IT vs PAYX
Gartner Inc. and Paychex Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | IT | PAYX |
|---|---|---|
| Revenue | $6.5B | $6.5B |
| Net income | $729.2M | $1.8B |
| Gross margin | 68.8% | 74.3% |
| Net margin | 11.2% | 27.0% |
| Return on equity | 86.9% | 44.8% |
| Diluted EPS | $9.65 | $4.89 |
| Dividend / share | · | $4.43 |
| Payout ratio | · | 90.3% |
| Free cash flow | · | $2.3B |
| Equity | $319.9M | $3.7B |
| Net debt / equity | 3.94× | 0.93× |
| Current ratio | 1.00× | 1.26× |
| Revenue CAGR 5y | 9.6% | 9.9% |
| Profit CAGR 5y | 22.3% | · |
IT and PAYX book revenue within 15% of each other, and PAYX keeps more of each dollar of revenue as profit (27.0% against 11.2%).
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 | IT | PAYX |
|---|---|---|
| FY2025 | $6.5B | $6.5B |
| FY2024 | $6.3B | $5.6B |
| FY2023 | $5.9B | $5.3B |
| FY2022 | $5.5B | $5.0B |
| FY2021 | $4.7B | $4.6B |
| FY2020 | $4.1B | $4.1B |
| FY2019 | $4.2B | $4.0B |
| FY2018 | $4.0B | $3.8B |
| FY2017 | $3.3B | $3.4B |
| FY2016 | $2.4B | $3.2B |
Bottom line
| Fiscal year | IT | PAYX |
|---|---|---|
| FY2025 | $729.2M | $1.8B |
| FY2024 | $1.3B | $1.7B |
| FY2023 | $882.5M | $1.7B |
| FY2022 | $807.8M | $1.6B |
| FY2021 | $793.6M | $1.4B |
| FY2020 | $266.7M | $1.1B |
| FY2019 | $233.3M | $1.1B |
| FY2018 | $122.5M | $1.0B |
| FY2017 | $3.3M | $994.1M |
| FY2016 | $193.6M | $826.3M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$14,774,000 | PAYX |
| FY2024 | +$695,711,000 | IT |
| FY2023 | +$628,656,000 | IT |
| FY2022 | +$468,746,000 | IT |
| FY2021 | +$122,262,000 | IT |
| FY2020 | +$42,603,000 | IT |
| FY2019 | +$204,821,000 | IT |
| FY2018 | +$202,954,000 | IT |
| FY2017 | −$66,206,000 | PAYX |
| FY2016 | −$708,460,000 | PAYX |
| FY2015 | −$788,844,000 | PAYX |
| FY2014 | −$718,159,000 | PAYX |
| FY2013 | −$734,687,000 | PAYX |
| FY2012 | −$710,392,000 | PAYX |
| FY2011 | −$761,212,000 | PAYX |
| FY2010 | −$795,846,000 | PAYX |
| FY2009 | −$861,000,000 | PAYX |
| FY2008 | −$803,735,000 | PAYX |
The higher-revenue side has changed between IT and PAYX over this period. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
12 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −15.8 pp | PAYX |
| FY2024 | −9.7 pp | PAYX |
| FY2023 | −17.1 pp | PAYX |
| FY2022 | −16.3 pp | PAYX |
| FY2021 | −13.4 pp | PAYX |
| FY2014 | −15.5 pp | PAYX |
| FY2013 | −14.7 pp | PAYX |
| FY2012 | −14.2 pp | PAYX |
| FY2011 | −15.3 pp | PAYX |
| FY2010 | −17.3 pp | PAYX |
| FY2009 | −16.6 pp | PAYX |
| FY2008 | −17.5 pp | PAYX |
PAYX has kept the higher net margin in every one of these 12 fiscal years.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IT's net margin has been more volatile than PAYX's over the 12 comparable fiscal years — 3.9 percentage points of standard deviation against 2.9.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
PAYX led in net margin in every one of the 12 comparable fiscal years — a structural lead, not a recent swing.
12 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
IT's return on equity has been more volatile than PAYX's over the 14 comparable fiscal years — 70.3 percentage points of standard deviation against 4.5.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between IT and PAYX over these 14 fiscal years — IT led in 10 and PAYX in 4.
14 of 19 comparable fiscal years — a year missing data on either side is not counted.