Bill vs Pegasystems
Add, change or remove companies; up to four.
KIRAβs take AI analyst
I put Bill and Pegasystems side by side, using each oneβs latest annual report. Here is what stands out:
- Pegasystems is the larger business, with $1.7B of revenue in fiscal 2025 against $1.7B for Bill.
- Pegasystems grew revenue faster (16.6%, against 13.0%).
- Pegasystems kept more of each dollar of sales as operating profit (15.1% operating margin, against β4.4%).
- Pegasystems turned more of its sales into free cash flow (28.1% FCF margin, against 25.0%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Bill
BILL
3/9
5-year growthGross marginShare count change
Pegasystems
PEGA
6/9
Revenue growthOperating marginNet marginFCF marginReturn on equityPiotroski F-score
Side by side
Best in the row
| Latest fiscal year | BILL FY26 | PEGA FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.1B | $6.1B |
| Revenue | $1.7B | $1.7B |
| Free cash flow | $413M | $491M |
| Net income | β$11.2M | $393M |
| Growth | ||
| Revenue growth | 13.0% | 16.6% |
| 5-year growth | 47.3% | 11.4% |
| Share count change | β3.8% | 3.1% |
| Profitability | ||
| Gross margin | 80.9% | 75.9% |
| Operating margin | β4.4% | 15.1% |
| Net margin | β0.7% | 22.5% |
| FCF margin | 25.0% | 28.1% |
| Return on capital | β1.7% | β |
| Return on equity | β0.3% | 57.3% |
| Balance sheet | ||
| Net debt | β$101M | β$426M |
| Net debt / EBITDA | β | β1.5x |
| Dividends and buybacks | $561M | $515M |
| Valuation & quality | ||
| P/E | β | 22.6x |
| Piotroski F-score | 4 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.