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Arcosa, Inc.（ACA）与Automatic Data Processing（ADP）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是Arcosa, Inc.的7.5倍（$5.4B vs $716.7M）。Automatic Data Processing净利率更高（19.8% vs 7.3%，领先12.5%）。Arcosa, Inc.同比增速更快（7.6% vs 6.2%）。过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs 1.0%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
ADP是总部位于美国新泽西州罗斯兰的跨国企业，为全球各行业客户提供云基人力资源管理、薪资核算处理、专业雇主组织（PEO）等领域的专业服务，是全球人力资源服务领域的知名头部供应商。
ACA vs ADP — 直观对比
营收规模更大
ADP
是对方的7.5倍
$716.7M
营收增速更快
ACA
高出1.4%
6.2%
净利率更高
ADP
高出12.5%
7.3%
两年增速更快
ACA
近两年复合增速
1.0%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $5.4B |
| 净利润 | $52.1M | $1.1B |
| 毛利率 | 22.9% | 46.1% |
| 营业利润率 | 11.0% | 25.8% |
| 净利率 | 7.3% | 19.8% |
| 营收同比 | 7.6% | 6.2% |
| 净利润同比 | 776.6% | 10.3% |
| 每股收益（稀释后） | $1.06 | $2.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACAADP
| Q4 25 | $716.7M | $5.4B | ||
| Q3 25 | $797.8M | $5.2B | ||
| Q2 25 | $736.9M | $5.1B | ||
| Q1 25 | $632.0M | $5.6B | ||
| Q4 24 | $666.2M | $5.0B | ||
| Q3 24 | $640.4M | $4.8B | ||
| Q2 24 | $664.7M | $4.8B | ||
| Q1 24 | $598.6M | $5.3B |
净利润ACAADP
| Q4 25 | $52.1M | $1.1B | ||
| Q3 25 | $73.0M | $1.0B | ||
| Q2 25 | $59.7M | $910.7M | ||
| Q1 25 | $23.6M | $1.2B | ||
| Q4 24 | $-7.7M | $963.2M | ||
| Q3 24 | $16.6M | $956.3M | ||
| Q2 24 | $45.6M | $829.3M | ||
| Q1 24 | $39.2M | $1.2B |
毛利率ACAADP
| Q4 25 | 22.9% | 46.1% | ||
| Q3 25 | 24.1% | 45.2% | ||
| Q2 25 | 22.5% | 45.1% | ||
| Q1 25 | 19.8% | 47.7% | ||
| Q4 24 | 19.3% | 45.7% | ||
| Q3 24 | 21.3% | 45.5% | ||
| Q2 24 | 20.8% | 44.8% | ||
| Q1 24 | 18.6% | 47.3% |
营业利润率ACAADP
| Q4 25 | 11.0% | 25.8% | ||
| Q3 25 | 14.1% | 25.3% | ||
| Q2 25 | 12.9% | 23.2% | ||
| Q1 25 | 8.8% | 29.2% | ||
| Q4 24 | 6.5% | 25.0% | ||
| Q3 24 | 5.3% | 25.6% | ||
| Q2 24 | 10.1% | 22.8% | ||
| Q1 24 | 8.9% | 29.4% |
净利率ACAADP
| Q4 25 | 7.3% | 19.8% | ||
| Q3 25 | 9.2% | 19.6% | ||
| Q2 25 | 8.1% | 17.8% | ||
| Q1 25 | 3.7% | 22.5% | ||
| Q4 24 | -1.2% | 19.1% | ||
| Q3 24 | 2.6% | 19.8% | ||
| Q2 24 | 6.9% | 17.4% | ||
| Q1 24 | 6.5% | 22.6% |
每股收益（稀释后）ACAADP
| Q4 25 | $1.06 | $2.62 | ||
| Q3 25 | $1.48 | $2.49 | ||
| Q2 25 | $1.22 | $2.23 | ||
| Q1 25 | $0.48 | $3.06 | ||
| Q4 24 | $-0.16 | $2.35 | ||
| Q3 24 | $0.34 | $2.34 | ||
| Q2 24 | $0.93 | $2.01 | ||
| Q1 24 | $0.80 | $2.88 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $214.6M | $2.5B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $6.4B |
| 总资产 | $5.0B | $84.6B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACAADP
| Q4 25 | $214.6M | $2.5B | ||
| Q3 25 | $220.0M | $7.9B | ||
| Q2 25 | $189.7M | $7.8B | ||
| Q1 25 | $167.9M | $2.7B | ||
| Q4 24 | $187.3M | $2.2B | ||
| Q3 24 | $756.8M | $7.3B | ||
| Q2 24 | $103.7M | $3.3B | ||
| Q1 24 | $176.5M | $3.3B |
总债务ACAADP
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACAADP
| Q4 25 | $2.6B | $6.4B | ||
| Q3 25 | $2.6B | $6.4B | ||
| Q2 25 | $2.5B | $6.2B | ||
| Q1 25 | $2.5B | $5.9B | ||
| Q4 24 | $2.4B | $5.1B | ||
| Q3 24 | $2.4B | $5.3B | ||
| Q2 24 | $2.4B | $4.5B | ||
| Q1 24 | $2.4B | $4.6B |
总资产ACAADP
| Q4 25 | $5.0B | $84.6B | ||
| Q3 25 | $5.1B | $54.3B | ||
| Q2 25 | $5.0B | $53.4B | ||
| Q1 25 | $4.9B | $56.4B | ||
| Q4 24 | $4.9B | $64.1B | ||
| Q3 24 | $4.4B | $49.5B | ||
| Q2 24 | $3.8B | $54.4B | ||
| Q1 24 | $3.7B | $64.2B |
负债/权益比ACAADP
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $120.0M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $55.8M | — |
| 自由现金流率自由现金流/营收 | 7.8% | — |
| 资本支出强度资本支出/营收 | 9.0% | — |
| 现金转化率经营现金流/净利润 | 2.30× | 1.07× |
| 过去12个月自由现金流最近4个季度 | $175.5M | — |
8季度趋势，按日历期对齐
经营现金流ACAADP
| Q4 25 | $120.0M | $1.1B | ||
| Q3 25 | $160.6M | $642.3M | ||
| Q2 25 | $61.2M | $1.4B | ||
| Q1 25 | $-700.0K | $1.5B | ||
| Q4 24 | $248.2M | $1.2B | ||
| Q3 24 | $135.0M | $824.4M | ||
| Q2 24 | $38.3M | $1.3B | ||
| Q1 24 | $80.5M | $1.5B |
自由现金流ACAADP
| Q4 25 | $55.8M | — | ||
| Q3 25 | $121.0M | — | ||
| Q2 25 | $33.4M | — | ||
| Q1 25 | $-34.7M | — | ||
| Q4 24 | $194.9M | — | ||
| Q3 24 | $100.6M | — | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $26.1M | — |
自由现金流率ACAADP
| Q4 25 | 7.8% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | -5.5% | — | ||
| Q4 24 | 29.3% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | 4.4% | — |
资本支出强度ACAADP
| Q4 25 | 9.0% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 9.1% | — |
现金转化率ACAADP
| Q4 25 | 2.30× | 1.07× | ||
| Q3 25 | 2.20× | 0.63× | ||
| Q2 25 | 1.03× | 1.58× | ||
| Q1 25 | -0.03× | 1.22× | ||
| Q4 24 | — | 1.19× | ||
| Q3 24 | 8.13× | 0.86× | ||
| Q2 24 | 0.84× | 1.57× | ||
| Q1 24 | 2.05× | 1.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
