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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $253.4M, roughly 1.5× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 11.3%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $113.6M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
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.
PCTY vs PLMR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $253.4M |
| Net Profit | $50.2M | — |
| Gross Margin | 72.9% | — |
| Operating Margin | 18.2% | 28.7% |
| Net Margin | 13.0% | — |
| Revenue YoY | 11.3% | 62.7% |
| Net Profit YoY | 34.0% | — |
| EPS (diluted) | $0.92 | $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 | $387.0M | $253.4M | ||
| Q3 25 | $378.9M | $244.7M | ||
| Q2 25 | $369.9M | $203.3M | ||
| Q1 25 | $421.1M | $174.6M | ||
| Q4 24 | $347.7M | $155.8M | ||
| Q3 24 | $333.1M | $148.5M | ||
| Q2 24 | $324.7M | $131.1M | ||
| Q1 24 | $366.8M | $118.5M |
| Q4 25 | $50.2M | — | ||
| Q3 25 | $48.0M | $51.5M | ||
| Q2 25 | $48.6M | $46.5M | ||
| Q1 25 | $91.5M | $42.9M | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $49.6M | $30.5M | ||
| Q2 24 | $48.8M | $25.7M | ||
| Q1 24 | $85.3M | $26.4M |
| 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 | 18.2% | 28.7% | ||
| Q3 25 | 19.6% | 27.4% | ||
| Q2 25 | 17.9% | 29.5% | ||
| Q1 25 | 30.2% | 30.8% | ||
| Q4 24 | 13.4% | 28.9% | ||
| Q3 24 | 19.3% | 25.9% | ||
| Q2 24 | 19.4% | 25.5% | ||
| Q1 24 | 29.0% | 29.0% |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 12.7% | 21.0% | ||
| Q2 25 | 13.1% | 22.9% | ||
| Q1 25 | 21.7% | 24.6% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 14.9% | 20.5% | ||
| Q2 24 | 15.0% | 19.6% | ||
| Q1 24 | 23.3% | 22.3% |
| Q4 25 | $0.92 | $2.05 | ||
| Q3 25 | $0.86 | $1.87 | ||
| Q2 25 | $0.87 | $1.68 | ||
| Q1 25 | $1.61 | $1.57 | ||
| Q4 24 | $0.66 | $1.29 | ||
| Q3 24 | $0.88 | $1.15 | ||
| Q2 24 | $0.85 | $1.00 | ||
| Q1 24 | $1.50 | $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 | $162.5M | $106.9M |
| Total DebtLower is stronger | $81.3M | — |
| Stockholders' EquityBook value | $1.1B | $942.7M |
| Total Assets | $7.0B | $3.1B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | $106.9M | ||
| Q3 25 | $165.2M | $111.7M | ||
| Q2 25 | $398.1M | $81.3M | ||
| Q1 25 | $477.8M | $119.3M | ||
| Q4 24 | $482.4M | $80.4M | ||
| Q3 24 | $778.5M | $86.5M | ||
| Q2 24 | $401.8M | $47.8M | ||
| Q1 24 | $492.7M | $61.4M |
| 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 | $1.1B | $942.7M | ||
| Q3 25 | $1.1B | $878.1M | ||
| Q2 25 | $1.2B | $847.2M | ||
| Q1 25 | $1.2B | $790.4M | ||
| Q4 24 | $1.2B | $729.0M | ||
| Q3 24 | $1.1B | $703.3M | ||
| Q2 24 | $1.0B | $532.6M | ||
| Q1 24 | $1.1B | $501.7M |
| Q4 25 | $7.0B | $3.1B | ||
| Q3 25 | $4.2B | $2.9B | ||
| Q2 25 | $4.4B | $2.8B | ||
| Q1 25 | $5.2B | $2.4B | ||
| Q4 24 | $5.3B | $2.3B | ||
| Q3 24 | $4.0B | $2.3B | ||
| Q2 24 | $4.2B | $2.0B | ||
| Q1 24 | $5.0B | $1.9B |
| 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 | $117.0M | $409.1M |
| Free Cash FlowOCF − Capex | $113.6M | $409.0M |
| FCF MarginFCF / Revenue | 29.4% | 161.4% |
| Capex IntensityCapex / Revenue | 0.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $461.1M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.0M | $409.1M | ||
| Q3 25 | $86.5M | $83.6M | ||
| Q2 25 | $86.6M | $120.9M | ||
| Q1 25 | $186.0M | $87.2M | ||
| Q4 24 | $54.2M | $261.2M | ||
| Q3 24 | $91.5M | $100.3M | ||
| Q2 24 | $79.9M | $55.1M | ||
| Q1 24 | $167.5M | $33.1M |
| Q4 25 | $113.6M | $409.0M | ||
| Q3 25 | $82.7M | $83.6M | ||
| Q2 25 | $81.1M | $120.8M | ||
| Q1 25 | $183.7M | $87.1M | ||
| Q4 24 | $51.2M | $260.9M | ||
| Q3 24 | $89.1M | $100.1M | ||
| Q2 24 | $73.6M | — | ||
| Q1 24 | $162.0M | — |
| Q4 25 | 29.4% | 161.4% | ||
| Q3 25 | 21.8% | 34.2% | ||
| Q2 25 | 21.9% | 59.4% | ||
| Q1 25 | 43.6% | 49.9% | ||
| Q4 24 | 14.7% | 167.5% | ||
| Q3 24 | 26.8% | 67.4% | ||
| Q2 24 | 22.7% | — | ||
| Q1 24 | 44.2% | — |
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | 0.5% | 0.0% | ||
| Q4 24 | 0.9% | 0.2% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 1.9% | 0.0% | ||
| Q1 24 | 1.5% | 0.0% |
| Q4 25 | 2.33× | — | ||
| Q3 25 | 1.80× | 1.63× | ||
| Q2 25 | 1.78× | 2.60× | ||
| Q1 25 | 2.03× | 2.03× | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 1.84× | 3.29× | ||
| Q2 24 | 1.64× | 2.14× | ||
| Q1 24 | 1.96× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
PLMR
Segment breakdown not available.
