vs
Automatic Data Processing（ADP）与昆腾（QMCO）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是昆腾的71.9倍（$5.4B vs $74.6M）。Automatic Data Processing净利率更高（19.8% vs -37.3%，领先57.1%）。Automatic Data Processing同比增速更快（6.2% vs 2.8%）。过去两年昆腾的营收复合增速更高（2.1% 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。
昆腾公司是一家专注数据存储、管理与保护的科技企业，为全生命周期的视频及非结构化数据提供存储、管理、归档与保护技术服务，客户覆盖各行各业的企业、媒体娱乐公司、政府机构、数据企业以及生命科学机构。公司总部位于加利福尼亚州圣何塞，在全球多地设有分支机构。
ADP vs QMCO — 直观对比
营收规模更大
ADP
是对方的71.9倍
$74.6M
营收增速更快
ADP
高出3.4%
2.8%
净利率更高
ADP
高出57.1%
-37.3%
两年增速更快
QMCO
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $74.6M |
| 净利润 | $1.1B | $-27.8M |
| 毛利率 | 46.1% | 38.8% |
| 营业利润率 | 25.8% | -1.6% |
| 净利率 | 19.8% | -37.3% |
| 营收同比 | 6.2% | 2.8% |
| 净利润同比 | 10.3% | 61.0% |
| 每股收益（稀释后） | $2.62 | $-2.03 |
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ADPQMCO
| Q4 25 | $5.4B | $74.6M | ||
| Q3 25 | $5.2B | $62.7M | ||
| Q2 25 | $5.1B | $64.3M | ||
| Q1 25 | $5.6B | $61.3M | ||
| Q4 24 | $5.0B | $68.7M | ||
| Q3 24 | $4.8B | $71.8M | ||
| Q2 24 | $4.8B | $72.3M | ||
| Q1 24 | $5.3B | $71.5M |
净利润ADPQMCO
| Q4 25 | $1.1B | $-27.8M | ||
| Q3 25 | $1.0B | $-46.5M | ||
| Q2 25 | $910.7M | $-17.2M | ||
| Q1 25 | $1.2B | $-7.7M | ||
| Q4 24 | $963.2M | $-75.3M | ||
| Q3 24 | $956.3M | $-12.2M | ||
| Q2 24 | $829.3M | $-19.9M | ||
| Q1 24 | $1.2B | $-18.9M |
毛利率ADPQMCO
| Q4 25 | 46.1% | 38.8% | ||
| Q3 25 | 45.2% | 37.6% | ||
| Q2 25 | 45.1% | 35.3% | ||
| Q1 25 | 47.7% | 39.6% | ||
| Q4 24 | 45.7% | 40.6% | ||
| Q3 24 | 45.5% | 42.7% | ||
| Q2 24 | 44.8% | 37.4% | ||
| Q1 24 | 47.3% | 38.2% |
营业利润率ADPQMCO
| Q4 25 | 25.8% | -1.6% | ||
| Q3 25 | 25.3% | -13.0% | ||
| Q2 25 | 23.2% | -19.6% | ||
| Q1 25 | 29.2% | -18.9% | ||
| Q4 24 | 25.0% | -11.3% | ||
| Q3 24 | 25.6% | -7.7% | ||
| Q2 24 | 22.8% | -23.3% | ||
| Q1 24 | 29.4% | -19.3% |
净利率ADPQMCO
| Q4 25 | 19.8% | -37.3% | ||
| Q3 25 | 19.6% | -74.1% | ||
| Q2 25 | 17.8% | -26.8% | ||
| Q1 25 | 22.5% | -12.6% | ||
| Q4 24 | 19.1% | -109.6% | ||
| Q3 24 | 19.8% | -16.9% | ||
| Q2 24 | 17.4% | -27.5% | ||
| Q1 24 | 22.6% | -26.5% |
每股收益（稀释后）ADPQMCO
| Q4 25 | $2.62 | $-2.03 | ||
| Q3 25 | $2.49 | $-3.49 | ||
| Q2 25 | $2.23 | $-1.87 | ||
| Q1 25 | $3.06 | $-0.31 | ||
| Q4 24 | $2.35 | $-15.35 | ||
| Q3 24 | $2.34 | $-2.54 | ||
| Q2 24 | $2.01 | $-4.15 | ||
| Q1 24 | $2.88 | $-5.80 |
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 | $13.2M |
| 总债务越低越好 | — | $75.9M |
| 股东权益账面价值 | $6.4B | $-184.2M |
| 总资产 | $84.6B | $149.3M |
| 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ADPQMCO
| Q4 25 | $2.5B | $13.2M | ||
| Q3 25 | $7.9B | $14.7M | ||
| Q2 25 | $7.8B | $37.4M | ||
| Q1 25 | $2.7B | $16.5M | ||
| Q4 24 | $2.2B | $20.4M | ||
| Q3 24 | $7.3B | $16.7M | ||
| Q2 24 | $3.3B | $17.3M | ||
| Q1 24 | $3.3B | $25.7M |
总债务ADPQMCO
| Q4 25 | — | $75.9M | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $123.0M | ||
| Q2 24 | — | $100.9M | ||
| Q1 24 | — | $0 |
股东权益ADPQMCO
| Q4 25 | $6.4B | $-184.2M | ||
| Q3 25 | $6.4B | $-160.5M | ||
| Q2 25 | $6.2B | $-114.4M | ||
| Q1 25 | $5.9B | $-164.4M | ||
| Q4 24 | $5.1B | $-196.6M | ||
| Q3 24 | $5.3B | $-151.1M | ||
| Q2 24 | $4.5B | $-140.3M | ||
| Q1 24 | $4.6B | $-121.5M |
总资产ADPQMCO
| Q4 25 | $84.6B | $149.3M | ||
| Q3 25 | $54.3B | $137.7M | ||
| Q2 25 | $53.4B | $169.2M | ||
| Q1 25 | $56.4B | $155.4M | ||
| Q4 24 | $64.1B | $168.1M | ||
| Q3 24 | $49.5B | $163.1M | ||
| Q2 24 | $54.4B | $173.1M | ||
| Q1 24 | $64.2B | $187.6M |
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 | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-5.6M |
| 自由现金流率自由现金流/营收 | — | -7.5% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $-43.6M |
8季度趋势，按日历期对齐
经营现金流ADPQMCO
| Q4 25 | $1.1B | $-4.9M | ||
| Q3 25 | $642.3M | $-15.6M | ||
| Q2 25 | $1.4B | $-16.9M | ||
| Q1 25 | $1.5B | $-3.3M | ||
| Q4 24 | $1.2B | $-3.2M | ||
| Q3 24 | $824.4M | $-15.3M | ||
| Q2 24 | $1.3B | $-1.9M | ||
| Q1 24 | $1.5B | $10.6M |
自由现金流ADPQMCO
| Q4 25 | — | $-5.6M | ||
| Q3 25 | — | $-16.0M | ||
| Q2 25 | — | $-18.1M | ||
| Q1 25 | — | $-3.9M | ||
| Q4 24 | — | $-4.2M | ||
| Q3 24 | — | $-16.9M | ||
| Q2 24 | — | $-3.5M | ||
| Q1 24 | — | $9.7M |
自由现金流率ADPQMCO
| Q4 25 | — | -7.5% | ||
| Q3 25 | — | -25.5% | ||
| Q2 25 | — | -28.1% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | -6.2% | ||
| Q3 24 | — | -23.5% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | — | 13.6% |
资本支出强度ADPQMCO
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 1.2% |
现金转化率ADPQMCO
| 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% |
QMCO
| Secondary Storage Systems | $30.6M | 41% |
| Service And Subscriptions | $26.5M | 36% |
| Primary Storage Systems | $10.1M | 14% |
| Subscriptions | $4.4M | 6% |
| Royalty | $1.6M | 2% |
