ADPAutomatic Data Processing

Industrials · Data Processing · Nasdaq

In 1949, our founders established ADP with a simple, innovative idea: help clients focus on their business by solving their payroll challenges. 10-K, Item 1

Headquarters: Roseland, NJ
CEO: Maria Black
Next results: around Jan 27, 2027

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ADP and 9 peers, year by year

The 9 Industrials companies closest to ADP in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
ADP Automatic Data Processing	FY2026	$21.9B	+6.7%	-	-	20.1%	-	73.2%	0.82
PH Parker Hannifin	FY2026	$21.5B	+8.3%	-	23.6%	17.0%	18.2%	23.7%	0.55
CARR Carrier Global	FY2025	$21.7B	−3.3%	-	10.0%	6.8%	9.8%	10.5%	0.84
LHX L3Harris	FY2025	-	-	-	-	-	-	8.2%	0.57
TT Trane Technologies	FY2025	$21.3B	+7.5%	-	18.6%	13.7%	13.2%	34.0%	0.62
JCI Johnson Controls	FY2025	$23.6B	+2.8%	36.4%	-	13.9%	9.0%	25.5%	0.77
EME Emcor	FY2025	$17.0B	+16.6%	19.3%	10.1%	7.5%	7.0%	34.6%	-
RSG Republic Services	FY2025	$19.0B	+3.5%	-	17.4%	11.2%	12.7%	17.9%	1.15
GWW W. W. Grainger	FY2025	$17.9B	+4.5%	39.1%	13.9%	9.5%	7.4%	45.7%	0.70
MMM 3M	FY2025	$24.9B	+1.5%	-	18.6%	13.0%	5.6%	69.1%	2.68

Revenuepeer median $21.4B

Sales growthpeer median +4.0%

Gross marginpeer median 36.4%

GWW 39.1%
JCI 36.4%
EME 19.3%
ADP -
PH -
CARR -
LHX -
TT -
RSG -
MMM -

Operating marginpeer median 17.4%

PH 23.6%
TT 18.6%
MMM 18.6%
RSG 17.4%
GWW 13.9%
EME 10.1%
CARR 10.0%
ADP -
LHX -
JCI -

Net marginpeer median 12.1%

FCF marginpeer median 9.4%

PH 18.2%
TT 13.2%
RSG 12.7%
CARR 9.8%
JCI 9.0%
GWW 7.4%
EME 7.0%
MMM 5.6%
ADP -
LHX -

Return on equitypeer median 25.5%

Debt / equitypeer median 0.73

MMM 2.68
RSG 1.15
CARR 0.84
ADP 0.82
JCI 0.77
GWW 0.70
TT 0.62
LHX 0.57
PH 0.55
EME -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2017 to FY2026

Revenue as reported in the 10-K.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	$12.4B	$13.3B	$14.1B	$14.6B	$15.0B	$16.5B	$18.0B	$19.2B	$20.6B	$21.9B
PH Jun	$12.0B	$14.3B	$14.3B	$13.7B	$14.3B	$15.9B	$19.1B	$19.9B	$19.9B	$21.5B
CARR Dec	-	$18.9B	$18.6B	$17.5B	$20.6B	$17.3B	$19.0B	$22.5B	$21.7B	-
LHX Jan	$5.9B	$6.2B	$6.8B	$18.2B	$17.8B	$17.1B	$19.4B	$21.3B	-	-
TT Dec	$14.2B	$12.3B	$13.1B	$12.5B	$14.1B	$16.0B	$17.7B	$19.8B	$21.3B	-
JCI Sep	$30.2B	$31.4B	$24.0B	$22.3B	$23.7B	$20.6B	$22.3B	$23.0B	$23.6B	-
EME Dec	$7.7B	$8.1B	$9.2B	$8.8B	$9.9B	$11.1B	$12.6B	$14.6B	$17.0B	-
RSG Dec	$12.1B	$11.9B	$12.2B	$12.0B	$13.3B	$15.6B	$17.3B	$18.4B	$19.0B	-
GWW Dec	$10.4B	$11.2B	$11.5B	$11.8B	$13.0B	$15.2B	$16.5B	$17.2B	$17.9B	-
MMM Dec	$31.7B	$32.8B	$32.1B	$32.2B	$35.4B	$26.2B	$24.6B	$24.6B	$24.9B	-
Peer median	$12.1B	$12.3B	$13.1B	$13.7B	$14.3B	$16.0B	$19.0B	$19.9B	$20.6B	-

Sales growth, FY2017 to FY2026

Revenue against the fiscal year before.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	+6.1%	+7.7%	+6.3%	+3.4%	+2.8%	+9.9%	+9.2%	+6.6%	+7.1%	+6.7%
PH Jun	+5.9%	+18.9%	+0.1%	−4.4%	+4.8%	+10.6%	+20.2%	+4.5%	−0.4%	+8.3%
CARR Dec	-	-	−1.6%	−6.2%	+18.1%	−0.9%	+9.6%	+18.7%	−3.3%	-
LHX Jan	−1.5%	+4.6%	+10.3%	+41.5%	−2.1%	−4.2%	+13.8%	+9.8%	-	-
TT Dec	+5.1%	+10.4%	+5.9%	−4.8%	+13.5%	+13.1%	+10.5%	+12.2%	+7.5%	-
JCI Sep	+44.8%	+2.5%	+2.4%	−6.9%	+6.1%	+6.9%	+8.2%	+2.8%	+2.8%	-
EME Dec	+1.8%	+5.8%	+12.8%	−4.1%	+12.6%	+11.8%	+13.6%	+15.8%	+16.6%	-
RSG Dec	+7.0%	0.0%	+2.6%	−1.4%	+11.2%	+19.6%	+10.8%	+7.1%	+3.5%	-
GWW Dec	+2.8%	+7.6%	+2.4%	+2.7%	+10.4%	+16.9%	+8.2%	+4.2%	+4.5%	-
MMM Dec	+5.1%	+3.5%	−1.9%	+0.1%	+9.9%	−3.2%	−5.9%	−0.1%	+1.5%	-
Peer median	+5.1%	+5.2%	+2.4%	−4.1%	+10.4%	+10.6%	+10.5%	+7.1%	+3.1%	-

Gross margin, FY2017 to FY2026

Gross profit / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	-	-	-	-	-	-	-	-	-	-
PH Jun	23.6%	-	-	-	-	-	-	-	-	-
CARR Dec	-	-	-	-	-	-	-	-	-	-
LHX Jan	-	-	-	-	-	-	-	-	-	-
TT Dec	-	-	-	-	-	-	-	-	-	-
JCI Sep	25.0%	24.4%	32.1%	33.2%	34.1%	34.4%	34.9%	35.2%	36.4%	-
EME Dec	14.9%	14.8%	14.8%	15.9%	15.2%	14.5%	16.6%	19.0%	19.3%	-
RSG Dec	-	-	-	-	-	-	-	-	-	-
GWW Dec	39.3%	38.7%	38.3%	35.9%	36.2%	38.4%	39.4%	39.4%	39.1%	-
MMM Dec	-	-	-	-	-	-	-	-	-	-
Peer median	24.3%	24.4%	32.1%	33.2%	34.1%	34.4%	34.9%	35.2%	36.4%	-

Operating margin, FY2017 to FY2026

Operating income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	-	-	-	-	-	-	-	-	-	-
PH Jun	14.9%	14.3%	15.6%	14.4%	17.1%	18.8%	17.9%	20.4%	21.9%	23.6%
CARR Dec	-	19.2%	13.4%	17.7%	12.8%	23.0%	11.4%	11.8%	10.0%	-
LHX Jan	18.2%	18.1%	21.3%	11.9%	11.8%	6.6%	7.3%	9.0%	-	-
TT Dec	11.7%	12.2%	12.8%	12.3%	14.3%	15.1%	16.4%	17.6%	18.6%	-
JCI Sep	-	-	-	-	-	-	-	-	-	-
EME Dec	4.3%	5.0%	5.0%	2.9%	5.4%	5.1%	7.0%	9.2%	10.1%	-
RSG Dec	13.8%	14.6%	14.7%	14.2%	15.6%	15.3%	16.1%	17.4%	17.4%	-
GWW Dec	9.9%	10.3%	11.0%	8.6%	11.9%	14.5%	15.6%	15.4%	13.9%	-
MMM Dec	24.3%	22.0%	19.2%	22.3%	20.8%	16.7%	−43.4%	19.6%	18.6%	-
Peer median	13.8%	14.4%	14.0%	13.3%	13.6%	15.2%	13.5%	16.4%	17.4%	-

Net margin, FY2017 to FY2026

Net income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	14.5%	14.2%	16.2%	16.9%	17.3%	17.9%	18.9%	19.5%	19.8%	20.1%
PH Jun	8.2%	7.4%	10.6%	8.8%	12.2%	8.3%	10.9%	14.3%	17.8%	17.0%
CARR Dec	-	14.5%	11.4%	11.4%	8.1%	20.4%	7.1%	24.9%	6.8%	-
LHX Jan	9.2%	11.3%	14.0%	6.2%	10.4%	6.2%	6.3%	7.0%	-	-
TT Dec	9.2%	10.8%	10.8%	6.9%	10.1%	11.0%	11.4%	12.9%	13.7%	-
JCI Sep	5.3%	6.9%	23.7%	2.8%	6.9%	7.4%	8.3%	7.4%	13.9%	-
EME Dec	3.0%	3.5%	3.5%	1.5%	3.9%	3.7%	5.0%	6.9%	7.5%	-
RSG Dec	10.6%	8.7%	8.8%	8.0%	9.7%	9.5%	10.0%	11.1%	11.2%	-
GWW Dec	5.6%	7.0%	7.4%	5.9%	8.0%	10.2%	11.1%	11.1%	9.5%	-
MMM Dec	15.3%	16.3%	14.1%	16.9%	16.7%	22.1%	−28.4%	17.0%	13.0%	-
Peer median	8.7%	8.7%	10.8%	6.9%	9.7%	9.5%	8.3%	11.1%	12.1%	-

Free cash flow, FY2017 to FY2026

Cash from operations minus capital spending.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	-	-	-	-	-	-	-	-	-	-
PH Jun	$1.1B	$1.3B	$1.5B	$1.8B	$2.4B	$2.2B	$2.6B	$3.0B	$3.3B	$3.9B
CARR Dec	-	$1.8B	$1.8B	$1.4B	$1.9B	$1.4B	$2.2B	$44.0M	$2.1B	-
LHX Jan	$450.0M	$615.0M	$1.0B	$2.4B	$2.3B	$1.9B	$1.6B	$2.2B	$2.7B	-
TT Dec	$1.3B	$1.1B	$1.7B	$1.3B	$1.4B	$1.2B	$2.1B	$2.8B	$2.8B	-
JCI Sep	−$389.0M	$875.0M	$1.2B	$2.0B	$2.0B	$750.0M	$1.4B	$1.1B	$2.1B	-
EME Dec	$331.4M	$227.5M	$307.3M	$758.4M	$282.6M	$448.6M	$821.3M	$1.3B	$1.2B	-
RSG Dec	$920.9M	$1.2B	$1.1B	$1.3B	$1.5B	$1.7B	$2.0B	$2.1B	$2.4B	-
GWW Dec	$820.0M	$818.0M	$821.0M	$926.0M	$682.0M	$1.1B	$1.6B	$1.6B	$1.3B	-
MMM Dec	$4.9B	$4.9B	$5.4B	$6.6B	$5.9B	$3.8B	$5.1B	$638.0M	$1.4B	-
Peer median	$870.5M	$1.1B	$1.2B	$1.4B	$1.9B	$1.4B	$2.0B	$1.6B	$2.1B	-

FCF margin, FY2017 to FY2026

Free cash flow / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	-	-	-	-	-	-	-	-	-	-
PH Jun	9.1%	9.4%	10.7%	13.4%	16.5%	13.9%	13.6%	15.0%	16.8%	18.2%
CARR Dec	-	9.5%	9.8%	7.9%	9.2%	8.2%	11.4%	0.2%	9.8%	-
LHX Jan	7.6%	9.9%	15.1%	13.3%	13.2%	11.2%	8.5%	10.1%	-	-
TT Dec	9.2%	9.1%	13.1%	10.3%	9.7%	7.6%	11.8%	14.0%	13.2%	-
JCI Sep	−1.3%	2.8%	4.8%	9.1%	8.4%	3.6%	6.3%	4.7%	9.0%	-
EME Dec	4.3%	2.8%	3.3%	8.6%	2.9%	4.1%	6.5%	9.2%	7.0%	-
RSG Dec	7.6%	9.8%	9.4%	10.6%	11.0%	11.1%	11.5%	11.3%	12.7%	-
GWW Dec	7.9%	7.3%	7.1%	7.8%	5.2%	7.1%	9.6%	9.1%	7.4%	-
MMM Dec	15.4%	14.8%	16.7%	20.5%	16.5%	14.7%	20.6%	2.6%	5.6%	-
Peer median	7.7%	9.4%	9.8%	10.3%	9.7%	8.2%	11.4%	9.2%	9.4%	-

Return on equity, FY2017 to FY2026

Net income / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	45.0%	39.8%	42.5%	42.9%	45.8%	91.4%	97.2%	82.5%	65.9%	73.2%
PH Jun	18.7%	18.1%	25.6%	19.3%	20.8%	14.9%	20.2%	23.6%	25.8%	23.7%
CARR Dec	-	19.2%	15.0%	30.1%	23.5%	43.8%	15.0%	38.9%	10.5%	-
LHX Jan	18.7%	21.3%	28.2%	5.4%	9.6%	5.7%	6.5%	7.7%	8.2%	-
TT Dec	18.2%	19.0%	19.4%	13.3%	22.8%	28.8%	28.9%	34.4%	34.0%	-
JCI Sep	7.9%	10.2%	28.7%	3.6%	9.3%	9.4%	11.2%	10.6%	25.5%	-
EME Dec	13.6%	16.3%	15.8%	6.5%	17.0%	20.6%	25.6%	34.3%	34.6%	-
RSG Dec	16.1%	13.1%	13.2%	11.4%	14.4%	15.4%	16.4%	17.9%	17.9%	-
GWW Dec	34.7%	40.7%	45.8%	38.0%	55.7%	63.4%	58.7%	56.8%	45.7%	-
MMM Dec	42.0%	54.6%	44.9%	42.3%	39.4%	39.2%	−145.5%	108.6%	69.1%	-
Peer median	18.5%	19.0%	25.6%	13.3%	20.8%	20.6%	16.4%	34.3%	25.8%	-

Debt / equity, FY2017 to FY2026

Total debt / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	0.50	0.42	0.37	0.17	0.53	0.93	0.85	0.66	1.41	0.82
PH Jun	1.12	0.85	1.19	1.36	0.78	1.29	1.22	0.87	0.68	0.55
CARR Dec	-	-	0.02	1.55	1.37	1.09	1.59	0.85	0.84	-
LHX Jan	1.39	1.16	1.05	0.34	0.37	0.38	0.70	0.63	0.57	-
TT Dec	0.57	0.58	0.86	0.94	0.83	0.97	0.80	0.70	0.62	-
JCI Sep	0.66	0.52	0.36	0.45	0.44	0.52	0.53	0.59	0.77	-
EME Dec	0.19	0.17	0.14	0.13	0.12	0.13	0.00	-	-	-
RSG Dec	1.03	1.07	1.08	1.07	1.08	1.23	1.22	1.13	1.15	-
GWW Dec	1.39	1.16	1.19	1.31	1.26	0.95	0.74	0.83	0.70	-
MMM Dec	1.30	1.57	2.20	1.46	1.15	1.08	3.34	3.40	2.68	-
Peer median	1.07	0.96	1.05	1.07	0.83	0.97	0.80	0.84	0.73	-

EPS (diluted), FY2017 to FY2026

Diluted earnings per share, on today's share count after splits.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
ADP Jun	$3.97	$4.25	$5.24	$5.70	$6.07	$7.00	$8.21	$9.10	$9.98	$10.94
PH Jun	$7.25	$7.83	$11.57	$9.26	$13.35	$10.09	$16.04	$21.84	$27.12	$28.48
CARR Dec	-	$3.16	$2.44	$2.25	$1.87	$4.10	$1.58	$6.15	$1.72	-
LHX Jan	$4.36	$5.76	$7.86	$5.19	$9.09	$5.49	$6.44	$7.87	$8.53	-
TT Dec	$5.05	$5.35	$5.77	$3.52	$5.87	$7.48	$8.77	$11.24	$12.98	-
JCI Sep	$1.71	$2.32	$6.49	$0.84	$2.27	$2.19	$2.69	$2.52	$5.03	-
EME Dec	$3.82	$4.85	$5.75	$2.40	$7.06	$8.10	$13.31	$21.52	$28.19	-
RSG Dec	$3.77	$3.16	$3.33	$3.02	$4.04	$4.69	$5.47	$6.49	$6.85	-
GWW Dec	$10.02	$13.73	$15.32	$12.82	$19.84	$30.06	$36.23	$38.71	$35.40	-
MMM Dec	$7.93	$8.89	$7.72	$9.36	$10.12	$10.18	−$12.63	$7.55	$6.00	-
Peer median	$4.71	$5.35	$6.49	$3.52	$7.06	$7.48	$6.44	$7.87	$8.53	-

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out ADP and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on ADP in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ADP/export.csv") into a cell.