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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $376.9M, roughly 1.0× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
PCTY vs TRUP — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $376.9M |
| Net Profit | $50.2M | — |
| Gross Margin | 72.9% | 17.3% |
| Operating Margin | 18.2% | 1.9% |
| Net Margin | 13.0% | — |
| Revenue YoY | 11.3% | 11.7% |
| Net Profit YoY | 34.0% | — |
| EPS (diluted) | $0.92 | $0.13 |
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 | $376.9M | ||
| Q3 25 | $378.9M | $366.9M | ||
| Q2 25 | $369.9M | $353.6M | ||
| Q1 25 | $421.1M | $342.0M | ||
| Q4 24 | $347.7M | $337.3M | ||
| Q3 24 | $333.1M | $327.5M | ||
| Q2 24 | $324.7M | $314.8M | ||
| Q1 24 | $366.8M | $306.1M |
| Q4 25 | $50.2M | — | ||
| Q3 25 | $48.0M | — | ||
| Q2 25 | $48.6M | — | ||
| Q1 25 | $91.5M | — | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $49.6M | — | ||
| Q2 24 | $48.8M | — | ||
| Q1 24 | $85.3M | — |
| Q4 25 | 72.9% | 17.3% | ||
| Q3 25 | 73.9% | 16.4% | ||
| Q2 25 | 73.5% | 15.5% | ||
| Q1 25 | 77.1% | 14.9% | ||
| Q4 24 | 72.6% | 15.7% | ||
| Q3 24 | 74.4% | 15.1% | ||
| Q2 24 | 74.0% | 12.8% | ||
| Q1 24 | 77.8% | 11.8% |
| Q4 25 | 18.2% | 1.9% | ||
| Q3 25 | 19.6% | 1.6% | ||
| Q2 25 | 17.9% | 0.7% | ||
| Q1 25 | 30.2% | -0.4% | ||
| Q4 24 | 13.4% | 0.1% | ||
| Q3 24 | 19.3% | 0.5% | ||
| Q2 24 | 19.4% | -1.7% | ||
| Q1 24 | 29.0% | -2.0% |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 21.7% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 15.0% | — | ||
| Q1 24 | 23.3% | — |
| Q4 25 | $0.92 | $0.13 | ||
| Q3 25 | $0.86 | $0.13 | ||
| Q2 25 | $0.87 | $0.22 | ||
| Q1 25 | $1.61 | $-0.03 | ||
| Q4 24 | $0.66 | $0.04 | ||
| Q3 24 | $0.88 | $0.03 | ||
| Q2 24 | $0.85 | $-0.14 | ||
| Q1 24 | $1.50 | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | $81.3M | $101.8M |
| Stockholders' EquityBook value | $1.1B | $383.9M |
| Total Assets | $7.0B | $915.0M |
| Debt / EquityLower = less leverage | 0.07× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | $370.7M | ||
| Q3 25 | $165.2M | $348.5M | ||
| Q2 25 | $398.1M | $319.6M | ||
| Q1 25 | $477.8M | $321.8M | ||
| Q4 24 | $482.4M | $307.4M | ||
| Q3 24 | $778.5M | $293.1M | ||
| Q2 24 | $401.8M | $277.2M | ||
| Q1 24 | $492.7M | $275.2M |
| Q4 25 | $81.3M | $101.8M | ||
| Q3 25 | $81.3M | — | ||
| Q2 25 | $162.5M | — | ||
| Q1 25 | $243.8M | — | ||
| Q4 24 | $325.0M | $127.5M | ||
| Q3 24 | $325.0M | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $383.9M | ||
| Q3 25 | $1.1B | $368.6M | ||
| Q2 25 | $1.2B | $355.5M | ||
| Q1 25 | $1.2B | $333.7M | ||
| Q4 24 | $1.2B | $323.3M | ||
| Q3 24 | $1.1B | $320.2M | ||
| Q2 24 | $1.0B | $305.8M | ||
| Q1 24 | $1.1B | $303.4M |
| Q4 25 | $7.0B | $915.0M | ||
| Q3 25 | $4.2B | $880.2M | ||
| Q2 25 | $4.4B | $847.8M | ||
| Q1 25 | $5.2B | $837.2M | ||
| Q4 24 | $5.3B | $806.9M | ||
| Q3 24 | $4.0B | $816.1M | ||
| Q2 24 | $4.2B | $795.9M | ||
| Q1 24 | $5.0B | $789.5M |
| Q4 25 | 0.07× | 0.27× | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.28× | 0.39× | ||
| 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 | $29.3M |
| Free Cash FlowOCF − Capex | $113.6M | $25.3M |
| FCF MarginFCF / Revenue | 29.4% | 6.7% |
| Capex IntensityCapex / Revenue | 0.9% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $461.1M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.0M | $29.3M | ||
| Q3 25 | $86.5M | $29.2M | ||
| Q2 25 | $86.6M | $15.0M | ||
| Q1 25 | $186.0M | $16.0M | ||
| Q4 24 | $54.2M | $23.7M | ||
| Q3 24 | $91.5M | $15.3M | ||
| Q2 24 | $79.9M | $6.9M | ||
| Q1 24 | $167.5M | $2.4M |
| Q4 25 | $113.6M | $25.3M | ||
| Q3 25 | $82.7M | $23.9M | ||
| Q2 25 | $81.1M | $12.0M | ||
| Q1 25 | $183.7M | $14.0M | ||
| Q4 24 | $51.2M | $21.8M | ||
| Q3 24 | $89.1M | $13.4M | ||
| Q2 24 | $73.6M | $4.0M | ||
| Q1 24 | $162.0M | $-631.0K |
| Q4 25 | 29.4% | 6.7% | ||
| Q3 25 | 21.8% | 6.5% | ||
| Q2 25 | 21.9% | 3.4% | ||
| Q1 25 | 43.6% | 4.1% | ||
| Q4 24 | 14.7% | 6.5% | ||
| Q3 24 | 26.8% | 4.1% | ||
| Q2 24 | 22.7% | 1.3% | ||
| Q1 24 | 44.2% | -0.2% |
| Q4 25 | 0.9% | 1.0% | ||
| Q3 25 | 1.0% | 1.4% | ||
| Q2 25 | 1.5% | 0.8% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | 0.9% | 0.6% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | 1.9% | 0.9% | ||
| Q1 24 | 1.5% | 1.0% |
| Q4 25 | 2.33× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 1.78× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 1.64× | — | ||
| Q1 24 | 1.96× | — |
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% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
