vs
Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($748.2M vs $387.0M, roughly 1.9× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs -1.0%, a 14.0% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 1.8%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $67.6M). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% CAGR vs -4.5%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
AMN vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $387.0M |
| Net Profit | $-7.7M | $50.2M |
| Gross Margin | 26.1% | 72.9% |
| Operating Margin | 1.1% | 18.2% |
| Net Margin | -1.0% | 13.0% |
| Revenue YoY | 1.8% | 11.3% |
| Net Profit YoY | 95.9% | 34.0% |
| EPS (diluted) | $-0.19 | $0.92 |
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 | $748.2M | $387.0M | ||
| Q3 25 | $634.5M | $378.9M | ||
| Q2 25 | $658.2M | $369.9M | ||
| Q1 25 | $689.5M | $421.1M | ||
| Q4 24 | $734.7M | $347.7M | ||
| Q3 24 | $687.5M | $333.1M | ||
| Q2 24 | $740.7M | $324.7M | ||
| Q1 24 | $820.9M | $366.8M |
| Q4 25 | $-7.7M | $50.2M | ||
| Q3 25 | $29.3M | $48.0M | ||
| Q2 25 | $-116.2M | $48.6M | ||
| Q1 25 | $-1.1M | $91.5M | ||
| Q4 24 | $-187.5M | $37.5M | ||
| Q3 24 | $7.0M | $49.6M | ||
| Q2 24 | $16.2M | $48.8M | ||
| Q1 24 | $17.3M | $85.3M |
| Q4 25 | 26.1% | 72.9% | ||
| Q3 25 | 29.1% | 73.9% | ||
| Q2 25 | 29.8% | 73.5% | ||
| Q1 25 | 28.7% | 77.1% | ||
| Q4 24 | 29.8% | 72.6% | ||
| Q3 24 | 31.0% | 74.4% | ||
| Q2 24 | 31.0% | 74.0% | ||
| Q1 24 | 31.4% | 77.8% |
| Q4 25 | 1.1% | 18.2% | ||
| Q3 25 | 7.5% | 19.6% | ||
| Q2 25 | -18.8% | 17.9% | ||
| Q1 25 | 1.8% | 30.2% | ||
| Q4 24 | -27.6% | 13.4% | ||
| Q3 24 | 3.2% | 19.3% | ||
| Q2 24 | 5.1% | 19.4% | ||
| Q1 24 | 4.9% | 29.0% |
| Q4 25 | -1.0% | 13.0% | ||
| Q3 25 | 4.6% | 12.7% | ||
| Q2 25 | -17.7% | 13.1% | ||
| Q1 25 | -0.2% | 21.7% | ||
| Q4 24 | -25.5% | 10.8% | ||
| Q3 24 | 1.0% | 14.9% | ||
| Q2 24 | 2.2% | 15.0% | ||
| Q1 24 | 2.1% | 23.3% |
| Q4 25 | $-0.19 | $0.92 | ||
| Q3 25 | $0.76 | $0.86 | ||
| Q2 25 | $-3.02 | $0.87 | ||
| Q1 25 | $-0.03 | $1.61 | ||
| Q4 24 | $-4.90 | $0.66 | ||
| Q3 24 | $0.18 | $0.88 | ||
| Q2 24 | $0.42 | $0.85 | ||
| Q1 24 | $0.45 | $1.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $162.5M |
| Total DebtLower is stronger | $767.1M | $81.3M |
| Stockholders' EquityBook value | $642.1M | $1.1B |
| Total Assets | $2.1B | $7.0B |
| Debt / EquityLower = less leverage | 1.19× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $162.5M | ||
| Q3 25 | $52.6M | $165.2M | ||
| Q2 25 | $41.5M | $398.1M | ||
| Q1 25 | $55.8M | $477.8M | ||
| Q4 24 | $10.6M | $482.4M | ||
| Q3 24 | $30.6M | $778.5M | ||
| Q2 24 | $48.0M | $401.8M | ||
| Q1 24 | $50.6M | $492.7M |
| Q4 25 | $767.1M | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | $1.1B | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $642.1M | $1.1B | ||
| Q3 25 | $644.4M | $1.1B | ||
| Q2 25 | $607.6M | $1.2B | ||
| Q1 25 | $715.1M | $1.2B | ||
| Q4 24 | $706.6M | $1.2B | ||
| Q3 24 | $890.7M | $1.1B | ||
| Q2 24 | $876.9M | $1.0B | ||
| Q1 24 | $854.2M | $1.1B |
| Q4 25 | $2.1B | $7.0B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | $2.2B | $4.4B | ||
| Q1 25 | $2.4B | $5.2B | ||
| Q4 24 | $2.4B | $5.3B | ||
| Q3 24 | $2.7B | $4.0B | ||
| Q2 24 | $2.8B | $4.2B | ||
| Q1 24 | $2.9B | $5.0B |
| Q4 25 | 1.19× | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.49× | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | — |
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 | $75.6M | $117.0M |
| Free Cash FlowOCF − Capex | $67.6M | $113.6M |
| FCF MarginFCF / Revenue | 9.0% | 29.4% |
| Capex IntensityCapex / Revenue | 1.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $117.0M | ||
| Q3 25 | $22.7M | $86.5M | ||
| Q2 25 | $78.5M | $86.6M | ||
| Q1 25 | $92.7M | $186.0M | ||
| Q4 24 | $72.8M | $54.2M | ||
| Q3 24 | $66.7M | $91.5M | ||
| Q2 24 | $99.5M | $79.9M | ||
| Q1 24 | $81.4M | $167.5M |
| Q4 25 | $67.6M | $113.6M | ||
| Q3 25 | $14.8M | $82.7M | ||
| Q2 25 | $68.7M | $81.1M | ||
| Q1 25 | $82.7M | $183.7M | ||
| Q4 24 | $56.6M | $51.2M | ||
| Q3 24 | $47.4M | $89.1M | ||
| Q2 24 | $72.2M | $73.6M | ||
| Q1 24 | $63.2M | $162.0M |
| Q4 25 | 9.0% | 29.4% | ||
| Q3 25 | 2.3% | 21.8% | ||
| Q2 25 | 10.4% | 21.9% | ||
| Q1 25 | 12.0% | 43.6% | ||
| Q4 24 | 7.7% | 14.7% | ||
| Q3 24 | 6.9% | 26.8% | ||
| Q2 24 | 9.8% | 22.7% | ||
| Q1 24 | 7.7% | 44.2% |
| Q4 25 | 1.1% | 0.9% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 1.4% | 0.5% | ||
| Q4 24 | 2.2% | 0.9% | ||
| Q3 24 | 2.8% | 0.7% | ||
| Q2 24 | 3.7% | 1.9% | ||
| Q1 24 | 2.2% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 0.77× | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 9.54× | 1.84× | ||
| Q2 24 | 6.13× | 1.64× | ||
| Q1 24 | 4.70× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
