NCNO vs. BILL

Last updated Apr 2, 2026

Compare and contrast key facts about nCino, Inc. (NCNO) and Bill.com Holdings, Inc. (BILL).

Performance

NCNO vs. BILL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in nCino, Inc. (NCNO) and Bill.com Holdings, Inc. (BILL). The values are adjusted to include any dividend payments, if applicable.

NCNO vs. BILL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NCNO nCino, Inc.	-35.37%	-23.65%	-0.15%	27.19%	-51.80%	-24.24%	-20.94%
BILL Bill.com Holdings, Inc.	-29.52%	-35.62%	3.82%	-25.12%	-56.27%	82.53%	64.62%

Fundamentals

Market Cap NCNO : $1.91B BILL : $3.89B
EPS NCNO : $0.04 BILL : -$0.24
PS Ratio NCNO : 3.22 BILL : 2.53
PB Ratio NCNO : 1.81 BILL : 1.02
Total Revenue (TTM) NCNO : $594.78M BILL : $1.55B
Gross Profit (TTM) NCNO : $360.17M BILL : $1.25B
EBITDA (TTM) NCNO : $54.01M BILL : $78.90M

Returns By Period

In the year-to-date period, NCNO achieves a -35.37% return, which is significantly lower than BILL's -29.52% return.

NCNO

• 1D: 10.61%
• 1M: 2.73%
• YTD: -35.37%
• 6M: -36.63%
• 1Y: -41.07%
• 3Y*: -12.55%
• 5Y*: -24.90%
• 10Y*: —

BILL

• 1D: 0.37%
• 1M: -13.01%
• YTD: -29.52%
• 6M: -28.47%
• 1Y: -16.00%
• 3Y*: -22.04%
• 5Y*: -23.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NCNO vs. BILL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NCNO

NCNO Risk / Return Rank: 10
NCNO Sharpe Ratio Rank: 7
NCNO Sortino Ratio Rank: 9
NCNO Omega Ratio Rank: 9
NCNO Calmar Ratio Rank: 17
NCNO Martin Ratio Rank: 8

BILL

BILL Risk / Return Rank: 26
BILL Sharpe Ratio Rank: 29
BILL Sortino Ratio Rank: 29
BILL Omega Ratio Rank: 30
BILL Calmar Ratio Rank: 26
BILL Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NCNO vs. BILL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for nCino, Inc. (NCNO) and Bill.com Holdings, Inc. (BILL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NCNO	BILL	Difference
Sharpe ratio Return per unit of total volatility	-0.84	-0.25	-0.59
Sortino ratio Return per unit of downside risk	-1.11	0.04	-1.14
Omega ratio Gain probability vs. loss probability	0.86	1.00	-0.15
Calmar ratio Return relative to maximum drawdown	-0.69	-0.44	-0.25
Martin ratio Return relative to average drawdown	-1.53	-1.21	-0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCNO vs. BILL - Sharpe Ratio Comparison

The current NCNO Sharpe Ratio is -0.84, which is lower than the BILL Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of NCNO and BILL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NCNO	BILL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	-0.25	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	-0.34	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	0.02	-0.49

Correlation

The correlation between NCNO and BILL is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NCNO vs. BILL - Dividend Comparison

Neither NCNO nor BILL has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

NCNO vs. BILL - Drawdown Comparison

The maximum NCNO drawdown since its inception was -85.71%, roughly equal to the maximum BILL drawdown of -89.58%. Use the drawdown chart below to compare losses from any high point for NCNO and BILL.

Drawdown Indicators

	NCNO	BILL	Difference
Max Drawdown Largest peak-to-trough decline	-85.71%	-89.58%	+3.87%
Max Drawdown (1Y) Largest decline over 1 year	-57.14%	-36.64%	-20.50%
Max Drawdown (5Y) Largest decline over 5 years	-82.07%	-89.58%	+7.51%
Current Drawdown Current decline from peak	-83.10%	-88.77%	+5.67%
Average Drawdown Average peak-to-trough decline	-58.34%	-53.64%	-4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.92%	13.37%	+12.55%

Volatility

NCNO vs. BILL - Volatility Comparison

nCino, Inc. (NCNO) has a higher volatility of 17.69% compared to Bill.com Holdings, Inc. (BILL) at 11.87%. This indicates that NCNO's price experiences larger fluctuations and is considered to be riskier than BILL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCNO	BILL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.69%	11.87%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	35.10%	46.65%	-11.55%
Volatility (1Y) Calculated over the trailing 1-year period	49.19%	63.86%	-14.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.21%	70.79%	-17.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.44%	73.40%	-18.96%

Financials

NCNO vs. BILL - Profitability Comparison

The chart below illustrates the profitability comparison between nCino, Inc. and Bill.com Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NCNO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, nCino, Inc. reported a gross profit of 91.92M and revenue of 149.67M. Therefore, the gross margin over that period was 61.4%.

BILL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bill.com Holdings, Inc. reported a gross profit of 331.08M and revenue of 414.67M. Therefore, the gross margin over that period was 79.8%.

NCNO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, nCino, Inc. reported an operating income of 2.82M and revenue of 149.67M, resulting in an operating margin of 1.9%.

BILL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bill.com Holdings, Inc. reported an operating income of 13.34M and revenue of 414.67M, resulting in an operating margin of 3.2%.

NCNO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, nCino, Inc. reported a net income of 8.34M and revenue of 149.67M, resulting in a net margin of 5.6%.

BILL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bill.com Holdings, Inc. reported a net income of -2.59M and revenue of 414.67M, resulting in a net margin of -0.6%.