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Automatic Data Processing（ADP）与LiveWire Group, Inc.（LVWR）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LiveWire Group, Inc.的472.0倍（$5.4B vs $11.4M）。Automatic Data Processing净利率更高（19.8% vs -155.2%，领先175.0%）。Automatic Data Processing同比增速更快（6.2% vs 5.5%）。过去两年LiveWire Group, Inc.的营收复合增速更高（51.0% 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。
LiveWire集团是美国的电动摩托车制造商，该品牌最初于2021年7月作为哈雷戴维森旗下专属电动出行部门推出，2022年9月27日通过与特殊目的收购公司合并完成分拆，从母公司独立后上市，是美国第一家上市的电动摩托车企业。
ADP vs LVWR — 直观对比
营收规模更大
ADP
是对方的472.0倍
$11.4M
营收增速更快
ADP
高出0.6%
5.5%
净利率更高
ADP
高出175.0%
-155.2%
两年增速更快
LVWR
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $11.4M |
| 净利润 | $1.1B | $-17.6M |
| 毛利率 | 46.1% | 0.8% |
| 营业利润率 | 25.8% | -156.2% |
| 净利率 | 19.8% | -155.2% |
| 营收同比 | 6.2% | 5.5% |
| 净利润同比 | 10.3% | 22.6% |
| 每股收益（稀释后） | $2.62 | $-0.09 |
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ADPLVWR
| Q4 25 | $5.4B | $11.4M | ||
| Q3 25 | $5.2B | $5.7M | ||
| Q2 25 | $5.1B | $5.9M | ||
| Q1 25 | $5.6B | $2.7M | ||
| Q4 24 | $5.0B | $10.8M | ||
| Q3 24 | $4.8B | $4.4M | ||
| Q2 24 | $4.8B | $6.4M | ||
| Q1 24 | $5.3B | $5.0M |
净利润ADPLVWR
| Q4 25 | $1.1B | $-17.6M | ||
| Q3 25 | $1.0B | $-19.4M | ||
| Q2 25 | $910.7M | $-18.8M | ||
| Q1 25 | $1.2B | $-19.3M | ||
| Q4 24 | $963.2M | $-22.8M | ||
| Q3 24 | $956.3M | $-22.7M | ||
| Q2 24 | $829.3M | $-24.8M | ||
| Q1 24 | $1.2B | $-23.6M |
毛利率ADPLVWR
| Q4 25 | 46.1% | 0.8% | ||
| Q3 25 | 45.2% | -50.9% | ||
| Q2 25 | 45.1% | 9.3% | ||
| Q1 25 | 47.7% | -79.0% | ||
| Q4 24 | 45.7% | -49.8% | ||
| Q3 24 | 45.5% | -34.2% | ||
| Q2 24 | 44.8% | -27.6% | ||
| Q1 24 | 47.3% | -82.9% |
营业利润率ADPLVWR
| Q4 25 | 25.8% | -156.2% | ||
| Q3 25 | 25.3% | -330.0% | ||
| Q2 25 | 23.2% | -311.0% | ||
| Q1 25 | 29.2% | -753.4% | ||
| Q4 24 | 25.0% | -234.6% | ||
| Q3 24 | 25.6% | -596.7% | ||
| Q2 24 | 22.8% | -436.7% | ||
| Q1 24 | 29.4% | -611.1% |
净利率ADPLVWR
| Q4 25 | 19.8% | -155.2% | ||
| Q3 25 | 19.6% | -340.2% | ||
| Q2 25 | 17.8% | -320.6% | ||
| Q1 25 | 22.5% | -702.6% | ||
| Q4 24 | 19.1% | -211.7% | ||
| Q3 24 | 19.8% | -510.6% | ||
| Q2 24 | 17.4% | -384.6% | ||
| Q1 24 | 22.6% | -475.0% |
每股收益（稀释后）ADPLVWR
| Q4 25 | $2.62 | $-0.09 | ||
| Q3 25 | $2.49 | $-0.10 | ||
| Q2 25 | $2.23 | $-0.09 | ||
| Q1 25 | $3.06 | $-0.09 | ||
| Q4 24 | $2.35 | $-0.11 | ||
| Q3 24 | $2.34 | $-0.11 | ||
| Q2 24 | $2.01 | $-0.12 | ||
| Q1 24 | $2.88 | $-0.12 |
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 | $82.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $46.0M |
| 总资产 | $84.6B | $146.4M |
| 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ADPLVWR
| Q4 25 | $2.5B | $82.8M | ||
| Q3 25 | $7.9B | $16.3M | ||
| Q2 25 | $7.8B | $29.3M | ||
| Q1 25 | $2.7B | $46.2M | ||
| Q4 24 | $2.2B | $64.4M | ||
| Q3 24 | $7.3B | $88.4M | ||
| Q2 24 | $3.3B | $113.0M | ||
| Q1 24 | $3.3B | $141.0M |
股东权益ADPLVWR
| Q4 25 | $6.4B | $46.0M | ||
| Q3 25 | $6.4B | $61.8M | ||
| Q2 25 | $6.2B | $79.7M | ||
| Q1 25 | $5.9B | $97.2M | ||
| Q4 24 | $5.1B | $115.1M | ||
| Q3 24 | $5.3B | $137.7M | ||
| Q2 24 | $4.5B | $159.0M | ||
| Q1 24 | $4.6B | $183.8M |
总资产ADPLVWR
| Q4 25 | $84.6B | $146.4M | ||
| Q3 25 | $54.3B | $89.2M | ||
| Q2 25 | $53.4B | $109.8M | ||
| Q1 25 | $56.4B | $128.3M | ||
| Q4 24 | $64.1B | $148.0M | ||
| Q3 24 | $49.5B | $178.3M | ||
| Q2 24 | $54.4B | $204.9M | ||
| Q1 24 | $64.2B | $237.1M |
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 | $-7.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-8.9M |
| 自由现金流率自由现金流/营收 | — | -78.7% |
| 资本支出强度资本支出/营收 | — | 9.1% |
| 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 | — | $-57.4M |
8季度趋势，按日历期对齐
经营现金流ADPLVWR
| Q4 25 | $1.1B | $-7.9M | ||
| Q3 25 | $642.3M | $-13.3M | ||
| Q2 25 | $1.4B | $-14.9M | ||
| Q1 25 | $1.5B | $-17.5M | ||
| Q4 24 | $1.2B | $-21.9M | ||
| Q3 24 | $824.4M | $-23.1M | ||
| Q2 24 | $1.3B | $-26.0M | ||
| Q1 24 | $1.5B | $-22.9M |
自由现金流ADPLVWR
| Q4 25 | — | $-8.9M | ||
| Q3 25 | — | $-14.0M | ||
| Q2 25 | — | $-16.3M | ||
| Q1 25 | — | $-18.1M | ||
| Q4 24 | — | $-23.3M | ||
| Q3 24 | — | $-24.7M | ||
| Q2 24 | — | $-27.8M | ||
| Q1 24 | — | $-26.2M |
自由现金流率ADPLVWR
| Q4 25 | — | -78.7% | ||
| Q3 25 | — | -245.9% | ||
| Q2 25 | — | -277.7% | ||
| Q1 25 | — | -660.0% | ||
| Q4 24 | — | -216.3% | ||
| Q3 24 | — | -555.3% | ||
| Q2 24 | — | -431.1% | ||
| Q1 24 | — | -525.6% |
资本支出强度ADPLVWR
| Q4 25 | — | 9.1% | ||
| Q3 25 | — | 12.9% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | — | 65.1% |
现金转化率ADPLVWR
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | — | ||
| 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% |
LVWR
暂无分部数据
