vs
Automatic Data Processing（ADP）与加拿大国家铁路（CP）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是加拿大国家铁路的1.9倍（$5.4B vs $2.8B）。加拿大国家铁路净利率更高（27.7% vs 19.8%，领先7.8%）。Automatic Data Processing同比增速更快（6.2% vs 1.3%）。过去两年加拿大国家铁路的营收复合增速更高（5.6% 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。
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
ADP vs CP — 直观对比
营收规模更大
ADP
是对方的1.9倍
$2.8B
营收增速更快
ADP
高出4.9%
1.3%
净利率更高
CP
高出7.8%
19.8%
两年增速更快
CP
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.8B |
| 净利润 | $1.1B | $786.2M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 41.4% |
| 净利率 | 19.8% | 27.7% |
| 营收同比 | 6.2% | 1.3% |
| 净利润同比 | 10.3% | -10.3% |
| 每股收益（稀释后） | $2.62 | — |
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ADPCP
| Q4 25 | $5.4B | $2.8B | ||
| Q3 25 | $5.2B | $2.7B | ||
| Q2 25 | $5.1B | $2.7B | ||
| Q1 25 | $5.6B | $2.8B | ||
| Q4 24 | $5.0B | $2.8B | ||
| Q3 24 | $4.8B | $2.6B | ||
| Q2 24 | $4.8B | $2.6B | ||
| Q1 24 | $5.3B | $2.5B |
净利润ADPCP
| Q4 25 | $1.1B | $786.2M | ||
| Q3 25 | $1.0B | $671.6M | ||
| Q2 25 | $910.7M | $900.8M | ||
| Q1 25 | $1.2B | $664.3M | ||
| Q4 24 | $963.2M | $876.7M | ||
| Q3 24 | $956.3M | $611.0M | ||
| Q2 24 | $829.3M | $660.6M | ||
| Q1 24 | $1.2B | $565.8M |
毛利率ADPCP
| 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ADPCP
| Q4 25 | 25.8% | 41.4% | ||
| Q3 25 | 25.3% | 36.8% | ||
| Q2 25 | 23.2% | 36.6% | ||
| Q1 25 | 29.2% | 35.0% | ||
| Q4 24 | 25.0% | 40.6% | ||
| Q3 24 | 25.6% | 34.3% | ||
| Q2 24 | 22.8% | 35.4% | ||
| Q1 24 | 29.4% | 32.9% |
净利率ADPCP
| Q4 25 | 19.8% | 27.7% | ||
| Q3 25 | 19.6% | 25.3% | ||
| Q2 25 | 17.8% | 33.6% | ||
| Q1 25 | 22.5% | 24.2% | ||
| Q4 24 | 19.1% | 31.2% | ||
| Q3 24 | 19.8% | 23.9% | ||
| Q2 24 | 17.4% | 25.3% | ||
| Q1 24 | 22.6% | 22.2% |
每股收益（稀释后）ADPCP
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | — | ||
| Q2 25 | $2.23 | — | ||
| Q1 25 | $3.06 | — | ||
| Q4 24 | $2.35 | — | ||
| Q3 24 | $2.34 | — | ||
| Q2 24 | $2.01 | — | ||
| Q1 24 | $2.88 | — |
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 | $134.3M |
| 总债务越低越好 | — | $14.6B |
| 股东权益账面价值 | $6.4B | $33.5B |
| 总资产 | $84.6B | $62.7B |
| 负债/权益比越低杠杆越低 | — | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资ADPCP
| Q4 25 | $2.5B | $134.3M | ||
| Q3 25 | $7.9B | $300.0M | ||
| Q2 25 | $7.8B | $583.3M | ||
| Q1 25 | $2.7B | $507.4M | ||
| Q4 24 | $2.2B | $539.5M | ||
| Q3 24 | $7.3B | $338.0M | ||
| Q2 24 | $3.3B | $406.6M | ||
| Q1 24 | $3.3B | $378.9M |
总债务ADPCP
| Q4 25 | — | $14.6B | ||
| Q3 25 | — | $15.8B | ||
| Q2 25 | — | $15.5B | ||
| Q1 25 | — | $15.4B | ||
| Q4 24 | — | $14.5B | ||
| Q3 24 | — | $13.7B | ||
| Q2 24 | — | $13.8B | ||
| Q1 24 | — | $13.7B |
股东权益ADPCP
| Q4 25 | $6.4B | $33.5B | ||
| Q3 25 | $6.4B | $33.4B | ||
| Q2 25 | $6.2B | $33.7B | ||
| Q1 25 | $5.9B | $35.2B | ||
| Q4 24 | $5.1B | $35.0B | ||
| Q3 24 | $5.3B | $32.2B | ||
| Q2 24 | $4.5B | $32.0B | ||
| Q1 24 | $4.6B | $31.3B |
总资产ADPCP
| Q4 25 | $84.6B | $62.7B | ||
| Q3 25 | $54.3B | $63.3B | ||
| Q2 25 | $53.4B | $62.2B | ||
| Q1 25 | $56.4B | $64.3B | ||
| Q4 24 | $64.1B | $64.1B | ||
| Q3 24 | $49.5B | $60.0B | ||
| Q2 24 | $54.4B | $60.4B | ||
| Q1 24 | $64.2B | $59.6B |
负债/权益比ADPCP
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× | ||
| Q1 24 | — | 0.44× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | — | $537.3M |
| 自由现金流率自由现金流/营收 | — | 18.9% |
| 资本支出强度资本支出/营收 | — | 20.2% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.6B |
8季度趋势，按日历期对齐
经营现金流ADPCP
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $642.3M | $930.0M | ||
| Q2 25 | $1.4B | $989.1M | ||
| Q1 25 | $1.5B | $843.9M | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $824.4M | $928.6M | ||
| Q2 24 | $1.3B | $932.9M | ||
| Q1 24 | $1.5B | $741.0M |
自由现金流ADPCP
| Q4 25 | — | $537.3M | ||
| Q3 25 | — | $302.2M | ||
| Q2 25 | — | $446.8M | ||
| Q1 25 | — | $324.9M | ||
| Q4 24 | — | $702.3M | ||
| Q3 24 | — | $382.5M | ||
| Q2 24 | — | $343.1M | ||
| Q1 24 | — | $356.2M |
自由现金流率ADPCP
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | — | 16.7% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 25.0% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 14.0% |
资本支出强度ADPCP
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 18.9% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 22.6% | ||
| Q1 24 | — | 15.1% |
现金转化率ADPCP
| Q4 25 | 1.07× | 1.42× | ||
| Q3 25 | 0.63× | 1.38× | ||
| Q2 25 | 1.58× | 1.10× | ||
| Q1 25 | 1.22× | 1.27× | ||
| Q4 24 | 1.19× | 1.42× | ||
| Q3 24 | 0.86× | 1.52× | ||
| Q2 24 | 1.57× | 1.41× | ||
| Q1 24 | 1.26× | 1.31× |
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% |
CP
暂无分部数据
