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BILL Holdings, Inc.（BILL）与Stitch Fix, Inc.（SFIX）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Stitch Fix, Inc.的1.2倍（$414.7M vs $342.1M），BILL Holdings, Inc.净利率更高（-0.6% vs -1.9%，领先1.2%），BILL Holdings, Inc.同比增速更快（14.4% vs 7.3%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $5.6M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 1.8%）
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。
Stitch Fix是美国的在线个人造型服务平台，依托推荐算法与数据科学技术，根据顾客的身形尺寸、预算和风格偏好推送个性化服饰单品。该公司创立于2011年，2017年完成首次公开募股，目前总部位于旧金山。
BILL vs SFIX — 直观对比
营收规模更大
BILL
是对方的1.2倍
$342.1M
营收增速更快
BILL
高出7.1%
7.3%
净利率更高
BILL
高出1.2%
-1.9%
自由现金流更多
BILL
多$98.3M
$5.6M
两年增速更快
BILL
近两年复合增速
1.8%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $342.1M |
| 净利润 | $-2.6M | $-6.4M |
| 毛利率 | 79.8% | 43.6% |
| 营业利润率 | -4.4% | -2.5% |
| 净利率 | -0.6% | -1.9% |
| 营收同比 | 14.4% | 7.3% |
| 净利润同比 | -107.7% | -1.7% |
| 每股收益（稀释后） | $-0.03 | $-0.05 |
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BILLSFIX
| Q4 25 | $414.7M | $342.1M | ||
| Q3 25 | $395.7M | $311.2M | ||
| Q2 25 | $383.3M | $325.0M | ||
| Q1 25 | $358.2M | $312.1M | ||
| Q4 24 | $362.6M | $318.8M | ||
| Q3 24 | $358.4M | $319.6M | ||
| Q2 24 | $343.7M | $322.7M | ||
| Q1 24 | $323.0M | $330.4M |
净利润BILLSFIX
| Q4 25 | $-2.6M | $-6.4M | ||
| Q3 25 | $-3.0M | $-8.6M | ||
| Q2 25 | $-7.1M | $-7.4M | ||
| Q1 25 | $-11.6M | $-6.5M | ||
| Q4 24 | $33.5M | $-6.3M | ||
| Q3 24 | $8.9M | $-36.5M | ||
| Q2 24 | $7.6M | $-21.3M | ||
| Q1 24 | $31.8M | $-35.5M |
毛利率BILLSFIX
| Q4 25 | 79.8% | 43.6% | ||
| Q3 25 | 80.5% | 43.6% | ||
| Q2 25 | 80.8% | 44.2% | ||
| Q1 25 | 81.2% | 44.5% | ||
| Q4 24 | 81.6% | 45.4% | ||
| Q3 24 | 82.0% | 44.6% | ||
| Q2 24 | 81.0% | 45.5% | ||
| Q1 24 | 83.0% | 43.4% |
营业利润率BILLSFIX
| Q4 25 | -4.4% | -2.5% | ||
| Q3 25 | -5.2% | -3.6% | ||
| Q2 25 | -5.8% | -3.0% | ||
| Q1 25 | -8.1% | -2.9% | ||
| Q4 24 | -6.0% | -2.8% | ||
| Q3 24 | -2.1% | -13.1% | ||
| Q2 24 | -6.5% | -7.7% | ||
| Q1 24 | -8.6% | -11.5% |
净利率BILLSFIX
| Q4 25 | -0.6% | -1.9% | ||
| Q3 25 | -0.7% | -2.8% | ||
| Q2 25 | -1.8% | -2.3% | ||
| Q1 25 | -3.2% | -2.1% | ||
| Q4 24 | 9.3% | -2.0% | ||
| Q3 24 | 2.5% | -11.4% | ||
| Q2 24 | 2.2% | -6.6% | ||
| Q1 24 | 9.8% | -10.8% |
每股收益（稀释后）BILLSFIX
| Q4 25 | $-0.03 | $-0.05 | ||
| Q3 25 | $-0.03 | $-0.06 | ||
| Q2 25 | $0.02 | $-0.06 | ||
| Q1 25 | $-0.11 | $-0.05 | ||
| Q4 24 | $-0.06 | $-0.05 | ||
| Q3 24 | $0.08 | $-0.29 | ||
| Q2 24 | $0.37 | $-0.18 | ||
| Q1 24 | $0.00 | $-0.30 |
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 | $244.2M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $204.1M |
| 总资产 | $10.1B | $530.7M |
| 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BILLSFIX
| Q4 25 | $1.1B | $244.2M | ||
| Q3 25 | $1.1B | $234.9M | ||
| Q2 25 | $1.0B | $234.2M | ||
| Q1 25 | $1.0B | $219.1M | ||
| Q4 24 | $1.6B | $253.3M | ||
| Q3 24 | $853.5M | $247.0M | ||
| Q2 24 | $985.9M | $244.5M | ||
| Q1 24 | $952.5M | $229.8M |
总债务BILLSFIX
| 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BILLSFIX
| Q4 25 | $3.8B | $204.1M | ||
| Q3 25 | $3.9B | $203.0M | ||
| Q2 25 | $3.9B | $200.4M | ||
| Q1 25 | $3.9B | $197.8M | ||
| Q4 24 | $3.8B | $190.5M | ||
| Q3 24 | $4.0B | $187.0M | ||
| Q2 24 | $4.1B | $208.9M | ||
| Q1 24 | $4.1B | $213.3M |
总资产BILLSFIX
| Q4 25 | $10.1B | $530.7M | ||
| Q3 25 | $10.2B | $480.6M | ||
| Q2 25 | $10.1B | $484.7M | ||
| Q1 25 | $9.6B | $472.6M | ||
| Q4 24 | $9.7B | $507.1M | ||
| Q3 24 | $9.0B | $486.9M | ||
| Q2 24 | $9.2B | $537.0M | ||
| Q1 24 | $9.1B | $538.3M |
负债/权益比BILLSFIX
| 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 | $10.9M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $5.6M |
| 自由现金流率自由现金流/营收 | 25.0% | 1.6% |
| 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 | $4.9M |
8季度趋势，按日历期对齐
经营现金流BILLSFIX
| Q4 25 | $105.3M | $10.9M | ||
| Q3 25 | $96.9M | $7.0M | ||
| Q2 25 | $83.8M | $20.5M | ||
| Q1 25 | $99.5M | $-16.2M | ||
| Q4 24 | $78.7M | $14.3M | ||
| Q3 24 | $88.6M | $8.2M | ||
| Q2 24 | $78.6M | $21.7M | ||
| Q1 24 | $66.8M | $-22.3M |
自由现金流BILLSFIX
| Q4 25 | $103.8M | $5.6M | ||
| Q3 25 | $95.6M | $2.8M | ||
| Q2 25 | $81.0M | $16.0M | ||
| Q1 25 | $98.4M | $-19.4M | ||
| Q4 24 | $78.3M | $9.9M | ||
| Q3 24 | $88.6M | $4.5M | ||
| Q2 24 | $78.4M | $18.9M | ||
| Q1 24 | $66.8M | $-26.1M |
自由现金流率BILLSFIX
| Q4 25 | 25.0% | 1.6% | ||
| Q3 25 | 24.1% | 0.9% | ||
| Q2 25 | 21.1% | 4.9% | ||
| Q1 25 | 27.5% | -6.2% | ||
| Q4 24 | 21.6% | 3.1% | ||
| Q3 24 | 24.7% | 1.4% | ||
| Q2 24 | 22.8% | 5.9% | ||
| Q1 24 | 20.7% | -7.9% |
资本支出强度BILLSFIX
| Q4 25 | 0.4% | 1.6% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 0.3% | 1.0% | ||
| Q4 24 | 0.1% | 1.4% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.0% | 1.1% |
现金转化率BILLSFIX
| 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% |
SFIX
暂无分部数据
