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ACCO BRANDS Corp（ACCO）与DELUXE CORP（DLX）财务数据对比。点击上方公司名可切换其他公司
DELUXE CORP的季度营收约是ACCO BRANDS Corp的1.2倍（$535.2M vs $428.8M）。ACCO BRANDS Corp净利率更高（5.0% vs 2.2%，领先2.7%）。DELUXE CORP同比增速更快（2.8% vs -4.3%）。过去两年ACCO BRANDS Corp的营收复合增速更高（9.3% vs 0.0%）
ACCO Brands是一家美国跨国企业，由财富品牌旗下的ACCO World与通用装订公司GBC合并组建而成，截至2025年，公司董事长兼首席执行官为Thomas W. Tedford，主营办公文具与办公用品相关业务。
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
ACCO vs DLX — 直观对比
营收规模更大
DLX
是对方的1.2倍
$428.8M
营收增速更快
DLX
高出7.1%
-4.3%
净利率更高
ACCO
高出2.7%
2.2%
两年增速更快
ACCO
近两年复合增速
0.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $428.8M | $535.2M |
| 净利润 | $21.3M | $12.0M |
| 毛利率 | 33.6% | 52.2% |
| 营业利润率 | 9.3% | 8.9% |
| 净利率 | 5.0% | 2.2% |
| 营收同比 | -4.3% | 2.8% |
| 净利润同比 | 3.4% | -5.0% |
| 每股收益（稀释后） | $0.23 | $0.25 |
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ACCODLX
| Q4 25 | $428.8M | $535.2M | ||
| Q3 25 | $383.7M | $540.2M | ||
| Q2 25 | $394.8M | $521.3M | ||
| Q1 25 | $317.4M | $536.5M | ||
| Q4 24 | $448.1M | $520.6M | ||
| Q3 24 | $420.9M | $528.4M | ||
| Q2 24 | $438.3M | $537.8M | ||
| Q1 24 | $358.9M | $535.0M |
净利润ACCODLX
| Q4 25 | $21.3M | $12.0M | ||
| Q3 25 | $4.0M | $33.7M | ||
| Q2 25 | $29.2M | $22.4M | ||
| Q1 25 | $-13.2M | $14.0M | ||
| Q4 24 | $20.6M | $12.6M | ||
| Q3 24 | $9.3M | $8.9M | ||
| Q2 24 | $-125.2M | $20.5M | ||
| Q1 24 | $-6.3M | $10.8M |
毛利率ACCODLX
| Q4 25 | 33.6% | 52.2% | ||
| Q3 25 | 33.0% | 53.9% | ||
| Q2 25 | 32.9% | 53.6% | ||
| Q1 25 | 31.4% | 52.4% | ||
| Q4 24 | 34.7% | 52.3% | ||
| Q3 24 | 32.5% | 53.3% | ||
| Q2 24 | 34.8% | 53.7% | ||
| Q1 24 | 30.8% | 53.0% |
营业利润率ACCODLX
| Q4 25 | 9.3% | 8.9% | ||
| Q3 25 | 6.8% | 14.0% | ||
| Q2 25 | 8.4% | 11.7% | ||
| Q1 25 | -2.1% | 9.0% | ||
| Q4 24 | 9.4% | 9.0% | ||
| Q3 24 | 6.2% | 7.9% | ||
| Q2 24 | -25.4% | 11.0% | ||
| Q1 24 | 1.6% | 8.3% |
净利率ACCODLX
| Q4 25 | 5.0% | 2.2% | ||
| Q3 25 | 1.0% | 6.2% | ||
| Q2 25 | 7.4% | 4.3% | ||
| Q1 25 | -4.2% | 2.6% | ||
| Q4 24 | 4.6% | 2.4% | ||
| Q3 24 | 2.2% | 1.7% | ||
| Q2 24 | -28.6% | 3.8% | ||
| Q1 24 | -1.8% | 2.0% |
每股收益（稀释后）ACCODLX
| Q4 25 | $0.23 | $0.25 | ||
| Q3 25 | $0.04 | $0.74 | ||
| Q2 25 | $0.31 | $0.50 | ||
| Q1 25 | $-0.14 | $0.31 | ||
| Q4 24 | $0.21 | $0.28 | ||
| Q3 24 | $0.09 | $0.20 | ||
| Q2 24 | $-1.29 | $0.46 | ||
| Q1 24 | $-0.07 | $0.24 |
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 | — | $36.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $664.6M | $680.7M |
| 总资产 | $2.3B | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACCODLX
| Q4 25 | — | $36.9M | ||
| Q3 25 | — | $25.8M | ||
| Q2 25 | — | $26.0M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $34.4M | ||
| Q3 24 | — | $41.3M | ||
| Q2 24 | — | $23.1M | ||
| Q1 24 | — | $23.5M |
股东权益ACCODLX
| Q4 25 | $664.6M | $680.7M | ||
| Q3 25 | $644.0M | $664.1M | ||
| Q2 25 | $637.3M | $638.7M | ||
| Q1 25 | $606.1M | $622.5M | ||
| Q4 24 | $606.1M | $620.9M | ||
| Q3 24 | $615.5M | $612.7M | ||
| Q2 24 | $617.1M | $620.5M | ||
| Q1 24 | $758.5M | $608.4M |
总资产ACCODLX
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.4B | $2.5B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.2B | $2.8B | ||
| Q3 24 | $2.4B | $2.6B | ||
| Q2 24 | $2.4B | $2.7B | ||
| Q1 24 | $2.5B | $2.7B |
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 | $30.6M | $102.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.44× | 8.53× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACCODLX
| Q4 25 | $30.6M | $102.1M | ||
| Q3 25 | $71.5M | $67.1M | ||
| Q2 25 | $-38.9M | $51.1M | ||
| Q1 25 | $5.5M | $50.3M | ||
| Q4 24 | $52.7M | $60.2M | ||
| Q3 24 | $92.9M | $67.9M | ||
| Q2 24 | $-25.6M | $39.6M | ||
| Q1 24 | $28.2M | $26.6M |
自由现金流ACCODLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $27.8M | ||
| Q1 25 | — | $24.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $46.7M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | — | $6.1M |
自由现金流率ACCODLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 1.1% |
资本支出强度ACCODLX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 3.8% |
现金转化率ACCODLX
| Q4 25 | 1.44× | 8.53× | ||
| Q3 25 | 17.88× | 1.99× | ||
| Q2 25 | -1.33× | 2.28× | ||
| Q1 25 | — | 3.59× | ||
| Q4 24 | 2.56× | 4.77× | ||
| Q3 24 | 9.99× | 7.60× | ||
| Q2 24 | — | 1.94× | ||
| Q1 24 | — | 2.46× |
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
ACCO
| Transferred At Point In Time | $421.6M | 98% |
| Transferred Over Time | $7.2M | 2% |
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
