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Side-by-side financial comparison of Claritev Corp (CTEV) 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 $246.6M, roughly 1.6× Claritev Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs -32.7%, a 45.6% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 6.2%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $36.4M). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% CAGR vs 2.5%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
CTEV vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $387.0M |
| Net Profit | $-80.6M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | -3.1% | 18.2% |
| Net Margin | -32.7% | 13.0% |
| Revenue YoY | 6.2% | 11.3% |
| Net Profit YoY | 41.6% | 34.0% |
| EPS (diluted) | $-4.88 | $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 | $246.6M | $387.0M | ||
| Q3 25 | $246.0M | $378.9M | ||
| Q2 25 | $241.6M | $369.9M | ||
| Q1 25 | $231.3M | $421.1M | ||
| Q4 24 | $232.1M | $347.7M | ||
| Q3 24 | $230.5M | $333.1M | ||
| Q2 24 | $233.5M | $324.7M | ||
| Q1 24 | $234.5M | $366.8M |
| Q4 25 | $-80.6M | $50.2M | ||
| Q3 25 | $-69.8M | $48.0M | ||
| Q2 25 | $-62.6M | $48.6M | ||
| Q1 25 | $-71.3M | $91.5M | ||
| Q4 24 | $-138.0M | $37.5M | ||
| Q3 24 | $-391.4M | $49.6M | ||
| Q2 24 | $-576.7M | $48.8M | ||
| Q1 24 | $-539.7M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | -3.1% | 18.2% | ||
| Q3 25 | 4.1% | 19.6% | ||
| Q2 25 | 6.9% | 17.9% | ||
| Q1 25 | 4.2% | 30.2% | ||
| Q4 24 | -17.8% | 13.4% | ||
| Q3 24 | -146.7% | 19.3% | ||
| Q2 24 | -224.4% | 19.4% | ||
| Q1 24 | -207.4% | 29.0% |
| Q4 25 | -32.7% | 13.0% | ||
| Q3 25 | -28.4% | 12.7% | ||
| Q2 25 | -25.9% | 13.1% | ||
| Q1 25 | -30.8% | 21.7% | ||
| Q4 24 | -59.4% | 10.8% | ||
| Q3 24 | -169.8% | 14.9% | ||
| Q2 24 | -247.0% | 15.0% | ||
| Q1 24 | -230.1% | 23.3% |
| Q4 25 | $-4.88 | $0.92 | ||
| Q3 25 | $-4.23 | $0.86 | ||
| Q2 25 | $-3.81 | $0.87 | ||
| Q1 25 | $-4.38 | $1.61 | ||
| Q4 24 | $-8.49 | $0.66 | ||
| Q3 24 | $-24.25 | $0.88 | ||
| Q2 24 | $-35.78 | $0.85 | ||
| Q1 24 | $-33.40 | $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 | $16.8M | $162.5M |
| Total DebtLower is stronger | $4.6B | $81.3M |
| Stockholders' EquityBook value | $-173.9M | $1.1B |
| Total Assets | $4.9B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | $162.5M | ||
| Q3 25 | $39.2M | $165.2M | ||
| Q2 25 | $56.4M | $398.1M | ||
| Q1 25 | $23.1M | $477.8M | ||
| Q4 24 | $16.8M | $482.4M | ||
| Q3 24 | $86.6M | $778.5M | ||
| Q2 24 | $48.8M | $401.8M | ||
| Q1 24 | $58.7M | $492.7M |
| Q4 25 | $4.6B | $81.3M | ||
| Q3 25 | $4.5B | $81.3M | ||
| Q2 25 | $4.5B | $162.5M | ||
| Q1 25 | $4.5B | $243.8M | ||
| Q4 24 | $4.5B | $325.0M | ||
| Q3 24 | $4.5B | $325.0M | ||
| Q2 24 | $4.5B | $0 | ||
| Q1 24 | $4.5B | — |
| Q4 25 | $-173.9M | $1.1B | ||
| Q3 25 | $-101.8M | $1.1B | ||
| Q2 25 | $-39.9M | $1.2B | ||
| Q1 25 | $14.8M | $1.2B | ||
| Q4 24 | $84.0M | $1.2B | ||
| Q3 24 | $207.6M | $1.1B | ||
| Q2 24 | $603.4M | $1.0B | ||
| Q1 24 | $1.2B | $1.1B |
| Q4 25 | $4.9B | $7.0B | ||
| Q3 25 | $5.0B | $4.2B | ||
| Q2 25 | $5.1B | $4.4B | ||
| Q1 25 | $5.1B | $5.2B | ||
| Q4 24 | $5.2B | $5.3B | ||
| Q3 24 | $5.3B | $4.0B | ||
| Q2 24 | $5.7B | $4.2B | ||
| Q1 24 | $6.4B | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | 304.87× | 0.20× | ||
| Q4 24 | 53.67× | 0.28× | ||
| Q3 24 | 21.73× | 0.29× | ||
| Q2 24 | 7.48× | 0.00× | ||
| Q1 24 | 3.85× | — |
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 | $66.3M | $117.0M |
| Free Cash FlowOCF − Capex | $36.4M | $113.6M |
| FCF MarginFCF / Revenue | 14.8% | 29.4% |
| Capex IntensityCapex / Revenue | 12.1% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $117.0M | ||
| Q3 25 | $19.9M | $86.5M | ||
| Q2 25 | $61.2M | $86.6M | ||
| Q1 25 | $-30.1M | $186.0M | ||
| Q4 24 | $-33.4M | $54.2M | ||
| Q3 24 | $72.8M | $91.5M | ||
| Q2 24 | $18.5M | $79.9M | ||
| Q1 24 | $49.7M | $167.5M |
| Q4 25 | $36.4M | $113.6M | ||
| Q3 25 | $-16.3M | $82.7M | ||
| Q2 25 | $36.6M | $81.1M | ||
| Q1 25 | $-68.9M | $183.7M | ||
| Q4 24 | $-63.8M | $51.2M | ||
| Q3 24 | $41.1M | $89.1M | ||
| Q2 24 | $-7.0M | $73.6M | ||
| Q1 24 | $19.2M | $162.0M |
| Q4 25 | 14.8% | 29.4% | ||
| Q3 25 | -6.6% | 21.8% | ||
| Q2 25 | 15.2% | 21.9% | ||
| Q1 25 | -29.8% | 43.6% | ||
| Q4 24 | -27.5% | 14.7% | ||
| Q3 24 | 17.8% | 26.8% | ||
| Q2 24 | -3.0% | 22.7% | ||
| Q1 24 | 8.2% | 44.2% |
| Q4 25 | 12.1% | 0.9% | ||
| Q3 25 | 14.7% | 1.0% | ||
| Q2 25 | 10.2% | 1.5% | ||
| Q1 25 | 16.8% | 0.5% | ||
| Q4 24 | 13.1% | 0.9% | ||
| Q3 24 | 13.8% | 0.7% | ||
| Q2 24 | 10.9% | 1.9% | ||
| Q1 24 | 13.0% | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | — | 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
CTEV
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
