Ray Associates Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Ray Associates

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Ray Associates Fast Facts

Revenue	$1 - $10 million    See Exact Annual Revenue
Employees	10 - 100Exact Company Size
Primary Industry	541214 Payroll Services
Address	2794 7th Avenue Troy, NY 12180

Note: Revenues for privately held companies are statistical evaluations.


Ray Associates's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Ray Associates's annual revenues are $1 - $10 million (see exact revenue data)
• What industry is the company in?
  • Ray Associates is classified as operating in the Payroll Services industry, NAICS Code 541214.

Ray Associates Annual Revenue and Growth Rate

Ray Associates	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2025	$1 - $10 million Details in Premium Report
2024
2023
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Ray Associates's revenues are gauged from an analysis of company filings.

Ray Associates's Income Statement (based on Industry Averages)

Ray Associates P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Market Share of Ray Associates's Largest Competitors

A competitive analysis shows these companies are in the same general field as Ray Associates, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
ADP TOTALSOURCE	Miami, FL	100
AUTOMATION PERSONNEL SERVICES	Birmingham, AL	48
S2 HR SOLUTIONS GROUP 1	Saint Petersburg, FL	36
PEOPLEASE	Charleston, SC	25
JUSTWORKS EMPLOYMENT GROUP	New York, NY	24
LYONS	Florence, AL	22
SYNUITY	Tampa, FL	11
S2 HR GROUP	St. Petersburg, FL	10
PAYCHEX	Rochester, NY	9

Nearby Competitors

These companies are similar in business line and location to Ray Associates. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
BST & CPAS	Latham, NY	100
GP FUND SOLUTIONS	Latham, NY	69
MARVIN & COMPANY P.C.	Latham, NY	43
RAY ASSOCIATES	Troy, NY	29
CUSACK & COMPANY CPAS	Latham, NY	13
GABRIELE BOTTINI & ASSOCIATES CP	Latham, NY	12

Future Competition: Ray Associates's Fastest Growing Competitors

These companies are in the same general field as Ray Associates and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)