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Side-by-side financial comparison of Automatic Data Processing (ADP) and TECOGEN INC. (TGEN). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $5.3M, roughly 1007.8× TECOGEN INC.). Automatic Data Processing runs the higher net margin — 19.8% vs -75.1%, a 94.9% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -12.5%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (1.0% CAGR vs -7.3%).
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.
ADP vs TGEN — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $5.3M |
| Net Profit | $1.1B | $-4.0M |
| Gross Margin | 46.1% | 36.8% |
| Operating Margin | 25.8% | -77.8% |
| Net Margin | 19.8% | -75.1% |
| Revenue YoY | 6.2% | -12.5% |
| Net Profit YoY | 10.3% | -236.7% |
| EPS (diluted) | $2.62 | $-0.14 |
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 | $5.3M | ||
| Q3 25 | $5.2B | $7.2M | ||
| Q2 25 | $5.1B | $7.3M | ||
| Q1 25 | $5.6B | $7.3M | ||
| Q4 24 | $5.0B | $6.1M | ||
| Q3 24 | $4.8B | $5.6M | ||
| Q2 24 | $4.8B | $4.7M | ||
| Q1 24 | $5.3B | $6.2M |
| Q4 25 | $1.1B | $-4.0M | ||
| Q3 25 | $1.0B | $-2.1M | ||
| Q2 25 | $910.7M | $-1.5M | ||
| Q1 25 | $1.2B | $-659.9K | ||
| Q4 24 | $963.2M | $-1.2M | ||
| Q3 24 | $956.3M | $-930.4K | ||
| Q2 24 | $829.3M | $-1.5M | ||
| Q1 24 | $1.2B | $-1.1M |
| Q4 25 | 46.1% | 36.8% | ||
| Q3 25 | 45.2% | 30.4% | ||
| Q2 25 | 45.1% | 33.8% | ||
| Q1 25 | 47.7% | 44.3% | ||
| Q4 24 | 45.7% | 45.0% | ||
| Q3 24 | 45.5% | 44.1% | ||
| Q2 24 | 44.8% | 44.0% | ||
| Q1 24 | 47.3% | 41.6% |
| Q4 25 | 25.8% | -77.8% | ||
| Q3 25 | 25.3% | -29.2% | ||
| Q2 25 | 23.2% | -19.4% | ||
| Q1 25 | 29.2% | -8.2% | ||
| Q4 24 | 25.0% | -18.7% | ||
| Q3 24 | 25.6% | -15.5% | ||
| Q2 24 | 22.8% | -31.2% | ||
| Q1 24 | 29.4% | -17.0% |
| Q4 25 | 19.8% | -75.1% | ||
| Q3 25 | 19.6% | -29.7% | ||
| Q2 25 | 17.8% | -20.1% | ||
| Q1 25 | 22.5% | -9.1% | ||
| Q4 24 | 19.1% | -19.5% | ||
| Q3 24 | 19.8% | -16.5% | ||
| Q2 24 | 17.4% | -32.5% | ||
| Q1 24 | 22.6% | -17.9% |
| Q4 25 | $2.62 | $-0.14 | ||
| Q3 25 | $2.49 | $-0.07 | ||
| Q2 25 | $2.23 | $-0.06 | ||
| Q1 25 | $3.06 | $-0.03 | ||
| Q4 24 | $2.35 | $-0.05 | ||
| Q3 24 | $2.34 | $-0.04 | ||
| Q2 24 | $2.01 | $-0.06 | ||
| Q1 24 | $2.88 | $-0.04 |
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 | $12.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $21.6M |
| Total Assets | $84.6B | $37.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $12.4M | ||
| Q3 25 | $7.9B | $15.3M | ||
| Q2 25 | $7.8B | $1.6M | ||
| Q1 25 | $2.7B | $4.1M | ||
| Q4 24 | $2.2B | $5.4M | ||
| Q3 24 | $7.3B | $1.3M | ||
| Q2 24 | $3.3B | $841.9K | ||
| Q1 24 | $3.3B | $1.5M |
| Q4 25 | $6.4B | $21.6M | ||
| Q3 25 | $6.4B | $25.5M | ||
| Q2 25 | $6.2B | $9.1M | ||
| Q1 25 | $5.9B | $9.6M | ||
| Q4 24 | $5.1B | $10.2M | ||
| Q3 24 | $5.3B | $11.3M | ||
| Q2 24 | $4.5B | $12.2M | ||
| Q1 24 | $4.6B | $13.7M |
| Q4 25 | $84.6B | $37.0M | ||
| Q3 25 | $54.3B | $41.5M | ||
| Q2 25 | $53.4B | $28.4M | ||
| Q1 25 | $56.4B | $29.7M | ||
| Q4 24 | $64.1B | $31.1M | ||
| Q3 24 | $49.5B | $27.5M | ||
| Q2 24 | $54.4B | $27.2M | ||
| Q1 24 | $64.2B | $28.5M |
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 | $-2.6M |
| Free Cash FlowOCF − Capex | — | $-2.6M |
| FCF MarginFCF / Revenue | — | -49.3% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 1.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $-2.6M | ||
| Q3 25 | $642.3M | $-3.6M | ||
| Q2 25 | $1.4B | $-2.6M | ||
| Q1 25 | $1.5B | $-1.2M | ||
| Q4 24 | $1.2B | $4.2M | ||
| Q3 24 | $824.4M | $-207.3K | ||
| Q2 24 | $1.3B | $-157.9K | ||
| Q1 24 | $1.5B | $248.2K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-3.6M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $-489.6K | ||
| Q2 24 | — | $-609.6K | ||
| Q1 24 | — | $143.3K |
| Q4 25 | — | -49.3% | ||
| Q3 25 | — | -50.6% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -17.9% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | — | 2.3% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | — | ||
| 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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
