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BILL Holdings, Inc.（BILL）与PROCORE TECHNOLOGIES, INC.（PCOR）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PROCORE TECHNOLOGIES, INC.的1.2倍（$414.7M vs $349.1M），BILL Holdings, Inc.净利率更高（-0.6% vs -10.8%，领先10.1%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs 14.4%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $103.8M），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% 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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
BILL vs PCOR — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $349.1M |
| 净利润 | $-2.6M | $-37.6M |
| 毛利率 | 79.8% | 80.1% |
| 营业利润率 | -4.4% | -12.3% |
| 净利率 | -0.6% | -10.8% |
| 营收同比 | 14.4% | 15.6% |
| 净利润同比 | -107.7% | 39.6% |
| 每股收益（稀释后） | $-0.03 | $-0.25 |
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
| Q4 25 | $414.7M | $349.1M | ||
| Q3 25 | $395.7M | $338.9M | ||
| Q2 25 | $383.3M | $323.9M | ||
| Q1 25 | $358.2M | $310.6M | ||
| Q4 24 | $362.6M | $302.0M | ||
| Q3 24 | $358.4M | $295.9M | ||
| Q2 24 | $343.7M | $284.3M | ||
| Q1 24 | $323.0M | $269.4M |
| Q4 25 | $-2.6M | $-37.6M | ||
| Q3 25 | $-3.0M | $-9.1M | ||
| Q2 25 | $-7.1M | $-21.1M | ||
| Q1 25 | $-11.6M | $-33.0M | ||
| Q4 24 | $33.5M | $-62.3M | ||
| Q3 24 | $8.9M | $-26.4M | ||
| Q2 24 | $7.6M | $-6.3M | ||
| Q1 24 | $31.8M | $-11.0M |
| Q4 25 | 79.8% | 80.1% | ||
| Q3 25 | 80.5% | 79.7% | ||
| Q2 25 | 80.8% | 79.1% | ||
| Q1 25 | 81.2% | 79.1% | ||
| Q4 24 | 81.6% | 81.2% | ||
| Q3 24 | 82.0% | 81.4% | ||
| Q2 24 | 81.0% | 83.1% | ||
| Q1 24 | 83.0% | 83.0% |
| Q4 25 | -4.4% | -12.3% | ||
| Q3 25 | -5.2% | -4.4% | ||
| Q2 25 | -5.8% | -9.3% | ||
| Q1 25 | -8.1% | -11.7% | ||
| Q4 24 | -6.0% | -21.9% | ||
| Q3 24 | -2.1% | -12.3% | ||
| Q2 24 | -6.5% | -5.2% | ||
| Q1 24 | -8.6% | -7.0% |
| Q4 25 | -0.6% | -10.8% | ||
| Q3 25 | -0.7% | -2.7% | ||
| Q2 25 | -1.8% | -6.5% | ||
| Q1 25 | -3.2% | -10.6% | ||
| Q4 24 | 9.3% | -20.6% | ||
| Q3 24 | 2.5% | -8.9% | ||
| Q2 24 | 2.2% | -2.2% | ||
| Q1 24 | 9.8% | -4.1% |
| Q4 25 | $-0.03 | $-0.25 | ||
| Q3 25 | $-0.03 | $-0.06 | ||
| Q2 25 | $0.02 | $-0.14 | ||
| Q1 25 | $-0.11 | $-0.22 | ||
| Q4 24 | $-0.06 | $-0.42 | ||
| Q3 24 | $0.08 | $-0.18 | ||
| Q2 24 | $0.37 | $-0.04 | ||
| Q1 24 | $0.00 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $1.3B |
| 总资产 | $10.1B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
| Q4 25 | $1.1B | $768.5M | ||
| Q3 25 | $1.1B | $684.0M | ||
| Q2 25 | $1.0B | $620.9M | ||
| Q1 25 | $1.0B | $566.7M | ||
| Q4 24 | $1.6B | $775.4M | ||
| Q3 24 | $853.5M | $756.9M | ||
| Q2 24 | $985.9M | $735.4M | ||
| Q1 24 | $952.5M | $744.6M |
| 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 | — |
| Q4 25 | $3.8B | $1.3B | ||
| Q3 25 | $3.9B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $3.9B | $1.2B | ||
| Q4 24 | $3.8B | $1.3B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $4.1B | $1.3B | ||
| Q1 24 | $4.1B | $1.2B |
| Q4 25 | $10.1B | $2.2B | ||
| Q3 25 | $10.2B | $2.1B | ||
| Q2 25 | $10.1B | $2.0B | ||
| Q1 25 | $9.6B | $1.9B | ||
| Q4 24 | $9.7B | $2.1B | ||
| Q3 24 | $9.0B | $2.0B | ||
| Q2 24 | $9.2B | $2.0B | ||
| Q1 24 | $9.1B | $1.9B |
| 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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $109.2M |
| 自由现金流率自由现金流/营收 | 25.0% | 31.3% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
| Q4 25 | $105.3M | $114.9M | ||
| Q3 25 | $96.9M | $88.5M | ||
| Q2 25 | $83.8M | $30.8M | ||
| Q1 25 | $99.5M | $66.0M | ||
| Q4 24 | $78.7M | $29.1M | ||
| Q3 24 | $88.6M | $39.3M | ||
| Q2 24 | $78.6M | $58.7M | ||
| Q1 24 | $66.8M | $69.1M |
| Q4 25 | $103.8M | $109.2M | ||
| Q3 25 | $95.6M | $83.1M | ||
| Q2 25 | $81.0M | $27.9M | ||
| Q1 25 | $98.4M | $62.0M | ||
| Q4 24 | $78.3M | $17.4M | ||
| Q3 24 | $88.6M | $35.7M | ||
| Q2 24 | $78.4M | $56.8M | ||
| Q1 24 | $66.8M | $67.1M |
| Q4 25 | 25.0% | 31.3% | ||
| Q3 25 | 24.1% | 24.5% | ||
| Q2 25 | 21.1% | 8.6% | ||
| Q1 25 | 27.5% | 20.0% | ||
| Q4 24 | 21.6% | 5.8% | ||
| Q3 24 | 24.7% | 12.1% | ||
| Q2 24 | 22.8% | 20.0% | ||
| Q1 24 | 20.7% | 24.9% |
| Q4 25 | 0.4% | 1.6% | ||
| Q3 25 | 0.3% | 1.6% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | 0.3% | 1.3% | ||
| Q4 24 | 0.1% | 3.9% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.1% | 0.7% | ||
| Q1 24 | 0.0% | 0.8% |
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
