Microchip Technology Incorporated (MCHP) vs Paychex, Inc. (PAYX)
PAYX leads on 13 of 15 compared metrics.
A side-by-side comparison of Microchip Technology Incorporated and Paychex, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 18, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
MCHP
Microchip Technology Incorporated
$80.96TechnologyAt close: Jul 17, 2026, 4:00 PM ET
PAYX
Paychex, Inc.
$114.39TechnologyAt close: Jul 17, 2026, 4:00 PM ET
Total return — MCHP vs PAYX
growth of $100 · dividends reinvested · last 30yMCHP +6163.9%PAYX +2756.8%MCHP compounded faster
MCHP PAYX
MCHP vs PAYX: by the numbers
- •MCHP is the larger company ($43.96B vs $40.68B market cap).
- •PAYX trades at the lower earnings multiple (23.44 vs 305.62 P/E).
- •PAYX converts more revenue to profit (27.03% vs 4.29% net margin).
- •PAYX grew revenue faster over the past five years (9.93% vs -2.82% CAGR).
- •PAYX pays the higher dividend yield (3.87% vs 2.25%).
Which is better, MCHP or PAYX?
Metric tally: MCHP 2 · PAYX 13It depends on what you're optimizing for:
ValuePAYX(lower P/E)
GrowthPAYX(faster 5Y revenue CAGR)
IncomePAYX(higher dividend yield)
QualityPAYX(higher ROIC)
Metrics side by side
Valuation
| Metric | MCHP | PAYX |
|---|---|---|
| P/E ratio | 305.62 | 23.44● |
| Forward P/E | — | 20.82 |
| P/S ratio | 9.41 | 6.29● |
| P/B ratio | 6.90● | 10.97 |
| PEG ratio | — | 3.21 |
| EV / EBITDA | 42.10 | 15.05● |
| FCF yield | 1.96% | 5.67%● |
Profitability
| Metric | MCHP | PAYX |
|---|---|---|
| Gross margin | 57.73% | 74.29%● |
| Operating margin | 10.40% | 38.55%● |
| Net margin | 4.29% | 27.03%● |
| ROE | 3.14% | 47.12%● |
| ROIC | 3.11% | 20.49%● |
Dividends
| Metric | MCHP | PAYX |
|---|---|---|
| Dividend yield | 2.25% | 3.87%● |
| Payout ratio | 674.07% | 90.41% |
Growth (annualized)
| Metric | MCHP | PAYX |
|---|---|---|
| Revenue CAGR (5Y) | -2.82% | 9.93%● |
| EPS CAGR (5Y) | -16.62% | 9.95%● |
| FCF CAGR (5Y) | -13.74% | 15.18%● |
| Total return CAGR (5Y) | 6.11%● | 3.52% |
Frequently asked
- Which is better, MCHP or PAYX?
- It depends on your goal. value: PAYX (lower P/E); growth: PAYX (faster 5Y revenue CAGR); income: PAYX (higher dividend yield); quality: PAYX (higher ROIC). Across all compared metrics, PAYX leads 13 to 2.
- Is MCHP or PAYX cheaper?
- On trailing earnings, PAYX is cheaper: MCHP trades at a 305.62 P/E and PAYX at 23.44.
- Which has grown faster, MCHP or PAYX?
- Over the past five years, PAYX grew revenue faster — MCHP at a -2.82% CAGR versus PAYX at 9.93%.
- Does MCHP or PAYX pay a bigger dividend?
- MCHP yields 2.25% and PAYX yields 3.87% based on trailing dividends and the latest price.
- Is MCHP or PAYX more profitable?
- PAYX runs the higher net margin — MCHP at 4.29% versus PAYX at 27.03%.
- Which has been the better investment, MCHP or PAYX?
- Over the past 10-year, MCHP delivered the higher annualized total return — MCHP at 13.77% versus PAYX at 9.83%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Microchip Technology P/E ratioPaychex P/E ratioMicrochip Technology dividend yieldPaychex dividend yieldMicrochip Technology ROEPaychex ROEMicrochip Technology operating marginPaychex operating marginMicrochip Technology revenue growthPaychex revenue growthMicrochip Technology free cash flowPaychex free cash flow
Microchip Technology & Paychex appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 18, 2026.