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Side-by-side financial comparison of ESAB Corp (ESAB) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $387.0M, roughly 1.9× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs 7.5%, a 5.4% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 8.5%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $70.3M). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs 2.7%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
ESAB vs PCTY — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $387.0M |
| Net Profit | $54.8M | $50.2M |
| Gross Margin | 37.0% | 72.9% |
| Operating Margin | 14.6% | 18.2% |
| Net Margin | 7.5% | 13.0% |
| Revenue YoY | 8.5% | 11.3% |
| Net Profit YoY | 2.1% | 34.0% |
| EPS (diluted) | $0.90 | $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 | $727.8M | $387.0M | ||
| Q3 25 | $715.6M | $378.9M | ||
| Q2 25 | $678.1M | $369.9M | ||
| Q1 25 | — | $421.1M | ||
| Q4 24 | $670.8M | $347.7M | ||
| Q3 24 | $673.3M | $333.1M | ||
| Q2 24 | $707.1M | $324.7M | ||
| Q1 24 | $689.7M | $366.8M |
| Q4 25 | $54.8M | $50.2M | ||
| Q3 25 | $66.9M | $48.0M | ||
| Q2 25 | $67.4M | $48.6M | ||
| Q1 25 | — | $91.5M | ||
| Q4 24 | $53.7M | $37.5M | ||
| Q3 24 | $68.2M | $49.6M | ||
| Q2 24 | $82.9M | $48.8M | ||
| Q1 24 | $60.0M | $85.3M |
| Q4 25 | 37.0% | 72.9% | ||
| Q3 25 | 37.2% | 73.9% | ||
| Q2 25 | 37.6% | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | 38.5% | 72.6% | ||
| Q3 24 | 37.7% | 74.4% | ||
| Q2 24 | 38.2% | 74.0% | ||
| Q1 24 | 37.0% | 77.8% |
| Q4 25 | 14.6% | 18.2% | ||
| Q3 25 | 15.2% | 19.6% | ||
| Q2 25 | 16.2% | 17.9% | ||
| Q1 25 | — | 30.2% | ||
| Q4 24 | 16.6% | 13.4% | ||
| Q3 24 | 15.7% | 19.3% | ||
| Q2 24 | 16.9% | 19.4% | ||
| Q1 24 | 16.0% | 29.0% |
| Q4 25 | 7.5% | 13.0% | ||
| Q3 25 | 9.3% | 12.7% | ||
| Q2 25 | 9.9% | 13.1% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | 8.0% | 10.8% | ||
| Q3 24 | 10.1% | 14.9% | ||
| Q2 24 | 11.7% | 15.0% | ||
| Q1 24 | 8.7% | 23.3% |
| Q4 25 | $0.90 | $0.92 | ||
| Q3 25 | $1.09 | $0.86 | ||
| Q2 25 | $1.10 | $0.87 | ||
| Q1 25 | — | $1.61 | ||
| Q4 24 | $0.87 | $0.66 | ||
| Q3 24 | $1.11 | $0.88 | ||
| Q2 24 | $1.35 | $0.85 | ||
| Q1 24 | $0.98 | $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 | $218.2M | $162.5M |
| Total DebtLower is stronger | $1.3B | $81.3M |
| Stockholders' EquityBook value | $2.1B | $1.1B |
| Total Assets | $4.9B | $7.0B |
| Debt / EquityLower = less leverage | 0.63× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $162.5M | ||
| Q3 25 | $258.2M | $165.2M | ||
| Q2 25 | $291.3M | $398.1M | ||
| Q1 25 | — | $477.8M | ||
| Q4 24 | $249.4M | $482.4M | ||
| Q3 24 | $253.7M | $778.5M | ||
| Q2 24 | $228.5M | $401.8M | ||
| Q1 24 | $76.5M | $492.7M |
| Q4 25 | $1.3B | $81.3M | ||
| Q3 25 | $1.1B | $81.3M | ||
| Q2 25 | $1.1B | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | $1.1B | $325.0M | ||
| Q3 24 | $1.1B | $325.0M | ||
| Q2 24 | $1.1B | $0 | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.0B | ||
| Q1 24 | $1.6B | $1.1B |
| Q4 25 | $4.9B | $7.0B | ||
| Q3 25 | $4.4B | $4.2B | ||
| Q2 25 | $4.2B | $4.4B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $4.0B | $5.3B | ||
| Q3 24 | $4.1B | $4.0B | ||
| Q2 24 | $4.0B | $4.2B | ||
| Q1 24 | $3.8B | $5.0B |
| Q4 25 | 0.63× | 0.07× | ||
| Q3 25 | 0.51× | 0.07× | ||
| Q2 25 | 0.55× | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 0.60× | 0.28× | ||
| Q3 24 | 0.59× | 0.29× | ||
| Q2 24 | 0.63× | 0.00× | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $117.0M |
| Free Cash FlowOCF − Capex | $70.3M | $113.6M |
| FCF MarginFCF / Revenue | 9.7% | 29.4% |
| Capex IntensityCapex / Revenue | 1.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.49× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $117.0M | ||
| Q3 25 | $46.6M | $86.5M | ||
| Q2 25 | $35.4M | $86.6M | ||
| Q1 25 | — | $186.0M | ||
| Q4 24 | $126.9M | $54.2M | ||
| Q3 24 | $101.0M | $91.5M | ||
| Q2 24 | $83.0M | $79.9M | ||
| Q1 24 | $44.5M | $167.5M |
| Q4 25 | $70.3M | $113.6M | ||
| Q3 25 | $37.4M | $82.7M | ||
| Q2 25 | $28.1M | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | $102.2M | $51.2M | ||
| Q3 24 | $90.4M | $89.1M | ||
| Q2 24 | $74.0M | $73.6M | ||
| Q1 24 | $37.1M | $162.0M |
| Q4 25 | 9.7% | 29.4% | ||
| Q3 25 | 5.2% | 21.8% | ||
| Q2 25 | 4.1% | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | 15.2% | 14.7% | ||
| Q3 24 | 13.4% | 26.8% | ||
| Q2 24 | 10.5% | 22.7% | ||
| Q1 24 | 5.4% | 44.2% |
| Q4 25 | 1.5% | 0.9% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | 3.7% | 0.9% | ||
| Q3 24 | 1.6% | 0.7% | ||
| Q2 24 | 1.3% | 1.9% | ||
| Q1 24 | 1.1% | 1.5% |
| Q4 25 | 1.49× | 2.33× | ||
| Q3 25 | 0.70× | 1.80× | ||
| Q2 25 | 0.53× | 1.78× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | 2.36× | 1.45× | ||
| Q3 24 | 1.48× | 1.84× | ||
| Q2 24 | 1.00× | 1.64× | ||
| Q1 24 | 0.74× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
