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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $377.3M, roughly 1.0× Bristow Group Inc.). Paylocity Holding Corp runs the higher net margin — 13.0% vs 4.9%, a 8.1% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 6.7%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $47.8M). Over the past eight quarters, Bristow Group Inc.'s revenue compounded faster (5.8% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
PCTY vs VTOL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $377.3M |
| Net Profit | $50.2M | $18.4M |
| Gross Margin | 72.9% | — |
| Operating Margin | 18.2% | 8.5% |
| Net Margin | 13.0% | 4.9% |
| Revenue YoY | 11.3% | 6.7% |
| Net Profit YoY | 34.0% | -42.1% |
| EPS (diluted) | $0.92 | $0.61 |
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 | $377.3M | ||
| Q3 25 | $378.9M | $386.3M | ||
| Q2 25 | $369.9M | $376.4M | ||
| Q1 25 | $421.1M | $350.5M | ||
| Q4 24 | $347.7M | $353.5M | ||
| Q3 24 | $333.1M | $365.1M | ||
| Q2 24 | $324.7M | $359.7M | ||
| Q1 24 | $366.8M | $337.1M |
| Q4 25 | $50.2M | $18.4M | ||
| Q3 25 | $48.0M | $51.5M | ||
| Q2 25 | $48.6M | $31.7M | ||
| Q1 25 | $91.5M | $27.4M | ||
| Q4 24 | $37.5M | $31.8M | ||
| Q3 24 | $49.6M | $28.2M | ||
| Q2 24 | $48.8M | $28.2M | ||
| Q1 24 | $85.3M | $6.6M |
| 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% | 8.5% | ||
| Q3 25 | 19.6% | 13.1% | ||
| Q2 25 | 17.9% | 11.3% | ||
| Q1 25 | 30.2% | 9.6% | ||
| Q4 24 | 13.4% | 9.0% | ||
| Q3 24 | 19.3% | 9.1% | ||
| Q2 24 | 19.4% | 12.4% | ||
| Q1 24 | 29.0% | 6.8% |
| Q4 25 | 13.0% | 4.9% | ||
| Q3 25 | 12.7% | 13.3% | ||
| Q2 25 | 13.1% | 8.4% | ||
| Q1 25 | 21.7% | 7.8% | ||
| Q4 24 | 10.8% | 9.0% | ||
| Q3 24 | 14.9% | 7.7% | ||
| Q2 24 | 15.0% | 7.8% | ||
| Q1 24 | 23.3% | 2.0% |
| Q4 25 | $0.92 | $0.61 | ||
| Q3 25 | $0.86 | $1.72 | ||
| Q2 25 | $0.87 | $1.07 | ||
| Q1 25 | $1.61 | $0.92 | ||
| Q4 24 | $0.66 | $1.07 | ||
| Q3 24 | $0.88 | $0.95 | ||
| Q2 24 | $0.85 | $0.96 | ||
| Q1 24 | $1.50 | $0.23 |
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 | $286.2M |
| Total DebtLower is stronger | $81.3M | $671.5M |
| Stockholders' EquityBook value | $1.1B | $1.1B |
| Total Assets | $7.0B | $2.3B |
| Debt / EquityLower = less leverage | 0.07× | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | $286.2M | ||
| Q3 25 | $165.2M | $245.5M | ||
| Q2 25 | $398.1M | $251.8M | ||
| Q1 25 | $477.8M | $191.1M | ||
| Q4 24 | $482.4M | $247.5M | ||
| Q3 24 | $778.5M | $200.3M | ||
| Q2 24 | $401.8M | $178.6M | ||
| Q1 24 | $492.7M | $140.6M |
| Q4 25 | $81.3M | $671.5M | ||
| Q3 25 | $81.3M | $675.0M | ||
| Q2 25 | $162.5M | $705.2M | ||
| Q1 25 | $243.8M | $701.9M | ||
| Q4 24 | $325.0M | $689.8M | ||
| Q3 24 | $325.0M | $629.1M | ||
| Q2 24 | $0 | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.2B | $984.4M | ||
| Q1 25 | $1.2B | $931.7M | ||
| Q4 24 | $1.2B | $891.7M | ||
| Q3 24 | $1.1B | $899.2M | ||
| Q2 24 | $1.0B | $849.1M | ||
| Q1 24 | $1.1B | $820.7M |
| Q4 25 | $7.0B | $2.3B | ||
| Q3 25 | $4.2B | $2.3B | ||
| Q2 25 | $4.4B | $2.3B | ||
| Q1 25 | $5.2B | $2.2B | ||
| Q4 24 | $5.3B | $2.1B | ||
| Q3 24 | $4.0B | $2.1B | ||
| Q2 24 | $4.2B | $2.0B | ||
| Q1 24 | $5.0B | $1.9B |
| Q4 25 | 0.07× | 0.63× | ||
| Q3 25 | 0.07× | 0.65× | ||
| Q2 25 | 0.13× | 0.72× | ||
| Q1 25 | 0.20× | 0.75× | ||
| Q4 24 | 0.28× | 0.77× | ||
| Q3 24 | 0.29× | 0.70× | ||
| Q2 24 | 0.00× | 0.70× | ||
| Q1 24 | — | 0.66× |
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 | $76.9M |
| Free Cash FlowOCF − Capex | $113.6M | $47.8M |
| FCF MarginFCF / Revenue | 29.4% | 12.7% |
| Capex IntensityCapex / Revenue | 0.9% | 7.7% |
| Cash ConversionOCF / Net Profit | 2.33× | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $461.1M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.0M | $76.9M | ||
| Q3 25 | $86.5M | $23.1M | ||
| Q2 25 | $86.6M | $99.0M | ||
| Q1 25 | $186.0M | $-603.0K | ||
| Q4 24 | $54.2M | $51.1M | ||
| Q3 24 | $91.5M | $66.0M | ||
| Q2 24 | $79.9M | $33.7M | ||
| Q1 24 | $167.5M | $26.7M |
| Q4 25 | $113.6M | $47.8M | ||
| Q3 25 | $82.7M | $-6.2M | ||
| Q2 25 | $81.1M | $67.4M | ||
| Q1 25 | $183.7M | $-52.7M | ||
| Q4 24 | $51.2M | $-32.4M | ||
| Q3 24 | $89.1M | $9.0M | ||
| Q2 24 | $73.6M | $-16.7M | ||
| Q1 24 | $162.0M | $-37.9M |
| Q4 25 | 29.4% | 12.7% | ||
| Q3 25 | 21.8% | -1.6% | ||
| Q2 25 | 21.9% | 17.9% | ||
| Q1 25 | 43.6% | -15.0% | ||
| Q4 24 | 14.7% | -9.2% | ||
| Q3 24 | 26.8% | 2.5% | ||
| Q2 24 | 22.7% | -4.6% | ||
| Q1 24 | 44.2% | -11.2% |
| Q4 25 | 0.9% | 7.7% | ||
| Q3 25 | 1.0% | 7.6% | ||
| Q2 25 | 1.5% | 8.4% | ||
| Q1 25 | 0.5% | 14.9% | ||
| Q4 24 | 0.9% | 23.6% | ||
| Q3 24 | 0.7% | 15.6% | ||
| Q2 24 | 1.9% | 14.0% | ||
| Q1 24 | 1.5% | 19.2% |
| Q4 25 | 2.33× | 4.17× | ||
| Q3 25 | 1.80× | 0.45× | ||
| Q2 25 | 1.78× | 3.12× | ||
| Q1 25 | 2.03× | -0.02× | ||
| Q4 24 | 1.45× | 1.61× | ||
| Q3 24 | 1.84× | 2.34× | ||
| Q2 24 | 1.64× | 1.20× | ||
| Q1 24 | 1.96× | 4.04× |
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% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
