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BILL Holdings, Inc.（BILL）与ProPetro Holding Corp.（PUMP）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ProPetro Holding Corp.的1.4倍（$414.7M vs $289.7M），BILL Holdings, Inc.同比增速更快（14.4% vs -9.6%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $16.8M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -15.5%）
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。
ProPetro Holding Corp.是一家总部位于美国的油田服务供应商，主要为陆上油气勘探开采企业提供水力压裂、完井及相关配套服务，核心业务集中在横跨德克萨斯州和新墨西哥州的二叠纪盆地。
BILL vs PUMP — 直观对比
营收规模更大
BILL
是对方的1.4倍
$289.7M
营收增速更快
BILL
高出24.0%
-9.6%
自由现金流更多
BILL
多$87.0M
$16.8M
两年增速更快
BILL
近两年复合增速
-15.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $289.7M |
| 净利润 | $-2.6M | — |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | 2.1% |
| 净利率 | -0.6% | — |
| 营收同比 | 14.4% | -9.6% |
| 净利润同比 | -107.7% | — |
| 每股收益（稀释后） | $-0.03 | $0.01 |
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BILLPUMP
| Q4 25 | $414.7M | $289.7M | ||
| Q3 25 | $395.7M | $293.9M | ||
| Q2 25 | $383.3M | $326.2M | ||
| Q1 25 | $358.2M | $359.4M | ||
| Q4 24 | $362.6M | $320.6M | ||
| Q3 24 | $358.4M | $360.9M | ||
| Q2 24 | $343.7M | $357.0M | ||
| Q1 24 | $323.0M | $405.8M |
净利润BILLPUMP
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $-2.4M | ||
| Q2 25 | $-7.1M | $-7.2M | ||
| Q1 25 | $-11.6M | $9.6M | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $8.9M | $-137.1M | ||
| Q2 24 | $7.6M | $-3.7M | ||
| Q1 24 | $31.8M | $19.9M |
毛利率BILLPUMP
| 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BILLPUMP
| Q4 25 | -4.4% | 2.1% | ||
| Q3 25 | -5.2% | -2.1% | ||
| Q2 25 | -5.8% | -1.0% | ||
| Q1 25 | -8.1% | 2.6% | ||
| Q4 24 | -6.0% | -5.8% | ||
| Q3 24 | -2.1% | -49.4% | ||
| Q2 24 | -6.5% | -0.1% | ||
| Q1 24 | -8.6% | 7.5% |
净利率BILLPUMP
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | -0.8% | ||
| Q2 25 | -1.8% | -2.2% | ||
| Q1 25 | -3.2% | 2.7% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 2.5% | -38.0% | ||
| Q2 24 | 2.2% | -1.0% | ||
| Q1 24 | 9.8% | 4.9% |
每股收益（稀释后）BILLPUMP
| Q4 25 | $-0.03 | $0.01 | ||
| Q3 25 | $-0.03 | $-0.02 | ||
| Q2 25 | $0.02 | $-0.07 | ||
| Q1 25 | $-0.11 | $0.09 | ||
| Q4 24 | $-0.06 | $-0.14 | ||
| Q3 24 | $0.08 | $-1.32 | ||
| Q2 24 | $0.37 | $-0.03 | ||
| Q1 24 | $0.00 | $0.18 |
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 | $91.3M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $829.8M |
| 总资产 | $10.1B | $1.3B |
| 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BILLPUMP
| Q4 25 | $1.1B | $91.3M | ||
| Q3 25 | $1.1B | $76.7M | ||
| Q2 25 | $1.0B | $83.0M | ||
| Q1 25 | $1.0B | $71.4M | ||
| Q4 24 | $1.6B | $58.3M | ||
| Q3 24 | $853.5M | $54.0M | ||
| Q2 24 | $985.9M | $74.7M | ||
| Q1 24 | $952.5M | $53.6M |
总债务BILLPUMP
| 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BILLPUMP
| Q4 25 | $3.8B | $829.8M | ||
| Q3 25 | $3.9B | $826.2M | ||
| Q2 25 | $3.9B | $824.0M | ||
| Q1 25 | $3.9B | $826.5M | ||
| Q4 24 | $3.8B | $816.3M | ||
| Q3 24 | $4.0B | $833.0M | ||
| Q2 24 | $4.1B | $975.8M | ||
| Q1 24 | $4.1B | $998.2M |
总资产BILLPUMP
| Q4 25 | $10.1B | $1.3B | ||
| Q3 25 | $10.2B | $1.3B | ||
| Q2 25 | $10.1B | $1.2B | ||
| Q1 25 | $9.6B | $1.2B | ||
| Q4 24 | $9.7B | $1.2B | ||
| Q3 24 | $9.0B | $1.3B | ||
| Q2 24 | $9.2B | $1.5B | ||
| Q1 24 | $9.1B | $1.2B |
负债/权益比BILLPUMP
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $16.8M |
| 自由现金流率自由现金流/营收 | 25.0% | 5.8% |
| 资本支出强度资本支出/营收 | 0.4% | 22.2% |
| 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 | $45.3M |
8季度趋势，按日历期对齐
经营现金流BILLPUMP
| Q4 25 | $105.3M | $81.0M | ||
| Q3 25 | $96.9M | $41.7M | ||
| Q2 25 | $83.8M | $54.2M | ||
| Q1 25 | $99.5M | $54.7M | ||
| Q4 24 | $78.7M | $37.9M | ||
| Q3 24 | $88.6M | $34.7M | ||
| Q2 24 | $78.6M | $104.9M | ||
| Q1 24 | $66.8M | $74.8M |
自由现金流BILLPUMP
| Q4 25 | $103.8M | $16.8M | ||
| Q3 25 | $95.6M | $-2.4M | ||
| Q2 25 | $81.0M | $17.1M | ||
| Q1 25 | $98.4M | $13.8M | ||
| Q4 24 | $78.3M | $10.0M | ||
| Q3 24 | $88.6M | $-6.0M | ||
| Q2 24 | $78.4M | $67.7M | ||
| Q1 24 | $66.8M | $40.2M |
自由现金流率BILLPUMP
| Q4 25 | 25.0% | 5.8% | ||
| Q3 25 | 24.1% | -0.8% | ||
| Q2 25 | 21.1% | 5.2% | ||
| Q1 25 | 27.5% | 3.8% | ||
| Q4 24 | 21.6% | 3.1% | ||
| Q3 24 | 24.7% | -1.7% | ||
| Q2 24 | 22.8% | 19.0% | ||
| Q1 24 | 20.7% | 9.9% |
资本支出强度BILLPUMP
| Q4 25 | 0.4% | 22.2% | ||
| Q3 25 | 0.3% | 15.0% | ||
| Q2 25 | 0.7% | 11.4% | ||
| Q1 25 | 0.3% | 11.4% | ||
| Q4 24 | 0.1% | 8.7% | ||
| Q3 24 | 0.0% | 11.3% | ||
| Q2 24 | 0.1% | 10.4% | ||
| Q1 24 | 0.0% | 8.5% |
现金转化率BILLPUMP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.70× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | 3.75× |
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% |
PUMP
| Hydraulic Fracturing Segment | $203.9M | 70% |
| Wireline Operating Segment | $55.4M | 19% |
| Cementing Operating Segment | $29.6M | 10% |
