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Automatic Data Processing（ADP）与Blue Bird Corp（BLBD）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Blue Bird Corp的16.1倍（$5.4B vs $333.1M）。Automatic Data Processing净利率更高（19.8% vs 9.2%，领先10.6%）。Automatic Data Processing同比增速更快（6.2% vs 6.1%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -1.9%）
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。
蓝鸟公司是美国知名客车制造企业，总部位于佐治亚州福特瓦利，主打产品为校车，同时业务覆盖多种客车类型的生产，包括城市公交、旅居房车，以及移动图书馆、流动警务指挥中心等特种车辆。
ADP vs BLBD — 直观对比
营收规模更大
ADP
是对方的16.1倍
$333.1M
营收增速更快
ADP
高出0.0%
6.1%
净利率更高
ADP
高出10.6%
9.2%
两年增速更快
ADP
近两年复合增速
-1.9%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $333.1M |
| 净利润 | $1.1B | $30.8M |
| 毛利率 | 46.1% | 21.4% |
| 营业利润率 | 25.8% | 11.3% |
| 净利率 | 19.8% | 9.2% |
| 营收同比 | 6.2% | 6.1% |
| 净利润同比 | 10.3% | 7.1% |
| 每股收益（稀释后） | $2.62 | $0.94 |
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ADPBLBD
| Q4 25 | $5.4B | $333.1M | ||
| Q3 25 | $5.2B | $409.4M | ||
| Q2 25 | $5.1B | $398.0M | ||
| Q1 25 | $5.6B | $358.9M | ||
| Q4 24 | $5.0B | $313.9M | ||
| Q3 24 | $4.8B | $350.2M | ||
| Q2 24 | $4.8B | $333.4M | ||
| Q1 24 | $5.3B | $345.9M |
净利润ADPBLBD
| Q4 25 | $1.1B | $30.8M | ||
| Q3 25 | $1.0B | $36.5M | ||
| Q2 25 | $910.7M | $36.5M | ||
| Q1 25 | $1.2B | $26.0M | ||
| Q4 24 | $963.2M | $28.7M | ||
| Q3 24 | $956.3M | $24.7M | ||
| Q2 24 | $829.3M | $28.7M | ||
| Q1 24 | $1.2B | $26.0M |
毛利率ADPBLBD
| Q4 25 | 46.1% | 21.4% | ||
| Q3 25 | 45.2% | 21.1% | ||
| Q2 25 | 45.1% | 21.6% | ||
| Q1 25 | 47.7% | 19.7% | ||
| Q4 24 | 45.7% | 19.2% | ||
| Q3 24 | 45.5% | 17.0% | ||
| Q2 24 | 44.8% | 20.8% | ||
| Q1 24 | 47.3% | 18.4% |
营业利润率ADPBLBD
| Q4 25 | 25.8% | 11.3% | ||
| Q3 25 | 25.3% | 12.3% | ||
| Q2 25 | 23.2% | 12.6% | ||
| Q1 25 | 29.2% | 9.4% | ||
| Q4 24 | 25.0% | 10.5% | ||
| Q3 24 | 25.6% | 7.3% | ||
| Q2 24 | 22.8% | 11.9% | ||
| Q1 24 | 29.4% | 10.4% |
净利率ADPBLBD
| Q4 25 | 19.8% | 9.2% | ||
| Q3 25 | 19.6% | 8.9% | ||
| Q2 25 | 17.8% | 9.2% | ||
| Q1 25 | 22.5% | 7.3% | ||
| Q4 24 | 19.1% | 9.2% | ||
| Q3 24 | 19.8% | 7.0% | ||
| Q2 24 | 17.4% | 8.6% | ||
| Q1 24 | 22.6% | 7.5% |
每股收益（稀释后）ADPBLBD
| Q4 25 | $2.62 | $0.94 | ||
| Q3 25 | $2.49 | $1.11 | ||
| Q2 25 | $2.23 | $1.12 | ||
| Q1 25 | $3.06 | $0.79 | ||
| Q4 24 | $2.35 | $0.86 | ||
| Q3 24 | $2.34 | $0.71 | ||
| Q2 24 | $2.01 | $0.85 | ||
| Q1 24 | $2.88 | $0.79 |
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 | $241.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $271.4M |
| 总资产 | $84.6B | $642.3M |
| 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ADPBLBD
| Q4 25 | $2.5B | $241.7M | ||
| Q3 25 | $7.9B | $229.3M | ||
| Q2 25 | $7.8B | $173.1M | ||
| Q1 25 | $2.7B | $130.7M | ||
| Q4 24 | $2.2B | $136.1M | ||
| Q3 24 | $7.3B | $127.7M | ||
| Q2 24 | $3.3B | $88.4M | ||
| Q1 24 | $3.3B | $93.1M |
股东权益ADPBLBD
| Q4 25 | $6.4B | $271.4M | ||
| Q3 25 | $6.4B | $255.4M | ||
| Q2 25 | $6.2B | $221.8M | ||
| Q1 25 | $5.9B | $190.4M | ||
| Q4 24 | $5.1B | $179.7M | ||
| Q3 24 | $5.3B | $159.6M | ||
| Q2 24 | $4.5B | $137.3M | ||
| Q1 24 | $4.6B | $105.8M |
总资产ADPBLBD
| Q4 25 | $84.6B | $642.3M | ||
| Q3 25 | $54.3B | $625.3M | ||
| Q2 25 | $53.4B | $575.5M | ||
| Q1 25 | $56.4B | $543.7M | ||
| Q4 24 | $64.1B | $535.2M | ||
| Q3 24 | $49.5B | $524.9M | ||
| Q2 24 | $54.4B | $468.1M | ||
| Q1 24 | $64.2B | $456.5M |
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 | $36.6M |
| 自由现金流经营现金流 - 资本支出 | — | $31.1M |
| 自由现金流率自由现金流/营收 | — | 9.3% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.19× |
| 过去12个月自由现金流最近4个季度 | — | $162.6M |
8季度趋势，按日历期对齐
经营现金流ADPBLBD
| Q4 25 | $1.1B | $36.6M | ||
| Q3 25 | $642.3M | $65.1M | ||
| Q2 25 | $1.4B | $56.9M | ||
| Q1 25 | $1.5B | $27.8M | ||
| Q4 24 | $1.2B | $26.4M | ||
| Q3 24 | $824.4M | $55.4M | ||
| Q2 24 | $1.3B | $989.0K | ||
| Q1 24 | $1.5B | $54.6M |
自由现金流ADPBLBD
| Q4 25 | — | $31.1M | ||
| Q3 25 | — | $60.5M | ||
| Q2 25 | — | $52.3M | ||
| Q1 25 | — | $18.7M | ||
| Q4 24 | — | $21.8M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | — | $-3.5M | ||
| Q1 24 | — | $51.8M |
自由现金流率ADPBLBD
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 14.8% | ||
| Q2 25 | — | 13.1% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | 15.0% |
资本支出强度ADPBLBD
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.8% |
现金转化率ADPBLBD
| Q4 25 | 1.07× | 1.19× | ||
| Q3 25 | 0.63× | 1.78× | ||
| Q2 25 | 1.58× | 1.56× | ||
| Q1 25 | 1.22× | 1.07× | ||
| Q4 24 | 1.19× | 0.92× | ||
| Q3 24 | 0.86× | 2.24× | ||
| Q2 24 | 1.57× | 0.03× | ||
| Q1 24 | 1.26× | 2.10× |
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% |
BLBD
| Alternative Fuel Buses | $151.4M | 45% |
| Diesel Buses | $144.9M | 43% |
| Parts | $24.8M | 7% |
| Other | $12.1M | 4% |
