Paycom Software, Inc. vs WEX Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
Summary Verdict
PAYC: 4—WEX: 1wins
Rule of 40
36.1PAYC
-59.6WEX
check_circlePAYC leads
Revenue Growth
10.4%PAYC
-1.3%WEX
check_circlePAYC leads
Gross Margin
83%PAYC
40%WEX
check_circlePAYC leads
FCF Margin
25.7%PAYC
-58.3%WEX
check_circlePAYC leads
Operating Margin
29.8%PAYC
35.6%WEX
check_circleWEX leads
NRR
—PAYC
—WEX
Metric
Rule of 40Efficiency score
PAYC
36.1check_circle
WEX
-59.6
Revenue GrowthYoY
PAYC
10.4%check_circle
WEX
-1.3%
Gross Margin% of revenue
PAYC
83%check_circle
WEX
40%
FCF MarginFree cash flow
PAYC
25.7%check_circle
WEX
-58.3%
Operating MarginGAAP
PAYC
29.8%
WEX
35.6%check_circle
NRRNet retention
PAYC
N/A
WEX
N/A
EV / RevenueValuation multiple
PAYC
3.7xcheck_circle
WEX
4.3x
Market CapUSD
PAYC
$8.1Bcheck_circle
WEX
$5.7B
ARR GrowthYoY
PAYC
N/A
WEX
N/A
CAC PaybackMonths to recover
PAYC
N/A
WEX
N/A
insights
Analysis
As of Q1 2026, Paycom Software, Inc. trades at 3.7x EV/Revenue versus WEX Inc. at 4.3x. On the Rule of 40, Paycom Software, Inc. scores 36.1 compared to WEX Inc.'s -59.6, placing Paycom Software, Inc. ahead in operating efficiency. Gross margins stand at Paycom Software, Inc. 83% vs WEX Inc. 40%.