Automatic Data Processing (ADP)
Market Price (12/28/2025): $258.79 | Market Cap: $104.8 BilSector: Industrials | Industry: Human Resource & Employment Services
Automatic Data Processing (ADP)
Market Price (12/28/2025): $258.79Market Cap: $104.8 BilSector: IndustrialsIndustry: Human Resource & Employment Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, Dividend Yield is 2.3% | Weak multi-year price returns2Y Excs Rtn is -28%, 3Y Excs Rtn is -68% | Key risksADP key risks include [1] growth headwinds from increased competition by scaled competitors, Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%, CFO LTM is 4.8 Bil, FCF LTM is 4.2 Bil | ||
| Low stock price volatilityVol 12M is 20% | ||
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, Automation & Robotics, Cybersecurity, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, Dividend Yield is 2.3% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 20%, CFO LTM is 4.8 Bil, FCF LTM is 4.2 Bil |
| Low stock price volatilityVol 12M is 20% |
| Megatrend and thematic driversMegatrends include Cloud Computing, Fintech & Digital Payments, Automation & Robotics, Cybersecurity, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -28%, 3Y Excs Rtn is -68% |
| Key risksADP key risks include [1] growth headwinds from increased competition by scaled competitors, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
The stock of Automatic Data Processing (ADP) experienced a decline of 13.9% in the approximate period from August 31, 2025, to December 27, 2025. This movement can be attributed to several key factors:
<br><br><b>1. Negative Market Reaction to Q3 Earnings Guidance:</b> On October 29, 2025, ADP's shares fell 5.3% after the company reported third-quarter results. Although earnings and revenue beat analyst expectations, the revenue guidance for the upcoming quarter only met expectations, failing to impress investors and suggesting a potential slowdown in positive momentum.
<br><br><b>2. Decline in Free Cash Flow Margin:</b> Contributing to investor concerns during the third-quarter earnings report, ADP's free cash flow margin decreased to 11.5% from 15.8% in the same quarter of the previous year, indicating weaker cash generation.
<br><br><b>3. Analyst Downgrades and Price Target Reductions:</b> Several financial firms issued downgrades and reduced price targets for ADP during this period. For instance, Jefferies downgraded ADP from a Hold to an Underperform rating in December 2025, citing concerns about market saturation and adjusting its price target from $245.00 to $230.00. Wells Fargo and JPMorgan Chase & Co. also lowered their price objectives and maintained "underweight" or "sell" ratings in late October.
<br><br><b>4. Weakening Labor Market and Employment Reports:</b> ADP's own employment reports indicated a softening labor market. In November 2025, private payrolls declined by 32,000, the largest monthly drop since March 2023, with significant job losses concentrated in small businesses. This weak reading was seen as confirmation of a deteriorating trend in hiring demand, potentially influencing the Federal Reserve's decision on interest rates.
<br><br><b>5. Bearish Sentiment and Valuation Concerns:</b> Throughout the period, there was a general bearish sentiment surrounding ADP, with more technical analysis indicators signaling bearish signals than bullish. Concerns were also raised about the company's valuation, with its price-to-earnings (P/E) ratio of 30.2x in early September 2025 being significantly higher than almost half of all companies in the United States.
Show moreStock Movement Drivers
Fundamental Drivers
The -10.6% change in ADP stock from 9/27/2025 to 12/27/2025 was primarily driven by a -12.0% change in the company's P/E Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 289.67 | 258.84 | -10.64% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 20560.90 | 20903.40 | 1.67% |
| Net Income Margin (%) | 19.84% | 19.79% | -0.27% |
| P/E Multiple | 28.82 | 25.35 | -12.04% |
| Shares Outstanding (Mil) | 405.90 | 405.10 | 0.20% |
| Cumulative Contribution | -10.64% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ADP | -10.6% | |
| Market (SPY) | 4.3% | 7.7% |
| Sector (XLI) | 3.0% | 16.5% |
Fundamental Drivers
The -13.7% change in ADP stock from 6/28/2025 to 12/27/2025 was primarily driven by a -17.0% change in the company's P/E Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 299.94 | 258.84 | -13.70% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 20202.60 | 20903.40 | 3.47% |
| Net Income Margin (%) | 19.79% | 19.79% | -0.01% |
| P/E Multiple | 30.52 | 25.35 | -16.95% |
| Shares Outstanding (Mil) | 406.90 | 405.10 | 0.44% |
| Cumulative Contribution | -13.71% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ADP | -13.7% | |
| Market (SPY) | 12.6% | 23.5% |
| Sector (XLI) | 7.5% | 29.6% |
Fundamental Drivers
The -10.7% change in ADP stock from 12/27/2024 to 12/27/2025 was primarily driven by a -17.4% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 289.76 | 258.84 | -10.67% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 19523.00 | 20903.40 | 7.07% |
| Net Income Margin (%) | 19.71% | 19.79% | 0.37% |
| P/E Multiple | 30.71 | 25.35 | -17.45% |
| Shares Outstanding (Mil) | 407.90 | 405.10 | 0.69% |
| Cumulative Contribution | -10.67% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ADP | -10.7% | |
| Market (SPY) | 17.0% | 52.5% |
| Sector (XLI) | 19.2% | 58.4% |
Fundamental Drivers
The 16.3% change in ADP stock from 12/28/2022 to 12/27/2025 was primarily driven by a 23.8% change in the company's Total Revenues ($ Mil).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 222.63 | 258.84 | 16.26% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 16881.70 | 20903.40 | 23.82% |
| Net Income Margin (%) | 17.93% | 19.79% | 10.34% |
| P/E Multiple | 30.49 | 25.35 | -16.86% |
| Shares Outstanding (Mil) | 414.60 | 405.10 | 2.29% |
| Cumulative Contribution | 16.20% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ADP | 16.3% | |
| Market (SPY) | 48.0% | 46.4% |
| Sector (XLI) | 41.2% | 55.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ADP Return | 6% | 43% | -1% | -0% | 28% | -10% | 72% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| ADP Win Rate | 67% | 67% | 50% | 50% | 75% | 42% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| ADP Max Drawdown | -36% | -9% | -20% | -12% | -0% | -14% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See ADP Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | ADP | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -22.6% | -25.4% |
| % Gain to Breakeven | 29.1% | 34.1% |
| Time to Breakeven | 453 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -39.8% | -33.9% |
| % Gain to Breakeven | 66.2% | 51.3% |
| Time to Breakeven | 351 days | 148 days |
| 2018 Correction | ||
| % Loss | -19.6% | -19.8% |
| % Gain to Breakeven | 24.5% | 24.7% |
| Time to Breakeven | 60 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -38.1% | -56.8% |
| % Gain to Breakeven | 61.5% | 131.3% |
| Time to Breakeven | 857 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Automatic Data Processing's stock fell -22.6% during the 2022 Inflation Shock from a high on 12/2/2022. A -22.6% loss requires a 29.1% gain to breakeven.
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AI Analysis | Feedback
Here are 1-3 brief analogies to describe Automatic Data Processing (ADP):The Intuit for businesses' payroll and HR needs.
The AWS of payroll and HR.
H&R Block for businesses' employee payroll and tax filings.
AI Analysis | Feedback
- Payroll Processing: Core service involving the calculation, processing, and distribution of employee wages, taxes, and deductions.
- HR Management (HCM) Solutions: Integrated platforms that manage human resources functions such as employee data, recruitment, onboarding, performance, and learning.
- Benefits Administration: Services for managing employee health, retirement, and other benefit plans, including enrollment, tracking, and compliance.
- Time and Attendance Tracking: Systems and software for employees to record work hours, manage shifts, and track leave.
- Tax and Compliance Services: Handling payroll tax filing, ensuring adherence to labor laws, and providing regulatory reporting.
- Professional Employer Organization (PEO) Services: A co-employment model where ADP handles comprehensive HR, payroll, benefits, and compliance for small and medium-sized businesses.
AI Analysis | Feedback
Automatic Data Processing (symbol: ADP) primarily sells its human capital management (HCM) solutions to other companies (Business-to-Business or B2B).
Due to the nature of its business as a service provider to millions of organizations worldwide, ADP does not typically disclose specific "major customer companies" by name. Its customer base is highly diverse across industries and sizes, with no single client or small group of clients representing a significant portion of its revenue. Client confidentiality agreements also preclude the disclosure of specific customer names.
Instead, ADP categorizes its broad customer segments based on company size. These categories represent the types of businesses that are ADP's customers:
- Small Businesses: Companies with 1-49 employees.
- Mid-Market Businesses: Companies with 50-999 employees.
- Large Enterprise Businesses: Companies with 1,000 or more employees.
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Maria Black, President and Chief Executive Officer
Maria Black has served as the President, Director, and Chief Executive Officer of ADP since January 2023. She joined ADP in 1996 as a sales associate in Small Business Services, gaining foundational experience by selling payroll door-to-door. Throughout her career at ADP, she has held various executive leadership roles, including President of Worldwide Sales and Marketing (March 2020 - December 2021), President of Small Business Solutions and Human Resources Outsourcing (January 2017 - February 2020), President of ADP TotalSource (July 2014 - December 2016), and General Manager of ADP United Kingdom (April 2013 - June 2014). Black also served as the General Manager of Employer Services, TotalSource Western Central Region from January 2008 to March 2013. She is committed to delivering insightful technology and solutions, fostering collaboration, and empowering ADP's associates.
Peter Hadley, Chief Financial Officer
Peter Hadley was appointed Chief Financial Officer of ADP, effective July 1, 2025. He joined ADP in 2002 and has held increasingly senior executive leadership positions within the company. Most recently, he served as Corporate Vice President and Treasurer of ADP from October 2022 to June 2025, overseeing capital structure, client funds investment portfolio, funding of global operations, capital markets activities, investor relations, and corporate insurance programs. From November 2017 to September 2022, Hadley was President of Asia Pacific, responsible for ADP's business operations, strategy, and business development in the region. Prior to this, he served as CFO for ADP's Global Enterprise Solutions and Employer Services International. Before joining ADP, Mr. Hadley held various roles at KPMG in the United Kingdom and Arthur Andersen in Australia.
Chris D'Ambrosio, Chief Strategy Officer
Chris D'Ambrosio has been the Chief Strategy Officer of ADP since June 2021. Before this role, he served as the Senior Vice President and General Manager of Insurance Services, Small Business Services from January 2019 to June 2021.
Gus Blanchard, Chief Marketing Officer
Gus Blanchard has served as ADP's Chief Marketing Officer since 2021.
Sreeni Kutam, President, Global Product & Innovation
Sreeni Kutam holds the title of President, Global Product & Innovation at ADP.
AI Analysis | Feedback
The public company Automatic Data Processing (ADP) faces several key risks in its business operations. These risks include intense competition and market saturation, the need to adapt to rapid technological advancements while managing cybersecurity threats and AI integration, and navigating complex regulatory compliance alongside economic fluctuations.
- Intense Competition and Market Saturation: The human resources (HR) and payroll services industry is highly competitive, with numerous companies offering similar services. ADP faces significant challenges from competitors such as Paychex, Workday, Ultimate Software, SAP, UKG, and Oracle, which necessitates continuous innovation to maintain its market share. Growth opportunities for ADP may be limited in mature markets, and increased competition from scaled competitors has created headwinds for ADP's growth.
- Technological Advancements, Cybersecurity Threats, and AI Integration: Rapid technological changes require ADP to continuously invest in research and development to keep its solutions up-to-date. Handling sensitive employee and payroll data makes ADP a prime target for cyberattacks, requiring constant vigilance and investment in robust cybersecurity measures. Additionally, the integration of new artificial intelligence (AI) technologies, while offering opportunities, also creates new regulatory compliance and ethical considerations that ADP must navigate.
- Regulatory Compliance and Economic Fluctuations: ADP operates in multiple countries, each with its own labor laws and regulations. Keeping up with and ensuring compliance with this ever-changing regulatory landscape across different jurisdictions is complex and resource-intensive. Furthermore, economic downturns can lead companies to reduce their workforce or cut back on HR services, impacting ADP's client acquisition and retention. Fluctuations in interest rates also significantly affect ADP's investment income on client funds, which is a substantial contributor to its profits.
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The emergence of agile, cloud-native Human Capital Management (HCM) platforms and Employer of Record (EOR) services represents a clear emerging threat. Companies such as Rippling, Gusto, Deel, and Remote.com are gaining significant market share by offering highly integrated, user-friendly solutions that often extend beyond traditional HR to include IT and finance functionalities, or specialize in the complexities of global, distributed workforces. These platforms leverage modern technology stacks to provide more flexible, intuitive, and sometimes more cost-effective services, particularly appealing to small to medium-sized businesses and companies with international remote employees. This directly challenges ADP's comprehensive but more traditional service model, impacting its ability to compete on agility, specific feature sets, and user experience for a growing segment of modern businesses.
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Automatic Data Processing (ADP) operates within several large addressable markets, primarily focused on human capital management (HCM) solutions, payroll services, and HR outsourcing.
Human Capital Management (HCM) Solutions
The total addressable market (TAM) for global HCM software and services is conservatively estimated to be over US$180 billion. More specifically, the global human resource (HR) software market was valued at $50.0 billion in 2024 and is projected to grow to $54.19 billion in 2025. This market is expected to reach $73.95 billion by 2029. In North America, the HCM market size was valued at USD 9.71 billion in 2024.
Payroll Services and Software
The global payroll services market is estimated at $32.6 billion in 2025 and is forecast to reach $51.4 billion by 2030. For payroll software specifically, the global market reached $8.4 billion in 2024 and is projected to grow to $11.1 billion by 2029. Combining HR and payroll software, the global HR payroll software market was valued at approximately $35.26 billion in 2024. The U.S. HR and payroll software market alone was valued at $20.6 billion in 2024.
HR Outsourcing (HRO)
The global Human Resource Outsourcing (HRO) market was valued at USD 261.70 billion in 2024 and is anticipated to reach $470.7 billion by 2035. Another estimate places the HRO market at USD 235.2 billion in 2023, with a projection to reach USD 380.0 billion by 2032. North America holds a significant share, with the U.S. HR outsourcing market valued at $10.8 billion in 2024.
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Here are 3-5 expected drivers of future revenue growth for Automatic Data Processing (ADP) over the next 2-3 years:- Growth in New Business Bookings and Client Retention: ADP anticipates continued revenue growth through its ability to secure new clients across both its Employer Services and Professional Employer Organization (PEO) segments, coupled with robust client retention rates. The company reported record sales volume for Employer Services new business bookings in Q1 fiscal year 2026 and strong PEO new business bookings growth in Q4 fiscal year 2025. Maintaining high client satisfaction levels is expected to support strong retention results.
- Increase in Worksite Employees (WSEs) and Pays per Control (PPC): Revenue expansion is driven by the growth in the number of employees that ADP processes for its clients. In Q1 fiscal year 2026, average worksite employees paid by PEO Services increased by 2%. Similarly, Employer Services pays per control grew by 2% in Q1 fiscal year 2025. This indicates that clients are hiring at a moderate pace, contributing to higher service fees for ADP.
- Client Funds Interest Revenue Growth: ADP benefits from interest earned on funds held for clients. This revenue stream has shown significant growth, with a 13% increase in Q1 fiscal year 2026 and a 16% increase for the full fiscal year 2025, driven by rising average client funds balances. ADP has also increased its full-year forecast for client funds interest revenue for fiscal year 2026.
- Strategic Acquisitions and Product Innovation: ADP is actively investing in expanding its product ecosystem through strategic acquisitions and internal innovation. The company acquired WorkForce Software to enhance time and attendance, absence management, and scheduling tools, and Pequity to broaden compensation management capabilities. Furthermore, ADP is driving innovation with platforms like ADP Lyric HCM, which has seen strong momentum and increased client adoption, and by integrating AI-driven solutions such as ADP Assist to enhance operational efficiency and client value.
- International Expansion: ADP continues to pursue growth by expanding its global payroll capabilities and market presence. Strategic initiatives include expanding into new regions like Japan and Saudi Arabia and acquiring companies such as PEI in Mexico to strengthen its international footprint. This geographical expansion contributes to broadening ADP's client base and revenue streams.
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```htmlShare Repurchases
- Automatic Data Processing repurchased $0.4 billion in shares during the third quarter of fiscal year 2025.
- Annual share buybacks were $1.28 billion in fiscal year 2025, an increase of 3.96% from the previous year.
- The company repurchased 1.2 million shares in the three months ended September 30, 2025, and 1.4 million shares in the three months ended September 30, 2024.
Share Issuance
- Shares are issued due to employee benefit plan activity, including stock option exercises, issuances under the employee stock purchase plan, and restricted stock awards, often satisfied through treasury stock.
- The diluted average share count was 0.7% lower in the fourth quarter of fiscal year 2025, influenced by share repurchases.
Outbound Investments
- ADP acquired Honu HR, Inc. DBA Sora to streamline HR processes via automation.
- In 2024, ADP acquired Workforce Software, a premier workforce management solutions provider.
- The company acquired a payroll business in Mexico in late January of fiscal year 2025, expanding its geographic reach.
Capital Expenditures
- Expenditure increased by 6.8% in fiscal year 2025, 6.2% in fiscal year 2024, 8% in fiscal year 2023, and 10% in fiscal year 2022, primarily due to ongoing acquisitions and transformation projects.
- In fiscal year 2025, ADP invested $1 billion in research and development, digital transformation, and artificial intelligence.
- Capital expenditures are focused on enhancing customer efficiency and boosting internal productivity through AI tools, improving global payroll capabilities, and expanding embedded payroll offerings.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to ADP. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
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Peer Comparisons for Automatic Data Processing
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 168.50 |
| Mkt Cap | 194.9 |
| Rev LTM | 56,496 |
| Op Inc LTM | 8,508 |
| FCF LTM | 8,032 |
| FCF 3Y Avg | 7,799 |
| CFO LTM | 9,120 |
| CFO 3Y Avg | 8,954 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.5% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 20.3% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 21.7% |
| CFO/Rev 3Y Avg | 22.0% |
| FCF/Rev LTM | 19.1% |
| FCF/Rev 3Y Avg | 19.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 194.9 |
| P/S | 4.7 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 21.6 |
| Total Yield | 5.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.5% |
| 3M Rtn | 4.9% |
| 6M Rtn | 10.9% |
| 12M Rtn | 11.8% |
| 3Y Rtn | 76.2% |
| 1M Excs Rtn | -1.5% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -1.3% |
| 12M Excs Rtn | -4.6% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Price Behavior
| Market Price | $258.84 | |
| Market Cap ($ Bil) | 104.9 | |
| First Trading Date | 04/06/1983 | |
| Distance from 52W High | -19.5% | |
| 50 Days | 200 Days | |
| DMA Price | $260.58 | $289.00 |
| DMA Trend | down | down |
| Distance from DMA | -0.7% | -10.4% |
| 3M | 1YR | |
| Volatility | 19.7% | 20.0% |
| Downside Capture | 36.56 | 56.21 |
| Upside Capture | -24.94 | 36.14 |
| Correlation (SPY) | 8.3% | 52.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.34 | 0.18 | 0.32 | 0.47 | 0.55 | 0.62 |
| Up Beta | 0.16 | 0.91 | 0.84 | 0.97 | 0.64 | 0.69 |
| Down Beta | -0.31 | 0.15 | 0.04 | 0.38 | 0.55 | 0.62 |
| Up Capture | 23% | -52% | -22% | -5% | 24% | 21% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 8 | 15 | 26 | 59 | 124 | 391 |
| Down Capture | 63% | 44% | 78% | 82% | 69% | 85% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 26 | 36 | 66 | 124 | 358 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of ADP With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| ADP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -10.0% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 19.8% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.64 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 58.4% | 52.5% | 4.5% | 11.9% | 64.2% | 13.6% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of ADP With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| ADP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 10.1% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 21.1% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.41 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 62.6% | 61.4% | 7.9% | 12.1% | 56.2% | 21.0% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of ADP With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| ADP | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 14.2% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 23.9% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.57 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 68.9% | 71.0% | 2.2% | 21.3% | 62.1% | 15.2% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | -6.6% | -7.3% | -9.0% |
| 7/30/2025 | 0.7% | -3.0% | -1.8% |
| 4/30/2025 | 1.6% | 2.6% | 9.6% |
| 1/29/2025 | 0.8% | 2.1% | 4.4% |
| 10/30/2024 | 1.7% | 1.1% | 6.6% |
| 7/31/2024 | 1.9% | 0.7% | 5.8% |
| 5/1/2024 | 2.2% | 1.3% | -0.4% |
| 1/31/2024 | 3.0% | 5.1% | 5.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 14 |
| # Negative | 10 | 9 | 10 |
| Median Positive | 1.9% | 2.5% | 6.2% |
| Median Negative | -4.7% | -5.2% | -4.3% |
| Max Positive | 7.4% | 14.0% | 19.2% |
| Max Negative | -9.2% | -9.2% | -11.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8062025 | 10-K 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 1302025 | 10-Q 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-K 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2012024 | 10-Q 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-K 6/30/2023 |
| 3312023 | 5012023 | 10-Q 3/31/2023 |
| 12312022 | 2022023 | 10-Q 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-K 6/30/2022 |
| 3312022 | 4292022 | 10-Q 3/31/2022 |
| 12312021 | 1312022 | 10-Q 12/31/2021 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Rodriguez Carlos A | 9152025 | Sell | 298.57 | 72 | 21,497 | 7,550,795 | Form | |
| 1 | D'Ambrosio Christopher | Corp. VP | 9112025 | Sell | 296.90 | 597 | 177,249 | 3,129,691 | Form |
| 2 | Bonarti Michael A | Corporate Vice President | 9112025 | Sell | 298.43 | 8,728 | 2,604,697 | 24,032,995 | Form |
| 3 | Rodriguez Carlos A | 9082025 | Sell | 302.45 | 259 | 78,335 | 11,238,642 | Form | |
| 4 | Michaud Brian L. | Corp VP | 4022025 | Sell | 305.38 | 1,500 | 458,070 | 3,686,768 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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