Paycom Software, Inc.

10-K & 10-Q Filings

Paycom Software, Inc. is a leading provider of a comprehensive, cloud-based human capital management (HCM) solution delivered as Software-as-a-Service (SaaS). The company offers functionality and data analytics that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Paycom's solution is based on a single platform, which eliminates the need for clients to integrate, update or access multiple databases. The company sells its solution directly through an internally trained sales force and has approximately 36,800 clients. Paycom's strategy for growth includes increasing its presence in existing markets, expanding into additional markets, enlarging existing client relationships, and maintaining its leadership in innovation by strengthening and extending its solution. The company's website is paycom.com and its ticker symbol is PAYC.

12 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$150.93
224.65
329.14
433.05
566.34
737.67
841.43
1055.52
1375.22
1693.67
451.64
499.88
30.82%10.68%Cost of Revenue (-)
$27.32
35.47
54.07
72.03
90.76
109.75
123.55
161.89
212.74
276.29
65.23
78.63
29.32%20.54%Gross Profit (+)
$123.61
189.18
275.08
361.02
475.57
627.92
717.89
893.64
1162.48
1417.38
386.40
421.25
31.13%9.02%Selling, General & Administrative (-)
$107.91
154.75
217.10
282.39
301.86
401.70
531.76
640.07
783.80
966.06
225.97
135.44
27.58%-40.07%Marketing Expenses (-)
$63.55
92.55
119.26
150.51
143.88
179.29
235.72
275.99
346.56
417.62
103.57
115.52
23.27%11.54%Research & Development (-)
$4.33
8.63
20.97
30.43
46.25
73.08
90.24
118.43
148.34
198.95
42.67
50.51
53.02%18.37%Depreciation & Amortization (-)
$4.54
5.74
7.83
9.80
15.13
21.80
27.61
35.81
49.76
61.36
14.13
17.51
33.56%23.94%Operating Expenses (-)
$135.23
154.75
217.10
282.39
301.86
401.70
531.76
640.07
783.80
966.06
225.97
135.44
24.42%-40.07%Costs & Expenses (Total) (-)
$162.55
190.22
271.17
354.42
392.62
511.45
655.31
801.96
996.54
1242.35
291.20
214.07
25.35%-26.49%Operating Income/Loss (+)
$-11.62
34.44
57.97
78.63
173.72
226.22
186.12
253.57
378.68
451.32
160.43
285.81
78.15%Non-operating Income/Expense (+)
$-4.04
0.52
0.31
-1.07
1.76
0.80
-0.17
2.40
13.44
23.00
6.00
5.01
-16.57%Interest Expense (-)
$3.42
1.43
1.04
0.91
0.77
0.94
0.02
2.54
1.93
0.84
0.78
-6.18%-6.57%Earnings before Tax (+)
$9.66
33.52
57.24
76.65
174.71
226.09
185.94
255.96
389.58
472.40
165.60
290.04
54.07%75.15%Tax Expense (-)
$3.99
12.58
13.40
9.84
37.65
45.51
42.48
60.00
108.19
131.61
46.30
42.85
47.46%-7.45%Income/Loss (Continuing Operations) (+)
$5.66
20.95
43.84
66.81
137.06
180.58
143.45
195.96
281.39
340.79
119.30
247.19
57.66%107.20%Profit/Loss (+)
$5.66
20.95
Net Income/Loss (+)
$5.66
20.95
43.84
66.81
137.06
180.58
143.45
195.96
281.39
340.79
119.30
247.19
57.66%107.20%Net Income/Loss (Common) (+)
$5.66
20.95
43.84
66.81
137.06
180.58
143.45
195.96
281.39
340.79
119.30
247.19
57.66%107.20%EPS (Basic)
$0.11
0.37
0.76
1.15
2.37
3.14
2.49
3.39
4.86
5.91
2.06
4.37
55.68%112.14%EPS (Diluted)
$0.11
0.36
0.74
1.13
2.34
3.09
2.46
3.37
4.84
5.88
2.06
4.37
55.60%112.14%Weighted Avg Shares (Basic)
49.78
56.50
57.55
57.84
57.71
57.56
57.62
57.88
57.93
57.71
57.87
56.55
1.65%-2.28%Weighted Avg Shares (Diluted)
51.86
57.92
58.97
58.79
58.58
58.40
58.28
58.19
58.17
57.97
57.99
56.55
1.25%-2.48%Cash
$25.51
50.71
60.16
46.08
45.72
133.67
151.71
277.98
400.73
294.02
505.59
371.32
31.21%-26.56%Receivables
$2.79
2.35
1.34
1.58
3.41
9.30
9.13
9.49
22.84
16.44
17.80
20.00
21.77%12.33%Inventory
$0.20
1.09
0.68
0.98
0.80
1.16
1.15
1.13
1.61
1.38
0.89
1.81
24.32%103.72%Prepaid Expenses (Current)
$1.95
3.53
4.47
4.98
7.66
13.56
17.85
23.73
34.06
37.61
40.26
50.81
38.92%26.20%Other Assets (Current)
$662.94
703.45
858.94
1096.25
1007.04
1713.42
1684.76
1939.71
2304.94
2463.96
2490.15
2852.39
15.70%14.55%Assets (Current)
$693.39
761.14
925.58
1149.86
1064.62
1871.10
1864.61
2252.04
2764.17
2813.43
3054.69
3296.33
16.84%7.91%Property, Plant & Equipment (Net)
$47.92
58.86
96.85
147.71
176.96
238.46
285.22
348.95
402.45
498.20
421.02
520.18
29.71%23.55%Goodwill & Intangibles
$56.98
55.37
53.76
52.85
52.63
51.89
51.89
109.92
105.91
102.00
104.93
101.03
6.68%-3.72%Other Assets
$0.65
1.40
1.22
4.75
227.71
325.47
406.20
504.24
629.99
783.92
660.99
815.73
120.16%23.41%Assets (Non-current)
$105.55
115.64
153.03
205.30
457.30
615.82
743.31
963.11
1138.34
1384.11
1186.93
1436.94
33.10%21.06%Assets (Total)
$798.94
876.77
1078.61
1355.16
1521.93
2486.92
2607.91
3215.14
3902.51
4197.54
4241.62
4733.26
20.24%11.59%Accounts Payable
$4.62
7.80
8.51
13.50
17.03
5.05
6.79
5.77
16.05
13.88
29.39
38.25
12.99%30.17%Debt (Current)
$0.85
0.89
1.11
0.89
1.77
1.77
1.77
1.77
Other Liabilities (Current)
$673.29
718.85
889.27
1125.76
1009.88
1746.70
1709.47
1982.86
2360.98
2520.77
2535.71
2904.06
15.80%14.53%Liabilities (Current)
$678.77
727.53
898.89
1140.15
1028.68
1753.52
1718.03
1990.41
2377.04
2534.64
2565.10
2942.31
15.76%14.71%Debt (Non-current)
$26.12
24.97
28.71
34.41
32.61
30.86
29.12
27.38
29.00
29.00
Other Liabilities
$19.91
25.95
34.48
45.20
125.88
175.91
205.12
303.64
313.87
359.86
313.05
352.89
37.94%12.73%Liabilities (Non-current)
$46.03
50.92
63.19
79.61
158.49
206.77
234.24
331.02
342.87
359.86
342.05
352.89
25.67%3.17%Liabilities (Total)
$724.80
778.46
962.09
1219.76
1187.17
1960.29
1952.27
2321.43
2719.91
2894.50
2907.15
3295.20
16.63%13.35%Treasury Stock
$
49.96
139.69
265.12
307.65
422.50
488.08
587.90
891.03
588.53
894.08
51.92%Retained Earnings
$5.66
26.61
70.45
137.25
395.59
576.17
719.62
915.58
1196.97
1469.98
1316.26
1697.19
85.46%28.94%AOCI
$
-3.70
-1.04
-2.85
-0.49
82.65%Shareholder's Equity
$74.14
98.31
116.53
135.40
334.75
526.63
655.64
893.71
1182.61
1303.04
1334.47
1438.06
37.51%7.76%Liabilities & Equity
$798.94
876.77
1078.61
1355.16
1521.93
2486.92
2607.91
3215.14
3902.51
4197.54
4241.62
4733.26
20.24%11.59%Net Income/Loss
$5.66
20.95
43.84
66.81
137.06
180.58
143.45
195.96
281.39
340.79
119.30
247.19
57.66%107.20%Depreciation & Amortization
$11.35
9.58
13.76
19.51
28.58
41.31
51.85
66.81
92.53
114.65
26.46
32.67
29.31%23.49%Increase/Decrease in Working Capital
$200.16
25.91
140.74
224.72
-74.23
67.27
80.96
73.61
100.52
105.79
26.30
27.25
-6.84%3.61%Share-based Compensation
$0.71
3.01
22.47
38.54
36.58
47.27
90.11
97.51
94.90
129.81
27.82
-93.79
78.32%-437.14%Adjustments to Reconcile Net Income
$16.67
22.03
55.11
63.79
47.75
43.69
83.75
123.40
83.71
144.25
26.81
-98.55
27.09%-467.63%Net Cash (Operating)
$22.34
42.97
98.95
130.60
184.82
224.26
227.21
319.36
365.10
485.04
146.10
148.64
40.78%1.73%Capital Expenditure
$14.27
16.55
43.51
59.39
59.91
92.93
94.10
126.19
136.80
196.71
40.62
47.72
33.84%17.47%Net Cash (Investing)
$-219.05
-52.32
-205.05
-290.35
62.62
-219.54
-117.88
-257.67
-23.29
-196.71
-40.62
42.28
204.10%Increase/Decrease in Debt
$-59.11
-1.12
4.04
5.60
-0.89
-1.77
-1.77
-1.77
-0.29
-29.00
Increase/Decrease in Equity
$62.83
-0.11
-35.64
-57.22
-105.25
-0.02
-52.04
-101.09
-287.26
Interest Expenses
$3.48
1.27
0.94
0.79
0.71
0.89
0.00
0.51
0.98
-13.09%Dividends Paid
$
64.84
21.21
Net Cash (Financing)
$208.50
34.92
115.54
145.66
-247.80
650.67
-165.91
165.72
254.59
-274.66
183.00
376.09
105.51%Cash Taxes Paid
$2.01
19.20
9.32
18.33
13.51
24.57
27.53
33.07
100.58
139.91
60.20%Increase/Decrease in Cash
$11.78
25.57
9.44
-14.08
-0.36
655.39
-56.58
227.42
596.40
13.66
288.49
567.01
1.66%96.55%Cash (Beginning)
$13.36
25.14
50.71
60.16
46.08
986.46
1641.85
1585.28
1812.69
2409.09
2409.09
2422.76
78.10%0.57%Cash (Ending)
$25.14
50.71
60.16
46.08
45.72
1641.85
1585.28
1812.69
2409.09
2422.76
2697.58
2989.78
66.12%10.83%NOPAT
$-9.20
14.71
48.53
59.82
160.28
201.64
158.57
220.81
280.91
317.65
115.57
243.58
110.76%Gross Margin %
81.90%
84.21%
83.57%
83.37%
83.97%
85.12%
85.32%
84.66%
84.53%
83.69%
85.56%
84.27%
Operating Margin %
-7.70%
15.33%
17.61%
18.16%
30.67%
30.67%
22.12%
24.02%
27.54%
26.65%
35.52%
57.18%
NOPAT Margin %
-6.09%
6.55%
14.74%
13.81%
28.30%
27.34%
18.84%
20.92%
20.43%
18.76%
25.59%
48.73%
Net Margin %
3.75%
9.32%
13.32%
15.43%
24.20%
24.48%
17.05%
18.57%
20.46%
20.12%
26.41%
49.45%
Tax Rate %
20.85%
57.29%
16.29%
23.92%
7.73%
10.87%
14.81%
12.92%
25.82%
29.62%
27.96%
14.78%
ROA
-1.15%
1.68%
4.50%
4.41%
10.53%
8.11%
6.08%
6.87%
7.20%
7.57%
2.72%
5.15%
ROE
-12.40%
14.96%
41.65%
44.18%
47.88%
38.29%
24.18%
24.71%
23.75%
24.38%
8.66%
16.94%
Asset Turnover
0.19
0.26
0.31
0.32
0.37
0.30
0.32
0.33
0.35
0.40
0.11
0.11
Inventory Turnover
140.09
32.45
80.10
73.57
113.88
94.77
107.34
143.14
132.38
199.78
73.54
43.51
Equity Multiplier
10.78
8.92
9.26
10.01
4.55
4.72
3.98
3.60
3.30
3.22
3.18
3.29
Current Ratio
1.02
1.05
1.03
1.01
1.03
1.07
1.09
1.13
1.16
1.11
1.19
1.12
Quick Ratio
0.04
0.07
0.07
0.04
0.05
0.08
0.09
0.14
0.18
0.12
0.20
0.13
Debt/Equity Ratio
0.36
0.26
0.26
0.26
0.10
0.06
0.05
0.03
0.02
0.02
Interest Coverage Ratio
-3.34
27.09
61.80
99.40
245.36
253.90
126783.50
746.90
458.19
Working Capital/Sales
-2.13
-1.50
-1.26
-1.21
-0.82
-1.06
-0.89
-0.81
-0.73
-0.62
-2.64
-2.74
R&D/Sales
0.03
0.04
0.06
0.07
0.08
0.10
0.11
0.11
0.11
0.12
0.09
0.10
Dividend Payout Ratio %
20.41%
8.71%
Total Payout
$-0.23
2.50
32.54
52.41
106.84
2.68
53.81
1.78
101.88
382.09
21.21
Payout Ratio %
-2.56%
16.96%
67.05%
87.61%
66.66%
1.33%
33.94%
0.80%
36.27%
120.29%
8.71%