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Automatic Data Processing（ADP）与NRG Energy（NRG）财务数据对比。点击上方公司名可切换其他公司
NRG Energy的季度营收约是Automatic Data Processing的1.4倍（$7.7B vs $5.4B），Automatic Data Processing净利率更高（19.8% vs 0.9%，领先19.0%），NRG Energy同比增速更快（13.6% vs 6.2%），过去两年NRG Energy的营收复合增速更高（2.0% 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。
NRG Energy是总部位于美国得克萨斯州休斯敦的能源企业，前身为北方州电力公司（后发展为Xcel Energy）的批发业务板块，2000年独立运营。公司业务覆盖能源发电与电力零售，资产组合涵盖天然气、煤炭、石油、核能、风电、公用事业级发电及分布式太阳能发电等多个领域。
ADP vs NRG — 直观对比
营收规模更大
NRG
是对方的1.4倍
$5.4B
营收增速更快
NRG
高出7.5%
6.2%
净利率更高
ADP
高出19.0%
0.9%
两年增速更快
NRG
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $7.7B |
| 净利润 | $1.1B | $66.0M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 3.9% |
| 净利率 | 19.8% | 0.9% |
| 营收同比 | 6.2% | 13.6% |
| 净利润同比 | 10.3% | -89.7% |
| 每股收益（稀释后） | $2.62 | $0.33 |
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ADPNRG
| Q4 25 | $5.4B | $7.7B | ||
| Q3 25 | $5.2B | $7.5B | ||
| Q2 25 | $5.1B | $6.7B | ||
| Q1 25 | $5.6B | $8.5B | ||
| Q4 24 | $5.0B | $6.8B | ||
| Q3 24 | $4.8B | $7.1B | ||
| Q2 24 | $4.8B | $6.5B | ||
| Q1 24 | $5.3B | $7.4B |
净利润ADPNRG
| Q4 25 | $1.1B | $66.0M | ||
| Q3 25 | $1.0B | $152.0M | ||
| Q2 25 | $910.7M | $-104.0M | ||
| Q1 25 | $1.2B | $750.0M | ||
| Q4 24 | $963.2M | $643.0M | ||
| Q3 24 | $956.3M | $-767.0M | ||
| Q2 24 | $829.3M | $738.0M | ||
| Q1 24 | $1.2B | $511.0M |
毛利率ADPNRG
| 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ADPNRG
| Q4 25 | 25.8% | 3.9% | ||
| Q3 25 | 25.3% | 5.5% | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 29.2% | 13.4% | ||
| Q4 24 | 25.0% | 14.1% | ||
| Q3 24 | 25.6% | -11.4% | ||
| Q2 24 | 22.8% | 21.8% | ||
| Q1 24 | 29.4% | 11.8% |
净利率ADPNRG
| Q4 25 | 19.8% | 0.9% | ||
| Q3 25 | 19.6% | 2.0% | ||
| Q2 25 | 17.8% | -1.6% | ||
| Q1 25 | 22.5% | 8.8% | ||
| Q4 24 | 19.1% | 9.5% | ||
| Q3 24 | 19.8% | -10.8% | ||
| Q2 24 | 17.4% | 11.4% | ||
| Q1 24 | 22.6% | 6.9% |
每股收益（稀释后）ADPNRG
| Q4 25 | $2.62 | $0.33 | ||
| Q3 25 | $2.49 | $0.69 | ||
| Q2 25 | $2.23 | $-0.62 | ||
| Q1 25 | $3.06 | $3.61 | ||
| Q4 24 | $2.35 | $3.10 | ||
| Q3 24 | $2.34 | $-3.79 | ||
| Q2 24 | $2.01 | $3.37 | ||
| Q1 24 | $2.88 | $2.31 |
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 | $4.7B |
| 总债务越低越好 | — | $16.4B |
| 股东权益账面价值 | $6.4B | $1.7B |
| 总资产 | $84.6B | $29.1B |
| 负债/权益比越低杠杆越低 | — | 9.76× |
8季度趋势，按日历期对齐
现金及短期投资ADPNRG
| Q4 25 | $2.5B | $4.7B | ||
| Q3 25 | $7.9B | $732.0M | ||
| Q2 25 | $7.8B | $180.0M | ||
| Q1 25 | $2.7B | $693.0M | ||
| Q4 24 | $2.2B | $966.0M | ||
| Q3 24 | $7.3B | $1.1B | ||
| Q2 24 | $3.3B | $376.0M | ||
| Q1 24 | $3.3B | $278.0M |
总债务ADPNRG
| Q4 25 | — | $16.4B | ||
| Q3 25 | — | $11.2B | ||
| Q2 25 | — | $9.8B | ||
| Q1 25 | — | $9.8B | ||
| Q4 24 | — | $9.8B | ||
| Q3 24 | — | $10.4B | ||
| Q2 24 | — | $10.4B | ||
| Q1 24 | — | $9.6B |
股东权益ADPNRG
| Q4 25 | $6.4B | $1.7B | ||
| Q3 25 | $6.4B | $2.0B | ||
| Q2 25 | $6.2B | $2.3B | ||
| Q1 25 | $5.9B | $2.8B | ||
| Q4 24 | $5.1B | $2.5B | ||
| Q3 24 | $5.3B | $2.5B | ||
| Q2 24 | $4.5B | $3.6B | ||
| Q1 24 | $4.6B | $3.3B |
总资产ADPNRG
| Q4 25 | $84.6B | $29.1B | ||
| Q3 25 | $54.3B | $24.0B | ||
| Q2 25 | $53.4B | $24.1B | ||
| Q1 25 | $56.4B | $25.0B | ||
| Q4 24 | $64.1B | $24.0B | ||
| Q3 24 | $49.5B | $23.7B | ||
| Q2 24 | $54.4B | $25.8B | ||
| Q1 24 | $64.2B | $25.4B |
负债/权益比ADPNRG
| Q4 25 | — | 9.76× | ||
| Q3 25 | — | 5.66× | ||
| Q2 25 | — | 4.29× | ||
| Q1 25 | — | 3.53× | ||
| Q4 24 | — | 3.96× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.90× |
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 | $123.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-175.0M |
| 自由现金流率自由现金流/营收 | — | -2.3% |
| 资本支出强度资本支出/营收 | — | 3.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.86× |
| 过去12个月自由现金流最近4个季度 | — | $766.0M |
8季度趋势，按日历期对齐
经营现金流ADPNRG
| Q4 25 | $1.1B | $123.0M | ||
| Q3 25 | $642.3M | $484.0M | ||
| Q2 25 | $1.4B | $451.0M | ||
| Q1 25 | $1.5B | $855.0M | ||
| Q4 24 | $1.2B | $952.0M | ||
| Q3 24 | $824.4M | $31.0M | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.5B | $267.0M |
自由现金流ADPNRG
| Q4 25 | — | $-175.0M | ||
| Q3 25 | — | $230.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $638.0M | ||
| Q4 24 | — | $766.0M | ||
| Q3 24 | — | $-83.0M | ||
| Q2 24 | — | $953.0M | ||
| Q1 24 | — | $198.0M |
自由现金流率ADPNRG
| Q4 25 | — | -2.3% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 7.5% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | -1.2% | ||
| Q2 24 | — | 14.7% | ||
| Q1 24 | — | 2.7% |
资本支出强度ADPNRG
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 0.9% |
现金转化率ADPNRG
| Q4 25 | 1.07× | 1.86× | ||
| Q3 25 | 0.63× | 3.18× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | 1.14× | ||
| Q4 24 | 1.19× | 1.48× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 1.43× | ||
| Q1 24 | 1.26× | 0.52× |
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% |
NRG
暂无分部数据
