vs
Automatic Data Processing（ADP）与海斯特耶鲁（HY）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是海斯特耶鲁的5.8倍（$5.4B vs $923.2M）。Automatic Data Processing净利率更高（19.8% vs -5.7%，领先25.5%）。Automatic Data Processing同比增速更快（6.2% vs -13.5%）
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。
海斯特-耶鲁物料搬运公司通过其全资运营子公司海斯特-耶鲁集团，主要以海斯特与耶鲁品牌在全球范围设计研发、生产销售全系列叉车，并提供售后配件与相关服务。该公司2002年起就在NACCO工业集团内独立运营，最终于2012年从NACCO分拆独立。
ADP vs HY — 直观对比
营收规模更大
ADP
是对方的5.8倍
$923.2M
营收增速更快
ADP
高出19.7%
-13.5%
净利率更高
ADP
高出25.5%
-5.7%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $923.2M |
| 净利润 | $1.1B | $-52.5M |
| 毛利率 | 46.1% | 14.2% |
| 营业利润率 | 25.8% | -4.0% |
| 净利率 | 19.8% | -5.7% |
| 营收同比 | 6.2% | -13.5% |
| 净利润同比 | 10.3% | -609.7% |
| 每股收益（稀释后） | $2.62 | $-2.96 |
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ADPHY
| Q4 25 | $5.4B | $923.2M | ||
| Q3 25 | $5.2B | $0 | ||
| Q2 25 | $5.1B | $0 | ||
| Q1 25 | $5.6B | $0 | ||
| Q4 24 | $5.0B | $1.1B | ||
| Q3 24 | $4.8B | $0 | ||
| Q2 24 | $4.8B | $0 | ||
| Q1 24 | $5.3B | $0 |
净利润ADPHY
| Q4 25 | $1.1B | $-52.5M | ||
| Q3 25 | $1.0B | $-2.3M | ||
| Q2 25 | $910.7M | $-13.9M | ||
| Q1 25 | $1.2B | $8.6M | ||
| Q4 24 | $963.2M | $10.3M | ||
| Q3 24 | $956.3M | $17.2M | ||
| Q2 24 | $829.3M | $63.3M | ||
| Q1 24 | $1.2B | $51.5M |
毛利率ADPHY
| Q4 25 | 46.1% | 14.2% | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | 19.4% | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 47.3% | — |
营业利润率ADPHY
| Q4 25 | 25.8% | -4.0% | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 29.2% | — | ||
| Q4 24 | 25.0% | 3.0% | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 29.4% | — |
净利率ADPHY
| Q4 25 | 19.8% | -5.7% | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 19.1% | 1.0% | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 22.6% | — |
每股收益（稀释后）ADPHY
| Q4 25 | $2.62 | $-2.96 | ||
| Q3 25 | $2.49 | $-0.13 | ||
| Q2 25 | $2.23 | $-0.79 | ||
| Q1 25 | $3.06 | $0.48 | ||
| Q4 24 | $2.35 | $0.56 | ||
| Q3 24 | $2.34 | $0.97 | ||
| Q2 24 | $2.01 | $3.58 | ||
| Q1 24 | $2.88 | $2.93 |
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 | — |
| 总债务越低越好 | — | $251.9M |
| 股东权益账面价值 | $6.4B | $472.0M |
| 总资产 | $84.6B | $2.0B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资ADPHY
| Q4 25 | $2.5B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.3B | — |
总债务ADPHY
| Q4 25 | — | $251.9M | ||
| Q3 25 | — | $252.2M | ||
| Q2 25 | — | $245.2M | ||
| Q1 25 | — | $242.6M | ||
| Q4 24 | — | $241.9M | ||
| Q3 24 | — | $247.4M | ||
| Q2 24 | — | $248.5M | ||
| Q1 24 | — | $239.7M |
股东权益ADPHY
| Q4 25 | $6.4B | $472.0M | ||
| Q3 25 | $6.4B | $536.0M | ||
| Q2 25 | $6.2B | $544.7M | ||
| Q1 25 | $5.9B | $510.0M | ||
| Q4 24 | $5.1B | $475.1M | ||
| Q3 24 | $5.3B | $529.9M | ||
| Q2 24 | $4.5B | $465.7M | ||
| Q1 24 | $4.6B | $412.1M |
总资产ADPHY
| Q4 25 | $84.6B | $2.0B | ||
| Q3 25 | $54.3B | $2.1B | ||
| Q2 25 | $53.4B | $2.1B | ||
| Q1 25 | $56.4B | $2.1B | ||
| Q4 24 | $64.1B | $2.0B | ||
| Q3 24 | $49.5B | $2.2B | ||
| Q2 24 | $54.4B | $2.1B | ||
| Q1 24 | $64.2B | $2.1B |
负债/权益比ADPHY
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.58× |
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 | $56.5M |
| 自由现金流经营现金流 - 资本支出 | — | $32.9M |
| 自由现金流率自由现金流/营收 | — | 3.6% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 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 | — | $23.6M |
8季度趋势，按日历期对齐
经营现金流ADPHY
| Q4 25 | $1.1B | $56.5M | ||
| Q3 25 | $642.3M | $37.1M | ||
| Q2 25 | $1.4B | $28.9M | ||
| Q1 25 | $1.5B | $-36.4M | ||
| Q4 24 | $1.2B | $80.7M | ||
| Q3 24 | $824.4M | $70.1M | ||
| Q2 24 | $1.3B | $-2.5M | ||
| Q1 24 | $1.5B | $22.4M |
自由现金流ADPHY
| Q4 25 | — | $32.9M | ||
| Q3 25 | — | $22.6M | ||
| Q2 25 | — | $15.1M | ||
| Q1 25 | — | $-47.0M | ||
| Q4 24 | — | $62.8M | ||
| Q3 24 | — | $59.9M | ||
| Q2 24 | — | $-14.7M | ||
| Q1 24 | — | $14.9M |
自由现金流率ADPHY
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ADPHY
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率ADPHY
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | -4.23× | ||
| Q4 24 | 1.19× | 7.83× | ||
| Q3 24 | 0.86× | 4.08× | ||
| Q2 24 | 1.57× | -0.04× | ||
| Q1 24 | 1.26× | 0.43× |
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% |
HY
| Sales Channel Through Intermediary | $281.7M | 31% |
| Aftermarketsales | $179.1M | 19% |
| Sales Channel Directly To Consumer | $173.6M | 19% |
| EMEAHY | $153.3M | 17% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $89.0M | 10% |
| Otherrevenue | $42.4M | 5% |
