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Automatic Data Processing（ADP）与Hub Group, Inc.（HUBG）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Hub Group, Inc.的5.7倍（$5.4B vs $934.5M）。Automatic Data Processing净利率更高（19.8% vs 3.1%，领先16.8%）。Automatic Data Processing同比增速更快（6.2% vs -5.3%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -2.6%）
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。
Hub Group是北美知名的运输与物流管理企业，1971年由菲利普·耶格尔创立，1996年上市，总部位于伊利诺伊州奥克布鲁克，目前由创始人之孙菲利普·D·耶格尔运营，年营收超50亿美元，为客户提供专业的供应链及物流解决方案。
ADP vs HUBG — 直观对比
营收规模更大
ADP
是对方的5.7倍
$934.5M
营收增速更快
ADP
高出11.5%
-5.3%
净利率更高
ADP
高出16.8%
3.1%
两年增速更快
ADP
近两年复合增速
-2.6%
损益表 — Q2 2026 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $934.5M |
| 净利润 | $1.1B | $28.6M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 4.2% |
| 净利率 | 19.8% | 3.1% |
| 营收同比 | 6.2% | -5.3% |
| 净利润同比 | 10.3% | 21.0% |
| 每股收益（稀释后） | $2.62 | $0.47 |
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ADPHUBG
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.2B | $934.5M | ||
| Q2 25 | $5.1B | $905.6M | ||
| Q1 25 | $5.6B | $915.2M | ||
| Q4 24 | $5.0B | $973.5M | ||
| Q3 24 | $4.8B | $986.9M | ||
| Q2 24 | $4.8B | $986.5M | ||
| Q1 24 | $5.3B | $999.5M |
净利润ADPHUBG
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $28.6M | ||
| Q2 25 | $910.7M | $25.2M | ||
| Q1 25 | $1.2B | $26.8M | ||
| Q4 24 | $963.2M | $24.3M | ||
| Q3 24 | $956.3M | $23.6M | ||
| Q2 24 | $829.3M | $29.0M | ||
| Q1 24 | $1.2B | $27.1M |
毛利率ADPHUBG
| 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ADPHUBG
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | 4.2% | ||
| Q2 25 | 23.2% | 3.8% | ||
| Q1 25 | 29.2% | 4.1% | ||
| Q4 24 | 25.0% | 3.2% | ||
| Q3 24 | 25.6% | 3.3% | ||
| Q2 24 | 22.8% | 4.0% | ||
| Q1 24 | 29.4% | 3.7% |
净利率ADPHUBG
| Q4 25 | 19.8% | — | ||
| Q3 25 | 19.6% | 3.1% | ||
| Q2 25 | 17.8% | 2.8% | ||
| Q1 25 | 22.5% | 2.9% | ||
| Q4 24 | 19.1% | 2.5% | ||
| Q3 24 | 19.8% | 2.4% | ||
| Q2 24 | 17.4% | 2.9% | ||
| Q1 24 | 22.6% | 2.7% |
每股收益（稀释后）ADPHUBG
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | $0.47 | ||
| Q2 25 | $2.23 | $0.42 | ||
| Q1 25 | $3.06 | $0.44 | ||
| Q4 24 | $2.35 | $0.40 | ||
| Q3 24 | $2.34 | $0.39 | ||
| Q2 24 | $2.01 | $0.47 | ||
| Q1 24 | $2.88 | $0.44 |
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 | $119.7M |
| 总债务越低越好 | — | $255.0M |
| 股东权益账面价值 | $6.4B | $1.7B |
| 总资产 | $84.6B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资ADPHUBG
| Q4 25 | $2.5B | — | ||
| Q3 25 | $7.9B | $119.7M | ||
| Q2 25 | $7.8B | $137.0M | ||
| Q1 25 | $2.7B | $112.7M | ||
| Q4 24 | $2.2B | $98.2M | ||
| Q3 24 | $7.3B | $186.1M | ||
| Q2 24 | $3.3B | $220.2M | ||
| Q1 24 | $3.3B | $195.4M |
总债务ADPHUBG
| Q4 25 | — | — | ||
| Q3 25 | — | $255.0M | ||
| Q2 25 | — | $231.9M | ||
| Q1 25 | — | $252.1M | ||
| Q4 24 | — | $264.4M | ||
| Q3 24 | — | $287.1M | ||
| Q2 24 | — | $313.1M | ||
| Q1 24 | — | $334.8M |
股东权益ADPHUBG
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | $1.7B | ||
| Q2 25 | $6.2B | $1.7B | ||
| Q1 25 | $5.9B | $1.6B | ||
| Q4 24 | $5.1B | $1.6B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $4.5B | $1.6B | ||
| Q1 24 | $4.6B | $1.6B |
总资产ADPHUBG
| Q4 25 | $84.6B | — | ||
| Q3 25 | $54.3B | $2.9B | ||
| Q2 25 | $53.4B | $2.8B | ||
| Q1 25 | $56.4B | $2.8B | ||
| Q4 24 | $64.1B | $2.9B | ||
| Q3 24 | $49.5B | $2.8B | ||
| Q2 24 | $54.4B | $2.9B | ||
| Q1 24 | $64.2B | $2.9B |
负债/权益比ADPHUBG
| Q4 25 | — | — | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.21× |
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 | $28.1M |
| 自由现金流经营现金流 - 资本支出 | — | $19.4M |
| 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 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 0.98× |
| 过去12个月自由现金流最近4个季度 | — | $113.4M |
8季度趋势，按日历期对齐
经营现金流ADPHUBG
| Q4 25 | $1.1B | — | ||
| Q3 25 | $642.3M | $28.1M | ||
| Q2 25 | $1.4B | $61.5M | ||
| Q1 25 | $1.5B | $70.0M | ||
| Q4 24 | $1.2B | $604.0K | ||
| Q3 24 | $824.4M | $43.4M | ||
| Q2 24 | $1.3B | $69.9M | ||
| Q1 24 | $1.5B | $80.5M |
自由现金流ADPHUBG
| Q4 25 | — | — | ||
| Q3 25 | — | $19.4M | ||
| Q2 25 | — | $50.2M | ||
| Q1 25 | — | $50.8M | ||
| Q4 24 | — | $-7.0M | ||
| Q3 24 | — | $31.4M | ||
| Q2 24 | — | $56.2M | ||
| Q1 24 | — | $63.0M |
自由现金流率ADPHUBG
| Q4 25 | — | — | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | -0.7% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | 6.3% |
资本支出强度ADPHUBG
| Q4 25 | — | — | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.8% |
现金转化率ADPHUBG
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 0.98× | ||
| Q2 25 | 1.58× | 2.44× | ||
| Q1 25 | 1.22× | 2.61× | ||
| Q4 24 | 1.19× | 0.02× | ||
| Q3 24 | 0.86× | 1.84× | ||
| Q2 24 | 1.57× | 2.41× | ||
| Q1 24 | 1.26× | 2.98× |
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% |
HUBG
| Intermodal | $561.5M | 60% |
| Other | $343.6M | 37% |
| Inter Segment | $29.4M | 3% |
