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BILL Holdings, Inc.（BILL）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.8倍（$414.7M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 14.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $26.2M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
BILL vs ROCK — 直观对比
营收规模更大
BILL
是对方的1.8倍
$225.0M
营收增速更快
ROCK
高出10.6%
14.4%
自由现金流更多
BILL
多$77.6M
$26.2M
两年增速更快
BILL
近两年复合增速
-12.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $225.0M |
| 净利润 | $-2.6M | — |
| 毛利率 | 79.8% | 25.3% |
| 营业利润率 | -4.4% | 7.9% |
| 净利率 | -0.6% | — |
| 营收同比 | 14.4% | 24.9% |
| 净利润同比 | -107.7% | — |
| 每股收益（稀释后） | $-0.03 | — |
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BILLROCK
| Q4 25 | $414.7M | $225.0M | ||
| Q3 25 | $395.7M | $310.9M | ||
| Q2 25 | $383.3M | $309.5M | ||
| Q1 25 | $358.2M | $290.0M | ||
| Q4 24 | $362.6M | $180.1M | ||
| Q3 24 | $358.4M | $277.1M | ||
| Q2 24 | $343.7M | $273.6M | ||
| Q1 24 | $323.0M | $292.5M |
净利润BILLROCK
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-3.0M | $-89.1M | ||
| Q2 25 | $-7.1M | $26.0M | ||
| Q1 25 | $-11.6M | $21.1M | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $8.9M | $34.0M | ||
| Q2 24 | $7.6M | $32.2M | ||
| Q1 24 | $31.8M | $24.9M |
毛利率BILLROCK
| Q4 25 | 79.8% | 25.3% | ||
| Q3 25 | 80.5% | 26.6% | ||
| Q2 25 | 80.8% | 28.4% | ||
| Q1 25 | 81.2% | 26.8% | ||
| Q4 24 | 81.6% | 29.0% | ||
| Q3 24 | 82.0% | 29.4% | ||
| Q2 24 | 81.0% | 30.5% | ||
| Q1 24 | 83.0% | 28.9% |
营业利润率BILLROCK
| Q4 25 | -4.4% | 7.9% | ||
| Q3 25 | -5.2% | 12.8% | ||
| Q2 25 | -5.8% | 12.8% | ||
| Q1 25 | -8.1% | 8.8% | ||
| Q4 24 | -6.0% | 13.3% | ||
| Q3 24 | -2.1% | 15.6% | ||
| Q2 24 | -6.5% | 14.9% | ||
| Q1 24 | -8.6% | 10.8% |
净利率BILLROCK
| Q4 25 | -0.6% | — | ||
| Q3 25 | -0.7% | -28.6% | ||
| Q2 25 | -1.8% | 8.4% | ||
| Q1 25 | -3.2% | 7.3% | ||
| Q4 24 | 9.3% | — | ||
| Q3 24 | 2.5% | 12.3% | ||
| Q2 24 | 2.2% | 11.8% | ||
| Q1 24 | 9.8% | 8.5% |
每股收益（稀释后）BILLROCK
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | $-2.98 | ||
| Q2 25 | $0.02 | $0.87 | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.08 | $1.11 | ||
| Q2 24 | $0.37 | $1.05 | ||
| Q1 24 | $0.00 | — |
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 | $115.7M |
| 总债务越低越好 | $1.8B | $0 |
| 股东权益账面价值 | $3.8B | $950.4M |
| 总资产 | $10.1B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资BILLROCK
| Q4 25 | $1.1B | $115.7M | ||
| Q3 25 | $1.1B | $89.4M | ||
| Q2 25 | $1.0B | $43.3M | ||
| Q1 25 | $1.0B | $25.1M | ||
| Q4 24 | $1.6B | $269.5M | ||
| Q3 24 | $853.5M | $228.9M | ||
| Q2 24 | $985.9M | $179.1M | ||
| Q1 24 | $952.5M | $146.7M |
总债务BILLROCK
| Q4 25 | $1.8B | $0 | ||
| Q3 25 | $1.9B | $0 | ||
| Q2 25 | $1.7B | $0 | ||
| Q1 25 | $1.7B | $0 | ||
| Q4 24 | $1.7B | $0 | ||
| Q3 24 | $914.8M | $0 | ||
| Q2 24 | $914.0M | $0 | ||
| Q1 24 | $1.1B | $0 |
股东权益BILLROCK
| Q4 25 | $3.8B | $950.4M | ||
| Q3 25 | $3.9B | $951.8M | ||
| Q2 25 | $3.9B | $1.0B | ||
| Q1 25 | $3.9B | $1.0B | ||
| Q4 24 | $3.8B | $1.0B | ||
| Q3 24 | $4.0B | $1.0B | ||
| Q2 24 | $4.1B | $975.7M | ||
| Q1 24 | $4.1B | $940.2M |
总资产BILLROCK
| Q4 25 | $10.1B | $1.4B | ||
| Q3 25 | $10.2B | $1.4B | ||
| Q2 25 | $10.1B | $1.5B | ||
| Q1 25 | $9.6B | $1.4B | ||
| Q4 24 | $9.7B | $1.4B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | $9.2B | $1.4B | ||
| Q1 24 | $9.1B | $1.3B |
负债/权益比BILLROCK
| Q4 25 | 0.48× | 0.00× | ||
| Q3 25 | 0.48× | 0.00× | ||
| Q2 25 | 0.44× | 0.00× | ||
| Q1 25 | 0.43× | 0.00× | ||
| Q4 24 | 0.44× | 0.00× | ||
| Q3 24 | 0.23× | 0.00× | ||
| Q2 24 | 0.22× | 0.00× | ||
| Q1 24 | 0.28× | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $26.2M |
| 自由现金流率自由现金流/营收 | 25.0% | 11.7% |
| 资本支出强度资本支出/营收 | 0.4% | 4.1% |
| 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 | $120.6M |
8季度趋势，按日历期对齐
经营现金流BILLROCK
| Q4 25 | $105.3M | $35.5M | ||
| Q3 25 | $96.9M | $73.0M | ||
| Q2 25 | $83.8M | $44.9M | ||
| Q1 25 | $99.5M | $13.7M | ||
| Q4 24 | $78.7M | $19.9M | ||
| Q3 24 | $88.6M | $64.7M | ||
| Q2 24 | $78.6M | $36.5M | ||
| Q1 24 | $66.8M | $53.2M |
自由现金流BILLROCK
| Q4 25 | $103.8M | $26.2M | ||
| Q3 25 | $95.6M | $64.8M | ||
| Q2 25 | $81.0M | $27.3M | ||
| Q1 25 | $98.4M | $2.3M | ||
| Q4 24 | $78.3M | $14.1M | ||
| Q3 24 | $88.6M | $60.5M | ||
| Q2 24 | $78.4M | $33.5M | ||
| Q1 24 | $66.8M | $48.8M |
自由现金流率BILLROCK
| Q4 25 | 25.0% | 11.7% | ||
| Q3 25 | 24.1% | 20.8% | ||
| Q2 25 | 21.1% | 8.8% | ||
| Q1 25 | 27.5% | 0.8% | ||
| Q4 24 | 21.6% | 7.8% | ||
| Q3 24 | 24.7% | 21.8% | ||
| Q2 24 | 22.8% | 12.2% | ||
| Q1 24 | 20.7% | 16.7% |
资本支出强度BILLROCK
| Q4 25 | 0.4% | 4.1% | ||
| Q3 25 | 0.3% | 2.6% | ||
| Q2 25 | 0.7% | 5.7% | ||
| Q1 25 | 0.3% | 3.9% | ||
| Q4 24 | 0.1% | 3.3% | ||
| Q3 24 | 0.0% | 1.5% | ||
| Q2 24 | 0.1% | 1.1% | ||
| Q1 24 | 0.0% | 1.5% |
现金转化率BILLROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | 1.90× | ||
| Q2 24 | 10.35× | 1.13× | ||
| Q1 24 | 2.10× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
