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Side-by-side financial comparison of Andersons, Inc. (ANDE) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $329.5M, roughly 1.2× Andersons, Inc.). Andersons, Inc. runs the higher net margin — 20.5% vs 13.0%, a 7.5% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -2.4%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $-77.1M). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% CAGR vs -1.8%).
The Andersons, Inc. is an American agribusiness established in 1947, that began as Andersons Truck Terminal (ATT) in the 1940s for the grain industry, headquartered in Maumee, Ohio. It is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
ANDE vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $329.5M | $387.0M |
| Net Profit | $67.4M | $50.2M |
| Gross Margin | 70.3% | 72.9% |
| Operating Margin | 26.6% | 18.2% |
| Net Margin | 20.5% | 13.0% |
| Revenue YoY | -2.4% | 11.3% |
| Net Profit YoY | 49.6% | 34.0% |
| EPS (diluted) | — | $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 | $329.5M | $387.0M | ||
| Q3 25 | $295.8M | $378.9M | ||
| Q2 25 | $535.0M | $369.9M | ||
| Q1 25 | $370.8M | $421.1M | ||
| Q4 24 | $337.5M | $347.7M | ||
| Q3 24 | $231.9M | $333.1M | ||
| Q2 24 | $492.5M | $324.7M | ||
| Q1 24 | $341.4M | $366.8M |
| Q4 25 | $67.4M | $50.2M | ||
| Q3 25 | $20.1M | $48.0M | ||
| Q2 25 | $7.9M | $48.6M | ||
| Q1 25 | $284.0K | $91.5M | ||
| Q4 24 | $45.1M | $37.5M | ||
| Q3 24 | $27.4M | $49.6M | ||
| Q2 24 | $36.0M | $48.8M | ||
| Q1 24 | $5.6M | $85.3M |
| Q4 25 | 70.3% | 72.9% | ||
| Q3 25 | 57.8% | 73.9% | ||
| Q2 25 | 29.6% | 73.5% | ||
| Q1 25 | 41.2% | 77.1% | ||
| Q4 24 | 63.1% | 72.6% | ||
| Q3 24 | 76.4% | 74.4% | ||
| Q2 24 | 35.6% | 74.0% | ||
| Q1 24 | 37.6% | 77.8% |
| Q4 25 | 26.6% | 18.2% | ||
| Q3 25 | 8.7% | 19.6% | ||
| Q2 25 | 4.6% | 17.9% | ||
| Q1 25 | 0.9% | 30.2% | ||
| Q4 24 | 19.9% | 13.4% | ||
| Q3 24 | 26.8% | 19.3% | ||
| Q2 24 | 11.6% | 19.4% | ||
| Q1 24 | 4.1% | 29.0% |
| Q4 25 | 20.5% | 13.0% | ||
| Q3 25 | 6.8% | 12.7% | ||
| Q2 25 | 1.5% | 13.1% | ||
| Q1 25 | 0.1% | 21.7% | ||
| Q4 24 | 13.4% | 10.8% | ||
| Q3 24 | 11.8% | 14.9% | ||
| Q2 24 | 7.3% | 15.0% | ||
| Q1 24 | 1.6% | 23.3% |
| Q4 25 | — | $0.92 | ||
| Q3 25 | $0.59 | $0.86 | ||
| Q2 25 | $0.23 | $0.87 | ||
| Q1 25 | $0.01 | $1.61 | ||
| Q4 24 | $1.31 | $0.66 | ||
| Q3 24 | $0.80 | $0.88 | ||
| Q2 24 | $1.05 | $0.85 | ||
| Q1 24 | $0.16 | $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 | $98.3M | $162.5M |
| Total DebtLower is stronger | $560.0M | $81.3M |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $3.7B | $7.0B |
| Debt / EquityLower = less leverage | 0.45× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $162.5M | ||
| Q3 25 | — | $165.2M | ||
| Q2 25 | — | $398.1M | ||
| Q1 25 | — | $477.8M | ||
| Q4 24 | $561.8M | $482.4M | ||
| Q3 24 | — | $778.5M | ||
| Q2 24 | — | $401.8M | ||
| Q1 24 | — | $492.7M |
| Q4 25 | $560.0M | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | $608.2M | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | $3.7B | $7.0B | ||
| Q3 25 | $3.3B | $4.2B | ||
| Q2 25 | $3.4B | $4.4B | ||
| Q1 25 | $3.8B | $5.2B | ||
| Q4 24 | $4.1B | $5.3B | ||
| Q3 24 | $3.4B | $4.0B | ||
| Q2 24 | $3.3B | $4.2B | ||
| Q1 24 | $3.3B | $5.0B |
| Q4 25 | 0.45× | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 0.45× | 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 | $-6.2M | $117.0M |
| Free Cash FlowOCF − Capex | $-77.1M | $113.6M |
| FCF MarginFCF / Revenue | -23.4% | 29.4% |
| Capex IntensityCapex / Revenue | 21.5% | 0.9% |
| Cash ConversionOCF / Net Profit | -0.09× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-56.1M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.2M | $117.0M | ||
| Q3 25 | $233.9M | $86.5M | ||
| Q2 25 | $299.3M | $86.6M | ||
| Q1 25 | $-350.0M | $186.0M | ||
| Q4 24 | $268.8M | $54.2M | ||
| Q3 24 | $-2.1M | $91.5M | ||
| Q2 24 | $304.4M | $79.9M | ||
| Q1 24 | $-239.6M | $167.5M |
| Q4 25 | $-77.1M | $113.6M | ||
| Q3 25 | $167.0M | $82.7M | ||
| Q2 25 | $250.5M | $81.1M | ||
| Q1 25 | $-396.6M | $183.7M | ||
| Q4 24 | $212.9M | $51.2M | ||
| Q3 24 | $-40.0M | $89.1M | ||
| Q2 24 | $275.8M | $73.6M | ||
| Q1 24 | $-266.4M | $162.0M |
| Q4 25 | -23.4% | 29.4% | ||
| Q3 25 | 56.5% | 21.8% | ||
| Q2 25 | 46.8% | 21.9% | ||
| Q1 25 | -106.9% | 43.6% | ||
| Q4 24 | 63.1% | 14.7% | ||
| Q3 24 | -17.2% | 26.8% | ||
| Q2 24 | 56.0% | 22.7% | ||
| Q1 24 | -78.0% | 44.2% |
| Q4 25 | 21.5% | 0.9% | ||
| Q3 25 | 22.6% | 1.0% | ||
| Q2 25 | 9.1% | 1.5% | ||
| Q1 25 | 12.6% | 0.5% | ||
| Q4 24 | 16.6% | 0.9% | ||
| Q3 24 | 16.3% | 0.7% | ||
| Q2 24 | 5.8% | 1.9% | ||
| Q1 24 | 7.8% | 1.5% |
| Q4 25 | -0.09× | 2.33× | ||
| Q3 25 | 11.61× | 1.80× | ||
| Q2 25 | 38.10× | 1.78× | ||
| Q1 25 | -1232.46× | 2.03× | ||
| Q4 24 | 5.96× | 1.45× | ||
| Q3 24 | -0.08× | 1.84× | ||
| Q2 24 | 8.46× | 1.64× | ||
| Q1 24 | -42.94× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
