Bill.com Holdings, Inc. (BILL) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
437.37
↓-29% vs avg
5yr avg: 615.30
P/FCF
↓
10.44
↓-73% vs avg
5yr avg: 38.76
30Y Low15.5·High79.1
P/B Ratio
↓
0.86
↓-70% vs avg
5yr avg: 2.87
30Y Low1.2·High10.1
ROE
↑
0.6%
↓+114% vs avg
5yr avg: -4.3%
30Y Low-10%·High1%
Debt/EBITDA
200.53
+0% vs avg
5yr avg: 200.53
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BILL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bill.com Holdings, Inc. trades at 141.2x earnings, 30% below its 5-year average of 201.1x, sitting at the 50th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 387%. On a free-cash-flow basis, the stock trades at 10.4x P/FCF, 73% below the 5-year average of 38.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $4.8B | $5.6B | $12.4B | $11.2B | $15.2B | $7.2B | — | — |
| Enterprise Value | $3.9B | $5.4B | $5.6B | $12.7B | $11.4B | $15.7B | $6.6B | — | — |
| P/E Ratio → | 141.17 | 201.13 | — | — | — | — | — | — | — |
| P/S Ratio | 2.21 | 3.29 | 4.33 | 11.70 | 17.43 | 63.67 | 45.58 | — | — |
| P/B Ratio | 0.86 | 1.23 | 1.35 | 3.03 | 2.77 | 6.00 | 10.11 | — | — |
| P/FCF | 10.44 | 15.52 | 21.65 | 79.09 | — | — | — | — | — |
| P/OCF | 9.22 | 13.71 | 20.03 | 65.95 | — | 3281.35 | — | — | — |
P/E links to full P/E history page with 30-year chart
BILL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bill.com Holdings, Inc.'s enterprise value stands at 437.4x EBITDA, 29% below its 5-year average of 615.3x. The Technology sector median is 16.7x, placing the stock at a 2525% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.72 | 4.32 | 11.98 | 17.83 | 66.04 | 41.96 | — | — |
| EV / EBITDA | 437.37 | 615.30 | — | — | — | — | — | — | — |
| EV / EBIT | — | 111.08 | — | — | — | — | — | — | — |
| EV / FCF | — | 17.57 | 21.61 | 80.98 | — | — | — | — | — |
BILL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bill.com Holdings, Inc. earns an operating margin of -5.5%. Operating margins have expanded from -27.9% to -5.5% over the past 3 years, signaling improving operational efficiency. ROE of 0.6% is modest.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.4% | 81.4% | 81.8% | 81.7% | 77.4% | 74.1% | 75.2% | 72.4% | 70.1% |
| Operating Margin | -5.5% | -5.5% | -13.5% | -27.9% | -49.4% | -47.8% | -21.7% | -9.0% | -12.1% |
| Net Profit Margin | 1.6% | 1.6% | -2.2% | -21.1% | -50.8% | -41.4% | -19.7% | -6.8% | -11.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.6% | 0.6% | -0.7% | -5.5% | -9.9% | -6.1% | -10.2% | — | — |
| ROA | 0.2% | 0.2% | -0.3% | -2.4% | -4.3% | -2.4% | -1.6% | -0.6% | -0.7% |
| ROIC | -1.4% | -1.4% | -3.1% | -5.1% | -6.4% | -5.3% | -18.4% | — | — |
| ROCE | -1.5% | -1.5% | -3.2% | -5.0% | -6.7% | -5.2% | -7.6% | -7.1% | -7.9% |
BILL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bill.com Holdings, Inc. carries a Debt/EBITDA ratio of 200.5x, which is highly leveraged (6716% above the sector average of 2.9x). Net debt stands at $633M ($1.8B total debt minus $1.1B cash). Interest coverage of just 2.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.45 | 0.45 | 0.24 | 0.47 | 0.46 | 0.43 | 0.00 | — | — |
| Debt / EBITDA | 200.53 | 200.53 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.16 | -0.00 | 0.07 | 0.06 | 0.22 | -0.80 | — | — |
| Net Debt / EBITDA | 71.58 | 71.58 | — | — | — | — | — | — | — |
| Debt / FCF | — | 2.04 | -0.04 | 1.89 | — | — | — | — | — |
| Interest Coverage | 2.64 | 2.64 | -0.37 | -13.66 | -34.11 | -3.95 | -134.54 | -8.05 | -15.83 |
BILL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.58x means Bill.com Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.78x to 1.58x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.58 | 1.58 | 1.55 | 1.78 | 1.84 | 1.55 | 1.42 | 1.12 | 1.09 |
| Quick Ratio | 1.58 | 1.58 | 1.55 | 0.88 | 0.92 | 1.55 | 1.42 | 1.12 | 1.09 |
| Cash Ratio | 0.51 | 0.51 | 0.39 | 0.71 | 0.79 | 0.50 | 0.42 | 0.12 | 0.10 |
| Asset Turnover | — | 0.15 | 0.14 | 0.11 | 0.07 | 0.04 | 0.07 | 0.07 | 0.06 |
| Inventory Turnover | — | — | — | 0.06 | 0.05 | — | — | — | — |
| Days Sales Outstanding | — | 179.05 | 205.18 | 167.90 | 159.45 | 253.25 | 25.02 | 30.97 | 30.09 |
BILL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bill.com Holdings, Inc. returns 13.3% to shareholders annually primarily through share buybacks. The earnings yield of 0.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.7% | 0.5% | — | — | — | — | — | — | — |
| FCF Yield | 9.6% | 6.4% | 4.6% | 1.3% | — | — | — | — | — |
| Buyback Yield | 13.3% | 8.9% | 3.8% | 0.7% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 13.3% | 8.9% | 3.8% | 0.7% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $104M | $106M | $106M | $102M | $83M | $80M | $72M | $82M |
Peer Comparison
Compare BILL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BILLYou | $3B | 141.2 | 437.4 | 10.4 | 81.4% | -5.5% | 0.6% | -1.4% | 200.5 |
 INTU | $73B | 19.5 | 13.4 | 12.0 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 PAYC | $7B | 15.5 | 8.9 | 16.7 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 PCTY | $5B | 25.1 | 13.0 | 15.8 | 68.8% | 19.1% | 20.0% | 26.2% | 0.5 |
 APPF | $5B | 39.0 | 30.9 | 22.8 | 61.3% | 16.1% | 26.5% | 22.4% | 0.4 |
 TNET | $2B | 14.3 | 3.1 | 6.8 | 17.4% | 5.3% | 252.0% | — | 2.8 |
 FLYW | $2B | 144.1 | 41.8 | 19.1 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 WEX | $4B | 15.1 | 8.3 | 14.1 | 54.9% | 25.4% | 22.3% | 9.6% | 4.8 |
 PLTK | $1B | -6.3 | 13.9 | 2.5 | 72.5% | 0.0% | — | 0.1% | 11.2 |
 RELY | $4B | 68.1 | 38.6 | 15.0 | 57.1% | 5.0% | 8.9% | 14.2% | 2.1 |
 V | $628B | 32.1 | 25.1 | 29.1 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
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Includes 30+ ratios · 8 years · Updated daily
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BILL — Frequently Asked Questions
Quick answers to the most common questions about buying BILL stock.
What is Bill.com Holdings, Inc.'s P/E ratio?
Bill.com Holdings, Inc.'s current P/E ratio is 141.2x. This places it at the 50th percentile of its historical range.
What is Bill.com Holdings, Inc.'s EV/EBITDA?
Bill.com Holdings, Inc.'s current EV/EBITDA is 437.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Bill.com Holdings, Inc.'s ROE?
Bill.com Holdings, Inc.'s return on equity (ROE) is 0.6%. The historical average is -5.3%.
Is BILL stock overvalued?
Based on historical data, Bill.com Holdings, Inc. is trading at a P/E of 141.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Bill.com Holdings, Inc.'s profit margins?
Bill.com Holdings, Inc. has 81.4% gross margin and -5.5% operating margin.
How much debt does Bill.com Holdings, Inc. have?
Bill.com Holdings, Inc.'s Debt/EBITDA ratio is 200.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.