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Automatic Data Processing（ADP）与Pure Storage, Inc.（PSTG）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Pure Storage, Inc.的5.6倍（$5.4B vs $964.5M）。Automatic Data Processing净利率更高（19.8% vs 5.7%，领先14.1%）。Pure Storage, Inc.同比增速更快（16.0% vs 6.2%）。过去两年Pure Storage, Inc.的营收复合增速更高（10.5% 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。
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
ADP vs PSTG — 直观对比
营收规模更大
ADP
是对方的5.6倍
$964.5M
营收增速更快
PSTG
高出9.9%
6.2%
净利率更高
ADP
高出14.1%
5.7%
两年增速更快
PSTG
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $964.5M |
| 净利润 | $1.1B | $54.8M |
| 毛利率 | 46.1% | 72.3% |
| 营业利润率 | 25.8% | 5.6% |
| 净利率 | 19.8% | 5.7% |
| 营收同比 | 6.2% | 16.0% |
| 净利润同比 | 10.3% | -13.9% |
| 每股收益（稀释后） | $2.62 | $0.16 |
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ADPPSTG
| Q4 25 | $5.4B | $964.5M | ||
| Q3 25 | $5.2B | $861.0M | ||
| Q2 25 | $5.1B | $778.5M | ||
| Q1 25 | $5.6B | $879.8M | ||
| Q4 24 | $5.0B | $831.1M | ||
| Q3 24 | $4.8B | $763.8M | ||
| Q2 24 | $4.8B | $693.5M | ||
| Q1 24 | $5.3B | $789.8M |
净利润ADPPSTG
| Q4 25 | $1.1B | $54.8M | ||
| Q3 25 | $1.0B | $47.1M | ||
| Q2 25 | $910.7M | $-14.0M | ||
| Q1 25 | $1.2B | $42.4M | ||
| Q4 24 | $963.2M | $63.6M | ||
| Q3 24 | $956.3M | $35.7M | ||
| Q2 24 | $829.3M | $-35.0M | ||
| Q1 24 | $1.2B | $65.4M |
毛利率ADPPSTG
| Q4 25 | 46.1% | 72.3% | ||
| Q3 25 | 45.2% | 70.2% | ||
| Q2 25 | 45.1% | 68.9% | ||
| Q1 25 | 47.7% | 67.5% | ||
| Q4 24 | 45.7% | 70.1% | ||
| Q3 24 | 45.5% | 70.7% | ||
| Q2 24 | 44.8% | 71.5% | ||
| Q1 24 | 47.3% | 72.0% |
营业利润率ADPPSTG
| Q4 25 | 25.8% | 5.6% | ||
| Q3 25 | 25.3% | 0.6% | ||
| Q2 25 | 23.2% | -4.0% | ||
| Q1 25 | 29.2% | 4.8% | ||
| Q4 24 | 25.0% | 7.2% | ||
| Q3 24 | 25.6% | 3.3% | ||
| Q2 24 | 22.8% | -6.0% | ||
| Q1 24 | 29.4% | 7.3% |
净利率ADPPSTG
| Q4 25 | 19.8% | 5.7% | ||
| Q3 25 | 19.6% | 5.5% | ||
| Q2 25 | 17.8% | -1.8% | ||
| Q1 25 | 22.5% | 4.8% | ||
| Q4 24 | 19.1% | 7.7% | ||
| Q3 24 | 19.8% | 4.7% | ||
| Q2 24 | 17.4% | -5.0% | ||
| Q1 24 | 22.6% | 8.3% |
每股收益（稀释后）ADPPSTG
| Q4 25 | $2.62 | $0.16 | ||
| Q3 25 | $2.49 | $0.14 | ||
| Q2 25 | $2.23 | $-0.04 | ||
| Q1 25 | $3.06 | $0.13 | ||
| Q4 24 | $2.35 | $0.19 | ||
| Q3 24 | $2.34 | $0.10 | ||
| Q2 24 | $2.01 | $-0.11 | ||
| Q1 24 | $2.88 | $0.22 |
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 | $852.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $1.4B |
| 总资产 | $84.6B | $4.2B |
| 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ADPPSTG
| Q4 25 | $2.5B | $852.8M | ||
| Q3 25 | $7.9B | $887.8M | ||
| Q2 25 | $7.8B | $739.3M | ||
| Q1 25 | $2.7B | $723.6M | ||
| Q4 24 | $2.2B | $894.6M | ||
| Q3 24 | $7.3B | $965.0M | ||
| Q2 24 | $3.3B | $900.6M | ||
| Q1 24 | $3.3B | $702.5M |
股东权益ADPPSTG
| Q4 25 | $6.4B | $1.4B | ||
| Q3 25 | $6.4B | $1.3B | ||
| Q2 25 | $6.2B | $1.2B | ||
| Q1 25 | $5.9B | $1.3B | ||
| Q4 24 | $5.1B | $1.4B | ||
| Q3 24 | $5.3B | $1.5B | ||
| Q2 24 | $4.5B | $1.4B | ||
| Q1 24 | $4.6B | $1.3B |
总资产ADPPSTG
| Q4 25 | $84.6B | $4.2B | ||
| Q3 25 | $54.3B | $4.0B | ||
| Q2 25 | $53.4B | $3.8B | ||
| Q1 25 | $56.4B | $4.0B | ||
| Q4 24 | $64.1B | $3.9B | ||
| Q3 24 | $49.5B | $3.8B | ||
| Q2 24 | $54.4B | $3.6B | ||
| Q1 24 | $64.2B | $3.7B |
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 | $116.0M |
| 自由现金流经营现金流 - 资本支出 | — | $52.6M |
| 自由现金流率自由现金流/营收 | — | 5.5% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | 1.07× | 2.12× |
| 过去12个月自由现金流最近4个季度 | — | $566.7M |
8季度趋势，按日历期对齐
经营现金流ADPPSTG
| Q4 25 | $1.1B | $116.0M | ||
| Q3 25 | $642.3M | $212.2M | ||
| Q2 25 | $1.4B | $283.9M | ||
| Q1 25 | $1.5B | $208.5M | ||
| Q4 24 | $1.2B | $97.0M | ||
| Q3 24 | $824.4M | $226.6M | ||
| Q2 24 | $1.3B | $221.5M | ||
| Q1 24 | $1.5B | $244.4M |
自由现金流ADPPSTG
| Q4 25 | — | $52.6M | ||
| Q3 25 | — | $150.1M | ||
| Q2 25 | — | $211.6M | ||
| Q1 25 | — | $152.4M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | — | $166.6M | ||
| Q2 24 | — | $172.7M | ||
| Q1 24 | — | $200.9M |
自由现金流率ADPPSTG
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 25.4% |
资本支出强度ADPPSTG
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | 5.5% |
现金转化率ADPPSTG
| Q4 25 | 1.07× | 2.12× | ||
| Q3 25 | 0.63× | 4.50× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | 4.91× | ||
| Q4 24 | 1.19× | 1.52× | ||
| Q3 24 | 0.86× | 6.35× | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | 3.74× |
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% |
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
