Which has the lower trailing P/E, PAYX or UAL?

UAL has the lower trailing P/E: PAYX trades at 23.94 and UAL at 11.35. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, PAYX or UAL?

Over the past five years, UAL grew revenue faster — PAYX at a 9.93% CAGR versus UAL at 33.94%.

Does PAYX or UAL pay a bigger dividend?

PAYX pays a dividend (3.79% yield), while UAL is a former payer with no current dividend run rate.

Is PAYX or UAL more profitable?

PAYX runs the higher net margin — PAYX at 27.03% versus UAL at 5.56%.

How have PAYX and UAL total returns compared?

Over the past 10 years, PAYX delivered 10.39% and UAL delivered 9.97% annualized total return. Past performance doesn't predict future results.

Paychex, Inc. (PAYX) vs United Airlines Holdings, Inc. (UAL)

A side-by-side comparison of Paychex, Inc. and United Airlines Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 2, 2026. Differences are shown without an overall score or investment verdict.

PAYX

Paychex, Inc.

$41.56B

$116.84IndustrialsAt close: Jul 31, 2026, 4:00 PM ET

UAL

United Airlines Holdings, Inc.

$39.38B

$121.33IndustrialsAt close: Jul 31, 2026, 4:00 PM ET

Total return — PAYX vs UAL

growth of $100 · dividends reinvested · last 20y

PAYX +527.9%UAL +312.6%PAYX compounded faster

PAYX UAL

PAYX vs UAL: by the numbers

•PAYX is the larger company ($41.56B vs $39.38B market cap).
•UAL trades at the lower trailing earnings multiple (11.35 vs 23.94 P/E), one valuation lens rather than an overall verdict.
•PAYX converts more revenue to profit (27.03% vs 5.56% net margin).
•UAL grew revenue faster over the past five years (33.94% vs 9.93% CAGR).
•PAYX pays a dividend (3.79% yield), while UAL is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	PAYX	UAL
P/E ratio	23.94	11.35
Forward P/E	21.27	11.63
P/S ratio	6.43	0.63
P/B ratio	11.21	2.37
PEG ratio	3.21	1.67
EV / EBITDA	15.35	8.02
FCF yield	5.55%	6.42%

Profitability

Metric	PAYX	UAL
Gross margin	74.29%	65.06%
Operating margin	38.55%	7.75%
Net margin	27.03%	5.56%
ROE	47.12%	20.94%
ROIC	20.49%	6.63%

Dividends

Metric	PAYX	UAL
Dividend yield	3.79%	N/A
Payout ratio	90.41%	N/A

Growth (annualized)

Metric	PAYX	UAL
Revenue CAGR (5Y)	9.93%	33.94%
EPS CAGR (5Y)	9.95%	N/A
FCF CAGR (5Y)	15.18%	52.92%
Total return CAGR (5Y)	3.68%	21.02%

Frequently asked

Which has the lower trailing P/E, PAYX or UAL?: UAL has the lower trailing P/E: PAYX trades at 23.94 and UAL at 11.35. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, PAYX or UAL?: Over the past five years, UAL grew revenue faster — PAYX at a 9.93% CAGR versus UAL at 33.94%.
Does PAYX or UAL pay a bigger dividend?: PAYX pays a dividend (3.79% yield), while UAL is a former payer with no current dividend run rate.
Is PAYX or UAL more profitable?: PAYX runs the higher net margin — PAYX at 27.03% versus UAL at 5.56%.
How have PAYX and UAL total returns compared?: Over the past 10 years, PAYX delivered 10.39% and UAL delivered 9.97% annualized total return. Past performance doesn't predict future results.

Go deeper

Full PAYX analysis Full UAL analysis Interactive comparison tool

Dig into the metrics

Paychex P/E ratio United Airlines P/E ratio Paychex dividend yield United Airlines dividend yield Paychex ROE United Airlines ROE Paychex operating margin United Airlines operating margin Paychex revenue growth United Airlines revenue growth Paychex free cash flow United Airlines free cash flow

Paychex & United Airlines appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Highest ROIC Stocks

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 August 2, 2026.