vs

Side-by-side financial comparison of Paychex (PAYX) and Reynolds Consumer Products Inc. (REYN). Click either name above to swap in a different company.

Paychex is the larger business by last-quarter revenue ($1.5B vs $1.0B, roughly 1.5× Reynolds Consumer Products Inc.). Paychex runs the higher net margin — 26.3% vs 11.4%, a 14.9% gap on every dollar of revenue. On growth, Paychex posted the faster year-over-year revenue change (17.4% vs 1.2%). Paychex produced more free cash flow last quarter ($382.8M vs $200.0M). Over the past eight quarters, Reynolds Consumer Products Inc.'s revenue compounded faster (11.4% CAGR vs 3.8%).

Paychex, Inc. is an American company that provides human resources, payroll, and employee benefits outsourcing services for small- to medium-sized businesses. Founded in 1971 and headquartered in Rochester, New York, the company has more than 100 offices serving approximately 800,000 payroll clients in the U.S. and Europe. Paychex is ranked 681st on the Fortune 500 list of largest corporations by revenue.

The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.

PAYX vs REYN — Head-to-Head

Bigger by revenue
PAYX
PAYX
1.5× larger
PAYX
$1.5B
$1.0B
REYN
Growing faster (revenue YoY)
PAYX
PAYX
+16.2% gap
PAYX
17.4%
1.2%
REYN
Higher net margin
PAYX
PAYX
14.9% more per $
PAYX
26.3%
11.4%
REYN
More free cash flow
PAYX
PAYX
$182.8M more FCF
PAYX
$382.8M
$200.0M
REYN
Faster 2-yr revenue CAGR
REYN
REYN
Annualised
REYN
11.4%
3.8%
PAYX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
PAYX
PAYX
REYN
REYN
Revenue
$1.5B
$1.0B
Net Profit
$395.4M
$118.0M
Gross Margin
72.6%
25.7%
Operating Margin
38.0%
14.8%
Net Margin
26.3%
11.4%
Revenue YoY
17.4%
1.2%
Net Profit YoY
-4.4%
-1.7%
EPS (diluted)
$1.10
$0.55

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
PAYX
PAYX
REYN
REYN
Q4 25
$1.5B
$1.0B
Q3 25
$1.5B
$931.0M
Q2 25
$1.4B
$938.0M
Q1 25
$1.5B
$818.0M
Q4 24
$1.3B
$1.0B
Q3 24
$1.3B
$910.0M
Q2 24
$1.3B
$930.0M
Q1 24
$1.4B
$833.0M
Net Profit
PAYX
PAYX
REYN
REYN
Q4 25
$395.4M
$118.0M
Q3 25
$383.8M
$79.0M
Q2 25
$297.2M
$73.0M
Q1 25
$519.3M
$31.0M
Q4 24
$413.4M
$120.0M
Q3 24
$427.4M
$86.0M
Q2 24
$379.9M
$97.0M
Q1 24
$498.6M
$49.0M
Gross Margin
PAYX
PAYX
REYN
REYN
Q4 25
72.6%
25.7%
Q3 25
72.3%
25.0%
Q2 25
71.5%
24.1%
Q1 25
73.6%
23.1%
Q4 24
70.4%
27.6%
Q3 24
70.3%
26.3%
Q2 24
70.1%
27.5%
Q1 24
72.8%
24.1%
Operating Margin
PAYX
PAYX
REYN
REYN
Q4 25
38.0%
14.8%
Q3 25
36.3%
11.0%
Q2 25
31.2%
10.2%
Q1 25
47.2%
5.1%
Q4 24
42.0%
15.5%
Q3 24
42.7%
12.4%
Q2 24
38.3%
12.4%
Q1 24
46.6%
7.8%
Net Margin
PAYX
PAYX
REYN
REYN
Q4 25
26.3%
11.4%
Q3 25
25.7%
8.5%
Q2 25
21.5%
7.8%
Q1 25
35.4%
3.8%
Q4 24
32.3%
11.7%
Q3 24
33.4%
9.5%
Q2 24
30.2%
10.4%
Q1 24
35.7%
5.9%
EPS (diluted)
PAYX
PAYX
REYN
REYN
Q4 25
$1.10
$0.55
Q3 25
$1.06
$0.38
Q2 25
$0.83
$0.35
Q1 25
$1.43
$0.15
Q4 24
$1.14
$0.57
Q3 24
$1.18
$0.41
Q2 24
$1.05
$0.46
Q1 24
$1.38
$0.23

Balance Sheet & Financial Strength

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

Metric
PAYX
PAYX
REYN
REYN
Cash + ST InvestmentsLiquidity on hand
$1.5B
$147.0M
Total DebtLower is stronger
$5.0B
$1.6B
Stockholders' EquityBook value
$3.9B
$2.3B
Total Assets
$16.5B
$4.9B
Debt / EquityLower = less leverage
1.28×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PAYX
PAYX
REYN
REYN
Q4 25
$1.5B
$147.0M
Q3 25
$1.7B
$53.0M
Q2 25
$1.7B
$57.0M
Q1 25
$1.6B
$58.0M
Q4 24
$1.2B
$137.0M
Q3 24
$1.5B
$96.0M
Q2 24
$1.5B
$101.0M
Q1 24
$1.7B
$135.0M
Total Debt
PAYX
PAYX
REYN
REYN
Q4 25
$5.0B
$1.6B
Q3 25
$5.0B
$1.6B
Q2 25
$4.9B
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$798.6M
$1.8B
Q1 24
$1.8B
Stockholders' Equity
PAYX
PAYX
REYN
REYN
Q4 25
$3.9B
$2.3B
Q3 25
$4.0B
$2.2B
Q2 25
$4.1B
$2.1B
Q1 25
$4.1B
$2.1B
Q4 24
$3.9B
$2.1B
Q3 24
$3.9B
$2.1B
Q2 24
$3.8B
$2.0B
Q1 24
$3.7B
$2.0B
Total Assets
PAYX
PAYX
REYN
REYN
Q4 25
$16.5B
$4.9B
Q3 25
$16.7B
$4.9B
Q2 25
$16.6B
$4.9B
Q1 25
$11.2B
$4.8B
Q4 24
$10.6B
$4.9B
Q3 24
$10.5B
$4.8B
Q2 24
$10.4B
$4.9B
Q1 24
$13.0B
$4.9B
Debt / Equity
PAYX
PAYX
REYN
REYN
Q4 25
1.28×
0.70×
Q3 25
1.25×
0.75×
Q2 25
1.20×
0.76×
Q1 25
0.77×
Q4 24
0.79×
Q3 24
0.84×
Q2 24
0.21×
0.87×
Q1 24
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PAYX
PAYX
REYN
REYN
Operating Cash FlowLast quarter
$444.9M
$237.0M
Free Cash FlowOCF − Capex
$382.8M
$200.0M
FCF MarginFCF / Revenue
25.5%
19.3%
Capex IntensityCapex / Revenue
4.1%
3.6%
Cash ConversionOCF / Net Profit
1.13×
2.01×
TTM Free Cash FlowTrailing 4 quarters
$2.0B
$316.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PAYX
PAYX
REYN
REYN
Q4 25
$444.9M
$237.0M
Q3 25
$718.4M
$93.0M
Q2 25
$343.8M
$91.0M
Q1 25
$716.0M
$56.0M
Q4 24
$295.0M
$182.0M
Q3 24
$546.1M
$124.0M
Q2 24
$221.7M
$84.0M
Q1 24
$671.7M
$99.0M
Free Cash Flow
PAYX
PAYX
REYN
REYN
Q4 25
$382.8M
$200.0M
Q3 25
$662.5M
$48.0M
Q2 25
$283.3M
$51.0M
Q1 25
$667.3M
$17.0M
Q4 24
$248.0M
$141.0M
Q3 24
$510.5M
$93.0M
Q2 24
$180.4M
$65.0M
Q1 24
$631.0M
$70.0M
FCF Margin
PAYX
PAYX
REYN
REYN
Q4 25
25.5%
19.3%
Q3 25
44.4%
5.2%
Q2 25
20.5%
5.4%
Q1 25
45.5%
2.1%
Q4 24
19.4%
13.8%
Q3 24
39.9%
10.2%
Q2 24
14.4%
7.0%
Q1 24
45.2%
8.4%
Capex Intensity
PAYX
PAYX
REYN
REYN
Q4 25
4.1%
3.6%
Q3 25
3.7%
4.8%
Q2 25
4.4%
4.3%
Q1 25
3.3%
4.8%
Q4 24
3.7%
4.0%
Q3 24
2.8%
3.4%
Q2 24
3.3%
2.0%
Q1 24
2.9%
3.5%
Cash Conversion
PAYX
PAYX
REYN
REYN
Q4 25
1.13×
2.01×
Q3 25
1.87×
1.18×
Q2 25
1.16×
1.25×
Q1 25
1.38×
1.81×
Q4 24
0.71×
1.52×
Q3 24
1.28×
1.44×
Q2 24
0.58×
0.87×
Q1 24
1.35×
2.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PAYX
PAYX

Management Solutions$1.2B78%
Peo And Insurance Solutions$336.9M22%

REYN
REYN

Reynolds Cooking And Baking$397.0M38%
Hefty Waste And Storage$247.0M24%
Tableware Products$229.0M22%
Presto Products$164.0M16%

Related Comparisons