vs
Automatic Data Processing（ADP）与丹麦皇冠（CCK）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是丹麦皇冠的1.7倍（$5.4B vs $3.1B）。Automatic Data Processing净利率更高（19.8% vs 4.8%，领先15.0%）。丹麦皇冠同比增速更快（7.7% vs 6.2%）。过去两年丹麦皇冠的营收复合增速更高（6.0% 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。
丹麦皇冠是来自丹麦的国际化食品企业，核心业务涵盖生猪、肉牛的屠宰加工及销售，旗下拥有多家子公司，业务覆盖食品行业多品类产品领域，首席执行官为尼尔斯·迪达尔，总部位于兰讷斯。
ADP vs CCK — 直观对比
营收规模更大
ADP
是对方的1.7倍
$3.1B
营收增速更快
CCK
高出1.6%
6.2%
净利率更高
ADP
高出15.0%
4.8%
两年增速更快
CCK
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.1B |
| 净利润 | $1.1B | $150.0M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 12.0% |
| 净利率 | 19.8% | 4.8% |
| 营收同比 | 6.2% | 7.7% |
| 净利润同比 | 10.3% | -58.1% |
| 每股收益（稀释后） | $2.62 | $1.32 |
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ADPCCK
| Q4 25 | $5.4B | $3.1B | ||
| Q3 25 | $5.2B | $3.2B | ||
| Q2 25 | $5.1B | $3.1B | ||
| Q1 25 | $5.6B | $2.9B | ||
| Q4 24 | $5.0B | $2.9B | ||
| Q3 24 | $4.8B | $3.1B | ||
| Q2 24 | $4.8B | $3.0B | ||
| Q1 24 | $5.3B | $2.8B |
净利润ADPCCK
| Q4 25 | $1.1B | $150.0M | ||
| Q3 25 | $1.0B | $214.0M | ||
| Q2 25 | $910.7M | $181.0M | ||
| Q1 25 | $1.2B | $193.0M | ||
| Q4 24 | $963.2M | $358.0M | ||
| Q3 24 | $956.3M | $-175.0M | ||
| Q2 24 | $829.3M | $174.0M | ||
| Q1 24 | $1.2B | $67.0M |
毛利率ADPCCK
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 47.3% | — |
营业利润率ADPCCK
| Q4 25 | 25.8% | 12.0% | ||
| Q3 25 | 25.3% | 13.2% | ||
| Q2 25 | 23.2% | 12.4% | ||
| Q1 25 | 29.2% | 12.6% | ||
| Q4 24 | 25.0% | 12.1% | ||
| Q3 24 | 25.6% | 14.4% | ||
| Q2 24 | 22.8% | 12.5% | ||
| Q1 24 | 29.4% | 8.8% |
净利率ADPCCK
| Q4 25 | 19.8% | 4.8% | ||
| Q3 25 | 19.6% | 6.7% | ||
| Q2 25 | 17.8% | 5.7% | ||
| Q1 25 | 22.5% | 6.7% | ||
| Q4 24 | 19.1% | 12.3% | ||
| Q3 24 | 19.8% | -5.7% | ||
| Q2 24 | 17.4% | 5.7% | ||
| Q1 24 | 22.6% | 2.4% |
每股收益（稀释后）ADPCCK
| Q4 25 | $2.62 | $1.32 | ||
| Q3 25 | $2.49 | $1.85 | ||
| Q2 25 | $2.23 | $1.56 | ||
| Q1 25 | $3.06 | $1.65 | ||
| Q4 24 | $2.35 | $3.01 | ||
| Q3 24 | $2.34 | $-1.47 | ||
| Q2 24 | $2.01 | $1.45 | ||
| Q1 24 | $2.88 | $0.56 |
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 | $764.0M |
| 总债务越低越好 | — | $5.9B |
| 股东权益账面价值 | $6.4B | $3.0B |
| 总资产 | $84.6B | $14.3B |
| 负债/权益比越低杠杆越低 | — | 1.96× |
8季度趋势，按日历期对齐
现金及短期投资ADPCCK
| Q4 25 | $2.5B | $764.0M | ||
| Q3 25 | $7.9B | $1.2B | ||
| Q2 25 | $7.8B | $936.0M | ||
| Q1 25 | $2.7B | $779.0M | ||
| Q4 24 | $2.2B | $918.0M | ||
| Q3 24 | $7.3B | $1.7B | ||
| Q2 24 | $3.3B | $1.4B | ||
| Q1 24 | $3.3B | $1.1B |
总债务ADPCCK
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.3B | ||
| Q1 24 | — | $7.4B |
股东权益ADPCCK
| Q4 25 | $6.4B | $3.0B | ||
| Q3 25 | $6.4B | $3.0B | ||
| Q2 25 | $6.2B | $2.9B | ||
| Q1 25 | $5.9B | $2.7B | ||
| Q4 24 | $5.1B | $2.8B | ||
| Q3 24 | $5.3B | $2.5B | ||
| Q2 24 | $4.5B | $2.5B | ||
| Q1 24 | $4.6B | $2.5B |
总资产ADPCCK
| Q4 25 | $84.6B | $14.3B | ||
| Q3 25 | $54.3B | $14.6B | ||
| Q2 25 | $53.4B | $14.5B | ||
| Q1 25 | $56.4B | $13.8B | ||
| Q4 24 | $64.1B | $13.8B | ||
| Q3 24 | $49.5B | $15.1B | ||
| Q2 24 | $54.4B | $14.9B | ||
| Q1 24 | $64.2B | $14.7B |
负债/权益比ADPCCK
| Q4 25 | — | 1.96× | ||
| Q3 25 | — | 2.07× | ||
| Q2 25 | — | 2.18× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 2.23× | ||
| Q3 24 | — | 2.93× | ||
| Q2 24 | — | 2.92× | ||
| Q1 24 | — | 2.98× |
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 | $487.0M |
| 自由现金流经营现金流 - 资本支出 | — | $255.0M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | — | 7.4% |
| 现金转化率经营现金流/净利润 | 1.07× | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流ADPCCK
| Q4 25 | $1.1B | $487.0M | ||
| Q3 25 | $642.3M | $580.0M | ||
| Q2 25 | $1.4B | $449.0M | ||
| Q1 25 | $1.5B | $14.0M | ||
| Q4 24 | $1.2B | $295.0M | ||
| Q3 24 | $824.4M | $554.0M | ||
| Q2 24 | $1.3B | $445.0M | ||
| Q1 24 | $1.5B | $-102.0M |
自由现金流ADPCCK
| Q4 25 | — | $255.0M | ||
| Q3 25 | — | $488.0M | ||
| Q2 25 | — | $393.0M | ||
| Q1 25 | — | $-19.0M | ||
| Q4 24 | — | $146.0M | ||
| Q3 24 | — | $478.0M | ||
| Q2 24 | — | $361.0M | ||
| Q1 24 | — | $-196.0M |
自由现金流率ADPCCK
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 11.9% | ||
| Q1 24 | — | -7.0% |
资本支出强度ADPCCK
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.4% |
现金转化率ADPCCK
| Q4 25 | 1.07× | 3.25× | ||
| Q3 25 | 0.63× | 2.71× | ||
| Q2 25 | 1.58× | 2.48× | ||
| Q1 25 | 1.22× | 0.07× | ||
| Q4 24 | 1.19× | 0.82× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 2.56× | ||
| Q1 24 | 1.26× | -1.52× |
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% |
CCK
| Transferred Over Time | $1.8B | 57% |
| Transferred At Point In Time | $1.3B | 43% |
