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Automatic Data Processing（ADP）与MATERION Corp（MTRN）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MATERION Corp的10.9倍（$5.4B vs $489.8M）。Automatic Data Processing净利率更高（19.8% vs 1.3%，领先18.5%）。MATERION Corp同比增速更快（12.1% vs 6.2%）。过去两年MATERION Corp的营收复合增速更高（12.7% 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。
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
ADP vs MTRN — 直观对比
营收规模更大
ADP
是对方的10.9倍
$489.8M
营收增速更快
MTRN
高出5.9%
6.2%
净利率更高
ADP
高出18.5%
1.3%
两年增速更快
MTRN
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $489.8M |
| 净利润 | $1.1B | $6.6M |
| 毛利率 | 46.1% | 13.0% |
| 营业利润率 | 25.8% | 2.2% |
| 净利率 | 19.8% | 1.3% |
| 营收同比 | 6.2% | 12.1% |
| 净利润同比 | 10.3% | 113.5% |
| 每股收益（稀释后） | $2.62 | $0.30 |
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ADPMTRN
| Q4 25 | $5.4B | $489.8M | ||
| Q3 25 | $5.2B | $444.8M | ||
| Q2 25 | $5.1B | $431.7M | ||
| Q1 25 | $5.6B | $420.3M | ||
| Q4 24 | $5.0B | $436.9M | ||
| Q3 24 | $4.8B | $436.7M | ||
| Q2 24 | $4.8B | $425.9M | ||
| Q1 24 | $5.3B | $385.3M |
净利润ADPMTRN
| Q4 25 | $1.1B | $6.6M | ||
| Q3 25 | $1.0B | $25.4M | ||
| Q2 25 | $910.7M | $25.1M | ||
| Q1 25 | $1.2B | $17.7M | ||
| Q4 24 | $963.2M | $-48.9M | ||
| Q3 24 | $956.3M | $22.3M | ||
| Q2 24 | $829.3M | $19.0M | ||
| Q1 24 | $1.2B | $13.4M |
毛利率ADPMTRN
| Q4 25 | 46.1% | 13.0% | ||
| Q3 25 | 45.2% | 19.4% | ||
| Q2 25 | 45.1% | 19.1% | ||
| Q1 25 | 47.7% | 18.1% | ||
| Q4 24 | 45.7% | 21.3% | ||
| Q3 24 | 45.5% | 18.5% | ||
| Q2 24 | 44.8% | 19.0% | ||
| Q1 24 | 47.3% | 18.5% |
营业利润率ADPMTRN
| Q4 25 | 25.8% | 2.2% | ||
| Q3 25 | 25.3% | 7.9% | ||
| Q2 25 | 23.2% | 8.5% | ||
| Q1 25 | 29.2% | 6.5% | ||
| Q4 24 | 25.0% | -8.8% | ||
| Q3 24 | 25.6% | 7.2% | ||
| Q2 24 | 22.8% | 7.5% | ||
| Q1 24 | 29.4% | 5.8% |
净利率ADPMTRN
| Q4 25 | 19.8% | 1.3% | ||
| Q3 25 | 19.6% | 5.7% | ||
| Q2 25 | 17.8% | 5.8% | ||
| Q1 25 | 22.5% | 4.2% | ||
| Q4 24 | 19.1% | -11.2% | ||
| Q3 24 | 19.8% | 5.1% | ||
| Q2 24 | 17.4% | 4.5% | ||
| Q1 24 | 22.6% | 3.5% |
每股收益（稀释后）ADPMTRN
| Q4 25 | $2.62 | $0.30 | ||
| Q3 25 | $2.49 | $1.22 | ||
| Q2 25 | $2.23 | $1.21 | ||
| Q1 25 | $3.06 | $0.85 | ||
| Q4 24 | $2.35 | $-2.34 | ||
| Q3 24 | $2.34 | $1.07 | ||
| Q2 24 | $2.01 | $0.91 | ||
| Q1 24 | $2.88 | $0.64 |
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 | $13.7M |
| 总债务越低越好 | — | $460.6M |
| 股东权益账面价值 | $6.4B | $943.3M |
| 总资产 | $84.6B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资ADPMTRN
| Q4 25 | $2.5B | $13.7M | ||
| Q3 25 | $7.9B | $16.4M | ||
| Q2 25 | $7.8B | $12.6M | ||
| Q1 25 | $2.7B | $15.6M | ||
| Q4 24 | $2.2B | $16.7M | ||
| Q3 24 | $7.3B | $17.9M | ||
| Q2 24 | $3.3B | $17.1M | ||
| Q1 24 | $3.3B | $13.1M |
总债务ADPMTRN
| Q4 25 | — | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | — | $427.6M | ||
| Q1 25 | — | $453.0M | ||
| Q4 24 | — | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $477.9M |
股东权益ADPMTRN
| Q4 25 | $6.4B | $943.3M | ||
| Q3 25 | $6.4B | $934.6M | ||
| Q2 25 | $6.2B | $910.6M | ||
| Q1 25 | $5.9B | $887.9M | ||
| Q4 24 | $5.1B | $868.9M | ||
| Q3 24 | $5.3B | $931.9M | ||
| Q2 24 | $4.5B | $907.1M | ||
| Q1 24 | $4.6B | $889.9M |
总资产ADPMTRN
| Q4 25 | $84.6B | $1.8B | ||
| Q3 25 | $54.3B | $1.8B | ||
| Q2 25 | $53.4B | $1.7B | ||
| Q1 25 | $56.4B | $1.8B | ||
| Q4 24 | $64.1B | $1.7B | ||
| Q3 24 | $49.5B | $1.9B | ||
| Q2 24 | $54.4B | $1.8B | ||
| Q1 24 | $64.2B | $1.8B |
负债/权益比ADPMTRN
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.54× |
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 | $19.5M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.07× | 2.97× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ADPMTRN
| Q4 25 | $1.1B | $19.5M | ||
| Q3 25 | $642.3M | $18.3M | ||
| Q2 25 | $1.4B | $49.9M | ||
| Q1 25 | $1.5B | $15.5M | ||
| Q4 24 | $1.2B | $76.3M | ||
| Q3 24 | $824.4M | $5.1M | ||
| Q2 24 | $1.3B | $20.3M | ||
| Q1 24 | $1.5B | $-13.8M |
自由现金流ADPMTRN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-24.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-35.1M |
自由现金流率ADPMTRN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -9.1% |
资本支出强度ADPMTRN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.5% |
现金转化率ADPMTRN
| Q4 25 | 1.07× | 2.97× | ||
| Q3 25 | 0.63× | 0.72× | ||
| Q2 25 | 1.58× | 1.99× | ||
| Q1 25 | 1.22× | 0.88× | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | 0.23× | ||
| Q2 24 | 1.57× | 1.07× | ||
| Q1 24 | 1.26× | -1.03× |
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% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
