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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.
VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $387.0M, roughly 1.9× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs -2.8%, a 15.8% gap on every dollar of revenue.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
PCTY vs VFS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $718.6M |
| Net Profit | $50.2M | $-20.0M |
| Gross Margin | 72.9% | — |
| Operating Margin | 18.2% | -96.1% |
| Net Margin | 13.0% | -2.8% |
| Revenue YoY | 11.3% | — |
| Net Profit YoY | 34.0% | — |
| EPS (diluted) | $0.92 | — |
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 | — | ||
| Q3 25 | $378.9M | $718.6M | ||
| Q2 25 | $369.9M | $663.0M | ||
| Q1 25 | $421.1M | $656.5M | ||
| Q4 24 | $347.7M | — | ||
| Q3 24 | $333.1M | $511.6M | ||
| Q2 24 | $324.7M | — | ||
| Q1 24 | $366.8M | $302.6M |
| Q4 25 | $50.2M | — | ||
| Q3 25 | $48.0M | $-20.0M | ||
| Q2 25 | $48.6M | $-51.8M | ||
| Q1 25 | $91.5M | $-26.1M | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $49.6M | $-10.4M | ||
| Q2 24 | $48.8M | — | ||
| Q1 24 | $85.3M | $-618.3M |
| 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% | — | ||
| Q3 25 | 19.6% | -96.1% | ||
| Q2 25 | 17.9% | -79.0% | ||
| Q1 25 | 30.2% | -74.0% | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 19.3% | -65.9% | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 29.0% | -139.4% |
| Q4 25 | 13.0% | — | ||
| Q3 25 | 12.7% | -2.8% | ||
| Q2 25 | 13.1% | -7.8% | ||
| Q1 25 | 21.7% | -4.0% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 14.9% | -2.0% | ||
| Q2 24 | 15.0% | — | ||
| Q1 24 | 23.3% | -204.3% |
| Q4 25 | $0.92 | — | ||
| Q3 25 | $0.86 | — | ||
| Q2 25 | $0.87 | — | ||
| Q1 25 | $1.61 | — | ||
| Q4 24 | $0.66 | — | ||
| Q3 24 | $0.88 | — | ||
| Q2 24 | $0.85 | — | ||
| 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 | $8.8M |
| Total DebtLower is stronger | $81.3M | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $7.0B | $183.2M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | — | ||
| Q3 25 | $165.2M | $8.8M | ||
| Q2 25 | $398.1M | $650.0M | ||
| Q1 25 | $477.8M | $2.4M | ||
| Q4 24 | $482.4M | — | ||
| Q3 24 | $778.5M | $1.9M | ||
| Q2 24 | $401.8M | — | ||
| Q1 24 | $492.7M | $3.0M |
| 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 | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | $-7.2B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $7.0B | — | ||
| Q3 25 | $4.2B | $183.2M | ||
| Q2 25 | $4.4B | $7.2B | ||
| Q1 25 | $5.2B | $158.2M | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $4.0B | $151.8M | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $5.0B | $145.6M |
| 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 | — |
| Free Cash FlowOCF − Capex | $113.6M | — |
| FCF MarginFCF / Revenue | 29.4% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| 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 | — | ||
| Q3 25 | $86.5M | — | ||
| Q2 25 | $86.6M | — | ||
| Q1 25 | $186.0M | — | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $91.5M | — | ||
| Q2 24 | $79.9M | — | ||
| Q1 24 | $167.5M | — |
| Q4 25 | $113.6M | — | ||
| Q3 25 | $82.7M | — | ||
| Q2 25 | $81.1M | — | ||
| Q1 25 | $183.7M | — | ||
| Q4 24 | $51.2M | — | ||
| Q3 24 | $89.1M | — | ||
| Q2 24 | $73.6M | — | ||
| Q1 24 | $162.0M | — |
| Q4 25 | 29.4% | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 43.6% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 22.7% | — | ||
| Q1 24 | 44.2% | — |
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.9% | — | ||
| 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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
