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BILL Holdings, Inc.（BILL）与Krispy Kreme, Inc.（DNUT）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Krispy Kreme, Inc.的1.1倍（$414.7M vs $392.4M），BILL Holdings, Inc.净利率更高（-0.6% vs -7.1%，领先6.5%），BILL Holdings, Inc.同比增速更快（14.4% vs -2.9%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $27.9M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -5.9%）
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。
Krispy Kreme是源自美国的跨国甜甜圈烘焙与咖啡连锁品牌，1937年由弗农·鲁道夫在美国北卡罗来纳州温斯顿-塞勒姆创立。品牌创始时采用鲁道夫从新奥尔良厨师手中购得的酵母甜甜秘方配方开店，历经数十年稳步发展，如今已成为全球知名的甜甜圈休闲餐饮连锁品牌。
BILL vs DNUT — 直观对比
营收规模更大
BILL
是对方的1.1倍
$392.4M
营收增速更快
BILL
高出17.3%
-2.9%
净利率更高
BILL
高出6.5%
-7.1%
自由现金流更多
BILL
多$75.9M
$27.9M
两年增速更快
BILL
近两年复合增速
-5.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $392.4M |
| 净利润 | $-2.6M | $-27.8M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | -1.9% |
| 净利率 | -0.6% | -7.1% |
| 营收同比 | 14.4% | -2.9% |
| 净利润同比 | -107.7% | -23.8% |
| 每股收益（稀释后） | $-0.03 | $-0.18 |
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BILLDNUT
| Q4 25 | $414.7M | $392.4M | ||
| Q3 25 | $395.7M | $375.3M | ||
| Q2 25 | $383.3M | $379.8M | ||
| Q1 25 | $358.2M | $375.2M | ||
| Q4 24 | $362.6M | $404.0M | ||
| Q3 24 | $358.4M | $379.9M | ||
| Q2 24 | $343.7M | $438.8M | ||
| Q1 24 | $323.0M | $442.7M |
净利润BILLDNUT
| Q4 25 | $-2.6M | $-27.8M | ||
| Q3 25 | $-3.0M | $-19.4M | ||
| Q2 25 | $-7.1M | $-435.3M | ||
| Q1 25 | $-11.6M | $-33.3M | ||
| Q4 24 | $33.5M | $-22.4M | ||
| Q3 24 | $8.9M | $39.6M | ||
| Q2 24 | $7.6M | $-5.5M | ||
| Q1 24 | $31.8M | $-8.5M |
毛利率BILLDNUT
| 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BILLDNUT
| Q4 25 | -4.4% | -1.9% | ||
| Q3 25 | -5.2% | -1.9% | ||
| Q2 25 | -5.8% | -114.4% | ||
| Q1 25 | -8.1% | -5.4% | ||
| Q4 24 | -6.0% | -2.8% | ||
| Q3 24 | -2.1% | -4.2% | ||
| Q2 24 | -6.5% | 1.6% | ||
| Q1 24 | -8.6% | 2.7% |
净利率BILLDNUT
| Q4 25 | -0.6% | -7.1% | ||
| Q3 25 | -0.7% | -5.2% | ||
| Q2 25 | -1.8% | -114.6% | ||
| Q1 25 | -3.2% | -8.9% | ||
| Q4 24 | 9.3% | -5.6% | ||
| Q3 24 | 2.5% | 10.4% | ||
| Q2 24 | 2.2% | -1.3% | ||
| Q1 24 | 9.8% | -1.9% |
每股收益（稀释后）BILLDNUT
| Q4 25 | $-0.03 | $-0.18 | ||
| Q3 25 | $-0.03 | $-0.11 | ||
| Q2 25 | $0.02 | $-2.55 | ||
| Q1 25 | $-0.11 | $-0.20 | ||
| Q4 24 | $-0.06 | $-0.13 | ||
| Q3 24 | $0.08 | $0.23 | ||
| Q2 24 | $0.37 | $-0.03 | ||
| Q1 24 | $0.00 | $-0.05 |
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 | $42.4M |
| 总债务越低越好 | $1.8B | $911.9M |
| 股东权益账面价值 | $3.8B | $650.1M |
| 总资产 | $10.1B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.48× | 1.40× |
8季度趋势，按日历期对齐
现金及短期投资BILLDNUT
| Q4 25 | $1.1B | $42.4M | ||
| Q3 25 | $1.1B | $30.7M | ||
| Q2 25 | $1.0B | $21.3M | ||
| Q1 25 | $1.0B | $18.7M | ||
| Q4 24 | $1.6B | $29.0M | ||
| Q3 24 | $853.5M | $25.4M | ||
| Q2 24 | $985.9M | $28.6M | ||
| Q1 24 | $952.5M | $33.1M |
总债务BILLDNUT
| Q4 25 | $1.8B | $911.9M | ||
| Q3 25 | $1.9B | $906.2M | ||
| Q2 25 | $1.7B | $889.4M | ||
| Q1 25 | $1.7B | $935.0M | ||
| Q4 24 | $1.7B | $844.5M | ||
| Q3 24 | $914.8M | $804.6M | ||
| Q2 24 | $914.0M | $895.0M | ||
| Q1 24 | $1.1B | $881.8M |
股东权益BILLDNUT
| Q4 25 | $3.8B | $650.1M | ||
| Q3 25 | $3.9B | $670.3M | ||
| Q2 25 | $3.9B | $693.6M | ||
| Q1 25 | $3.9B | $1.1B | ||
| Q4 24 | $3.8B | $1.1B | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $4.1B | $1.1B | ||
| Q1 24 | $4.1B | $1.2B |
总资产BILLDNUT
| Q4 25 | $10.1B | $2.6B | ||
| Q3 25 | $10.2B | $2.6B | ||
| Q2 25 | $10.1B | $2.6B | ||
| Q1 25 | $9.6B | $3.1B | ||
| Q4 24 | $9.7B | $3.1B | ||
| Q3 24 | $9.0B | $3.1B | ||
| Q2 24 | $9.2B | $3.2B | ||
| Q1 24 | $9.1B | $3.2B |
负债/权益比BILLDNUT
| Q4 25 | 0.48× | 1.40× | ||
| Q3 25 | 0.48× | 1.35× | ||
| Q2 25 | 0.44× | 1.28× | ||
| Q1 25 | 0.43× | 0.85× | ||
| Q4 24 | 0.44× | 0.74× | ||
| Q3 24 | 0.23× | 0.68× | ||
| Q2 24 | 0.22× | 0.79× | ||
| Q1 24 | 0.28× | 0.76× |
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 | $45.0M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $27.9M |
| 自由现金流率自由现金流/营收 | 25.0% | 7.1% |
| 资本支出强度资本支出/营收 | 0.4% | 4.4% |
| 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 | $-64.0M |
8季度趋势，按日历期对齐
经营现金流BILLDNUT
| Q4 25 | $105.3M | $45.0M | ||
| Q3 25 | $96.9M | $42.3M | ||
| Q2 25 | $83.8M | $-32.5M | ||
| Q1 25 | $99.5M | $-20.8M | ||
| Q4 24 | $78.7M | $27.0M | ||
| Q3 24 | $88.6M | $3.3M | ||
| Q2 24 | $78.6M | $33.2M | ||
| Q1 24 | $66.8M | $-17.7M |
自由现金流BILLDNUT
| Q4 25 | $103.8M | $27.9M | ||
| Q3 25 | $95.6M | $15.5M | ||
| Q2 25 | $81.0M | $-60.8M | ||
| Q1 25 | $98.4M | $-46.7M | ||
| Q4 24 | $78.3M | $-6.9M | ||
| Q3 24 | $88.6M | $-22.9M | ||
| Q2 24 | $78.4M | $1.6M | ||
| Q1 24 | $66.8M | $-46.8M |
自由现金流率BILLDNUT
| Q4 25 | 25.0% | 7.1% | ||
| Q3 25 | 24.1% | 4.1% | ||
| Q2 25 | 21.1% | -16.0% | ||
| Q1 25 | 27.5% | -12.5% | ||
| Q4 24 | 21.6% | -1.7% | ||
| Q3 24 | 24.7% | -6.0% | ||
| Q2 24 | 22.8% | 0.4% | ||
| Q1 24 | 20.7% | -10.6% |
资本支出强度BILLDNUT
| Q4 25 | 0.4% | 4.4% | ||
| Q3 25 | 0.3% | 7.1% | ||
| Q2 25 | 0.7% | 7.4% | ||
| Q1 25 | 0.3% | 6.9% | ||
| Q4 24 | 0.1% | 8.4% | ||
| Q3 24 | 0.0% | 6.9% | ||
| Q2 24 | 0.1% | 7.2% | ||
| Q1 24 | 0.0% | 6.6% |
现金转化率BILLDNUT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 0.08× | ||
| 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% |
DNUT
暂无分部数据
