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Automatic Data Processing（ADP）与Stagwell Inc（STGW）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Stagwell Inc的6.6倍（$5.4B vs $807.4M）。Automatic Data Processing净利率更高（19.8% vs 1.6%，领先18.2%）。Automatic Data Processing同比增速更快（6.2% vs 2.4%）。过去两年Stagwell Inc的营收复合增速更高（9.8% 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。
Stagwell Inc是一家全球营销传播集团，由马克·佩恩于2015年创立，前身为Stagwell Group。2020年集团宣布计划与关联企业MDC Partners合并，该合并交易于2021年8月正式完成，目前业务覆盖全球多个市场，为客户提供整合营销、品牌传播等专业服务。
ADP vs STGW — 直观对比
营收规模更大
ADP
是对方的6.6倍
$807.4M
营收增速更快
ADP
高出3.8%
2.4%
净利率更高
ADP
高出18.2%
1.6%
两年增速更快
STGW
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $807.4M |
| 净利润 | $1.1B | $12.7M |
| 毛利率 | 46.1% | 37.6% |
| 营业利润率 | 25.8% | 7.0% |
| 净利率 | 19.8% | 1.6% |
| 营收同比 | 6.2% | 2.4% |
| 净利润同比 | 10.3% | 291.3% |
| 每股收益（稀释后） | $2.62 | — |
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ADPSTGW
| Q4 25 | $5.4B | $807.4M | ||
| Q3 25 | $5.2B | $743.0M | ||
| Q2 25 | $5.1B | $706.8M | ||
| Q1 25 | $5.6B | $651.7M | ||
| Q4 24 | $5.0B | $788.7M | ||
| Q3 24 | $4.8B | $711.3M | ||
| Q2 24 | $4.8B | $671.2M | ||
| Q1 24 | $5.3B | $670.1M |
净利润ADPSTGW
| Q4 25 | $1.1B | $12.7M | ||
| Q3 25 | $1.0B | $24.6M | ||
| Q2 25 | $910.7M | $-5.3M | ||
| Q1 25 | $1.2B | $-2.9M | ||
| Q4 24 | $963.2M | $3.2M | ||
| Q3 24 | $956.3M | $3.3M | ||
| Q2 24 | $829.3M | $-3.0M | ||
| Q1 24 | $1.2B | $-1.3M |
毛利率ADPSTGW
| Q4 25 | 46.1% | 37.6% | ||
| Q3 25 | 45.2% | 36.6% | ||
| Q2 25 | 45.1% | 35.0% | ||
| Q1 25 | 47.7% | 36.8% | ||
| Q4 24 | 45.7% | 36.3% | ||
| Q3 24 | 45.5% | 35.7% | ||
| Q2 24 | 44.8% | 34.6% | ||
| Q1 24 | 47.3% | 33.7% |
营业利润率ADPSTGW
| Q4 25 | 25.8% | 7.0% | ||
| Q3 25 | 25.3% | 8.2% | ||
| Q2 25 | 23.2% | 3.3% | ||
| Q1 25 | 29.2% | 2.8% | ||
| Q4 24 | 25.0% | 5.5% | ||
| Q3 24 | 25.6% | 5.9% | ||
| Q2 24 | 22.8% | 3.3% | ||
| Q1 24 | 29.4% | 3.9% |
净利率ADPSTGW
| Q4 25 | 19.8% | 1.6% | ||
| Q3 25 | 19.6% | 3.3% | ||
| Q2 25 | 17.8% | -0.7% | ||
| Q1 25 | 22.5% | -0.4% | ||
| Q4 24 | 19.1% | 0.4% | ||
| Q3 24 | 19.8% | 0.5% | ||
| Q2 24 | 17.4% | -0.4% | ||
| Q1 24 | 22.6% | -0.2% |
每股收益（稀释后）ADPSTGW
| Q4 25 | $2.62 | — | ||
| Q3 25 | $2.49 | — | ||
| Q2 25 | $2.23 | — | ||
| Q1 25 | $3.06 | — | ||
| Q4 24 | $2.35 | — | ||
| Q3 24 | $2.34 | — | ||
| Q2 24 | $2.01 | — | ||
| Q1 24 | $2.88 | — |
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 | $104.5M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $6.4B | $758.4M |
| 总资产 | $84.6B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 1.75× |
8季度趋势，按日历期对齐
现金及短期投资ADPSTGW
| Q4 25 | $2.5B | $104.5M | ||
| Q3 25 | $7.9B | $132.2M | ||
| Q2 25 | $7.8B | $181.3M | ||
| Q1 25 | $2.7B | $137.7M | ||
| Q4 24 | $2.2B | $131.3M | ||
| Q3 24 | $7.3B | $145.8M | ||
| Q2 24 | $3.3B | $136.1M | ||
| Q1 24 | $3.3B | $129.8M |
总债务ADPSTGW
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.3B |
股东权益ADPSTGW
| Q4 25 | $6.4B | $758.4M | ||
| Q3 25 | $6.4B | $749.0M | ||
| Q2 25 | $6.2B | $750.1M | ||
| Q1 25 | $5.9B | $334.4M | ||
| Q4 24 | $5.1B | $331.7M | ||
| Q3 24 | $5.3B | $286.4M | ||
| Q2 24 | $4.5B | $291.6M | ||
| Q1 24 | $4.6B | $337.7M |
总资产ADPSTGW
| Q4 25 | $84.6B | $4.2B | ||
| Q3 25 | $54.3B | $4.3B | ||
| Q2 25 | $53.4B | $4.3B | ||
| Q1 25 | $56.4B | $4.0B | ||
| Q4 24 | $64.1B | $3.9B | ||
| Q3 24 | $49.5B | $3.8B | ||
| Q2 24 | $54.4B | $3.8B | ||
| Q1 24 | $64.2B | $3.8B |
负债/权益比ADPSTGW
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 2.04× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 4.38× | ||
| Q4 24 | — | 4.08× | ||
| Q3 24 | — | 5.11× | ||
| Q2 24 | — | 4.88× | ||
| Q1 24 | — | 3.76× |
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 | $260.3M |
| 自由现金流经营现金流 - 资本支出 | — | $242.9M |
| 自由现金流率自由现金流/营收 | — | 30.1% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 1.07× | 20.56× |
| 过去12个月自由现金流最近4个季度 | — | $247.3M |
8季度趋势，按日历期对齐
经营现金流ADPSTGW
| Q4 25 | $1.1B | $260.3M | ||
| Q3 25 | $642.3M | $-24.0M | ||
| Q2 25 | $1.4B | $114.8M | ||
| Q1 25 | $1.5B | $-60.0M | ||
| Q4 24 | $1.2B | $212.1M | ||
| Q3 24 | $824.4M | $-1.6M | ||
| Q2 24 | $1.3B | $-14.5M | ||
| Q1 24 | $1.5B | $-53.1M |
自由现金流ADPSTGW
| Q4 25 | — | $242.9M | ||
| Q3 25 | — | $-38.8M | ||
| Q2 25 | — | $107.1M | ||
| Q1 25 | — | $-63.9M | ||
| Q4 24 | — | $209.9M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-23.0M | ||
| Q1 24 | — | $-58.6M |
自由现金流率ADPSTGW
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | -5.2% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | -9.8% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | -8.7% |
资本支出强度ADPSTGW
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.8% |
现金转化率ADPSTGW
| Q4 25 | 1.07× | 20.56× | ||
| Q3 25 | 0.63× | -0.98× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | 65.56× | ||
| Q3 24 | 0.86× | -0.49× | ||
| 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% |
STGW
暂无分部数据
