| Stage | PCTY | % of rev | ADP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $452M | 100.00% | $5.5B | 100.00% | ADP ×12.16 |
| Gross profit | $304M | 67.33% | $2.8B | 50.57% | PCTY +16.8pp |
| Operating income | $82M | 18.20% | $1.5B | 26.64% | ADP +8.4pp |
| Pre-tax income | $83M | 18.28% | $1.5B | 26.50% | ADP +8.2pp |
| Net income | $58M | 12.76% | $1.1B | 20.49% | ADP +7.7pp |
| Stage | PCTY | ADP | Gap · A − B |
|---|---|---|---|
| Revenue | $452M100.00% | $5.5B100.00% | ADP ×12.16 |
| Gross profit | 67.33%$304M | 50.57%$2.8B | PCTY +16.8pp |
| Operating income | 18.20%$82M | 26.64%$1.5B | ADP +8.4pp |
| Pre-tax income | 18.28%$83M | 26.50%$1.5B | ADP +8.2pp |
| Net income | 12.76%$58M | 20.49%$1.1B | ADP +7.7pp |