vs
Automatic Data Processing（ADP）与PILGRIMS PRIDE CORP（PPC）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PILGRIMS PRIDE CORP的1.3倍（$5.9B vs $4.5B），Automatic Data Processing净利率更高（22.9% vs 1.9%，领先20.9%），Automatic Data Processing同比增速更快（7.0% vs 3.3%），过去两年Automatic Data Processing的营收复合增速更高（11.6% vs 1.8%）
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。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
ADP vs PPC — 直观对比
营收规模更大
ADP
是对方的1.3倍
$4.5B
营收增速更快
ADP
高出3.6%
3.3%
净利率更高
ADP
高出20.9%
1.9%
两年增速更快
ADP
近两年复合增速
1.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.9B | $4.5B |
| 净利润 | $1.4B | $88.0M |
| 毛利率 | — | 9.5% |
| 营业利润率 | — | 4.5% |
| 净利率 | 22.9% | 1.9% |
| 营收同比 | 7.0% | 3.3% |
| 净利润同比 | 8.4% | -62.7% |
| 每股收益（稀释后） | $10.01 | $0.37 |
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ADPPPC
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.4B | $4.5B | ||
| Q3 25 | $5.2B | $4.8B | ||
| Q2 25 | $5.1B | $4.8B | ||
| Q1 25 | $5.6B | $4.5B | ||
| Q4 24 | $5.0B | $4.4B | ||
| Q3 24 | $4.8B | $4.6B | ||
| Q2 24 | $4.8B | $4.6B |
净利润ADPPPC
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.1B | $88.0M | ||
| Q3 25 | $1.0B | $342.8M | ||
| Q2 25 | $910.7M | $355.5M | ||
| Q1 25 | $1.2B | $296.0M | ||
| Q4 24 | $963.2M | $235.9M | ||
| Q3 24 | $956.3M | $349.9M | ||
| Q2 24 | $829.3M | $326.3M |
毛利率ADPPPC
| Q1 26 | — | — | ||
| Q4 25 | 46.1% | 9.5% | ||
| Q3 25 | 45.2% | 13.9% | ||
| Q2 25 | 45.1% | 15.0% | ||
| Q1 25 | 47.7% | 12.4% | ||
| Q4 24 | 45.7% | 12.7% | ||
| Q3 24 | 45.5% | 14.9% | ||
| Q2 24 | 44.8% | 15.2% |
营业利润率ADPPPC
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 4.5% | ||
| Q3 25 | 25.3% | 10.4% | ||
| Q2 25 | 23.2% | 10.8% | ||
| Q1 25 | 29.2% | 9.1% | ||
| Q4 24 | 25.0% | 7.0% | ||
| Q3 24 | 25.6% | 11.1% | ||
| Q2 24 | 22.8% | 9.7% |
净利率ADPPPC
| Q1 26 | 22.9% | — | ||
| Q4 25 | 19.8% | 1.9% | ||
| Q3 25 | 19.6% | 7.2% | ||
| Q2 25 | 17.8% | 7.5% | ||
| Q1 25 | 22.5% | 6.6% | ||
| Q4 24 | 19.1% | 5.4% | ||
| Q3 24 | 19.8% | 7.6% | ||
| Q2 24 | 17.4% | 7.2% |
每股收益（稀释后）ADPPPC
| Q1 26 | $10.01 | — | ||
| Q4 25 | $2.62 | $0.37 | ||
| Q3 25 | $2.49 | $1.44 | ||
| Q2 25 | $2.23 | $1.49 | ||
| Q1 25 | $3.06 | $1.24 | ||
| Q4 24 | $2.35 | $1.00 | ||
| Q3 24 | $2.34 | $1.47 | ||
| Q2 24 | $2.01 | $1.37 |
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 | $3.2B | $640.2M |
| 总债务越低越好 | $4.0B | $3.1B |
| 股东权益账面价值 | $6.4B | $3.7B |
| 总资产 | $64.5B | $10.3B |
| 负债/权益比越低杠杆越低 | 0.63× | 0.84× |
8季度趋势，按日历期对齐
现金及短期投资ADPPPC
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $640.2M | ||
| Q3 25 | $7.9B | $612.6M | ||
| Q2 25 | $7.8B | $849.0M | ||
| Q1 25 | $2.7B | $2.1B | ||
| Q4 24 | $2.2B | $2.0B | ||
| Q3 24 | $7.3B | $1.9B | ||
| Q2 24 | $3.3B | $1.3B |
总债务ADPPPC
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B |
股东权益ADPPPC
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | $3.7B | ||
| Q3 25 | $6.4B | $3.5B | ||
| Q2 25 | $6.2B | $3.7B | ||
| Q1 25 | $5.9B | $3.1B | ||
| Q4 24 | $5.1B | $4.2B | ||
| Q3 24 | $5.3B | $4.2B | ||
| Q2 24 | $4.5B | $3.7B |
总资产ADPPPC
| Q1 26 | $64.5B | — | ||
| Q4 25 | $84.6B | $10.3B | ||
| Q3 25 | $54.3B | $10.0B | ||
| Q2 25 | $53.4B | $10.1B | ||
| Q1 25 | $56.4B | $11.0B | ||
| Q4 24 | $64.1B | $10.7B | ||
| Q3 24 | $49.5B | $10.7B | ||
| Q2 24 | $54.4B | $10.1B |
负债/权益比ADPPPC
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 0.84× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 1.02× | ||
| Q4 24 | — | 0.76× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.85× |
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 | — | $291.2M |
| 自由现金流经营现金流 - 资本支出 | — | $10.0M |
| 自由现金流率自由现金流/营收 | — | 0.2% |
| 资本支出强度资本支出/营收 | 2.1% | 6.2% |
| 现金转化率经营现金流/净利润 | — | 3.31× |
| 过去12个月自由现金流最近4个季度 | — | $653.1M |
8季度趋势，按日历期对齐
经营现金流ADPPPC
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $291.2M | ||
| Q3 25 | $642.3M | $458.3M | ||
| Q2 25 | $1.4B | $495.2M | ||
| Q1 25 | $1.5B | $126.9M | ||
| Q4 24 | $1.2B | $349.3M | ||
| Q3 24 | $824.4M | $651.1M | ||
| Q2 24 | $1.3B | $718.6M |
自由现金流ADPPPC
| Q1 26 | — | — | ||
| Q4 25 | — | $10.0M | ||
| Q3 25 | — | $275.9M | ||
| Q2 25 | — | $339.1M | ||
| Q1 25 | — | $28.1M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $565.3M | ||
| Q2 24 | — | $617.7M |
自由现金流率ADPPPC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 13.5% |
资本支出强度ADPPPC
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.2% |
现金转化率ADPPPC
| Q1 26 | — | — | ||
| Q4 25 | 1.07× | 3.31× | ||
| Q3 25 | 0.63× | 1.34× | ||
| Q2 25 | 1.58× | 1.39× | ||
| Q1 25 | 1.22× | 0.43× | ||
| Q4 24 | 1.19× | 1.48× | ||
| Q3 24 | 0.86× | 1.86× | ||
| Q2 24 | 1.57× | 2.20× |
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
| Revenues, other than interest on funds held for clients and PEO revenues | $3.6B | 61% |
| PEO revenues (A) (B) (C) | $1.9B | 32% |
| Other | $403.9M | 7% |
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
