IIIV vs TNET vs PAYC vs PAYX vs ADP

For growth investors, Paycom Software, Inc.

(PAYC) is the stronger pick with 8. 9% revenue growth year-over-year, versus -7. 3% for i3 Verticals, Inc. (IIIV). TriNet Group, Inc. (TNET) offers the better valuation at 13. 6x trailing P/E (10. 1x forward), making it the more compelling value choice. Analysts rate i3 Verticals, Inc. (IIIV) a "Buy" — based on 14 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, TriNet Group, Inc.

(TNET) is the cheapest at 13. 6x versus i3 Verticals, Inc. at 40. 9x. On forward P/E, TriNet Group, Inc. is actually cheaper at 10. 1x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Paycom Software, Inc. wins at 0. 49x versus Paychex, Inc. 's 2. 01x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Automatic Data Processing, Inc.

(ADP) delivered a total return of +23. 3%, compared to -56. 3% for Paycom Software, Inc. (PAYC). Over 10 years, the gap is even starker: PAYC returned +271. 8% versus IIIV's +24. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Automatic Data Processing, Inc.

(ADP) is the lower-risk stock at 0. 37β versus i3 Verticals, Inc. 's 0. 92β — meaning IIIV is approximately 144% more volatile than ADP relative to the S&P 500. On balance sheet safety, i3 Verticals, Inc. (IIIV) carries a lower debt/equity ratio of 1% versus 18% for TriNet Group, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Paycom Software, Inc.

(PAYC) is pulling ahead at 8. 9% versus -7. 3% for i3 Verticals, Inc. (IIIV). On earnings-per-share growth, the picture is similar: Automatic Data Processing, Inc. grew EPS 9. 7% year-over-year, compared to -87. 9% for i3 Verticals, Inc.. Over a 3-year CAGR, PAYC leads at 14. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Paychex, Inc.

(PAYX) is the more profitable company, earning 29. 7% net margin versus 3. 1% for TriNet Group, Inc. — meaning it keeps 29. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PAYX leads at 39. 6% versus 1. 9% for IIIV. At the gross margin level — before operating expenses — PAYC leads at 78. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Paycom Software, Inc. (PAYC) is the more undervalued stock at a PEG of 0. 49x versus Paychex, Inc. 's 2. 01x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TriNet Group, Inc. (TNET) trades at 10. 1x forward P/E versus 20. 3x for i3 Verticals, Inc. — 10. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TNET: 59. 7% to $68. 50.

In this comparison, PAYX (4.

2% yield), ADP (2. 7% yield), TNET (2. 5% yield), PAYC (1. 1% yield) pay a dividend. IIIV does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Automatic Data Processing, Inc.

(ADP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 37), 2. 7% yield, +192. 5% 10Y return). Both have compounded well over 10 years (ADP: +192. 5%, IIIV: +24. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

These companies operate in different sectors (IIIV (Technology) and TNET (Industrials) and PAYC (Technology) and PAYX (Industrials) and ADP (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: IIIV is a small-cap quality compounder stock; TNET is a small-cap deep-value stock; PAYC is a small-cap deep-value stock; PAYX is a mid-cap income-oriented stock; ADP is a mid-cap quality compounder stock. TNET, PAYC, PAYX, ADP pay a dividend while IIIV does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.