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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) 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 $308.1M, roughly 1.3× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 13.0%, a 15.2% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 5.3%). Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $113.6M). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs 2.7%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
LOPE vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $387.0M |
| Net Profit | $86.7M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 35.1% | 18.2% |
| Net Margin | 28.1% | 13.0% |
| Revenue YoY | 5.3% | 11.3% |
| Net Profit YoY | 5.9% | 34.0% |
| EPS (diluted) | $3.13 | $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 | $308.1M | $387.0M | ||
| Q3 25 | $261.1M | $378.9M | ||
| Q2 25 | $247.5M | $369.9M | ||
| Q1 25 | $289.3M | $421.1M | ||
| Q4 24 | $292.6M | $347.7M | ||
| Q3 24 | $238.3M | $333.1M | ||
| Q2 24 | $227.5M | $324.7M | ||
| Q1 24 | $274.7M | $366.8M |
| Q4 25 | $86.7M | $50.2M | ||
| Q3 25 | $16.3M | $48.0M | ||
| Q2 25 | $41.5M | $48.6M | ||
| Q1 25 | $71.6M | $91.5M | ||
| Q4 24 | $81.9M | $37.5M | ||
| Q3 24 | $41.5M | $49.6M | ||
| Q2 24 | $34.9M | $48.8M | ||
| Q1 24 | $68.0M | $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 | 35.1% | 18.2% | ||
| Q3 25 | 6.9% | 19.6% | ||
| Q2 25 | 20.9% | 17.9% | ||
| Q1 25 | 30.4% | 30.2% | ||
| Q4 24 | 34.2% | 13.4% | ||
| Q3 24 | 20.2% | 19.3% | ||
| Q2 24 | 18.8% | 19.4% | ||
| Q1 24 | 30.8% | 29.0% |
| Q4 25 | 28.1% | 13.0% | ||
| Q3 25 | 6.2% | 12.7% | ||
| Q2 25 | 16.8% | 13.1% | ||
| Q1 25 | 24.8% | 21.7% | ||
| Q4 24 | 28.0% | 10.8% | ||
| Q3 24 | 17.4% | 14.9% | ||
| Q2 24 | 15.3% | 15.0% | ||
| Q1 24 | 24.8% | 23.3% |
| Q4 25 | $3.13 | $0.92 | ||
| Q3 25 | $0.58 | $0.86 | ||
| Q2 25 | $1.48 | $0.87 | ||
| Q1 25 | $2.52 | $1.61 | ||
| Q4 24 | $2.83 | $0.66 | ||
| Q3 24 | $1.42 | $0.88 | ||
| Q2 24 | $1.19 | $0.85 | ||
| Q1 24 | $2.29 | $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 | $111.8M | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $746.9M | $1.1B |
| Total Assets | $992.3M | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $162.5M | ||
| Q3 25 | $97.3M | $165.2M | ||
| Q2 25 | $192.3M | $398.1M | ||
| Q1 25 | $144.5M | $477.8M | ||
| Q4 24 | $324.6M | $482.4M | ||
| Q3 24 | $263.6M | $778.5M | ||
| Q2 24 | $241.3M | $401.8M | ||
| Q1 24 | $196.2M | $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 | $746.9M | $1.1B | ||
| Q3 25 | $758.0M | $1.1B | ||
| Q2 25 | $778.0M | $1.2B | ||
| Q1 25 | $780.7M | $1.2B | ||
| Q4 24 | $783.9M | $1.2B | ||
| Q3 24 | $764.1M | $1.1B | ||
| Q2 24 | $759.2M | $1.0B | ||
| Q1 24 | $759.4M | $1.1B |
| Q4 25 | $992.3M | $7.0B | ||
| Q3 25 | $1.0B | $4.2B | ||
| Q2 25 | $1.0B | $4.4B | ||
| Q1 25 | $1.0B | $5.2B | ||
| Q4 24 | $1.0B | $5.3B | ||
| Q3 24 | $992.9M | $4.0B | ||
| Q2 24 | $992.7M | $4.2B | ||
| Q1 24 | $1.0B | $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 | $130.5M | $117.0M |
| Free Cash FlowOCF − Capex | $122.9M | $113.6M |
| FCF MarginFCF / Revenue | 39.9% | 29.4% |
| Capex IntensityCapex / Revenue | 2.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.50× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | $117.0M | ||
| Q3 25 | $-48.6M | $86.5M | ||
| Q2 25 | $124.0M | $86.6M | ||
| Q1 25 | $67.6M | $186.0M | ||
| Q4 24 | $135.8M | $54.2M | ||
| Q3 24 | $-29.4M | $91.5M | ||
| Q2 24 | $98.6M | $79.9M | ||
| Q1 24 | $85.0M | $167.5M |
| Q4 25 | $122.9M | $113.6M | ||
| Q3 25 | $-58.3M | $82.7M | ||
| Q2 25 | $115.4M | $81.1M | ||
| Q1 25 | $58.7M | $183.7M | ||
| Q4 24 | $126.1M | $51.2M | ||
| Q3 24 | $-39.0M | $89.1M | ||
| Q2 24 | $89.6M | $73.6M | ||
| Q1 24 | $76.0M | $162.0M |
| Q4 25 | 39.9% | 29.4% | ||
| Q3 25 | -22.3% | 21.8% | ||
| Q2 25 | 46.6% | 21.9% | ||
| Q1 25 | 20.3% | 43.6% | ||
| Q4 24 | 43.1% | 14.7% | ||
| Q3 24 | -16.3% | 26.8% | ||
| Q2 24 | 39.4% | 22.7% | ||
| Q1 24 | 27.7% | 44.2% |
| Q4 25 | 2.5% | 0.9% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 3.5% | 1.5% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 3.3% | 0.9% | ||
| Q3 24 | 4.0% | 0.7% | ||
| Q2 24 | 3.9% | 1.9% | ||
| Q1 24 | 3.3% | 1.5% |
| Q4 25 | 1.50× | 2.33× | ||
| Q3 25 | -2.99× | 1.80× | ||
| Q2 25 | 2.98× | 1.78× | ||
| Q1 25 | 0.94× | 2.03× | ||
| Q4 24 | 1.66× | 1.45× | ||
| Q3 24 | -0.71× | 1.84× | ||
| Q2 24 | 2.83× | 1.64× | ||
| Q1 24 | 1.25× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
