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Side-by-side financial comparison of Automatic Data Processing (ADP) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $134.3M, roughly 39.9× Mayville Engineering Company, Inc.). Automatic Data Processing runs the higher net margin — 19.8% vs -3.2%, a 23.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 6.2%). 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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
ADP vs MEC — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $134.3M |
| Net Profit | $1.1B | $-4.4M |
| Gross Margin | 46.1% | 6.8% |
| Operating Margin | 25.8% | -4.1% |
| Net Margin | 19.8% | -3.2% |
| Revenue YoY | 6.2% | 10.7% |
| Net Profit YoY | 10.3% | -127.3% |
| EPS (diluted) | $2.62 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $5.2B | $144.3M | ||
| Q2 25 | $5.1B | $132.3M | ||
| Q1 25 | $5.6B | $135.6M | ||
| Q4 24 | $5.0B | $121.3M | ||
| Q3 24 | $4.8B | $135.4M | ||
| Q2 24 | $4.8B | $163.6M | ||
| Q1 24 | $5.3B | $161.3M |
| Q4 25 | $1.1B | $-4.4M | ||
| Q3 25 | $1.0B | $-2.7M | ||
| Q2 25 | $910.7M | $-1.1M | ||
| Q1 25 | $1.2B | $20.0K | ||
| Q4 24 | $963.2M | $16.0M | ||
| Q3 24 | $956.3M | $3.0M | ||
| Q2 24 | $829.3M | $3.8M | ||
| Q1 24 | $1.2B | $3.2M |
| Q4 25 | 46.1% | 6.8% | ||
| Q3 25 | 45.2% | 11.0% | ||
| Q2 25 | 45.1% | 10.3% | ||
| Q1 25 | 47.7% | 11.3% | ||
| Q4 24 | 45.7% | 8.9% | ||
| Q3 24 | 45.5% | 12.6% | ||
| Q2 24 | 44.8% | 13.6% | ||
| Q1 24 | 47.3% | 13.0% |
| Q4 25 | 25.8% | -4.1% | ||
| Q3 25 | 25.3% | 0.0% | ||
| Q2 25 | 23.2% | 0.1% | ||
| Q1 25 | 29.2% | 1.2% | ||
| Q4 24 | 25.0% | 19.0% | ||
| Q3 24 | 25.6% | 4.2% | ||
| Q2 24 | 22.8% | 5.0% | ||
| Q1 24 | 29.4% | 4.7% |
| Q4 25 | 19.8% | -3.2% | ||
| Q3 25 | 19.6% | -1.9% | ||
| Q2 25 | 17.8% | -0.8% | ||
| Q1 25 | 22.5% | 0.0% | ||
| Q4 24 | 19.1% | 13.2% | ||
| Q3 24 | 19.8% | 2.2% | ||
| Q2 24 | 17.4% | 2.3% | ||
| Q1 24 | 22.6% | 2.0% |
| Q4 25 | $2.62 | $-0.22 | ||
| Q3 25 | $2.49 | $-0.13 | ||
| Q2 25 | $2.23 | $-0.05 | ||
| Q1 25 | $3.06 | $0.00 | ||
| Q4 24 | $2.35 | $0.76 | ||
| Q3 24 | $2.34 | $0.14 | ||
| Q2 24 | $2.01 | $0.18 | ||
| Q1 24 | $2.88 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $240.7M |
| Total Assets | $84.6B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $1.5M | ||
| Q3 25 | $7.9B | $1.2M | ||
| Q2 25 | $7.8B | $206.0K | ||
| Q1 25 | $2.7B | $183.0K | ||
| Q4 24 | $2.2B | $206.0K | ||
| Q3 24 | $7.3B | $178.0K | ||
| Q2 24 | $3.3B | $314.0K | ||
| Q1 24 | $3.3B | $314.0K |
| Q4 25 | $6.4B | $240.7M | ||
| Q3 25 | $6.4B | $244.8M | ||
| Q2 25 | $6.2B | $246.8M | ||
| Q1 25 | $5.9B | $250.0M | ||
| Q4 24 | $5.1B | $251.8M | ||
| Q3 24 | $5.3B | $238.4M | ||
| Q2 24 | $4.5B | $238.1M | ||
| Q1 24 | $4.6B | $234.0M |
| Q4 25 | $84.6B | $563.6M | ||
| Q3 25 | $54.3B | $585.6M | ||
| Q2 25 | $53.4B | $433.7M | ||
| Q1 25 | $56.4B | $447.7M | ||
| Q4 24 | $64.1B | $445.6M | ||
| Q3 24 | $49.5B | $466.0M | ||
| Q2 24 | $54.4B | $488.2M | ||
| Q1 24 | $64.2B | $499.9M |
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 | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 1.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $13.4M | ||
| Q3 25 | $642.3M | $1.9M | ||
| Q2 25 | $1.4B | $15.0M | ||
| Q1 25 | $1.5B | $8.3M | ||
| Q4 24 | $1.2B | $38.0M | ||
| Q3 24 | $824.4M | $17.9M | ||
| Q2 24 | $1.3B | $23.3M | ||
| Q1 24 | $1.5B | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | 416.65× | ||
| Q4 24 | 1.19× | 2.38× | ||
| Q3 24 | 0.86× | 6.03× | ||
| Q2 24 | 1.57× | 6.15× | ||
| Q1 24 | 1.26× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
