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Automatic Data Processing（ADP）与StandardAero, Inc.（SARO）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StandardAero, Inc.的3.3倍（$5.4B vs $1.6B）。Automatic Data Processing净利率更高（19.8% vs 4.9%，领先14.9%）。StandardAero, Inc.同比增速更快（13.5% vs 6.2%）。过去两年StandardAero, Inc.的营收复合增速更高（13.8% 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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
ADP vs SARO — 直观对比
营收规模更大
ADP
是对方的3.3倍
$1.6B
营收增速更快
SARO
高出7.3%
6.2%
净利率更高
ADP
高出14.9%
4.9%
两年增速更快
SARO
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $1.6B |
| 净利润 | $1.1B | $78.6M |
| 毛利率 | 46.1% | 13.8% |
| 营业利润率 | 25.8% | 9.3% |
| 净利率 | 19.8% | 4.9% |
| 营收同比 | 6.2% | 13.5% |
| 净利润同比 | 10.3% | 659.6% |
| 每股收益（稀释后） | $2.62 | $0.24 |
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ADPSARO
| Q4 25 | $5.4B | $1.6B | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.6B | $1.4B | ||
| Q4 24 | $5.0B | $1.4B | ||
| Q3 24 | $4.8B | $1.2B | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $5.3B | $1.2B |
净利润ADPSARO
| Q4 25 | $1.1B | $78.6M | ||
| Q3 25 | $1.0B | $68.1M | ||
| Q2 25 | $910.7M | $67.7M | ||
| Q1 25 | $1.2B | $62.9M | ||
| Q4 24 | $963.2M | $-14.1M | ||
| Q3 24 | $956.3M | $16.4M | ||
| Q2 24 | $829.3M | $5.4M | ||
| Q1 24 | $1.2B | $3.2M |
毛利率ADPSARO
| Q4 25 | 46.1% | 13.8% | ||
| Q3 25 | 45.2% | 14.9% | ||
| Q2 25 | 45.1% | 15.4% | ||
| Q1 25 | 47.7% | 15.2% | ||
| Q4 24 | 45.7% | 14.3% | ||
| Q3 24 | 45.5% | 15.0% | ||
| Q2 24 | 44.8% | 13.7% | ||
| Q1 24 | 47.3% | 14.7% |
营业利润率ADPSARO
| Q4 25 | 25.8% | 9.3% | ||
| Q3 25 | 25.3% | 9.2% | ||
| Q2 25 | 23.2% | 8.9% | ||
| Q1 25 | 29.2% | 9.0% | ||
| Q4 24 | 25.0% | 6.7% | ||
| Q3 24 | 25.6% | 7.9% | ||
| Q2 24 | 22.8% | 7.8% | ||
| Q1 24 | 29.4% | 8.5% |
净利率ADPSARO
| Q4 25 | 19.8% | 4.9% | ||
| Q3 25 | 19.6% | 4.5% | ||
| Q2 25 | 17.8% | 4.4% | ||
| Q1 25 | 22.5% | 4.4% | ||
| Q4 24 | 19.1% | -1.0% | ||
| Q3 24 | 19.8% | 1.3% | ||
| Q2 24 | 17.4% | 0.4% | ||
| Q1 24 | 22.6% | 0.3% |
每股收益（稀释后）ADPSARO
| Q4 25 | $2.62 | $0.24 | ||
| Q3 25 | $2.49 | $0.20 | ||
| Q2 25 | $2.23 | $0.20 | ||
| Q1 25 | $3.06 | $0.19 | ||
| Q4 24 | $2.35 | $-0.05 | ||
| Q3 24 | $2.34 | $0.06 | ||
| Q2 24 | $2.01 | $0.02 | ||
| Q1 24 | $2.88 | $0.01 |
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 | — | $2.2B |
| 股东权益账面价值 | $6.4B | $2.7B |
| 总资产 | $84.6B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资ADPSARO
| 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ADPSARO
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADPSARO
| Q4 25 | $6.4B | $2.7B | ||
| Q3 25 | $6.4B | $2.6B | ||
| Q2 25 | $6.2B | $2.5B | ||
| Q1 25 | $5.9B | $2.4B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $5.3B | $1.2B | ||
| Q2 24 | $4.5B | $1.2B | ||
| Q1 24 | $4.6B | $1.2B |
总资产ADPSARO
| Q4 25 | $84.6B | $6.6B | ||
| Q3 25 | $54.3B | $6.6B | ||
| Q2 25 | $53.4B | $6.5B | ||
| Q1 25 | $56.4B | $6.5B | ||
| Q4 24 | $64.1B | $6.2B | ||
| Q3 24 | $49.5B | $6.1B | ||
| Q2 24 | $54.4B | — | ||
| Q1 24 | $64.2B | — |
负债/权益比ADPSARO
| Q4 25 | — | 0.83× | ||
| Q3 25 | — | 0.90× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $323.0M |
| 自由现金流经营现金流 - 资本支出 | — | $307.3M |
| 自由现金流率自由现金流/营收 | — | 19.2% |
| 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× | 4.11× |
| 过去12个月自由现金流最近4个季度 | — | $234.3M |
8季度趋势，按日历期对齐
经营现金流ADPSARO
| Q4 25 | $1.1B | $323.0M | ||
| Q3 25 | $642.3M | $14.8M | ||
| Q2 25 | $1.4B | $2.9M | ||
| Q1 25 | $1.5B | $-24.0M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $824.4M | $-13.9M | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.5B | $-83.6M |
自由现金流ADPSARO
| Q4 25 | — | $307.3M | ||
| Q3 25 | — | $-4.7M | ||
| Q2 25 | — | $-19.0M | ||
| Q1 25 | — | $-49.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-39.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-102.0M |
自由现金流率ADPSARO
| Q4 25 | — | 19.2% | ||
| Q3 25 | — | -0.3% | ||
| Q2 25 | — | -1.2% | ||
| Q1 25 | — | -3.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -8.3% |
资本支出强度ADPSARO
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.5% |
现金转化率ADPSARO
| Q4 25 | 1.07× | 4.11× | ||
| Q3 25 | 0.63× | 0.22× | ||
| Q2 25 | 1.58× | 0.04× | ||
| Q1 25 | 1.22× | -0.38× | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | -0.84× | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | -26.22× |
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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
