Paycom Software (PAYC) Financials

$226.45 -2.11 (-0.92%)

As of 03:59 PM Eastern

Annual Income Statements for Paycom Software

This table shows Paycom Software's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	21	70	123	137	181	143	196	281	341	502
Consolidated Net Income / (Loss)	21	70	123	137	181	143	196	281	341	502
Net Income / (Loss) Continuing Operations	21	70	123	137	181	143	196	281	341	502
Total Pre-Tax Income	34	101	128	175	226	186	256	390	472	649
Total Operating Income	34	102	130	174	226	186	254	379	451	634
Total Gross Profit	189	275	361	476	628	718	894	1,163	1,417	1,549
Total Revenue	225	329	433	566	738	841	1,056	1,375	1,694	1,883
Operating Revenue	220	329	433	566	738	841	1,056	1,375	1,694	1,883
Total Cost of Revenue	35	54	72	91	110	124	162	213	276	335
Operating Cost of Revenue	35	54	72	91	110	124	162	213	276	335
Total Operating Expenses	155	173	231	302	402	532	640	784	966	914
Selling, General & Admin Expense	48	59	80	97	128	178	210	239	288	159
Marketing Expense	93	85	111	144	179	236	276	347	418	434
Research & Development Expense	8.63	21	30	46	73	90	118	148	199	243
Depreciation Expense	5.74	7.83	9.81	15	22	28	36	50	61	79
Total Other Income / (Expense), net	-0.91	-0.73	-1.98	1.00	-0.14	-0.19	2.40	11	21	15
Interest Expense	1.43	1.04	0.91	0.77	0.94	0.02	0.00	2.50	1.90	3.40
Other Income / (Expense), net	0.52	0.31	-1.07	1.76	0.80	-0.17	2.40	13	23	18
Income Tax Expense	13	31	4.25	38	46	42	60	108	132	147
Basic Earnings per Share	$0.37	$1.21	$2.13	$2.37	$3.14	$2.49	$3.39	$4.86	$5.91	$8.93
Weighted Average Basic Shares Outstanding	56.50M	57.55M	57.84M	57.71M	57.56M	57.62M	57.89M	57.93M	57.71M	56.21M
Diluted Earnings per Share	$0.36	$1.19	$2.10	$2.34	$3.09	$2.46	$3.37	$4.84	$5.88	$8.92
Weighted Average Diluted Shares Outstanding	57.92M	58.97M	58.79M	58.58M	58.40M	58.29M	58.19M	58.18M	57.97M	56.30M
Weighted Average Basic & Diluted Shares Outstanding	56.60M	36.20M	126M	57.80M	58.85M	60.19M	60.21M	60.32M	57.55M	57.26M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.38	$0.38

This table shows Paycom Software's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	52	80	119	65	75	82	247	68	73	114
Consolidated Net Income / (Loss)	52	80	119	65	75	82	247	68	73	114
Net Income / (Loss) Continuing Operations	52	80	119	65	75	82	247	68	73	114
Total Pre-Tax Income	75	114	166	93	102	112	290	99	108	152
Total Operating Income	74	106	160	87	97	107	286	95	105	148
Total Gross Profit	279	312	386	334	337	360	421	354	364	410
Total Revenue	334	371	452	401	406	435	500	438	452	494
Operating Revenue	334	371	452	401	406	435	500	438	452	494
Total Cost of Revenue	55	59	65	67	69	75	79	84	88	84
Operating Cost of Revenue	55	59	65	67	69	75	79	84	88	84
Total Operating Expenses	205	206	226	246	240	253	135	258	259	262
Selling, General & Admin Expense	61	60	66	76	72	75	-48	70	71	66
Marketing Expense	91	93	104	106	101	106	116	107	104	108
Research & Development Expense	40	40	43	49	52	55	51	62	63	67
Depreciation Expense	13	13	14	15	16	17	18	19	21	21
Total Other Income / (Expense), net	1.02	8.16	5.17	5.58	5.14	5.21	4.23	4.01	3.44	3.03
Interest Expense	1.02	0.91	0.84	0.60	0.22	0.24	0.78	0.78	0.79	1.05
Other Income / (Expense), net	2.04	9.07	6.00	6.18	5.36	5.45	5.01	4.79	4.23	4.08
Income Tax Expense	23	34	46	28	27	30	43	31	35	38
Basic Earnings per Share	$0.90	$1.39	$2.06	$1.11	$1.30	$1.44	$4.37	$1.20	$1.31	$2.05
Weighted Average Basic Shares Outstanding	57.87M	57.93M	57.87M	57.92M	57.83M	57.71M	56.55M	56.45M	55.93M	56.21M
Diluted Earnings per Share	$0.90	$1.37	$2.06	$1.11	$1.30	$1.41	$4.37	$1.20	$1.31	$2.04
Weighted Average Diluted Shares Outstanding	58.03M	58.18M	57.99M	58.03M	57.97M	57.97M	56.55M	56.77M	55.96M	56.30M
Weighted Average Basic & Diluted Shares Outstanding	60.02M	60.32M	60.29M	60.47M	60.23M	57.55M	58.11M	57.43M	57.66M	57.26M

This table details how cash moves in and out of Paycom Software's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	26	9.44	291	-112	655	-57	227	596	14	1,620
Net Cash From Operating Activities	43	99	130	185	224	227	319	365	485	534
Net Cash From Continuing Operating Activities	43	99	130	185	224	227	319	365	484	534
Net Income / (Loss) Continuing Operations	21	70	123	137	181	143	196	281	341	502
Consolidated Net Income / (Loss)	21	70	123	137	181	143	196	281	341	502
Depreciation Expense	9.42	14	19	30	42	53	67	93	114	146
Amortization Expense	0.16	-0.01	-0.33	-1.08	-0.91	-1.53	-0.42	-0.20	0.70	1.00
Non-Cash Adjustments To Reconcile Net Income	3.23	21	39	37	50	93	97	101	133	-19
Changes in Operating Assets and Liabilities, net	9.22	-5.88	-52	-18	-48	-61	-41	-110	-104	-96
Net Cash From Investing Activities	-52	-205	16	-49	-220	-118	-258	-23	-197	-22
Net Cash From Continuing Investing Activities	-52	-205	16	-49	-220	-118	-258	-23	-197	-22
Purchase of Property, Plant & Equipment	-17	-44	-59	-60	-93	-94	-121	-133	-193	-193
Acquisitions	-	-	-	-	0.00	0.00	-5.50	-4.10	-4.20	-4.40
Purchase of Investments	-	-114	-66	-145	-196	-333	-399	-269	-25	-25
Sale of Property, Plant & Equipment	0.00	0.30	-	-	-	-	0.00	0.00	0.10	0.00
Sale and/or Maturity of Investments	-	16	141	156	69	309	267	382	25	200
Net Cash From Financing Activities	35	116	146	-248	651	-166	166	255	-275	1,108
Net Cash From Continuing Financing Activities	35	116	146	-248	651	-166	166	255	-275	1,108
Repayment of Debt	-1.22	-1.04	-37	-0.95	-1.79	-1.78	-1.78	-36	-30	0.00
Repurchase of Common Equity	0.00	-36	-57	-105	0.00	-52	0.00	-95	-287	-123
Payment of Dividends	-	-	-	-	-	-	0.00	0.00	-65	-85
Issuance of Debt	0.00	5.00	41	-	-	0.00	0.00	29	0.00	0.00
Other Financing Activities, net	36	147	198	-142	652	-112	167	356	107	1,316
Cash Interest Paid	1.27	0.94	0.79	0.71	0.89	0.00	0.00	0.50	1.00	2.00
Cash Income Taxes Paid	19	9.32	18	14	25	28	33	101	140	137

This table details how cash moves in and out of Paycom Software's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-1,619	591	288	-354	-157	236	567	-375	-874	2,302
Net Cash From Operating Activities	68	128	146	106	99	134	149	132	93	160
Net Cash From Continuing Operating Activities	68	128	146	106	98	134	149	132	93	160
Net Income / (Loss) Continuing Operations	52	80	119	65	75	82	247	68	73	114
Consolidated Net Income / (Loss)	52	80	119	65	75	82	247	68	73	114
Depreciation Expense	24	25	26	28	29	31	32	36	38	40
Amortization Expense	0.13	0.14	0.18	0.18	0.19	0.14	0.20	0.24	0.28	0.28
Non-Cash Adjustments To Reconcile Net Income	33	30	28	36	35	34	-93	24	17	32
Changes in Operating Assets and Liabilities, net	-41	-6.91	-28	-22	-41	-12	-38	3.81	-36	-25
Net Cash From Investing Activities	-9.52	8.73	-41	-43	-52	-61	42	29	-38	-56
Net Cash From Continuing Investing Activities	-9.52	8.73	-41	-43	-52	-61	42	29	-38	-56
Purchase of Property, Plant & Equipment	-24	-41	-41	-43	-52	-57	-48	-46	-48	-51
Purchase of Investments	-35	0.02	-25	-	-	-	0.00	-	-25	0.03
Sale of Property, Plant & Equipment	-	-	0.00	0.04	0.02	0.03	0.01	-	-	-0.01
Net Cash From Financing Activities	-1,677	453	183	-417	-203	163	376	-537	-929	2,198
Net Cash From Continuing Financing Activities	-1,677	453	183	-417	-203	163	376	-537	-929	2,198
Repurchase of Common Equity	-	-0.05	0.00	-	-75	-212	0.00	-81	-42	0.00
Payment of Dividends	-	-	0.00	-22	-22	-21	-21	-21	-21	-21
Other Financing Activities, net	-1,672	453	183	-396	-106	425	397	-435	-866	2,219

This table presents Paycom Software's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	877	1,079	1,550	1,522	2,487	2,608	3,215	3,903	4,198	5,860
Total Current Assets	761	926	1,176	1,065	1,871	1,865	2,252	2,764	2,813	4,305
Cash & Equivalents	51	60	46	46	134	152	278	401	294	402
Restricted Cash	697	858	1,089	968	1,663	1,613	1,847	2,203	2,327	3,666
Accounts Receivable	2.35	1.34	1.58	3.41	9.30	9.13	9.49	23	16	39
Inventories, net	1.09	0.68	0.98	0.80	1.16	1.15	1.13	1.61	1.40	1.40
Prepaid Expenses	3.53	4.48	4.98	7.66	14	18	24	34	38	44
Current Deferred & Refundable Income Taxes	6.74	0.69	7.05	3.96	4.02	10	16	5.58	18	12
Other Current Assets	-	-	26	35	47	61	77	96	118	140
Plant, Property, & Equipment, net	59	97	148	177	238	285	349	402	498	561
Total Noncurrent Assets	57	56	226	280	377	458	614	736	886	994
Goodwill	52	52	52	52	52	52	52	52	52	52
Intangible Assets	3.48	1.87	0.96	-	-	0.32	58	54	50	46
Other Noncurrent Operating Assets	1.29	1.22	173	228	325	406	504	630	784	896
Total Liabilities & Shareholders' Equity	877	1,079	1,550	1,522	2,487	2,608	3,215	3,903	4,198	5,860
Total Liabilities	778	962	1,269	1,187	1,960	1,952	2,321	2,720	2,895	4,284
Total Current Liabilities	728	899	1,140	1,029	1,754	1,718	1,990	2,377	2,535	3,907
Accounts Payable	4.90	3.74	6.49	6.29	5.05	6.79	5.77	16	14	24
Accrued Expenses	9.74	18	20	44	73	82	120	133	151	167
Current Deferred Revenue	3.73	5.23	6.98	8.98	11	14	16	20	23	30
Other Current Liabilities	697	858	1,089	968	1,663	1,613	1,847	2,208	2,347	3,686
Total Noncurrent Liabilities	51	63	129	158	207	234	331	343	360	377
Noncurrent Deferred Revenue	25	34	45	56	65	73	85	98	108	115
Noncurrent Deferred & Payable Income Tax Liabilities	0.64	-	49	70	91	113	146	141	144	150
Other Noncurrent Operating Liabilities	-	0.00	0.55	-	20	19	73	75	108	113
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	98	117	281	335	527	656	894	1,183	1,303	1,576
Total Preferred & Common Equity	98	117	281	335	527	656	894	1,183	1,303	1,576
Total Common Equity	98	117	281	335	527	656	894	1,183	1,303	1,576
Common Stock	72	96	162	204	258	359	466	577	725	725
Retained Earnings	27	70	259	396	576	720	916	1,197	1,470	1,888
Treasury Stock	0.00	-50	-140	-265	-308	-423	-488	-588	-891	-1,036
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	-	-	0.00	-3.70	-1.00	-0.60

This table presents Paycom Software's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	3,315	3,903	4,242	3,951	3,856	4,198	4,733	4,313	3,493	5,860
Total Current Assets	2,228	2,764	3,055	2,708	2,563	2,813	3,296	2,846	1,978	4,305
Cash & Equivalents	317	401	506	537	484	294	371	346	326	402
Restricted Cash	1,749	2,203	2,388	2,002	1,899	2,327	2,728	2,303	1,440	3,666
Accounts Receivable	15	23	18	16	16	16	20	20	21	39
Inventories, net	1.47	1.61	0.89	0.87	0.84	1.40	1.81	1.42	1.33	1.40
Prepaid Expenses	40	34	40	43	41	38	51	47	46	44
Current Deferred & Refundable Income Taxes	15	5.58	0.00	1.94	11	18	0.00	0.00	10	12
Other Current Assets	91	96	102	107	112	118	124	129	134	140
Plant, Property, & Equipment, net	384	402	421	445	468	498	520	532	554	561
Total Noncurrent Assets	702	736	766	798	825	886	917	935	961	994
Goodwill	52	52	52	52	52	52	52	52	52	52
Intangible Assets	55	54	53	52	51	50	49	48	47	46
Other Noncurrent Operating Assets	595	630	661	694	722	784	816	834	862	896
Total Liabilities & Shareholders' Equity	3,315	3,903	4,242	3,951	3,856	4,198	4,733	4,313	3,493	5,860
Total Liabilities	2,238	2,720	2,907	2,545	2,435	2,895	3,295	2,886	2,028	4,284
Total Current Liabilities	1,898	2,377	2,565	2,187	2,070	2,535	2,942	2,527	1,660	3,907
Accounts Payable	10	16	10	8.49	6.89	14	21	15	35	24
Accrued Expenses	114	133	124	151	139	151	148	167	136	167
Current Deferred Revenue	20	20	21	21	23	23	28	31	29	30
Other Current Liabilities	1,754	2,208	2,391	2,006	1,902	2,347	2,728	2,303	1,460	3,686
Total Noncurrent Liabilities	340	343	342	358	365	360	353	359	368	377
Noncurrent Deferred Revenue	94	98	100	103	106	108	109	111	113	115
Noncurrent Deferred & Payable Income Tax Liabilities	139	141	140	143	145	144	133	136	140	150
Other Noncurrent Operating Liabilities	78	75	73	83	85	108	110	112	115	113
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,076	1,183	1,334	1,407	1,421	1,303	1,438	1,427	1,465	1,576
Total Preferred & Common Equity	1,076	1,183	1,334	1,407	1,421	1,303	1,438	1,427	1,465	1,576
Total Common Equity	1,076	1,183	1,334	1,407	1,421	1,303	1,438	1,427	1,465	1,576
Common Stock	551	577	610	651	688	725	635	668	699	725
Retained Earnings	1,117	1,197	1,316	1,358	1,411	1,470	1,697	1,744	1,795	1,888
Treasury Stock	-588	-588	-589	-599	-676	-891	-894	-985	-1,029	-1,036
Accumulated Other Comprehensive Income / (Loss)	-3.81	-3.70	-2.85	-2.99	-2.18	-1.00	-0.50	-0.31	-0.18	-0.60

This table displays calculated financial ratios and metrics derived from Paycom Software's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.85%	46.51%	31.57%	30.78%	30.25%	14.07%	25.44%	30.29%	23.16%	11.19%
EBITDA Growth	82.38%	159.76%	27.70%	38.15%	31.50%	-11.38%	35.73%	50.14%	21.52%	35.73%
EBIT Growth	104.15%	191.97%	26.06%	36.41%	29.38%	-18.09%	37.65%	53.19%	20.96%	37.55%
NOPAT Growth	133.65%	229.69%	76.80%	8.68%	32.58%	-20.53%	35.19%	40.90%	19.03%	50.70%
Net Income Growth	269.86%	236.22%	75.35%	11.00%	31.74%	-20.56%	36.60%	43.60%	21.11%	47.30%
EPS Growth	227.27%	230.56%	76.47%	11.43%	32.05%	-20.39%	36.99%	43.62%	21.49%	51.70%
Operating Cash Flow Growth	92.38%	129.96%	31.71%	42.00%	21.34%	1.31%	40.56%	14.32%	32.84%	10.08%
Free Cash Flow Firm Growth	-71.70%	266.53%	-21.65%	-122.13%	2,131.14%	-101.93%	2,225.65%	46.29%	-45.71%	560.56%
Invested Capital Growth	-6.57%	-23.85%	-6.05%	21.30%	-92.00%	12.81%	-11.40%	-15.85%	5.29%	-88.99%
Revenue Q/Q Growth	10.35%	7.40%	6.44%	6.85%	6.20%	3.38%	6.46%	6.64%	3.93%	3.25%
EBITDA Q/Q Growth	34.62%	80.05%	-12.06%	5.77%	243.92%	-44.56%	13.38%	11.81%	0.55%	6.57%
EBIT Q/Q Growth	44.92%	96.90%	-14.52%	4.82%	474.81%	-51.06%	15.01%	12.94%	-0.58%	6.60%
NOPAT Q/Q Growth	54.84%	73.03%	13.92%	-11.73%	142.38%	-43.74%	13.80%	10.68%	1.17%	7.32%
Net Income Q/Q Growth	14.49%	74.46%	12.43%	-11.29%	8.38%	-12.78%	14.17%	12.50%	0.54%	6.76%
EPS Q/Q Growth	9.09%	77.61%	12.90%	-11.36%	8.42%	-12.77%	14.24%	12.30%	0.68%	7.60%
Operating Cash Flow Q/Q Growth	-0.45%	18.66%	11.78%	0.47%	4.12%	2.27%	13.04%	11.87%	1.25%	5.10%
Free Cash Flow Firm Q/Q Growth	-75.63%	30,414.59%	-36.59%	-148.03%	1,043.66%	-101.79%	-78.74%	141.13%	-14.32%	1,050.08%
Invested Capital Q/Q Growth	-14.03%	-52.46%	-22.62%	-8.74%	-183.71%	-6.27%	48.56%	-44.87%	-41.30%	-728.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	84.21%	83.57%	83.37%	83.97%	85.12%	85.32%	84.66%	84.53%	83.69%	82.23%
EBITDA Margin	19.82%	35.14%	34.11%	36.03%	36.38%	28.26%	30.58%	35.24%	34.77%	42.44%
Operating Margin	15.33%	30.91%	29.95%	30.67%	30.67%	22.12%	24.02%	27.54%	26.65%	33.68%
EBIT Margin	15.56%	31.00%	29.71%	30.98%	30.78%	22.10%	24.25%	28.51%	28.00%	34.64%
Profit (Net Income) Margin	9.32%	21.40%	28.52%	24.20%	24.48%	17.05%	18.57%	20.46%	20.12%	26.66%
Tax Burden Percent	62.48%	69.72%	96.68%	78.45%	79.87%	77.15%	76.56%	72.23%	72.14%	77.35%
Interest Burden Percent	95.92%	98.98%	99.29%	99.56%	99.59%	99.99%	100.00%	99.36%	99.60%	99.48%
Effective Tax Rate	37.52%	30.28%	3.32%	21.55%	20.13%	22.85%	23.44%	27.77%	27.86%	22.65%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	24.29%	65.56%	62.09%	44.50%	41.93%	24.27%	25.30%	27.11%	27.42%	34.87%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	4.18%	10.44%	9.79%	11.42%	11.33%	7.30%	8.79%	11.02%	11.71%	12.97%
Return on Assets (ROA)	2.50%	7.20%	9.40%	8.92%	9.01%	5.63%	6.73%	7.91%	8.41%	9.98%
Return on Common Equity (ROCE)	24.29%	65.56%	62.09%	44.50%	41.93%	24.27%	25.30%	27.11%	27.42%	34.87%
Return on Equity Simple (ROE_SIMPLE)	21.30%	60.43%	43.91%	40.95%	34.29%	21.88%	21.93%	23.79%	26.16%	31.85%
Net Operating Profit after Tax (NOPAT)	22	71	125	136	181	144	194	274	326	491
NOPAT Margin	9.58%	21.55%	28.96%	24.06%	24.49%	17.07%	18.39%	19.89%	19.22%	26.05%
Net Nonoperating Expense Percent (NNEP)	-0.08%	-0.06%	-0.19%	0.08%	-0.01%	-0.01%	0.10%	0.34%	0.59%	0.34%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	22.58%	24.99%	31.13%
Cost of Revenue to Revenue	15.79%	16.43%	16.63%	16.03%	14.88%	14.68%	15.34%	15.47%	16.31%	17.77%
SG&A Expenses to Revenue	21.29%	17.98%	18.53%	17.06%	17.29%	21.18%	19.88%	17.39%	17.01%	8.42%
R&D to Revenue	3.84%	6.37%	7.03%	8.17%	9.91%	10.73%	11.22%	10.78%	11.75%	12.88%
Operating Expenses to Revenue	68.88%	52.66%	53.41%	53.30%	54.46%	63.20%	60.64%	57.00%	57.04%	48.55%
Earnings before Interest and Taxes (EBIT)	35	102	129	175	227	186	256	392	474	652
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	45	116	148	204	268	238	323	485	589	799
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	22.42	23.26	16.76	21.25	29.10	40.00	27.64	15.55	9.48	7.50
Price to Tangible Book Value (P/TBV)	51.33	43.18	20.63	25.15	32.28	43.46	31.51	17.08	10.28	8.00
Price to Revenue (P/Rev)	9.81	8.23	10.88	12.56	20.77	31.17	23.40	13.37	7.29	6.28
Price to Earnings (P/E)	105.24	38.48	38.16	51.90	84.86	182.82	126.04	65.34	36.24	23.54
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	0.73%
Earnings Yield	0.95%	2.60%	2.62%	1.93%	1.18%	0.55%	0.79%	1.53%	2.76%	4.25%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	6.60	5.53	8.34	10.83	18.38	29.11	21.41	11.50	5.74	4.12
Enterprise Value to EBITDA (EV/EBITDA)	33.29	15.75	24.46	30.06	50.53	102.99	70.03	32.63	16.52	9.70
Enterprise Value to EBIT (EV/EBIT)	42.42	17.85	28.08	34.96	59.73	131.70	88.31	40.32	20.51	11.88
Enterprise Value to NOPAT (EV/NOPAT)	68.91	25.68	28.81	45.01	75.05	170.55	116.44	57.80	29.88	15.80
Enterprise Value to Operating Cash Flow (EV/OCF)	34.50	18.43	27.76	33.19	60.46	107.79	70.78	43.31	20.06	14.52
Enterprise Value to Free Cash Flow (EV/FCFF)	24.74	8.29	20.99	0.00	17.53	0.00	71.27	34.08	38.62	4.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.26	0.13	0.10	0.06	0.05	0.03	0.02	0.00	0.00
Long-Term Debt to Equity	0.25	0.25	0.12	0.10	0.06	0.04	0.03	0.02	0.00	0.00
Financial Leverage	-8.01	-7.50	-5.00	-3.38	-3.18	-2.96	-2.47	-2.25	-2.09	-2.32
Leverage Ratio	9.71	9.10	6.61	4.99	4.65	4.31	3.76	3.43	3.26	3.49
Compound Leverage Factor	9.31	9.01	6.56	4.97	4.63	4.31	3.76	3.41	3.25	3.48
Debt to Total Capital	20.75%	20.38%	11.15%	9.32%	5.84%	4.50%	3.16%	2.39%	0.00%	0.00%
Short-Term Debt to Total Capital	0.71%	0.76%	0.28%	0.48%	0.32%	0.26%	0.19%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.04%	19.62%	10.87%	8.84%	5.52%	4.24%	2.97%	2.39%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.25%	79.62%	88.85%	90.68%	94.17%	95.50%	96.84%	97.61%	100.00%	100.00%
Debt to EBITDA	0.58	0.26	0.24	0.17	0.12	0.13	0.09	0.06	0.00	0.00
Net Debt to EBITDA	-16.21	-7.68	-7.45	-4.80	-6.57	-7.29	-6.49	-5.31	0.00	0.00
Long-Term Debt to EBITDA	0.56	0.25	0.23	0.16	0.12	0.12	0.08	0.06	0.00	0.00
Debt to NOPAT	1.20	0.42	0.28	0.25	0.18	0.22	0.15	0.11	0.00	0.00
Net Debt to NOPAT	-33.55	-12.53	-8.77	-7.18	-9.76	-12.08	-10.79	-9.41	0.00	0.00
Long-Term Debt to NOPAT	1.16	0.40	0.27	0.24	0.17	0.20	0.14	0.11	0.00	0.00
Altman Z-Score	2.18	2.43	3.04	4.74	5.67	9.07	7.47	5.29	3.91	2.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.03	1.03	1.03	1.07	1.09	1.13	1.16	1.11	1.10
Quick Ratio	0.07	0.07	0.04	0.05	0.08	0.09	0.14	0.18	0.12	0.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	60	220	172	-38	774	-15	317	464	252	1,664
Operating Cash Flow to CapEx	259.67%	227.12%	219.15%	308.51%	241.31%	241.45%	264.61%	275.13%	251.95%	276.78%
Free Cash Flow to Firm to Interest Expense	41.99	211.99	188.89	-49.72	822.88	-785.25	0.00	185.58	132.57	489.36
Operating Cash Flow to Interest Expense	30.11	95.38	142.86	241.28	238.58	11,958.26	0.00	146.04	255.26	157.03
Operating Cash Flow Less CapEx to Interest Expense	18.52	53.39	77.67	163.07	139.71	7,005.53	0.00	92.96	153.95	100.29
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.34	0.33	0.37	0.37	0.33	0.36	0.39	0.42	0.37
Accounts Receivable Turnover	87.28	178.25	297.12	226.99	116.06	91.32	113.38	85.06	86.32	67.74
Inventory Turnover	55.08	61.16	87.10	102.21	112.27	107.01	141.88	155.37	183.77	239.00
Fixed Asset Turnover	4.21	4.23	3.54	3.49	3.55	3.21	3.33	3.66	3.76	3.55
Accounts Payable Turnover	8.93	12.52	14.09	14.21	19.36	20.87	25.78	19.49	18.45	17.70
Days Sales Outstanding (DSO)	4.18	2.05	1.23	1.61	3.15	4.00	3.22	4.29	4.23	5.39
Days Inventory Outstanding (DIO)	6.63	5.97	4.19	3.57	3.25	3.41	2.57	2.35	1.99	1.53
Days Payable Outstanding (DPO)	40.85	29.15	25.91	25.69	18.86	17.49	14.16	18.73	19.79	20.62
Cash Conversion Cycle (CCC)	-30.05	-21.14	-20.49	-20.51	-12.46	-10.08	-8.37	-12.09	-13.57	-13.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-623	-772	-819	-644	-1,237	-1,079	-1,202	-1,392	-1,318	-2,492
Invested Capital Turnover	-0.37	-0.47	-0.54	-0.77	-0.78	-0.73	-0.93	-1.06	-1.25	-0.99
Increase / (Decrease) in Invested Capital	-38	-149	-47	174	-593	159	-123	-190	74	-1,173
Enterprise Value (EV)	1,483	1,821	3,613	6,134	13,560	24,491	22,604	15,811	9,728	7,751
Market Capitalization	2,204	2,710	4,713	7,113	15,323	26,225	24,699	18,386	12,349	11,819
Book Value per Share	$1.66	$1.94	$4.75	$5.71	$9.02	$11.21	$14.89	$19.70	$21.63	$27.33
Tangible Book Value per Share	$0.73	$1.04	$3.86	$4.83	$8.13	$10.31	$13.06	$17.94	$19.94	$25.63
Total Capital	124	146	317	369	559	687	923	1,212	1,303	1,576
Total Debt	26	30	35	34	33	31	29	29	0.00	0.00
Total Long-Term Debt	25	29	34	33	31	29	27	29	0.00	0.00
Net Debt	-722	-889	-1,100	-979	-1,764	-1,734	-2,095	-2,575	-2,621	-4,068
Capital Expenditures (CapEx)	17	44	59	60	93	94	121	133	193	193
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-713	-891	-1,098	-976	-1,677	-1,617	-1,861	-2,217	-2,343	-3,670
Debt-free Net Working Capital (DFNWC)	34	28	37	38	119	148	263	387	279	398
Net Working Capital (NWC)	34	27	36	36	118	147	262	387	279	398
Net Nonoperating Expense (NNE)	0.57	0.51	1.91	-0.78	0.11	0.14	-1.83	-7.87	-15	-11
Net Nonoperating Obligations (NNO)	-722	-889	-1,100	-979	-1,764	-1,734	-2,095	-2,575	-2,621	-4,068
Total Depreciation and Amortization (D&A)	9.58	14	19	29	41	52	67	93	115	147
Debt-free, Cash-free Net Working Capital to Revenue	-317.35%	-270.58%	-253.62%	-172.30%	-227.35%	-192.15%	-176.32%	-161.18%	-138.31%	-194.85%
Debt-free Net Working Capital to Revenue	15.35%	8.45%	8.54%	6.66%	16.18%	17.63%	24.95%	28.15%	16.46%	21.13%
Net Working Capital to Revenue	14.96%	8.11%	8.34%	6.35%	15.94%	17.42%	24.79%	28.15%	16.46%	21.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$0.76	$1.15	$2.37	$3.14	$2.49	$3.39	$4.86	$5.91	$8.93
Adjusted Weighted Average Basic Shares Outstanding	56.50M	57.55M	57.84M	57.71M	57.56M	57.62M	57.89M	57.93M	57.71M	56.21M
Adjusted Diluted Earnings per Share	$0.36	$0.74	$1.13	$2.34	$3.09	$2.46	$3.37	$4.84	$5.88	$8.92
Adjusted Weighted Average Diluted Shares Outstanding	57.92M	58.97M	58.79M	58.58M	58.40M	58.29M	58.19M	58.18M	57.97M	56.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.10M	59.49M	59.18M	58.60M	58.85M	60.19M	60.21M	60.32M	57.55M	57.26M
Normalized Net Operating Profit after Tax (NOPAT)	22	71	125	136	181	144	194	274	326	491
Normalized NOPAT Margin	9.58%	21.55%	28.96%	24.06%	24.49%	17.07%	18.39%	19.89%	19.22%	26.05%
Pre Tax Income Margin	14.92%	30.69%	29.50%	30.85%	30.65%	22.10%	24.25%	28.33%	27.89%	34.46%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	24.49	98.50	141.21	229.08	241.52	9,787.11	0.00	156.84	249.63	191.88
NOPAT to Interest Expense	15.08	68.46	137.65	177.92	192.22	7,557.75	0.00	109.41	171.36	144.30
EBIT Less CapEx to Interest Expense	12.90	56.50	76.02	150.88	142.65	4,834.37	0.00	103.76	148.32	135.15
NOPAT Less CapEx to Interest Expense	3.48	26.47	72.46	99.71	93.35	2,605.01	0.00	56.33	70.04	87.57
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.01%	16.89%
Augmented Payout Ratio	0.00%	50.50%	46.06%	76.74%	0.00%	36.28%	0.00%	33.65%	103.11%	41.35%

This table displays calculated financial ratios and metrics derived from Paycom Software's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	30.44%	30.04%	27.75%	26.57%	21.59%	17.28%	10.68%	9.07%	11.23%	13.63%
EBITDA Growth	64.51%	57.63%	29.42%	26.98%	31.41%	2.32%	67.71%	11.87%	12.21%	34.44%
EBIT Growth	75.22%	64.17%	30.36%	27.68%	34.02%	-2.41%	74.74%	6.93%	6.69%	36.02%
NOPAT Growth	70.30%	55.55%	26.91%	6.49%	38.85%	5.01%	110.76%	7.56%	-0.67%	42.76%
Net Income Growth	71.67%	64.24%	29.77%	12.49%	44.23%	2.26%	107.20%	5.35%	-2.58%	38.89%
EPS Growth	73.08%	63.10%	30.38%	12.12%	44.44%	2.92%	112.14%	8.11%	0.77%	44.68%
Operating Cash Flow Growth	-18.64%	43.16%	24.63%	104.71%	45.63%	4.65%	1.73%	24.75%	-5.88%	19.31%
Free Cash Flow Firm Growth	-197.96%	55.00%	-200.14%	-213.87%	103.29%	-98.39%	123.12%	112.21%	-1,387.61%	30,032.22%
Invested Capital Growth	58.87%	-15.85%	53.17%	58.82%	2.90%	5.29%	-8.59%	-10.85%	67.77%	-88.99%
Revenue Q/Q Growth	5.44%	10.90%	21.86%	-11.18%	1.29%	6.97%	15.02%	-12.48%	3.30%	9.28%
EBITDA Q/Q Growth	4.62%	39.99%	37.76%	-37.08%	8.27%	9.00%	125.73%	-58.03%	8.60%	30.60%
EBIT Q/Q Growth	4.26%	50.61%	44.81%	-43.85%	9.43%	9.67%	159.25%	-65.64%	9.18%	39.82%
NOPAT Q/Q Growth	-9.66%	44.31%	55.69%	-47.53%	17.80%	9.14%	212.42%	-73.22%	8.78%	56.86%
Net Income Q/Q Growth	-9.07%	53.32%	49.21%	-45.92%	16.59%	8.71%	202.34%	-72.50%	7.81%	54.98%
EPS Q/Q Growth	-9.09%	52.22%	50.37%	-46.12%	17.12%	8.46%	209.93%	-72.54%	9.17%	55.73%
Operating Cash Flow Q/Q Growth	30.86%	89.77%	13.74%	-27.53%	-6.90%	36.37%	10.54%	-11.13%	-29.76%	72.87%
Free Cash Flow Firm Q/Q Growth	-199.48%	119.99%	-712.80%	6.58%	102.88%	-90.22%	8,778.13%	-50.67%	-403.51%	328.82%
Invested Capital Q/Q Growth	64.13%	-44.87%	-9.90%	27.88%	15.43%	-41.30%	-26.01%	26.38%	75.41%	-728.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.51%	84.07%	85.56%	83.19%	83.03%	82.81%	84.27%	80.83%	80.45%	83.05%
EBITDA Margin	29.92%	37.77%	42.71%	30.26%	32.34%	32.96%	64.71%	31.04%	32.63%	38.99%
Operating Margin	22.22%	28.56%	35.52%	21.75%	23.85%	24.55%	57.18%	21.75%	23.21%	30.06%
EBIT Margin	22.83%	31.01%	36.85%	23.30%	25.17%	25.80%	58.18%	22.84%	24.14%	30.89%
Profit (Net Income) Margin	15.61%	21.58%	26.41%	16.08%	18.51%	18.81%	49.45%	15.54%	16.21%	22.99%
Tax Burden Percent	69.27%	70.14%	72.04%	69.49%	73.71%	73.06%	85.22%	68.56%	67.65%	74.96%
Interest Burden Percent	98.67%	99.21%	99.50%	99.36%	99.78%	99.79%	99.73%	99.22%	99.28%	99.31%
Effective Tax Rate	30.73%	29.86%	27.96%	30.51%	26.29%	26.94%	14.78%	31.44%	32.35%	25.04%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	26.31%	27.11%	26.35%	26.32%	27.14%	27.42%	33.81%	33.33%	32.58%	34.87%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	7.82%	11.98%	11.21%	8.21%	11.44%	10.79%	22.58%	9.83%	11.98%	11.57%
Return on Assets (ROA)	5.34%	8.34%	8.04%	5.67%	8.42%	7.87%	19.20%	6.69%	8.05%	8.61%
Return on Common Equity (ROCE)	26.31%	27.11%	26.35%	26.32%	27.14%	27.42%	33.81%	33.33%	32.58%	34.87%
Return on Equity Simple (ROE_SIMPLE)	23.24%	0.00%	23.14%	22.46%	23.85%	0.00%	32.59%	33.10%	32.10%	0.00%
Net Operating Profit after Tax (NOPAT)	51	74	116	61	71	78	244	65	71	111
NOPAT Margin	15.39%	20.03%	25.59%	15.12%	17.58%	17.94%	48.73%	14.91%	15.70%	22.54%
Net Nonoperating Expense Percent (NNEP)	0.03%	0.25%	0.10%	0.13%	0.17%	0.15%	0.12%	0.11%	0.11%	0.07%
Return On Investment Capital (ROIC_SIMPLE)	-	6.13%	-	-	-	5.98%	-	-	-	7.06%
Cost of Revenue to Revenue	16.49%	15.93%	14.44%	16.81%	16.97%	17.19%	15.73%	19.17%	19.55%	16.95%
SG&A Expenses to Revenue	18.16%	16.19%	14.53%	18.94%	17.68%	17.19%	-9.62%	16.02%	15.63%	13.36%
R&D to Revenue	12.08%	10.67%	9.45%	12.24%	12.76%	12.74%	10.10%	14.26%	13.95%	13.50%
Operating Expenses to Revenue	61.29%	55.51%	50.03%	61.44%	59.18%	58.26%	27.09%	59.08%	57.24%	52.98%
Earnings before Interest and Taxes (EBIT)	76	115	166	93	102	112	291	100	109	153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	100	140	193	121	131	143	323	136	147	193
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	18.24	15.55	13.62	13.66	10.94	9.48	8.32	5.83	6.53	7.50
Price to Tangible Book Value (P/TBV)	20.25	17.08	14.78	14.75	11.79	10.28	8.95	6.27	7.01	8.00
Price to Revenue (P/Rev)	15.22	13.37	12.34	12.34	9.54	7.29	6.87	4.67	5.25	6.28
Price to Earnings (P/E)	78.48	65.34	58.86	60.84	45.85	36.24	25.52	17.61	20.35	23.54
Dividend Yield	0.00%	0.00%	0.00%	0.12%	0.29%	0.55%	0.76%	1.05%	0.90%	0.73%
Earnings Yield	1.27%	1.53%	1.70%	1.64%	2.18%	2.76%	3.92%	5.68%	4.92%	4.25%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	13.64	11.50	10.39	10.73	8.09	5.74	5.09	3.18	4.28	4.12
Enterprise Value to EBITDA (EV/EBITDA)	40.59	32.63	28.97	30.15	22.52	16.52	12.31	7.71	10.40	9.70
Enterprise Value to EBIT (EV/EBIT)	50.68	40.32	35.53	37.04	27.64	20.51	14.80	9.36	12.75	11.88
Enterprise Value to NOPAT (EV/NOPAT)	71.19	57.80	51.37	55.36	40.98	29.88	19.57	12.37	17.06	15.80
Enterprise Value to Operating Cash Flow (EV/OCF)	53.91	43.31	38.86	37.29	27.53	20.06	18.17	11.02	15.36	14.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	34.08	0.00	0.00	44.86	38.62	15.17	9.81	0.00	4.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.02	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.03	0.02	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-2.73	-2.25	-3.05	-2.58	-1.76	-2.09	-2.15	-1.82	-1.43	-2.32
Leverage Ratio	3.96	3.43	4.13	3.68	2.87	3.26	3.24	2.92	2.55	3.49
Compound Leverage Factor	3.91	3.40	4.11	3.66	2.86	3.25	3.23	2.89	2.53	3.47
Debt to Total Capital	2.62%	2.39%	2.13%	2.02%	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	2.62%	2.39%	2.13%	2.02%	2.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.38%	97.61%	97.87%	97.98%	98.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.07	0.06	0.05	0.05	0.05	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-4.70	-5.31	-5.42	-4.53	-4.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.07	0.06	0.05	0.05	0.05	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.12	0.11	0.10	0.10	0.09	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-8.24	-9.41	-9.61	-8.32	-7.32	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.12	0.11	0.10	0.10	0.09	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.32	5.05	4.80	5.64	5.01	3.62	3.34	2.87	4.28	2.60
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.17	1.16	1.19	1.24	1.24	1.11	1.12	1.13	1.19	1.10
Quick Ratio	0.18	0.18	0.20	0.25	0.24	0.12	0.13	0.15	0.21	0.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,324	265	-1,622	-1,515	44	4.26	375	185	-561	1,284
Operating Cash Flow to CapEx	278.33%	315.93%	359.70%	247.63%	188.62%	236.43%	311.51%	289.64%	192.44%	312.26%
Free Cash Flow to Firm to Interest Expense	-1,300.22	289.88	-1,937.57	-2,516.76	196.38	17.84	479.46	236.52	-711.48	1,226.83
Operating Cash Flow to Interest Expense	66.49	140.69	174.56	175.89	444.05	562.47	190.07	168.92	117.59	153.19
Operating Cash Flow Less CapEx to Interest Expense	42.60	96.16	126.03	104.86	208.62	324.57	129.06	110.60	56.49	104.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.34	0.39	0.30	0.35	0.45	0.42	0.39	0.43	0.50	0.37
Accounts Receivable Turnover	92.44	85.06	82.43	85.88	107.06	86.32	92.17	98.17	100.98	67.74
Inventory Turnover	171.32	155.37	283.49	195.82	225.98	183.77	215.06	267.49	300.47	239.00
Fixed Asset Turnover	3.62	3.66	3.76	3.80	3.82	3.76	3.70	3.64	3.57	3.55
Accounts Payable Turnover	20.37	19.49	20.65	22.48	30.49	18.45	18.69	26.07	15.53	17.70
Days Sales Outstanding (DSO)	3.95	4.29	4.43	4.25	3.41	4.23	3.96	3.72	3.61	5.39
Days Inventory Outstanding (DIO)	2.13	2.35	1.29	1.86	1.62	1.99	1.70	1.36	1.21	1.53
Days Payable Outstanding (DPO)	17.92	18.73	17.68	16.24	11.97	19.79	19.53	14.00	23.51	20.62
Cash Conversion Cycle (CCC)	-11.84	-12.09	-11.96	-10.12	-6.95	-13.57	-13.88	-8.92	-18.68	-13.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-961	-1,392	-1,530	-1,103	-933	-1,318	-1,661	-1,223	-301	-2,492
Invested Capital Turnover	-0.78	-1.06	-0.61	-0.82	-1.72	-1.25	-1.09	-1.53	-2.96	-0.99
Increase / (Decrease) in Invested Capital	1,375	-190	1,737	1,576	28	74	-131	-120	632	-1,173
Enterprise Value (EV)	17,594	15,811	15,310	16,711	13,188	9,728	8,861	5,662	7,801	7,751
Market Capitalization	19,631	18,386	18,174	19,221	15,543	12,349	11,960	8,312	9,567	11,819
Book Value per Share	$17.93	$19.70	$22.12	$23.33	$23.51	$21.63	$25.43	$24.55	$25.50	$27.33
Tangible Book Value per Share	$16.15	$17.94	$20.38	$21.61	$21.80	$19.94	$23.65	$22.83	$23.78	$25.63
Total Capital	1,105	1,212	1,363	1,436	1,450	1,303	1,438	1,427	1,465	1,576
Total Debt	29	29	29	29	29	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	29	29	29	29	29	0.00	0.00	0.00	0.00	0.00
Net Debt	-2,037	-2,575	-2,864	-2,510	-2,354	-2,621	-3,099	-2,650	-1,765	-4,068
Capital Expenditures (CapEx)	24	41	41	43	52	57	48	46	48	51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,736	-2,217	-2,404	-2,018	-1,890	-2,343	-2,745	-2,330	-1,447	-3,670
Debt-free Net Working Capital (DFNWC)	331	387	490	521	493	279	354	319	318	398
Net Working Capital (NWC)	331	387	490	521	493	279	354	319	318	398
Net Nonoperating Expense (NNE)	-0.71	-5.72	-3.72	-3.88	-3.79	-3.81	-3.60	-2.75	-2.33	-2.27
Net Nonoperating Obligations (NNO)	-2,037	-2,575	-2,864	-2,510	-2,354	-2,621	-3,099	-2,650	-1,765	-4,068
Total Depreciation and Amortization (D&A)	24	25	26	28	29	31	33	36	38	40
Debt-free, Cash-free Net Working Capital to Revenue	-134.59%	-161.18%	-163.15%	-129.53%	-115.99%	-138.31%	-157.60%	-131.03%	-79.34%	-194.85%
Debt-free Net Working Capital to Revenue	25.64%	28.15%	33.23%	33.48%	30.25%	16.46%	20.32%	17.96%	17.45%	21.13%
Net Working Capital to Revenue	25.64%	28.15%	33.23%	33.48%	30.25%	16.46%	20.32%	17.96%	17.45%	21.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.90	$1.39	$2.06	$1.11	$1.30	$1.44	$4.37	$1.20	$1.31	$2.05
Adjusted Weighted Average Basic Shares Outstanding	57.87M	57.93M	57.87M	57.92M	57.83M	57.71M	56.55M	56.45M	55.93M	56.21M
Adjusted Diluted Earnings per Share	$0.90	$1.37	$2.06	$1.11	$1.30	$1.41	$4.37	$1.20	$1.31	$2.04
Adjusted Weighted Average Diluted Shares Outstanding	58.03M	58.18M	57.99M	58.03M	57.97M	57.97M	56.55M	56.77M	55.96M	56.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.02M	60.32M	60.29M	60.47M	60.23M	57.55M	58.11M	57.43M	57.66M	57.26M
Normalized Net Operating Profit after Tax (NOPAT)	51	74	116	61	71	78	244	65	71	111
Normalized NOPAT Margin	15.39%	20.03%	25.59%	15.12%	17.58%	17.94%	48.73%	14.91%	15.70%	22.54%
Pre Tax Income Margin	22.53%	30.76%	36.67%	23.15%	25.11%	25.75%	58.02%	22.66%	23.97%	30.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	74.96	125.88	198.85	155.23	460.64	469.26	371.90	127.78	138.28	145.70
NOPAT to Interest Expense	50.53	81.32	138.08	100.73	321.76	326.20	311.49	83.41	89.92	106.30
EBIT Less CapEx to Interest Expense	51.07	81.34	150.32	84.20	225.22	231.36	310.88	69.46	77.17	96.64
NOPAT Less CapEx to Interest Expense	26.64	36.78	89.55	29.70	86.33	88.30	250.47	25.09	28.82	57.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	6.88%	12.79%	19.01%	18.36%	18.11%	18.11%	16.89%
Augmented Payout Ratio	37.84%	33.65%	30.66%	6.88%	34.92%	103.11%	79.51%	95.92%	89.24%	41.35%

Frequently Asked Questions About Paycom Software's Financials

When does Paycom Software's financial year end?

According to the most recent income statement we have on file, Paycom Software's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Paycom Software's net income changed over the last 9 years?

Paycom Software's net income appears to be on an upward trend, with a most recent value of $502 million in 2024, rising from $20.95 million in 2015. The previous period was $340.80 million in 2023.

What is Paycom Software's operating income?

Paycom Software's total operating income in 2024 was $634.30 million, based on the following breakdown:

Total Gross Profit: $1.55 billion
Total Operating Expenses: $914.30 million

How has Paycom Software revenue changed over the last 9 years?

Over the last 9 years, Paycom Software's total revenue changed from $224.65 million in 2015 to $1.88 billion in 2024, a change of 738.3%.

How much debt does Paycom Software have?

Paycom Software's total liabilities were at $4.28 billion at the end of 2024, a 48.0% increase from 2023, and a 450.4% increase since 2015.

How much cash does Paycom Software have?

In the past 9 years, Paycom Software's cash and equivalents has ranged from $45.72 million in 2018 to $402 million in 2024, and is currently $402 million as of their latest financial filing in 2024.

How has Paycom Software's book value per share changed over the last 9 years?

Over the last 9 years, Paycom Software's book value per share changed from 1.66 in 2015 to 27.33 in 2024, a change of 1,543.0%.

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This page (NYSE:PAYC) was last updated on 4/30/2025 by MarketBeat.com Staff

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Paycom Software (PAYC) Financials

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