vs
Automatic Data Processing（ADP）与FreightCar America, Inc.（RAIL）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FreightCar America, Inc.的42.7倍（$5.4B vs $125.5M）。Automatic Data Processing净利率更高（19.8% vs -13.2%，领先33.0%）。Automatic Data Processing同比增速更快（6.2% vs -8.8%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -11.7%）
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。
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
ADP vs RAIL — 直观对比
营收规模更大
ADP
是对方的42.7倍
$125.5M
营收增速更快
ADP
高出15.0%
-8.8%
净利率更高
ADP
高出33.0%
-13.2%
两年增速更快
ADP
近两年复合增速
-11.7%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $125.5M |
| 净利润 | $1.1B | $-16.6M |
| 毛利率 | 46.1% | 13.4% |
| 营业利润率 | 25.8% | 6.2% |
| 净利率 | 19.8% | -13.2% |
| 营收同比 | 6.2% | -8.8% |
| 净利润同比 | 10.3% | -147.9% |
| 每股收益（稀释后） | $2.62 | $-0.54 |
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ADPRAIL
| Q4 25 | $5.4B | $125.5M | ||
| Q3 25 | $5.2B | $160.4M | ||
| Q2 25 | $5.1B | $118.5M | ||
| Q1 25 | $5.6B | $96.2M | ||
| Q4 24 | $5.0B | $137.6M | ||
| Q3 24 | $4.8B | $113.2M | ||
| Q2 24 | $4.8B | $146.0M | ||
| Q1 24 | $5.3B | $160.9M |
净利润ADPRAIL
| Q4 25 | $1.1B | $-16.6M | ||
| Q3 25 | $1.0B | $-7.4M | ||
| Q2 25 | $910.7M | $11.7M | ||
| Q1 25 | $1.2B | $50.4M | ||
| Q4 24 | $963.2M | $34.6M | ||
| Q3 24 | $956.3M | $-107.0M | ||
| Q2 24 | $829.3M | $8.2M | ||
| Q1 24 | $1.2B | $-11.6M |
毛利率ADPRAIL
| Q4 25 | 46.1% | 13.4% | ||
| Q3 25 | 45.2% | 15.1% | ||
| Q2 25 | 45.1% | 15.0% | ||
| Q1 25 | 47.7% | 15.0% | ||
| Q4 24 | 45.7% | 15.3% | ||
| Q3 24 | 45.5% | 14.3% | ||
| Q2 24 | 44.8% | 12.6% | ||
| Q1 24 | 47.3% | 7.1% |
营业利润率ADPRAIL
| Q4 25 | 25.8% | 6.2% | ||
| Q3 25 | 25.3% | 9.1% | ||
| Q2 25 | 23.2% | 6.5% | ||
| Q1 25 | 29.2% | 4.0% | ||
| Q4 24 | 25.0% | 8.5% | ||
| Q3 24 | 25.6% | 7.6% | ||
| Q2 24 | 22.8% | 9.0% | ||
| Q1 24 | 29.4% | 2.4% |
净利率ADPRAIL
| Q4 25 | 19.8% | -13.2% | ||
| Q3 25 | 19.6% | -4.6% | ||
| Q2 25 | 17.8% | 9.9% | ||
| Q1 25 | 22.5% | 52.4% | ||
| Q4 24 | 19.1% | 25.2% | ||
| Q3 24 | 19.8% | -94.6% | ||
| Q2 24 | 17.4% | 5.6% | ||
| Q1 24 | 22.6% | -7.2% |
每股收益（稀释后）ADPRAIL
| Q4 25 | $2.62 | $-0.54 | ||
| Q3 25 | $2.49 | $-0.23 | ||
| Q2 25 | $2.23 | $0.34 | ||
| Q1 25 | $3.06 | $1.52 | ||
| Q4 24 | $2.35 | $0.88 | ||
| Q3 24 | $2.34 | $-3.57 | ||
| Q2 24 | $2.01 | $0.11 | ||
| Q1 24 | $2.88 | $-0.54 |
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 | — |
| 总债务越低越好 | — | $107.2M |
| 股东权益账面价值 | $6.4B | $-107.4M |
| 总资产 | $84.6B | $290.0M |
| 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ADPRAIL
| Q4 25 | $2.5B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.8B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.3B | — |
总债务ADPRAIL
| Q4 25 | — | $107.2M | ||
| Q3 25 | — | $107.6M | ||
| Q2 25 | — | $107.9M | ||
| Q1 25 | — | $108.2M | ||
| Q4 24 | — | $108.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADPRAIL
| Q4 25 | $6.4B | $-107.4M | ||
| Q3 25 | $6.4B | $-90.9M | ||
| Q2 25 | $6.2B | $-83.5M | ||
| Q1 25 | $5.9B | $-97.4M | ||
| Q4 24 | $5.1B | $-150.3M | ||
| Q3 24 | $5.3B | $-156.3M | ||
| Q2 24 | $4.5B | $-48.8M | ||
| Q1 24 | $4.6B | $-57.0M |
总资产ADPRAIL
| Q4 25 | $84.6B | $290.0M | ||
| Q3 25 | $54.3B | $340.8M | ||
| Q2 25 | $53.4B | $328.1M | ||
| Q1 25 | $56.4B | $250.5M | ||
| Q4 24 | $64.1B | $224.2M | ||
| Q3 24 | $49.5B | $245.9M | ||
| Q2 24 | $54.4B | $207.2M | ||
| Q1 24 | $64.2B | $248.7M |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.8M |
| 自由现金流率自由现金流/营收 | — | 7.0% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 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 | — | $31.4M |
8季度趋势，按日历期对齐
经营现金流ADPRAIL
| Q4 25 | $1.1B | $10.0M | ||
| Q3 25 | $642.3M | $3.4M | ||
| Q2 25 | $1.4B | $8.5M | ||
| Q1 25 | $1.5B | $12.8M | ||
| Q4 24 | $1.2B | $5.9M | ||
| Q3 24 | $824.4M | $7.2M | ||
| Q2 24 | $1.3B | $57.2M | ||
| Q1 24 | $1.5B | $-25.3M |
自由现金流ADPRAIL
| Q4 25 | — | $8.8M | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $7.9M | ||
| Q1 25 | — | $12.5M | ||
| Q4 24 | — | $4.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | $55.9M | ||
| Q1 24 | — | $-26.3M |
自由现金流率ADPRAIL
| Q4 25 | — | 7.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | — | -16.3% |
资本支出强度ADPRAIL
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.6% |
现金转化率ADPRAIL
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | 0.73× | ||
| Q1 25 | 1.22× | 0.25× | ||
| Q4 24 | 1.19× | 0.17× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 6.99× | ||
| 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% |
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
