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Automatic Data Processing（ADP）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.9倍（$5.9B vs $3.1B），Automatic Data Processing净利率更高（22.9% vs 3.0%，领先19.9%），Automatic Data Processing同比增速更快（7.0% vs 1.0%），过去两年Automatic Data Processing的营收复合增速更高（11.6% vs -0.9%）
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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
ADP vs R — 直观对比
营收规模更大
ADP
是对方的1.9倍
$3.1B
营收增速更快
ADP
高出6.0%
1.0%
净利率更高
ADP
高出19.9%
3.0%
两年增速更快
ADP
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.9B | $3.1B |
| 净利润 | $1.4B | $93.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 22.9% | 3.0% |
| 营收同比 | 7.0% | 1.0% |
| 净利润同比 | 8.4% | -5.1% |
| 每股收益（稀释后） | $3.38 | $2.34 |
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ADPR
| Q1 26 | $5.9B | $3.1B | ||
| Q4 25 | $5.4B | $3.2B | ||
| Q3 25 | $5.2B | $3.2B | ||
| Q2 25 | $5.1B | $3.2B | ||
| Q1 25 | $5.6B | $3.1B | ||
| Q4 24 | $5.0B | $3.2B | ||
| Q3 24 | $4.8B | $3.2B | ||
| Q2 24 | $4.8B | $3.2B |
净利润ADPR
| Q1 26 | $1.4B | $93.0M | ||
| Q4 25 | $1.1B | $132.0M | ||
| Q3 25 | $1.0B | $138.0M | ||
| Q2 25 | $910.7M | $131.0M | ||
| Q1 25 | $1.2B | $98.0M | ||
| Q4 24 | $963.2M | $135.0M | ||
| Q3 24 | $956.3M | $142.0M | ||
| Q2 24 | $829.3M | $127.0M |
毛利率ADPR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率ADPR
| Q1 26 | — | — | ||
| Q4 25 | 25.8% | 5.6% | ||
| Q3 25 | 25.3% | 6.0% | ||
| Q2 25 | 23.2% | 5.8% | ||
| Q1 25 | 29.2% | 4.3% | ||
| Q4 24 | 25.0% | 5.7% | ||
| Q3 24 | 25.6% | 5.9% | ||
| Q2 24 | 22.8% | 5.6% |
净利率ADPR
| Q1 26 | 22.9% | 3.0% | ||
| Q4 25 | 19.8% | 4.2% | ||
| Q3 25 | 19.6% | 4.4% | ||
| Q2 25 | 17.8% | 4.1% | ||
| Q1 25 | 22.5% | 3.1% | ||
| Q4 24 | 19.1% | 4.2% | ||
| Q3 24 | 19.8% | 4.5% | ||
| Q2 24 | 17.4% | 4.0% |
每股收益（稀释后）ADPR
| Q1 26 | $3.38 | $2.34 | ||
| Q4 25 | $2.62 | $3.22 | ||
| Q3 25 | $2.49 | $3.32 | ||
| Q2 25 | $2.23 | $3.13 | ||
| Q1 25 | $3.06 | $2.27 | ||
| Q4 24 | $2.35 | $3.09 | ||
| Q3 24 | $2.34 | $3.24 | ||
| Q2 24 | $2.01 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $6.4B | $2.9B |
| 总资产 | $64.5B | — |
| 负债/权益比越低杠杆越低 | 0.63× | — |
8季度趋势，按日历期对齐
现金及短期投资ADPR
| Q1 26 | $3.2B | $182.0M | ||
| Q4 25 | $2.5B | $198.0M | ||
| Q3 25 | $7.9B | $189.0M | ||
| Q2 25 | $7.8B | $180.0M | ||
| Q1 25 | $2.7B | $151.0M | ||
| Q4 24 | $2.2B | $154.0M | ||
| Q3 24 | $7.3B | $162.0M | ||
| Q2 24 | $3.3B | $164.0M |
总债务ADPR
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $6.7B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.6B | ||
| Q2 24 | — | $6.5B |
股东权益ADPR
| Q1 26 | $6.4B | $2.9B | ||
| Q4 25 | $6.4B | $3.1B | ||
| Q3 25 | $6.4B | $3.1B | ||
| Q2 25 | $6.2B | $3.1B | ||
| Q1 25 | $5.9B | $3.0B | ||
| Q4 24 | $5.1B | $3.1B | ||
| Q3 24 | $5.3B | $3.1B | ||
| Q2 24 | $4.5B | $3.1B |
总资产ADPR
| Q1 26 | $64.5B | — | ||
| Q4 25 | $84.6B | $16.4B | ||
| Q3 25 | $54.3B | $16.5B | ||
| Q2 25 | $53.4B | $16.5B | ||
| Q1 25 | $56.4B | $16.4B | ||
| Q4 24 | $64.1B | $16.7B | ||
| Q3 24 | $49.5B | $16.5B | ||
| Q2 24 | $54.4B | $16.4B |
负债/权益比ADPR
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.27× | ||
| Q1 25 | — | 2.21× | ||
| Q4 24 | — | 2.14× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 2.09× |
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 | — | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | 2.1% | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流ADPR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.1B | $749.0M | ||
| Q3 25 | $642.3M | $442.0M | ||
| Q2 25 | $1.4B | $752.0M | ||
| Q1 25 | $1.5B | $651.0M | ||
| Q4 24 | $1.2B | $558.0M | ||
| Q3 24 | $824.4M | $629.0M | ||
| Q2 24 | $1.3B | $552.0M |
自由现金流ADPR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率ADPR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度ADPR
| Q1 26 | 2.1% | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率ADPR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 1.07× | 5.67× | ||
| Q3 25 | 0.63× | 3.20× | ||
| Q2 25 | 1.58× | 5.74× | ||
| Q1 25 | 1.22× | 6.64× | ||
| Q4 24 | 1.19× | 4.13× | ||
| Q3 24 | 0.86× | 4.43× | ||
| Q2 24 | 1.57× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
