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BILL Holdings, Inc.（BILL）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
BILL Holdings, Inc.的季度营收约是迈心诺的1.1倍（$414.7M vs $371.5M），BILL Holdings, Inc.净利率更高（-0.6% vs -27.0%，领先26.4%），BILL Holdings, Inc.同比增速更快（14.4% vs -26.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $50.9M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
BILL vs MASI — 直观对比
营收规模更大
BILL
是对方的1.1倍
$371.5M
营收增速更快
BILL
高出40.8%
-26.4%
净利率更高
BILL
高出26.4%
-27.0%
自由现金流更多
BILL
多$52.9M
$50.9M
两年增速更快
BILL
近两年复合增速
-17.7%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $371.5M |
| 净利润 | $-2.6M | $-100.4M |
| 毛利率 | 79.8% | 62.1% |
| 营业利润率 | -4.4% | 22.5% |
| 净利率 | -0.6% | -27.0% |
| 营收同比 | 14.4% | -26.4% |
| 净利润同比 | -107.7% | -1124.5% |
| 每股收益（稀释后） | $-0.03 | $-1.84 |
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BILLMASI
| Q4 25 | $414.7M | — | ||
| Q3 25 | $395.7M | $371.5M | ||
| Q2 25 | $383.3M | $370.9M | ||
| Q1 25 | $358.2M | $372.0M | ||
| Q4 24 | $362.6M | $600.7M | ||
| Q3 24 | $358.4M | $504.6M | ||
| Q2 24 | $343.7M | $496.3M | ||
| Q1 24 | $323.0M | $492.8M |
净利润BILLMASI
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $-100.4M | ||
| Q2 25 | $-7.1M | $51.3M | ||
| Q1 25 | $-11.6M | $-170.7M | ||
| Q4 24 | $33.5M | $-349.6M | ||
| Q3 24 | $8.9M | $9.8M | ||
| Q2 24 | $7.6M | $16.0M | ||
| Q1 24 | $31.8M | $18.9M |
毛利率BILLMASI
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | 62.1% | ||
| Q2 25 | 80.8% | 62.9% | ||
| Q1 25 | 81.2% | 62.9% | ||
| Q4 24 | 81.6% | 40.7% | ||
| Q3 24 | 82.0% | 52.2% | ||
| Q2 24 | 81.0% | 51.3% | ||
| Q1 24 | 83.0% | 49.0% |
营业利润率BILLMASI
| Q4 25 | -4.4% | — | ||
| Q3 25 | -5.2% | 22.5% | ||
| Q2 25 | -5.8% | 17.4% | ||
| Q1 25 | -8.1% | 21.0% | ||
| Q4 24 | -6.0% | -59.8% | ||
| Q3 24 | -2.1% | 6.0% | ||
| Q2 24 | -6.5% | 5.7% | ||
| Q1 24 | -8.6% | 6.9% |
净利率BILLMASI
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | -27.0% | ||
| Q2 25 | -1.8% | 13.8% | ||
| Q1 25 | -3.2% | -45.9% | ||
| Q4 24 | 9.3% | -58.2% | ||
| Q3 24 | 2.5% | 1.9% | ||
| Q2 24 | 2.2% | 3.2% | ||
| Q1 24 | 9.8% | 3.8% |
每股收益（稀释后）BILLMASI
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $-1.84 | ||
| Q2 25 | $0.02 | $0.94 | ||
| Q1 25 | $-0.11 | $-3.12 | ||
| Q4 24 | $-0.06 | $-6.54 | ||
| Q3 24 | $0.08 | $0.18 | ||
| Q2 24 | $0.37 | $0.29 | ||
| Q1 24 | $0.00 | $0.35 |
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 | $312.3M |
| 总债务越低越好 | $1.8B | $559.1M |
| 股东权益账面价值 | $3.8B | $810.0M |
| 总资产 | $10.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资BILLMASI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $312.3M | ||
| Q2 25 | $1.0B | $149.6M | ||
| Q1 25 | $1.0B | $130.8M | ||
| Q4 24 | $1.6B | $177.6M | ||
| Q3 24 | $853.5M | $158.5M | ||
| Q2 24 | $985.9M | $129.6M | ||
| Q1 24 | $952.5M | $157.6M |
总债务BILLMASI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | $559.1M | ||
| Q2 25 | $1.7B | $613.7M | ||
| Q1 25 | $1.7B | $651.0M | ||
| Q4 24 | $1.7B | $765.2M | ||
| Q3 24 | $914.8M | $772.6M | ||
| Q2 24 | $914.0M | $781.6M | ||
| Q1 24 | $1.1B | $876.0M |
股东权益BILLMASI
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.9B | $810.0M | ||
| Q2 25 | $3.9B | $1.0B | ||
| Q1 25 | $3.9B | $946.4M | ||
| Q4 24 | $3.8B | $1.1B | ||
| Q3 24 | $4.0B | $1.5B | ||
| Q2 24 | $4.1B | $1.4B | ||
| Q1 24 | $4.1B | $1.4B |
总资产BILLMASI
| Q4 25 | $10.1B | — | ||
| Q3 25 | $10.2B | $1.8B | ||
| Q2 25 | $10.1B | $2.4B | ||
| Q1 25 | $9.6B | $2.3B | ||
| Q4 24 | $9.7B | $2.6B | ||
| Q3 24 | $9.0B | $3.1B | ||
| Q2 24 | $9.2B | $2.9B | ||
| Q1 24 | $9.1B | $3.0B |
负债/权益比BILLMASI
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | 0.69× | ||
| Q2 25 | 0.44× | 0.59× | ||
| Q1 25 | 0.43× | 0.69× | ||
| Q4 24 | 0.44× | 0.73× | ||
| Q3 24 | 0.23× | 0.53× | ||
| Q2 24 | 0.22× | 0.57× | ||
| Q1 24 | 0.28× | 0.64× |
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 | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $50.9M |
| 自由现金流率自由现金流/营收 | 25.0% | 13.7% |
| 资本支出强度资本支出/营收 | 0.4% | 1.6% |
| 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 | $191.0M |
8季度趋势，按日历期对齐
经营现金流BILLMASI
| Q4 25 | $105.3M | — | ||
| Q3 25 | $96.9M | $56.8M | ||
| Q2 25 | $83.8M | $69.4M | ||
| Q1 25 | $99.5M | $31.1M | ||
| Q4 24 | $78.7M | $50.5M | ||
| Q3 24 | $88.6M | $25.6M | ||
| Q2 24 | $78.6M | $74.5M | ||
| Q1 24 | $66.8M | $45.8M |
自由现金流BILLMASI
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | $50.9M | ||
| Q2 25 | $81.0M | $65.6M | ||
| Q1 25 | $98.4M | $28.5M | ||
| Q4 24 | $78.3M | $46.0M | ||
| Q3 24 | $88.6M | $16.9M | ||
| Q2 24 | $78.4M | $66.9M | ||
| Q1 24 | $66.8M | $37.6M |
自由现金流率BILLMASI
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | 13.7% | ||
| Q2 25 | 21.1% | 17.7% | ||
| Q1 25 | 27.5% | 7.7% | ||
| Q4 24 | 21.6% | 7.7% | ||
| Q3 24 | 24.7% | 3.3% | ||
| Q2 24 | 22.8% | 13.5% | ||
| Q1 24 | 20.7% | 7.6% |
资本支出强度BILLMASI
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.7% | 1.0% | ||
| Q1 25 | 0.3% | 0.7% | ||
| Q4 24 | 0.1% | 0.7% | ||
| Q3 24 | 0.0% | 1.7% | ||
| Q2 24 | 0.1% | 1.5% | ||
| Q1 24 | 0.0% | 1.7% |
现金转化率BILLMASI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 2.61× | ||
| Q2 24 | 10.35× | 4.66× | ||
| Q1 24 | 2.10× | 2.42× |
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% |
MASI
暂无分部数据
