ADP vs RNG
Automatic Data Processing Inc. and RingCentral, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ADP | RNG |
|---|---|---|
| Revenue | $21.9B | $2.5B |
| Net income | $4.4B | $43.4M |
| Gross margin | 46.4% | 71.2% |
| Net margin | 20.1% | 1.7% |
| Return on equity | 72.2% | · |
| Diluted EPS | $10.94 | $0.48 |
| Dividend / share | $6.64 | · |
| Payout ratio | 59.5% | · |
| Free cash flow | · | $587.3M |
| Equity | $6.0B | $-588.1M |
| Net debt / equity | 0.12× | · |
| Current ratio | 1.05× | 0.63× |
| Revenue CAGR 5y | 7.9% | 16.3% |
| Profit CAGR 5y | 11.2% | · |
ADP bills 8.7× the revenue of RNG, and keeps more of each dollar of revenue as profit (20.1% against 1.7%).
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 | RNG |
|---|---|---|
| FY2025 | $21.9B | $2.5B |
| FY2024 | $20.6B | $2.4B |
| FY2023 | $19.2B | $2.2B |
| FY2022 | $18.0B | $2.0B |
| FY2021 | $16.5B | $1.6B |
| FY2020 | $15.0B | $1.2B |
| FY2019 | $14.6B | $902.9M |
| FY2018 | $14.1B | $673.6M |
| FY2017 | $13.3B | $503.6M |
| FY2016 | $12.4B | $380.4M |
Bottom line
| Fiscal year | ADP | RNG |
|---|---|---|
| FY2025 | $4.4B | $43.4M |
| FY2024 | $4.1B | $-58.3M |
| FY2023 | $3.8B | $-165.2M |
| FY2022 | $3.4B | $-879.2M |
| FY2021 | $2.9B | $-376.2M |
| FY2020 | $2.6B | $-83.0M |
| FY2019 | $2.5B | $-53.6M |
| FY2018 | $2.3B | $-26.2M |
| FY2017 | $1.9B | $-4.2M |
| FY2016 | $1.8B | $-16.2M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$19,432,258,000 | ADP |
| FY2024 | +$18,160,505,000 | ADP |
| FY2023 | +$17,000,171,000 | ADP |
| FY2022 | +$16,023,870,000 | ADP |
| FY2021 | +$14,903,546,000 | ADP |
| FY2020 | +$13,821,743,000 | ADP |
| FY2019 | +$13,686,942,000 | ADP |
| FY2018 | +$13,436,576,000 | ADP |
| FY2017 | +$12,770,583,000 | ADP |
| FY2016 | +$11,991,564,000 | ADP |
| FY2015 | +$11,371,572,000 | ADP |
| FY2014 | +$10,718,613,000 | ADP |
| FY2013 | +$10,065,895,000 | ADP |
| FY2012 | +$9,327,474,000 | ADP |
| FY2011 | +$10,516,523,000 | ADP |
ADP has reported the higher revenue in every one of these 15 fiscal years. The gap has widened since the earliest year compared.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +18.4 pp | ADP |
| FY2024 | +22.3 pp | ADP |
| FY2023 | +27.0 pp | ADP |
| FY2022 | +63.2 pp | ADP |
| FY2021 | +41.5 pp | ADP |
| FY2020 | +24.3 pp | ADP |
| FY2019 | +22.8 pp | ADP |
| FY2018 | +20.1 pp | ADP |
| FY2017 | +15.0 pp | ADP |
| FY2016 | +18.7 pp | ADP |
| FY2015 | +23.6 pp | ADP |
| FY2014 | +35.3 pp | ADP |
| FY2013 | +43.5 pp | ADP |
| FY2012 | +45.8 pp | ADP |
| FY2011 | +30.7 pp | ADP |
ADP has kept the higher net margin in every one of these 15 fiscal years.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RNG's net margin has been more volatile than ADP's over the 15 comparable fiscal years — 12.9 percentage points of standard deviation against 2.5.
15 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 15 comparable fiscal years — a structural lead, not a recent swing.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
RNG's return on equity has been more volatile than ADP's over the 11 comparable fiscal years — 1323.7 percentage points of standard deviation against 13.0.
11 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 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.