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Side-by-side financial comparison of Guidewire Software, Inc. (GWRE) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Guidewire Software, Inc. is the larger business by last-quarter revenue ($332.6M vs $330.5M, roughly 1.0× Paymentus Holdings, Inc.). Guidewire Software, Inc. runs the higher net margin — 9.4% vs 6.3%, a 3.2% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 26.5%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-72.3M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 17.5%).
Guidewire Software, Inc., commonly Guidewire, is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
GWRE vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $332.6M | $330.5M |
| Net Profit | $31.3M | $20.7M |
| Gross Margin | 63.0% | 25.4% |
| Operating Margin | 5.6% | 7.3% |
| Net Margin | 9.4% | 6.3% |
| Revenue YoY | 26.5% | 28.1% |
| Net Profit YoY | 242.6% | 57.2% |
| EPS (diluted) | $0.36 | $0.16 |
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 | $332.6M | $330.5M | ||
| Q3 25 | $356.6M | $310.7M | ||
| Q2 25 | $293.5M | $280.1M | ||
| Q1 25 | $289.5M | $275.2M | ||
| Q4 24 | $262.9M | $257.9M | ||
| Q3 24 | $291.5M | $231.6M | ||
| Q2 24 | $240.7M | $197.4M | ||
| Q1 24 | $240.9M | $184.9M |
| Q4 25 | $31.3M | $20.7M | ||
| Q3 25 | $52.0M | $17.7M | ||
| Q2 25 | $46.0M | $14.7M | ||
| Q1 25 | $-37.3M | $13.8M | ||
| Q4 24 | $9.1M | $13.1M | ||
| Q3 24 | $16.8M | $14.4M | ||
| Q2 24 | $-5.5M | $9.4M | ||
| Q1 24 | $9.7M | $7.2M |
| Q4 25 | 63.0% | 25.4% | ||
| Q3 25 | 65.0% | 24.1% | ||
| Q2 25 | 62.2% | 25.5% | ||
| Q1 25 | 61.9% | 24.0% | ||
| Q4 24 | 60.2% | 25.6% | ||
| Q3 24 | 64.0% | 26.2% | ||
| Q2 24 | 59.1% | 29.8% | ||
| Q1 24 | 59.1% | 28.5% |
| Q4 25 | 5.6% | 7.3% | ||
| Q3 25 | 8.3% | 6.4% | ||
| Q2 25 | 1.5% | 5.7% | ||
| Q1 25 | 4.0% | 5.7% | ||
| Q4 24 | -1.8% | 5.5% | ||
| Q3 24 | 3.5% | 5.2% | ||
| Q2 24 | -6.9% | 5.2% | ||
| Q1 24 | -5.2% | 4.5% |
| Q4 25 | 9.4% | 6.3% | ||
| Q3 25 | 14.6% | 5.7% | ||
| Q2 25 | 15.7% | 5.3% | ||
| Q1 25 | -12.9% | 5.0% | ||
| Q4 24 | 3.5% | 5.1% | ||
| Q3 24 | 5.7% | 6.2% | ||
| Q2 24 | -2.3% | 4.7% | ||
| Q1 24 | 4.0% | 3.9% |
| Q4 25 | $0.36 | $0.16 | ||
| Q3 25 | $0.61 | $0.14 | ||
| Q2 25 | $0.54 | $0.11 | ||
| Q1 25 | $-0.45 | $0.11 | ||
| Q4 24 | $0.11 | $0.11 | ||
| Q3 24 | $0.21 | $0.11 | ||
| Q2 24 | $-0.07 | $0.07 | ||
| Q1 24 | $0.12 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $560.4M |
| Total Assets | $2.6B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $320.9M | ||
| Q3 25 | $1.1B | $287.9M | ||
| Q2 25 | $920.4M | $266.4M | ||
| Q1 25 | $1.2B | $245.8M | ||
| Q4 24 | $1.3B | $205.9M | ||
| Q3 24 | $1.0B | $187.5M | ||
| Q2 24 | $782.3M | $188.8M | ||
| Q1 24 | $777.6M | $180.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $398.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $560.4M | ||
| Q3 25 | $1.5B | $537.4M | ||
| Q2 25 | $1.4B | $516.7M | ||
| Q1 25 | $1.3B | $500.4M | ||
| Q4 24 | $1.3B | $485.6M | ||
| Q3 24 | $1.3B | $468.8M | ||
| Q2 24 | $1.3B | $451.6M | ||
| Q1 24 | $1.3B | $439.4M |
| Q4 25 | $2.6B | $667.9M | ||
| Q3 25 | $2.7B | $644.4M | ||
| Q2 25 | $2.5B | $609.5M | ||
| Q1 25 | $2.5B | $590.9M | ||
| Q4 24 | $2.6B | $576.2M | ||
| Q3 24 | $2.2B | $552.9M | ||
| Q2 24 | $2.0B | $527.7M | ||
| Q1 24 | $2.0B | $514.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | — | — | ||
| 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 | $-67.4M | $45.1M |
| Free Cash FlowOCF − Capex | $-72.3M | $45.0M |
| FCF MarginFCF / Revenue | -21.7% | 13.6% |
| Capex IntensityCapex / Revenue | 1.5% | 0.0% |
| Cash ConversionOCF / Net Profit | -2.15× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $286.0M | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-67.4M | $45.1M | ||
| Q3 25 | $244.8M | $35.1M | ||
| Q2 25 | $32.4M | $31.5M | ||
| Q1 25 | $86.0M | $50.4M | ||
| Q4 24 | $-62.3M | $27.9M | ||
| Q3 24 | $193.8M | $6.7M | ||
| Q2 24 | $4.8M | $18.0M | ||
| Q1 24 | $69.3M | $11.0M |
| Q4 25 | $-72.3M | $45.0M | ||
| Q3 25 | $241.4M | $35.0M | ||
| Q2 25 | $31.6M | $31.4M | ||
| Q1 25 | $85.2M | $50.4M | ||
| Q4 24 | $-63.1M | $27.8M | ||
| Q3 24 | $192.1M | $6.7M | ||
| Q2 24 | $4.1M | $17.8M | ||
| Q1 24 | $66.3M | $10.8M |
| Q4 25 | -21.7% | 13.6% | ||
| Q3 25 | 67.7% | 11.3% | ||
| Q2 25 | 10.8% | 11.2% | ||
| Q1 25 | 29.4% | 18.3% | ||
| Q4 24 | -24.0% | 10.8% | ||
| Q3 24 | 65.9% | 2.9% | ||
| Q2 24 | 1.7% | 9.0% | ||
| Q1 24 | 27.5% | 5.9% |
| Q4 25 | 1.5% | 0.0% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.3% | 0.0% | ||
| Q4 24 | 0.3% | 0.0% | ||
| Q3 24 | 0.6% | 0.0% | ||
| Q2 24 | 0.3% | 0.1% | ||
| Q1 24 | 1.2% | 0.1% |
| Q4 25 | -2.15× | 2.18× | ||
| Q3 25 | 4.71× | 1.98× | ||
| Q2 25 | 0.70× | 2.14× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | -6.82× | 2.12× | ||
| Q3 24 | 11.56× | 0.47× | ||
| Q2 24 | — | 1.93× | ||
| Q1 24 | 7.15× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
