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BILL Holdings, Inc.（BILL）与Klaviyo, Inc.（KVYO）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Klaviyo, Inc.的1.2倍（$414.7M vs $350.2M），Klaviyo, Inc.净利率更高（2.0% vs -0.6%，领先2.6%），Klaviyo, Inc.同比增速更快（29.6% vs 14.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $90.7M），过去两年Klaviyo, Inc.的营收复合增速更高（29.1% 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。
Klaviyo是一家美国科技企业，专注于提供营销自动化平台服务，核心应用场景涵盖邮件营销与短信营销，能够帮助不同规模的品牌商家高效触达用户，提升营销转化效果，现已服务全球众多电商及零售领域客户。
BILL vs KVYO — 直观对比
营收规模更大
BILL
是对方的1.2倍
$350.2M
营收增速更快
KVYO
高出15.2%
14.4%
净利率更高
KVYO
高出2.6%
-0.6%
自由现金流更多
BILL
多$13.1M
$90.7M
两年增速更快
KVYO
近两年复合增速
13.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $350.2M |
| 净利润 | $-2.6M | $7.0M |
| 毛利率 | 79.8% | 72.2% |
| 营业利润率 | -4.4% | -0.5% |
| 净利率 | -0.6% | 2.0% |
| 营收同比 | 14.4% | 29.6% |
| 净利润同比 | -107.7% | 126.1% |
| 每股收益（稀释后） | $-0.03 | $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BILLKVYO
| Q4 25 | $414.7M | $350.2M | ||
| Q3 25 | $395.7M | $310.9M | ||
| Q2 25 | $383.3M | $293.1M | ||
| Q1 25 | $358.2M | $279.8M | ||
| Q4 24 | $362.6M | $270.2M | ||
| Q3 24 | $358.4M | $235.1M | ||
| Q2 24 | $343.7M | $222.2M | ||
| Q1 24 | $323.0M | $210.0M |
净利润BILLKVYO
| Q4 25 | $-2.6M | $7.0M | ||
| Q3 25 | $-3.0M | $-426.0K | ||
| Q2 25 | $-7.1M | $-24.3M | ||
| Q1 25 | $-11.6M | $-14.1M | ||
| Q4 24 | $33.5M | $-27.0M | ||
| Q3 24 | $8.9M | $-1.3M | ||
| Q2 24 | $7.6M | $-4.9M | ||
| Q1 24 | $31.8M | $-12.9M |
毛利率BILLKVYO
| Q4 25 | 79.8% | 72.2% | ||
| Q3 25 | 80.5% | 75.5% | ||
| Q2 25 | 80.8% | 75.7% | ||
| Q1 25 | 81.2% | 75.8% | ||
| Q4 24 | 81.6% | 73.4% | ||
| Q3 24 | 82.0% | 76.9% | ||
| Q2 24 | 81.0% | 77.4% | ||
| Q1 24 | 83.0% | 78.6% |
营业利润率BILLKVYO
| Q4 25 | -4.4% | -0.5% | ||
| Q3 25 | -5.2% | -3.5% | ||
| Q2 25 | -5.8% | -10.7% | ||
| Q1 25 | -8.1% | -8.5% | ||
| Q4 24 | -6.0% | -12.8% | ||
| Q3 24 | -2.1% | -5.6% | ||
| Q2 24 | -6.5% | -6.3% | ||
| Q1 24 | -8.6% | -10.5% |
净利率BILLKVYO
| Q4 25 | -0.6% | 2.0% | ||
| Q3 25 | -0.7% | -0.1% | ||
| Q2 25 | -1.8% | -8.3% | ||
| Q1 25 | -3.2% | -5.0% | ||
| Q4 24 | 9.3% | -10.0% | ||
| Q3 24 | 2.5% | -0.6% | ||
| Q2 24 | 2.2% | -2.2% | ||
| Q1 24 | 9.8% | -6.1% |
每股收益（稀释后）BILLKVYO
| Q4 25 | $-0.03 | $0.03 | ||
| Q3 25 | $-0.03 | $0.00 | ||
| Q2 25 | $0.02 | $-0.09 | ||
| Q1 25 | $-0.11 | $-0.05 | ||
| Q4 24 | $-0.06 | $-0.09 | ||
| Q3 24 | $0.08 | $-0.01 | ||
| Q2 24 | $0.37 | $-0.02 | ||
| 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 | $1.1B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $1.2B |
| 总资产 | $10.1B | $1.6B |
| 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BILLKVYO
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $980.3M | ||
| Q2 25 | $1.0B | $935.5M | ||
| Q1 25 | $1.0B | $888.4M | ||
| Q4 24 | $1.6B | $881.5M | ||
| Q3 24 | $853.5M | $826.7M | ||
| Q2 24 | $985.9M | $793.6M | ||
| Q1 24 | $952.5M | $755.8M |
总债务BILLKVYO
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | — |
股东权益BILLKVYO
| Q4 25 | $3.8B | $1.2B | ||
| Q3 25 | $3.9B | $1.1B | ||
| Q2 25 | $3.9B | $1.1B | ||
| Q1 25 | $3.9B | $1.1B | ||
| Q4 24 | $3.8B | $1.0B | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $4.1B | $979.5M | ||
| Q1 24 | $4.1B | $937.5M |
总资产BILLKVYO
| Q4 25 | $10.1B | $1.6B | ||
| Q3 25 | $10.2B | $1.5B | ||
| Q2 25 | $10.1B | $1.4B | ||
| Q1 25 | $9.6B | $1.3B | ||
| Q4 24 | $9.7B | $1.3B | ||
| Q3 24 | $9.0B | $1.2B | ||
| Q2 24 | $9.2B | $1.1B | ||
| Q1 24 | $9.1B | $1.1B |
负债/权益比BILLKVYO
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| 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 | $93.2M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $90.7M |
| 自由现金流率自由现金流/营收 | 25.0% | 25.9% |
| 资本支出强度资本支出/营收 | 0.4% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 13.26× |
| 过去12个月自由现金流最近4个季度 | $378.8M | $208.5M |
8季度趋势，按日历期对齐
经营现金流BILLKVYO
| Q4 25 | $105.3M | $93.2M | ||
| Q3 25 | $96.9M | $54.8M | ||
| Q2 25 | $83.8M | $55.7M | ||
| Q1 25 | $99.5M | $14.4M | ||
| Q4 24 | $78.7M | $60.1M | ||
| Q3 24 | $88.6M | $38.8M | ||
| Q2 24 | $78.6M | $40.9M | ||
| Q1 24 | $66.8M | $26.2M |
自由现金流BILLKVYO
| Q4 25 | $103.8M | $90.7M | ||
| Q3 25 | $95.6M | $52.5M | ||
| Q2 25 | $81.0M | $53.7M | ||
| Q1 25 | $98.4M | $11.7M | ||
| Q4 24 | $78.3M | $57.7M | ||
| Q3 24 | $88.6M | $37.2M | ||
| Q2 24 | $78.4M | $40.1M | ||
| Q1 24 | $66.8M | $24.9M |
自由现金流率BILLKVYO
| Q4 25 | 25.0% | 25.9% | ||
| Q3 25 | 24.1% | 16.9% | ||
| Q2 25 | 21.1% | 18.3% | ||
| Q1 25 | 27.5% | 4.2% | ||
| Q4 24 | 21.6% | 21.4% | ||
| Q3 24 | 24.7% | 15.8% | ||
| Q2 24 | 22.8% | 18.1% | ||
| Q1 24 | 20.7% | 11.9% |
资本支出强度BILLKVYO
| Q4 25 | 0.4% | 0.7% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.7% | 0.7% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.1% | 0.9% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.1% | 0.3% | ||
| Q1 24 | 0.0% | 0.6% |
现金转化率BILLKVYO
| Q4 25 | — | 13.26× | ||
| 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% |
KVYO
暂无分部数据
