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BILL Holdings, Inc.（BILL）与MACERICH CO（MAC）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MACERICH CO的1.6倍（$414.7M vs $261.7M），BILL Holdings, Inc.净利率更高（-0.6% vs -7.2%，领先6.5%），BILL Holdings, Inc.同比增速更快（14.4% vs -4.4%），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 12.0%）
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。
Macerich是一家专注于购物中心投资的房地产投资信托基金，为美国第三大购物中心持有及运营商。截至2024年12月31日，公司共持有43处物业的权益，可租赁总面积达4300万平方英尺，公司名称由创始人Mace Siegel与Richard Cohen的名字组合而来。
BILL vs MAC — 直观对比
营收规模更大
BILL
是对方的1.6倍
$261.7M
营收增速更快
BILL
高出18.7%
-4.4%
净利率更高
BILL
高出6.5%
-7.2%
两年增速更快
BILL
近两年复合增速
12.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $261.7M |
| 净利润 | $-2.6M | $-18.8M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | — |
| 净利率 | -0.6% | -7.2% |
| 营收同比 | 14.4% | -4.4% |
| 净利润同比 | -107.7% | 91.1% |
| 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BILLMAC
| Q4 25 | $414.7M | $261.7M | ||
| Q3 25 | $395.7M | $253.3M | ||
| Q2 25 | $383.3M | $249.8M | ||
| Q1 25 | $358.2M | $249.2M | ||
| Q4 24 | $362.6M | $273.7M | ||
| Q3 24 | $358.4M | $220.2M | ||
| Q2 24 | $343.7M | $215.5M | ||
| Q1 24 | $323.0M | $208.8M |
净利润BILLMAC
| Q4 25 | $-2.6M | $-18.8M | ||
| Q3 25 | $-3.0M | $-87.4M | ||
| Q2 25 | $-7.1M | $-40.9M | ||
| Q1 25 | $-11.6M | $-50.1M | ||
| Q4 24 | $33.5M | $-211.2M | ||
| Q3 24 | $8.9M | $-108.2M | ||
| Q2 24 | $7.6M | $252.0M | ||
| Q1 24 | $31.8M | $-126.7M |
毛利率BILLMAC
| 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BILLMAC
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | — | ||
| Q2 25 | -5.8% | — | ||
| Q1 25 | -8.1% | — | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -2.1% | — | ||
| Q2 24 | -6.5% | — | ||
| Q1 24 | -8.6% | — |
净利率BILLMAC
| Q4 25 | -0.6% | -7.2% | ||
| Q3 25 | -0.7% | -34.5% | ||
| Q2 25 | -1.8% | -16.4% | ||
| Q1 25 | -3.2% | -20.1% | ||
| Q4 24 | 9.3% | -77.2% | ||
| Q3 24 | 2.5% | -49.1% | ||
| Q2 24 | 2.2% | 116.9% | ||
| Q1 24 | 9.8% | -60.7% |
每股收益（稀释后）BILLMAC
| Q4 25 | $-0.03 | $-0.08 | ||
| Q3 25 | $-0.03 | $-0.34 | ||
| Q2 25 | $0.02 | $-0.16 | ||
| Q1 25 | $-0.11 | $-0.20 | ||
| Q4 24 | $-0.06 | $-0.95 | ||
| Q3 24 | $0.08 | $-0.50 | ||
| Q2 24 | $0.37 | $1.16 | ||
| Q1 24 | $0.00 | $-0.59 |
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 | $280.2M |
| 总债务越低越好 | $1.8B | $5.1B |
| 股东权益账面价值 | $3.8B | $2.4B |
| 总资产 | $10.1B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.48× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资BILLMAC
| Q4 25 | $1.1B | $280.2M | ||
| Q3 25 | $1.1B | $290.2M | ||
| Q2 25 | $1.0B | $131.1M | ||
| Q1 25 | $1.0B | $253.2M | ||
| Q4 24 | $1.6B | $89.9M | ||
| Q3 24 | $853.5M | $116.5M | ||
| Q2 24 | $985.9M | $70.7M | ||
| Q1 24 | $952.5M | $120.1M |
总债务BILLMAC
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.9B | $5.1B | ||
| Q2 25 | $1.7B | $5.2B | ||
| Q1 25 | $1.7B | $5.2B | ||
| Q4 24 | $1.7B | $4.9B | ||
| Q3 24 | $914.8M | $4.3B | ||
| Q2 24 | $914.0M | $4.4B | ||
| Q1 24 | $1.1B | $4.1B |
股东权益BILLMAC
| Q4 25 | $3.8B | $2.4B | ||
| Q3 25 | $3.9B | $2.5B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.9B | $2.7B | ||
| Q4 24 | $3.8B | $2.8B | ||
| Q3 24 | $4.0B | $2.5B | ||
| Q2 24 | $4.1B | $2.5B | ||
| Q1 24 | $4.1B | $2.3B |
总资产BILLMAC
| Q4 25 | $10.1B | $8.4B | ||
| Q3 25 | $10.2B | $8.4B | ||
| Q2 25 | $10.1B | $8.7B | ||
| Q1 25 | $9.6B | $8.7B | ||
| Q4 24 | $9.7B | $8.6B | ||
| Q3 24 | $9.0B | $7.6B | ||
| Q2 24 | $9.2B | $7.8B | ||
| Q1 24 | $9.1B | $7.4B |
负债/权益比BILLMAC
| Q4 25 | 0.48× | 2.07× | ||
| Q3 25 | 0.48× | 2.02× | ||
| Q2 25 | 0.44× | 2.02× | ||
| Q1 25 | 0.43× | 1.96× | ||
| Q4 24 | 0.44× | 1.78× | ||
| Q3 24 | 0.23× | 1.73× | ||
| Q2 24 | 0.22× | 1.75× | ||
| Q1 24 | 0.28× | 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 | $50.2M |
| 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BILLMAC
| Q4 25 | $105.3M | $50.2M | ||
| Q3 25 | $96.9M | $112.4M | ||
| Q2 25 | $83.8M | $70.5M | ||
| Q1 25 | $99.5M | $88.5M | ||
| Q4 24 | $78.7M | $54.9M | ||
| Q3 24 | $88.6M | $100.0M | ||
| Q2 24 | $78.6M | $67.4M | ||
| Q1 24 | $66.8M | $61.1M |
自由现金流BILLMAC
| 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 | — | ||
| Q1 24 | $66.8M | — |
自由现金流率BILLMAC
| 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% | — | ||
| Q1 24 | 20.7% | — |
资本支出强度BILLMAC
| 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% | — | ||
| Q1 24 | 0.0% | — |
现金转化率BILLMAC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | 0.27× | ||
| 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% |
MAC
暂无分部数据
