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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) 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 $379.6M, roughly 1.0× DIVERSIFIED HEALTHCARE TRUST). Paylocity Holding Corp runs the higher net margin — 13.0% vs -5.6%, a 18.6% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -0.0%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $-166.4M). Over the past eight quarters, Paylocity Holding Corp's revenue compounded faster (2.7% CAGR vs 1.2%).
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
DHC vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $387.0M |
| Net Profit | $-21.2M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | -12.6% | 18.2% |
| Net Margin | -5.6% | 13.0% |
| Revenue YoY | -0.0% | 11.3% |
| Net Profit YoY | 75.7% | 34.0% |
| EPS (diluted) | $-0.09 | $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 | $379.6M | $387.0M | ||
| Q3 25 | $388.7M | $378.9M | ||
| Q2 25 | $382.7M | $369.9M | ||
| Q1 25 | $386.9M | $421.1M | ||
| Q4 24 | $379.6M | $347.7M | ||
| Q3 24 | $373.6M | $333.1M | ||
| Q2 24 | $371.4M | $324.7M | ||
| Q1 24 | $370.8M | $366.8M |
| Q4 25 | $-21.2M | $50.2M | ||
| Q3 25 | $-164.0M | $48.0M | ||
| Q2 25 | $-91.6M | $48.6M | ||
| Q1 25 | $-9.0M | $91.5M | ||
| Q4 24 | $-87.4M | $37.5M | ||
| Q3 24 | $-98.7M | $49.6M | ||
| Q2 24 | $-97.9M | $48.8M | ||
| Q1 24 | $-86.3M | $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 | -12.6% | 18.2% | ||
| Q3 25 | -43.4% | 19.6% | ||
| Q2 25 | -24.5% | 17.9% | ||
| Q1 25 | -2.7% | 30.2% | ||
| Q4 24 | -26.1% | 13.4% | ||
| Q3 24 | -26.5% | 19.3% | ||
| Q2 24 | -23.0% | 19.4% | ||
| Q1 24 | -23.7% | 29.0% |
| Q4 25 | -5.6% | 13.0% | ||
| Q3 25 | -42.2% | 12.7% | ||
| Q2 25 | -23.9% | 13.1% | ||
| Q1 25 | -2.3% | 21.7% | ||
| Q4 24 | -23.0% | 10.8% | ||
| Q3 24 | -26.4% | 14.9% | ||
| Q2 24 | -26.3% | 15.0% | ||
| Q1 24 | -23.3% | 23.3% |
| Q4 25 | $-0.09 | $0.92 | ||
| Q3 25 | $-0.68 | $0.86 | ||
| Q2 25 | $-0.38 | $0.87 | ||
| Q1 25 | $-0.04 | $1.61 | ||
| Q4 24 | $-0.37 | $0.66 | ||
| Q3 24 | $-0.41 | $0.88 | ||
| Q2 24 | $-0.41 | $0.85 | ||
| Q1 24 | $-0.36 | $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 | $105.4M | $162.5M |
| Total DebtLower is stronger | $2.4B | $81.3M |
| Stockholders' EquityBook value | $1.7B | $1.1B |
| Total Assets | $4.4B | $7.0B |
| Debt / EquityLower = less leverage | 1.47× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $162.5M | ||
| Q3 25 | $201.4M | $165.2M | ||
| Q2 25 | $141.8M | $398.1M | ||
| Q1 25 | $302.6M | $477.8M | ||
| Q4 24 | $144.6M | $482.4M | ||
| Q3 24 | $256.5M | $778.5M | ||
| Q2 24 | $265.6M | $401.8M | ||
| Q1 24 | $207.1M | $492.7M |
| Q4 25 | $2.4B | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | $3.1B | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $2.1B | $1.0B | ||
| Q1 24 | $2.2B | $1.1B |
| Q4 25 | $4.4B | $7.0B | ||
| Q3 25 | $4.7B | $4.2B | ||
| Q2 25 | $4.8B | $4.4B | ||
| Q1 25 | $5.0B | $5.2B | ||
| Q4 24 | $5.1B | $5.3B | ||
| Q3 24 | $5.3B | $4.0B | ||
| Q2 24 | $5.3B | $4.2B | ||
| Q1 24 | $5.3B | $5.0B |
| Q4 25 | 1.47× | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.56× | 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 | $-19.6M | $117.0M |
| Free Cash FlowOCF − Capex | $-166.4M | $113.6M |
| FCF MarginFCF / Revenue | -43.8% | 29.4% |
| Capex IntensityCapex / Revenue | 38.7% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $117.0M | ||
| Q3 25 | $-49.3M | $86.5M | ||
| Q2 25 | $53.0M | $86.6M | ||
| Q1 25 | $-3.2M | $186.0M | ||
| Q4 24 | $112.2M | $54.2M | ||
| Q3 24 | $21.1M | $91.5M | ||
| Q2 24 | $44.3M | $79.9M | ||
| Q1 24 | $28.6M | $167.5M |
| Q4 25 | $-166.4M | $113.6M | ||
| Q3 25 | $-89.8M | $82.7M | ||
| Q2 25 | $18.8M | $81.1M | ||
| Q1 25 | $-42.9M | $183.7M | ||
| Q4 24 | $-89.5M | $51.2M | ||
| Q3 24 | $-26.1M | $89.1M | ||
| Q2 24 | $3.3M | $73.6M | ||
| Q1 24 | $-18.1M | $162.0M |
| Q4 25 | -43.8% | 29.4% | ||
| Q3 25 | -23.1% | 21.8% | ||
| Q2 25 | 4.9% | 21.9% | ||
| Q1 25 | -11.1% | 43.6% | ||
| Q4 24 | -23.6% | 14.7% | ||
| Q3 24 | -7.0% | 26.8% | ||
| Q2 24 | 0.9% | 22.7% | ||
| Q1 24 | -4.9% | 44.2% |
| Q4 25 | 38.7% | 0.9% | ||
| Q3 25 | 10.4% | 1.0% | ||
| Q2 25 | 8.9% | 1.5% | ||
| Q1 25 | 10.2% | 0.5% | ||
| Q4 24 | 53.1% | 0.9% | ||
| Q3 24 | 12.6% | 0.7% | ||
| Q2 24 | 11.0% | 1.9% | ||
| Q1 24 | 12.6% | 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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
