Bill.com Holdings, Inc. vs Model N, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
BILL: 3—MODN: 2wins
Rule of 40
23.8BILL
5.8MODN
check_circleBILL leads
Revenue Growth
7.7%BILL
16.3%MODN
check_circleMODN leads
Gross Margin
81%BILL
57%MODN
check_circleBILL leads
FCF Margin
16.1%BILL
-10.5%MODN
check_circleBILL leads
Operating Margin
-4.3%BILL
-2.1%MODN
check_circleMODN leads
NRR
—BILL
—MODN
Metric
Rule of 40Efficiency score
BILL
23.8check_circle
MODN
5.8
Revenue GrowthYoY
BILL
7.7%
MODN
16.3%check_circle
Gross Margin% of revenue
BILL
81%check_circle
MODN
57%
FCF MarginFree cash flow
BILL
16.1%check_circle
MODN
-10.5%
Operating MarginGAAP
BILL
-4.3%
MODN
-2.1%check_circle
NRRNet retention
BILL
N/A
MODN
N/A
EV / RevenueValuation multiple
BILL
N/A
MODN
4.4x
Market CapUSD
BILL
N/A
MODN
$1.2B
ARR GrowthYoY
BILL
N/A
MODN
N/A
CAC PaybackMonths to recover
BILL
N/A
MODN
N/A
insights
Analysis
As of Q1 2026, Bill.com Holdings, Inc. trades at N/A EV/Revenue versus Model N, Inc. at 4.4x. On the Rule of 40, Bill.com Holdings, Inc. scores 23.8 compared to Model N, Inc.'s 5.8, placing Bill.com Holdings, Inc. ahead in operating efficiency. Gross margins stand at Bill.com Holdings, Inc. 81% vs Model N, Inc. 57%.
Sector Context
Both companies operate in the Fintech sector. The median columns above show where each company stands relative to their peers.