vs
Side-by-side financial comparison of Automatic Data Processing (ADP) and PulteGroup (PHM). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $3.4B, roughly 1.6× PulteGroup). Automatic Data Processing runs the higher net margin — 19.8% vs 10.2%, a 9.6% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -12.4%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (1.0% CAGR vs -13.9%).
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.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
ADP vs PHM — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $3.4B |
| Net Profit | $1.1B | $347.0M |
| Gross Margin | 46.1% | — |
| Operating Margin | 25.8% | — |
| Net Margin | 19.8% | 10.2% |
| Revenue YoY | 6.2% | -12.4% |
| Net Profit YoY | 10.3% | -33.6% |
| 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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.4B | $4.6B | ||
| Q3 25 | $5.2B | $4.4B | ||
| Q2 25 | $5.1B | $4.4B | ||
| Q1 25 | $5.6B | $3.9B | ||
| Q4 24 | $5.0B | $4.9B | ||
| Q3 24 | $4.8B | $4.5B | ||
| Q2 24 | $4.8B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $1.1B | $501.6M | ||
| Q3 25 | $1.0B | $585.8M | ||
| Q2 25 | $910.7M | $608.5M | ||
| Q1 25 | $1.2B | $522.8M | ||
| Q4 24 | $963.2M | $913.2M | ||
| Q3 24 | $956.3M | $697.9M | ||
| Q2 24 | $829.3M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 27.8% | ||
| Q2 25 | 45.1% | 28.6% | ||
| Q1 25 | 47.7% | 28.8% | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | 30.4% | ||
| Q2 24 | 44.8% | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 29.2% | — | ||
| Q4 24 | 25.0% | — | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 22.8% | — |
| Q1 26 | — | 10.2% | ||
| Q4 25 | 19.8% | 10.9% | ||
| Q3 25 | 19.6% | 13.3% | ||
| Q2 25 | 17.8% | 13.8% | ||
| Q1 25 | 22.5% | 13.4% | ||
| Q4 24 | 19.1% | 18.6% | ||
| Q3 24 | 19.8% | 15.6% | ||
| Q2 24 | 17.4% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $2.62 | $2.56 | ||
| Q3 25 | $2.49 | $2.96 | ||
| Q2 25 | $2.23 | $3.03 | ||
| Q1 25 | $3.06 | $2.57 | ||
| Q4 24 | $2.35 | $4.41 | ||
| Q3 24 | $2.34 | $3.35 | ||
| Q2 24 | $2.01 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $13.0B |
| Total Assets | $84.6B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.5B | $2.0B | ||
| Q3 25 | $7.9B | $1.5B | ||
| Q2 25 | $7.8B | $1.2B | ||
| Q1 25 | $2.7B | $1.2B | ||
| Q4 24 | $2.2B | $1.6B | ||
| Q3 24 | $7.3B | $1.4B | ||
| Q2 24 | $3.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | $43.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $31.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $6.4B | $13.0B | ||
| Q3 25 | $6.4B | $12.8B | ||
| Q2 25 | $6.2B | $12.6B | ||
| Q1 25 | $5.9B | $12.3B | ||
| Q4 24 | $5.1B | $12.1B | ||
| Q3 24 | $5.3B | $11.6B | ||
| Q2 24 | $4.5B | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $84.6B | $18.0B | ||
| Q3 25 | $54.3B | $17.9B | ||
| Q2 25 | $53.4B | $17.6B | ||
| Q1 25 | $56.4B | $17.3B | ||
| Q4 24 | $64.1B | $17.4B | ||
| Q3 24 | $49.5B | $17.0B | ||
| Q2 24 | $54.4B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $159.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 1.07× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $1.1B | $771.1M | ||
| Q3 25 | $642.3M | $678.4M | ||
| Q2 25 | $1.4B | $287.5M | ||
| Q1 25 | $1.5B | $134.2M | ||
| Q4 24 | $1.2B | $567.6M | ||
| Q3 24 | $824.4M | $455.9M | ||
| Q2 24 | $1.3B | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $739.8M | ||
| Q3 25 | — | $651.1M | ||
| Q2 25 | — | $253.0M | ||
| Q1 25 | — | $104.6M | ||
| Q4 24 | — | $543.1M | ||
| Q3 24 | — | $417.2M | ||
| Q2 24 | — | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 16.0% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 1.07× | 1.54× | ||
| Q3 25 | 0.63× | 1.16× | ||
| Q2 25 | 1.58× | 0.47× | ||
| Q1 25 | 1.22× | 0.26× | ||
| Q4 24 | 1.19× | 0.62× | ||
| Q3 24 | 0.86× | 0.65× | ||
| Q2 24 | 1.57× | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
