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Automatic Data Processing（ADP）与PAR TECHNOLOGY CORP（PAR）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PAR TECHNOLOGY CORP的44.6倍（$5.4B vs $120.1M）。PAR TECHNOLOGY CORP同比增速更快（14.4% vs 6.2%）。过去两年PAR TECHNOLOGY CORP的营收复合增速更高（30.9% 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。
PAR科技公司是全球领先的销售点系统、餐饮酒店管理软件及集成技术解决方案提供商，核心业务覆盖餐饮服务、酒店文旅及政府安防领域，为各类规模客户提供云端工具以简化运营、提升消费体验与经营效率。
ADP vs PAR — 直观对比
营收规模更大
ADP
是对方的44.6倍
$120.1M
营收增速更快
PAR
高出8.2%
6.2%
两年增速更快
PAR
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $120.1M |
| 净利润 | $1.1B | — |
| 毛利率 | 46.1% | 41.2% |
| 营业利润率 | 25.8% | -15.0% |
| 净利率 | 19.8% | — |
| 营收同比 | 6.2% | 14.4% |
| 净利润同比 | 10.3% | — |
| 每股收益（稀释后） | $2.62 | $-0.52 |
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ADPPAR
| Q4 25 | $5.4B | $120.1M | ||
| Q3 25 | $5.2B | $119.2M | ||
| Q2 25 | $5.1B | $112.4M | ||
| Q1 25 | $5.6B | $103.9M | ||
| Q4 24 | $5.0B | $105.0M | ||
| Q3 24 | $4.8B | $96.8M | ||
| Q2 24 | $4.8B | $78.2M | ||
| Q1 24 | $5.3B | $70.1M |
净利润ADPPAR
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | $-18.2M | ||
| Q2 25 | $910.7M | $-21.0M | ||
| Q1 25 | $1.2B | $-24.4M | ||
| Q4 24 | $963.2M | — | ||
| Q3 24 | $956.3M | $-19.8M | ||
| Q2 24 | $829.3M | $54.2M | ||
| Q1 24 | $1.2B | $-18.3M |
毛利率ADPPAR
| Q4 25 | 46.1% | 41.2% | ||
| Q3 25 | 45.2% | 41.3% | ||
| Q2 25 | 45.1% | 45.4% | ||
| Q1 25 | 47.7% | 46.5% | ||
| Q4 24 | 45.7% | 42.9% | ||
| Q3 24 | 45.5% | 44.5% | ||
| Q2 24 | 44.8% | 41.0% | ||
| Q1 24 | 47.3% | 37.2% |
营业利润率ADPPAR
| Q4 25 | 25.8% | -15.0% | ||
| Q3 25 | 25.3% | -14.8% | ||
| Q2 25 | 23.2% | -15.4% | ||
| Q1 25 | 29.2% | -15.2% | ||
| Q4 24 | 25.0% | -15.6% | ||
| Q3 24 | 25.6% | -15.7% | ||
| Q2 24 | 22.8% | -26.5% | ||
| Q1 24 | 29.4% | -38.2% |
净利率ADPPAR
| Q4 25 | 19.8% | — | ||
| Q3 25 | 19.6% | -15.3% | ||
| Q2 25 | 17.8% | -18.7% | ||
| Q1 25 | 22.5% | -23.4% | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 19.8% | -20.5% | ||
| Q2 24 | 17.4% | 69.3% | ||
| Q1 24 | 22.6% | -26.1% |
每股收益（稀释后）ADPPAR
| Q4 25 | $2.62 | $-0.52 | ||
| Q3 25 | $2.49 | $-0.45 | ||
| Q2 25 | $2.23 | $-0.52 | ||
| Q1 25 | $3.06 | $-0.60 | ||
| Q4 24 | $2.35 | $-0.56 | ||
| Q3 24 | $2.34 | $-0.56 | ||
| Q2 24 | $2.01 | $1.60 | ||
| Q1 24 | $2.88 | $-0.62 |
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 | $80.1M |
| 总债务越低越好 | — | $394.0M |
| 股东权益账面价值 | $6.4B | $825.1M |
| 总资产 | $84.6B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资ADPPAR
| Q4 25 | $2.5B | $80.1M | ||
| Q3 25 | $7.9B | $93.0M | ||
| Q2 25 | $7.8B | $85.7M | ||
| Q1 25 | $2.7B | $92.2M | ||
| Q4 24 | $2.2B | $108.6M | ||
| Q3 24 | $7.3B | $118.4M | ||
| Q2 24 | $3.3B | $142.5M | ||
| Q1 24 | $3.3B | $72.5M |
总债务ADPPAR
| Q4 25 | — | $394.0M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $392.8M | ||
| Q1 25 | — | $392.3M | ||
| Q4 24 | — | $368.4M | ||
| Q3 24 | — | $466.7M | ||
| Q2 24 | — | $378.7M | ||
| Q1 24 | — | $378.2M |
股东权益ADPPAR
| Q4 25 | $6.4B | $825.1M | ||
| Q3 25 | $6.4B | $838.0M | ||
| Q2 25 | $6.2B | $859.1M | ||
| Q1 25 | $5.9B | $852.0M | ||
| Q4 24 | $5.1B | $871.7M | ||
| Q3 24 | $5.3B | $692.7M | ||
| Q2 24 | $4.5B | $588.3M | ||
| Q1 24 | $4.6B | $526.4M |
总资产ADPPAR
| Q4 25 | $84.6B | $1.4B | ||
| Q3 25 | $54.3B | $1.4B | ||
| Q2 25 | $53.4B | $1.4B | ||
| Q1 25 | $56.4B | $1.4B | ||
| Q4 24 | $64.1B | $1.4B | ||
| Q3 24 | $49.5B | $1.3B | ||
| Q2 24 | $54.4B | $1.1B | ||
| Q1 24 | $64.2B | $1.0B |
负债/权益比ADPPAR
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.67× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.72× |
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 | $-11.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-12.5M |
| 自由现金流率自由现金流/营收 | — | -10.4% |
| 资本支出强度资本支出/营收 | — | 0.7% |
| 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 | — | $-30.5M |
8季度趋势，按日历期对齐
经营现金流ADPPAR
| Q4 25 | $1.1B | $-11.8M | ||
| Q3 25 | $642.3M | $8.4M | ||
| Q2 25 | $1.4B | $-6.6M | ||
| Q1 25 | $1.5B | $-17.2M | ||
| Q4 24 | $1.2B | $3.4M | ||
| Q3 24 | $824.4M | $8.8M | ||
| Q2 24 | $1.3B | $-13.8M | ||
| Q1 24 | $1.5B | $-23.6M |
自由现金流ADPPAR
| Q4 25 | — | $-12.5M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-17.6M | ||
| Q4 24 | — | $3.2M | ||
| Q3 24 | — | $8.4M | ||
| Q2 24 | — | $-14.2M | ||
| Q1 24 | — | $-23.6M |
自由现金流率ADPPAR
| Q4 25 | — | -10.4% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -16.9% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | -18.2% | ||
| Q1 24 | — | -33.7% |
资本支出强度ADPPAR
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
现金转化率ADPPAR
| 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× | -0.26× | ||
| 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% |
PAR
| Subscription Service | $76.1M | 63% |
| Hardware | $27.8M | 23% |
| Professional Service | $16.2M | 13% |
