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Side-by-side financial comparison of Automatic Data Processing (ADP) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $219.3M, roughly 24.4× Janus International Group, Inc.). Automatic Data Processing runs the higher net margin — 19.8% vs 6.9%, a 12.9% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -4.7%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (1.0% CAGR vs -8.8%).
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.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
ADP vs JBI — Head-to-Head
Income Statement — Q2 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $219.3M |
| Net Profit | $1.1B | $15.2M |
| Gross Margin | 46.1% | 39.1% |
| Operating Margin | 25.8% | 13.4% |
| Net Margin | 19.8% | 6.9% |
| Revenue YoY | 6.2% | -4.7% |
| Net Profit YoY | 10.3% | 28.8% |
| EPS (diluted) | $2.62 | $0.11 |
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 | — | ||
| Q3 25 | $5.2B | $219.3M | ||
| Q2 25 | $5.1B | $228.1M | ||
| Q1 25 | $5.6B | $210.5M | ||
| Q4 24 | $5.0B | $230.8M | ||
| Q3 24 | $4.8B | $230.1M | ||
| Q2 24 | $4.8B | $248.4M | ||
| Q1 24 | $5.3B | $254.5M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $15.2M | ||
| Q2 25 | $910.7M | $20.7M | ||
| Q1 25 | $1.2B | $10.8M | ||
| Q4 24 | $963.2M | $300.0K | ||
| Q3 24 | $956.3M | $11.8M | ||
| Q2 24 | $829.3M | $27.6M | ||
| Q1 24 | $1.2B | $30.7M |
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 39.1% | ||
| Q2 25 | 45.1% | 40.9% | ||
| Q1 25 | 47.7% | 38.9% | ||
| Q4 24 | 45.7% | 37.8% | ||
| Q3 24 | 45.5% | 39.6% | ||
| Q2 24 | 44.8% | 43.9% | ||
| Q1 24 | 47.3% | 43.4% |
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | 13.4% | ||
| Q2 25 | 23.2% | 15.8% | ||
| Q1 25 | 29.2% | 12.0% | ||
| Q4 24 | 25.0% | 5.5% | ||
| Q3 24 | 25.6% | 11.6% | ||
| Q2 24 | 22.8% | 20.8% | ||
| Q1 24 | 29.4% | 21.8% |
| Q4 25 | 19.8% | — | ||
| Q3 25 | 19.6% | 6.9% | ||
| Q2 25 | 17.8% | 9.1% | ||
| Q1 25 | 22.5% | 5.1% | ||
| Q4 24 | 19.1% | 0.1% | ||
| Q3 24 | 19.8% | 5.1% | ||
| Q2 24 | 17.4% | 11.1% | ||
| Q1 24 | 22.6% | 12.1% |
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | $0.11 | ||
| Q2 25 | $2.23 | $0.15 | ||
| Q1 25 | $3.06 | $0.08 | ||
| Q4 24 | $2.35 | $0.01 | ||
| Q3 24 | $2.34 | $0.08 | ||
| Q2 24 | $2.01 | $0.19 | ||
| Q1 24 | $2.88 | $0.21 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $560.8M |
| Total Assets | $84.6B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $7.3B | $102.1M | ||
| Q2 24 | $3.3B | $110.1M | ||
| Q1 24 | $3.3B | — |
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | $560.8M | ||
| Q2 25 | $6.2B | $543.8M | ||
| Q1 25 | $5.9B | $526.8M | ||
| Q4 24 | $5.1B | $518.8M | ||
| Q3 24 | $5.3B | $526.6M | ||
| Q2 24 | $4.5B | $556.3M | ||
| Q1 24 | $4.6B | $535.4M |
| Q4 25 | $84.6B | — | ||
| Q3 25 | $54.3B | $1.3B | ||
| Q2 25 | $53.4B | $1.3B | ||
| Q1 25 | $56.4B | $1.3B | ||
| Q4 24 | $64.1B | $1.3B | ||
| Q3 24 | $49.5B | $1.3B | ||
| Q2 24 | $54.4B | $1.3B | ||
| Q1 24 | $64.2B | $1.4B |
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 | $15.0M |
| Free Cash FlowOCF − Capex | — | $8.3M |
| FCF MarginFCF / Revenue | — | 3.8% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 1.07× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | — | ||
| Q3 25 | $642.3M | $15.0M | ||
| Q2 25 | $1.4B | $51.4M | ||
| Q1 25 | $1.5B | $48.3M | ||
| Q4 24 | $1.2B | $51.4M | ||
| Q3 24 | $824.4M | $43.0M | ||
| Q2 24 | $1.3B | $31.0M | ||
| Q1 24 | $1.5B | $28.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | $8.3M | ||
| Q2 25 | — | $44.6M | ||
| Q1 25 | — | $41.9M | ||
| Q4 24 | — | $45.3M | ||
| Q3 24 | — | $39.3M | ||
| Q2 24 | — | $25.3M | ||
| Q1 24 | — | $24.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 19.6% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | 9.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 0.99× | ||
| Q2 25 | 1.58× | 2.48× | ||
| Q1 25 | 1.22× | 4.47× | ||
| Q4 24 | 1.19× | 171.33× | ||
| Q3 24 | 0.86× | 3.64× | ||
| Q2 24 | 1.57× | 1.12× | ||
| Q1 24 | 1.26× | 0.93× |
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% |
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
