PAYX vs. WSO
Compare and contrast key facts about Paychex, Inc. (PAYX) and Watsco, Inc. (WSO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PAYX or WSO.
Correlation
The correlation between PAYX and WSO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PAYX vs. WSO - Performance Comparison
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Key characteristics
PAYX:
1.25
WSO:
0.22
PAYX:
1.87
WSO:
0.40
PAYX:
1.26
WSO:
1.05
PAYX:
2.43
WSO:
0.19
PAYX:
7.76
WSO:
0.38
PAYX:
3.83%
WSO:
10.15%
PAYX:
22.75%
WSO:
31.91%
PAYX:
-64.85%
WSO:
-64.38%
PAYX:
0.00%
WSO:
-12.48%
Fundamentals
PAYX:
$55.62B
WSO:
$19.37B
PAYX:
$4.80
WSO:
$13.06
PAYX:
32.17
WSO:
36.68
PAYX:
5.14
WSO:
3.49
PAYX:
10.23
WSO:
2.55
PAYX:
13.51
WSO:
7.28
PAYX:
$5.44B
WSO:
$7.58B
PAYX:
$3.92B
WSO:
$2.03B
PAYX:
$2.48B
WSO:
$771.52M
Returns By Period
In the year-to-date period, PAYX achieves a 12.77% return, which is significantly higher than WSO's 5.04% return. Over the past 10 years, PAYX has underperformed WSO with an annualized return of 15.45%, while WSO has yielded a comparatively higher 18.02% annualized return.
PAYX
12.77%
7.92%
10.61%
28.17%
23.18%
15.45%
WSO
5.04%
-1.11%
-4.41%
6.95%
29.17%
18.02%
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Risk-Adjusted Performance
PAYX vs. WSO — Risk-Adjusted Performance Rank
PAYX
WSO
PAYX vs. WSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paychex, Inc. (PAYX) and Watsco, Inc. (WSO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
PAYX vs. WSO - Dividend Comparison
PAYX's dividend yield for the trailing twelve months is around 2.58%, more than WSO's 2.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAYX Paychex, Inc. | 2.58% | 2.73% | 2.90% | 2.62% | 1.90% | 2.66% | 2.85% | 3.35% | 2.82% | 2.89% | 3.03% | 3.16% |
WSO Watsco, Inc. | 2.26% | 2.23% | 2.29% | 3.43% | 2.44% | 3.06% | 3.55% | 4.02% | 2.71% | 2.43% | 2.39% | 1.87% |
Drawdowns
PAYX vs. WSO - Drawdown Comparison
The maximum PAYX drawdown since its inception was -64.85%, roughly equal to the maximum WSO drawdown of -64.38%. Use the drawdown chart below to compare losses from any high point for PAYX and WSO. For additional features, visit the drawdowns tool.
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Volatility
PAYX vs. WSO - Volatility Comparison
The current volatility for Paychex, Inc. (PAYX) is 5.24%, while Watsco, Inc. (WSO) has a volatility of 13.79%. This indicates that PAYX experiences smaller price fluctuations and is considered to be less risky than WSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
PAYX vs. WSO - Financials Comparison
This section allows you to compare key financial metrics between Paychex, Inc. and Watsco, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PAYX vs. WSO - Profitability Comparison
PAYX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Paychex, Inc. reported a gross profit of 1.12B and revenue of 1.51B. Therefore, the gross margin over that period was 74.3%.
WSO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Watsco, Inc. reported a gross profit of 429.62M and revenue of 1.53B. Therefore, the gross margin over that period was 28.1%.
PAYX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Paychex, Inc. reported an operating income of 691.80M and revenue of 1.51B, resulting in an operating margin of 45.8%.
WSO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Watsco, Inc. reported an operating income of 112.19M and revenue of 1.53B, resulting in an operating margin of 7.3%.
PAYX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Paychex, Inc. reported a net income of 519.30M and revenue of 1.51B, resulting in a net margin of 34.4%.
WSO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Watsco, Inc. reported a net income of 80.06M and revenue of 1.53B, resulting in a net margin of 5.2%.