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Automatic Data Processing（ADP）与KOHLS Corp（KSS）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KOHLS Corp的1.5倍（$5.4B vs $3.6B），Automatic Data Processing净利率更高（19.8% vs 0.2%，领先19.6%），Automatic Data Processing同比增速更快（6.2% vs -3.6%），过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -22.5%）
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。
科尔士（Kohl's）是美国知名连锁百货零售商，目前在全美除夏威夷外的各州共开设1174家门店。品牌由波兰移民麦克斯韦·科尔创立，1927年他在威斯康星州密尔沃基开设了一家街角杂货店，在当地发展为成功的连锁品牌后，1962年公司开设首家百货门店，正式进军百货零售领域。
ADP vs KSS — 直观对比
营收规模更大
ADP
是对方的1.5倍
$3.6B
营收增速更快
ADP
高出9.8%
-3.6%
净利率更高
ADP
高出19.6%
0.2%
两年增速更快
ADP
近两年复合增速
-22.5%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $3.6B |
| 净利润 | $1.1B | $8.0M |
| 毛利率 | 46.1% | 42.4% |
| 营业利润率 | 25.8% | 2.0% |
| 净利率 | 19.8% | 0.2% |
| 营收同比 | 6.2% | -3.6% |
| 净利润同比 | 10.3% | -63.6% |
| 每股收益（稀释后） | $2.62 | $0.07 |
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ADPKSS
| Q4 25 | $5.4B | $3.6B | ||
| Q3 25 | $5.2B | $3.5B | ||
| Q2 25 | $5.1B | $3.2B | ||
| Q1 25 | $5.6B | $5.4B | ||
| Q4 24 | $5.0B | $3.7B | ||
| Q3 24 | $4.8B | $3.7B | ||
| Q2 24 | $4.8B | $3.4B | ||
| Q1 24 | $5.3B | $6.0B |
净利润ADPKSS
| Q4 25 | $1.1B | $8.0M | ||
| Q3 25 | $1.0B | $153.0M | ||
| Q2 25 | $910.7M | $-15.0M | ||
| Q1 25 | $1.2B | $48.0M | ||
| Q4 24 | $963.2M | $22.0M | ||
| Q3 24 | $956.3M | $66.0M | ||
| Q2 24 | $829.3M | $-27.0M | ||
| Q1 24 | $1.2B | $186.0M |
毛利率ADPKSS
| Q4 25 | 46.1% | 42.4% | ||
| Q3 25 | 45.2% | 43.3% | ||
| Q2 25 | 45.1% | 43.3% | ||
| Q1 25 | 47.7% | 35.6% | ||
| Q4 24 | 45.7% | 42.4% | ||
| Q3 24 | 45.5% | 43.0% | ||
| Q2 24 | 44.8% | 43.1% | ||
| Q1 24 | 47.3% | 35.2% |
营业利润率ADPKSS
| Q4 25 | 25.8% | 2.0% | ||
| Q3 25 | 25.3% | 7.9% | ||
| Q2 25 | 23.2% | 1.9% | ||
| Q1 25 | 29.2% | 2.3% | ||
| Q4 24 | 25.0% | 2.6% | ||
| Q3 24 | 25.6% | 4.4% | ||
| Q2 24 | 22.8% | 1.3% | ||
| Q1 24 | 29.4% | 5.0% |
净利率ADPKSS
| Q4 25 | 19.8% | 0.2% | ||
| Q3 25 | 19.6% | 4.3% | ||
| Q2 25 | 17.8% | -0.5% | ||
| Q1 25 | 22.5% | 0.9% | ||
| Q4 24 | 19.1% | 0.6% | ||
| Q3 24 | 19.8% | 1.8% | ||
| Q2 24 | 17.4% | -0.8% | ||
| Q1 24 | 22.6% | 3.1% |
每股收益（稀释后）ADPKSS
| Q4 25 | $2.62 | $0.07 | ||
| Q3 25 | $2.49 | $1.35 | ||
| Q2 25 | $2.23 | $-0.13 | ||
| Q1 25 | $3.06 | $0.43 | ||
| Q4 24 | $2.35 | $0.20 | ||
| Q3 24 | $2.34 | $0.59 | ||
| Q2 24 | $2.01 | $-0.24 | ||
| Q1 24 | $2.88 | $1.67 |
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 | $144.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $3.9B |
| 总资产 | $84.6B | $14.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ADPKSS
| Q4 25 | $2.5B | $144.0M | ||
| Q3 25 | $7.9B | $174.0M | ||
| Q2 25 | $7.8B | $153.0M | ||
| Q1 25 | $2.7B | $134.0M | ||
| Q4 24 | $2.2B | $174.0M | ||
| Q3 24 | $7.3B | $231.0M | ||
| Q2 24 | $3.3B | $228.0M | ||
| Q1 24 | $3.3B | $183.0M |
股东权益ADPKSS
| Q4 25 | $6.4B | $3.9B | ||
| Q3 25 | $6.4B | $3.9B | ||
| Q2 25 | $6.2B | $3.8B | ||
| Q1 25 | $5.9B | $3.8B | ||
| Q4 24 | $5.1B | $3.8B | ||
| Q3 24 | $5.3B | $3.8B | ||
| Q2 24 | $4.5B | $3.8B | ||
| Q1 24 | $4.6B | $3.9B |
总资产ADPKSS
| Q4 25 | $84.6B | $14.1B | ||
| Q3 25 | $54.3B | $13.4B | ||
| Q2 25 | $53.4B | $13.6B | ||
| Q1 25 | $56.4B | $13.6B | ||
| Q4 24 | $64.1B | $15.1B | ||
| Q3 24 | $49.5B | $14.2B | ||
| Q2 24 | $54.4B | $14.3B | ||
| Q1 24 | $64.2B | $14.0B |
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 | $124.0M |
| 自由现金流经营现金流 - 资本支出 | — | $16.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 1.07× | 15.50× |
| 过去12个月自由现金流最近4个季度 | — | $819.0M |
8季度趋势，按日历期对齐
经营现金流ADPKSS
| Q4 25 | $1.1B | $124.0M | ||
| Q3 25 | $642.3M | $598.0M | ||
| Q2 25 | $1.4B | $-92.0M | ||
| Q1 25 | $1.5B | $596.0M | ||
| Q4 24 | $1.2B | $-195.0M | ||
| Q3 24 | $824.4M | $254.0M | ||
| Q2 24 | $1.3B | $-7.0M | ||
| Q1 24 | $1.5B | $789.0M |
自由现金流ADPKSS
| Q4 25 | — | $16.0M | ||
| Q3 25 | — | $508.0M | ||
| Q2 25 | — | $-202.0M | ||
| Q1 25 | — | $497.0M | ||
| Q4 24 | — | $-323.0M | ||
| Q3 24 | — | $141.0M | ||
| Q2 24 | — | $-133.0M | ||
| Q1 24 | — | $707.0M |
自由现金流率ADPKSS
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 14.3% | ||
| Q2 25 | — | -6.2% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | -3.9% | ||
| Q1 24 | — | 11.9% |
资本支出强度ADPKSS
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | 1.4% |
现金转化率ADPKSS
| Q4 25 | 1.07× | 15.50× | ||
| Q3 25 | 0.63× | 3.91× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | 12.42× | ||
| Q4 24 | 1.19× | -8.86× | ||
| Q3 24 | 0.86× | 3.85× | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | 4.24× |
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% |
KSS
| Products | $3.4B | 95% |
| Other | $168.0M | 5% |
| Gift Card | $17.0M | 0% |
