Paychex vs TriNet
PAYX and TNET side by side. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How PAYX and TNET compare
Paychex is the larger company, worth 14 times as much as TriNet ($39.9B against $3.0B).
On earnings, TriNet is cheaper: it trades at 17.5× trailing earnings, against 22.2× for Paychex.
Paychex grew revenue faster over the last twelve months (14.0% versus −4.2% for TriNet).
Paychex keeps more of each dollar of sales as profit, with a net margin of 27.4% compared with 3.6% at TriNet.
Both pay dividends: Paychex yields 5.1% and TriNet 1.8%.
Paychex scores higher on the StockData Score (20 against 12 for TriNet), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | PAYX | TNET |
|---|---|---|
| Size and price | ||
| Market cap | $39.9B | $3.0B |
| Share price | $112.12 | $64.28 |
| Change, 1 year | −4.5% | 9.7% |
| Change, 5 years | −10.0% | −39.4% |
| Beta (5Y) | 0.76 | 0.87 |
| Employees | 18K | 3,400 |
| StockData Score | ||
| Total score | 20 (better) | 12 |
| Valuation score | 4 (better) | 3 |
| Growth score | 3 (better) | 1 |
| Performance score | 3 | 3 |
| Health score | 4 (better) | 2 |
| Dividend score | 6 (better) | 3 |
| Valuation | ||
| P/E | 22.2× | 17.5× (better) |
| P/S | 6.0× | 0.6× (better) |
| P/B | 10.8× (better) | 22.2× |
| EV/EBITDA | 14.4× | – |
| P/FCF | 19.8× | 10.3× (better) |
| PEG | 5.08 | – |
| FCF yield | 5.1% | 9.7% (better) |
| Fair value | $125.36 | $77.80 |
| Margin of safety | 10.6% | 17.4% (better) |
| Growth | ||
| Revenue growth (TTM) | 14.0% (better) | −4.2% |
| Revenue growth, 5Y average | 9.9% (better) | 4.4% |
| Net income growth (TTM) | 11.9% | 29.3% (better) |
| EPS growth (TTM) | 13.3% | 36.8% (better) |
| EPS growth, 5Y average | 10.0% (better) | −4.3% |
| Profitability | ||
| Gross margin | 74.4% | – |
| Operating margin | 39.2% | – |
| Net margin | 27.4% (better) | 3.6% |
| FCF margin | 30.5% (better) | 5.9% |
| Return on equity | 47.1% | 142% (better) |
| Return on invested capital | 26.9% | – |
| Financial health | ||
| Debt / equity | 1.23 (better) | 6.74 |
| Net debt / EBITDA | 1.20 | – |
| Interest coverage | 9.7× | – |
| Current ratio | 1.28 (better) | 1.14 |
| Altman Z-score | 3.26 (better) | 1.64 |
| Piotroski F-score | 5 | 5 |
| Dividends and buybacks | ||
| Dividend yield | 5.1% (better) | 1.8% |
| Payout ratio | 90.0% | 30.8% |
| Years of dividend growth | 15 (better) | 2 |
| Dividend growth, 5Y average | 11.9% | – |
| Buyback yield | 1.1% | 5.3% (better) |
| Shareholder yield | 6.2% | 7.0% (better) |
| Ownership | ||
| Held by institutions | 83.3% | 95.7% |
| Held by insiders | 10.1% | 48.3% |
| Insider net buying, 12 months | −$3.6M | −$790K (better) |
| Superinvestors holding | 2 | – |
| Short interest, % of float | 5.9% | 7.8% |
Go deeper
- PAYX stock overview
- PAYX income statement
- PAYX valuation and score
- TNET stock overview
- TNET income statement
- TNET valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.