vs
Automatic Data Processing（ADP）与FLOWSERVE CORP（FLS）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FLOWSERVE CORP的4.4倍（$5.4B vs $1.2B）。Automatic Data Processing净利率更高（19.8% vs -2.4%，领先22.2%）。Automatic Data Processing同比增速更快（6.2% vs 3.5%）。过去两年FLOWSERVE CORP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。
Flowserve是美国跨国企业，也是全球领先的工业及环保机械供应商之一，主营泵、阀门、端面机械密封、自动化产品及相关服务，覆盖电力、油气、化工等多个行业，总部位于得克萨斯州欧文市，在全球50多国拥有近1.6万名员工，同时提供完善的售后服务。
ADP vs FLS — 直观对比
营收规模更大
ADP
是对方的4.4倍
$1.2B
营收增速更快
ADP
高出2.6%
3.5%
净利率更高
ADP
高出22.2%
-2.4%
两年增速更快
FLS
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $1.2B |
| 净利润 | $1.1B | $-29.0M |
| 毛利率 | 46.1% | 34.8% |
| 营业利润率 | 25.8% | 3.5% |
| 净利率 | 19.8% | -2.4% |
| 营收同比 | 6.2% | 3.5% |
| 净利润同比 | 10.3% | -137.4% |
| 每股收益（稀释后） | $2.62 | $-0.21 |
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ADPFLS
| Q4 25 | $5.4B | $1.2B | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $5.1B | $1.2B | ||
| Q1 25 | $5.6B | $1.1B | ||
| Q4 24 | $5.0B | $1.2B | ||
| Q3 24 | $4.8B | $1.1B | ||
| Q2 24 | $4.8B | $1.2B | ||
| Q1 24 | $5.3B | $1.1B |
净利润ADPFLS
| Q4 25 | $1.1B | $-29.0M | ||
| Q3 25 | $1.0B | $219.6M | ||
| Q2 25 | $910.7M | $81.8M | ||
| Q1 25 | $1.2B | $73.9M | ||
| Q4 24 | $963.2M | $77.5M | ||
| Q3 24 | $956.3M | $58.4M | ||
| Q2 24 | $829.3M | $72.6M | ||
| Q1 24 | $1.2B | $74.2M |
毛利率ADPFLS
| Q4 25 | 46.1% | 34.8% | ||
| Q3 25 | 45.2% | 32.4% | ||
| Q2 25 | 45.1% | 34.2% | ||
| Q1 25 | 47.7% | 32.3% | ||
| Q4 24 | 45.7% | 31.5% | ||
| Q3 24 | 45.5% | 31.5% | ||
| Q2 24 | 44.8% | 31.6% | ||
| Q1 24 | 47.3% | 31.2% |
营业利润率ADPFLS
| Q4 25 | 25.8% | 3.5% | ||
| Q3 25 | 25.3% | 6.7% | ||
| Q2 25 | 23.2% | 12.3% | ||
| Q1 25 | 29.2% | 11.5% | ||
| Q4 24 | 25.0% | 10.6% | ||
| Q3 24 | 25.6% | 9.1% | ||
| Q2 24 | 22.8% | 10.5% | ||
| Q1 24 | 29.4% | 10.4% |
净利率ADPFLS
| Q4 25 | 19.8% | -2.4% | ||
| Q3 25 | 19.6% | 18.7% | ||
| Q2 25 | 17.8% | 6.9% | ||
| Q1 25 | 22.5% | 6.5% | ||
| Q4 24 | 19.1% | 6.6% | ||
| Q3 24 | 19.8% | 5.2% | ||
| Q2 24 | 17.4% | 6.3% | ||
| Q1 24 | 22.6% | 6.8% |
每股收益（稀释后）ADPFLS
| Q4 25 | $2.62 | $-0.21 | ||
| Q3 25 | $2.49 | $1.67 | ||
| Q2 25 | $2.23 | $0.62 | ||
| Q1 25 | $3.06 | $0.56 | ||
| Q4 24 | $2.35 | $0.59 | ||
| Q3 24 | $2.34 | $0.44 | ||
| Q2 24 | $2.01 | $0.55 | ||
| 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 | $760.2M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $6.4B | $2.2B |
| 总资产 | $84.6B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资ADPFLS
| Q4 25 | $2.5B | $760.2M | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.2B | $675.4M | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.3B | — |
总债务ADPFLS
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADPFLS
| Q4 25 | $6.4B | $2.2B | ||
| Q3 25 | $6.4B | $2.3B | ||
| Q2 25 | $6.2B | $2.2B | ||
| Q1 25 | $5.9B | $2.1B | ||
| Q4 24 | $5.1B | $2.0B | ||
| Q3 24 | $5.3B | $2.1B | ||
| Q2 24 | $4.5B | $2.0B | ||
| Q1 24 | $4.6B | $2.0B |
总资产ADPFLS
| Q4 25 | $84.6B | $5.7B | ||
| Q3 25 | $54.3B | $5.8B | ||
| Q2 25 | $53.4B | $5.7B | ||
| Q1 25 | $56.4B | $5.5B | ||
| Q4 24 | $64.1B | $5.5B | ||
| Q3 24 | $49.5B | $5.3B | ||
| Q2 24 | $54.4B | $5.2B | ||
| Q1 24 | $64.2B | $5.1B |
负债/权益比ADPFLS
| Q4 25 | — | 0.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-174.0K |
| 自由现金流经营现金流 - 资本支出 | — | $-25.6M |
| 自由现金流率自由现金流/营收 | — | -2.1% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | 1.07× | — |
| 过去12个月自由现金流最近4个季度 | — | $435.0M |
8季度趋势，按日历期对齐
经营现金流ADPFLS
| Q4 25 | $1.1B | $-174.0K | ||
| Q3 25 | $642.3M | $401.8M | ||
| Q2 25 | $1.4B | $154.1M | ||
| Q1 25 | $1.5B | $-49.9M | ||
| Q4 24 | $1.2B | $197.3M | ||
| Q3 24 | $824.4M | $178.5M | ||
| Q2 24 | $1.3B | $-12.8M | ||
| Q1 24 | $1.5B | $62.3M |
自由现金流ADPFLS
| Q4 25 | — | $-25.6M | ||
| Q3 25 | — | $384.7M | ||
| Q2 25 | — | $137.5M | ||
| Q1 25 | — | $-61.7M | ||
| Q4 24 | — | $168.5M | ||
| Q3 24 | — | $154.6M | ||
| Q2 24 | — | $-27.5M | ||
| Q1 24 | — | $48.6M |
自由现金流率ADPFLS
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 11.6% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | -2.4% | ||
| Q1 24 | — | 4.5% |
资本支出强度ADPFLS
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.3% |
现金转化率ADPFLS
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 1.83× | ||
| Q2 25 | 1.58× | 1.89× | ||
| Q1 25 | 1.22× | -0.68× | ||
| Q4 24 | 1.19× | 2.55× | ||
| Q3 24 | 0.86× | 3.06× | ||
| Q2 24 | 1.57× | -0.18× | ||
| Q1 24 | 1.26× | 0.84× |
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% |
FLS
| Aftermarket Equipment | $563.4M | 46% |
| FCD | $390.3M | 32% |
| Original Equipment | $268.5M | 22% |
