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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $260.4M, roughly 1.5× Smith Douglas Homes Corp.). Paylocity Holding Corp runs the higher net margin — 13.0% vs 1.4%, a 11.6% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -9.4%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PCTY vs SDHC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $260.4M |
| Net Profit | $50.2M | $3.5M |
| Gross Margin | 72.9% | 19.9% |
| Operating Margin | 18.2% | 6.5% |
| Net Margin | 13.0% | 1.4% |
| Revenue YoY | 11.3% | -9.4% |
| Net Profit YoY | 34.0% | -14.3% |
| EPS (diluted) | $0.92 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $378.9M | $262.0M | ||
| Q2 25 | $369.9M | $223.9M | ||
| Q1 25 | $421.1M | $224.7M | ||
| Q4 24 | $347.7M | $287.5M | ||
| Q3 24 | $333.1M | $277.8M | ||
| Q2 24 | $324.7M | $220.9M | ||
| Q1 24 | $366.8M | $189.2M |
| Q4 25 | $50.2M | $3.5M | ||
| Q3 25 | $48.0M | $2.1M | ||
| Q2 25 | $48.6M | $2.4M | ||
| Q1 25 | $91.5M | $2.7M | ||
| Q4 24 | $37.5M | $4.1M | ||
| Q3 24 | $49.6M | $5.3M | ||
| Q2 24 | $48.8M | $3.6M | ||
| Q1 24 | $85.3M | $3.0M |
| Q4 25 | 72.9% | 19.9% | ||
| Q3 25 | 73.9% | 21.0% | ||
| Q2 25 | 73.5% | 23.2% | ||
| Q1 25 | 77.1% | 23.8% | ||
| Q4 24 | 72.6% | 25.5% | ||
| Q3 24 | 74.4% | 26.5% | ||
| Q2 24 | 74.0% | 26.7% | ||
| Q1 24 | 77.8% | 26.1% |
| Q4 25 | 18.2% | 6.5% | ||
| Q3 25 | 19.6% | 6.6% | ||
| Q2 25 | 17.9% | 7.7% | ||
| Q1 25 | 30.2% | 8.7% | ||
| Q4 24 | 13.4% | 10.4% | ||
| Q3 24 | 19.3% | 14.2% | ||
| Q2 24 | 19.4% | 11.7% | ||
| Q1 24 | 29.0% | 11.3% |
| Q4 25 | 13.0% | 1.4% | ||
| Q3 25 | 12.7% | 0.8% | ||
| Q2 25 | 13.1% | 1.1% | ||
| Q1 25 | 21.7% | 1.2% | ||
| Q4 24 | 10.8% | 1.4% | ||
| Q3 24 | 14.9% | 1.9% | ||
| Q2 24 | 15.0% | 1.7% | ||
| Q1 24 | 23.3% | 1.6% |
| Q4 25 | $0.92 | $0.39 | ||
| Q3 25 | $0.86 | $0.24 | ||
| Q2 25 | $0.87 | $0.26 | ||
| Q1 25 | $1.61 | $0.30 | ||
| Q4 24 | $0.66 | $0.50 | ||
| Q3 24 | $0.88 | $0.58 | ||
| Q2 24 | $0.85 | $0.40 | ||
| Q1 24 | $1.50 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $81.3M | — |
| Stockholders' EquityBook value | $1.1B | $86.7M |
| Total Assets | $7.0B | $557.6M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | $12.7M | ||
| Q3 25 | $165.2M | $14.8M | ||
| Q2 25 | $398.1M | $16.8M | ||
| Q1 25 | $477.8M | $12.7M | ||
| Q4 24 | $482.4M | $22.4M | ||
| Q3 24 | $778.5M | $23.7M | ||
| Q2 24 | $401.8M | $17.3M | ||
| Q1 24 | $492.7M | $32.8M |
| 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 | $86.7M | ||
| Q3 25 | $1.1B | $82.2M | ||
| Q2 25 | $1.2B | $80.0M | ||
| Q1 25 | $1.2B | $76.9M | ||
| Q4 24 | $1.2B | $73.6M | ||
| Q3 24 | $1.1B | $68.4M | ||
| Q2 24 | $1.0B | $62.1M | ||
| Q1 24 | $1.1B | $59.7M |
| Q4 25 | $7.0B | $557.6M | ||
| Q3 25 | $4.2B | $571.6M | ||
| Q2 25 | $4.4B | $570.2M | ||
| Q1 25 | $5.2B | $513.9M | ||
| Q4 24 | $5.3B | $475.9M | ||
| Q3 24 | $4.0B | $460.1M | ||
| Q2 24 | $4.2B | $429.3M | ||
| Q1 24 | $5.0B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $113.6M | $8.7M |
| FCF MarginFCF / Revenue | 29.4% | 3.4% |
| Capex IntensityCapex / Revenue | 0.9% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.33× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $461.1M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.0M | $9.8M | ||
| Q3 25 | $86.5M | $22.8M | ||
| Q2 25 | $86.6M | $-28.9M | ||
| Q1 25 | $186.0M | $-34.9M | ||
| Q4 24 | $54.2M | $5.5M | ||
| Q3 24 | $91.5M | $22.9M | ||
| Q2 24 | $79.9M | $39.0K | ||
| Q1 24 | $167.5M | $-9.3M |
| Q4 25 | $113.6M | $8.7M | ||
| Q3 25 | $82.7M | $21.4M | ||
| Q2 25 | $81.1M | $-31.1M | ||
| Q1 25 | $183.7M | $-35.9M | ||
| Q4 24 | $51.2M | $4.8M | ||
| Q3 24 | $89.1M | $22.3M | ||
| Q2 24 | $73.6M | $-2.1M | ||
| Q1 24 | $162.0M | $-9.7M |
| Q4 25 | 29.4% | 3.4% | ||
| Q3 25 | 21.8% | 8.2% | ||
| Q2 25 | 21.9% | -13.9% | ||
| Q1 25 | 43.6% | -16.0% | ||
| Q4 24 | 14.7% | 1.7% | ||
| Q3 24 | 26.8% | 8.0% | ||
| Q2 24 | 22.7% | -1.0% | ||
| Q1 24 | 44.2% | -5.1% |
| Q4 25 | 0.9% | 0.4% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 1.5% | 0.9% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | 0.9% | 0.2% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 1.9% | 1.0% | ||
| Q1 24 | 1.5% | 0.2% |
| Q4 25 | 2.33× | 2.77× | ||
| Q3 25 | 1.80× | 10.70× | ||
| Q2 25 | 1.78× | -12.24× | ||
| Q1 25 | 2.03× | -13.01× | ||
| Q4 24 | 1.45× | 1.33× | ||
| Q3 24 | 1.84× | 4.28× | ||
| Q2 24 | 1.64× | 0.01× | ||
| Q1 24 | 1.96× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
