vs
Automatic Data Processing（ADP）与Raymond James Financial（RJF）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Raymond James Financial的1.3倍（$5.4B vs $4.2B），Automatic Data Processing净利率更高（19.8% vs 13.5%，领先6.3%），Automatic Data Processing同比增速更快（6.2% vs 3.5%），过去两年Raymond James Financial的营收复合增速更高（7.1% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
ADP vs RJF — 直观对比
营收规模更大
ADP
是对方的1.3倍
$4.2B
营收增速更快
ADP
高出2.7%
3.5%
净利率更高
ADP
高出6.3%
13.5%
两年增速更快
RJF
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $4.2B |
| 净利润 | $1.1B | $563.0M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | — |
| 净利率 | 19.8% | 13.5% |
| 营收同比 | 6.2% | 3.5% |
| 净利润同比 | 10.3% | -6.2% |
| 每股收益（稀释后） | $2.62 | $2.79 |
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ADPRJF
| Q4 25 | $5.4B | $4.2B | ||
| Q3 25 | $5.2B | $4.2B | ||
| Q2 25 | $5.1B | $3.8B | ||
| Q1 25 | $5.6B | $3.8B | ||
| Q4 24 | $5.0B | $4.0B | ||
| Q3 24 | $4.8B | $4.0B | ||
| Q2 24 | $4.8B | $3.8B | ||
| Q1 24 | $5.3B | $3.6B |
净利润ADPRJF
| Q4 25 | $1.1B | $563.0M | ||
| Q3 25 | $1.0B | $604.0M | ||
| Q2 25 | $910.7M | $436.0M | ||
| Q1 25 | $1.2B | $495.0M | ||
| Q4 24 | $963.2M | $600.0M | ||
| Q3 24 | $956.3M | $602.0M | ||
| Q2 24 | $829.3M | $492.0M | ||
| Q1 24 | $1.2B | $476.0M |
毛利率ADPRJF
| 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% | — | ||
| Q1 24 | 47.3% | — |
营业利润率ADPRJF
| Q4 25 | 25.8% | — | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | 23.2% | 14.7% | ||
| Q1 25 | 29.2% | 17.5% | ||
| Q4 24 | 25.0% | 18.6% | ||
| Q3 24 | 25.6% | — | ||
| Q2 24 | 22.8% | 17.1% | ||
| Q1 24 | 29.4% | 16.7% |
净利率ADPRJF
| Q4 25 | 19.8% | 13.5% | ||
| Q3 25 | 19.6% | 14.4% | ||
| Q2 25 | 17.8% | 11.3% | ||
| Q1 25 | 22.5% | 12.9% | ||
| Q4 24 | 19.1% | 14.9% | ||
| Q3 24 | 19.8% | 15.0% | ||
| Q2 24 | 17.4% | 13.1% | ||
| Q1 24 | 22.6% | 13.1% |
每股收益（稀释后）ADPRJF
| Q4 25 | $2.62 | $2.79 | ||
| Q3 25 | $2.49 | $2.96 | ||
| Q2 25 | $2.23 | $2.12 | ||
| Q1 25 | $3.06 | $2.36 | ||
| Q4 24 | $2.35 | $2.86 | ||
| Q3 24 | $2.34 | $2.85 | ||
| Q2 24 | $2.01 | $2.31 | ||
| Q1 24 | $2.88 | $2.22 |
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 | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $12.6B |
| 总资产 | $84.6B | $88.8B |
| 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ADPRJF
| Q4 25 | $2.5B | $9.9B | ||
| Q3 25 | $7.9B | $11.4B | ||
| Q2 25 | $7.8B | $9.2B | ||
| Q1 25 | $2.7B | $9.7B | ||
| Q4 24 | $2.2B | $10.0B | ||
| Q3 24 | $7.3B | $11.0B | ||
| Q2 24 | $3.3B | $9.1B | ||
| Q1 24 | $3.3B | $10.0B |
股东权益ADPRJF
| Q4 25 | $6.4B | $12.6B | ||
| Q3 25 | $6.4B | $12.5B | ||
| Q2 25 | $6.2B | $12.3B | ||
| Q1 25 | $5.9B | $12.2B | ||
| Q4 24 | $5.1B | $11.9B | ||
| Q3 24 | $5.3B | $11.7B | ||
| Q2 24 | $4.5B | $11.2B | ||
| Q1 24 | $4.6B | $11.0B |
总资产ADPRJF
| Q4 25 | $84.6B | $88.8B | ||
| Q3 25 | $54.3B | $88.2B | ||
| Q2 25 | $53.4B | $84.8B | ||
| Q1 25 | $56.4B | $83.1B | ||
| Q4 24 | $64.1B | $82.3B | ||
| Q3 24 | $49.5B | $83.0B | ||
| Q2 24 | $54.4B | $80.6B | ||
| Q1 24 | $64.2B | $81.2B |
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 | — | $-56.0M |
| 自由现金流率自由现金流/营收 | — | -1.3% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 1.07× | -0.02× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流ADPRJF
| Q4 25 | $1.1B | $-10.0M | ||
| Q3 25 | $642.3M | $796.0M | ||
| Q2 25 | $1.4B | $691.0M | ||
| Q1 25 | $1.5B | $117.0M | ||
| Q4 24 | $1.2B | $830.0M | ||
| Q3 24 | $824.4M | $510.0M | ||
| Q2 24 | $1.3B | $711.0M | ||
| Q1 24 | $1.5B | $391.0M |
自由现金流ADPRJF
| Q4 25 | — | $-56.0M | ||
| Q3 25 | — | $752.0M | ||
| Q2 25 | — | $634.0M | ||
| Q1 25 | — | $71.0M | ||
| Q4 24 | — | $789.0M | ||
| Q3 24 | — | $460.0M | ||
| Q2 24 | — | $655.0M | ||
| Q1 24 | — | $342.0M |
自由现金流率ADPRJF
| Q4 25 | — | -1.3% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 17.4% | ||
| Q1 24 | — | 9.4% |
资本支出强度ADPRJF
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.3% |
现金转化率ADPRJF
| Q4 25 | 1.07× | -0.02× | ||
| Q3 25 | 0.63× | 1.32× | ||
| Q2 25 | 1.58× | 1.58× | ||
| Q1 25 | 1.22× | 0.24× | ||
| Q4 24 | 1.19× | 1.38× | ||
| Q3 24 | 0.86× | 0.85× | ||
| Q2 24 | 1.57× | 1.45× | ||
| Q1 24 | 1.26× | 0.82× |
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% |
RJF
暂无分部数据
