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Automatic Data Processing（ADP）与Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的7.2倍（$5.4B vs $747.5M）。Automatic Data Processing净利率更高（19.8% vs 10.2%，领先9.6%）。Automatic Data Processing同比增速更快（6.2% vs -0.4%）。过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% 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。
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
ADP vs IBP — 直观对比
营收规模更大
ADP
是对方的7.2倍
$747.5M
营收增速更快
ADP
高出6.5%
-0.4%
净利率更高
ADP
高出9.6%
10.2%
两年增速更快
IBP
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $747.5M |
| 净利润 | $1.1B | $76.6M |
| 毛利率 | 46.1% | 35.0% |
| 营业利润率 | 25.8% | 14.6% |
| 净利率 | 19.8% | 10.2% |
| 营收同比 | 6.2% | -0.4% |
| 净利润同比 | 10.3% | 14.5% |
| 每股收益（稀释后） | $2.62 | $2.81 |
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ADPIBP
| Q4 25 | $5.4B | $747.5M | ||
| Q3 25 | $5.2B | $778.2M | ||
| Q2 25 | $5.1B | $760.3M | ||
| Q1 25 | $5.6B | $684.8M | ||
| Q4 24 | $5.0B | $750.2M | ||
| Q3 24 | $4.8B | $760.6M | ||
| Q2 24 | $4.8B | $737.6M | ||
| Q1 24 | $5.3B | $692.9M |
净利润ADPIBP
| Q4 25 | $1.1B | $76.6M | ||
| Q3 25 | $1.0B | $74.4M | ||
| Q2 25 | $910.7M | $69.0M | ||
| Q1 25 | $1.2B | $45.4M | ||
| Q4 24 | $963.2M | $66.9M | ||
| Q3 24 | $956.3M | $68.6M | ||
| Q2 24 | $829.3M | $65.2M | ||
| Q1 24 | $1.2B | $55.9M |
毛利率ADPIBP
| Q4 25 | 46.1% | 35.0% | ||
| Q3 25 | 45.2% | 34.0% | ||
| Q2 25 | 45.1% | 34.2% | ||
| Q1 25 | 47.7% | 32.7% | ||
| Q4 24 | 45.7% | 33.6% | ||
| Q3 24 | 45.5% | 33.8% | ||
| Q2 24 | 44.8% | 34.1% | ||
| Q1 24 | 47.3% | 33.8% |
营业利润率ADPIBP
| Q4 25 | 25.8% | 14.6% | ||
| Q3 25 | 25.3% | 13.7% | ||
| Q2 25 | 23.2% | 13.3% | ||
| Q1 25 | 29.2% | 10.2% | ||
| Q4 24 | 25.0% | 13.1% | ||
| Q3 24 | 25.6% | 13.3% | ||
| Q2 24 | 22.8% | 12.9% | ||
| Q1 24 | 29.4% | 12.7% |
净利率ADPIBP
| Q4 25 | 19.8% | 10.2% | ||
| Q3 25 | 19.6% | 9.6% | ||
| Q2 25 | 17.8% | 9.1% | ||
| Q1 25 | 22.5% | 6.6% | ||
| Q4 24 | 19.1% | 8.9% | ||
| Q3 24 | 19.8% | 9.0% | ||
| Q2 24 | 17.4% | 8.8% | ||
| Q1 24 | 22.6% | 8.1% |
每股收益（稀释后）ADPIBP
| Q4 25 | $2.62 | $2.81 | ||
| Q3 25 | $2.49 | $2.74 | ||
| Q2 25 | $2.23 | $2.52 | ||
| Q1 25 | $3.06 | $1.64 | ||
| Q4 24 | $2.35 | $2.39 | ||
| Q3 24 | $2.34 | $2.44 | ||
| Q2 24 | $2.01 | $2.30 | ||
| Q1 24 | $2.88 | $1.97 |
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 | $321.9M |
| 总债务越低越好 | — | $886.6M |
| 股东权益账面价值 | $6.4B | $709.9M |
| 总资产 | $84.6B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 1.25× |
8季度趋势，按日历期对齐
现金及短期投资ADPIBP
| Q4 25 | $2.5B | $321.9M | ||
| Q3 25 | $7.9B | $333.3M | ||
| Q2 25 | $7.8B | $305.2M | ||
| Q1 25 | $2.7B | $298.7M | ||
| Q4 24 | $2.2B | $327.6M | ||
| Q3 24 | $7.3B | $406.2M | ||
| Q2 24 | $3.3B | $380.3M | ||
| Q1 24 | $3.3B | $399.9M |
总债务ADPIBP
| Q4 25 | — | $886.6M | ||
| Q3 25 | — | $880.8M | ||
| Q2 25 | — | $876.1M | ||
| Q1 25 | — | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | — | $872.3M | ||
| Q2 24 | — | $875.8M | ||
| Q1 24 | — | $875.0M |
股东权益ADPIBP
| Q4 25 | $6.4B | $709.9M | ||
| Q3 25 | $6.4B | $678.6M | ||
| Q2 25 | $6.2B | $664.5M | ||
| Q1 25 | $5.9B | $660.9M | ||
| Q4 24 | $5.1B | $705.3M | ||
| Q3 24 | $5.3B | $716.4M | ||
| Q2 24 | $4.5B | $685.3M | ||
| Q1 24 | $4.6B | $679.2M |
总资产ADPIBP
| Q4 25 | $84.6B | $2.1B | ||
| Q3 25 | $54.3B | $2.1B | ||
| Q2 25 | $53.4B | $2.0B | ||
| Q1 25 | $56.4B | $2.0B | ||
| Q4 24 | $64.1B | $2.1B | ||
| Q3 24 | $49.5B | $2.1B | ||
| Q2 24 | $54.4B | $2.0B | ||
| Q1 24 | $64.2B | $2.0B |
负债/权益比ADPIBP
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | — | 1.22× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.29× |
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 | $64.9M |
| 自由现金流经营现金流 - 资本支出 | — | $49.3M |
| 自由现金流率自由现金流/营收 | — | 6.6% |
| 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× | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $300.8M |
8季度趋势，按日历期对齐
经营现金流ADPIBP
| Q4 25 | $1.1B | $64.9M | ||
| Q3 25 | $642.3M | $124.0M | ||
| Q2 25 | $1.4B | $90.4M | ||
| Q1 25 | $1.5B | $92.1M | ||
| Q4 24 | $1.2B | $74.8M | ||
| Q3 24 | $824.4M | $101.4M | ||
| Q2 24 | $1.3B | $79.0M | ||
| Q1 24 | $1.5B | $84.8M |
自由现金流ADPIBP
| Q4 25 | — | $49.3M | ||
| Q3 25 | — | $104.8M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $71.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | — | $77.3M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | — | $63.0M |
自由现金流率ADPIBP
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 9.1% |
资本支出强度ADPIBP
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.1% |
现金转化率ADPIBP
| Q4 25 | 1.07× | 0.85× | ||
| Q3 25 | 0.63× | 1.67× | ||
| Q2 25 | 1.58× | 1.31× | ||
| Q1 25 | 1.22× | 2.03× | ||
| Q4 24 | 1.19× | 1.12× | ||
| Q3 24 | 0.86× | 1.48× | ||
| Q2 24 | 1.57× | 1.21× | ||
| Q1 24 | 1.26× | 1.52× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
