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Side-by-side financial comparison of Automatic Data Processing (ADP) and Freeport-McMoRan (FCX). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $5.3B, roughly 1.0× Freeport-McMoRan). Automatic Data Processing runs the higher net margin — 19.8% vs 10.7%, a 9.1% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -10.4%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (1.0% CAGR vs -7.9%).
Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
ADP vs FCX — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $5.3B |
| Net Profit | $1.1B | $565.0M |
| Gross Margin | 46.1% | 12.4% |
| Operating Margin | 25.8% | 15.4% |
| Net Margin | 19.8% | 10.7% |
| Revenue YoY | 6.2% | -10.4% |
| Net Profit YoY | 10.3% | -21.6% |
| EPS (diluted) | $2.62 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.4B | $5.3B | ||
| Q3 25 | $5.2B | $6.8B | ||
| Q2 25 | $5.1B | $7.5B | ||
| Q1 25 | $5.6B | $5.6B | ||
| Q4 24 | $5.0B | $5.9B | ||
| Q3 24 | $4.8B | $6.7B | ||
| Q2 24 | $4.8B | $6.4B | ||
| Q1 24 | $5.3B | $6.2B |
| Q4 25 | $1.1B | $565.0M | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $910.7M | $1.5B | ||
| Q1 25 | $1.2B | $793.0M | ||
| Q4 24 | $963.2M | $721.0M | ||
| Q3 24 | $956.3M | $1.2B | ||
| Q2 24 | $829.3M | $1.3B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | 46.1% | 12.4% | ||
| Q3 25 | 45.2% | 29.2% | ||
| Q2 25 | 45.1% | 34.2% | ||
| Q1 25 | 47.7% | 24.3% | ||
| Q4 24 | 45.7% | 27.0% | ||
| Q3 24 | 45.5% | 30.0% | ||
| Q2 24 | 44.8% | 31.5% | ||
| Q1 24 | 47.3% | 28.5% |
| Q4 25 | 25.8% | 15.4% | ||
| Q3 25 | 25.3% | 28.9% | ||
| Q2 25 | 23.2% | 32.3% | ||
| Q1 25 | 29.2% | 23.4% | ||
| Q4 24 | 25.0% | 21.1% | ||
| Q3 24 | 25.6% | 29.0% | ||
| Q2 24 | 22.8% | 32.0% | ||
| Q1 24 | 29.4% | 26.3% |
| Q4 25 | 19.8% | 10.7% | ||
| Q3 25 | 19.6% | 18.3% | ||
| Q2 25 | 17.8% | 20.6% | ||
| Q1 25 | 22.5% | 14.2% | ||
| Q4 24 | 19.1% | 12.3% | ||
| Q3 24 | 19.8% | 18.5% | ||
| Q2 24 | 17.4% | 20.0% | ||
| Q1 24 | 22.6% | 18.7% |
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | $0.46 | ||
| Q2 25 | $2.23 | $0.53 | ||
| Q1 25 | $3.06 | $0.24 | ||
| Q4 24 | $2.35 | — | ||
| Q3 24 | $2.34 | $0.36 | ||
| Q2 24 | $2.01 | $0.42 | ||
| Q1 24 | $2.88 | $0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.5B | $3.8B |
| Total DebtLower is stronger | — | $9.4B |
| Stockholders' EquityBook value | $6.4B | $18.9B |
| Total Assets | $84.6B | $58.2B |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $3.8B | ||
| Q3 25 | $7.9B | $4.3B | ||
| Q2 25 | $7.8B | $4.5B | ||
| Q1 25 | $2.7B | $4.4B | ||
| Q4 24 | $2.2B | $3.9B | ||
| Q3 24 | $7.3B | $5.0B | ||
| Q2 24 | $3.3B | $5.3B | ||
| Q1 24 | $3.3B | $5.2B |
| Q4 25 | — | $9.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.4B |
| Q4 25 | $6.4B | $18.9B | ||
| Q3 25 | $6.4B | $18.7B | ||
| Q2 25 | $6.2B | $18.2B | ||
| Q1 25 | $5.9B | $17.7B | ||
| Q4 24 | $5.1B | $17.6B | ||
| Q3 24 | $5.3B | $17.5B | ||
| Q2 24 | $4.5B | $17.4B | ||
| Q1 24 | $4.6B | $17.0B |
| Q4 25 | $84.6B | $58.2B | ||
| Q3 25 | $54.3B | $56.8B | ||
| Q2 25 | $53.4B | $56.5B | ||
| Q1 25 | $56.4B | $56.0B | ||
| Q4 24 | $64.1B | $54.8B | ||
| Q3 24 | $49.5B | $55.4B | ||
| Q2 24 | $54.4B | $54.6B | ||
| Q1 24 | $64.2B | $54.2B |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.55× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.56× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $693.0M |
| Free Cash FlowOCF − Capex | — | $-312.0M |
| FCF MarginFCF / Revenue | — | -5.9% |
| Capex IntensityCapex / Revenue | — | 19.1% |
| Cash ConversionOCF / Net Profit | 1.07× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $693.0M | ||
| Q3 25 | $642.3M | $1.7B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $824.4M | $1.9B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | — | $-312.0M | ||
| Q3 25 | — | $608.0M | ||
| Q2 25 | — | $934.0M | ||
| Q1 25 | — | $-114.0M | ||
| Q4 24 | — | $197.0M | ||
| Q3 24 | — | $673.0M | ||
| Q2 24 | — | $840.0M | ||
| Q1 24 | — | $642.0M |
| Q4 25 | — | -5.9% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 10.3% |
| Q4 25 | — | 19.1% | ||
| Q3 25 | — | 15.5% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 1.07× | 1.23× | ||
| Q3 25 | 0.63× | 1.33× | ||
| Q2 25 | 1.58× | 1.42× | ||
| Q1 25 | 1.22× | 1.33× | ||
| Q4 24 | 1.19× | 1.99× | ||
| Q3 24 | 0.86× | 1.51× | ||
| Q2 24 | 1.57× | 1.53× | ||
| Q1 24 | 1.26× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 7% |
