PAYC - Paycom Software, Inc.
Price:
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--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$151.75
DETAILS
HIGH:
$195.00
LOW:
$115.00
MEDIAN:
$144.00
CONSENSUS:
$151.75
UPSIDE:
10.21%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 2,051.7 | 1,883.2 | 1,693.7 | 1,375.2 | 1,055.5 | 841.4 | 737.7 | 566.3 | 433.0 | 329.1 | 224.7 | 150.9 | 107.6 | 76.8 | 57.2 |
| Cost of Revenue | 439.3 | 334.6 | 276.3 | 212.7 | 161.9 | 123.5 | 109.7 | 90.8 | 72.0 | 54.1 | 35.5 | 27.3 | 20.9 | 16.3 | 13.3 |
| Gross Profit | 1,612.4 | 1,548.6 | 1,417.4 | 1,162.5 | 893.6 | 717.9 | 627.9 | 475.6 | 361.0 | 275.1 | 189.2 | 123.6 | 86.7 | 60.5 | 43.9 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 283.4 | 242.6 | 199 | 148.3 | 118.4 | 90.2 | 73.1 | 46.2 | 30.4 | 21.0 | 8.6 | 4.3 | 2.1 | 1.6 | 1.2 |
| SG&A Expenses | 761.8 | 593 | 705.7 | 585.7 | 485.8 | 413.9 | 306.8 | 240.5 | 191.1 | 144.5 | 140.4 | 99.0 | 71.4 | 48.6 | 37.0 |
| Other Expenses | 0 | 78.7 | 61.4 | 49.8 | 35.8 | 27.6 | 21.8 | 15.1 | 9.8 | 7.8 | 5.7 | 4.5 | 3.7 | 4.1 | 4.3 |
| Operating Expenses | 1,045.2 | 914.3 | 966.1 | 783.8 | 640.1 | 531.8 | 401.7 | 301.9 | 231.3 | 173.3 | 154.7 | 107.9 | 77.2 | 54.4 | 42.5 |
| Operating Income | |||||||||||||||
| Operating Income | 567.2 | 634.3 | 451.3 | 378.7 | 253.6 | 186.1 | 226.2 | 173.7 | 129.7 | 101.7 | 34.4 | 15.7 | 9.5 | 6.1 | 1.5 |
| Interest Expense | 3.4 | 3.4 | 1.9 | 2.5 | 0 | 0.0 | 0.9 | 0.8 | 0.9 | 1.0 | 1.4 | 3.4 | 9.3 | 7.0 | 0.1 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||
| EBITDA | 799.1 | 798.3 | 588.2 | 484.8 | 323.2 | 239.3 | 269.2 | 205.1 | 148.0 | 115.7 | 44.4 | 20.2 | 16.2 | 12.0 | 6.8 |
| EBIT | 622.8 | 652.4 | 474.3 | 392.1 | 256.0 | 186.0 | 227.0 | 175.5 | 128.6 | 102.0 | 35.0 | 13.1 | 10.7 | 6.5 | 1.6 |
| Income Before Tax | 619.4 | 649 | 472.4 | 389.6 | 256.0 | 185.9 | 226.1 | 174.7 | 127.7 | 101.0 | 33.5 | 9.7 | 1.4 | (0.5) | 1.4 |
| Income Tax Expense | 166 | 147 | 131.6 | 108.2 | 60.0 | 42.5 | 45.5 | 37.6 | 9.8 | 13.4 | 12.6 | 4.0 | 4.0 | (0.1) | 0 |
| Net Income | 453.4 | 502 | 340.8 | 281.4 | 196.0 | 143.5 | 180.6 | 137.1 | 66.8 | 43.8 | 20.9 | 5.7 | 7.7 | (0.4) | 1.4 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 8.13 | 8.93 | 5.91 | 4.86 | 3.39 | 2.49 | 3.14 | 2.38 | 1.15 | 0.76 | 0.37 | 0.11 | 0.01 | -0.01 | 0.03 |
| EPS (Diluted) | 8.08 | 8.92 | 5.88 | 4.84 | 3.37 | 2.46 | 3.09 | 2.34 | 1.13 | 0.74 | 0.36 | 0.11 | 0.01 | -0.01 | 0.03 |
| Shares Outstanding | 55.8 | 56.2 | 57.7 | 57.9 | 57.9 | 57.6 | 57.6 | 57.7 | 57.8 | 57.6 | 56.5 | 49.8 | 47.7 | 47.7 | 47.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 370 | 402 | 294 | 400.7 | 278.0 | 151.7 | 133.7 | 45.7 | 46.1 | 60.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 123.1 | 51.1 | 34.8 | 28.4 | 25.9 | 19.6 | 13.3 | 7.4 | 8.6 | 2.0 |
| Inventory | 1.7 | 1.4 | 1.4 | 1.6 | 1.1 | 1.2 | 1.2 | 0.8 | 1.0 | 0.7 |
| Other Current Assets | 5,296.5 | 3,805.9 | 2,445.6 | 2,299.4 | 1,923.3 | 1,674.3 | 1,709.4 | 1,003.1 | 1,115.6 | 858.2 |
| Total Current Assets | 5,838.8 | 4,304.8 | 2,813.4 | 2,764.2 | 2,252.0 | 1,864.6 | 1,871.1 | 1,064.6 | 1,176.3 | 925.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 776.7 | 642 | 572 | 402.4 | 349.0 | 285.2 | 238.5 | 177.0 | 147.7 | 96.8 |
| Goodwill | 51.9 | 51.9 | 51.9 | 51.9 | 51.9 | 51.9 | 51.9 | 51.9 | 51.9 | 51.9 |
| Intangible Assets | 37.4 | 46.2 | 50.1 | 54.0 | 58.0 | 0.3 | 0.5 | 0.7 | 1.0 | 1.9 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 893.9 | 815 | 710.1 | 630.0 | 504.2 | 405.9 | 325.5 | 227.7 | 170.0 | 1.2 |
| Total Non-Current Assets | 1,759.9 | 1,555.1 | 1,384.1 | 1,138.3 | 963.1 | 743.3 | 615.8 | 457.3 | 373.9 | 153.0 |
| Total Assets | 7,598.7 | 5,859.9 | 4,197.5 | 3,902.5 | 3,215.1 | 2,607.9 | 2,486.9 | 1,521.9 | 1,355.2 | 1,078.6 |
| Current Liabilities | ||||||||||
| Account Payables | 6.6 | 23.9 | 13.9 | 16.1 | 5.8 | 6.8 | 5.1 | 6.3 | 6.5 | 3.7 |
| Short-Term Debt | 28.4 | 0 | 0 | 0 | 1.8 | 1.8 | 1.8 | 1.8 | 0.9 | 1.1 |
| Deferred Revenue | 28.3 | 30 | 22.8 | 19.8 | 16.3 | 13.6 | 11.1 | 9.0 | 7.0 | 5.2 |
| Other Current Liabilities | 5,216.8 | 3,665.7 | 2,328.1 | 2,207.7 | 1,846.6 | 1,613.5 | 1,662.8 | 967.8 | 1,089.2 | 858.2 |
| Total Current Liabilities | 5,368.4 | 3,906.8 | 2,534.6 | 2,377.0 | 1,990.4 | 1,718.0 | 1,753.5 | 1,028.7 | 1,140.2 | 898.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 61.9 | 0 | 0 | 29 | 27.4 | 29.1 | 30.9 | 32.6 | 34.4 | 28.7 |
| Deferred Tax Liabilities | 304.4 | 149.7 | 143.8 | 141.0 | 145.5 | 112.6 | 91.2 | 70.2 | 49.1 | (34.5) |
| Other Non-Current Liabilities | (51.3) | 49.9 | 51.7 | 75.2 | 73.0 | 19.3 | 19.6 | 0 | 0.6 | 0 |
| Total Non-Current Liabilities | 498.8 | 377.2 | 359.9 | 342.9 | 331.0 | 234.2 | 206.8 | 158.5 | 79.6 | 63.2 |
| Total Liabilities | 5,867.2 | 4,284 | 2,894.5 | 2,719.9 | 2,321.4 | 1,952.3 | 1,960.3 | 1,187.2 | 1,219.8 | 962.1 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| Retained Earnings | 2,255.6 | 1,887.5 | 1,470 | 1,197.0 | 915.6 | 719.6 | 576.2 | 395.6 | 258.5 | 70.4 |
| Accumulated Other Comprehensive Income | 0.3 | (0.6) | (1) | (3.7) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,731.5 | 1,575.9 | 1,303 | 1,182.6 | 893.7 | 655.6 | 526.6 | 334.8 | 281.2 | 116.5 |
| Total Liabilities & Equity | 7,598.7 | 5,859.9 | 4,197.5 | 3,902.5 | 3,215.1 | 2,607.9 | 2,486.9 | 1,521.9 | 1,550.1 | 1,078.6 |
| Debt Metrics | ||||||||||
| Total Debt | 152.2 | 83.4 | 75.9 | 29 | 29.2 | 30.9 | 32.6 | 34.4 | 35.3 | 29.8 |
| Net Debt | (217.8) | (318.6) | (218.1) | (371.7) | (248.8) | (120.8) | (101.0) | (11.3) | (10.8) | (30.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 453.4 | 502 | 340.8 | 281.4 | 196.0 | 143.5 | 180.6 | 137.1 | 66.8 | 43.8 |
| Depreciation & Amortization | 176.3 | 145.9 | 113.9 | 92.7 | 67.2 | 53.4 | 42.2 | 29.7 | 19.4 | 13.6 |
| Stock-Based Compensation | 0 | (22.9) | 129.8 | 94.9 | 97.5 | 90.1 | 47.3 | 36.6 | 38.5 | 22.5 |
| Change in Working Capital | (178.4) | (99) | (105.8) | (100.5) | (73.6) | (81.0) | (67.3) | (37.8) | 6.2 | 20.8 |
| Other Non-Cash Items | 73.2 | 7.9 | 3.7 | (0.1) | (0.6) | (0.1) | 0.5 | (1.7) | 1.7 | 0.1 |
| Operating Cash Flow | 678.9 | 533.9 | 485.0 | 365.1 | 319.4 | 227.2 | 224.3 | 184.8 | 130.6 | 99.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (270.9) | (192.9) | (196.8) | (136.8) | (126.2) | (94.1) | (92.9) | (59.9) | (59.4) | (43.8) |
| Acquisitions | 0.1 | 0 | 0 | (382.2) | 126.0 | 23.8 | 126.6 | (10.5) | 0 | 0.3 |
| Purchases of Investments | (835.9) | (24.9) | (25) | (268.7) | (398.8) | (332.8) | (195.8) | (145.0) | (66.2) | 0 |
| Sales/Maturities of Investments | 500 | 0 | 25 | 382.2 | 267.3 | 309.0 | 69.2 | 155.5 | 141.2 | 0 |
| Other Investing Activities | 0 | 195.6 | (4.1) | 382.2 | (126.0) | (23.8) | (126.6) | 122.5 | 0 | (161.2) |
| Investing Cash Flow | (611.2) | (22.2) | (196.7) | (23.3) | (257.7) | (117.9) | (219.5) | 62.6 | 15.6 | (205.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | (29) | (0.3) | (1.8) | (1.8) | (1.8) | (0.9) | 5.6 | 4.0 |
| Stock Repurchased | (325.5) | (122.8) | (286.6) | (94.7) | (65.6) | (52.0) | (42.5) | (105.2) | (56.9) | (35.6) |
| Dividends Paid | (84.8) | (84.8) | (64.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 1,426.8 | 1,315.9 | 105.8 | 349.5 | 233.1 | (112.1) | 695.0 | (141.7) | 196.9 | 147.1 |
| Financing Cash Flow | 1,022 | 1,108.3 | (274.7) | 254.6 | 165.7 | (165.9) | 650.7 | (247.8) | 145.7 | 115.5 |
| Cash Position | ||||||||||
| Net Change in Cash | (32) | 108.0 | (106.7) | 122.8 | 126.3 | 18.0 | 87.9 | (0.4) | 291.4 | 9.4 |
| Cash at Beginning | 402 | 294.0 | 400.7 | 278.0 | 151.7 | 133.7 | 45.7 | 46.1 | 60.2 | 50.7 |
| Cash at End | 370 | 402 | 294.0 | 400.7 | 278.0 | 151.7 | 133.7 | 45.7 | 46.1 | 60.2 |
| Free Cash Flow | 408 | 341 | 288.2 | 228.3 | 193.2 | 133.1 | 131.3 | 124.9 | 71.2 | 55.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 2,051.7 | 1,883.2 | 1,693.7 | 1,375.2 | 1,055.5 | 841.4 | 737.7 | 566.3 | 433.0 | 329.1 | 224.7 | 150.9 | 107.6 | 76.8 | 57.2 |
| Gross Profit | 1,612.4 | 1,548.6 | 1,417.4 | 1,162.5 | 893.6 | 717.9 | 627.9 | 475.6 | 361.0 | 275.1 | 189.2 | 123.6 | 86.7 | 60.5 | 43.9 |
| Operating Income | 567.2 | 634.3 | 451.3 | 378.7 | 253.6 | 186.1 | 226.2 | 173.7 | 129.7 | 101.7 | 34.4 | 15.7 | 9.5 | 6.1 | 1.5 |
| Net Income | 453.4 | 502 | 340.8 | 281.4 | 196.0 | 143.5 | 180.6 | 137.1 | 66.8 | 43.8 | 20.9 | 5.7 | 7.7 | (0.4) | 1.4 |
| EPS (Diluted) | 8.08 | 8.92 | 5.88 | 4.84 | 3.37 | 2.46 | 3.09 | 2.34 | 1.13 | 0.74 | 0.36 | 0.11 | 0.01 | -0.01 | 0.03 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 370 | 402 | 294 | 400.7 | 278.0 | 151.7 | 133.7 | 45.7 | 46.1 | 60.2 | |||||
| Total Assets | 7,598.7 | 5,859.9 | 4,197.5 | 3,902.5 | 3,215.1 | 2,607.9 | 2,486.9 | 1,521.9 | 1,355.2 | 1,078.6 | |||||
| Total Debt | 152.2 | 83.4 | 75.9 | 29 | 29.2 | 30.9 | 32.6 | 34.4 | 35.3 | 29.8 | |||||
| Stockholders' Equity | 1,731.5 | 1,575.9 | 1,303 | 1,182.6 | 893.7 | 655.6 | 526.6 | 334.8 | 281.2 | 116.5 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 678.9 | 533.9 | 485.0 | 365.1 | 319.4 | 227.2 | 224.3 | 184.8 | 130.6 | 99.0 | |||||
| Capital Expenditure | (270.9) | (192.9) | (196.8) | (136.8) | (126.2) | (94.1) | (92.9) | (59.9) | (59.4) | (43.8) | |||||
| Free Cash Flow | 408 | 341 | 288.2 | 228.3 | 193.2 | 133.1 | 131.3 | 124.9 | 71.2 | 55.1 | |||||