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BILL Holdings, Inc.（BILL）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是铱星通信的1.9倍（$414.7M vs $219.1M），铱星通信净利率更高（9.9% vs -0.6%，领先10.5%），BILL Holdings, Inc.同比增速更快（14.4% vs 1.9%），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 4.4%）
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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
BILL vs IRDM — 直观对比
营收规模更大
BILL
是对方的1.9倍
$219.1M
营收增速更快
BILL
高出12.4%
1.9%
净利率更高
IRDM
高出10.5%
-0.6%
两年增速更快
BILL
近两年复合增速
4.4%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $219.1M |
| 净利润 | $-2.6M | $21.6M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | 23.2% |
| 净利率 | -0.6% | 9.9% |
| 营收同比 | 14.4% | 1.9% |
| 净利润同比 | -107.7% | — |
| 每股收益（稀释后） | $-0.03 | — |
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BILLIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $414.7M | $212.9M | ||
| Q3 25 | $395.7M | $226.9M | ||
| Q2 25 | $383.3M | $216.9M | ||
| Q1 25 | $358.2M | $214.9M | ||
| Q4 24 | $362.6M | $213.0M | ||
| Q3 24 | $358.4M | $212.8M | ||
| Q2 24 | $343.7M | $201.1M |
净利润BILLIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-2.6M | $24.9M | ||
| Q3 25 | $-3.0M | $37.1M | ||
| Q2 25 | $-7.1M | $22.0M | ||
| Q1 25 | $-11.6M | $30.4M | ||
| Q4 24 | $33.5M | $36.3M | ||
| Q3 24 | $8.9M | $24.4M | ||
| Q2 24 | $7.6M | $32.3M |
毛利率BILLIRDM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BILLIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -4.4% | 25.9% | ||
| Q3 25 | -5.2% | 30.9% | ||
| Q2 25 | -5.8% | 23.2% | ||
| Q1 25 | -8.1% | 28.1% | ||
| Q4 24 | -6.0% | 24.5% | ||
| Q3 24 | -2.1% | 25.8% | ||
| Q2 24 | -6.5% | 21.7% |
净利率BILLIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | -0.6% | 11.7% | ||
| Q3 25 | -0.7% | 16.4% | ||
| Q2 25 | -1.8% | 10.1% | ||
| Q1 25 | -3.2% | 14.2% | ||
| Q4 24 | 9.3% | 17.1% | ||
| Q3 24 | 2.5% | 11.5% | ||
| Q2 24 | 2.2% | 16.1% |
每股收益（稀释后）BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-0.03 | $0.24 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $0.02 | $0.20 | ||
| Q1 25 | $-0.11 | $0.27 | ||
| Q4 24 | $-0.06 | $0.30 | ||
| Q3 24 | $0.08 | $0.21 | ||
| Q2 24 | $0.37 | $0.27 |
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 | — |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | — |
| 总资产 | $10.1B | — |
| 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BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $96.5M | ||
| Q3 25 | $1.1B | $88.5M | ||
| Q2 25 | $1.0B | $79.3M | ||
| Q1 25 | $1.0B | $50.9M | ||
| Q4 24 | $1.6B | $93.5M | ||
| Q3 24 | $853.5M | $159.6M | ||
| Q2 24 | $985.9M | $63.5M |
总债务BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — |
股东权益BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $462.6M | ||
| Q3 25 | $3.9B | $450.5M | ||
| Q2 25 | $3.9B | $473.6M | ||
| Q1 25 | $3.9B | $518.4M | ||
| Q4 24 | $3.8B | $576.6M | ||
| Q3 24 | $4.0B | $663.8M | ||
| Q2 24 | $4.1B | $786.7M |
总资产BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $10.1B | $2.5B | ||
| Q3 25 | $10.2B | $2.6B | ||
| Q2 25 | $10.1B | $2.6B | ||
| Q1 25 | $9.6B | $2.6B | ||
| Q4 24 | $9.7B | $2.7B | ||
| Q3 24 | $9.0B | $2.8B | ||
| Q2 24 | $9.2B | $2.7B |
负债/权益比BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 3.80× | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 3.05× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — |
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% | 13.7% |
| 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BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $108.6M | ||
| Q3 25 | $96.9M | $100.8M | ||
| Q2 25 | $83.8M | $129.6M | ||
| Q1 25 | $99.5M | $61.1M | ||
| Q4 24 | $78.7M | $104.8M | ||
| Q3 24 | $88.6M | $118.6M | ||
| Q2 24 | $78.6M | $81.1M |
自由现金流BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $75.1M | ||
| Q3 25 | $95.6M | $79.2M | ||
| Q2 25 | $81.0M | $108.9M | ||
| Q1 25 | $98.4M | $36.5M | ||
| Q4 24 | $78.3M | $80.5M | ||
| Q3 24 | $88.6M | $100.0M | ||
| Q2 24 | $78.4M | $68.7M |
自由现金流率BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | 25.0% | 35.3% | ||
| Q3 25 | 24.1% | 34.9% | ||
| Q2 25 | 21.1% | 50.2% | ||
| Q1 25 | 27.5% | 17.0% | ||
| Q4 24 | 21.6% | 37.8% | ||
| Q3 24 | 24.7% | 47.0% | ||
| Q2 24 | 22.8% | 34.2% |
资本支出强度BILLIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.4% | 15.7% | ||
| Q3 25 | 0.3% | 9.5% | ||
| Q2 25 | 0.7% | 9.5% | ||
| Q1 25 | 0.3% | 11.4% | ||
| Q4 24 | 0.1% | 11.4% | ||
| Q3 24 | 0.0% | 8.7% | ||
| Q2 24 | 0.1% | 6.2% |
现金转化率BILLIRDM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | 2.35× | 2.88× | ||
| Q3 24 | 9.94× | 4.85× | ||
| Q2 24 | 10.35× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
