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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.

Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $220.8M, roughly 1.8× UNIVERSAL TECHNICAL INSTITUTE INC). Paylocity Holding Corp runs the higher net margin — 13.0% vs 5.8%, a 7.2% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 9.6%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% CAGR vs 2.7%).

Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.

Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.

PCTY vs UTI — Head-to-Head

Bigger by revenue
PCTY
PCTY
1.8× larger
PCTY
$387.0M
$220.8M
UTI
Growing faster (revenue YoY)
PCTY
PCTY
+1.7% gap
PCTY
11.3%
9.6%
UTI
Higher net margin
PCTY
PCTY
7.2% more per $
PCTY
13.0%
5.8%
UTI
More free cash flow
PCTY
PCTY
$132.8M more FCF
PCTY
$113.6M
$-19.2M
UTI
Faster 2-yr revenue CAGR
UTI
UTI
Annualised
UTI
9.5%
2.7%
PCTY

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
PCTY
PCTY
UTI
UTI
Revenue
$387.0M
$220.8M
Net Profit
$50.2M
$12.8M
Gross Margin
72.9%
Operating Margin
18.2%
7.1%
Net Margin
13.0%
5.8%
Revenue YoY
11.3%
9.6%
Net Profit YoY
34.0%
-42.1%
EPS (diluted)
$0.92
$0.23

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
PCTY
PCTY
UTI
UTI
Q4 25
$387.0M
$220.8M
Q3 25
$378.9M
$222.4M
Q2 25
$369.9M
$204.3M
Q1 25
$421.1M
$207.4M
Q4 24
$347.7M
$201.4M
Q3 24
$333.1M
$196.4M
Q2 24
$324.7M
$177.5M
Q1 24
$366.8M
$184.2M
Net Profit
PCTY
PCTY
UTI
UTI
Q4 25
$50.2M
$12.8M
Q3 25
$48.0M
$18.8M
Q2 25
$48.6M
$10.7M
Q1 25
$91.5M
$11.4M
Q4 24
$37.5M
$22.2M
Q3 24
$49.6M
$18.8M
Q2 24
$48.8M
$5.0M
Q1 24
$85.3M
$7.8M
Gross Margin
PCTY
PCTY
UTI
UTI
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%
Operating Margin
PCTY
PCTY
UTI
UTI
Q4 25
18.2%
7.1%
Q3 25
19.6%
11.2%
Q2 25
17.9%
6.9%
Q1 25
30.2%
8.1%
Q4 24
13.4%
13.6%
Q3 24
19.3%
13.3%
Q2 24
19.4%
4.2%
Q1 24
29.0%
6.1%
Net Margin
PCTY
PCTY
UTI
UTI
Q4 25
13.0%
5.8%
Q3 25
12.7%
8.4%
Q2 25
13.1%
5.2%
Q1 25
21.7%
5.5%
Q4 24
10.8%
11.0%
Q3 24
14.9%
9.6%
Q2 24
15.0%
2.8%
Q1 24
23.3%
4.2%
EPS (diluted)
PCTY
PCTY
UTI
UTI
Q4 25
$0.92
$0.23
Q3 25
$0.86
$0.33
Q2 25
$0.87
$0.19
Q1 25
$1.61
$0.21
Q4 24
$0.66
$0.40
Q3 24
$0.88
$0.35
Q2 24
$0.85
$0.09
Q1 24
$1.50
$0.14

Balance Sheet & Financial Strength

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

Metric
PCTY
PCTY
UTI
UTI
Cash + ST InvestmentsLiquidity on hand
$162.5M
$162.8M
Total DebtLower is stronger
$81.3M
$101.4M
Stockholders' EquityBook value
$1.1B
$335.9M
Total Assets
$7.0B
$834.0M
Debt / EquityLower = less leverage
0.07×
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCTY
PCTY
UTI
UTI
Q4 25
$162.5M
$162.8M
Q3 25
$165.2M
$169.1M
Q2 25
$398.1M
$70.7M
Q1 25
$477.8M
$96.0M
Q4 24
$482.4M
$172.0M
Q3 24
$778.5M
$161.9M
Q2 24
$401.8M
$115.5M
Q1 24
$492.7M
$116.1M
Total Debt
PCTY
PCTY
UTI
UTI
Q4 25
$81.3M
$101.4M
Q3 25
$81.3M
$87.1M
Q2 25
$162.5M
$73.8M
Q1 25
$243.8M
$94.4M
Q4 24
$325.0M
$120.1M
Q3 24
$325.0M
$125.7M
Q2 24
$0
$137.3M
Q1 24
$141.9M
Stockholders' Equity
PCTY
PCTY
UTI
UTI
Q4 25
$1.1B
$335.9M
Q3 25
$1.1B
$328.1M
Q2 25
$1.2B
$306.8M
Q1 25
$1.2B
$293.9M
Q4 24
$1.2B
$280.0M
Q3 24
$1.1B
$260.2M
Q2 24
$1.0B
$239.4M
Q1 24
$1.1B
$232.6M
Total Assets
PCTY
PCTY
UTI
UTI
Q4 25
$7.0B
$834.0M
Q3 25
$4.2B
$826.1M
Q2 25
$4.4B
$740.8M
Q1 25
$5.2B
$720.4M
Q4 24
$5.3B
$753.8M
Q3 24
$4.0B
$744.6M
Q2 24
$4.2B
$706.0M
Q1 24
$5.0B
$702.1M
Debt / Equity
PCTY
PCTY
UTI
UTI
Q4 25
0.07×
0.30×
Q3 25
0.07×
0.27×
Q2 25
0.13×
0.24×
Q1 25
0.20×
0.32×
Q4 24
0.28×
0.43×
Q3 24
0.29×
0.48×
Q2 24
0.00×
0.57×
Q1 24
0.61×

Cash Flow & Capital Efficiency

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

Metric
PCTY
PCTY
UTI
UTI
Operating Cash FlowLast quarter
$117.0M
$3.1M
Free Cash FlowOCF − Capex
$113.6M
$-19.2M
FCF MarginFCF / Revenue
29.4%
-8.7%
Capex IntensityCapex / Revenue
0.9%
10.1%
Cash ConversionOCF / Net Profit
2.33×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$461.1M
$16.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCTY
PCTY
UTI
UTI
Q4 25
$117.0M
$3.1M
Q3 25
$86.5M
$57.1M
Q2 25
$86.6M
$18.1M
Q1 25
$186.0M
$-789.0K
Q4 24
$54.2M
$23.0M
Q3 24
$91.5M
$67.5M
Q2 24
$79.9M
$10.0M
Q1 24
$167.5M
$-2.5M
Free Cash Flow
PCTY
PCTY
UTI
UTI
Q4 25
$113.6M
$-19.2M
Q3 25
$82.7M
$40.6M
Q2 25
$81.1M
$6.8M
Q1 25
$183.7M
$-11.7M
Q4 24
$51.2M
$19.6M
Q3 24
$89.1M
$60.0M
Q2 24
$73.6M
$3.0M
Q1 24
$162.0M
$-8.4M
FCF Margin
PCTY
PCTY
UTI
UTI
Q4 25
29.4%
-8.7%
Q3 25
21.8%
18.3%
Q2 25
21.9%
3.4%
Q1 25
43.6%
-5.7%
Q4 24
14.7%
9.7%
Q3 24
26.8%
30.6%
Q2 24
22.7%
1.7%
Q1 24
44.2%
-4.6%
Capex Intensity
PCTY
PCTY
UTI
UTI
Q4 25
0.9%
10.1%
Q3 25
1.0%
7.4%
Q2 25
1.5%
5.5%
Q1 25
0.5%
5.3%
Q4 24
0.9%
1.7%
Q3 24
0.7%
3.8%
Q2 24
1.9%
4.0%
Q1 24
1.5%
3.2%
Cash Conversion
PCTY
PCTY
UTI
UTI
Q4 25
2.33×
0.24×
Q3 25
1.80×
3.04×
Q2 25
1.78×
1.69×
Q1 25
2.03×
-0.07×
Q4 24
1.45×
1.04×
Q3 24
1.84×
3.58×
Q2 24
1.64×
2.01×
Q1 24
1.96×
-0.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCTY
PCTY

Recurring Fees$370.1M96%
Implementation Services And Other$16.9M4%

UTI
UTI

UTI$142.8M65%
Concorde$78.0M35%

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