Analysis of Revenues
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- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2014
- Operating Profit Margin since 2014
- Return on Assets (ROA) since 2014
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Revenues as Reported
Paycom Software Inc., income statement, revenues
US$ in thousands
| 12 months ended: | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recurring | |||||||||||
| Implementation and other | |||||||||||
| Revenues |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The financial data reveals a consistent upward trend in the revenue streams over the observed years.
- Recurring Revenue
- The recurring revenue increased steadily from approximately $557 million in 2018 to over $1.35 billion in 2022. This represents a more than twofold increase over five years, indicating robust growth in the core revenue-generating activities. The year-over-year growth appears to accelerate particularly from 2020 onwards, highlighting an expanding customer base or increased subscription value.
- Implementation and Other Revenue
- This category also shows continuous growth, rising from just above $9 million in 2018 to about $23 million in 2022. Although this segment is significantly smaller compared to recurring revenue, its growth rate mirrors the positive trend seen throughout the revenue streams, suggesting a consistent expansion of implementation services and/or other ancillary offerings.
- Total Revenues
- Total revenues increased from approximately $566 million in 2018 to $1.38 billion in 2022. This growth aligns with the combined effect of both recurring and implementation revenues, reflecting a strong overall growth trajectory. The growth pattern indicates the company’s successful scaling efforts and a strengthening market position over the five-year period.