Is PAYX or WAB cheaper?

On trailing earnings, PAYX is cheaper: PAYX trades at a 22.21 P/E and WAB at 37.51.

Which has grown faster, PAYX or WAB?

Over the past five years, PAYX grew revenue faster — PAYX at a 9.95% CAGR versus WAB at 9.07%.

Does PAYX or WAB pay a bigger dividend?

PAYX yields 4.40% and WAB yields 0.42% based on trailing dividends and the latest price.

Is PAYX or WAB more profitable?

PAYX runs the higher net margin — PAYX at 25.84% versus WAB at 10.52%.

Which has been the better investment, PAYX or WAB?

Over the past 10-year, WAB delivered the higher annualized total return — PAYX at 9.63% versus WAB at 14.10%. Past performance doesn't predict future results.

Paychex, Inc. (PAYX) vs Westinghouse Air Brake Technologies Corporation (WAB)

PAYX leads on 12 of 17 compared metrics.

A side-by-side comparison of Paychex, Inc. and Westinghouse Air Brake Technologies Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Westinghouse Air Brake Technologies Corporation

$45.00B

$265.20Industrials

Total return — PAYX vs WAB

growth of $100 · last 30y

PAYX +923.7%WAB +4410.2%WAB compounded faster

PAYX WAB

PAYX vs WAB: by the numbers

•WAB is the larger company ($45.00B vs $36.05B market cap).
•PAYX trades at the lower earnings multiple (22.21 vs 37.51 P/E).
•PAYX converts more revenue to profit (25.84% vs 10.52% net margin).
•PAYX grew revenue faster over the past five years (9.95% vs 9.07% CAGR).
•PAYX pays the higher dividend yield (4.40% vs 0.42%).

Which is better, PAYX or WAB?

Metric tally: PAYX 12 · WAB 5

It depends on what you're optimizing for:

ValuePAYX(lower P/E)

GrowthPAYX(faster 5Y revenue CAGR)

IncomePAYX(higher dividend yield)

QualityPAYX(higher ROIC)

Valuation

Metric	PAYX	WAB
P/E ratio	22.21●	37.51
Forward P/E	18.31●	24.98
P/S ratio	5.73	3.93●
P/B ratio	9.04	4.06●
PEG ratio	2.61	2.32●
EV / EBITDA	13.96●	22.29
FCF yield	5.93%●	3.63%

Profitability

Metric	PAYX	WAB
Gross margin	73.93%●	33.81%
Operating margin	36.90%●	16.10%
Net margin	25.84%●	10.52%
ROE	40.78%●	10.85%
ROIC	16.77%●	7.64%

Dividends

Metric	PAYX	WAB
Dividend yield	4.40%●	0.42%
Payout ratio	96.30%	16.33%

Growth (annualized)

Metric	PAYX	WAB
Revenue CAGR (5Y)	9.95%●	9.07%
EPS CAGR (5Y)	8.50%	25.77%●
FCF CAGR (5Y)	13.61%●	9.83%
Total return CAGR (5Y)	2.18%	27.28%●

Frequently asked

Which is better, PAYX or WAB?: 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 12 to 5.
Is PAYX or WAB cheaper?: On trailing earnings, PAYX is cheaper: PAYX trades at a 22.21 P/E and WAB at 37.51.
Which has grown faster, PAYX or WAB?: Over the past five years, PAYX grew revenue faster — PAYX at a 9.95% CAGR versus WAB at 9.07%.
Does PAYX or WAB pay a bigger dividend?: PAYX yields 4.40% and WAB yields 0.42% based on trailing dividends and the latest price.
Is PAYX or WAB more profitable?: PAYX runs the higher net margin — PAYX at 25.84% versus WAB at 10.52%.
Which has been the better investment, PAYX or WAB?: Over the past 10-year, WAB delivered the higher annualized total return — PAYX at 9.63% versus WAB at 14.10%. Past performance doesn't predict future results.

Go deeper

Full PAYX analysis Full WAB analysis Interactive comparison tool

Dig into the metrics

Paychex P/E ratio Westinghouse Air Brake Technologies P/E ratio Paychex dividend yield Westinghouse Air Brake Technologies dividend yield Paychex ROE Westinghouse Air Brake Technologies ROE Paychex operating margin Westinghouse Air Brake Technologies operating margin Paychex revenue growth Westinghouse Air Brake Technologies revenue growth Paychex free cash flow Westinghouse Air Brake Technologies free cash flow

Paychex & Westinghouse Air Brake Technologies appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield 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 June 13, 2026.