vs
Side-by-side financial comparison of Paymentus Holdings, Inc. (PAY) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $330.5M, roughly 1.5× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -9.3%, a 15.5% gap on every dollar of revenue. Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $37.1M).
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.
PAY vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $330.5M | $508.3M |
| Net Profit | $20.7M | $-47.2M |
| Gross Margin | 25.4% | 35.2% |
| Operating Margin | 7.3% | -3.8% |
| Net Margin | 6.3% | -9.3% |
| Revenue YoY | 28.1% | — |
| Net Profit YoY | 57.2% | — |
| EPS (diluted) | $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 | $330.5M | $508.3M | ||
| Q3 25 | $310.7M | $473.9M | ||
| Q2 25 | $280.1M | $313.9M | ||
| Q1 25 | $275.2M | $234.2M | ||
| Q4 24 | $257.9M | — | ||
| Q3 24 | $231.6M | — | ||
| Q2 24 | $197.4M | — | ||
| Q1 24 | $184.9M | — |
| Q4 25 | $20.7M | $-47.2M | ||
| Q3 25 | $17.7M | $-13.9M | ||
| Q2 25 | $14.7M | $-233.0K | ||
| Q1 25 | $13.8M | $-25.8M | ||
| Q4 24 | $13.1M | — | ||
| Q3 24 | $14.4M | — | ||
| Q2 24 | $9.4M | — | ||
| Q1 24 | $7.2M | — |
| Q4 25 | 25.4% | 35.2% | ||
| Q3 25 | 24.1% | 32.2% | ||
| Q2 25 | 25.5% | 23.6% | ||
| Q1 25 | 24.0% | 18.6% | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 29.8% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | 7.3% | -3.8% | ||
| Q3 25 | 6.4% | -1.4% | ||
| Q2 25 | 5.7% | 5.8% | ||
| Q1 25 | 5.7% | -4.0% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 4.5% | — |
| Q4 25 | 6.3% | -9.3% | ||
| Q3 25 | 5.7% | -2.9% | ||
| Q2 25 | 5.3% | -0.1% | ||
| Q1 25 | 5.0% | -11.0% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 3.9% | — |
| Q4 25 | $0.16 | — | ||
| Q3 25 | $0.14 | $-0.08 | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $0.11 | — | ||
| Q4 24 | $0.11 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $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 | $320.9M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $560.4M | $2.2B |
| Total Assets | $667.9M | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.9M | $439.5M | ||
| Q3 25 | $287.9M | $164.4M | ||
| Q2 25 | $266.4M | $130.1M | ||
| Q1 25 | $245.8M | $155.7M | ||
| Q4 24 | $205.9M | — | ||
| Q3 24 | $187.5M | — | ||
| Q2 24 | $188.8M | — | ||
| Q1 24 | $180.1M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $560.4M | $2.2B | ||
| Q3 25 | $537.4M | $2.0B | ||
| Q2 25 | $516.7M | $1.2B | ||
| Q1 25 | $500.4M | $1.1B | ||
| Q4 24 | $485.6M | — | ||
| Q3 24 | $468.8M | — | ||
| Q2 24 | $451.6M | — | ||
| Q1 24 | $439.4M | — |
| Q4 25 | $667.9M | $4.4B | ||
| Q3 25 | $644.4M | $4.2B | ||
| Q2 25 | $609.5M | $2.2B | ||
| Q1 25 | $590.9M | $2.2B | ||
| Q4 24 | $576.2M | — | ||
| Q3 24 | $552.9M | — | ||
| Q2 24 | $527.7M | — | ||
| Q1 24 | $514.0M | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $45.1M | $49.7M |
| Free Cash FlowOCF − Capex | $45.0M | $37.1M |
| FCF MarginFCF / Revenue | 13.6% | 7.3% |
| Capex IntensityCapex / Revenue | 0.0% | 2.5% |
| Cash ConversionOCF / Net Profit | 2.18× | — |
| TTM Free Cash FlowTrailing 4 quarters | $161.8M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $49.7M | ||
| Q3 25 | $35.1M | $19.0M | ||
| Q2 25 | $31.5M | $-6.5M | ||
| Q1 25 | $50.4M | $32.8M | ||
| Q4 24 | $27.9M | — | ||
| Q3 24 | $6.7M | — | ||
| Q2 24 | $18.0M | — | ||
| Q1 24 | $11.0M | — |
| Q4 25 | $45.0M | $37.1M | ||
| Q3 25 | $35.0M | $10.3M | ||
| Q2 25 | $31.4M | $-14.5M | ||
| Q1 25 | $50.4M | $28.3M | ||
| Q4 24 | $27.8M | — | ||
| Q3 24 | $6.7M | — | ||
| Q2 24 | $17.8M | — | ||
| Q1 24 | $10.8M | — |
| Q4 25 | 13.6% | 7.3% | ||
| Q3 25 | 11.3% | 2.2% | ||
| Q2 25 | 11.2% | -4.6% | ||
| Q1 25 | 18.3% | 12.1% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 5.9% | — |
| Q4 25 | 0.0% | 2.5% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.0% | 2.6% | ||
| Q1 25 | 0.0% | 1.9% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 2.18× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 2.14× | — | ||
| Q1 25 | 3.65× | — | ||
| Q4 24 | 2.12× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 1.93× | — | ||
| Q1 24 | 1.52× | — |
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% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
