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Automatic Data Processing（ADP）与BWX Technologies, Inc.（BWXT）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BWX Technologies, Inc.的6.0倍（$5.4B vs $885.8M）。Automatic Data Processing净利率更高（19.8% vs 10.5%，领先9.3%）。BWX Technologies, Inc.同比增速更快（18.7% vs 6.2%）。过去两年BWX Technologies, Inc.的营收复合增速更高（21.1% vs 1.0%）
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。
BWX Technologies Inc.（简称BWXT）总部位于美国弗吉尼亚州林奇堡，是一家面向全球供应核部件与核燃料的专业企业，产品广泛应用于核电及核工业相关领域，服务覆盖全球多个国家和地区的客户。
ADP vs BWXT — 直观对比
营收规模更大
ADP
是对方的6.0倍
$885.8M
营收增速更快
BWXT
高出12.5%
6.2%
净利率更高
ADP
高出9.3%
10.5%
两年增速更快
BWXT
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $885.8M |
| 净利润 | $1.1B | $93.0M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 10.4% |
| 净利率 | 19.8% | 10.5% |
| 营收同比 | 6.2% | 18.7% |
| 净利润同比 | 10.3% | 30.9% |
| 每股收益（稀释后） | $2.62 | $1.02 |
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ADPBWXT
| Q4 25 | $5.4B | $885.8M | ||
| Q3 25 | $5.2B | $866.3M | ||
| Q2 25 | $5.1B | $764.0M | ||
| Q1 25 | $5.6B | $682.3M | ||
| Q4 24 | $5.0B | $746.3M | ||
| Q3 24 | $4.8B | $672.0M | ||
| Q2 24 | $4.8B | $681.5M | ||
| Q1 24 | $5.3B | $604.0M |
净利润ADPBWXT
| Q4 25 | $1.1B | $93.0M | ||
| Q3 25 | $1.0B | $82.1M | ||
| Q2 25 | $910.7M | $78.4M | ||
| Q1 25 | $1.2B | $75.5M | ||
| Q4 24 | $963.2M | $71.0M | ||
| Q3 24 | $956.3M | $69.5M | ||
| Q2 24 | $829.3M | $73.0M | ||
| Q1 24 | $1.2B | $68.5M |
毛利率ADPBWXT
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 21.8% | ||
| Q2 25 | 45.1% | 25.1% | ||
| Q1 25 | 47.7% | 24.2% | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | 24.4% | ||
| Q2 24 | 44.8% | 24.7% | ||
| Q1 24 | 47.3% | 24.6% |
营业利润率ADPBWXT
| Q4 25 | 25.8% | 10.4% | ||
| Q3 25 | 25.3% | 13.1% | ||
| Q2 25 | 23.2% | 13.4% | ||
| Q1 25 | 29.2% | 14.2% | ||
| Q4 24 | 25.0% | 12.4% | ||
| Q3 24 | 25.6% | 14.4% | ||
| Q2 24 | 22.8% | 14.5% | ||
| Q1 24 | 29.4% | 15.4% |
净利率ADPBWXT
| Q4 25 | 19.8% | 10.5% | ||
| Q3 25 | 19.6% | 9.5% | ||
| Q2 25 | 17.8% | 10.3% | ||
| Q1 25 | 22.5% | 11.1% | ||
| Q4 24 | 19.1% | 9.5% | ||
| Q3 24 | 19.8% | 10.3% | ||
| Q2 24 | 17.4% | 10.7% | ||
| Q1 24 | 22.6% | 11.3% |
每股收益（稀释后）ADPBWXT
| Q4 25 | $2.62 | $1.02 | ||
| Q3 25 | $2.49 | $0.89 | ||
| Q2 25 | $2.23 | $0.85 | ||
| Q1 25 | $3.06 | $0.82 | ||
| Q4 24 | $2.35 | $0.77 | ||
| Q3 24 | $2.34 | $0.76 | ||
| Q2 24 | $2.01 | $0.79 | ||
| Q1 24 | $2.88 | $0.75 |
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 | $499.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $1.2B |
| 总资产 | $84.6B | $4.3B |
| 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ADPBWXT
| Q4 25 | $2.5B | $499.8M | ||
| Q3 25 | $7.9B | $79.6M | ||
| Q2 25 | $7.8B | $37.0M | ||
| Q1 25 | $2.7B | $55.4M | ||
| Q4 24 | $2.2B | $74.1M | ||
| Q3 24 | $7.3B | $35.5M | ||
| Q2 24 | $3.3B | $48.3M | ||
| Q1 24 | $3.3B | $45.9M |
股东权益ADPBWXT
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | $1.2B | ||
| Q2 25 | $6.2B | $1.2B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $5.1B | $1.1B | ||
| Q3 24 | $5.3B | $1.1B | ||
| Q2 24 | $4.5B | $998.5M | ||
| Q1 24 | $4.6B | $946.2M |
总资产ADPBWXT
| Q4 25 | $84.6B | $4.3B | ||
| Q3 25 | $54.3B | $3.8B | ||
| Q2 25 | $53.4B | $3.7B | ||
| Q1 25 | $56.4B | $3.1B | ||
| Q4 24 | $64.1B | $2.9B | ||
| Q3 24 | $49.5B | $2.9B | ||
| Q2 24 | $54.4B | $2.8B | ||
| Q1 24 | $64.2B | $2.8B |
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 | $127.0M |
| 自由现金流经营现金流 - 资本支出 | — | $56.8M |
| 自由现金流率自由现金流/营收 | — | 6.4% |
| 资本支出强度资本支出/营收 | — | 7.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.37× |
| 过去12个月自由现金流最近4个季度 | — | $295.3M |
8季度趋势，按日历期对齐
经营现金流ADPBWXT
| Q4 25 | $1.1B | $127.0M | ||
| Q3 25 | $642.3M | $143.2M | ||
| Q2 25 | $1.4B | $159.0M | ||
| Q1 25 | $1.5B | $50.6M | ||
| Q4 24 | $1.2B | $276.9M | ||
| Q3 24 | $824.4M | $32.6M | ||
| Q2 24 | $1.3B | $65.9M | ||
| Q1 24 | $1.5B | $33.0M |
自由现金流ADPBWXT
| Q4 25 | — | $56.8M | ||
| Q3 25 | — | $94.9M | ||
| Q2 25 | — | $126.3M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $224.4M | ||
| Q3 24 | — | $-7.7M | ||
| Q2 24 | — | $35.5M | ||
| Q1 24 | — | $2.6M |
自由现金流率ADPBWXT
| Q4 25 | — | 6.4% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | -1.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 0.4% |
资本支出强度ADPBWXT
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 5.6% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 5.0% |
现金转化率ADPBWXT
| Q4 25 | 1.07× | 1.37× | ||
| Q3 25 | 0.63× | 1.74× | ||
| Q2 25 | 1.58× | 2.03× | ||
| Q1 25 | 1.22× | 0.67× | ||
| Q4 24 | 1.19× | 3.90× | ||
| Q3 24 | 0.86× | 0.47× | ||
| Q2 24 | 1.57× | 0.90× | ||
| Q1 24 | 1.26× | 0.48× |
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% |
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
