ADP
Automatic Data Processing, Inc.
ADP has the edge over RDW overall, supported by lower modeled downside and stronger valuation.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
ADP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
ADP's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ADP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $308 | — |
| Cheap | 25x | $284 | -7.9% |
| Current | 27x | $308 | — |
| Fair | 30x | $337 | +9.4% |
| Expensive | 33x | $375 | +22% |
Historical ranges are pointers, not guarantees.
ADP's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 24x next year's earnings.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
ADP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for ADP, with profitability improving.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
ADP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.63 | +12% |
| Q3 2026 | $11.28 | +11% |
| Q2 2026 | $10.94 | +9.6% |
| Q1 2026 | $10.72 | +9.8% |
| Q4 2025 | $10.40 | +8.6% |
| Q3 2025 | $10.13 | +8.2% |
| Q2 2025 | $9.98 | +9.7% |
| Q1 2025 | $9.76 | +8.8% |
| Q4 2024 | $9.58 | +11% |
ADP has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
ADP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.5B | +6.1% |
| Q2 2026 | $5.5B | +6.8% |
| Q1 2026 | $5.9B | +7% |
| Q4 2025 | $5.4B | +6.2% |
| Q3 2025 | $5.2B | +7.1% |
| Q2 2025 | $5.1B | +7.5% |
| Q1 2025 | $5.6B | +5.7% |
| Q4 2024 | $5B | +8.1% |
ADP's revenue has grown year over year every quarter since late 2020: $5.5B last quarter, up 6.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +0.8 points |
| Q2 2026 | 21% | -0.5 points |
| Q1 2026 | 29% | +0.7 points |
| Q4 2025 | 24% | +0.7 points |
| Q3 2025 | 23% | -0.3 points |
| Q2 2025 | 21% | +0.4 points |
| Q1 2025 | 28% | -0.2 points |
| Q4 2024 | 23% | +0.1 points |
ADP has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
ADP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $598.3M | +0.5% |
| Q2 2026 | $1.4B | -3.6% |
| Q1 2026 | $2.2B | +47% |
| Q4 2025 | $1.1B | -0.4% |
| Q3 2025 | $595.6M | -22% |
| Q2 2025 | $1.4B | +13% |
| Q1 2025 | $1.5B | +3.5% |
| Q4 2024 | $1.1B | +14% |
ADP has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
ADP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -5.7M shares |
| 1 year | -2.2% | -8.9M shares |
| 3 years | -3.9% | -16M shares |
| 5 years | -6.2% | -26.2M shares |
| Available history | -8.2% | -35.7M shares |
ADP has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $758.8M |
| Q2 2026 | $620.1M |
| Q1 2026 | $581.4M |
| Q4 2025 | $515.8M |
| Q3 2025 | $366M |
| Q2 2025 | $324M |
| Q1 2025 | $311.6M |
| Q4 2024 | $272.3M |
ADP spent $2.5B buying back its own shares over the past year, up 94% from the year before.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
ADP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.3x | Very low |
ADP's net debt is less than a year of its operating earnings (EBITDA).
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ADP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.3 | Neutral |
| Stochastic | 84.1 | Overbought |
ADP's weekly RSI is 67 (neutral) and its Stochastic is 84 (overbought).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
ADP PE vs Industrials Sector
| Metric | ADP | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 24x | 13% above |
| PE % | 27 | 58 | 31 pts below |
ADP is trading at 27x earnings, a 13% premium to the Industrials sector's median of 24x.
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
ADP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $286.3 | 7.6% above |
| 20 week MA | $273.8 | 12% above |
| 50 week MA | $246.0 | 25% above |
| 100 week MA | $271.2 | 14% above |
| 200 week MA | $258.0 | 19% above |
ADP has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
ADP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $170.8 | $176.6 | +3.4% |
| 2021 | $176.6 | $242.0 | +37% |
| 2022 | $242.0 | $240.9 | -0.4% |
| 2023 | $240.9 | $233.0 | -3.3% |
| 2024 | $233.0 | $296.2 | +27% |
| 2025 | $296.2 | $258.8 | -13% |
| 2026 YTD | $258.8 | $307.9 | +19% |
ADP has the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.