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Side-by-side financial comparison of HUTCHMED (China) Ltd (HCM) 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 $270.8M, roughly 1.4× HUTCHMED (China) Ltd). Paylocity Holding Corp runs the higher net margin — 13.0% vs 0.7%, a 12.2% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -16.5%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $3.4M).

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

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

HCM vs PCTY — Head-to-Head

Bigger by revenue
PCTY
PCTY
1.4× larger
PCTY
$387.0M
$270.8M
HCM
Growing faster (revenue YoY)
PCTY
PCTY
+27.8% gap
PCTY
11.3%
-16.5%
HCM
Higher net margin
PCTY
PCTY
12.2% more per $
PCTY
13.0%
0.7%
HCM
More free cash flow
PCTY
PCTY
$110.3M more FCF
PCTY
$113.6M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
HCM
HCM
PCTY
PCTY
Revenue
$270.8M
$387.0M
Net Profit
$2.0M
$50.2M
Gross Margin
37.7%
72.9%
Operating Margin
-13.2%
18.2%
Net Margin
0.7%
13.0%
Revenue YoY
-16.5%
11.3%
Net Profit YoY
-83.6%
34.0%
EPS (diluted)
$0.00
$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
HCM
HCM
PCTY
PCTY
Q4 25
$270.8M
$387.0M
Q3 25
$378.9M
Q2 25
$277.7M
$369.9M
Q1 25
$324.5M
$421.1M
Q4 24
$347.7M
Q3 24
$333.1M
Q2 24
$305.7M
$324.7M
Q1 24
$366.8M
Net Profit
HCM
HCM
PCTY
PCTY
Q4 25
$2.0M
$50.2M
Q3 25
$48.0M
Q2 25
$455.0M
$48.6M
Q1 25
$11.9M
$91.5M
Q4 24
$37.5M
Q3 24
$49.6M
Q2 24
$25.8M
$48.8M
Q1 24
$85.3M
Gross Margin
HCM
HCM
PCTY
PCTY
Q4 25
37.7%
72.9%
Q3 25
73.9%
Q2 25
0.1%
73.5%
Q1 25
48.0%
77.1%
Q4 24
72.6%
Q3 24
74.4%
Q2 24
41.1%
74.0%
Q1 24
77.8%
Operating Margin
HCM
HCM
PCTY
PCTY
Q4 25
-13.2%
18.2%
Q3 25
19.6%
Q2 25
-1.3%
17.9%
Q1 25
-5.0%
30.2%
Q4 24
13.4%
Q3 24
19.3%
Q2 24
-9.0%
19.4%
Q1 24
29.0%
Net Margin
HCM
HCM
PCTY
PCTY
Q4 25
0.7%
13.0%
Q3 25
12.7%
Q2 25
163.8%
13.1%
Q1 25
3.7%
21.7%
Q4 24
10.8%
Q3 24
14.9%
Q2 24
8.4%
15.0%
Q1 24
23.3%
EPS (diluted)
HCM
HCM
PCTY
PCTY
Q4 25
$0.00
$0.92
Q3 25
$0.86
Q2 25
$0.52
$0.87
Q1 25
$0.01
$1.61
Q4 24
$0.66
Q3 24
$0.88
Q2 24
$0.03
$0.85
Q1 24
$1.50

Balance Sheet & Financial Strength

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

Metric
HCM
HCM
PCTY
PCTY
Cash + ST InvestmentsLiquidity on hand
$1.4B
$162.5M
Total DebtLower is stronger
$93.2M
$81.3M
Stockholders' EquityBook value
$1.2B
$1.1B
Total Assets
$1.8B
$7.0B
Debt / EquityLower = less leverage
0.08×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCM
HCM
PCTY
PCTY
Q4 25
$1.4B
$162.5M
Q3 25
$165.2M
Q2 25
$1.4B
$398.1M
Q1 25
$836.1M
$477.8M
Q4 24
$482.4M
Q3 24
$778.5M
Q2 24
$802.5M
$401.8M
Q1 24
$492.7M
Total Debt
HCM
HCM
PCTY
PCTY
Q4 25
$93.2M
$81.3M
Q3 25
$81.3M
Q2 25
$93.4M
$162.5M
Q1 25
$82.8M
$243.8M
Q4 24
$325.0M
Q3 24
$325.0M
Q2 24
$82.1M
$0
Q1 24
Stockholders' Equity
HCM
HCM
PCTY
PCTY
Q4 25
$1.2B
$1.1B
Q3 25
$1.1B
Q2 25
$1.2B
$1.2B
Q1 25
$759.9M
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$740.1M
$1.0B
Q1 24
$1.1B
Total Assets
HCM
HCM
PCTY
PCTY
Q4 25
$1.8B
$7.0B
Q3 25
$4.2B
Q2 25
$1.8B
$4.4B
Q1 25
$1.3B
$5.2B
Q4 24
$5.3B
Q3 24
$4.0B
Q2 24
$1.3B
$4.2B
Q1 24
$5.0B
Debt / Equity
HCM
HCM
PCTY
PCTY
Q4 25
0.08×
0.07×
Q3 25
0.07×
Q2 25
0.08×
0.13×
Q1 25
0.11×
0.20×
Q4 24
0.28×
Q3 24
0.29×
Q2 24
0.11×
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
HCM
HCM
PCTY
PCTY
Operating Cash FlowLast quarter
$8.2M
$117.0M
Free Cash FlowOCF − Capex
$3.4M
$113.6M
FCF MarginFCF / Revenue
1.2%
29.4%
Capex IntensityCapex / Revenue
1.8%
0.9%
Cash ConversionOCF / Net Profit
4.21×
2.33×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M
$461.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCM
HCM
PCTY
PCTY
Q4 25
$8.2M
$117.0M
Q3 25
$86.5M
Q2 25
$-72.9M
$86.6M
Q1 25
$40.3M
$186.0M
Q4 24
$54.2M
Q3 24
$91.5M
Q2 24
$-39.8M
$79.9M
Q1 24
$167.5M
Free Cash Flow
HCM
HCM
PCTY
PCTY
Q4 25
$3.4M
$113.6M
Q3 25
$82.7M
Q2 25
$-82.2M
$81.1M
Q1 25
$32.5M
$183.7M
Q4 24
$51.2M
Q3 24
$89.1M
Q2 24
$-49.9M
$73.6M
Q1 24
$162.0M
FCF Margin
HCM
HCM
PCTY
PCTY
Q4 25
1.2%
29.4%
Q3 25
21.8%
Q2 25
-29.6%
21.9%
Q1 25
10.0%
43.6%
Q4 24
14.7%
Q3 24
26.8%
Q2 24
-16.3%
22.7%
Q1 24
44.2%
Capex Intensity
HCM
HCM
PCTY
PCTY
Q4 25
1.8%
0.9%
Q3 25
1.0%
Q2 25
3.3%
1.5%
Q1 25
2.4%
0.5%
Q4 24
0.9%
Q3 24
0.7%
Q2 24
3.3%
1.9%
Q1 24
1.5%
Cash Conversion
HCM
HCM
PCTY
PCTY
Q4 25
4.21×
2.33×
Q3 25
1.80×
Q2 25
-0.16×
1.78×
Q1 25
3.38×
2.03×
Q4 24
1.45×
Q3 24
1.84×
Q2 24
-1.54×
1.64×
Q1 24
1.96×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HCM
HCM

Segment breakdown not available.

PCTY
PCTY

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

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