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Paychex (PAYX)
NASDAQ:PAYX
US Market

Paychex (PAYX) Ratios

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Paychex Ratios

PAYX's free cash flow for Q2 2026 was $0.74. For the 2026 fiscal year, PAYX's free cash flow was decreased by $ and operating cash flow was $0.38. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.27 1.28 1.37 1.30 1.25
Quick Ratio
1.27 1.28 1.37 1.30 1.25
Cash Ratio
0.22 0.23 0.28 0.21 0.07
Solvency Ratio
0.15 0.15 0.28 0.25 0.24
Operating Cash Flow Ratio
0.32 0.28 0.36 0.29 0.29
Short-Term Operating Cash Flow Coverage
5.46 4.66 101.48 166.61 173.05
Net Current Asset Value
$ -3.73B$ -3.52B$ 669.40M$ 474.90M$ 31.60M
Leverage Ratios
Debt-to-Assets Ratio
0.30 0.30 0.08 0.08 0.09
Debt-to-Equity Ratio
1.30 1.22 0.23 0.25 0.29
Debt-to-Capital Ratio
0.56 0.55 0.19 0.20 0.22
Long-Term Debt-to-Capital Ratio
0.54 0.52 0.17 0.19 0.21
Financial Leverage Ratio
4.26 4.01 2.73 3.02 3.12
Debt Service Coverage Ratio
3.38 3.77 34.00 36.65 35.32
Interest Coverage Ratio
10.03 20.95 58.29 55.40 50.27
Debt to Market Cap
0.13 0.09 0.02 0.02 0.02
Interest Debt Per Share
14.62 14.24 2.51 2.50 2.55
Net Debt to EBITDA
1.31 1.36 -0.25 -0.16 0.25
Profitability Margins
Gross Profit Margin
73.36%72.35%71.97%70.98%70.59%
EBIT Margin
38.38%40.94%42.73%40.60%39.90%
EBITDA Margin
44.13%44.70%46.07%44.13%44.06%
Operating Profit Margin
37.07%39.62%41.19%40.60%39.90%
Pretax Profit Margin
34.68%39.05%42.02%40.91%39.56%
Net Profit Margin
26.45%29.74%32.03%31.10%30.20%
Continuous Operations Profit Margin
26.45%29.74%32.03%31.10%30.20%
Net Income Per EBT
76.25%76.17%76.21%76.03%76.33%
EBT Per EBIT
93.57%98.56%102.02%100.74%99.16%
Return on Assets (ROA)
9.66%10.01%16.28%14.77%14.46%
Return on Equity (ROE)
39.66%40.15%44.47%44.58%45.14%
Return on Capital Employed (ROCE)
23.60%22.98%42.85%42.88%42.14%
Return on Invested Capital (ROIC)
17.23%16.77%32.54%32.40%31.92%
Return on Tangible Assets
15.68%16.40%20.35%18.27%18.38%
Earnings Yield
4.18%2.91%3.90%4.12%3.12%
Efficiency Ratios
Receivables Turnover
2.97 2.82 3.25 3.51 3.50
Payables Turnover
11.68 11.87 14.18 17.15 12.83
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
9.56 9.68 11.51 10.94 9.61
Asset Turnover
0.37 0.34 0.51 0.47 0.48
Working Capital Turnover Ratio
3.19 2.86 2.88 3.30 3.63
Cash Conversion Cycle
91.58 98.63 86.66 82.69 75.89
Days of Sales Outstanding
122.83 129.38 112.39 103.96 104.33
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
31.25 30.76 25.73 21.28 28.45
Operating Cycle
122.83 129.38 112.39 103.96 104.33
Cash Flow Ratios
Operating Cash Flow Per Share
6.35 5.42 5.27 4.72 4.17
Free Cash Flow Per Share
5.72 4.88 4.82 4.32 3.81
CapEx Per Share
0.63 0.53 0.45 0.40 0.37
Free Cash Flow to Operating Cash Flow
0.90 0.90 0.91 0.92 0.91
Dividend Paid and CapEx Coverage Ratio
1.31 1.19 1.29 1.29 1.33
Capital Expenditure Coverage Ratio
10.06 10.17 11.76 11.88 11.35
Operating Cash Flow Coverage Ratio
0.45 0.39 2.19 1.96 1.71
Operating Cash Flow to Sales Ratio
0.38 0.35 0.36 0.34 0.33
Free Cash Flow Yield
5.40%3.09%4.01%4.12%3.07%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
23.94 34.32 25.61 24.28 32.06
Price-to-Sales (P/S) Ratio
6.32 10.21 8.20 7.55 9.68
Price-to-Book (P/B) Ratio
9.84 13.78 11.39 10.83 14.47
Price-to-Free Cash Flow (P/FCF) Ratio
18.53 32.33 24.93 24.30 32.52
Price-to-Operating Cash Flow Ratio
16.72 29.15 22.81 22.25 29.66
Price-to-Earnings Growth (PEG) Ratio
-21.45 -17.88 2.99 2.04 1.21
Price-to-Fair Value
9.84 13.78 11.39 10.83 14.47
Enterprise Value Multiple
15.63 24.20 17.56 16.95 22.23
Enterprise Value
41.62B 60.27B 42.69B 37.46B 45.16B
EV to EBITDA
15.63 24.20 17.56 16.95 22.23
EV to Sales
6.90 10.82 8.09 7.48 9.79
EV to Free Cash Flow
20.23 34.26 24.59 24.07 32.90
EV to Operating Cash Flow
18.22 30.89 22.50 22.04 30.00
Tangible Book Value Per Share
-6.84 -6.48 4.78 4.08 2.85
Shareholders’ Equity Per Share
10.79 11.46 10.55 9.69 8.56
Tax and Other Ratios
Effective Tax Rate
0.24 0.24 0.24 0.24 0.24
Revenue Per Share
16.77 15.47 14.65 13.89 12.79
Net Income Per Share
4.44 4.60 4.69 4.32 3.86
Tax Burden
0.76 0.76 0.76 0.76 0.76
Interest Burden
0.90 0.95 0.98 1.01 0.99
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
0.02 0.02 0.01 0.01 0.01
Income Quality
1.43 1.18 1.12 1.09 1.08
Currency in USD