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Side-by-side financial comparison of CARTERS INC (CRI) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
CARTERS INC is the larger business by last-quarter revenue ($757.8M vs $387.0M, roughly 2.0× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs 1.5%, a 11.4% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -0.1%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
CRI vs PCTY — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $387.0M |
| Net Profit | $11.6M | $50.2M |
| Gross Margin | 45.1% | 72.9% |
| Operating Margin | 3.8% | 18.2% |
| Net Margin | 1.5% | 13.0% |
| Revenue YoY | -0.1% | 11.3% |
| Net Profit YoY | -80.1% | 34.0% |
| EPS (diluted) | $0.32 | $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 | — | $387.0M | ||
| Q3 25 | $757.8M | $378.9M | ||
| Q2 25 | $585.3M | $369.9M | ||
| Q1 25 | $629.8M | $421.1M | ||
| Q4 24 | — | $347.7M | ||
| Q3 24 | — | $333.1M | ||
| Q2 24 | — | $324.7M | ||
| Q1 24 | — | $366.8M |
| Q4 25 | — | $50.2M | ||
| Q3 25 | $11.6M | $48.0M | ||
| Q2 25 | $446.0K | $48.6M | ||
| Q1 25 | $15.5M | $91.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | — | $49.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | 45.1% | 73.9% | ||
| Q2 25 | 48.1% | 73.5% | ||
| Q1 25 | 46.2% | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | 3.8% | 19.6% | ||
| Q2 25 | 0.7% | 17.9% | ||
| Q1 25 | 4.1% | 30.2% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 29.0% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | 1.5% | 12.7% | ||
| Q2 25 | 0.1% | 13.1% | ||
| Q1 25 | 2.5% | 21.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.0% | ||
| Q1 24 | — | 23.3% |
| Q4 25 | — | $0.92 | ||
| Q3 25 | $0.32 | $0.86 | ||
| Q2 25 | $0.01 | $0.87 | ||
| Q1 25 | $0.43 | $1.61 | ||
| Q4 24 | — | $0.66 | ||
| Q3 24 | — | $0.88 | ||
| Q2 24 | — | $0.85 | ||
| Q1 24 | — | $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 | $184.2M | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $864.6M | $1.1B |
| Total Assets | $2.5B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $162.5M | ||
| Q3 25 | $184.2M | $165.2M | ||
| Q2 25 | $338.2M | $398.1M | ||
| Q1 25 | $320.8M | $477.8M | ||
| Q4 24 | — | $482.4M | ||
| Q3 24 | — | $778.5M | ||
| Q2 24 | — | $401.8M | ||
| Q1 24 | — | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $864.6M | $1.1B | ||
| Q2 25 | $853.9M | $1.2B | ||
| Q1 25 | $847.2M | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $7.0B | ||
| Q3 25 | $2.5B | $4.2B | ||
| Q2 25 | $2.5B | $4.4B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 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 | $-128.0M | $117.0M |
| Free Cash FlowOCF − Capex | $-144.1M | $113.6M |
| FCF MarginFCF / Revenue | -19.0% | 29.4% |
| Capex IntensityCapex / Revenue | 2.1% | 0.9% |
| Cash ConversionOCF / Net Profit | -11.04× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $117.0M | ||
| Q3 25 | $-128.0M | $86.5M | ||
| Q2 25 | $40.3M | $86.6M | ||
| Q1 25 | $-48.6M | $186.0M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $91.5M | ||
| Q2 24 | — | $79.9M | ||
| Q1 24 | — | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | $-144.1M | $82.7M | ||
| Q2 25 | $24.1M | $81.1M | ||
| Q1 25 | $-59.0M | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | -19.0% | 21.8% | ||
| Q2 25 | 4.1% | 21.9% | ||
| Q1 25 | -9.4% | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | 2.1% | 1.0% | ||
| Q2 25 | 2.8% | 1.5% | ||
| Q1 25 | 1.6% | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | -11.04× | 1.80× | ||
| Q2 25 | 90.37× | 1.78× | ||
| Q1 25 | -3.13× | 2.03× | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | 1.84× | ||
| Q2 24 | — | 1.64× | ||
| Q1 24 | — | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 0% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
