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Paylocity Holding vs Full Truck Alliance Co.

Paylocity Holding and Full Truck Alliance Co. are similar in size: $1.77bn and $1.74bn of revenue in their latest fiscal years. Full Truck Alliance Co. grew faster (11.3% against 11.0%). Full Truck Alliance Co. kept more of each dollar of sales as profit: a net margin of 35.7% against 15.2%. Full Truck Alliance Co. carries less debt relative to equity (0.0% against 6.7%).

Latest fiscal yearPaylocity HoldingPCTY, 2026Full Truck Alliance Co.YMM, 2025
Revenue $1.77bn $1.74bn
Revenue growth 11.0% 11.3%
Net income $270m $620m
Operating margin 21.8% 33.2%
Net margin 15.2% 35.7%
Return on equity 22.0% 11.3%
Free cash flow $497m $626m
Cash $272m $867m
Total debt $81.3m $0
Debt to equity 6.7% 0.0%
Dividend per share — —
Dividend yield — 2.2%
Share buybacks $398m $4.9m
Employees — —
Market value $9.27bn $9.12bn
Price vs our value range Within our value range Below our value range
Moat score 46 (Moderate) —
Insider trades, 12 months 0 buys, 110 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.