How do Automatic Data Processing and Boeing compare by revenue?

Automatic Data Processing reported revenue of $5.4B in Q2 2026, while Boeing reported $23.9B in Q4 2025. Boeing is 4.5× larger by last-quarter revenue.

Which is growing revenue faster, Automatic Data Processing or Boeing?

Automatic Data Processing's latest revenue grew 6.2% year-over-year, versus 57.1% for Boeing. Boeing is growing faster on a YoY basis.

Which has a higher gross margin, Automatic Data Processing or Boeing?

Automatic Data Processing's gross margin is 46.1% vs Boeing's 7.6%. Automatic Data Processing converts more of each revenue dollar into gross profit.

Which has a higher net margin, Automatic Data Processing or Boeing?

Automatic Data Processing's net margin is 19.8% vs Boeing's 34.3%. Boeing has the higher bottom-line margin.

What is the 2-year revenue CAGR for Automatic Data Processing vs Boeing?

Over the trailing 8 quarters, Automatic Data Processing compounded revenue at roughly 1.0% per year, versus 20.2% for Boeing. Boeing has the faster medium-term growth trajectory.

Where does this ADP vs BA data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Automatic Data Processing (ADP) and Boeing (BA), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Boeing is the larger business by last-quarter revenue ($23.9B vs $5.4B, roughly 4.5× Automatic Data Processing). Boeing runs the higher net margin — 19.8% vs 34.3%, a 14.5% gap on every dollar of revenue. On growth, Boeing posted the faster year-over-year revenue change (57.1% vs 6.2%). Over the past eight quarters, Boeing's revenue compounded faster (20.2% CAGR vs 1.0%).

Automatic Data ProcessingADPEarnings & Financial Report

Nasdaq · Industrials · Human Resource & Employment Services

Automatic Data Processing, Inc. (ADP) is an American multinational provider of cloud-based human resources management, payroll processing, and professional employer organization (PEO) services, headquartered in Roseland, New Jersey.

BoeingBAEarnings & Financial Report

NYSE · Industrials · Aerospace & Defense

The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded in 1916 by William E.

ADP vs BA — Head-to-Head

Bigger by revenue

4.5× larger

$23.9B

$5.4B

Growing faster (revenue YoY)

+51.0% gap

57.1%

6.2%

Higher net margin

14.5% more per $

34.3%

19.8%

Faster 2-yr revenue CAGR

Annualised

20.2%

1.0%

Income Statement — Q2 2026 vs Q4 2025

Metric	ADP	BA
Revenue	$5.4B	$23.9B
Net Profit	$1.1B	$8.2B
Gross Margin	46.1%	7.6%
Operating Margin	25.8%	36.7%
Net Margin	19.8%	34.3%
Revenue YoY	6.2%	57.1%
Net Profit YoY	10.3%	312.7%
EPS (diluted)	$2.62	$10.70

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue

ADP

Q4 25	$5.4B	$23.9B
Q3 25	$5.2B	$23.3B
Q2 25	$5.1B	$22.7B
Q1 25	$5.6B	$19.5B
Q4 24	$5.0B	$15.2B
Q3 24	$4.8B	$17.8B
Q2 24	$4.8B	$16.9B
Q1 24	$5.3B	$16.6B

Net Profit

ADP

Q4 25	$1.1B	$8.2B
Q3 25	$1.0B	$-5.3B
Q2 25	$910.7M	$-611.0M
Q1 25	$1.2B	$-37.0M
Q4 24	$963.2M	$-3.9B
Q3 24	$956.3M	$-6.2B
Q2 24	$829.3M	$-1.4B
Q1 24	$1.2B	$-343.0M

Gross Margin

ADP

Q4 25	46.1%	7.6%
Q3 25	45.2%	-10.2%
Q2 25	45.1%	10.7%
Q1 25	47.7%	12.4%
Q4 24	45.7%	-10.4%
Q3 24	45.5%	-19.7%
Q2 24	44.8%	7.3%
Q1 24	47.3%	11.3%

Operating Margin

ADP

Q4 25	25.8%	36.7%
Q3 25	25.3%	-20.5%
Q2 25	23.2%	-0.8%
Q1 25	29.2%	2.4%
Q4 24	25.0%	-24.7%
Q3 24	25.6%	-32.3%
Q2 24	22.8%	-6.5%
Q1 24	29.4%	-0.5%

Net Margin

ADP

Q4 25	19.8%	34.3%
Q3 25	19.6%	-22.9%
Q2 25	17.8%	-2.7%
Q1 25	22.5%	-0.2%
Q4 24	19.1%	-25.4%
Q3 24	19.8%	-34.6%
Q2 24	17.4%	-8.5%
Q1 24	22.6%	-2.1%

EPS (diluted)

ADP

Q4 25	$2.62	$10.70
Q3 25	$2.49	$-7.14
Q2 25	$2.23	$-0.92
Q1 25	$3.06	$-0.16
Q4 24	$2.35	$-5.50
Q3 24	$2.34	$-9.97
Q2 24	$2.01	$-2.33
Q1 24	$2.88	$-0.56

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric	ADP	BA
Cash + ST InvestmentsLiquidity on hand	$2.5B	$29.4B
Total DebtLower is stronger	—	$45.6B
Stockholders' EquityBook value	$6.4B	$5.5B
Total Assets	$84.6B	$168.2B
Debt / EquityLower = less leverage	—	8.37×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments

ADP

Q4 25	$2.5B	$29.4B
Q3 25	$7.9B	$23.0B
Q2 25	$7.8B	$23.0B
Q1 25	$2.7B	$23.7B
Q4 24	$2.2B	$26.3B
Q3 24	$7.3B	$10.5B
Q2 24	$3.3B	$12.6B
Q1 24	$3.3B	$7.5B

Total Debt

ADP

Q4 25	—	$45.6B
Q3 25	—	$44.6B
Q2 25	—	$44.6B
Q1 25	—	$45.7B
Q4 24	—	$52.6B
Q3 24	—	$53.2B
Q2 24	—	$53.2B
Q1 24	—	$46.9B

Stockholders' Equity

ADP

Q4 25	$6.4B	$5.5B
Q3 25	$6.4B	$-8.3B
Q2 25	$6.2B	$-3.3B
Q1 25	$5.9B	$-3.3B
Q4 24	$5.1B	$-3.9B
Q3 24	$5.3B	$-23.6B
Q2 24	$4.5B	$-18.0B
Q1 24	$4.6B	$-17.0B

Total Assets

ADP

Q4 25	$84.6B	$168.2B
Q3 25	$54.3B	$150.0B
Q2 25	$53.4B	$155.1B
Q1 25	$56.4B	$156.5B
Q4 24	$64.1B	$156.4B
Q3 24	$49.5B	$137.7B
Q2 24	$54.4B	$142.7B
Q1 24	$64.2B	$134.5B

Debt / Equity

ADP

Q4 25	—	8.37×
Q3 25	—	—
Q2 25	—	—
Q1 25	—	—
Q4 24	—	—
Q3 24	—	—
Q2 24	—	—
Q1 24	—	—

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric	ADP	BA
Operating Cash FlowLast quarter	$1.1B	$1.3B
Free Cash FlowOCF − Capex	—	$375.0M
FCF MarginFCF / Revenue	—	1.6%
Capex IntensityCapex / Revenue; lower = less reinvestment burden	—	4.0%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash	1.07×	0.16×
TTM Free Cash FlowTrailing 4 quarters	—	$-1.9B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow

ADP

Q4 25	$1.1B	$1.3B
Q3 25	$642.3M	$1.1B
Q2 25	$1.4B	$227.0M
Q1 25	$1.5B	$-1.6B
Q4 24	$1.2B	$-3.5B
Q3 24	$824.4M	$-1.3B
Q2 24	$1.3B	$-3.9B
Q1 24	$1.5B	$-3.4B

Free Cash Flow

ADP

Q4 25	—	$375.0M
Q3 25	—	$238.0M
Q2 25	—	$-200.0M
Q1 25	—	$-2.3B
Q4 24	—	$-4.1B
Q3 24	—	$-2.0B
Q2 24	—	$-4.3B
Q1 24	—	$-3.9B

FCF Margin

ADP

Q4 25	—	1.6%
Q3 25	—	1.0%
Q2 25	—	-0.9%
Q1 25	—	-11.7%
Q4 24	—	-26.9%
Q3 24	—	-11.0%
Q2 24	—	-25.7%
Q1 24	—	-23.7%

Capex Intensity

ADP

Q4 25	—	4.0%
Q3 25	—	3.8%
Q2 25	—	1.9%
Q1 25	—	3.5%
Q4 24	—	4.3%
Q3 24	—	3.4%
Q2 24	—	2.4%
Q1 24	—	3.4%

Cash Conversion

ADP

Q4 25	1.07×	0.16×
Q3 25	0.63×	—
Q2 25	1.58×	—
Q1 25	1.22×	—
Q4 24	1.19×	—
Q3 24	0.86×	—
Q2 24	1.57×	—
Q1 24	1.26×	—

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.