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BILL Holdings, Inc.（BILL）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是BILL Holdings, Inc.的2.0倍（$828.2M vs $414.7M），Rithm Capital Corp.净利率更高（13.2% vs -0.6%，领先13.8%），BILL Holdings, Inc.同比增速更快（14.4% vs -40.0%），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
BILL vs RITM — 直观对比
营收规模更大
RITM
是对方的2.0倍
$414.7M
营收增速更快
BILL
高出54.4%
-40.0%
净利率更高
RITM
高出13.8%
-0.6%
两年增速更快
BILL
近两年复合增速
-17.9%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $828.2M |
| 净利润 | $-2.6M | $109.5M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | — |
| 净利率 | -0.6% | 13.2% |
| 营收同比 | 14.4% | -40.0% |
| 净利润同比 | -107.7% | 20.9% |
| 每股收益（稀释后） | $-0.03 | $0.12 |
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BILLRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $414.7M | $1.5B | ||
| Q3 25 | $395.7M | $1.1B | ||
| Q2 25 | $383.3M | $1.2B | ||
| Q1 25 | $358.2M | $768.4M | ||
| Q4 24 | $362.6M | $2.1B | ||
| Q3 24 | $358.4M | $619.5M | ||
| Q2 24 | $343.7M | $1.2B |
净利润BILLRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-2.6M | $85.0M | ||
| Q3 25 | $-3.0M | $221.5M | ||
| Q2 25 | $-7.1M | $311.7M | ||
| Q1 25 | $-11.6M | $78.8M | ||
| Q4 24 | $33.5M | $290.2M | ||
| Q3 24 | $8.9M | $121.7M | ||
| Q2 24 | $7.6M | $235.6M |
毛利率BILLRITM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BILLRITM
| Q1 26 | — | — | ||
| Q4 25 | -4.4% | 13.8% | ||
| Q3 25 | -5.2% | 21.4% | ||
| Q2 25 | -5.8% | 25.2% | ||
| Q1 25 | -8.1% | 7.4% | ||
| Q4 24 | -6.0% | 23.8% | ||
| Q3 24 | -2.1% | 7.3% | ||
| Q2 24 | -6.5% | 23.6% |
净利率BILLRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | -0.6% | 5.7% | ||
| Q3 25 | -0.7% | 20.0% | ||
| Q2 25 | -1.8% | 25.6% | ||
| Q1 25 | -3.2% | 10.3% | ||
| Q4 24 | 9.3% | 14.0% | ||
| Q3 24 | 2.5% | 19.7% | ||
| Q2 24 | 2.2% | 19.2% |
每股收益（稀释后）BILLRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.03 | $0.09 | ||
| Q3 25 | $-0.03 | $0.35 | ||
| Q2 25 | $0.02 | $0.53 | ||
| Q1 25 | $-0.11 | $0.07 | ||
| Q4 24 | $-0.06 | $0.50 | ||
| Q3 24 | $0.08 | $0.20 | ||
| Q2 24 | $0.37 | $0.43 |
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 | — |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $9.1B |
| 总资产 | $10.1B | $53.4B |
| 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BILLRITM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $853.5M | $1.6B | ||
| Q2 24 | $985.9M | $1.2B |
总债务BILLRITM
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $35.4B | ||
| Q3 25 | $1.9B | $32.2B | ||
| Q2 25 | $1.7B | $31.2B | ||
| Q1 25 | $1.7B | $32.2B | ||
| Q4 24 | $1.7B | $32.6B | ||
| Q3 24 | $914.8M | $29.6B | ||
| Q2 24 | $914.0M | $30.1B |
股东权益BILLRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $3.8B | $8.4B | ||
| Q3 25 | $3.9B | $8.5B | ||
| Q2 25 | $3.9B | $7.9B | ||
| Q1 25 | $3.9B | $7.8B | ||
| Q4 24 | $3.8B | $7.8B | ||
| Q3 24 | $4.0B | $7.7B | ||
| Q2 24 | $4.1B | $7.3B |
总资产BILLRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $10.1B | $53.1B | ||
| Q3 25 | $10.2B | $47.2B | ||
| Q2 25 | $10.1B | $44.3B | ||
| Q1 25 | $9.6B | $45.3B | ||
| Q4 24 | $9.7B | $46.0B | ||
| Q3 24 | $9.0B | $42.3B | ||
| Q2 24 | $9.2B | $42.0B |
负债/权益比BILLRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.48× | 4.20× | ||
| Q3 25 | 0.48× | 3.79× | ||
| Q2 25 | 0.44× | 3.92× | ||
| Q1 25 | 0.43× | 4.14× | ||
| Q4 24 | 0.44× | 4.18× | ||
| Q3 24 | 0.23× | 3.87× | ||
| Q2 24 | 0.22× | 4.10× |
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 | — |
| 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BILLRITM
| Q1 26 | — | — | ||
| Q4 25 | $105.3M | $-114.6M | ||
| Q3 25 | $96.9M | $-2.0B | ||
| Q2 25 | $83.8M | $-557.1M | ||
| Q1 25 | $99.5M | $1.4B | ||
| Q4 24 | $78.7M | $-1.8B | ||
| Q3 24 | $88.6M | $768.1M | ||
| Q2 24 | $78.6M | $-55.7M |
自由现金流BILLRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率BILLRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度BILLRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率BILLRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | — | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | 2.35× | -6.04× | ||
| Q3 24 | 9.94× | 6.31× | ||
| Q2 24 | 10.35× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
