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Paychex (PAYX)
NASDAQ:PAYX
US Market
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Paychex (PAYX) Ratios

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Paychex Ratios

PAYX's free cash flow for Q4 2025 was $0.72. For the 2025 fiscal year, PAYX's free cash flow was decreased by $ and operating cash flow was $0.32. See a summary of the company’s cash flow.
Ratios
TTM
Jun 25Jun 24Jun 23Jun 22
Liquidity Ratios
Current Ratio
1.28 1.37 1.30 1.25 1.25
Quick Ratio
1.28 1.37 1.30 1.25 1.25
Cash Ratio
0.23 0.28 0.21 0.07 0.20
Solvency Ratio
0.15 0.28 0.25 0.24 0.21
Operating Cash Flow Ratio
0.28 0.36 0.29 0.29 0.26
Short-Term Operating Cash Flow Coverage
4.69 101.48 166.61 173.05 170.31
Net Current Asset Value
$ -3.52B$ 669.40M$ 474.90M$ 31.60M$ -109.70M
Leverage Ratios
Debt-to-Assets Ratio
0.03 0.09 0.08 0.09 0.10
Debt-to-Equity Ratio
0.11 0.23 0.25 0.29 0.30
Debt-to-Capital Ratio
0.10 0.19 0.20 0.22 0.23
Long-Term Debt-to-Capital Ratio
0.01 0.17 0.19 0.21 0.21
Financial Leverage Ratio
4.01 2.73 3.02 3.12 3.13
Debt Service Coverage Ratio
3.77 34.00 36.65 35.32 30.46
Interest Coverage Ratio
20.95 58.29 55.40 50.27 40.80
Debt to Market Cap
<0.01 0.02 0.02 0.02 0.02
Interest Debt Per Share
1.61 2.56 2.50 2.55 2.59
Net Debt to EBITDA
-0.46 -0.24 -0.16 0.25 -0.06
Profitability Margins
Gross Profit Margin
72.35%71.97%70.98%70.59%68.66%
EBIT Margin
40.94%42.73%40.60%39.90%36.01%
EBITDA Margin
44.70%46.07%44.13%44.06%40.74%
Operating Profit Margin
39.62%41.19%40.60%39.90%36.01%
Pretax Profit Margin
39.05%42.02%40.91%39.56%35.35%
Net Profit Margin
29.74%32.03%31.10%30.20%27.05%
Continuous Operations Profit Margin
29.74%32.03%31.10%30.20%27.05%
Net Income Per EBT
76.17%76.21%76.03%76.33%76.52%
EBT Per EBIT
98.56%102.02%100.74%99.16%98.19%
Return on Assets (ROA)
10.01%16.28%14.77%14.46%11.89%
Return on Equity (ROE)
41.38%44.47%44.58%45.14%37.23%
Return on Capital Employed (ROCE)
22.98%42.85%42.88%42.14%34.06%
Return on Invested Capital (ROIC)
16.77%32.41%32.40%31.92%25.84%
Return on Tangible Assets
16.40%20.35%18.27%18.38%15.39%
Earnings Yield
3.18%3.90%4.12%3.12%3.02%
Efficiency Ratios
Receivables Turnover
2.82 3.25 3.51 3.50 3.85
Payables Turnover
11.87 14.18 17.15 12.83 14.28
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
9.68 11.51 10.94 9.61 8.13
Asset Turnover
0.34 0.51 0.47 0.48 0.44
Working Capital Turnover Ratio
2.63 2.88 3.30 3.63 3.58
Cash Conversion Cycle
98.63 86.66 82.69 75.89 69.24
Days of Sales Outstanding
129.38 112.39 103.96 104.33 94.79
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
30.76 25.73 21.28 28.45 25.55
Operating Cycle
129.38 112.39 103.96 104.33 94.79
Cash Flow Ratios
Operating Cash Flow Per Share
5.45 5.27 4.72 4.17 3.50
Free Cash Flow Per Share
4.91 4.82 4.32 3.81 3.18
CapEx Per Share
0.53 0.45 0.40 0.37 0.32
Free Cash Flow to Operating Cash Flow
0.90 0.91 0.92 0.91 0.91
Dividend Paid and CapEx Coverage Ratio
1.20 1.29 1.29 1.33 1.23
Capital Expenditure Coverage Ratio
10.23 11.76 11.88 11.35 11.00
Operating Cash Flow Coverage Ratio
4.14 2.14 1.96 1.71 1.40
Operating Cash Flow to Sales Ratio
0.35 0.36 0.34 0.33 0.31
Free Cash Flow Yield
3.40%4.01%4.12%3.07%3.15%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
31.43 25.61 24.28 32.06 33.12
Price-to-Sales (P/S) Ratio
9.35 8.20 7.55 9.68 8.96
Price-to-Book (P/B) Ratio
12.62 11.39 10.83 14.47 12.33
Price-to-Free Cash Flow (P/FCF) Ratio
29.41 24.93 24.30 32.52 31.72
Price-to-Operating Cash Flow Ratio
26.54 22.81 22.25 29.66 28.84
Price-to-Earnings Growth (PEG) Ratio
-6.34 2.99 2.04 1.21 -101.34
Price-to-Fair Value
12.62 11.39 10.83 14.47 12.33
Enterprise Value Multiple
20.45 17.56 16.95 22.23 21.93
Enterprise Value
50.93B 42.71B 37.46B 45.16B 36.25B
EV to EBITDA
20.45 17.56 16.95 22.23 21.93
EV to Sales
9.14 8.09 7.48 9.79 8.94
EV to Free Cash Flow
28.76 24.60 24.07 32.90 31.64
EV to Operating Cash Flow
25.95 22.51 22.04 30.00 28.76
Tangible Book Value Per Share
-6.48 4.78 4.08 2.85 2.37
Shareholders’ Equity Per Share
11.46 10.55 9.69 8.56 8.19
Tax and Other Ratios
Effective Tax Rate
0.24 0.24 0.24 0.24 0.23
Revenue Per Share
15.46 14.65 13.89 12.79 11.27
Net Income Per Share
4.60 4.69 4.32 3.86 3.05
Tax Burden
0.76 0.76 0.76 0.76 0.77
Interest Burden
0.95 0.98 1.01 0.99 0.98
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
<0.01 0.01 0.01 0.01 0.01
Income Quality
1.18 1.12 1.09 1.08 1.15
Currency in USD
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