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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) 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 $245.4M, roughly 1.6× Douglas Elliman Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs 13.0%, a 15.0% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 0.9%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs 2.7%).

Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.

Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.

DOUG vs PCTY — Head-to-Head

Bigger by revenue
PCTY
PCTY
1.6× larger
PCTY
$387.0M
$245.4M
DOUG
Growing faster (revenue YoY)
PCTY
PCTY
+10.4% gap
PCTY
11.3%
0.9%
DOUG
Higher net margin
DOUG
DOUG
15.0% more per $
DOUG
27.9%
13.0%
PCTY
More free cash flow
PCTY
PCTY
$128.3M more FCF
PCTY
$113.6M
$-14.7M
DOUG
Faster 2-yr revenue CAGR
DOUG
DOUG
Annualised
DOUG
10.7%
2.7%
PCTY

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DOUG
DOUG
PCTY
PCTY
Revenue
$245.4M
$387.0M
Net Profit
$68.6M
$50.2M
Gross Margin
72.9%
Operating Margin
27.3%
18.2%
Net Margin
27.9%
13.0%
Revenue YoY
0.9%
11.3%
Net Profit YoY
1243.4%
34.0%
EPS (diluted)
$0.80
$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.

Revenue
DOUG
DOUG
PCTY
PCTY
Q4 25
$245.4M
$387.0M
Q3 25
$262.8M
$378.9M
Q2 25
$271.4M
$369.9M
Q1 25
$253.4M
$421.1M
Q4 24
$243.3M
$347.7M
Q3 24
$266.3M
$333.1M
Q2 24
$285.8M
$324.7M
Q1 24
$200.2M
$366.8M
Net Profit
DOUG
DOUG
PCTY
PCTY
Q4 25
$68.6M
$50.2M
Q3 25
$-24.7M
$48.0M
Q2 25
$-22.7M
$48.6M
Q1 25
$-6.0M
$91.5M
Q4 24
$-6.0M
$37.5M
Q3 24
$-27.2M
$49.6M
Q2 24
$-1.7M
$48.8M
Q1 24
$-41.5M
$85.3M
Gross Margin
DOUG
DOUG
PCTY
PCTY
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%
Operating Margin
DOUG
DOUG
PCTY
PCTY
Q4 25
27.3%
18.2%
Q3 25
-4.1%
19.6%
Q2 25
-2.0%
17.9%
Q1 25
-2.1%
30.2%
Q4 24
-6.7%
13.4%
Q3 24
-2.8%
19.3%
Q2 24
-1.3%
19.4%
Q1 24
-20.7%
29.0%
Net Margin
DOUG
DOUG
PCTY
PCTY
Q4 25
27.9%
13.0%
Q3 25
-9.4%
12.7%
Q2 25
-8.4%
13.1%
Q1 25
-2.4%
21.7%
Q4 24
-2.5%
10.8%
Q3 24
-10.2%
14.9%
Q2 24
-0.6%
15.0%
Q1 24
-20.7%
23.3%
EPS (diluted)
DOUG
DOUG
PCTY
PCTY
Q4 25
$0.80
$0.92
Q3 25
$-0.29
$0.86
Q2 25
$-0.27
$0.87
Q1 25
$-0.07
$1.61
Q4 24
$-0.06
$0.66
Q3 24
$-0.33
$0.88
Q2 24
$-0.02
$0.85
Q1 24
$-0.50
$1.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOUG
DOUG
PCTY
PCTY
Cash + ST InvestmentsLiquidity on hand
$115.5M
$162.5M
Total DebtLower is stronger
$81.3M
Stockholders' EquityBook value
$183.9M
$1.1B
Total Assets
$444.4M
$7.0B
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOUG
DOUG
PCTY
PCTY
Q4 25
$115.5M
$162.5M
Q3 25
$143.0M
$165.2M
Q2 25
$136.3M
$398.1M
Q1 25
$136.8M
$477.8M
Q4 24
$145.5M
$482.4M
Q3 24
$151.4M
$778.5M
Q2 24
$92.9M
$401.8M
Q1 24
$91.5M
$492.7M
Total Debt
DOUG
DOUG
PCTY
PCTY
Q4 25
$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
Stockholders' Equity
DOUG
DOUG
PCTY
PCTY
Q4 25
$183.9M
$1.1B
Q3 25
$115.1M
$1.1B
Q2 25
$137.6M
$1.2B
Q1 25
$158.2M
$1.2B
Q4 24
$162.2M
$1.2B
Q3 24
$173.6M
$1.1B
Q2 24
$196.9M
$1.0B
Q1 24
$195.1M
$1.1B
Total Assets
DOUG
DOUG
PCTY
PCTY
Q4 25
$444.4M
$7.0B
Q3 25
$480.6M
$4.2B
Q2 25
$489.0M
$4.4B
Q1 25
$493.9M
$5.2B
Q4 24
$493.9M
$5.3B
Q3 24
$502.7M
$4.0B
Q2 24
$463.9M
$4.2B
Q1 24
$461.1M
$5.0B
Debt / Equity
DOUG
DOUG
PCTY
PCTY
Q4 25
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
DOUG
DOUG
PCTY
PCTY
Operating Cash FlowLast quarter
$-14.4M
$117.0M
Free Cash FlowOCF − Capex
$-14.7M
$113.6M
FCF MarginFCF / Revenue
-6.0%
29.4%
Capex IntensityCapex / Revenue
0.1%
0.9%
Cash ConversionOCF / Net Profit
-0.21×
2.33×
TTM Free Cash FlowTrailing 4 quarters
$-17.2M
$461.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOUG
DOUG
PCTY
PCTY
Q4 25
$-14.4M
$117.0M
Q3 25
$5.5M
$86.5M
Q2 25
$642.0K
$86.6M
Q1 25
$-5.6M
$186.0M
Q4 24
$-9.0M
$54.2M
Q3 24
$9.0M
$91.5M
Q2 24
$1.3M
$79.9M
Q1 24
$-27.3M
$167.5M
Free Cash Flow
DOUG
DOUG
PCTY
PCTY
Q4 25
$-14.7M
$113.6M
Q3 25
$4.7M
$82.7M
Q2 25
$-575.0K
$81.1M
Q1 25
$-6.7M
$183.7M
Q4 24
$-10.2M
$51.2M
Q3 24
$7.7M
$89.1M
Q2 24
$432.0K
$73.6M
Q1 24
$-29.4M
$162.0M
FCF Margin
DOUG
DOUG
PCTY
PCTY
Q4 25
-6.0%
29.4%
Q3 25
1.8%
21.8%
Q2 25
-0.2%
21.9%
Q1 25
-2.6%
43.6%
Q4 24
-4.2%
14.7%
Q3 24
2.9%
26.8%
Q2 24
0.2%
22.7%
Q1 24
-14.7%
44.2%
Capex Intensity
DOUG
DOUG
PCTY
PCTY
Q4 25
0.1%
0.9%
Q3 25
0.3%
1.0%
Q2 25
0.4%
1.5%
Q1 25
0.4%
0.5%
Q4 24
0.5%
0.9%
Q3 24
0.5%
0.7%
Q2 24
0.3%
1.9%
Q1 24
1.0%
1.5%
Cash Conversion
DOUG
DOUG
PCTY
PCTY
Q4 25
-0.21×
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

DOUG
DOUG

Commissions And Other Brokerage Income$240.3M98%
Property Management Income$2.8M1%
Property Management$2.2M1%

PCTY
PCTY

Recurring Fees$370.1M96%
Implementation Services And Other$16.9M4%

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