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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.7× CSW INDUSTRIALS, INC.). Paylocity Holding Corp runs the higher net margin — 13.0% vs 4.4%, a 8.6% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $22.7M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
CSW vs PCTY — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $387.0M |
| Net Profit | $10.3M | $50.2M |
| Gross Margin | 39.7% | 72.9% |
| Operating Margin | 7.4% | 18.2% |
| Net Margin | 4.4% | 13.0% |
| Revenue YoY | 20.3% | 11.3% |
| Net Profit YoY | -61.9% | 34.0% |
| EPS (diluted) | $0.62 | $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 | $233.0M | $387.0M | ||
| Q3 25 | $277.0M | $378.9M | ||
| Q2 25 | $263.6M | $369.9M | ||
| Q1 25 | $230.5M | $421.1M | ||
| Q4 24 | $193.6M | $347.7M | ||
| Q3 24 | $227.9M | $333.1M | ||
| Q2 24 | $226.2M | $324.7M | ||
| Q1 24 | $210.9M | $366.8M |
| Q4 25 | $10.3M | $50.2M | ||
| Q3 25 | $40.7M | $48.0M | ||
| Q2 25 | $40.9M | $48.6M | ||
| Q1 25 | $35.1M | $91.5M | ||
| Q4 24 | $26.9M | $37.5M | ||
| Q3 24 | $36.1M | $49.6M | ||
| Q2 24 | $38.6M | $48.8M | ||
| Q1 24 | $31.8M | $85.3M |
| Q4 25 | 39.7% | 72.9% | ||
| Q3 25 | 43.0% | 73.9% | ||
| Q2 25 | 43.8% | 73.5% | ||
| Q1 25 | 44.2% | 77.1% | ||
| Q4 24 | 41.4% | 72.6% | ||
| Q3 24 | 45.6% | 74.4% | ||
| Q2 24 | 47.5% | 74.0% | ||
| Q1 24 | 44.4% | 77.8% |
| Q4 25 | 7.4% | 18.2% | ||
| Q3 25 | 20.5% | 19.6% | ||
| Q2 25 | 20.8% | 17.9% | ||
| Q1 25 | 19.5% | 30.2% | ||
| Q4 24 | 15.3% | 13.4% | ||
| Q3 24 | 22.6% | 19.3% | ||
| Q2 24 | 24.3% | 19.4% | ||
| Q1 24 | 21.0% | 29.0% |
| Q4 25 | 4.4% | 13.0% | ||
| Q3 25 | 14.7% | 12.7% | ||
| Q2 25 | 15.5% | 13.1% | ||
| Q1 25 | 15.2% | 21.7% | ||
| Q4 24 | 13.9% | 10.8% | ||
| Q3 24 | 15.8% | 14.9% | ||
| Q2 24 | 17.1% | 15.0% | ||
| Q1 24 | 15.1% | 23.3% |
| Q4 25 | $0.62 | $0.92 | ||
| Q3 25 | $2.41 | $0.86 | ||
| Q2 25 | $2.43 | $0.87 | ||
| Q1 25 | $2.05 | $1.61 | ||
| Q4 24 | $1.60 | $0.66 | ||
| Q3 24 | $2.26 | $0.88 | ||
| Q2 24 | $2.47 | $0.85 | ||
| Q1 24 | $2.03 | $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 | $40.2M | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $1.1B | $1.1B |
| Total Assets | $2.3B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $162.5M | ||
| Q3 25 | $31.5M | $165.2M | ||
| Q2 25 | $38.0M | $398.1M | ||
| Q1 25 | $225.8M | $477.8M | ||
| Q4 24 | $213.8M | $482.4M | ||
| Q3 24 | $273.2M | $778.5M | ||
| Q2 24 | $18.9M | $401.8M | ||
| Q1 24 | $22.2M | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | $800.1M | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $650.2M | $1.0B | ||
| Q1 24 | $615.7M | $1.1B |
| Q4 25 | $2.3B | $7.0B | ||
| Q3 25 | $1.5B | $4.2B | ||
| Q2 25 | $1.5B | $4.4B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.4B | $5.3B | ||
| Q3 24 | $1.4B | $4.0B | ||
| Q2 24 | $1.1B | $4.2B | ||
| Q1 24 | $1.0B | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | 0.75× | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $117.0M |
| Free Cash FlowOCF − Capex | $22.7M | $113.6M |
| FCF MarginFCF / Revenue | 9.8% | 29.4% |
| Capex IntensityCapex / Revenue | 2.6% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $117.0M | ||
| Q3 25 | $61.8M | $86.5M | ||
| Q2 25 | $60.6M | $86.6M | ||
| Q1 25 | $27.3M | $186.0M | ||
| Q4 24 | $11.6M | $54.2M | ||
| Q3 24 | $66.8M | $91.5M | ||
| Q2 24 | $62.7M | $79.9M | ||
| Q1 24 | $22.4M | $167.5M |
| Q4 25 | $22.7M | $113.6M | ||
| Q3 25 | $58.7M | $82.7M | ||
| Q2 25 | $57.7M | $81.1M | ||
| Q1 25 | $22.8M | $183.7M | ||
| Q4 24 | $8.5M | $51.2M | ||
| Q3 24 | $61.3M | $89.1M | ||
| Q2 24 | $59.6M | $73.6M | ||
| Q1 24 | $17.5M | $162.0M |
| Q4 25 | 9.8% | 29.4% | ||
| Q3 25 | 21.2% | 21.8% | ||
| Q2 25 | 21.9% | 21.9% | ||
| Q1 25 | 9.9% | 43.6% | ||
| Q4 24 | 4.4% | 14.7% | ||
| Q3 24 | 26.9% | 26.8% | ||
| Q2 24 | 26.3% | 22.7% | ||
| Q1 24 | 8.3% | 44.2% |
| Q4 25 | 2.6% | 0.9% | ||
| Q3 25 | 1.1% | 1.0% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 2.0% | 0.5% | ||
| Q4 24 | 1.6% | 0.9% | ||
| Q3 24 | 2.4% | 0.7% | ||
| Q2 24 | 1.4% | 1.9% | ||
| Q1 24 | 2.3% | 1.5% |
| Q4 25 | 2.81× | 2.33× | ||
| Q3 25 | 1.52× | 1.80× | ||
| Q2 25 | 1.48× | 1.78× | ||
| Q1 25 | 0.78× | 2.03× | ||
| Q4 24 | 0.43× | 1.45× | ||
| Q3 24 | 1.85× | 1.84× | ||
| Q2 24 | 1.62× | 1.64× | ||
| Q1 24 | 0.71× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
