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BILL Holdings, Inc.（BILL）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是化石集团的1.5倍（$414.7M vs $270.2M），BILL Holdings, Inc.净利率更高（-0.6% vs -14.8%，领先14.2%），BILL Holdings, Inc.同比增速更快（14.4% vs -21.1%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $-22.5M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
BILL vs FOSL — 直观对比
营收规模更大
BILL
是对方的1.5倍
$270.2M
营收增速更快
BILL
高出35.4%
-21.1%
净利率更高
BILL
高出14.2%
-14.8%
自由现金流更多
BILL
多$126.3M
$-22.5M
两年增速更快
BILL
近两年复合增速
-11.4%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $270.2M |
| 净利润 | $-2.6M | $-40.0M |
| 毛利率 | 79.8% | 49.0% |
| 营业利润率 | -4.4% | -8.0% |
| 净利率 | -0.6% | -14.8% |
| 营收同比 | 14.4% | -21.1% |
| 净利润同比 | -107.7% | -257.8% |
| 每股收益（稀释后） | $-0.03 | $-0.76 |
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BILLFOSL
| Q4 25 | $414.7M | $270.2M | ||
| Q3 25 | $395.7M | $220.4M | ||
| Q2 25 | $383.3M | $233.3M | ||
| Q1 25 | $358.2M | — | ||
| Q4 24 | $362.6M | $342.3M | ||
| Q3 24 | $358.4M | $287.8M | ||
| Q2 24 | $343.7M | $260.0M | ||
| Q1 24 | $323.0M | $254.9M |
净利润BILLFOSL
| Q4 25 | $-2.6M | $-40.0M | ||
| Q3 25 | $-3.0M | $-2.1M | ||
| Q2 25 | $-7.1M | $-17.9M | ||
| Q1 25 | $-11.6M | — | ||
| Q4 24 | $33.5M | $-11.2M | ||
| Q3 24 | $8.9M | $-31.9M | ||
| Q2 24 | $7.6M | $-38.8M | ||
| Q1 24 | $31.8M | $-24.3M |
毛利率BILLFOSL
| Q4 25 | 79.8% | 49.0% | ||
| Q3 25 | 80.5% | 57.5% | ||
| Q2 25 | 80.8% | 61.3% | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | 53.9% | ||
| Q3 24 | 82.0% | 49.4% | ||
| Q2 24 | 81.0% | 52.6% | ||
| Q1 24 | 83.0% | 52.4% |
营业利润率BILLFOSL
| Q4 25 | -4.4% | -8.0% | ||
| Q3 25 | -5.2% | 3.9% | ||
| Q2 25 | -5.8% | -2.9% | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | -6.0% | -4.8% | ||
| Q3 24 | -2.1% | -8.5% | ||
| Q2 24 | -6.5% | -13.1% | ||
| Q1 24 | -8.6% | -11.5% |
净利率BILLFOSL
| Q4 25 | -0.6% | -14.8% | ||
| Q3 25 | -0.7% | -1.0% | ||
| Q2 25 | -1.8% | -7.7% | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 9.3% | -3.3% | ||
| Q3 24 | 2.5% | -11.1% | ||
| Q2 24 | 2.2% | -14.9% | ||
| Q1 24 | 9.8% | -9.5% |
每股收益（稀释后）BILLFOSL
| Q4 25 | $-0.03 | $-0.76 | ||
| Q3 25 | $-0.03 | $-0.04 | ||
| Q2 25 | $0.02 | $-0.33 | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.06 | $-0.15 | ||
| Q3 24 | $0.08 | $-0.60 | ||
| Q2 24 | $0.37 | $-0.73 | ||
| Q1 24 | $0.00 | $-0.46 |
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 | $79.2M |
| 总债务越低越好 | $1.8B | $169.1M |
| 股东权益账面价值 | $3.8B | $112.6M |
| 总资产 | $10.1B | $701.0M |
| 负债/权益比越低杠杆越低 | 0.48× | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资BILLFOSL
| Q4 25 | $1.1B | $79.2M | ||
| Q3 25 | $1.1B | $109.9M | ||
| Q2 25 | $1.0B | $78.3M | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.6B | $123.6M | ||
| Q3 24 | $853.5M | $106.3M | ||
| Q2 24 | $985.9M | $104.9M | ||
| Q1 24 | $952.5M | $112.9M |
总债务BILLFOSL
| Q4 25 | $1.8B | $169.1M | ||
| Q3 25 | $1.9B | $165.6M | ||
| Q2 25 | $1.7B | $167.2M | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $162.7M | ||
| Q3 24 | $914.8M | $173.4M | ||
| Q2 24 | $914.0M | $156.5M | ||
| Q1 24 | $1.1B | $202.9M |
股东权益BILLFOSL
| Q4 25 | $3.8B | $112.6M | ||
| Q3 25 | $3.9B | $150.3M | ||
| Q2 25 | $3.9B | $140.6M | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.8B | $148.7M | ||
| Q3 24 | $4.0B | $164.4M | ||
| Q2 24 | $4.1B | $189.6M | ||
| Q1 24 | $4.1B | $229.1M |
总资产BILLFOSL
| Q4 25 | $10.1B | $701.0M | ||
| Q3 25 | $10.2B | $704.5M | ||
| Q2 25 | $10.1B | $686.0M | ||
| Q1 25 | $9.6B | — | ||
| Q4 24 | $9.7B | $763.6M | ||
| Q3 24 | $9.0B | $812.4M | ||
| Q2 24 | $9.2B | $785.7M | ||
| Q1 24 | $9.1B | $891.0M |
负债/权益比BILLFOSL
| Q4 25 | 0.48× | 1.50× | ||
| Q3 25 | 0.48× | 1.10× | ||
| Q2 25 | 0.44× | 1.19× | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 1.09× | ||
| Q3 24 | 0.23× | 1.06× | ||
| Q2 24 | 0.22× | 0.83× | ||
| Q1 24 | 0.28× | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $-22.5M |
| 自由现金流率自由现金流/营收 | 25.0% | -8.3% |
| 资本支出强度资本支出/营收 | 0.4% | 0.1% |
| 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 | $-46.0M |
8季度趋势，按日历期对齐
经营现金流BILLFOSL
| Q4 25 | $105.3M | $-22.2M | ||
| Q3 25 | $96.9M | $9.4M | ||
| Q2 25 | $83.8M | $-60.4M | ||
| Q1 25 | $99.5M | — | ||
| Q4 24 | $78.7M | $30.5M | ||
| Q3 24 | $88.6M | $-22.8M | ||
| Q2 24 | $78.6M | $38.4M | ||
| Q1 24 | $66.8M | $622.0K |
自由现金流BILLFOSL
| Q4 25 | $103.8M | $-22.5M | ||
| Q3 25 | $95.6M | $8.6M | ||
| Q2 25 | $81.0M | $-60.6M | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | $28.5M | ||
| Q3 24 | $88.6M | $-24.1M | ||
| Q2 24 | $78.4M | $36.6M | ||
| Q1 24 | $66.8M | $-1.1M |
自由现金流率BILLFOSL
| Q4 25 | 25.0% | -8.3% | ||
| Q3 25 | 24.1% | 3.9% | ||
| Q2 25 | 21.1% | -26.0% | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | 8.3% | ||
| Q3 24 | 24.7% | -8.4% | ||
| Q2 24 | 22.8% | 14.1% | ||
| Q1 24 | 20.7% | -0.4% |
资本支出强度BILLFOSL
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.7% | 0.1% | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.1% | 0.7% | ||
| Q1 24 | 0.0% | 0.7% |
现金转化率BILLFOSL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| 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% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
