ADP vs TRI vs WK Stock Comparison

Automatic Data Processing, Thomson Reuters and Workiva Prices as of Nov 5, 2026 Peers: Industry group
TRI Thomson Reuters Corp /Can/
$118.11 +20.4% 1M -18.1% 1Y
Market cap
$52.55B
P/E
33.4x
Revenue (TTM)
$7.88B
Div. yield
3.41%
Compliance Software Technology
2 wins
WK Workiva Inc
$85.42 +21.8% 1M +4.0% 1Y
Market cap
$4.37B
P/E
73.7x
Revenue (TTM)
$1.00B
Div. yield
–
Compliance Software Technology
2 wins

Head to Head

12 decided of 12

Automatic Data Processing leads on 8 of the 12 questions below (Automatic Data Processing 8, Workiva 2, Thomson Reuters 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionADPTRIWKLeader
Larger companyMarket capitalisation $121.50B $52.55B $4.37B ADP
Cheaper on earningsLower P/E, profitable companies only 27.3x 33.4x 73.7x ADP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 23.7x 27.7x 23.8x ADP
Faster revenue growthRevenue growth, trailing twelve months +6.5% +8.7% +18.8% WK
More profitableNet margin, trailing twelve months 20.3% 20.1% 6.3% ADP
Better return on capitalReturn on invested capital -47.2% 2,275.5% — TRI
Less leveragedLower net debt / EBITDA -0.4x 1.0x — ADP
Higher dividend yieldTrailing dividend yield 2.21% 3.41% — TRI
Better 1-year returnPrice return, last 12 months +18.3% -18.1% +4.0% ADP
Better 5-year returnAnnualised price return, 5 years +6.0%/yr -0.7%/yr -11.8%/yr ADP
Less volatileAnnualised volatility, 1 year 28.0% 52.7% 45.4% ADP
Higher overall scoreMean of the five percentile scores vs peers 37/100 57/100 62/100 WK

Percentile Scorecard

ADPTRIWK

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisADPTRIWK
Valuation 26 #74 of 100 49 #52 of 100 51 #50 of 100
Growth 29 #71 of 99 22 #77 of 99 98 #3 of 99
Profitability 54 #45 of 96 99 #2 of 96 65 #34 of 96
Financial Health 33 #75 of 112 80 #23 of 112 51 #56 of 112
Shareholder Returns 44 #38 of 67 36 #43 of 67 47 #36 of 67
Overall 37 57 62
  • ADP ranked among 113 companies in Business Applications
  • TRI ranked among 113 companies in Business Applications
  • WK ranked among 113 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodADPTRIWKSPY
1 month +17.1%+20.4%+21.8% -5.9%
3 months +12.3%+17.9%+37.3% -4.6%
6 months +43.5%+26.5%+63.4% +0.2%
Year to date +19.4%-10.4%-1.0% +7.5%
1 year +18.3%-18.1%+4.0% +8.2%
3 years +39.3%-8.3%-3.7% +68.3%
3 years, per year +11.7%-2.9%-1.2% +19.0%
5 years +33.8%-3.7%-46.6% +56.5%
5 years, per year +6.0%-0.7%-11.8% +9.4%
10 years +244.8%+178.2%+456.5% +251.5%
10 years, per year +13.2%+10.8%+18.7% +13.4%

Risk

MeasureADPTRIWKSPY
Volatility, 1Y 28.0%52.7%45.4% 13.6%
Downside volatility, 1Y 25.9%53.6%44.3% 14.2%
Beta vs S&P 500, 1Y -0.110.100.01 1.00
Return / volatility, 1Y 0.65-0.340.09 0.60
Max drawdown, 5Y -42.2%-64.3%-72.5% -25.4%
From 52-week high -0.3%-18.1%-8.5% -5.9%
52-week high $307.94$144.25$93.31 $779.14
52-week low $188.79$76.55$44.31 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleADPTRIWK
P/E now vs peer median 27.3xmedian 24.7x 33.4xmedian 24.7x 73.7xmedian 24.7x
P/S now vs peer median 5.5xmedian 2.8x 6.7xmedian 2.8x 4.4xmedian 2.8x
EV/EBITDA now vs peer median -26.5xmedian 16.5x 25.9xmedian 16.5x 54.3xmedian 16.5x
P/FCF now vs peer median 23.2xmedian 15.3x 17.3xmedian 15.3x 19.6xmedian 15.3x
P/B now vs peer median 23.9xmedian 2.7x -2.9xmedian 2.7x -95.2xmedian 2.7x
PEG now vs peer median 2.75median 0.77 5.93median 0.77 2.11median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsADPTRIWK
Revenue $22.26B $7.88B $1.00B
Gross profit $10.37B – $810.06M
Operating income -$6.45B $2.14B $52.69M
Net income $4.53B $1.54B $63.36M
Free cash flow $5.25B $3.04B $223.18M
R&D $1.03B – $222.56M
EPS (diluted) $11.22 $3.53 $1.15
Cash & equivalents $3.28B $1.39B $333.77M
Total debt $4.97B $4.09B –
Shares (diluted) 403.30M 449.53M 55.21M
Enterprise value $108.30B $48.52B $983.64M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricADPTRIWK
P/E 27.3x 33.4x 73.7x
P/FCF 23.2x 17.3x 19.6x
P/Operating cash flow 22.3x 19.2x 19.4x
P/S 5.5x 6.7x 4.4x
P/B 23.9x -2.9x -95.2x
P/Tangible book 35.4x -2.5x -68.1x
EV/EBITDA -26.5x 25.9x 54.3x
EV/EBIT -19.1x 25.6x 67.5x
EV/Revenue 5.5x 6.9x 3.5x
EV/FCF 23.5x 18.0x 15.9x
EV/Operating cash flow 22.6x 20.1x 15.8x
PEG (3Y EPS CAGR) 2.75 5.93 2.11

Growth

14 metrics
MetricADPTRIWK
Revenue growth (1Y) 6.5% 8.7% 18.8%
Revenue CAGR (3Y) 6.7% 5.3% 18.3%
Gross profit growth (1Y) 8.0% – 23.6%
Gross profit CAGR (3Y) 8.0% – 21.1%
Operating income growth (1Y) -2.7% -4.4% 182.8%
Operating income CAGR (3Y) -3.8% -3.8% 36.4%
Net income growth (1Y) 9.4% -8.9% 235.4%
Net income CAGR (3Y) 9.0% -10.9% 35.0%
EPS growth (1Y) 10.3% 4.9% 242.7%
EPS CAGR (3Y) 9.9% 5.6% 34.9%
Operating cash flow growth (1Y) 14.6% 13.7% 69.3%
Operating cash flow CAGR (3Y) 12.6% 6.1% 70.7%
Free cash flow growth (1Y) 14.0% 12.2% 71.1%
Free cash flow CAGR (3Y) 13.2% 5.6% 74.1%

Profitability

14 metrics
MetricADPTRIWK
Gross margin 46.6% – 80.6%
EBITDA margin -20.9% 26.9% 6.5%
Operating margin -29.0% 27.1% 5.2%
Pretax margin 26.4% 43.7% 7.2%
Net margin 20.3% 20.1% 6.3%
FCF margin 23.6% 38.6% 22.2%
Operating cash flow margin 24.5% 34.6% 22.4%
Return on equity 81.4% – –
Return on assets 7.1% – 4.6%
Return on invested capital -47.2% 2,276% –
Return on capital employed -54.0% 41.3% 7.6%
Asset turnover 0.4x – 0.7x
Cash conversion (OCF / net income) 1.2x 1.8x 3.6x
Stock comp / revenue 1.1% – 12.3%

Financial Health

11 metrics
MetricADPTRIWK
Debt / assets 7.8% – –
Debt / equity 1.0x -0.2x –
Net debt / EBITDA -0.4x 1.0x –
Debt / FCF 0.9x 1.3x –
Liabilities / assets 92.0% 44.7% 103.3%
Equity / assets 8.0% 55.3% -3.3%
Interest coverage -13.7x 142.6x 4.2x
Current ratio 1.0x 1.0x 1.6x
Quick ratio 0.1x 0.8x 1.4x
Cash ratio 0.1x -0.1x 1.2x
Altman Z-score 1.90 – 2.33

Shareholder Returns

7 metrics
MetricADPTRIWK
Dividend yield 2.2% 3.4% –
Net buyback yield 2.0% -1.4% 3.8%
Shareholder yield 4.3% 2.0% 3.8%
Payout ratio (earnings) – 34.6% –
Payout ratio (FCF) – 17.5% –
Dividend growth (1Y) – -8.1% –
Dividend CAGR (3Y) – -8.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusADPTRIWK
Forward P/E 23.7xFY2027 27.7xFY2026 23.8xFY2026
EPS, next fiscal year $12.97FY2027 $4.26FY2026 $3.59FY2026
EPS growth, next FY +16.6%FY2027 +7.3%FY2026 +101.7%FY2026
EPS growth, the year after +7.0% +10.1% +17.8%
Revenue, next fiscal year $22.20BFY2027 $7.48BFY2026 $1.01BFY2026
Revenue growth, next FY +1.2%FY2027 +0.4%FY2026 +14.5%FY2026
Revenue growth, the year after +18.1% +17.3% +25.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersADPTRIWK
Held by institutions 88.1% 90.1% 88.9%
Institutions holding 2,294 421 305
Change in shares held, QoQ +4.4% +0.6% +1.4%
Institutions buying 1,087 408 184
Institutions selling 875 9 86
Buyers to sellers 1.24 45.33 2.14

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ADPTRIWK
ADP 1.00 0.70 0.62
TRI 0.70 1.00 0.61
WK 0.62 0.61 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ADP, TRI and WK?

Automatic Data Processing (ADP) is the largest by market capitalisation: Automatic Data Processing (ADP) $121.50B, Thomson Reuters (TRI) $52.55B, Workiva (WK) $4.37B.

Which stock is cheaper, ADP, TRI and WK?

Automatic Data Processing (ADP) trades on the lowest price-to-earnings ratio (Automatic Data Processing (ADP) 27.3x, Thomson Reuters (TRI) 33.4x, Workiva (WK) 73.7x). On next year's consensus earnings, Automatic Data Processing (ADP) is cheapest (Automatic Data Processing (ADP) 23.7x, Thomson Reuters (TRI) 27.7x, Workiva (WK) 23.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Workiva (WK) grew revenue fastest over the trailing twelve months: Automatic Data Processing (ADP) +6.5%, Thomson Reuters (TRI) +8.7%, Workiva (WK) +18.8%.

Which company is more profitable?

Automatic Data Processing (ADP) has the highest net margin (Automatic Data Processing (ADP) 20.3%, Thomson Reuters (TRI) 20.1%, Workiva (WK) 6.3%). On return on invested capital, Thomson Reuters (TRI) leads (Automatic Data Processing (ADP) -47.2%, Thomson Reuters (TRI) 2,275.5%).

Which stock has performed better?

Over the past year Automatic Data Processing (ADP) returned the most: Automatic Data Processing (ADP) +18.3%, Thomson Reuters (TRI) -18.1%, Workiva (WK) +4.0%. Over five years, Automatic Data Processing (ADP) compounded fastest (Automatic Data Processing (ADP) +6.0%/yr, Thomson Reuters (TRI) -0.7%/yr, Workiva (WK) -11.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Thomson Reuters (TRI) has the highest dividend yield: Automatic Data Processing (ADP) 2.21%, Thomson Reuters (TRI) 3.41%. Workiva (WK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Automatic Data Processing (ADP) has been the steadiest (Automatic Data Processing (ADP) 28.0%, Thomson Reuters (TRI) 52.7%, Workiva (WK) 45.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ADP, TRI and WK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Automatic Data Processing (ADP) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.