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Side-by-side financial comparison of Automatic Data Processing (ADP) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $232.1M, roughly 23.1× RADIANT LOGISTICS, INC). Automatic Data Processing runs the higher net margin — 19.8% vs 2.3%, a 17.5% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -12.3%). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
ADP vs RLGT — Head-to-Head
Income Statement — Q2 2026 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $232.1M |
| Net Profit | $1.1B | $5.3M |
| Gross Margin | 46.1% | — |
| Operating Margin | 25.8% | 3.2% |
| Net Margin | 19.8% | 2.3% |
| Revenue YoY | 6.2% | -12.3% |
| Net Profit YoY | 10.3% | -18.0% |
| 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 | $232.1M | ||
| Q3 25 | $5.2B | $226.7M | ||
| Q2 25 | $5.1B | $220.6M | ||
| Q1 25 | $5.6B | $214.0M | ||
| Q4 24 | $5.0B | $264.5M | ||
| Q3 24 | $4.8B | $203.6M | ||
| Q2 24 | $4.8B | $206.0M | ||
| Q1 24 | $5.3B | $184.6M |
| Q4 25 | $1.1B | $5.3M | ||
| Q3 25 | $1.0B | $1.3M | ||
| Q2 25 | $910.7M | $4.9M | ||
| Q1 25 | $1.2B | $2.5M | ||
| Q4 24 | $963.2M | $6.5M | ||
| Q3 24 | $956.3M | $3.4M | ||
| Q2 24 | $829.3M | $4.8M | ||
| Q1 24 | $1.2B | $-703.0K |
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 47.3% | — |
| Q4 25 | 25.8% | 3.2% | ||
| Q3 25 | 25.3% | 0.9% | ||
| Q2 25 | 23.2% | 2.4% | ||
| Q1 25 | 29.2% | 1.6% | ||
| Q4 24 | 25.0% | 3.3% | ||
| Q3 24 | 25.6% | 1.9% | ||
| Q2 24 | 22.8% | 2.4% | ||
| Q1 24 | 29.4% | -0.5% |
| Q4 25 | 19.8% | 2.3% | ||
| Q3 25 | 19.6% | 0.6% | ||
| Q2 25 | 17.8% | 2.2% | ||
| Q1 25 | 22.5% | 1.2% | ||
| Q4 24 | 19.1% | 2.4% | ||
| Q3 24 | 19.8% | 1.7% | ||
| Q2 24 | 17.4% | 2.3% | ||
| Q1 24 | 22.6% | -0.4% |
| Q4 25 | $2.62 | $0.11 | ||
| Q3 25 | $2.49 | $0.03 | ||
| Q2 25 | $2.23 | $0.10 | ||
| Q1 25 | $3.06 | $0.05 | ||
| Q4 24 | $2.35 | $0.13 | ||
| Q3 24 | $2.34 | $0.07 | ||
| Q2 24 | $2.01 | $0.11 | ||
| Q1 24 | $2.88 | $-0.02 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $229.8M |
| Total Assets | $84.6B | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $31.9M | ||
| Q3 25 | $7.9B | $28.1M | ||
| Q2 25 | $7.8B | $22.9M | ||
| Q1 25 | $2.7B | $19.0M | ||
| Q4 24 | $2.2B | $19.9M | ||
| Q3 24 | $7.3B | $10.4M | ||
| Q2 24 | $3.3B | $24.9M | ||
| Q1 24 | $3.3B | $31.2M |
| Q4 25 | $6.4B | $229.8M | ||
| Q3 25 | $6.4B | $225.7M | ||
| Q2 25 | $6.2B | $226.0M | ||
| Q1 25 | $5.9B | $218.2M | ||
| Q4 24 | $5.1B | $214.4M | ||
| Q3 24 | $5.3B | $212.4M | ||
| Q2 24 | $4.5B | $209.4M | ||
| Q1 24 | $4.6B | $206.0M |
| Q4 25 | $84.6B | $439.4M | ||
| Q3 25 | $54.3B | $445.3M | ||
| Q2 25 | $53.4B | $426.8M | ||
| Q1 25 | $56.4B | $414.5M | ||
| Q4 24 | $64.1B | $386.8M | ||
| Q3 24 | $49.5B | $375.3M | ||
| Q2 24 | $54.4B | $371.2M | ||
| Q1 24 | $64.2B | $364.0M |
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 | $12.4M |
| Free Cash FlowOCF − Capex | — | $11.6M |
| FCF MarginFCF / Revenue | — | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 1.07× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $12.4M | ||
| Q3 25 | $642.3M | $2.5M | ||
| Q2 25 | $1.4B | $3.1M | ||
| Q1 25 | $1.5B | $-5.7M | ||
| Q4 24 | $1.2B | $15.7M | ||
| Q3 24 | $824.4M | $205.0K | ||
| Q2 24 | $1.3B | $1.3M | ||
| Q1 24 | $1.5B | $3.9M |
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K | ||
| Q1 24 | — | $1.8M |
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 1.07× | 2.33× | ||
| Q3 25 | 0.63× | 1.90× | ||
| Q2 25 | 1.58× | 0.63× | ||
| Q1 25 | 1.22× | -2.26× | ||
| Q4 24 | 1.19× | 2.43× | ||
| Q3 24 | 0.86× | 0.06× | ||
| Q2 24 | 1.57× | 0.26× | ||
| 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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
