vs
Automatic Data Processing（ADP）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是史密斯菲尔德食品的1.6倍（$5.9B vs $3.8B），Automatic Data Processing净利率更高（22.9% vs 6.6%，领先16.3%），Automatic Data Processing同比增速更快（7.0% vs 0.8%），过去两年Automatic Data Processing的营收复合增速更高（11.6% vs 6.8%）
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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
ADP vs SFD — 直观对比
营收规模更大
ADP
是对方的1.6倍
$3.8B
营收增速更快
ADP
高出6.2%
0.8%
净利率更高
ADP
高出16.3%
6.6%
两年增速更快
ADP
近两年复合增速
6.8%
损益表 — Q3 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $5.9B | $3.8B |
| 净利润 | $1.4B | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 8.8% |
| 净利率 | 22.9% | 6.6% |
| 营收同比 | 7.0% | 0.8% |
| 净利润同比 | 8.4% | 9.8% |
| 每股收益（稀释后） | $3.38 | — |
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ADPSFD
| Q1 26 | $5.9B | $3.8B | ||
| Q4 25 | $5.4B | $4.2B | ||
| Q3 25 | $5.2B | $3.7B | ||
| Q2 25 | $5.1B | $3.8B | ||
| Q1 25 | $5.6B | $3.8B | ||
| Q4 24 | $5.0B | $4.0B | ||
| Q3 24 | $4.8B | $3.3B | ||
| Q2 24 | $4.8B | — |
净利润ADPSFD
| Q1 26 | $1.4B | $249.0M | ||
| Q4 25 | $1.1B | $327.0M | ||
| Q3 25 | $1.0B | $248.0M | ||
| Q2 25 | $910.7M | $188.0M | ||
| Q1 25 | $1.2B | $224.0M | ||
| Q4 24 | $963.2M | $205.0M | ||
| Q3 24 | $956.3M | $291.0M | ||
| Q2 24 | $829.3M | — |
毛利率ADPSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | 46.1% | 14.2% | ||
| Q3 25 | 45.2% | 12.8% | ||
| Q2 25 | 45.1% | 13.2% | ||
| Q1 25 | 47.7% | 13.5% | ||
| Q4 24 | 45.7% | 13.5% | ||
| Q3 24 | 45.5% | 14.3% | ||
| Q2 24 | 44.8% | — |
营业利润率ADPSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 25.8% | 9.5% | ||
| Q3 25 | 25.3% | 8.3% | ||
| Q2 25 | 23.2% | 6.9% | ||
| Q1 25 | 29.2% | 8.5% | ||
| Q4 24 | 25.0% | 8.5% | ||
| Q3 24 | 25.6% | 8.5% | ||
| Q2 24 | 22.8% | — |
净利率ADPSFD
| Q1 26 | 22.9% | 6.6% | ||
| Q4 25 | 19.8% | 7.7% | ||
| Q3 25 | 19.6% | 6.6% | ||
| Q2 25 | 17.8% | 5.0% | ||
| Q1 25 | 22.5% | 5.9% | ||
| Q4 24 | 19.1% | 5.2% | ||
| Q3 24 | 19.8% | 8.7% | ||
| Q2 24 | 17.4% | — |
每股收益（稀释后）ADPSFD
| Q1 26 | $3.38 | — | ||
| Q4 25 | $2.62 | $0.83 | ||
| Q3 25 | $2.49 | $0.63 | ||
| Q2 25 | $2.23 | $0.48 | ||
| Q1 25 | $3.06 | $0.57 | ||
| Q4 24 | $2.35 | $0.54 | ||
| Q3 24 | $2.34 | $0.77 | ||
| Q2 24 | $2.01 | — |
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 | $3.2B | $1.4B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $6.4B | $6.9B |
| 总资产 | $64.5B | $12.0B |
| 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ADPSFD
| Q1 26 | $3.2B | $1.4B | ||
| 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 | — |
总债务ADPSFD
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ADPSFD
| Q1 26 | $6.4B | $6.9B | ||
| Q4 25 | $6.4B | $6.8B | ||
| Q3 25 | $6.4B | $6.5B | ||
| Q2 25 | $6.2B | $6.3B | ||
| Q1 25 | $5.9B | $6.2B | ||
| Q4 24 | $5.1B | $5.8B | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $4.5B | — |
总资产ADPSFD
| Q1 26 | $64.5B | $12.0B | ||
| Q4 25 | $84.6B | $12.2B | ||
| Q3 25 | $54.3B | $11.5B | ||
| Q2 25 | $53.4B | $11.2B | ||
| Q1 25 | $56.4B | $11.1B | ||
| Q4 24 | $64.1B | $11.1B | ||
| Q3 24 | $49.5B | — | ||
| Q2 24 | $54.4B | — |
负债/权益比ADPSFD
| Q1 26 | 0.63× | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
SFD
| Packaged Meats | $2.1B | 57% |
| Other | $863.0M | 23% |
| Hog Production | $769.0M | 20% |
| inter-segment sales eliminations | $19.0M | 1% |
