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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
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 | 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 | — | — |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |