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Automatic Data Processing（ADP）与爱科（AGCO）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是爱科的1.8倍（$5.4B vs $2.9B）。Automatic Data Processing净利率更高（19.8% vs 3.3%，领先16.5%）。Automatic Data Processing同比增速更快（6.2% vs 1.1%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -0.1%）
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。
AGCO是1990年成立的美国农业机械制造商，总部位于佐治亚州德卢斯。公司主营设计、生产及销售拖拉机、联合收割机、青贮收获机、牧草设备、自走式喷雾机、播种耕作设备等产品，同时提供智慧农业相关技术解决方案。
ADP vs AGCO — 直观对比
营收规模更大
ADP
是对方的1.8倍
$2.9B
营收增速更快
ADP
高出5.0%
1.1%
净利率更高
ADP
高出16.5%
3.3%
两年增速更快
ADP
近两年复合增速
-0.1%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.9B |
| 净利润 | $1.1B | $95.5M |
| 毛利率 | 46.1% | 25.4% |
| 营业利润率 | 25.8% | 7.9% |
| 净利率 | 19.8% | 3.3% |
| 营收同比 | 6.2% | 1.1% |
| 净利润同比 | 10.3% | 137.3% |
| 每股收益（稀释后） | $2.62 | $1.30 |
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ADPAGCO
| Q4 25 | $5.4B | $2.9B | ||
| Q3 25 | $5.2B | $2.5B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | $5.6B | $2.1B | ||
| Q4 24 | $5.0B | $2.9B | ||
| Q3 24 | $4.8B | $2.6B | ||
| Q2 24 | $4.8B | $3.2B | ||
| Q1 24 | $5.3B | $2.9B |
净利润ADPAGCO
| Q4 25 | $1.1B | $95.5M | ||
| Q3 25 | $1.0B | $305.7M | ||
| Q2 25 | $910.7M | $314.8M | ||
| Q1 25 | $1.2B | $10.5M | ||
| Q4 24 | $963.2M | $-255.7M | ||
| Q3 24 | $956.3M | $30.0M | ||
| Q2 24 | $829.3M | $-367.1M | ||
| Q1 24 | $1.2B | $168.0M |
毛利率ADPAGCO
| Q4 25 | 46.1% | 25.4% | ||
| Q3 25 | 45.2% | 26.1% | ||
| Q2 25 | 45.1% | 25.0% | ||
| Q1 25 | 47.7% | 25.4% | ||
| Q4 24 | 45.7% | 23.9% | ||
| Q3 24 | 45.5% | 23.2% | ||
| Q2 24 | 44.8% | 25.8% | ||
| Q1 24 | 47.3% | 26.3% |
营业利润率ADPAGCO
| Q4 25 | 25.8% | 7.9% | ||
| Q3 25 | 25.3% | 6.1% | ||
| Q2 25 | 23.2% | 6.2% | ||
| Q1 25 | 29.2% | 2.4% | ||
| Q4 24 | 25.0% | -9.3% | ||
| Q3 24 | 25.6% | 4.4% | ||
| Q2 24 | 22.8% | -7.4% | ||
| Q1 24 | 29.4% | 9.3% |
净利率ADPAGCO
| Q4 25 | 19.8% | 3.3% | ||
| Q3 25 | 19.6% | 12.3% | ||
| Q2 25 | 17.8% | 11.9% | ||
| Q1 25 | 22.5% | 0.5% | ||
| Q4 24 | 19.1% | -8.9% | ||
| Q3 24 | 19.8% | 1.2% | ||
| Q2 24 | 17.4% | -11.3% | ||
| Q1 24 | 22.6% | 5.7% |
每股收益（稀释后）ADPAGCO
| Q4 25 | $2.62 | $1.30 | ||
| Q3 25 | $2.49 | $4.09 | ||
| Q2 25 | $2.23 | $4.22 | ||
| Q1 25 | $3.06 | $0.14 | ||
| Q4 24 | $2.35 | $-3.42 | ||
| Q3 24 | $2.34 | $0.40 | ||
| Q2 24 | $2.01 | $-4.92 | ||
| Q1 24 | $2.88 | $2.25 |
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 | $2.5B | $861.8M |
| 总债务越低越好 | — | $2.4B |
| 股东权益账面价值 | $6.4B | $4.3B |
| 总资产 | $84.6B | $11.9B |
| 负债/权益比越低杠杆越低 | — | 0.56× |
8季度趋势，按日历期对齐
现金及短期投资ADPAGCO
| Q4 25 | $2.5B | $861.8M | ||
| Q3 25 | $7.9B | $884.1M | ||
| Q2 25 | $7.8B | $783.9M | ||
| Q1 25 | $2.7B | $562.6M | ||
| Q4 24 | $2.2B | $612.7M | ||
| Q3 24 | $7.3B | $622.6M | ||
| Q2 24 | $3.3B | $657.3M | ||
| Q1 24 | $3.3B | $2.5B |
总债务ADPAGCO
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.8B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.7B |
股东权益ADPAGCO
| Q4 25 | $6.4B | $4.3B | ||
| Q3 25 | $6.4B | $4.5B | ||
| Q2 25 | $6.2B | $4.2B | ||
| Q1 25 | $5.9B | $3.8B | ||
| Q4 24 | $5.1B | $3.7B | ||
| Q3 24 | $5.3B | $4.1B | ||
| Q2 24 | $4.5B | $4.1B | ||
| Q1 24 | $4.6B | $4.8B |
总资产ADPAGCO
| Q4 25 | $84.6B | $11.9B | ||
| Q3 25 | $54.3B | $12.5B | ||
| Q2 25 | $53.4B | $12.3B | ||
| Q1 25 | $56.4B | $11.5B | ||
| Q4 24 | $64.1B | $11.2B | ||
| Q3 24 | $49.5B | $13.5B | ||
| Q2 24 | $54.4B | $13.6B | ||
| Q1 24 | $64.2B | $13.5B |
负债/权益比ADPAGCO
| Q4 25 | — | 0.56× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.95× | ||
| Q2 24 | — | 0.95× | ||
| Q1 24 | — | 0.78× |
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 | $1.1B | $763.6M |
| 自由现金流经营现金流 - 资本支出 | — | $675.0M |
| 自由现金流率自由现金流/营收 | — | 23.1% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 1.07× | 8.00× |
| 过去12个月自由现金流最近4个季度 | — | $740.2M |
8季度趋势，按日历期对齐
经营现金流ADPAGCO
| Q4 25 | $1.1B | $763.6M | ||
| Q3 25 | $642.3M | $71.0M | ||
| Q2 25 | $1.4B | $365.7M | ||
| Q1 25 | $1.5B | $-212.2M | ||
| Q4 24 | $1.2B | $797.9M | ||
| Q3 24 | $824.4M | $26.5M | ||
| Q2 24 | $1.3B | $235.5M | ||
| Q1 24 | $1.5B | $-370.0M |
自由现金流ADPAGCO
| Q4 25 | — | $675.0M | ||
| Q3 25 | — | $2.1M | ||
| Q2 25 | — | $323.5M | ||
| Q1 25 | — | $-260.4M | ||
| Q4 24 | — | $683.9M | ||
| Q3 24 | — | $-59.8M | ||
| Q2 24 | — | $137.5M | ||
| Q1 24 | — | $-465.0M |
自由现金流率ADPAGCO
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | -12.7% | ||
| Q4 24 | — | 23.7% | ||
| Q3 24 | — | -2.3% | ||
| Q2 24 | — | 4.2% | ||
| Q1 24 | — | -15.9% |
资本支出强度ADPAGCO
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 3.2% |
现金转化率ADPAGCO
| Q4 25 | 1.07× | 8.00× | ||
| Q3 25 | 0.63× | 0.23× | ||
| Q2 25 | 1.58× | 1.16× | ||
| Q1 25 | 1.22× | -20.21× | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | 0.88× | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | -2.20× |
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
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% |
AGCO
暂无分部数据
