Stock Analysis on Net
Stock Analysis on Net

Paycom Software Inc. (NYSE:PAYC)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability ratios measure the company ability to generate profitable sales from its resources (assets).

Profitability Ratios (Summary)

Paycom Software Inc., profitability ratios (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Return on Sales
Gross profit margin 84.00% 84.15% 84.42% 84.53% 84.48% 84.50% 84.69% 84.66% 85.03% 85.34% 85.11% 85.32% 85.34% 85.51% 85.84% 85.12% 84.88% 84.56% 84.25% 83.97% — — —
Operating profit margin 27.64% 27.47% 28.02% 27.54% 26.48% 25.63% 25.09% 24.02% 22.31% 22.74% 21.97% 22.12% 25.82% 28.61% 32.43% 30.67% 30.14% 29.87% 30.24% 30.67% — — —
Net profit margin 20.80% 20.28% 20.96% 20.46% 19.40% 18.85% 19.64% 18.57% 17.31% 18.11% 16.65% 17.05% 20.21% 22.23% 25.16% 24.48% 23.99% 23.93% 23.38% 24.20% — — —
Return on Investment
Return on equity (ROE) 23.85% 22.46% 23.14% 23.79% 23.24% 22.97% 22.13% 21.93% 20.80% 21.30% 19.46% 21.88% 26.01% 30.06% 32.73% 34.29% 35.08% 35.93% 35.93% 40.95% — — —
Return on assets (ROA) 8.79% 8.00% 7.28% 7.21% 7.55% 4.67% 4.10% 6.09% 4.07% 5.22% 4.26% 5.50% 6.62% 9.17% 8.50% 7.26% 10.47% 8.55% 6.94% 9.01% — — —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Paycom Software Inc. gross profit margin ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Paycom Software Inc. operating profit margin ratio deteriorated from Q1 2023 to Q2 2023 but then slightly improved from Q2 2023 to Q3 2023.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Paycom Software Inc. net profit margin ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level.
Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Paycom Software Inc. ROE deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.
ROA A profitability ratio calculated as net income divided by total assets. Paycom Software Inc. ROA improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Gross Profit Margin

Paycom Software Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Gross profit 337,362 333,711 386,405 311,537 279,063 266,842 305,035 238,463 213,514 205,736 235,925 187,917 165,620 152,029 212,322 164,611 148,614 144,074 170,625 126,230 111,163 107,869 130,311
Revenues 406,303 401,139 451,637 370,608 334,167 316,924 353,519 284,986 256,194 242,146 272,198 220,947 196,532 181,587 242,368 193,409 175,006 169,313 199,943 150,332 133,288 128,800 153,916
Profitability Ratio
Gross profit margin1 84.00% 84.15% 84.42% 84.53% 84.48% 84.50% 84.69% 84.66% 85.03% 85.34% 85.11% 85.32% 85.34% 85.51% 85.84% 85.12% 84.88% 84.56% 84.25% 83.97% — — —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Gross profit margin = 100 × (Gross profitQ3 2023 + Gross profitQ2 2023 + Gross profitQ1 2023 + Gross profitQ4 2022) ÷ (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022)
= 100 × (337,362 + 333,711 + 386,405 + 311,537) ÷ (406,303 + 401,139 + 451,637 + 370,608) = 84.00%

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Paycom Software Inc. gross profit margin ratio deteriorated from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.

Operating Profit Margin

Paycom Software Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Operating income 96,901 87,266 160,432 105,834 74,265 72,313 126,267 68,626 43,305 47,090 94,546 36,247 34,036 26,576 89,264 60,294 50,556 52,886 62,488 43,413 36,245 43,037 51,020
Revenues 406,303 401,139 451,637 370,608 334,167 316,924 353,519 284,986 256,194 242,146 272,198 220,947 196,532 181,587 242,368 193,409 175,006 169,313 199,943 150,332 133,288 128,800 153,916
Profitability Ratio
Operating profit margin1 27.64% 27.47% 28.02% 27.54% 26.48% 25.63% 25.09% 24.02% 22.31% 22.74% 21.97% 22.12% 25.82% 28.61% 32.43% 30.67% 30.14% 29.87% 30.24% 30.67% — — —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2023 + Operating incomeQ2 2023 + Operating incomeQ1 2023 + Operating incomeQ4 2022) ÷ (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022)
= 100 × (96,901 + 87,266 + 160,432 + 105,834) ÷ (406,303 + 401,139 + 451,637 + 370,608) = 27.64%

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Paycom Software Inc. operating profit margin ratio deteriorated from Q1 2023 to Q2 2023 but then slightly improved from Q2 2023 to Q3 2023.

Net Profit Margin

Paycom Software Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income 75,219 64,516 119,296 79,951 52,153 57,355 91,930 48,687 30,379 52,278 64,616 24,367 27,482 28,589 63,015 45,380 39,152 48,762 47,282 31,414 28,769 35,722 41,160
Revenues 406,303 401,139 451,637 370,608 334,167 316,924 353,519 284,986 256,194 242,146 272,198 220,947 196,532 181,587 242,368 193,409 175,006 169,313 199,943 150,332 133,288 128,800 153,916
Profitability Ratio
Net profit margin1 20.80% 20.28% 20.96% 20.46% 19.40% 18.85% 19.64% 18.57% 17.31% 18.11% 16.65% 17.05% 20.21% 22.23% 25.16% 24.48% 23.99% 23.93% 23.38% 24.20% — — —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
Net profit margin = 100 × (Net incomeQ3 2023 + Net incomeQ2 2023 + Net incomeQ1 2023 + Net incomeQ4 2022) ÷ (RevenuesQ3 2023 + RevenuesQ2 2023 + RevenuesQ1 2023 + RevenuesQ4 2022)
= 100 × (75,219 + 64,516 + 119,296 + 79,951) ÷ (406,303 + 401,139 + 451,637 + 370,608) = 20.80%

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Paycom Software Inc. net profit margin ratio deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 not reaching Q1 2023 level.

Return on Equity (ROE)

Paycom Software Inc., ROE calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income 75,219 64,516 119,296 79,951 52,153 57,355 91,930 48,687 30,379 52,278 64,616 24,367 27,482 28,589 63,015 45,380 39,152 48,762 47,282 31,414 28,769 35,722 41,160
Stockholders’ equity 1,421,309 1,406,685 1,334,471 1,182,607 1,076,380 994,139 1,009,020 893,714 825,341 792,256 745,476 655,643 632,399 585,853 599,788 526,628 474,898 434,762 398,553 334,753 360,377 329,738 333,033
Profitability Ratio
ROE1 23.85% 22.46% 23.14% 23.79% 23.24% 22.97% 22.13% 21.93% 20.80% 21.30% 19.46% 21.88% 26.01% 30.06% 32.73% 34.29% 35.08% 35.93% 35.93% 40.95% — — —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
ROE = 100 × (Net incomeQ3 2023 + Net incomeQ2 2023 + Net incomeQ1 2023 + Net incomeQ4 2022) ÷ Stockholders’ equity
= 100 × (75,219 + 64,516 + 119,296 + 79,951) ÷ 1,421,309 = 23.85%

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Paycom Software Inc. ROE deteriorated from Q1 2023 to Q2 2023 but then improved from Q2 2023 to Q3 2023 exceeding Q1 2023 level.

Return on Assets (ROA)

Paycom Software Inc., ROA calculation (quarterly data)

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Selected Financial Data (US$ in thousands)
Net income 75,219 64,516 119,296 79,951 52,153 57,355 91,930 48,687 30,379 52,278 64,616 24,367 27,482 28,589 63,015 45,380 39,152 48,762 47,282 31,414 28,769 35,722 41,160
Total assets 3,856,101 3,951,341 4,241,622 3,902,513 3,314,570 4,891,703 5,444,574 3,215,145 4,218,038 3,233,087 3,406,773 2,607,912 2,485,199 1,921,500 2,309,725 2,486,917 1,592,027 1,826,192 2,062,828 1,521,926 1,468,186 1,418,965 1,608,130
Profitability Ratio
ROA1 8.79% 8.00% 7.28% 7.21% 7.55% 4.67% 4.10% 6.09% 4.07% 5.22% 4.26% 5.50% 6.62% 9.17% 8.50% 7.26% 10.47% 8.55% 6.94% 9.01% — — —

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Q3 2023 Calculation
ROA = 100 × (Net incomeQ3 2023 + Net incomeQ2 2023 + Net incomeQ1 2023 + Net incomeQ4 2022) ÷ Total assets
= 100 × (75,219 + 64,516 + 119,296 + 79,951) ÷ 3,856,101 = 8.79%

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Paycom Software Inc. ROA improved from Q1 2023 to Q2 2023 and from Q2 2023 to Q3 2023.