vs
Automatic Data Processing（ADP）与NN INC（NNBR）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NN INC的51.2倍（$5.4B vs $104.7M）。Automatic Data Processing净利率更高（19.8% vs -12.0%，领先31.8%）。Automatic Data Processing同比增速更快（6.2% vs -1.7%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -7.0%）
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。
NN集团是NN投资伙伴与荷兰国家保险的母公司，旗下荷兰国家保险是荷兰规模最大的保险与资产管理机构之一。集团总部设于荷兰海牙，鹿特丹办事处坐落于代尔夫特门大厦，该大厦2009年之前一直是荷兰最高摩天楼，除此之外集团在荷兰埃德也设有办事处。
ADP vs NNBR — 直观对比
营收规模更大
ADP
是对方的51.2倍
$104.7M
营收增速更快
ADP
高出7.8%
-1.7%
净利率更高
ADP
高出31.8%
-12.0%
两年增速更快
ADP
近两年复合增速
-7.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $104.7M |
| 净利润 | $1.1B | $-12.5M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | -9.9% |
| 净利率 | 19.8% | -12.0% |
| 营收同比 | 6.2% | -1.7% |
| 净利润同比 | 10.3% | 40.2% |
| 每股收益（稀释后） | $2.62 | $-0.35 |
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ADPNNBR
| Q4 25 | $5.4B | $104.7M | ||
| Q3 25 | $5.2B | $103.9M | ||
| Q2 25 | $5.1B | $107.9M | ||
| Q1 25 | $5.6B | $105.7M | ||
| Q4 24 | $5.0B | $106.5M | ||
| Q3 24 | $4.8B | $113.6M | ||
| Q2 24 | $4.8B | $123.0M | ||
| Q1 24 | $5.3B | $121.2M |
净利润ADPNNBR
| Q4 25 | $1.1B | $-12.5M | ||
| Q3 25 | $1.0B | $-6.7M | ||
| Q2 25 | $910.7M | $-8.1M | ||
| Q1 25 | $1.2B | $-6.7M | ||
| Q4 24 | $963.2M | $-21.0M | ||
| Q3 24 | $956.3M | $-2.6M | ||
| Q2 24 | $829.3M | $-2.2M | ||
| Q1 24 | $1.2B | $-12.5M |
毛利率ADPNNBR
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 44.8% | — | ||
| Q1 24 | 47.3% | — |
营业利润率ADPNNBR
| Q4 25 | 25.8% | -9.9% | ||
| Q3 25 | 25.3% | -2.2% | ||
| Q2 25 | 23.2% | -1.4% | ||
| Q1 25 | 29.2% | -4.5% | ||
| Q4 24 | 25.0% | -15.8% | ||
| Q3 24 | 25.6% | -3.3% | ||
| Q2 24 | 22.8% | -1.7% | ||
| Q1 24 | 29.4% | -3.9% |
净利率ADPNNBR
| Q4 25 | 19.8% | -12.0% | ||
| Q3 25 | 19.6% | -6.4% | ||
| Q2 25 | 17.8% | -7.5% | ||
| Q1 25 | 22.5% | -6.3% | ||
| Q4 24 | 19.1% | -19.7% | ||
| Q3 24 | 19.8% | -2.3% | ||
| Q2 24 | 17.4% | -1.8% | ||
| Q1 24 | 22.6% | -10.3% |
每股收益（稀释后）ADPNNBR
| Q4 25 | $2.62 | $-0.35 | ||
| Q3 25 | $2.49 | $-0.23 | ||
| Q2 25 | $2.23 | $-0.26 | ||
| Q1 25 | $3.06 | $-0.23 | ||
| Q4 24 | $2.35 | $-0.52 | ||
| Q3 24 | $2.34 | $-0.13 | ||
| Q2 24 | $2.01 | $-0.12 | ||
| Q1 24 | $2.88 | $-0.34 |
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 | $11.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $34.0M |
| 总资产 | $84.6B | $440.8M |
| 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ADPNNBR
| Q4 25 | $2.5B | $11.4M | ||
| Q3 25 | $7.9B | $12.2M | ||
| Q2 25 | $7.8B | $9.5M | ||
| Q1 25 | $2.7B | $11.7M | ||
| Q4 24 | $2.2B | $18.1M | ||
| Q3 24 | $7.3B | $12.4M | ||
| Q2 24 | $3.3B | $13.7M | ||
| Q1 24 | $3.3B | $20.6M |
股东权益ADPNNBR
| Q4 25 | $6.4B | $34.0M | ||
| Q3 25 | $6.4B | $49.6M | ||
| Q2 25 | $6.2B | $59.5M | ||
| Q1 25 | $5.9B | $67.3M | ||
| Q4 24 | $5.1B | $74.5M | ||
| Q3 24 | $5.3B | $106.6M | ||
| Q2 24 | $4.5B | $108.4M | ||
| Q1 24 | $4.6B | $116.1M |
总资产ADPNNBR
| Q4 25 | $84.6B | $440.8M | ||
| Q3 25 | $54.3B | $451.0M | ||
| Q2 25 | $53.4B | $460.8M | ||
| Q1 25 | $56.4B | $460.7M | ||
| Q4 24 | $64.1B | $456.9M | ||
| Q3 24 | $49.5B | $483.1M | ||
| Q2 24 | $54.4B | $497.2M | ||
| Q1 24 | $64.2B | $512.8M |
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 | $-1.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.3M |
| 自由现金流率自由现金流/营收 | — | -3.2% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 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 | — | $-7.2M |
8季度趋势，按日历期对齐
经营现金流ADPNNBR
| Q4 25 | $1.1B | $-1.5M | ||
| Q3 25 | $642.3M | $11.2M | ||
| Q2 25 | $1.4B | $-696.0K | ||
| Q1 25 | $1.5B | $-3.3M | ||
| Q4 24 | $1.2B | $6.7M | ||
| Q3 24 | $824.4M | $5.0M | ||
| Q2 24 | $1.3B | $-1.3M | ||
| Q1 24 | $1.5B | $712.0K |
自由现金流ADPNNBR
| Q4 25 | — | $-3.3M | ||
| Q3 25 | — | $7.7M | ||
| Q2 25 | — | $-4.4M | ||
| Q1 25 | — | $-7.3M | ||
| Q4 24 | — | $3.7M | ||
| Q3 24 | — | $-1.3M | ||
| Q2 24 | — | $-4.9M | ||
| Q1 24 | — | $-4.7M |
自由现金流率ADPNNBR
| Q4 25 | — | -3.2% | ||
| Q3 25 | — | 7.4% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | -1.2% | ||
| Q2 24 | — | -4.0% | ||
| Q1 24 | — | -3.9% |
资本支出强度ADPNNBR
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 4.5% |
现金转化率ADPNNBR
| 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% |
NNBR
| Automotive | $53.1M | 51% |
| Power Solutions | $45.5M | 43% |
| Other End Market | $4.7M | 4% |
