vs
BILL Holdings, Inc.（BILL）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是BILL Holdings, Inc.的1.1倍（$461.6M vs $414.7M），RBC Bearings INC净利率更高（14.6% vs -0.6%，领先15.2%），RBC Bearings INC同比增速更快（17.0% vs 14.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $99.1M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
BILL vs RBC — 直观对比
营收规模更大
RBC
是对方的1.1倍
$414.7M
营收增速更快
RBC
高出2.7%
14.4%
净利率更高
RBC
高出15.2%
-0.6%
自由现金流更多
BILL
多$4.7M
$99.1M
两年增速更快
BILL
近两年复合增速
5.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $461.6M |
| 净利润 | $-2.6M | $67.4M |
| 毛利率 | 79.8% | 44.3% |
| 营业利润率 | -4.4% | 22.3% |
| 净利率 | -0.6% | 14.6% |
| 营收同比 | 14.4% | 17.0% |
| 净利润同比 | -107.7% | 16.4% |
| 每股收益（稀释后） | $-0.03 | $2.13 |
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BILLRBC
| Q4 25 | $414.7M | $461.6M | ||
| Q3 25 | $395.7M | $455.3M | ||
| Q2 25 | $383.3M | $436.0M | ||
| Q1 25 | $358.2M | $437.7M | ||
| Q4 24 | $362.6M | $394.4M | ||
| Q3 24 | $358.4M | $397.9M | ||
| Q2 24 | $343.7M | $406.3M | ||
| Q1 24 | $323.0M | $413.7M |
净利润BILLRBC
| Q4 25 | $-2.6M | $67.4M | ||
| Q3 25 | $-3.0M | $60.0M | ||
| Q2 25 | $-7.1M | $68.5M | ||
| Q1 25 | $-11.6M | $72.7M | ||
| Q4 24 | $33.5M | $57.9M | ||
| Q3 24 | $8.9M | $54.2M | ||
| Q2 24 | $7.6M | $61.4M | ||
| Q1 24 | $31.8M | — |
毛利率BILLRBC
| Q4 25 | 79.8% | 44.3% | ||
| Q3 25 | 80.5% | 44.1% | ||
| Q2 25 | 80.8% | 44.8% | ||
| Q1 25 | 81.2% | 44.2% | ||
| Q4 24 | 81.6% | 44.3% | ||
| Q3 24 | 82.0% | 43.7% | ||
| Q2 24 | 81.0% | 45.3% | ||
| Q1 24 | 83.0% | 43.1% |
营业利润率BILLRBC
| Q4 25 | -4.4% | 22.3% | ||
| Q3 25 | -5.2% | 21.5% | ||
| Q2 25 | -5.8% | 23.2% | ||
| Q1 25 | -8.1% | 23.0% | ||
| Q4 24 | -6.0% | 21.7% | ||
| Q3 24 | -2.1% | 21.6% | ||
| Q2 24 | -6.5% | 24.0% | ||
| Q1 24 | -8.6% | 22.8% |
净利率BILLRBC
| Q4 25 | -0.6% | 14.6% | ||
| Q3 25 | -0.7% | 13.2% | ||
| Q2 25 | -1.8% | 15.7% | ||
| Q1 25 | -3.2% | 16.6% | ||
| Q4 24 | 9.3% | 14.7% | ||
| Q3 24 | 2.5% | 13.6% | ||
| Q2 24 | 2.2% | 15.1% | ||
| Q1 24 | 9.8% | — |
每股收益（稀释后）BILLRBC
| Q4 25 | $-0.03 | $2.13 | ||
| Q3 25 | $-0.03 | $1.90 | ||
| Q2 25 | $0.02 | $2.17 | ||
| Q1 25 | $-0.11 | $2.33 | ||
| Q4 24 | $-0.06 | $1.82 | ||
| Q3 24 | $0.08 | $1.65 | ||
| Q2 24 | $0.37 | $1.90 | ||
| Q1 24 | $0.00 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $1.8B | $990.2M |
| 股东权益账面价值 | $3.8B | $3.3B |
| 总资产 | $10.1B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BILLRBC
| Q4 25 | $1.1B | $107.6M | ||
| Q3 25 | $1.1B | $91.2M | ||
| Q2 25 | $1.0B | $132.9M | ||
| Q1 25 | $1.0B | $36.8M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $853.5M | — | ||
| Q2 24 | $985.9M | $76.8M | ||
| Q1 24 | $952.5M | $63.5M |
总债务BILLRBC
| Q4 25 | $1.8B | $990.2M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.7B | $915.6M | ||
| Q1 25 | $1.7B | $920.1M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | — | ||
| Q2 24 | $914.0M | — | ||
| Q1 24 | $1.1B | $1.2B |
股东权益BILLRBC
| Q4 25 | $3.8B | $3.3B | ||
| Q3 25 | $3.9B | $3.2B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | $3.9B | $3.0B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $4.0B | $2.9B | ||
| Q2 24 | $4.1B | $2.8B | ||
| Q1 24 | $4.1B | $2.8B |
总资产BILLRBC
| Q4 25 | $10.1B | $5.1B | ||
| Q3 25 | $10.2B | $5.1B | ||
| Q2 25 | $10.1B | $4.8B | ||
| Q1 25 | $9.6B | $4.7B | ||
| Q4 24 | $9.7B | $4.7B | ||
| Q3 24 | $9.0B | $4.7B | ||
| Q2 24 | $9.2B | $4.7B | ||
| Q1 24 | $9.1B | $4.7B |
负债/权益比BILLRBC
| Q4 25 | 0.48× | 0.30× | ||
| Q3 25 | 0.48× | 0.34× | ||
| Q2 25 | 0.44× | 0.29× | ||
| Q1 25 | 0.43× | 0.30× | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.28× | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $99.1M |
| 自由现金流率自由现金流/营收 | 25.0% | 21.5% |
| 资本支出强度资本支出/营收 | 0.4% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 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BILLRBC
| Q4 25 | $105.3M | $122.1M | ||
| Q3 25 | $96.9M | $88.4M | ||
| Q2 25 | $83.8M | $120.0M | ||
| Q1 25 | $99.5M | — | ||
| Q4 24 | $78.7M | $84.0M | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.6M | $97.4M | ||
| Q1 24 | $66.8M | — |
自由现金流BILLRBC
| Q4 25 | $103.8M | $99.1M | ||
| Q3 25 | $95.6M | $71.7M | ||
| Q2 25 | $81.0M | $104.3M | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | $73.6M | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | $88.4M | ||
| Q1 24 | $66.8M | — |
自由现金流率BILLRBC
| Q4 25 | 25.0% | 21.5% | ||
| Q3 25 | 24.1% | 15.7% | ||
| Q2 25 | 21.1% | 23.9% | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | 18.7% | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | 21.8% | ||
| Q1 24 | 20.7% | — |
资本支出强度BILLRBC
| Q4 25 | 0.4% | 5.0% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.7% | 3.6% | ||
| Q1 25 | 0.3% | 3.2% | ||
| Q4 24 | 0.1% | 2.6% | ||
| Q3 24 | 0.0% | 4.1% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | 0.0% | — |
现金转化率BILLRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.35× | 1.45× | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
