COMP <GO>
QTWO vs BILL // 10Y YIELD & FRED MACRO BETA
Q2 Holdings Inc. (NYSE) VS. BILL Holdings Inc. (NYSE) • 15-METRIC TALLY: QTWO 7
— BILL 3
▲ 10Y YIELD & FRED MACRO BETA LEADER: BILL
LAST: $70.44 (+5.01%) • MKT CAP: $4.35B
macro-sensitivity
1.19
LAST: $49.72 (+2.92%) • MKT CAP: $4.27B
macro-sensitivity
1.33
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (QTWO VS. BILL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | QTWO | BILL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 54.10% | 81.40% | -27.30 | BILL | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.70% | -1.20% | +6.90 | QTWO | /roic <GO> |
| EV/EBITDA & P/E Valuation | 85.9x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 4.83% | 8.32% | -3.49 | BILL | /fcf-yield <GO> |
| Operating Margin | 5.00% | -5.50% | +10.50 | QTWO | /operating-margins <GO> |
| Net Profit Margin | 6.50% | 1.60% | +4.90 | QTWO | /net-margins <GO> |
| Revenue Growth (YoY) | 14.10% | 13.40% | +0.70 | QTWO | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 4.00 | 0.62 | +3.38 | QTWO | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 9/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 68.1 | 60.9 | +7.20 | QTWO | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.19 | 1.33 | -0.14 | BILL | /macro-sensitivity <GO> |
| Forward P/E Multiple | 65.2x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $4.35B | $4.27B | $82.4M | QTWO | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | QTWO REV | BILL REV | QTWO GROSS % | BILL GROSS % | QTWO FCF | BILL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $794.8M | $1.46B | 54.1% | 81.4% | $194.7M | $346.3M |
| FY 2024 | $696.5M | $1.29B | 50.9% | 81.8% | $129.1M | $277.8M |
| FY 2023 | $624.6M | $1.06B | — | — | $42.2M | $140.1M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
QTWO // BETA 1.19
BILL // BETA 1.33