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Side-by-side financial comparison of Automatic Data Processing (ADP) and LiveWire Group, Inc. (LVWR). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $11.4M, roughly 472.0× LiveWire Group, Inc.). Automatic Data Processing runs the higher net margin — 19.8% vs -155.2%, a 175.0% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs 5.5%). Over the past eight quarters, LiveWire Group, Inc.'s revenue compounded faster (51.0% CAGR vs 1.0%).
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.
LiveWire is an American electric motorcycle manufacturer. It was initially launched as a dedicated electric vehicle (EV) division for Harley Davidson in July 2021. The company was spun-off from its parent and went public on September 27, 2022, via merger with a special-purpose acquisition company (SPAC). It was the first publicly traded electric motorcycle company in the United States.
ADP vs LVWR — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $11.4M |
| Net Profit | $1.1B | $-17.6M |
| Gross Margin | 46.1% | 0.8% |
| Operating Margin | 25.8% | -156.2% |
| Net Margin | 19.8% | -155.2% |
| Revenue YoY | 6.2% | 5.5% |
| Net Profit YoY | 10.3% | 22.6% |
| EPS (diluted) | $2.62 | $-0.09 |
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 | $11.4M | ||
| Q3 25 | $5.2B | $5.7M | ||
| Q2 25 | $5.1B | $5.9M | ||
| Q1 25 | $5.6B | $2.7M | ||
| Q4 24 | $5.0B | $10.8M | ||
| Q3 24 | $4.8B | $4.4M | ||
| Q2 24 | $4.8B | $6.4M | ||
| Q1 24 | $5.3B | $5.0M |
| Q4 25 | $1.1B | $-17.6M | ||
| Q3 25 | $1.0B | $-19.4M | ||
| Q2 25 | $910.7M | $-18.8M | ||
| Q1 25 | $1.2B | $-19.3M | ||
| Q4 24 | $963.2M | $-22.8M | ||
| Q3 24 | $956.3M | $-22.7M | ||
| Q2 24 | $829.3M | $-24.8M | ||
| Q1 24 | $1.2B | $-23.6M |
| Q4 25 | 46.1% | 0.8% | ||
| Q3 25 | 45.2% | -50.9% | ||
| Q2 25 | 45.1% | 9.3% | ||
| Q1 25 | 47.7% | -79.0% | ||
| Q4 24 | 45.7% | -49.8% | ||
| Q3 24 | 45.5% | -34.2% | ||
| Q2 24 | 44.8% | -27.6% | ||
| Q1 24 | 47.3% | -82.9% |
| Q4 25 | 25.8% | -156.2% | ||
| Q3 25 | 25.3% | -330.0% | ||
| Q2 25 | 23.2% | -311.0% | ||
| Q1 25 | 29.2% | -753.4% | ||
| Q4 24 | 25.0% | -234.6% | ||
| Q3 24 | 25.6% | -596.7% | ||
| Q2 24 | 22.8% | -436.7% | ||
| Q1 24 | 29.4% | -611.1% |
| Q4 25 | 19.8% | -155.2% | ||
| Q3 25 | 19.6% | -340.2% | ||
| Q2 25 | 17.8% | -320.6% | ||
| Q1 25 | 22.5% | -702.6% | ||
| Q4 24 | 19.1% | -211.7% | ||
| Q3 24 | 19.8% | -510.6% | ||
| Q2 24 | 17.4% | -384.6% | ||
| Q1 24 | 22.6% | -475.0% |
| Q4 25 | $2.62 | $-0.09 | ||
| Q3 25 | $2.49 | $-0.10 | ||
| Q2 25 | $2.23 | $-0.09 | ||
| Q1 25 | $3.06 | $-0.09 | ||
| Q4 24 | $2.35 | $-0.11 | ||
| Q3 24 | $2.34 | $-0.11 | ||
| Q2 24 | $2.01 | $-0.12 | ||
| Q1 24 | $2.88 | $-0.12 |
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 | $82.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $46.0M |
| Total Assets | $84.6B | $146.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $82.8M | ||
| Q3 25 | $7.9B | $16.3M | ||
| Q2 25 | $7.8B | $29.3M | ||
| Q1 25 | $2.7B | $46.2M | ||
| Q4 24 | $2.2B | $64.4M | ||
| Q3 24 | $7.3B | $88.4M | ||
| Q2 24 | $3.3B | $113.0M | ||
| Q1 24 | $3.3B | $141.0M |
| Q4 25 | $6.4B | $46.0M | ||
| Q3 25 | $6.4B | $61.8M | ||
| Q2 25 | $6.2B | $79.7M | ||
| Q1 25 | $5.9B | $97.2M | ||
| Q4 24 | $5.1B | $115.1M | ||
| Q3 24 | $5.3B | $137.7M | ||
| Q2 24 | $4.5B | $159.0M | ||
| Q1 24 | $4.6B | $183.8M |
| Q4 25 | $84.6B | $146.4M | ||
| Q3 25 | $54.3B | $89.2M | ||
| Q2 25 | $53.4B | $109.8M | ||
| Q1 25 | $56.4B | $128.3M | ||
| Q4 24 | $64.1B | $148.0M | ||
| Q3 24 | $49.5B | $178.3M | ||
| Q2 24 | $54.4B | $204.9M | ||
| Q1 24 | $64.2B | $237.1M |
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 | $-7.9M |
| Free Cash FlowOCF − Capex | — | $-8.9M |
| FCF MarginFCF / Revenue | — | -78.7% |
| Capex IntensityCapex / Revenue | — | 9.1% |
| Cash ConversionOCF / Net Profit | 1.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-57.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $-7.9M | ||
| Q3 25 | $642.3M | $-13.3M | ||
| Q2 25 | $1.4B | $-14.9M | ||
| Q1 25 | $1.5B | $-17.5M | ||
| Q4 24 | $1.2B | $-21.9M | ||
| Q3 24 | $824.4M | $-23.1M | ||
| Q2 24 | $1.3B | $-26.0M | ||
| Q1 24 | $1.5B | $-22.9M |
| Q4 25 | — | $-8.9M | ||
| Q3 25 | — | $-14.0M | ||
| Q2 25 | — | $-16.3M | ||
| Q1 25 | — | $-18.1M | ||
| Q4 24 | — | $-23.3M | ||
| Q3 24 | — | $-24.7M | ||
| Q2 24 | — | $-27.8M | ||
| Q1 24 | — | $-26.2M |
| Q4 25 | — | -78.7% | ||
| Q3 25 | — | -245.9% | ||
| Q2 25 | — | -277.7% | ||
| Q1 25 | — | -660.0% | ||
| Q4 24 | — | -216.3% | ||
| Q3 24 | — | -555.3% | ||
| Q2 24 | — | -431.1% | ||
| Q1 24 | — | -525.6% |
| Q4 25 | — | 9.1% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | — | 65.1% |
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | — |
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% |
LVWR
Segment breakdown not available.
