ADP vs DXC
Automatic Data Processing Inc. and DXC Technology Co., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADP | DXC |
|---|---|---|
| Revenue | $21.9B | $12.6B |
| Net income | $4.4B | $18.0M |
| Gross margin | 46.4% | 24.0% |
| Net margin | 20.1% | 0.2% |
| Return on equity | 72.2% | 0.6% |
| Diluted EPS | $10.94 | $0.10 |
| Dividend / share | $6.64 | · |
| Payout ratio | 59.5% | · |
| Free cash flow | · | $1.0B |
| Equity | $6.0B | $2.9B |
| Net debt / equity | 0.12× | 0.44× |
| Current ratio | 1.05× | 1.36× |
| Revenue CAGR 5y | 7.9% | −6.5% |
| Profit CAGR 5y | 11.2% | · |
ADP bills 1.7× the revenue of DXC, and keeps more of each dollar of revenue as profit (20.1% against 0.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ADP | DXC |
|---|---|---|
| FY2025 | $21.9B | $12.6B |
| FY2024 | $20.6B | $12.9B |
| FY2023 | $19.2B | $13.7B |
| FY2022 | $18.0B | $14.4B |
| FY2021 | $16.5B | $16.3B |
| FY2020 | $15.0B | $17.7B |
| FY2019 | $14.6B | $19.6B |
| FY2018 | $14.1B | $20.8B |
| FY2017 | $13.3B | $21.7B |
| FY2016 | $12.4B | $7.6B |
Bottom line
| Fiscal year | ADP | DXC |
|---|---|---|
| FY2025 | $4.4B | $18.0M |
| FY2024 | $4.1B | $389.0M |
| FY2023 | $3.8B | $91.0M |
| FY2022 | $3.4B | $-568.0M |
| FY2021 | $2.9B | $718.0M |
| FY2020 | $2.6B | $-149.0M |
| FY2019 | $2.5B | $-5.4B |
| FY2018 | $2.3B | $1.3B |
| FY2017 | $1.9B | $1.8B |
| FY2016 | $1.8B | $-123.0M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$9,303,400,000 | ADP |
| FY2024 | +$7,689,900,000 | ADP |
| FY2023 | +$5,535,600,000 | ADP |
| FY2022 | +$3,582,200,000 | ADP |
| FY2021 | +$233,300,000 | ADP |
| FY2020 | −$2,723,600,000 | DXC |
| FY2019 | −$4,987,200,000 | DXC |
| FY2018 | −$6,642,800,000 | DXC |
| FY2017 | −$8,458,800,000 | DXC |
| FY2016 | +$4,765,000,000 | ADP |
| FY2015 | +$4,561,800,000 | ADP |
The higher-revenue side has changed between ADP and DXC over this period. The gap has widened since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +19.9 pp | ADP |
| FY2024 | +16.8 pp | ADP |
| FY2023 | +18.9 pp | ADP |
| FY2022 | +22.9 pp | ADP |
| FY2021 | +13.3 pp | ADP |
| FY2020 | +18.1 pp | ADP |
| FY2019 | +44.3 pp | ADP |
| FY2018 | +10.2 pp | ADP |
| FY2017 | +6.0 pp | ADP |
| FY2016 | +15.8 pp | ADP |
| FY2015 | +9.1 pp | ADP |
ADP has kept the higher net margin in every one of these 11 fiscal years.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DXC's net margin has been more volatile than ADP's over the 11 comparable fiscal years — 9.1 percentage points of standard deviation against 2.4.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ADP led in net margin in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DXC's return on equity has been more volatile than ADP's over the 10 comparable fiscal years — 23.6 percentage points of standard deviation against 21.1.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ADP led in return on equity in every one of the 10 comparable fiscal years — a structural lead, not a recent swing.
10 of 18 comparable fiscal years — a year missing data on either side is not counted.