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Side-by-side financial comparison of Automatic Data Processing (ADP) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.9B vs $2.7B, roughly 2.2× Molson Coors Beverage Company). Automatic Data Processing runs the higher net margin — 22.9% vs 5.5%, a 17.4% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (7.0% vs 2.0%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (11.6% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
ADP vs TAP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $2.7B |
| Net Profit | $1.4B | $150.1M |
| Gross Margin | — | 33.0% |
| Operating Margin | — | — |
| Net Margin | 22.9% | 5.5% |
| Revenue YoY | 7.0% | 2.0% |
| Net Profit YoY | 8.4% | 25.0% |
| EPS (diluted) | $3.38 | $0.80 |
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 | $2.7B | ||
| Q4 25 | $5.4B | $3.1B | ||
| Q3 25 | $5.2B | $3.5B | ||
| Q2 25 | $5.1B | $3.7B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $5.0B | $3.2B | ||
| Q3 24 | $4.8B | $3.6B | ||
| Q2 24 | $4.8B | $3.8B |
| Q1 26 | $1.4B | $150.1M | ||
| Q4 25 | $1.1B | $238.3M | ||
| Q3 25 | $1.0B | $-2.9B | ||
| Q2 25 | $910.7M | $428.7M | ||
| Q1 25 | $1.2B | $121.0M | ||
| Q4 24 | $963.2M | $287.8M | ||
| Q3 24 | $956.3M | $199.8M | ||
| Q2 24 | $829.3M | $427.0M |
| Q1 26 | — | 33.0% | ||
| Q4 25 | 46.1% | 31.0% | ||
| Q3 25 | 45.2% | 33.7% | ||
| Q2 25 | 45.1% | 34.3% | ||
| Q1 25 | 47.7% | 31.6% | ||
| Q4 24 | 45.7% | 32.0% | ||
| Q3 24 | 45.5% | 33.4% | ||
| Q2 24 | 44.8% | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 10.4% | ||
| Q3 25 | 25.3% | -98.5% | ||
| Q2 25 | 23.2% | 15.6% | ||
| Q1 25 | 29.2% | 6.9% | ||
| Q4 24 | 25.0% | 12.0% | ||
| Q3 24 | 25.6% | 12.5% | ||
| Q2 24 | 22.8% | 15.6% |
| Q1 26 | 22.9% | 5.5% | ||
| Q4 25 | 19.8% | 7.6% | ||
| Q3 25 | 19.6% | -84.0% | ||
| Q2 25 | 17.8% | 11.5% | ||
| Q1 25 | 22.5% | 4.5% | ||
| Q4 24 | 19.1% | 8.9% | ||
| Q3 24 | 19.8% | 5.5% | ||
| Q2 24 | 17.4% | 11.1% |
| Q1 26 | $3.38 | $0.80 | ||
| Q4 25 | $2.62 | $1.32 | ||
| Q3 25 | $2.49 | $-14.79 | ||
| Q2 25 | $2.23 | $2.13 | ||
| Q1 25 | $3.06 | $0.59 | ||
| Q4 24 | $2.35 | $1.39 | ||
| Q3 24 | $2.34 | $0.96 | ||
| Q2 24 | $2.01 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | $4.0B | $3.8B |
| Stockholders' EquityBook value | $6.4B | $10.3B |
| Total Assets | $64.5B | $22.4B |
| Debt / EquityLower = less leverage | 0.63× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | $382.6M | ||
| Q4 25 | $2.5B | $896.5M | ||
| Q3 25 | $7.9B | $950.2M | ||
| Q2 25 | $7.8B | $613.8M | ||
| Q1 25 | $2.7B | $412.7M | ||
| Q4 24 | $2.2B | $969.3M | ||
| Q3 24 | $7.3B | $1.0B | ||
| Q2 24 | $3.3B | $1.6B |
| Q1 26 | $4.0B | $3.8B | ||
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | $6.4B | $10.3B | ||
| Q4 25 | $6.4B | $10.2B | ||
| Q3 25 | $6.4B | $10.3B | ||
| Q2 25 | $6.2B | $13.4B | ||
| Q1 25 | $5.9B | $13.1B | ||
| Q4 24 | $5.1B | $13.1B | ||
| Q3 24 | $5.3B | $13.3B | ||
| Q2 24 | $4.5B | $13.2B |
| Q1 26 | $64.5B | $22.4B | ||
| Q4 25 | $84.6B | $22.7B | ||
| Q3 25 | $54.3B | $22.9B | ||
| Q2 25 | $53.4B | $26.8B | ||
| Q1 25 | $56.4B | $25.9B | ||
| Q4 24 | $64.1B | $26.1B | ||
| Q3 24 | $49.5B | $26.6B | ||
| Q2 24 | $54.4B | $27.4B |
| Q1 26 | 0.63× | 0.38× | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $-212.9M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | 2.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $540.7M | ||
| Q3 25 | $642.3M | $616.1M | ||
| Q2 25 | $1.4B | $718.3M | ||
| Q1 25 | $1.5B | $-90.7M | ||
| Q4 24 | $1.2B | $494.5M | ||
| Q3 24 | $824.4M | $521.2M | ||
| Q2 24 | $1.3B | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | — | $357.8M | ||
| Q3 25 | — | $483.0M | ||
| Q2 25 | — | $555.0M | ||
| Q1 25 | — | $-328.0M | ||
| Q4 24 | — | $383.4M | ||
| Q3 24 | — | $350.4M | ||
| Q2 24 | — | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | -12.2% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 18.0% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 2.27× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | 1.68× | ||
| Q1 25 | 1.22× | -0.75× | ||
| Q4 24 | 1.19× | 1.72× | ||
| Q3 24 | 0.86× | 2.61× | ||
| Q2 24 | 1.57× | 2.04× |
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% |
TAP
Segment breakdown not available.
