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Side-by-side financial comparison of DELUXE CORP (DLX) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $430.0M, roughly 1.2× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 2.2%, a 5.4% gap on every dollar of revenue. On growth, DELUXE CORP posted the faster year-over-year revenue change (2.8% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 0.0%).
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
DLX vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $430.0M |
| Net Profit | $12.0M | $32.8M |
| Gross Margin | 52.2% | 75.2% |
| Operating Margin | 8.9% | 8.6% |
| Net Margin | 2.2% | 7.6% |
| Revenue YoY | 2.8% | -9.6% |
| Net Profit YoY | -5.0% | — |
| EPS (diluted) | $0.25 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $535.2M | $504.3M | ||
| Q3 25 | $540.2M | $381.4M | ||
| Q2 25 | $521.3M | $384.5M | ||
| Q1 25 | $536.5M | $475.6M | ||
| Q4 24 | $520.6M | $490.8M | ||
| Q3 24 | $528.4M | $325.1M | ||
| Q2 24 | $537.8M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $12.0M | $234.6M | ||
| Q3 25 | $33.7M | $43.4M | ||
| Q2 25 | $22.4M | $30.1M | ||
| Q1 25 | $14.0M | $85.4M | ||
| Q4 24 | $12.6M | $119.1M | ||
| Q3 24 | $8.9M | $-14.4M | ||
| Q2 24 | $20.5M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 52.2% | 79.5% | ||
| Q3 25 | 53.9% | 72.2% | ||
| Q2 25 | 53.6% | 71.5% | ||
| Q1 25 | 52.4% | 78.5% | ||
| Q4 24 | 52.3% | 79.1% | ||
| Q3 24 | 53.3% | 70.2% | ||
| Q2 24 | 53.7% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 8.9% | 20.7% | ||
| Q3 25 | 14.0% | 3.8% | ||
| Q2 25 | 11.7% | 4.5% | ||
| Q1 25 | 9.0% | 26.7% | ||
| Q4 24 | 9.0% | 29.1% | ||
| Q3 24 | 7.9% | -3.6% | ||
| Q2 24 | 11.0% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 2.2% | 46.5% | ||
| Q3 25 | 6.2% | 11.4% | ||
| Q2 25 | 4.3% | 7.8% | ||
| Q1 25 | 2.6% | 18.0% | ||
| Q4 24 | 2.4% | 24.3% | ||
| Q3 24 | 1.7% | -4.4% | ||
| Q2 24 | 3.8% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.25 | $0.81 | ||
| Q3 25 | $0.74 | $0.24 | ||
| Q2 25 | $0.50 | $0.17 | ||
| Q1 25 | $0.31 | $0.91 | ||
| Q4 24 | $0.28 | $1.35 | ||
| Q3 24 | $0.20 | $-0.17 | ||
| Q2 24 | $0.46 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.9M | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $705.9M |
| Total Assets | $2.9B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $36.9M | $425.8M | ||
| Q3 25 | $25.8M | $351.4M | ||
| Q2 25 | $26.0M | $411.6M | ||
| Q1 25 | $30.3M | $371.7M | ||
| Q4 24 | $34.4M | $740.0M | ||
| Q3 24 | $41.3M | $703.0M | ||
| Q2 24 | $23.1M | $665.1M |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $680.7M | $787.4M | ||
| Q3 25 | $664.1M | $596.8M | ||
| Q2 25 | $638.7M | $624.5M | ||
| Q1 25 | $622.5M | $611.3M | ||
| Q4 24 | $620.9M | $585.5M | ||
| Q3 24 | $612.7M | $473.0M | ||
| Q2 24 | $620.5M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.9B | $1.6B | ||
| Q3 25 | $2.6B | $1.3B | ||
| Q2 25 | $2.5B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.7B | $1.5B |
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 | $102.1M | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 8.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $102.1M | $158.4M | ||
| Q3 25 | $67.1M | $56.3M | ||
| Q2 25 | $51.1M | $86.3M | ||
| Q1 25 | $50.3M | $204.2M | ||
| Q4 24 | $60.2M | $95.2M | ||
| Q3 24 | $67.9M | $30.5M | ||
| Q2 24 | $39.6M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | $27.8M | $84.1M | ||
| Q1 25 | $24.3M | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | $46.7M | $27.4M | ||
| Q2 24 | $11.4M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | 5.3% | 21.9% | ||
| Q1 25 | 4.5% | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | 8.8% | 8.4% | ||
| Q2 24 | 2.1% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 4.5% | 0.6% | ||
| Q1 25 | 4.8% | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 4.0% | 0.9% | ||
| Q2 24 | 5.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 8.53× | 0.68× | ||
| Q3 25 | 1.99× | 1.30× | ||
| Q2 25 | 2.28× | 2.87× | ||
| Q1 25 | 3.59× | 2.39× | ||
| Q4 24 | 4.77× | 0.80× | ||
| Q3 24 | 7.60× | — | ||
| Q2 24 | 1.94× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
