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Weak Statutory Earnings May Not Tell The Whole Story For Paycom Software (NYSE:PAYC)
Thu 15 May 25, 10:23 AMHR Software Stocks Q1 Earnings: Paylocity (NASDAQ:PCTY) Best of the Bunch
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Wed 14 May 25, 03:35 AM2 Mid-Cap Stocks for Long-Term Investors and 1 to Brush Off
Mon 12 May 25, 04:32 AMResults: Paycom Software, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
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Fri 09 May 25, 12:31 AMQ1 2025 Paycom Software Inc Earnings Call
Thu 08 May 25, 12:37 PMPaycom Stock Gains as Q1 Earnings and Revenues Beat Estimates
Thu 08 May 25, 10:29 AM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 389.58M | 255.96M | 185.94M | 226.09M | 174.71M |
| Minority interest | - | - | - | - | - |
| Net income | 281.39M | 195.96M | 143.45M | 180.58M | 137.06M |
| Selling general administrative | 239.13M | 209.84M | 178.20M | 127.53M | 96.61M |
| Selling and marketing expenses | 346.56M | 275.99M | 235.72M | 179.29M | 143.88M |
| Gross profit | 1162.48M | 893.64M | 717.89M | 627.92M | 475.57M |
| Reconciled depreciation | 92.70M | 67.22M | 53.37M | 42.21M | 29.66M |
| Ebit | 378.68M | 253.57M | 186.12M | 226.22M | 175.48M |
| Ebitda | 484.81M | 323.18M | 239.33M | 269.24M | 205.13M |
| Depreciation and amortization | 106.13M | 69.62M | 53.20M | 43.01M | 29.66M |
| Non operating income net other | 13.44M | 2.40M | -0.16800M | 0.80M | 1.76M |
| Operating income | 378.68M | 253.57M | 186.12M | 226.22M | 173.72M |
| Other operating expenses | 996.54M | 801.96M | 655.31M | 511.45M | 392.62M |
| Interest expense | 2.54M | 2.40M | 0.02M | 0.94M | 0.77M |
| Tax provision | 108.19M | 60.00M | 42.48M | 45.51M | 37.65M |
| Interest income | - | - | - | 0.46M | 0.03M |
| Net interest income | -2.53600M | 0.00000M | -0.01900M | -0.94000M | -0.76600M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 108.19M | 60.00M | 42.48M | 45.51M | 37.65M |
| Total revenue | 1375.22M | 1055.52M | 841.43M | 737.67M | 566.34M |
| Total operating expenses | 783.80M | 640.07M | 531.76M | 401.70M | 301.86M |
| Cost of revenue | 212.74M | 161.89M | 123.55M | 109.75M | 90.76M |
| Total other income expense net | 10.90M | 2.40M | -0.18700M | -0.13700M | 1.76M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 281.39M | 195.96M | 143.45M | 180.58M | 137.06M |
| Net income applicable to common shares | 281.39M | 195.96M | 143.45M | 180.58M | 136.91M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 3902.51M | 3215.14M | 2607.91M | 2486.92M | 1521.93M |
| Intangible assets | 54.02M | 58.03M | - | 0.53M | 0.74M |
| Earning assets | - | - | - | - | - |
| Other current assets | 2338.99M | 1947.03M | 1692.17M | 1722.96M | 1010.73M |
| Total liab | 2719.91M | 2321.43M | 1952.27M | 1960.29M | 1187.17M |
| Total stockholder equity | 1182.61M | 893.71M | 655.64M | 526.63M | 334.75M |
| Deferred long term liab | 238.62M | 461.85M | 185.86M | 156.36M | 225.46M |
| Other current liab | 2341.16M | 1966.59M | 1695.90M | 1735.59M | 1011.64M |
| Common stock | 0.62M | 0.62M | 0.62M | 0.61M | 0.61M |
| Capital stock | 0.62M | 0.62M | 0.62M | 0.61M | 0.61M |
| Retained earnings | 1196.97M | 915.58M | 719.62M | 576.17M | 395.59M |
| Other liab | 287.84M | 303.64M | 185.86M | 157.51M | 125.88M |
| Good will | 51.89M | 51.89M | 51.89M | 51.89M | 51.89M |
| Other assets | 590.21M | 504.24M | 406.20M | 297.84M | 227.71M |
| Cash | 400.73M | 277.98M | 151.71M | 133.67M | 45.72M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 2377.04M | 1990.41M | 1718.03M | 1753.52M | 1028.68M |
| Current deferred revenue | 19.82M | 16.28M | 13.57M | 11.11M | 8.98M |
| Net debt | -371.73000M | -248.82300M | -120.81600M | -101.03400M | -11.32900M |
| Short term debt | - | 1.77M | 1.77M | 1.77M | 1.77M |
| Short long term debt | - | 1.77M | 1.77M | 1.77M | 1.77M |
| Short long term debt total | 29.00M | 29.16M | 30.89M | 32.63M | 34.39M |
| Other stockholder equity | -11.28300M | -22.48800M | -64.59400M | -50.15100M | 21.52M |
| Property plant equipment | 402.45M | 348.95M | 285.22M | 238.46M | 176.96M |
| Total current assets | 2764.17M | 2252.04M | 1864.61M | 1871.10M | 1064.62M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | 1076.70M | 783.80M | 603.75M | 474.74M | 282.12M |
| Short term investments | - | - | - | - | - |
| Net receivables | 28.43M | 25.90M | 19.58M | 13.32M | 7.38M |
| Long term debt | 29.00M | 27.38M | 29.12M | 30.86M | 32.61M |
| Inventory | 1.61M | 1.13M | 1.15M | 1.16M | 0.80M |
| Accounts payable | 16.05M | 5.77M | 6.79M | 5.05M | 6.29M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -3.70300M | - | -178.11100M | -124.95000M | -82.96900M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | 0.62M | 0.62M | 0.62M | 0.61M | 0.61M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | 1196.97M | 915.58M | 719.62M | 576.17M | 395.59M |
| Treasury stock | -587.90500M | -488.08200M | -422.50200M | -307.65200M | -265.12400M |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 488.95M | 504.24M | 406.20M | 325.47M | 2.25M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 1138.34M | 963.11M | 743.31M | 615.82M | 457.30M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | 29.00M | 27.38M | 29.12M | 30.86M | 32.61M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -23.28600M | -257.67000M | -23.77500M | -126.61100M | 10.49M |
| Change to liabilities | 23.06M | 13.94M | -6.90000M | 7.28M | 15.47M |
| Total cashflows from investing activities | -23.28600M | -257.67000M | -117.87700M | -219.54500M | 62.62M |
| Net borrowings | -6.72300M | -1.77500M | -1.77500M | -1.79100M | -0.94600M |
| Total cash from financing activities | 254.59M | 165.72M | -165.90900M | 650.67M | -247.79600M |
| Change to operating activities | -125.44300M | -81.70500M | -86.77200M | -72.30000M | -52.85800M |
| Net income | 281.39M | 195.96M | 143.45M | 180.58M | 137.06M |
| Change in cash | 596.40M | 227.42M | -56.57900M | 655.39M | -0.35900M |
| Begin period cash flow | 1812.69M | 1585.28M | 1641.85M | 986.46M | 46.08M |
| End period cash flow | 2409.09M | 1812.69M | 1585.28M | 1641.85M | 45.72M |
| Total cash from operating activities | 365.10M | 319.36M | 227.21M | 224.26M | 184.82M |
| Issuance of capital stock | - | - | - | - | - |
| Depreciation | 92.70M | 67.22M | 53.37M | 42.21M | 29.66M |
| Other cashflows from investing activities | -4.12000M | -131.47800M | -23.77500M | -126.61100M | 112.04M |
| Dividends paid | - | - | - | - | - |
| Change to inventory | -0.22400M | 0.48M | -0.04100M | -0.40300M | -0.30600M |
| Change to account receivables | -13.35300M | -0.36000M | 0.17M | -5.88400M | -1.83800M |
| Sale purchase of stock | -94.65200M | 0.00000M | -52.04000M | 0.00000M | -105.18800M |
| Other cashflows from financing activities | 378.53M | 167.50M | -112.09400M | 652.45M | -141.72000M |
| Change to netincome | 91.51M | 129.75M | 113.48M | 69.73M | 57.17M |
| Capital expenditures | 136.80M | 126.19M | 94.10M | 92.93M | 59.91M |
| Change receivables | -13.35300M | -0.36000M | 0.17M | -5.88400M | -1.83800M |
| Cash flows other operating | -109.80300M | -84.85000M | -74.80100M | -68.34900M | -51.32900M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | 596.40M | 227.42M | -56.57900M | 655.39M | -0.35900M |
| Change in working capital | -100.52400M | -73.61000M | -80.96100M | -67.27300M | -37.81100M |
| Stock based compensation | 94.90M | 97.51M | 90.11M | 47.27M | 36.58M |
| Other non cash items | -0.14900M | -0.62200M | -0.14700M | 0.47M | -1.74700M |
| Free cash flow | 228.31M | 193.17M | 133.10M | 131.33M | 124.91M |
Sector: Technology Industry: Software - Application
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PAYC Paycom Software, Inc. |
-6.34 4.59% | 131.91 | 35.21 | 24.75 | 7.22 | 8.28 | 6.94 | 19.35 |
| CRM Salesforce.com Inc |
-3.88 1.95% | 194.91 | 100.89 | 27.47 | 7.42 | 4.34 | 7.44 | 26.81 |
| SAPGF SAP SE |
-10.99 5.36% | 194.00 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SAP SAP SE ADR |
-4.27 2.13% | 195.83 | 75.80 | 22.37 | 5.62 | 3.75 | 5.51 | 25.79 |
| INTU Intuit Inc |
-19.72 4.16% | 453.95 | 55.56 | 32.68 | 11.28 | 10.07 | 11.62 | 40.11 |
Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution provides a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, payroll card, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning and content subscriptions, as well as my analytics, which offer employment predictor reporting. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; COBRA administration; personnel action and performance discussion forms; surveys; and affordable care act applications, as well as Clue, which securely collect, track, and manage the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.
7501 West Memorial Road, Oklahoma City, OK, United States, 73142
| Name | Title | Year Born |
|---|---|---|
| Mr. Chad R. Richison | Founder, Pres, CEO & Chairman of Directors | 1970 |
| Mr. Craig E. Boelte | CFO, Treasurer & Corp. Sec. | 1963 |
| Mr. Bradley Scott Smith | Chief Information Officer | 1970 |
| Ms. Holly Faurot | Chief Sales Officer | 1985 |
| Mr. Justin Long | Exec. VP of Operations | 1978 |
| James Samford | Head of Investor Relations | NA |
| Matthew Paque | Gen. Counsel | NA |
| Ms. Tiffany McGowen | Director of Recruiting | NA |
| Ms. Kristy Ross | Head of the San Francisco Office | NA |
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