vs
Automatic Data Processing（ADP）与唐纳森（DCI）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是唐纳森的5.7倍（$5.4B vs $935.4M）。Automatic Data Processing净利率更高（19.8% vs 12.2%，领先7.6%）。Automatic Data Processing同比增速更快（6.2% vs 3.9%）。过去两年唐纳森的营收复合增速更高（3.3% 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。
唐纳森是全球知名的过滤解决方案提供商，主要生产销售适配工商业、航空航天、化工、新能源（风电）、食品饮料、医药等多领域的过滤产品，其位于明尼苏达州明尼阿波利斯的研发部门也参与多项军事应用相关的国防项目。
ADP vs DCI — 直观对比
营收规模更大
ADP
是对方的5.7倍
$935.4M
营收增速更快
ADP
高出2.2%
3.9%
净利率更高
ADP
高出7.6%
12.2%
两年增速更快
DCI
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $935.4M |
| 净利润 | $1.1B | $113.9M |
| 毛利率 | 46.1% | 35.2% |
| 营业利润率 | 25.8% | 16.0% |
| 净利率 | 19.8% | 12.2% |
| 营收同比 | 6.2% | 3.9% |
| 净利润同比 | 10.3% | 15.1% |
| 每股收益（稀释后） | $2.62 | $0.97 |
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ADPDCI
| Q4 25 | $5.4B | $935.4M | ||
| Q3 25 | $5.2B | $980.7M | ||
| Q2 25 | $5.1B | $940.1M | ||
| Q1 25 | $5.6B | $870.0M | ||
| Q4 24 | $5.0B | $900.1M | ||
| Q3 24 | $4.8B | $935.4M | ||
| Q2 24 | $4.8B | $927.9M | ||
| Q1 24 | $5.3B | $876.7M |
净利润ADPDCI
| Q4 25 | $1.1B | $113.9M | ||
| Q3 25 | $1.0B | $114.3M | ||
| Q2 25 | $910.7M | $57.8M | ||
| Q1 25 | $1.2B | $95.9M | ||
| Q4 24 | $963.2M | $99.0M | ||
| Q3 24 | $956.3M | $109.7M | ||
| Q2 24 | $829.3M | $113.5M | ||
| Q1 24 | $1.2B | $98.7M |
毛利率ADPDCI
| Q4 25 | 46.1% | 35.2% | ||
| Q3 25 | 45.2% | 34.5% | ||
| Q2 25 | 45.1% | 34.2% | ||
| Q1 25 | 47.7% | 35.2% | ||
| Q4 24 | 45.7% | 35.5% | ||
| Q3 24 | 45.5% | 35.8% | ||
| Q2 24 | 44.8% | 35.6% | ||
| Q1 24 | 47.3% | 35.2% |
营业利润率ADPDCI
| Q4 25 | 25.8% | 16.0% | ||
| Q3 25 | 25.3% | 15.5% | ||
| Q2 25 | 23.2% | 9.3% | ||
| Q1 25 | 29.2% | 14.4% | ||
| Q4 24 | 25.0% | 14.5% | ||
| Q3 24 | 25.6% | 15.6% | ||
| Q2 24 | 22.8% | 15.5% | ||
| Q1 24 | 29.4% | 14.8% |
净利率ADPDCI
| Q4 25 | 19.8% | 12.2% | ||
| Q3 25 | 19.6% | 11.7% | ||
| Q2 25 | 17.8% | 6.1% | ||
| Q1 25 | 22.5% | 11.0% | ||
| Q4 24 | 19.1% | 11.0% | ||
| Q3 24 | 19.8% | 11.7% | ||
| Q2 24 | 17.4% | 12.2% | ||
| Q1 24 | 22.6% | 11.3% |
每股收益（稀释后）ADPDCI
| Q4 25 | $2.62 | $0.97 | ||
| Q3 25 | $2.49 | $0.97 | ||
| Q2 25 | $2.23 | $0.48 | ||
| Q1 25 | $3.06 | $0.79 | ||
| Q4 24 | $2.35 | $0.81 | ||
| Q3 24 | $2.34 | $0.90 | ||
| Q2 24 | $2.01 | $0.92 | ||
| Q1 24 | $2.88 | $0.81 |
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 | $210.7M |
| 总债务越低越好 | — | $671.5M |
| 股东权益账面价值 | $6.4B | $1.5B |
| 总资产 | $84.6B | $3.0B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ADPDCI
| Q4 25 | $2.5B | $210.7M | ||
| Q3 25 | $7.9B | $180.4M | ||
| Q2 25 | $7.8B | $178.5M | ||
| Q1 25 | $2.7B | $189.1M | ||
| Q4 24 | $2.2B | $221.2M | ||
| Q3 24 | $7.3B | $232.7M | ||
| Q2 24 | $3.3B | $223.7M | ||
| Q1 24 | $3.3B | $193.8M |
总债务ADPDCI
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $630.4M | ||
| Q2 25 | — | $638.8M | ||
| Q1 25 | — | $514.7M | ||
| Q4 24 | — | $538.6M | ||
| Q3 24 | — | $483.4M | ||
| Q2 24 | — | $481.8M | ||
| Q1 24 | — | $352.0M |
股东权益ADPDCI
| Q4 25 | $6.4B | $1.5B | ||
| Q3 25 | $6.4B | $1.5B | ||
| Q2 25 | $6.2B | $1.5B | ||
| Q1 25 | $5.9B | $1.5B | ||
| Q4 24 | $5.1B | $1.5B | ||
| Q3 24 | $5.3B | $1.5B | ||
| Q2 24 | $4.5B | $1.5B | ||
| Q1 24 | $4.6B | $1.4B |
总资产ADPDCI
| Q4 25 | $84.6B | $3.0B | ||
| Q3 25 | $54.3B | $3.0B | ||
| Q2 25 | $53.4B | $3.0B | ||
| Q1 25 | $56.4B | $3.0B | ||
| Q4 24 | $64.1B | $3.0B | ||
| Q3 24 | $49.5B | $2.9B | ||
| Q2 24 | $54.4B | $2.9B | ||
| Q1 24 | $64.2B | $2.8B |
负债/权益比ADPDCI
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | — | 0.32× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.26× |
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 | $125.4M |
| 自由现金流经营现金流 - 资本支出 | — | $111.2M |
| 自由现金流率自由现金流/营收 | — | 11.9% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.10× |
| 过去12个月自由现金流最近4个季度 | — | $403.2M |
8季度趋势，按日历期对齐
经营现金流ADPDCI
| Q4 25 | $1.1B | $125.4M | ||
| Q3 25 | $642.3M | $167.8M | ||
| Q2 25 | $1.4B | $87.7M | ||
| Q1 25 | $1.5B | $90.4M | ||
| Q4 24 | $1.2B | $72.9M | ||
| Q3 24 | $824.4M | $126.0M | ||
| Q2 24 | $1.3B | $141.5M | ||
| Q1 24 | $1.5B | $87.0M |
自由现金流ADPDCI
| Q4 25 | — | $111.2M | ||
| Q3 25 | — | $147.5M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $71.5M | ||
| Q4 24 | — | $47.9M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $120.2M | ||
| Q1 24 | — | $65.7M |
自由现金流率ADPDCI
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 7.5% |
资本支出强度ADPDCI
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 2.4% |
现金转化率ADPDCI
| Q4 25 | 1.07× | 1.10× | ||
| Q3 25 | 0.63× | 1.47× | ||
| Q2 25 | 1.58× | 1.52× | ||
| Q1 25 | 1.22× | 0.94× | ||
| Q4 24 | 1.19× | 0.74× | ||
| Q3 24 | 0.86× | 1.15× | ||
| Q2 24 | 1.57× | 1.25× | ||
| Q1 24 | 1.26× | 0.88× |
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% |
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
