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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and ServiceTitan, Inc. (TTAN). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $249.2M, roughly 1.6× ServiceTitan, Inc.). Paylocity Holding Corp runs the higher net margin — 13.0% vs -15.9%, a 28.8% gap on every dollar of revenue. On growth, ServiceTitan, Inc. posted the faster year-over-year revenue change (25.0% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $42.2M).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent holding company of Google and several former Google subsidiaries. Alphabet is listed on the large-cap section of the Nasdaq under the ticker symbols GOOGL and GOOG; both classes of stock are components of major stock market indices such as the S&P 500 and Nasdaq-100. Alphabet ha...
PCTY vs TTAN — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $249.2M |
| Net Profit | $50.2M | $-39.5M |
| Gross Margin | 72.9% | 70.8% |
| Operating Margin | 18.2% | -16.9% |
| Net Margin | 13.0% | -15.9% |
| Revenue YoY | 11.3% | 25.0% |
| Net Profit YoY | 34.0% | 14.9% |
| EPS (diluted) | $0.92 | $-0.42 |
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 | $249.2M | ||
| Q3 25 | $378.9M | $242.1M | ||
| Q2 25 | $369.9M | $215.7M | ||
| Q1 25 | $421.1M | $209.3M | ||
| Q4 24 | $347.7M | $199.3M | ||
| Q3 24 | $333.1M | — | ||
| Q2 24 | $324.7M | $170.3M | ||
| Q1 24 | $366.8M | — |
| Q4 25 | $50.2M | $-39.5M | ||
| Q3 25 | $48.0M | $-32.2M | ||
| Q2 25 | $48.6M | $-46.4M | ||
| Q1 25 | $91.5M | $-100.9M | ||
| Q4 24 | $37.5M | $-46.5M | ||
| Q3 24 | $49.6M | — | ||
| Q2 24 | $48.8M | $-56.0M | ||
| Q1 24 | $85.3M | — |
| Q4 25 | 72.9% | 70.8% | ||
| Q3 25 | 73.9% | 70.8% | ||
| Q2 25 | 73.5% | 68.8% | ||
| Q1 25 | 77.1% | 66.0% | ||
| Q4 24 | 72.6% | 65.2% | ||
| Q3 24 | 74.4% | — | ||
| Q2 24 | 74.0% | 62.2% | ||
| Q1 24 | 77.8% | — |
| Q4 25 | 18.2% | -16.9% | ||
| Q3 25 | 19.6% | -14.4% | ||
| Q2 25 | 17.9% | -23.0% | ||
| Q1 25 | 30.2% | -47.7% | ||
| Q4 24 | 13.4% | -22.1% | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 19.4% | -31.4% | ||
| Q1 24 | 29.0% | — |
| Q4 25 | 13.0% | -15.9% | ||
| Q3 25 | 12.7% | -13.3% | ||
| Q2 25 | 13.1% | -21.5% | ||
| Q1 25 | 21.7% | -48.2% | ||
| Q4 24 | 10.8% | -23.3% | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 15.0% | -32.9% | ||
| Q1 24 | 23.3% | — |
| Q4 25 | $0.92 | $-0.42 | ||
| Q3 25 | $0.86 | $-0.35 | ||
| Q2 25 | $0.87 | $-0.51 | ||
| Q1 25 | $1.61 | $-3.34 | ||
| Q4 24 | $0.66 | $-1.74 | ||
| Q3 24 | $0.88 | — | ||
| Q2 24 | $0.85 | $-2.02 | ||
| Q1 24 | $1.50 | — |
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 | $493.2M |
| Total DebtLower is stronger | $81.3M | $103.6M |
| Stockholders' EquityBook value | $1.1B | $1.5B |
| Total Assets | $7.0B | $1.8B |
| Debt / EquityLower = less leverage | 0.07× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | $493.2M | ||
| Q3 25 | $165.2M | $471.5M | ||
| Q2 25 | $398.1M | $420.3M | ||
| Q1 25 | $477.8M | $441.8M | ||
| Q4 24 | $482.4M | $133.8M | ||
| Q3 24 | $778.5M | — | ||
| Q2 24 | $401.8M | $116.2M | ||
| Q1 24 | $492.7M | — |
| Q4 25 | $81.3M | $103.6M | ||
| Q3 25 | $81.3M | $103.7M | ||
| Q2 25 | $162.5M | $103.9M | ||
| Q1 25 | $243.8M | $104.0M | ||
| Q4 24 | $325.0M | $174.2M | ||
| Q3 24 | $325.0M | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $-576.8M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | $-506.0M | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $7.0B | $1.8B | ||
| Q3 25 | $4.2B | $1.8B | ||
| Q2 25 | $4.4B | $1.7B | ||
| Q1 25 | $5.2B | $1.8B | ||
| Q4 24 | $5.3B | $1.5B | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $5.0B | — |
| Q4 25 | 0.07× | 0.07× | ||
| Q3 25 | 0.07× | 0.07× | ||
| Q2 25 | 0.13× | 0.07× | ||
| Q1 25 | 0.20× | 0.07× | ||
| 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 | $43.8M |
| Free Cash FlowOCF − Capex | $113.6M | $42.2M |
| FCF MarginFCF / Revenue | 29.4% | 16.9% |
| Capex IntensityCapex / Revenue | 0.9% | 0.6% |
| Cash ConversionOCF / Net Profit | 2.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $461.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.0M | $43.8M | ||
| Q3 25 | $86.5M | $40.3M | ||
| Q2 25 | $86.6M | $-14.6M | ||
| Q1 25 | $186.0M | — | ||
| Q4 24 | $54.2M | $15.5M | ||
| Q3 24 | $91.5M | — | ||
| Q2 24 | $79.9M | $-19.2M | ||
| Q1 24 | $167.5M | — |
| Q4 25 | $113.6M | $42.2M | ||
| Q3 25 | $82.7M | $39.2M | ||
| Q2 25 | $81.1M | $-15.9M | ||
| Q1 25 | $183.7M | — | ||
| Q4 24 | $51.2M | $14.5M | ||
| Q3 24 | $89.1M | — | ||
| Q2 24 | $73.6M | $-19.9M | ||
| Q1 24 | $162.0M | — |
| Q4 25 | 29.4% | 16.9% | ||
| Q3 25 | 21.8% | 16.2% | ||
| Q2 25 | 21.9% | -7.4% | ||
| Q1 25 | 43.6% | — | ||
| Q4 24 | 14.7% | 7.3% | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 22.7% | -11.7% | ||
| Q1 24 | 44.2% | — |
| Q4 25 | 0.9% | 0.6% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 1.5% | 0.6% | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.9% | 0.5% | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.9% | 0.4% | ||
| Q1 24 | 1.5% | — |
| 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% |
TTAN
| Subscription Revenue | $182.8M | 73% |
| Usage Revenue | $56.8M | 23% |
| Professional Services And Other Revenue | $9.6M | 4% |
