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Side-by-side financial comparison of Automatic Data Processing (ADP) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.4B vs $611.2M, roughly 8.8× TRINITY INDUSTRIES INC). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 19.8%, a 12.0% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (6.2% vs -2.9%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (1.0% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
ADP vs TRN — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.4B | $611.2M |
| Net Profit | $1.1B | $194.2M |
| Gross Margin | 46.1% | 25.5% |
| Operating Margin | 25.8% | 54.9% |
| Net Margin | 19.8% | 31.8% |
| Revenue YoY | 6.2% | -2.9% |
| Net Profit YoY | 10.3% | 413.8% |
| EPS (diluted) | $2.62 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $5.2B | $454.1M | ||
| Q2 25 | $5.1B | $506.2M | ||
| Q1 25 | $5.6B | $585.4M | ||
| Q4 24 | $5.0B | $629.4M | ||
| Q3 24 | $4.8B | $798.8M | ||
| Q2 24 | $4.8B | $841.4M | ||
| Q1 24 | $5.3B | $809.6M |
| Q4 25 | $1.1B | $194.2M | ||
| Q3 25 | $1.0B | $30.3M | ||
| Q2 25 | $910.7M | $14.1M | ||
| Q1 25 | $1.2B | $22.1M | ||
| Q4 24 | $963.2M | $37.8M | ||
| Q3 24 | $956.3M | $31.4M | ||
| Q2 24 | $829.3M | $54.4M | ||
| Q1 24 | $1.2B | $23.7M |
| Q4 25 | 46.1% | 25.5% | ||
| Q3 25 | 45.2% | 31.1% | ||
| Q2 25 | 45.1% | 26.4% | ||
| Q1 25 | 47.7% | 24.3% | ||
| Q4 24 | 45.7% | 24.6% | ||
| Q3 24 | 45.5% | 21.2% | ||
| Q2 24 | 44.8% | 21.3% | ||
| Q1 24 | 47.3% | 20.3% |
| Q4 25 | 25.8% | 54.9% | ||
| Q3 25 | 25.3% | 26.1% | ||
| Q2 25 | 23.2% | 18.8% | ||
| Q1 25 | 29.2% | 17.0% | ||
| Q4 24 | 25.0% | 17.8% | ||
| Q3 24 | 25.6% | 15.3% | ||
| Q2 24 | 22.8% | 16.9% | ||
| Q1 24 | 29.4% | 14.2% |
| Q4 25 | 19.8% | 31.8% | ||
| Q3 25 | 19.6% | 6.7% | ||
| Q2 25 | 17.8% | 2.8% | ||
| Q1 25 | 22.5% | 3.8% | ||
| Q4 24 | 19.1% | 6.0% | ||
| Q3 24 | 19.8% | 3.9% | ||
| Q2 24 | 17.4% | 6.5% | ||
| Q1 24 | 22.6% | 2.9% |
| Q4 25 | $2.62 | $2.25 | ||
| Q3 25 | $2.49 | $0.37 | ||
| Q2 25 | $2.23 | $0.17 | ||
| Q1 25 | $3.06 | $0.26 | ||
| Q4 24 | $2.35 | $0.34 | ||
| Q3 24 | $2.34 | $0.37 | ||
| Q2 24 | $2.01 | $0.65 | ||
| Q1 24 | $2.88 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $6.4B | $1.1B |
| Total Assets | $84.6B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.5B | $201.3M | ||
| Q3 25 | $7.9B | $66.3M | ||
| Q2 25 | $7.8B | $147.7M | ||
| Q1 25 | $2.7B | $94.9M | ||
| Q4 24 | $2.2B | $228.2M | ||
| Q3 24 | $7.3B | $222.4M | ||
| Q2 24 | $3.3B | $257.1M | ||
| Q1 24 | $3.3B | $118.8M |
| Q4 25 | $6.4B | $1.1B | ||
| Q3 25 | $6.4B | $1.0B | ||
| Q2 25 | $6.2B | $1.0B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $5.1B | $1.1B | ||
| Q3 24 | $5.3B | $1.1B | ||
| Q2 24 | $4.5B | $1.1B | ||
| Q1 24 | $4.6B | $1.0B |
| Q4 25 | $84.6B | $8.4B | ||
| Q3 25 | $54.3B | $8.9B | ||
| Q2 25 | $53.4B | $8.8B | ||
| Q1 25 | $56.4B | $8.7B | ||
| Q4 24 | $64.1B | $8.8B | ||
| Q3 24 | $49.5B | $8.8B | ||
| Q2 24 | $54.4B | $9.0B | ||
| Q1 24 | $64.2B | $9.1B |
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 | $177.4M |
| Free Cash FlowOCF − Capex | — | $158.6M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 1.07× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $177.4M | ||
| Q3 25 | $642.3M | $44.2M | ||
| Q2 25 | $1.4B | $61.6M | ||
| Q1 25 | $1.5B | $76.5M | ||
| Q4 24 | $1.2B | $201.6M | ||
| Q3 24 | $824.4M | $78.5M | ||
| Q2 24 | $1.3B | $241.5M | ||
| Q1 24 | $1.5B | $52.2M |
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $52.9M | ||
| Q1 25 | — | $67.3M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | — | $62.1M | ||
| Q2 24 | — | $230.2M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 1.07× | 0.91× | ||
| Q3 25 | 0.63× | 1.46× | ||
| Q2 25 | 1.58× | 4.37× | ||
| Q1 25 | 1.22× | 3.46× | ||
| Q4 24 | 1.19× | 5.33× | ||
| Q3 24 | 0.86× | 2.50× | ||
| Q2 24 | 1.57× | 4.44× | ||
| Q1 24 | 1.26× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
