vs
Automatic Data Processing（ADP）与江森自控（JCI）财务数据对比。点击上方公司名可切换其他公司
江森自控的季度营收约是Automatic Data Processing的1.1倍（$5.8B vs $5.4B），Automatic Data Processing净利率更高（19.8% vs 9.0%，领先10.8%），江森自控同比增速更快（6.8% vs 6.2%），过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -7.0%）
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。
江森自控是总部位于爱尔兰科克的跨国综合企业，专注于为各类建筑提供消防、暖通空调及安防设备，业务覆盖六大洲近2000个地点，2019年中期员工规模达10.5万人，曾位列2017年《财富》全球500强第389位。
ADP vs JCI — 直观对比
营收规模更大
JCI
是对方的1.1倍
$5.4B
营收增速更快
JCI
高出0.7%
6.2%
净利率更高
ADP
高出10.8%
9.0%
两年增速更快
ADP
近两年复合增速
-7.0%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $5.8B |
| 净利润 | $1.1B | $524.0M |
| 毛利率 | 46.1% | 35.8% |
| 营业利润率 | 25.8% | — |
| 净利率 | 19.8% | 9.0% |
| 营收同比 | 6.2% | 6.8% |
| 净利润同比 | 10.3% | 25.1% |
| 每股收益（稀释后） | $2.62 | $0.85 |
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ADPJCI
| Q4 25 | $5.4B | $5.8B | ||
| Q3 25 | $5.2B | $6.4B | ||
| Q2 25 | $5.1B | $6.1B | ||
| Q1 25 | $5.6B | $5.7B | ||
| Q4 24 | $5.0B | $5.4B | ||
| Q3 24 | $4.8B | $2.9B | ||
| Q2 24 | $4.8B | $7.2B | ||
| Q1 24 | $5.3B | $6.7B |
净利润ADPJCI
| Q4 25 | $1.1B | $524.0M | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $910.7M | $701.0M | ||
| Q1 25 | $1.2B | $478.0M | ||
| Q4 24 | $963.2M | $419.0M | ||
| Q3 24 | $956.3M | $633.0M | ||
| Q2 24 | $829.3M | $975.0M | ||
| Q1 24 | $1.2B | $-277.0M |
毛利率ADPJCI
| Q4 25 | 46.1% | 35.8% | ||
| Q3 25 | 45.2% | 36.5% | ||
| Q2 25 | 45.1% | 37.1% | ||
| Q1 25 | 47.7% | 36.5% | ||
| Q4 24 | 45.7% | 35.5% | ||
| Q3 24 | 45.5% | 48.4% | ||
| Q2 24 | 44.8% | 34.4% | ||
| Q1 24 | 47.3% | 32.6% |
营业利润率ADPJCI
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | 5.5% | ||
| Q2 25 | 23.2% | 11.6% | ||
| Q1 25 | 29.2% | 8.8% | ||
| Q4 24 | 25.0% | 7.5% | ||
| Q3 24 | 25.6% | 6.9% | ||
| Q2 24 | 22.8% | 17.7% | ||
| Q1 24 | 29.4% | -5.4% |
净利率ADPJCI
| Q4 25 | 19.8% | 9.0% | ||
| Q3 25 | 19.6% | 26.3% | ||
| Q2 25 | 17.8% | 11.6% | ||
| Q1 25 | 22.5% | 8.4% | ||
| Q4 24 | 19.1% | 7.7% | ||
| Q3 24 | 19.8% | 21.6% | ||
| Q2 24 | 17.4% | 13.5% | ||
| Q1 24 | 22.6% | -4.1% |
每股收益（稀释后）ADPJCI
| Q4 25 | $2.62 | $0.85 | ||
| Q3 25 | $2.49 | $2.61 | ||
| Q2 25 | $2.23 | $1.07 | ||
| Q1 25 | $3.06 | $0.72 | ||
| Q4 24 | $2.35 | $0.63 | ||
| Q3 24 | $2.34 | $0.93 | ||
| Q2 24 | $2.01 | $1.45 | ||
| Q1 24 | $2.88 | $-0.41 |
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 | $552.0M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $6.4B | $13.2B |
| 总资产 | $84.6B | $38.0B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资ADPJCI
| Q4 25 | $2.5B | $552.0M | ||
| Q3 25 | $7.9B | $379.0M | ||
| Q2 25 | $7.8B | $731.0M | ||
| Q1 25 | $2.7B | $795.0M | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $7.3B | $606.0M | ||
| Q2 24 | $3.3B | $862.0M | ||
| Q1 24 | $3.3B | $843.0M |
总债务ADPJCI
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.6B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | — | $8.2B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $7.9B | ||
| Q1 24 | — | $7.3B |
股东权益ADPJCI
| Q4 25 | $6.4B | $13.2B | ||
| Q3 25 | $6.4B | $12.9B | ||
| Q2 25 | $6.2B | $15.8B | ||
| Q1 25 | $5.9B | $15.8B | ||
| Q4 24 | $5.1B | $15.9B | ||
| Q3 24 | $5.3B | $16.1B | ||
| Q2 24 | $4.5B | $16.0B | ||
| Q1 24 | $4.6B | $15.7B |
总资产ADPJCI
| Q4 25 | $84.6B | $38.0B | ||
| Q3 25 | $54.3B | $37.9B | ||
| Q2 25 | $53.4B | $43.4B | ||
| Q1 25 | $56.4B | $42.4B | ||
| Q4 24 | $64.1B | $42.1B | ||
| Q3 24 | $49.5B | $42.7B | ||
| Q2 24 | $54.4B | $43.3B | ||
| Q1 24 | $64.2B | $43.5B |
负债/权益比ADPJCI
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.52× | ||
| Q4 24 | — | 0.54× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.47× |
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 | $611.0M |
| 自由现金流经营现金流 - 资本支出 | — | $531.0M |
| 自由现金流率自由现金流/营收 | — | 9.2% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.17× |
| 过去12个月自由现金流最近4个季度 | — | $2.5B |
8季度趋势，按日历期对齐
经营现金流ADPJCI
| Q4 25 | $1.1B | $611.0M | ||
| Q3 25 | $642.3M | $968.0M | ||
| Q2 25 | $1.4B | $787.0M | ||
| Q1 25 | $1.5B | $550.0M | ||
| Q4 24 | $1.2B | $249.0M | ||
| Q3 24 | $824.4M | $1.4B | ||
| Q2 24 | $1.3B | $1.0B | ||
| Q1 24 | $1.5B | $-203.0M |
自由现金流ADPJCI
| Q4 25 | — | $531.0M | ||
| Q3 25 | — | $838.0M | ||
| Q2 25 | — | $693.0M | ||
| Q1 25 | — | $456.0M | ||
| Q4 24 | — | $133.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $922.0M | ||
| Q1 24 | — | $-336.0M |
自由现金流率ADPJCI
| Q4 25 | — | 9.2% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 40.4% | ||
| Q2 24 | — | 12.8% | ||
| Q1 24 | — | -5.0% |
资本支出强度ADPJCI
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.0% |
现金转化率ADPJCI
| Q4 25 | 1.07× | 1.17× | ||
| Q3 25 | 0.63× | 0.57× | ||
| Q2 25 | 1.58× | 1.12× | ||
| Q1 25 | 1.22× | 1.15× | ||
| Q4 24 | 1.19× | 0.59× | ||
| Q3 24 | 0.86× | 2.14× | ||
| Q2 24 | 1.57× | 1.05× | ||
| Q1 24 | 1.26× | — |
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% |
JCI
| Productsand Systems | $3.9B | 67% |
| Services | $1.9B | 33% |
