 25 | $-11.6M | $-17.8M | ||
| Q4 24 | $33.5M | $27.6M | ||
| Q3 24 | $8.9M | $-17.4M | ||
| Q2 24 | $7.6M | $-24.5M |
毛利率BILLCTOS
| Q1 26 | — | 20.3% | ||
| Q4 25 | 79.8% | 31.8% | ||
| Q3 25 | 80.5% | 28.0% | ||
| Q2 25 | 80.8% | 26.1% | ||
| Q1 25 | 81.2% | 27.9% | ||
| Q4 24 | 81.6% | 29.7% | ||
| Q3 24 | 82.0% | 27.2% | ||
| Q2 24 | 81.0% | 27.8% |
营业利润率BILLCTOS
| Q1 26 | — | 2.9% | ||
| Q4 25 | -4.4% | 13.4% | ||
| Q3 25 | -5.2% | 9.1% | ||
| Q2 25 | -5.8% | 7.1% | ||
| Q1 25 | -8.1% | 4.0% | ||
| Q4 24 | -6.0% | 16.9% | ||
| Q3 24 | -2.1% | 6.8% | ||
| Q2 24 | -6.5% | 5.5% |
净利率BILLCTOS
| Q1 26 | — | -4.2% | ||
| Q4 25 | -0.6% | 5.4% | ||
| Q3 25 | -0.7% | -1.6% | ||
| Q2 25 | -1.8% | -7.2% | ||
| Q1 25 | -3.2% | -5.8% | ||
| Q4 24 | 9.3% | 6.9% | ||
| Q3 24 | 2.5% | -5.2% | ||
| Q2 24 | 2.2% | -7.6% |
每股收益（稀释后）BILLCTOS
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $-0.03 | $0.10 | ||
| Q3 25 | $-0.03 | $-0.03 | ||
| Q2 25 | $0.02 | $-0.13 | ||
| Q1 25 | $-0.11 | $-0.08 | ||
| Q4 24 | $-0.06 | $0.11 | ||
| Q3 24 | $0.08 | $-0.07 | ||
| Q2 24 | $0.37 | $-0.10 |
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 | $6.3M |
| 总债务越低越好 | $1.8B | $25.9M |
| 股东权益账面价值 | $3.8B | $809.1M |
| 总资产 | $10.1B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资BILLCTOS
| Q1 26 | — | $6.3M | ||
| Q4 25 | $1.1B | $6.3M | ||
| Q3 25 | $1.1B | $13.1M | ||
| Q2 25 | $1.0B | $5.3M | ||
| Q1 25 | $1.0B | $5.4M | ||
| Q4 24 | $1.6B | $3.8M | ||
| Q3 24 | $853.5M | $8.4M | ||
| Q2 24 | $985.9M | $8.1M |
总债务BILLCTOS
| Q1 26 | — | $25.9M | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.9B | $1.6B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | $1.5B | ||
| Q3 24 | $914.8M | $1.6B | ||
| Q2 24 | $914.0M | $1.5B |
股东权益BILLCTOS
| Q1 26 | — | $809.1M | ||
| Q4 25 | $3.8B | $809.1M | ||
| Q3 25 | $3.9B | $784.7M | ||
| Q2 25 | $3.9B | $790.1M | ||
| Q1 25 | $3.9B | $813.4M | ||
| Q4 24 | $3.8B | $861.3M | ||
| Q3 24 | $4.0B | $837.5M | ||
| Q2 24 | $4.1B | $856.7M |
总资产BILLCTOS
| Q1 26 | — | $3.4B | ||
| Q4 25 | $10.1B | $3.4B | ||
| Q3 25 | $10.2B | $3.5B | ||
| Q2 25 | $10.1B | $3.6B | ||
| Q1 25 | $9.6B | $3.5B | ||
| Q4 24 | $9.7B | $3.5B | ||
| Q3 24 | $9.0B | $3.6B | ||
| Q2 24 | $9.2B | $3.5B |
负债/权益比BILLCTOS
| Q1 26 | — | 0.03× | ||
| Q4 25 | 0.48× | 2.03× | ||
| Q3 25 | 0.48× | 2.10× | ||
| Q2 25 | 0.44× | 2.04× | ||
| Q1 25 | 0.43× | 1.97× | ||
| Q4 24 | 0.44× | 1.77× | ||
| Q3 24 | 0.23× | 1.87× | ||
| Q2 24 | 0.22× | 1.79× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $103.8M | — |
| 自由现金流率自由现金流/营收 | 25.0% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $378.8M | — |
8季度趋势，按日历期对齐
经营现金流BILLCTOS
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $47.3M | ||
| Q3 25 | $96.9M | $81.5M | ||
| Q2 25 | $83.8M | $125.7M | ||
| Q1 25 | $99.5M | $55.6M | ||
| Q4 24 | $78.7M | $82.1M | ||
| Q3 24 | $88.6M | $16.5M | ||
| Q2 24 | $78.6M | $37.8M |
自由现金流BILLCTOS
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | — |
自由现金流率BILLCTOS
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | — |
资本支出强度BILLCTOS
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — |
现金转化率BILLCTOS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 2.98× | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — |
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% |
CTOS
| Equipment sales | $273.9M | 65% |
| Rental revenue | $116.3M | 28% |
| Parts sales and services | $32.1M | 8% |
