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Side-by-side financial comparison of Paymentus Holdings, Inc. (PAY) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $253.4M, roughly 1.3× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 28.1%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $45.0M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 33.7%).
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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
PAY vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $330.5M | $253.4M |
| Net Profit | $20.7M | — |
| Gross Margin | 25.4% | — |
| Operating Margin | 7.3% | 28.7% |
| Net Margin | 6.3% | — |
| Revenue YoY | 28.1% | 62.7% |
| Net Profit YoY | 57.2% | — |
| EPS (diluted) | $0.16 | $2.05 |
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 | $330.5M | $253.4M | ||
| Q3 25 | $310.7M | $244.7M | ||
| Q2 25 | $280.1M | $203.3M | ||
| Q1 25 | $275.2M | $174.6M | ||
| Q4 24 | $257.9M | $155.8M | ||
| Q3 24 | $231.6M | $148.5M | ||
| Q2 24 | $197.4M | $131.1M | ||
| Q1 24 | $184.9M | $118.5M |
| Q4 25 | $20.7M | — | ||
| Q3 25 | $17.7M | $51.5M | ||
| Q2 25 | $14.7M | $46.5M | ||
| Q1 25 | $13.8M | $42.9M | ||
| Q4 24 | $13.1M | — | ||
| Q3 24 | $14.4M | $30.5M | ||
| Q2 24 | $9.4M | $25.7M | ||
| Q1 24 | $7.2M | $26.4M |
| Q4 25 | 25.4% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.0% | — | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 29.8% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | 7.3% | 28.7% | ||
| Q3 25 | 6.4% | 27.4% | ||
| Q2 25 | 5.7% | 29.5% | ||
| Q1 25 | 5.7% | 30.8% | ||
| Q4 24 | 5.5% | 28.9% | ||
| Q3 24 | 5.2% | 25.9% | ||
| Q2 24 | 5.2% | 25.5% | ||
| Q1 24 | 4.5% | 29.0% |
| Q4 25 | 6.3% | — | ||
| Q3 25 | 5.7% | 21.0% | ||
| Q2 25 | 5.3% | 22.9% | ||
| Q1 25 | 5.0% | 24.6% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 6.2% | 20.5% | ||
| Q2 24 | 4.7% | 19.6% | ||
| Q1 24 | 3.9% | 22.3% |
| Q4 25 | $0.16 | $2.05 | ||
| Q3 25 | $0.14 | $1.87 | ||
| Q2 25 | $0.11 | $1.68 | ||
| Q1 25 | $0.11 | $1.57 | ||
| Q4 24 | $0.11 | $1.29 | ||
| Q3 24 | $0.11 | $1.15 | ||
| Q2 24 | $0.07 | $1.00 | ||
| Q1 24 | $0.06 | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $320.9M | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $560.4M | $942.7M |
| Total Assets | $667.9M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.9M | $106.9M | ||
| Q3 25 | $287.9M | $111.7M | ||
| Q2 25 | $266.4M | $81.3M | ||
| Q1 25 | $245.8M | $119.3M | ||
| Q4 24 | $205.9M | $80.4M | ||
| Q3 24 | $187.5M | $86.5M | ||
| Q2 24 | $188.8M | $47.8M | ||
| Q1 24 | $180.1M | $61.4M |
| Q4 25 | $560.4M | $942.7M | ||
| Q3 25 | $537.4M | $878.1M | ||
| Q2 25 | $516.7M | $847.2M | ||
| Q1 25 | $500.4M | $790.4M | ||
| Q4 24 | $485.6M | $729.0M | ||
| Q3 24 | $468.8M | $703.3M | ||
| Q2 24 | $451.6M | $532.6M | ||
| Q1 24 | $439.4M | $501.7M |
| Q4 25 | $667.9M | $3.1B | ||
| Q3 25 | $644.4M | $2.9B | ||
| Q2 25 | $609.5M | $2.8B | ||
| Q1 25 | $590.9M | $2.4B | ||
| Q4 24 | $576.2M | $2.3B | ||
| Q3 24 | $552.9M | $2.3B | ||
| Q2 24 | $527.7M | $2.0B | ||
| Q1 24 | $514.0M | $1.9B |
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 | $45.1M | $409.1M |
| Free Cash FlowOCF − Capex | $45.0M | $409.0M |
| FCF MarginFCF / Revenue | 13.6% | 161.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.8M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $409.1M | ||
| Q3 25 | $35.1M | $83.6M | ||
| Q2 25 | $31.5M | $120.9M | ||
| Q1 25 | $50.4M | $87.2M | ||
| Q4 24 | $27.9M | $261.2M | ||
| Q3 24 | $6.7M | $100.3M | ||
| Q2 24 | $18.0M | $55.1M | ||
| Q1 24 | $11.0M | $33.1M |
| Q4 25 | $45.0M | $409.0M | ||
| Q3 25 | $35.0M | $83.6M | ||
| Q2 25 | $31.4M | $120.8M | ||
| Q1 25 | $50.4M | $87.1M | ||
| Q4 24 | $27.8M | $260.9M | ||
| Q3 24 | $6.7M | $100.1M | ||
| Q2 24 | $17.8M | — | ||
| Q1 24 | $10.8M | — |
| Q4 25 | 13.6% | 161.4% | ||
| Q3 25 | 11.3% | 34.2% | ||
| Q2 25 | 11.2% | 59.4% | ||
| Q1 25 | 18.3% | 49.9% | ||
| Q4 24 | 10.8% | 167.5% | ||
| Q3 24 | 2.9% | 67.4% | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 5.9% | — |
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.0% | ||
| Q1 25 | 0.0% | 0.0% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q1 24 | 0.1% | 0.0% |
| Q4 25 | 2.18× | — | ||
| Q3 25 | 1.98× | 1.63× | ||
| Q2 25 | 2.14× | 2.60× | ||
| Q1 25 | 3.65× | 2.03× | ||
| Q4 24 | 2.12× | — | ||
| Q3 24 | 0.47× | 3.29× | ||
| Q2 24 | 1.93× | 2.14× | ||
| Q1 24 | 1.52× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
PLMR
Segment breakdown not available.
