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Automatic Data Processing（ADP）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的2.0倍（$5.4B vs $2.7B），Automatic Data Processing净利率更高（19.8% vs 2.5%，领先17.3%），Rocket Companies, Inc.同比增速更快（52.2% vs 6.2%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
ADP vs RKT — 直观对比
营收规模更大
ADP
是对方的2.0倍
$2.7B
营收增速更快
RKT
高出46.0%
6.2%
净利率更高
ADP
高出17.3%
2.5%
两年增速更快
RKT
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $2.7B |
| 净利润 | $1.1B | $68.0M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 6.3% |
| 净利率 | 19.8% | 2.5% |
| 营收同比 | 6.2% | 52.2% |
| 净利润同比 | 10.3% | 100.8% |
| 每股收益（稀释后） | $2.62 | $0.10 |
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ADPRKT
| Q4 25 | $5.4B | $2.7B | ||
| Q3 25 | $5.2B | $1.6B | ||
| Q2 25 | $5.1B | $1.4B | ||
| Q1 25 | $5.6B | $1.0B | ||
| Q4 24 | $5.0B | $1.8B | ||
| Q3 24 | $4.8B | $646.9M | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $5.3B | $1.4B |
净利润ADPRKT
| Q4 25 | $1.1B | $68.0M | ||
| Q3 25 | $1.0B | $-123.9M | ||
| Q2 25 | $910.7M | $-1.8M | ||
| Q1 25 | $1.2B | $-10.4M | ||
| Q4 24 | $963.2M | $33.9M | ||
| Q3 24 | $956.3M | $-22.0M | ||
| Q2 24 | $829.3M | $1.3M | ||
| Q1 24 | $1.2B | $16.2M |
毛利率ADPRKT
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | 58.9% | ||
| Q3 24 | 45.5% | -8.4% | ||
| Q2 24 | 44.8% | 47.4% | ||
| Q1 24 | 47.3% | 51.2% |
营业利润率ADPRKT
| Q4 25 | 25.8% | 6.3% | ||
| Q3 25 | 25.3% | -11.5% | ||
| Q2 25 | 23.2% | 1.8% | ||
| Q1 25 | 29.2% | -21.5% | ||
| Q4 24 | 25.0% | 38.1% | ||
| Q3 24 | 25.6% | -76.9% | ||
| Q2 24 | 22.8% | 14.8% | ||
| Q1 24 | 29.4% | 21.6% |
净利率ADPRKT
| Q4 25 | 19.8% | 2.5% | ||
| Q3 25 | 19.6% | -7.7% | ||
| Q2 25 | 17.8% | -0.1% | ||
| Q1 25 | 22.5% | -1.0% | ||
| Q4 24 | 19.1% | 1.9% | ||
| Q3 24 | 19.8% | -3.4% | ||
| Q2 24 | 17.4% | 0.1% | ||
| Q1 24 | 22.6% | 1.2% |
每股收益（稀释后）ADPRKT
| Q4 25 | $2.62 | $0.10 | ||
| Q3 25 | $2.49 | $-0.06 | ||
| Q2 25 | $2.23 | $-0.01 | ||
| Q1 25 | $3.06 | $-0.08 | ||
| Q4 24 | $2.35 | $0.28 | ||
| Q3 24 | $2.34 | $-0.19 | ||
| Q2 24 | $2.01 | $0.01 | ||
| Q1 24 | $2.88 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $22.9B |
| 总资产 | $84.6B | $60.7B |
| 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ADPRKT
| Q4 25 | $2.5B | $2.7B | ||
| Q3 25 | $7.9B | $5.8B | ||
| Q2 25 | $7.8B | $5.1B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $7.3B | $1.2B | ||
| Q2 24 | $3.3B | $1.3B | ||
| Q1 24 | $3.3B | $861.4M |
股东权益ADPRKT
| Q4 25 | $6.4B | $22.9B | ||
| Q3 25 | $6.4B | $8.9B | ||
| Q2 25 | $6.2B | $7.4B | ||
| Q1 25 | $5.9B | $8.6B | ||
| Q4 24 | $5.1B | $9.0B | ||
| Q3 24 | $5.3B | $8.4B | ||
| Q2 24 | $4.5B | $8.8B | ||
| Q1 24 | $4.6B | $8.6B |
总资产ADPRKT
| Q4 25 | $84.6B | $60.7B | ||
| Q3 25 | $54.3B | $33.6B | ||
| Q2 25 | $53.4B | $30.4B | ||
| Q1 25 | $56.4B | $25.3B | ||
| Q4 24 | $64.1B | $24.5B | ||
| Q3 24 | $49.5B | $25.1B | ||
| Q2 24 | $54.4B | $23.6B | ||
| Q1 24 | $64.2B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.07× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流ADPRKT
| Q4 25 | $1.1B | $-1.2B | ||
| Q3 25 | $642.3M | $-50.3M | ||
| Q2 25 | $1.4B | $-1.9B | ||
| Q1 25 | $1.5B | $-797.0M | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $824.4M | $-1.3B | ||
| Q2 24 | $1.3B | $-122.3M | ||
| Q1 24 | $1.5B | $-3.0B |
自由现金流ADPRKT
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $-71.8M | ||
| Q2 25 | — | $-1.9B | ||
| Q1 25 | — | $-811.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.4B | ||
| Q2 24 | — | $-138.3M | ||
| Q1 24 | — | $-3.0B |
自由现金流率ADPRKT
| Q4 25 | — | -47.2% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | — | -137.2% | ||
| Q1 25 | — | -78.2% | ||
| Q4 24 | — | 103.1% | ||
| Q3 24 | — | -209.6% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -218.7% |
资本支出强度ADPRKT
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.0% |
现金转化率ADPRKT
| Q4 25 | 1.07× | -18.08× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | 54.42× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | -94.46× | ||
| Q1 24 | 1.26× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
