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Side-by-side financial comparison of Diversified Energy Co (DEC) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $387.0M, roughly 1.7× Paylocity Holding Corp). Diversified Energy Co runs the higher net margin — 29.3% vs 13.0%, a 16.4% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $113.6M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
DEC vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $387.0M |
| Net Profit | $195.5M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 37.6% | 18.2% |
| Net Margin | 29.3% | 13.0% |
| Revenue YoY | — | 11.3% |
| Net Profit YoY | — | 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 | $666.5M | $387.0M | ||
| Q3 25 | $499.8M | $378.9M | ||
| Q2 25 | $600.3M | $369.9M | ||
| Q1 25 | — | $421.1M | ||
| Q4 24 | — | $347.7M | ||
| Q3 24 | — | $333.1M | ||
| Q2 24 | — | $324.7M | ||
| Q1 24 | — | $366.8M |
| Q4 25 | $195.5M | $50.2M | ||
| Q3 25 | $171.1M | $48.0M | ||
| Q2 25 | $297.7M | $48.6M | ||
| Q1 25 | — | $91.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | — | $49.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | 44.7% | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 77.8% |
| Q4 25 | 37.6% | 18.2% | ||
| Q3 25 | 36.2% | 19.6% | ||
| Q2 25 | 48.5% | 17.9% | ||
| Q1 25 | — | 30.2% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | — | 19.4% | ||
| Q1 24 | — | 29.0% |
| Q4 25 | 29.3% | 13.0% | ||
| Q3 25 | 34.2% | 12.7% | ||
| Q2 25 | 49.6% | 13.1% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 15.0% | ||
| Q1 24 | — | 23.3% |
| Q4 25 | — | $0.92 | ||
| Q3 25 | $2.14 | $0.86 | ||
| Q2 25 | $3.67 | $0.87 | ||
| Q1 25 | — | $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 | $29.7M | $162.5M |
| Total DebtLower is stronger | $2.7B | $81.3M |
| Stockholders' EquityBook value | $984.1M | $1.1B |
| Total Assets | $6.2B | $7.0B |
| Debt / EquityLower = less leverage | 2.76× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $162.5M | ||
| Q3 25 | — | $165.2M | ||
| Q2 25 | $23.7M | $398.1M | ||
| Q1 25 | — | $477.8M | ||
| Q4 24 | — | $482.4M | ||
| Q3 24 | — | $778.5M | ||
| Q2 24 | — | $401.8M | ||
| Q1 24 | — | $492.7M |
| Q4 25 | $2.7B | $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 | $984.1M | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $727.7M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $6.2B | $7.0B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | $5.7B | $4.4B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $5.0B |
| Q4 25 | 2.76× | 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 | $464.6M | $117.0M |
| Free Cash FlowOCF − Capex | $280.0M | $113.6M |
| FCF MarginFCF / Revenue | 42.0% | 29.4% |
| Capex IntensityCapex / Revenue | 27.7% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.38× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $117.0M | ||
| Q3 25 | — | $86.5M | ||
| Q2 25 | $264.1M | $86.6M | ||
| Q1 25 | — | $186.0M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $91.5M | ||
| Q2 24 | — | $79.9M | ||
| Q1 24 | — | $167.5M |
| Q4 25 | $280.0M | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | 42.0% | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | 27.7% | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 2.38× | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 0.89× | 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
DEC
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
