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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. is the larger business by last-quarter revenue ($733.7M vs $387.0M, roughly 1.9× Paylocity Holding Corp). On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 8.8%). BRIGHT HORIZONS FAMILY SOLUTIONS INC. produced more free cash flow last quarter ($258.5M vs $113.6M). Over the past eight quarters, BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s revenue compounded faster (8.5% CAGR vs 2.7%).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
BFAM vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $387.0M |
| Net Profit | — | $50.2M |
| Gross Margin | 19.3% | 72.9% |
| Operating Margin | 6.2% | 18.2% |
| Net Margin | — | 13.0% |
| Revenue YoY | 8.8% | 11.3% |
| Net Profit YoY | — | 34.0% |
| EPS (diluted) | $0.38 | $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 | $733.7M | $387.0M | ||
| Q3 25 | $802.8M | $378.9M | ||
| Q2 25 | $731.6M | $369.9M | ||
| Q1 25 | $665.5M | $421.1M | ||
| Q4 24 | $674.1M | $347.7M | ||
| Q3 24 | $719.1M | $333.1M | ||
| Q2 24 | $670.1M | $324.7M | ||
| Q1 24 | $622.7M | $366.8M |
| Q4 25 | — | $50.2M | ||
| Q3 25 | $78.6M | $48.0M | ||
| Q2 25 | $54.8M | $48.6M | ||
| Q1 25 | $38.0M | $91.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | $54.9M | $49.6M | ||
| Q2 24 | $39.2M | $48.8M | ||
| Q1 24 | $17.0M | $85.3M |
| Q4 25 | 19.3% | 72.9% | ||
| Q3 25 | 27.0% | 73.9% | ||
| Q2 25 | 25.0% | 73.5% | ||
| Q1 25 | 23.4% | 77.1% | ||
| Q4 24 | 20.8% | 72.6% | ||
| Q3 24 | 25.2% | 74.4% | ||
| Q2 24 | 24.2% | 74.0% | ||
| Q1 24 | 21.7% | 77.8% |
| Q4 25 | 6.2% | 18.2% | ||
| Q3 25 | 15.1% | 19.6% | ||
| Q2 25 | 11.8% | 17.9% | ||
| Q1 25 | 9.4% | 30.2% | ||
| Q4 24 | 7.2% | 13.4% | ||
| Q3 24 | 12.4% | 19.3% | ||
| Q2 24 | 10.3% | 19.4% | ||
| Q1 24 | 6.4% | 29.0% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | 9.8% | 12.7% | ||
| Q2 25 | 7.5% | 13.1% | ||
| Q1 25 | 5.7% | 21.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 7.6% | 14.9% | ||
| Q2 24 | 5.8% | 15.0% | ||
| Q1 24 | 2.7% | 23.3% |
| Q4 25 | $0.38 | $0.92 | ||
| Q3 25 | $1.37 | $0.86 | ||
| Q2 25 | $0.95 | $0.87 | ||
| Q1 25 | $0.66 | $1.61 | ||
| Q4 24 | $0.50 | $0.66 | ||
| Q3 24 | $0.94 | $0.88 | ||
| Q2 24 | $0.67 | $0.85 | ||
| Q1 24 | $0.29 | $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 | $140.1M | $162.5M |
| Total DebtLower is stronger | $747.6M | $81.3M |
| Stockholders' EquityBook value | $1.3B | $1.1B |
| Total Assets | $3.9B | $7.0B |
| Debt / EquityLower = less leverage | 0.56× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | $162.5M | ||
| Q3 25 | $116.6M | $165.2M | ||
| Q2 25 | $179.2M | $398.1M | ||
| Q1 25 | $112.0M | $477.8M | ||
| Q4 24 | $110.3M | $482.4M | ||
| Q3 24 | $109.9M | $778.5M | ||
| Q2 24 | $140.2M | $401.8M | ||
| Q1 24 | $63.7M | $492.7M |
| Q4 25 | $747.6M | $81.3M | ||
| Q3 25 | $747.5M | $81.3M | ||
| Q2 25 | $797.0M | $162.5M | ||
| Q1 25 | $872.7M | $243.8M | ||
| Q4 24 | $918.4M | $325.0M | ||
| Q3 24 | $925.7M | $325.0M | ||
| Q2 24 | $931.9M | $0 | ||
| Q1 24 | $938.1M | — |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $3.9B | $7.0B | ||
| Q3 25 | $3.9B | $4.2B | ||
| Q2 25 | $3.9B | $4.4B | ||
| Q1 25 | $3.8B | $5.2B | ||
| Q4 24 | $3.9B | $5.3B | ||
| Q3 24 | $3.9B | $4.0B | ||
| Q2 24 | $3.8B | $4.2B | ||
| Q1 24 | $3.8B | $5.0B |
| Q4 25 | 0.56× | 0.07× | ||
| Q3 25 | 0.52× | 0.07× | ||
| Q2 25 | 0.57× | 0.13× | ||
| Q1 25 | 0.66× | 0.20× | ||
| Q4 24 | 0.72× | 0.28× | ||
| Q3 24 | 0.66× | 0.29× | ||
| Q2 24 | 0.73× | 0.00× | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $117.0M |
| Free Cash FlowOCF − Capex | $258.5M | $113.6M |
| FCF MarginFCF / Revenue | 35.2% | 29.4% |
| Capex IntensityCapex / Revenue | 12.6% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | $117.0M | ||
| Q3 25 | $-17.6M | $86.5M | ||
| Q2 25 | $134.2M | $86.6M | ||
| Q1 25 | $86.2M | $186.0M | ||
| Q4 24 | $337.5M | $54.2M | ||
| Q3 24 | $-8.9M | $91.5M | ||
| Q2 24 | $109.4M | $79.9M | ||
| Q1 24 | $116.3M | $167.5M |
| Q4 25 | $258.5M | $113.6M | ||
| Q3 25 | $-42.4M | $82.7M | ||
| Q2 25 | $115.4M | $81.1M | ||
| Q1 25 | $70.9M | $183.7M | ||
| Q4 24 | $240.2M | $51.2M | ||
| Q3 24 | $-32.2M | $89.1M | ||
| Q2 24 | $86.8M | $73.6M | ||
| Q1 24 | $96.9M | $162.0M |
| Q4 25 | 35.2% | 29.4% | ||
| Q3 25 | -5.3% | 21.8% | ||
| Q2 25 | 15.8% | 21.9% | ||
| Q1 25 | 10.7% | 43.6% | ||
| Q4 24 | 35.6% | 14.7% | ||
| Q3 24 | -4.5% | 26.8% | ||
| Q2 24 | 13.0% | 22.7% | ||
| Q1 24 | 15.6% | 44.2% |
| Q4 25 | 12.6% | 0.9% | ||
| Q3 25 | 3.1% | 1.0% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.3% | 0.5% | ||
| Q4 24 | 14.4% | 0.9% | ||
| Q3 24 | 3.2% | 0.7% | ||
| Q2 24 | 3.4% | 1.9% | ||
| Q1 24 | 3.1% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | -0.22× | 1.80× | ||
| Q2 25 | 2.45× | 1.78× | ||
| Q1 25 | 2.26× | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | -0.16× | 1.84× | ||
| Q2 24 | 2.79× | 1.64× | ||
| Q1 24 | 6.85× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
