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Automatic Data Processing（ADP）与KADANT INC（KAI）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KADANT INC的19.7倍（$5.4B vs $271.6M）。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 -0.0%）。过去两年KADANT INC的营收复合增速更高（6.7% 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。
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
ADP vs KAI — 直观对比
营收规模更大
ADP
是对方的19.7倍
$271.6M
营收增速更快
ADP
高出6.2%
-0.0%
净利率更高
ADP
高出9.6%
10.2%
两年增速更快
KAI
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $271.6M |
| 净利润 | $1.1B | $27.7M |
| 毛利率 | 46.1% | 45.2% |
| 营业利润率 | 25.8% | 15.7% |
| 净利率 | 19.8% | 10.2% |
| 营收同比 | 6.2% | -0.0% |
| 净利润同比 | 10.3% | -12.2% |
| 每股收益（稀释后） | $2.62 | $2.35 |
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ADPKAI
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.2B | $271.6M | ||
| Q2 25 | $5.1B | $255.3M | ||
| Q1 25 | $5.6B | $239.2M | ||
| Q4 24 | $5.0B | $258.0M | ||
| Q3 24 | $4.8B | $271.6M | ||
| Q2 24 | $4.8B | $274.8M | ||
| Q1 24 | $5.3B | $249.0M |
净利润ADPKAI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $27.7M | ||
| Q2 25 | $910.7M | $26.2M | ||
| Q1 25 | $1.2B | $24.1M | ||
| Q4 24 | $963.2M | $24.0M | ||
| Q3 24 | $956.3M | $31.6M | ||
| Q2 24 | $829.3M | $31.3M | ||
| Q1 24 | $1.2B | $24.7M |
毛利率ADPKAI
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 45.2% | ||
| Q2 25 | 45.1% | 45.9% | ||
| Q1 25 | 47.7% | 46.1% | ||
| Q4 24 | 45.7% | 43.4% | ||
| Q3 24 | 45.5% | 44.7% | ||
| Q2 24 | 44.8% | 44.4% | ||
| Q1 24 | 47.3% | 44.6% |
营业利润率ADPKAI
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | 15.7% | ||
| Q2 25 | 23.2% | 15.4% | ||
| Q1 25 | 29.2% | 14.9% | ||
| Q4 24 | 25.0% | 14.3% | ||
| Q3 24 | 25.6% | 18.0% | ||
| Q2 24 | 22.8% | 17.6% | ||
| Q1 24 | 29.4% | 14.8% |
净利率ADPKAI
| Q4 25 | 19.8% | — | ||
| Q3 25 | 19.6% | 10.2% | ||
| Q2 25 | 17.8% | 10.2% | ||
| Q1 25 | 22.5% | 10.1% | ||
| Q4 24 | 19.1% | 9.3% | ||
| Q3 24 | 19.8% | 11.6% | ||
| Q2 24 | 17.4% | 11.4% | ||
| Q1 24 | 22.6% | 9.9% |
每股收益（稀释后）ADPKAI
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | $2.35 | ||
| Q2 25 | $2.23 | $2.22 | ||
| Q1 25 | $3.06 | $2.04 | ||
| Q4 24 | $2.35 | $2.04 | ||
| Q3 24 | $2.34 | $2.68 | ||
| Q2 24 | $2.01 | $2.66 | ||
| Q1 24 | $2.88 | $2.10 |
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 | $124.5M |
| 总债务越低越好 | — | $254.6M |
| 股东权益账面价值 | $6.4B | $949.8M |
| 总资产 | $84.6B | $1.5B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资ADPKAI
| Q4 25 | $2.5B | — | ||
| Q3 25 | $7.9B | $124.5M | ||
| Q2 25 | $7.8B | $95.3M | ||
| Q1 25 | $2.7B | $91.7M | ||
| Q4 24 | $2.2B | $94.7M | ||
| Q3 24 | $7.3B | $88.4M | ||
| Q2 24 | $3.3B | $73.8M | ||
| Q1 24 | $3.3B | $81.4M |
总债务ADPKAI
| Q4 25 | — | — | ||
| Q3 25 | — | $254.6M | ||
| Q2 25 | — | $245.7M | ||
| Q1 25 | — | $273.5M | ||
| Q4 24 | — | $285.2M | ||
| Q3 24 | — | $323.2M | ||
| Q2 24 | — | $342.0M | ||
| Q1 24 | — | $306.8M |
股东权益ADPKAI
| Q4 25 | $6.4B | — | ||
| Q3 25 | $6.4B | $949.8M | ||
| Q2 25 | $6.2B | $926.0M | ||
| Q1 25 | $5.9B | $876.0M | ||
| Q4 24 | $5.1B | $847.1M | ||
| Q3 24 | $5.3B | $851.7M | ||
| Q2 24 | $4.5B | $807.7M | ||
| Q1 24 | $4.6B | $782.7M |
总资产ADPKAI
| Q4 25 | $84.6B | — | ||
| Q3 25 | $54.3B | $1.5B | ||
| Q2 25 | $53.4B | $1.5B | ||
| Q1 25 | $56.4B | $1.4B | ||
| Q4 24 | $64.1B | $1.4B | ||
| Q3 24 | $49.5B | $1.5B | ||
| Q2 24 | $54.4B | $1.5B | ||
| Q1 24 | $64.2B | $1.4B |
负债/权益比ADPKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.42× | ||
| Q1 24 | — | 0.39× |
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 | $47.3M |
| 自由现金流经营现金流 - 资本支出 | — | $44.1M |
| 自由现金流率自由现金流/营收 | — | 16.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.70× |
| 过去12个月自由现金流最近4个季度 | — | $145.9M |
8季度趋势，按日历期对齐
经营现金流ADPKAI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $642.3M | $47.3M | ||
| Q2 25 | $1.4B | $40.5M | ||
| Q1 25 | $1.5B | $22.8M | ||
| Q4 24 | $1.2B | $51.9M | ||
| Q3 24 | $824.4M | $52.5M | ||
| Q2 24 | $1.3B | $28.1M | ||
| Q1 24 | $1.5B | $22.8M |
自由现金流ADPKAI
| Q4 25 | — | — | ||
| Q3 25 | — | $44.1M | ||
| Q2 25 | — | $36.5M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $46.3M | ||
| Q3 24 | — | $48.3M | ||
| Q2 24 | — | $23.1M | ||
| Q1 24 | — | $16.6M |
自由现金流率ADPKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 16.2% | ||
| Q2 25 | — | 14.3% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 6.7% |
资本支出强度ADPKAI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 2.5% |
现金转化率ADPKAI
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 1.70× | ||
| Q2 25 | 1.58× | 1.55× | ||
| Q1 25 | 1.22× | 0.95× | ||
| Q4 24 | 1.19× | 2.16× | ||
| Q3 24 | 0.86× | 1.66× | ||
| Q2 24 | 1.57× | 0.90× | ||
| Q1 24 | 1.26× | 0.92× |
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% |
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
