Manpowergroup vs Paychex
Manpowergroup is the larger business, with $17.96bn of revenue in fiscal 2025 against $6.51bn for Paychex (2.8 times as much). Paychex grew faster (16.9% against 0.6%). Paychex kept more of each dollar of sales as profit: a net margin of 27.0% against -0.1%. Manpowergroup carries less debt relative to equity (81.4% against 123.2%).
| Latest fiscal year | ManpowergroupMAN, 2025 | PaychexPAYX, 2026 |
|---|---|---|
| Revenue | $17.96bn | $6.51bn |
| Revenue growth | 0.6% | 16.9% |
| Net income | −$13.3m | $1.76bn |
| Operating margin | 0.8% | 38.6% |
| Net margin | -0.1% | 27.0% |
| Return on equity | -0.6% | 44.8% |
| Free cash flow | −$161m | $2.32bn |
| Cash | $871m | $1.09bn |
| Total debt | $1.68bn | $4.60bn |
| Debt to equity | 81.4% | 123.2% |
| Dividend per share | $1.44 | $4.43 |
| Dividend yield | — | 4.0% |
| Share buybacks | $38.2m | $611m |
| Employees | 25,400 | 17,600 |
| Market value | $2.29bn | $41.11bn |
| Price vs our value range | — | Within our value range |
| Moat score | 30 (Weak) | 82 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 2 buys, 6 sales |