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Side-by-side financial comparison of Automatic Data Processing (ADP) and V F CORP (VFC). Click either name above to swap in a different company.
Automatic Data Processing is the larger business by last-quarter revenue ($5.9B vs $2.9B, roughly 2.1× V F CORP). Automatic Data Processing runs the higher net margin — 22.9% vs 10.5%, a 12.4% gap on every dollar of revenue. On growth, Automatic Data Processing posted the faster year-over-year revenue change (7.0% vs 1.5%). Over the past eight quarters, Automatic Data Processing's revenue compounded faster (11.6% CAGR vs 10.1%).
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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
ADP vs VFC — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.9B | $2.9B |
| Net Profit | $1.4B | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | — | 10.1% |
| Net Margin | 22.9% | 10.5% |
| Revenue YoY | 7.0% | 1.5% |
| Net Profit YoY | 8.4% | 79.3% |
| EPS (diluted) | $10.01 | $0.76 |
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 | — | ||
| Q4 25 | $5.4B | $2.9B | ||
| Q3 25 | $5.2B | $2.8B | ||
| Q2 25 | $5.1B | $1.8B | ||
| Q1 25 | $5.6B | $2.0B | ||
| Q4 24 | $5.0B | $2.8B | ||
| Q3 24 | $4.8B | $2.8B | ||
| Q2 24 | $4.8B | $1.9B |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.1B | $300.8M | ||
| Q3 25 | $1.0B | $189.8M | ||
| Q2 25 | $910.7M | $-116.4M | ||
| Q1 25 | $1.2B | $-150.8M | ||
| Q4 24 | $963.2M | $167.8M | ||
| Q3 24 | $956.3M | $52.2M | ||
| Q2 24 | $829.3M | $-258.9M |
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | 56.6% | ||
| Q3 25 | 45.2% | 52.2% | ||
| Q2 25 | 45.1% | 53.9% | ||
| Q1 25 | 47.7% | 52.7% | ||
| Q4 24 | 45.7% | 56.3% | ||
| Q3 24 | 45.5% | 52.2% | ||
| Q2 24 | 44.8% | 52.0% |
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 10.1% | ||
| Q3 25 | 25.3% | 11.2% | ||
| Q2 25 | 23.2% | -4.9% | ||
| Q1 25 | 29.2% | 2.2% | ||
| Q4 24 | 25.0% | 8.0% | ||
| Q3 24 | 25.6% | 9.9% | ||
| Q2 24 | 22.8% | -12.6% |
| Q1 26 | 22.9% | — | ||
| Q4 25 | 19.8% | 10.5% | ||
| Q3 25 | 19.6% | 6.8% | ||
| Q2 25 | 17.8% | -6.6% | ||
| Q1 25 | 22.5% | -7.5% | ||
| Q4 24 | 19.1% | 5.9% | ||
| Q3 24 | 19.8% | 1.9% | ||
| Q2 24 | 17.4% | -13.6% |
| Q1 26 | $10.01 | — | ||
| Q4 25 | $2.62 | $0.76 | ||
| Q3 25 | $2.49 | $0.48 | ||
| Q2 25 | $2.23 | $-0.30 | ||
| Q1 25 | $3.06 | $-0.37 | ||
| Q4 24 | $2.35 | $0.43 | ||
| Q3 24 | $2.34 | $0.13 | ||
| Q2 24 | $2.01 | $-0.67 |
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 | $1.5B |
| Total DebtLower is stronger | $4.0B | $3.6B |
| Stockholders' EquityBook value | $6.4B | $1.8B |
| Total Assets | $64.5B | $10.4B |
| Debt / EquityLower = less leverage | 0.63× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $7.9B | $419.1M | ||
| Q2 25 | $7.8B | $642.4M | ||
| Q1 25 | $2.7B | $429.4M | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $7.3B | $492.2M | ||
| Q2 24 | $3.3B | $637.4M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | $1.8B | ||
| Q3 25 | $6.4B | $1.5B | ||
| Q2 25 | $6.2B | $1.3B | ||
| Q1 25 | $5.9B | $1.5B | ||
| Q4 24 | $5.1B | $1.7B | ||
| Q3 24 | $5.3B | $1.4B | ||
| Q2 24 | $4.5B | $1.4B |
| Q1 26 | $64.5B | — | ||
| Q4 25 | $84.6B | $10.4B | ||
| Q3 25 | $54.3B | $10.6B | ||
| Q2 25 | $53.4B | $10.2B | ||
| Q1 25 | $56.4B | $9.4B | ||
| Q4 24 | $64.1B | $10.6B | ||
| Q3 24 | $49.5B | $12.2B | ||
| Q2 24 | $54.4B | $11.5B |
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× |
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 | — | $1.0B |
| Free Cash FlowOCF − Capex | — | $977.9M |
| FCF MarginFCF / Revenue | — | 34.0% |
| Capex IntensityCapex / Revenue | 2.1% | 1.1% |
| Cash ConversionOCF / Net Profit | — | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.0B | ||
| Q3 25 | $642.3M | $-227.0M | ||
| Q2 25 | $1.4B | $-145.5M | ||
| Q1 25 | $1.5B | $-171.1M | ||
| Q4 24 | $1.2B | $918.1M | ||
| Q3 24 | $824.4M | $-301.6M | ||
| Q2 24 | $1.3B | $19.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | — | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | — | $-5.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -0.3% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 3.36× | ||
| Q3 25 | 0.63× | -1.20× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | 5.47× | ||
| Q3 24 | 0.86× | -5.78× | ||
| Q2 24 | 1.57× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
