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Side-by-side financial comparison of Automatic Data Processing (ADP) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.9B vs $4.5B, roughly 1.3× Royal Caribbean Group). Automatic Data Processing runs the higher net margin — 22.9% vs 21.3%, a 1.6% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 7.0%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (11.6% CAGR vs 4.1%).
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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
ADP vs RCL — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $4.5B |
| Net Profit | $1.4B | $950.0M |
| Gross Margin | — | — |
| Operating Margin | — | 26.1% |
| Net Margin | 22.9% | 21.3% |
| Revenue YoY | 7.0% | 11.3% |
| Net Profit YoY | 8.4% | 29.1% |
| EPS (diluted) | $3.38 | $3.48 |
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 | $5.9B | $4.5B | ||
| Q4 25 | $5.4B | $4.3B | ||
| Q3 25 | $5.2B | $5.1B | ||
| Q2 25 | $5.1B | $4.5B | ||
| Q1 25 | $5.6B | $4.0B | ||
| Q4 24 | $5.0B | $3.8B | ||
| Q3 24 | $4.8B | $4.9B | ||
| Q2 24 | $4.8B | $4.1B |
| Q1 26 | $1.4B | $950.0M | ||
| Q4 25 | $1.1B | $753.0M | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $910.7M | $1.2B | ||
| Q1 25 | $1.2B | $730.0M | ||
| Q4 24 | $963.2M | $552.0M | ||
| Q3 24 | $956.3M | $1.1B | ||
| Q2 24 | $829.3M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | 47.4% | ||
| Q3 25 | 45.2% | 51.8% | ||
| Q2 25 | 45.1% | 49.7% | ||
| Q1 25 | 47.7% | 48.0% | ||
| Q4 24 | 45.7% | 45.4% | ||
| Q3 24 | 45.5% | 51.1% | ||
| Q2 24 | 44.8% | 47.6% |
| Q1 26 | — | 26.1% | ||
| Q4 25 | 25.8% | 21.9% | ||
| Q3 25 | 25.3% | 33.1% | ||
| Q2 25 | 23.2% | 29.3% | ||
| Q1 25 | 29.2% | 23.6% | ||
| Q4 24 | 25.0% | 16.6% | ||
| Q3 24 | 25.6% | 33.4% | ||
| Q2 24 | 22.8% | 26.7% |
| Q1 26 | 22.9% | 21.3% | ||
| Q4 25 | 19.8% | 17.7% | ||
| Q3 25 | 19.6% | 30.6% | ||
| Q2 25 | 17.8% | 26.7% | ||
| Q1 25 | 22.5% | 18.3% | ||
| Q4 24 | 19.1% | 14.7% | ||
| Q3 24 | 19.8% | 22.7% | ||
| Q2 24 | 17.4% | 20.8% |
| Q1 26 | $3.38 | $3.48 | ||
| Q4 25 | $2.62 | $2.76 | ||
| Q3 25 | $2.49 | $5.74 | ||
| Q2 25 | $2.23 | $4.41 | ||
| Q1 25 | $3.06 | $2.70 | ||
| Q4 24 | $2.35 | $2.27 | ||
| Q3 24 | $2.34 | $4.21 | ||
| Q2 24 | $2.01 | $3.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.2B | $512.0M |
| Total DebtLower is stronger | $4.0B | $21.1B |
| Stockholders' EquityBook value | $6.4B | $10.0B |
| Total Assets | $64.5B | $42.0B |
| Debt / EquityLower = less leverage | 0.63× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | $512.0M | ||
| Q4 25 | $2.5B | $825.0M | ||
| Q3 25 | $7.9B | $432.0M | ||
| Q2 25 | $7.8B | $735.0M | ||
| Q1 25 | $2.7B | $386.0M | ||
| Q4 24 | $2.2B | $388.0M | ||
| Q3 24 | $7.3B | $418.0M | ||
| Q2 24 | $3.3B | $391.0M |
| Q1 26 | $4.0B | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
| Q1 26 | $6.4B | $10.0B | ||
| Q4 25 | $6.4B | $10.0B | ||
| Q3 25 | $6.4B | $10.1B | ||
| Q2 25 | $6.2B | $9.2B | ||
| Q1 25 | $5.9B | $8.0B | ||
| Q4 24 | $5.1B | $7.6B | ||
| Q3 24 | $5.3B | $7.0B | ||
| Q2 24 | $4.5B | $6.0B |
| Q1 26 | $64.5B | $42.0B | ||
| Q4 25 | $84.6B | $41.6B | ||
| Q3 25 | $54.3B | $40.1B | ||
| Q2 25 | $53.4B | $38.5B | ||
| Q1 25 | $56.4B | $37.5B | ||
| Q4 24 | $64.1B | $37.1B | ||
| Q3 24 | $49.5B | $37.1B | ||
| Q2 24 | $54.4B | $37.0B |
| Q1 26 | 0.63× | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× |
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 | — | $1.8B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | — | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $642.3M | $1.5B | ||
| Q2 25 | $1.4B | $1.7B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $824.4M | $897.0M | ||
| Q2 24 | $1.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% |
| Q1 26 | — | 1.93× | ||
| Q4 25 | 1.07× | 2.16× | ||
| Q3 25 | 0.63× | 0.93× | ||
| Q2 25 | 1.58× | 1.44× | ||
| Q1 25 | 1.22× | 2.23× | ||
| Q4 24 | 1.19× | 2.66× | ||
| Q3 24 | 0.86× | 0.81× | ||
| Q2 24 | 1.57× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADP
| Revenues, other than interest on funds held for clients and PEO revenues | $3.6B | 61% |
| PEO revenues (A) (B) (C) | $1.9B | 32% |
| Other | $403.9M | 7% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
