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Automatic Data Processing（ADP）与SILGAN HOLDINGS INC（SLGN）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SILGAN HOLDINGS INC的3.6倍（$5.4B vs $1.5B）。Automatic Data Processing净利率更高（19.8% vs 1.2%，领先18.6%）。Automatic Data Processing同比增速更快（6.2% vs 4.1%）。过去两年SILGAN HOLDINGS INC的营收复合增速更高（5.6% 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。
西尔根控股是一家总部位于美国康涅狄格州的消费品包装制造企业，1987年由原大陆制罐公司的两名高管菲尔·西尔弗与格雷格·霍里根共同创立，公司名称正是取自两位创始人的名字组合，目前在全球包装供应链中占据重要市场地位，为众多快消品牌提供各类包装解决方案。
ADP vs SLGN — 直观对比
营收规模更大
ADP
是对方的3.6倍
$1.5B
营收增速更快
ADP
高出2.1%
4.1%
净利率更高
ADP
高出18.6%
1.2%
两年增速更快
SLGN
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $1.5B |
| 净利润 | $1.1B | $18.2M |
| 毛利率 | 46.1% | 17.2% |
| 营业利润率 | 25.8% | 3.6% |
| 净利率 | 19.8% | 1.2% |
| 营收同比 | 6.2% | 4.1% |
| 净利润同比 | 10.3% | -59.6% |
| 每股收益（稀释后） | $2.62 | $0.18 |
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ADPSLGN
| Q4 25 | $5.4B | $1.5B | ||
| Q3 25 | $5.2B | $2.0B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.6B | $1.5B | ||
| Q4 24 | $5.0B | $1.4B | ||
| Q3 24 | $4.8B | $1.7B | ||
| Q2 24 | $4.8B | $1.4B | ||
| Q1 24 | $5.3B | $1.3B |
净利润ADPSLGN
| Q4 25 | $1.1B | $18.2M | ||
| Q3 25 | $1.0B | $113.3M | ||
| Q2 25 | $910.7M | $88.9M | ||
| Q1 25 | $1.2B | $68.0M | ||
| Q4 24 | $963.2M | $45.1M | ||
| Q3 24 | $956.3M | $100.1M | ||
| Q2 24 | $829.3M | $76.1M | ||
| Q1 24 | $1.2B | $55.2M |
毛利率ADPSLGN
| Q4 25 | 46.1% | 17.2% | ||
| Q3 25 | 45.2% | 16.3% | ||
| Q2 25 | 45.1% | 19.4% | ||
| Q1 25 | 47.7% | 18.4% | ||
| Q4 24 | 45.7% | 16.9% | ||
| Q3 24 | 45.5% | 16.8% | ||
| Q2 24 | 44.8% | 18.5% | ||
| Q1 24 | 47.3% | 17.0% |
营业利润率ADPSLGN
| Q4 25 | 25.8% | 3.6% | ||
| Q3 25 | 25.3% | 7.4% | ||
| Q2 25 | 23.2% | 7.7% | ||
| Q1 25 | 29.2% | 6.0% | ||
| Q4 24 | 25.0% | 3.4% | ||
| Q3 24 | 25.6% | 7.2% | ||
| Q2 24 | 22.8% | 7.3% | ||
| Q1 24 | 29.4% | 5.5% |
净利率ADPSLGN
| Q4 25 | 19.8% | 1.2% | ||
| Q3 25 | 19.6% | 5.6% | ||
| Q2 25 | 17.8% | 5.8% | ||
| Q1 25 | 22.5% | 4.6% | ||
| Q4 24 | 19.1% | 3.2% | ||
| Q3 24 | 19.8% | 5.7% | ||
| Q2 24 | 17.4% | 5.5% | ||
| Q1 24 | 22.6% | 4.2% |
每股收益（稀释后）ADPSLGN
| Q4 25 | $2.62 | $0.18 | ||
| Q3 25 | $2.49 | $1.06 | ||
| Q2 25 | $2.23 | $0.83 | ||
| Q1 25 | $3.06 | $0.63 | ||
| Q4 24 | $2.35 | $0.42 | ||
| Q3 24 | $2.34 | $0.93 | ||
| Q2 24 | $2.01 | $0.71 | ||
| Q1 24 | $2.88 | $0.52 |
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 | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $2.3B |
| 总资产 | $84.6B | $9.4B |
| 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ADPSLGN
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $7.9B | $389.2M | ||
| Q2 25 | $7.8B | $317.5M | ||
| Q1 25 | $2.7B | $353.0M | ||
| Q4 24 | $2.2B | $822.9M | ||
| Q3 24 | $7.3B | $368.5M | ||
| Q2 24 | $3.3B | $302.8M | ||
| Q1 24 | $3.3B | $308.6M |
股东权益ADPSLGN
| Q4 25 | $6.4B | $2.3B | ||
| Q3 25 | $6.4B | $2.3B | ||
| Q2 25 | $6.2B | $2.2B | ||
| Q1 25 | $5.9B | $2.1B | ||
| Q4 24 | $5.1B | $2.0B | ||
| Q3 24 | $5.3B | $2.1B | ||
| Q2 24 | $4.5B | $1.9B | ||
| Q1 24 | $4.6B | $1.9B |
总资产ADPSLGN
| Q4 25 | $84.6B | $9.4B | ||
| Q3 25 | $54.3B | $9.5B | ||
| Q2 25 | $53.4B | $9.4B | ||
| Q1 25 | $56.4B | $8.8B | ||
| Q4 24 | $64.1B | $8.6B | ||
| Q3 24 | $49.5B | $7.7B | ||
| Q2 24 | $54.4B | $7.7B | ||
| Q1 24 | $64.2B | $7.6B |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | — | $1.2B |
| 自由现金流率自由现金流/营收 | — | 83.2% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 71.07× |
| 过去12个月自由现金流最近4个季度 | — | $422.7M |
8季度趋势，按日历期对齐
经营现金流ADPSLGN
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $642.3M | $340.9M | ||
| Q2 25 | $1.4B | $-221.4M | ||
| Q1 25 | $1.5B | $-683.4M | ||
| Q4 24 | $1.2B | $935.8M | ||
| Q3 24 | $824.4M | $313.0M | ||
| Q2 24 | $1.3B | $20.9M | ||
| Q1 24 | $1.5B | $-547.8M |
自由现金流ADPSLGN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $260.8M | ||
| Q2 25 | — | $-294.2M | ||
| Q1 25 | — | $-766.3M | ||
| Q4 24 | — | $865.0M | ||
| Q3 24 | — | $252.4M | ||
| Q2 24 | — | $-35.3M | ||
| Q1 24 | — | $-623.1M |
自由现金流率ADPSLGN
| Q4 25 | — | 83.2% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | -19.1% | ||
| Q1 25 | — | -52.2% | ||
| Q4 24 | — | 61.3% | ||
| Q3 24 | — | 14.5% | ||
| Q2 24 | — | -2.6% | ||
| Q1 24 | — | -47.3% |
资本支出强度ADPSLGN
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 4.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 5.7% |
现金转化率ADPSLGN
| Q4 25 | 1.07× | 71.07× | ||
| Q3 25 | 0.63× | 3.01× | ||
| Q2 25 | 1.58× | -2.49× | ||
| Q1 25 | 1.22× | -10.06× | ||
| Q4 24 | 1.19× | 20.77× | ||
| Q3 24 | 0.86× | 3.13× | ||
| Q2 24 | 1.57× | 0.27× | ||
| Q1 24 | 1.26× | -9.93× |
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% |
SLGN
| Metal Containers | $675.6M | 46% |
| Dispensing And Specialty Closures | $643.6M | 44% |
| Custom Containers | $149.4M | 10% |
