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Automatic Data Processing（ADP）与NUSCALE POWER Corp（SMR）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NUSCALE POWER Corp的2964.2倍（$5.4B vs $1.8M）。Automatic Data Processing净利率更高（19.8% vs -2811.3%，领先2831.2%）。Automatic Data Processing同比增速更快（6.2% vs -94.7%）。过去两年NUSCALE POWER Corp的营收复合增速更高（14.5% 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。
NuScale Power是美国上市企业，总部位于俄勒冈州蒂加德，专注于小型模块化反应堆（SMR）的设计与商业化推广。旗下采用50兆瓦级模块的VOYGR核电站是2022年首个获得美国核管理委员会认证的SMR产品，后续推出的77兆瓦级VOYGR-4、VOYGR-6设计也于2025年5月正式获批。
ADP vs SMR — 直观对比
营收规模更大
ADP
是对方的2964.2倍
$1.8M
营收增速更快
ADP
高出100.9%
-94.7%
净利率更高
ADP
高出2831.2%
-2811.3%
两年增速更快
SMR
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $1.8M |
| 净利润 | $1.1B | $-50.8M |
| 毛利率 | 46.1% | -3.4% |
| 营业利润率 | 25.8% | -4022.2% |
| 净利率 | 19.8% | -2811.3% |
| 营收同比 | 6.2% | -94.7% |
| 净利润同比 | 10.3% | 32.2% |
| 每股收益（稀释后） | $2.62 | $-0.08 |
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ADPSMR
| Q4 25 | $5.4B | $1.8M | ||
| Q3 25 | $5.2B | $8.2M | ||
| Q2 25 | $5.1B | $8.1M | ||
| Q1 25 | $5.6B | $13.4M | ||
| Q4 24 | $5.0B | $34.2M | ||
| Q3 24 | $4.8B | $475.0K | ||
| Q2 24 | $4.8B | $967.0K | ||
| Q1 24 | $5.3B | $1.4M |
净利润ADPSMR
| Q4 25 | $1.1B | $-50.8M | ||
| Q3 25 | $1.0B | $-273.3M | ||
| Q2 25 | $910.7M | $-17.6M | ||
| Q1 25 | $1.2B | $-14.0M | ||
| Q4 24 | $963.2M | $-75.0M | ||
| Q3 24 | $956.3M | $-17.5M | ||
| Q2 24 | $829.3M | $-27.6M | ||
| Q1 24 | $1.2B | $-16.6M |
毛利率ADPSMR
| Q4 25 | 46.1% | -3.4% | ||
| Q3 25 | 45.2% | 32.9% | ||
| Q2 25 | 45.1% | 22.1% | ||
| Q1 25 | 47.7% | 52.4% | ||
| Q4 24 | 45.7% | 91.1% | ||
| Q3 24 | 45.5% | 37.9% | ||
| Q2 24 | 44.8% | 12.1% | ||
| Q1 24 | 47.3% | 46.7% |
营业利润率ADPSMR
| Q4 25 | 25.8% | -4022.2% | ||
| Q3 25 | 25.3% | -6532.9% | ||
| Q2 25 | 23.2% | -534.9% | ||
| Q1 25 | 29.2% | -264.1% | ||
| Q4 24 | 25.0% | -34.6% | ||
| Q3 24 | 25.6% | -8635.6% | ||
| Q2 24 | 22.8% | -4330.7% | ||
| Q1 24 | 29.4% | -3188.8% |
净利率ADPSMR
| Q4 25 | 19.8% | -2811.3% | ||
| Q3 25 | 19.6% | -3316.2% | ||
| Q2 25 | 17.8% | -219.0% | ||
| Q1 25 | 22.5% | -104.7% | ||
| Q4 24 | 19.1% | -219.1% | ||
| Q3 24 | 19.8% | -3675.6% | ||
| Q2 24 | 17.4% | -2855.9% | ||
| Q1 24 | 22.6% | -1201.7% |
每股收益（稀释后）ADPSMR
| Q4 25 | $2.62 | $-0.08 | ||
| Q3 25 | $2.49 | $-1.85 | ||
| Q2 25 | $2.23 | $-0.13 | ||
| Q1 25 | $3.06 | $-0.11 | ||
| Q4 24 | $2.35 | $-0.77 | ||
| Q3 24 | $2.34 | $-0.18 | ||
| Q2 24 | $2.01 | $-0.31 | ||
| Q1 24 | $2.88 | $-0.21 |
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 | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $1.2B |
| 总资产 | $84.6B | $1.4B |
| 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ADPSMR
| Q4 25 | $2.5B | $1.3B | ||
| Q3 25 | $7.9B | $691.8M | ||
| Q2 25 | $7.8B | $420.7M | ||
| Q1 25 | $2.7B | $521.4M | ||
| Q4 24 | $2.2B | $441.6M | ||
| Q3 24 | $7.3B | $156.6M | ||
| Q2 24 | $3.3B | $130.9M | ||
| Q1 24 | $3.3B | $132.0M |
股东权益ADPSMR
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | $828.7M | ||
| Q2 25 | $6.2B | $692.9M | ||
| Q1 25 | $5.9B | $704.0M | ||
| Q4 24 | $5.1B | $618.7M | ||
| Q3 24 | $5.3B | $160.1M | ||
| Q2 24 | $4.5B | $136.3M | ||
| Q1 24 | $4.6B | $125.1M |
总资产ADPSMR
| Q4 25 | $84.6B | $1.4B | ||
| Q3 25 | $54.3B | $883.1M | ||
| Q2 25 | $53.4B | $606.5M | ||
| Q1 25 | $56.4B | $618.1M | ||
| Q4 24 | $64.1B | $544.7M | ||
| Q3 24 | $49.5B | $253.3M | ||
| Q2 24 | $54.4B | $229.2M | ||
| Q1 24 | $64.2B | $229.8M |
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 | $-203.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.07× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ADPSMR
| Q4 25 | $1.1B | $-203.7M | ||
| Q3 25 | $642.3M | $-199.8M | ||
| Q2 25 | $1.4B | $-33.3M | ||
| Q1 25 | $1.5B | $-22.8M | ||
| Q4 24 | $1.2B | $-26.4M | ||
| Q3 24 | $824.4M | $-12.7M | ||
| Q2 24 | $1.3B | $-36.0M | ||
| Q1 24 | $1.5B | $-33.5M |
自由现金流ADPSMR
| Q4 25 | — | — | ||
| Q3 25 | — | $-199.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-22.9M | ||
| Q4 24 | — | $-26.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率ADPSMR
| Q4 25 | — | — | ||
| Q3 25 | — | -2425.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -170.9% | ||
| Q4 24 | — | -77.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度ADPSMR
| Q4 25 | — | — | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
现金转化率ADPSMR
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | — |
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% |
SMR
暂无分部数据
