Paylocity (PCTY) vs Full Truck Alliance (YMM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Paylocity (PCTY) has outperformed Full Truck Alliance (YMM) over the past year, losing 3.4% versus a loss of 37.6%. Over five years, YMM leads with a -40.9% price change compared with -47.7% for PCTY. Full Truck Alliance is the larger company by market cap ($8.73 billion vs $8.20 billion), about 1.1 times the size.
On valuation, Full Truck Alliance trades at a lower forward P/E (9.6x vs 15.2x for Paylocity). Full Truck Alliance pays a dividend yielding 21.71%, while Paylocity does not currently pay one. Full Truck Alliance converts more of its revenue into profit, with a net margin of 35.7% versus 15.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PCTY | YMM |
|---|---|---|
| Share price | $148.02 | $8.35 |
| Market cap | $8.20B | $8.73B |
| 1-day change | +1.27% | -1.07% |
| YTD return | -2.94% | -22.18% |
| 1-year return | -3.40% | -37.64% |
| 5-year return | -47.74% | -40.95% |
| P/E ratio (TTM) | 30.09 | 14.65 |
| Forward P/E | 15.23 | 9.60 |
| EPS (TTM) | $4.92 | $0.57 |
| Dividend yield | 0.00% | 21.71% |
| Annual dividend | $0.00 | $1.81 |
| Revenue (latest FY) | $1.77B | $1.79B |
| Revenue growth (YoY) | +11.04% | +16.00% |
| Net income (latest FY) | $269.74M | $637.64M |
| Gross margin | 69.19% | 63.02% |
| Operating margin | 21.79% | 33.20% |
| Net margin | 15.23% | 35.70% |
| 52-week high | $161.93 | $13.40 |
| 52-week low | $92.99 | $7.46 |
| Distance from 52-week high | -8.59% | -37.69% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +16.34% | +49.70% |
| Average volume | 692.98K | 6.63M |
| Shares outstanding | 55.37M | 932.51M |
| Employees | 6,900 | 8,251 |
| Sector | Technology | Technology |
| Industry | Computer Software: Prepackaged Software | Computer Software: Prepackaged Software |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PCTY has outperformed YMM by 34.2 percentage points over the past year.
- Paylocity trades at a higher earnings multiple (30.1x vs 14.6x trailing P/E).
- Full Truck Alliance offers a meaningfully higher dividend yield (21.71% vs 0.00%).
- Full Truck Alliance is more profitable, keeping 35.7 cents of every revenue dollar as net income versus 15.2 cents for Paylocity.
About Paylocity
PCTY stock →Paylocity Holding Corporation provides cloud-based human capital management, finance, and IT software solutions in the United States. The company offers payroll solutions comprising payroll and tax services, global payroll, on-demand payment, garnishments, and elevate payroll; human resources (HR) solutions consisting of human resources, employee self-service, workflows and documents, HR compliance dashboard, and elevate HR and HR edge; time and labor solutions, including time and attendance, scheduling, and time collection; and talent solutions, such as recruiting, onboarding, learning, performance, compensation, and market pay.
Technology · Computer Software: Prepackaged Software · 6,900 employees
About Full Truck Alliance
YMM stock →Full Truck Alliance Co. Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China and Hong Kong.
Technology · Computer Software: Prepackaged Software · 8,251 employees
PCTY vs YMM FAQ
Which is bigger, Paylocity or Full Truck Alliance?
Full Truck Alliance (YMM) is larger, with a market capitalization of $8.73B compared with $8.20B for Paylocity (PCTY).
Which stock has performed better over the past year, PCTY or YMM?
PCTY returned -3.40% over the past 12 months, compared with -37.64% for YMM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PCTY or YMM?
YMM has the lower trailing P/E at 14.6, versus 30.1 for PCTY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Paylocity or Full Truck Alliance?
Full Truck Alliance pays a dividend yielding 21.71%, while Paylocity does not currently pay a regular dividend.
Are Paylocity and Full Truck Alliance in the same industry?
Yes. Both are classified in the Computer Software: Prepackaged Software industry within the Technology sector.