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Automatic Data Processing（ADP）与Mayville Engineering Company, Inc.（MEC）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Mayville Engineering Company, Inc.的39.9倍（$5.4B vs $134.3M）。Automatic Data Processing净利率更高（19.8% vs -3.2%，领先23.1%）。Mayville Engineering Company, Inc.同比增速更快（10.7% vs 6.2%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -8.8%）
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。
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
ADP vs MEC — 直观对比
营收规模更大
ADP
是对方的39.9倍
$134.3M
营收增速更快
MEC
高出4.5%
6.2%
净利率更高
ADP
高出23.1%
-3.2%
两年增速更快
ADP
近两年复合增速
-8.8%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $134.3M |
| 净利润 | $1.1B | $-4.4M |
| 毛利率 | 46.1% | 6.8% |
| 营业利润率 | 25.8% | -4.1% |
| 净利率 | 19.8% | -3.2% |
| 营收同比 | 6.2% | 10.7% |
| 净利润同比 | 10.3% | -127.3% |
| 每股收益（稀释后） | $2.62 | $-0.22 |
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ADPMEC
| Q4 25 | $5.4B | $134.3M | ||
| Q3 25 | $5.2B | $144.3M | ||
| Q2 25 | $5.1B | $132.3M | ||
| Q1 25 | $5.6B | $135.6M | ||
| Q4 24 | $5.0B | $121.3M | ||
| Q3 24 | $4.8B | $135.4M | ||
| Q2 24 | $4.8B | $163.6M | ||
| Q1 24 | $5.3B | $161.3M |
净利润ADPMEC
| Q4 25 | $1.1B | $-4.4M | ||
| Q3 25 | $1.0B | $-2.7M | ||
| Q2 25 | $910.7M | $-1.1M | ||
| Q1 25 | $1.2B | $20.0K | ||
| Q4 24 | $963.2M | $16.0M | ||
| Q3 24 | $956.3M | $3.0M | ||
| Q2 24 | $829.3M | $3.8M | ||
| Q1 24 | $1.2B | $3.2M |
毛利率ADPMEC
| Q4 25 | 46.1% | 6.8% | ||
| Q3 25 | 45.2% | 11.0% | ||
| Q2 25 | 45.1% | 10.3% | ||
| Q1 25 | 47.7% | 11.3% | ||
| Q4 24 | 45.7% | 8.9% | ||
| Q3 24 | 45.5% | 12.6% | ||
| Q2 24 | 44.8% | 13.6% | ||
| Q1 24 | 47.3% | 13.0% |
营业利润率ADPMEC
| Q4 25 | 25.8% | -4.1% | ||
| Q3 25 | 25.3% | 0.0% | ||
| Q2 25 | 23.2% | 0.1% | ||
| Q1 25 | 29.2% | 1.2% | ||
| Q4 24 | 25.0% | 19.0% | ||
| Q3 24 | 25.6% | 4.2% | ||
| Q2 24 | 22.8% | 5.0% | ||
| Q1 24 | 29.4% | 4.7% |
净利率ADPMEC
| Q4 25 | 19.8% | -3.2% | ||
| Q3 25 | 19.6% | -1.9% | ||
| Q2 25 | 17.8% | -0.8% | ||
| Q1 25 | 22.5% | 0.0% | ||
| Q4 24 | 19.1% | 13.2% | ||
| Q3 24 | 19.8% | 2.2% | ||
| Q2 24 | 17.4% | 2.3% | ||
| Q1 24 | 22.6% | 2.0% |
每股收益（稀释后）ADPMEC
| Q4 25 | $2.62 | $-0.22 | ||
| Q3 25 | $2.49 | $-0.13 | ||
| Q2 25 | $2.23 | $-0.05 | ||
| Q1 25 | $3.06 | $0.00 | ||
| Q4 24 | $2.35 | $0.76 | ||
| Q3 24 | $2.34 | $0.14 | ||
| Q2 24 | $2.01 | $0.18 | ||
| Q1 24 | $2.88 | $0.16 |
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 | $1.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $240.7M |
| 总资产 | $84.6B | $563.6M |
| 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ADPMEC
| Q4 25 | $2.5B | $1.5M | ||
| Q3 25 | $7.9B | $1.2M | ||
| Q2 25 | $7.8B | $206.0K | ||
| Q1 25 | $2.7B | $183.0K | ||
| Q4 24 | $2.2B | $206.0K | ||
| Q3 24 | $7.3B | $178.0K | ||
| Q2 24 | $3.3B | $314.0K | ||
| Q1 24 | $3.3B | $314.0K |
股东权益ADPMEC
| Q4 25 | $6.4B | $240.7M | ||
| Q3 25 | $6.4B | $244.8M | ||
| Q2 25 | $6.2B | $246.8M | ||
| Q1 25 | $5.9B | $250.0M | ||
| Q4 24 | $5.1B | $251.8M | ||
| Q3 24 | $5.3B | $238.4M | ||
| Q2 24 | $4.5B | $238.1M | ||
| Q1 24 | $4.6B | $234.0M |
总资产ADPMEC
| Q4 25 | $84.6B | $563.6M | ||
| Q3 25 | $54.3B | $585.6M | ||
| Q2 25 | $53.4B | $433.7M | ||
| Q1 25 | $56.4B | $447.7M | ||
| Q4 24 | $64.1B | $445.6M | ||
| Q3 24 | $49.5B | $466.0M | ||
| Q2 24 | $54.4B | $488.2M | ||
| Q1 24 | $64.2B | $499.9M |
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 | $13.4M |
| 自由现金流经营现金流 - 资本支出 | — | $10.2M |
| 自由现金流率自由现金流/营收 | — | 7.6% |
| 资本支出强度资本支出/营收 | — | 2.4% |
| 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 | — | $26.9M |
8季度趋势，按日历期对齐
经营现金流ADPMEC
| Q4 25 | $1.1B | $13.4M | ||
| Q3 25 | $642.3M | $1.9M | ||
| Q2 25 | $1.4B | $15.0M | ||
| Q1 25 | $1.5B | $8.3M | ||
| Q4 24 | $1.2B | $38.0M | ||
| Q3 24 | $824.4M | $17.9M | ||
| Q2 24 | $1.3B | $23.3M | ||
| Q1 24 | $1.5B | $10.6M |
自由现金流ADPMEC
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
自由现金流率ADPMEC
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
资本支出强度ADPMEC
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 1.7% |
现金转化率ADPMEC
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | 416.65× | ||
| Q4 24 | 1.19× | 2.38× | ||
| Q3 24 | 0.86× | 6.03× | ||
| Q2 24 | 1.57× | 6.15× | ||
| Q1 24 | 1.26× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
