vs
Automatic Data Processing（ADP）与Smurfit Westrock（SW）财务数据对比。点击上方公司名可切换其他公司
Smurfit Westrock的季度营收约是Automatic Data Processing的1.3倍（$7.7B vs $5.9B），Automatic Data Processing净利率更高（22.9% vs 0.8%，领先22.1%），Automatic Data Processing同比增速更快（7.0% vs 0.7%），过去两年Smurfit Westrock的营收复合增速更高（61.2% vs 11.6%）
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。
Smurfit Westrock plc是总部位于爱尔兰都柏林的企业，核心业务为生产瓦楞包装及各类纸制包装产品，公司股票同时在纽约证券交易所和伦敦证券交易所挂牌上市。
ADP vs SW — 直观对比
营收规模更大
SW
是对方的1.3倍
$5.9B
营收增速更快
ADP
高出6.2%
0.7%
净利率更高
ADP
高出22.1%
0.8%
两年增速更快
SW
近两年复合增速
11.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.9B | $7.7B |
| 净利润 | $1.4B | $63.0M |
| 毛利率 | — | 16.4% |
| 营业利润率 | — | 3.3% |
| 净利率 | 22.9% | 0.8% |
| 营收同比 | 7.0% | 0.7% |
| 净利润同比 | 8.4% | 0.0% |
| 每股收益（稀释后） | $3.38 | $0.12 |
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ADPSW
| Q1 26 | $5.9B | $7.7B | ||
| Q4 25 | $5.4B | $7.6B | ||
| Q3 25 | $5.2B | $8.0B | ||
| Q2 25 | $5.1B | $7.9B | ||
| Q1 25 | $5.6B | $7.7B | ||
| Q4 24 | $5.0B | $7.5B | ||
| Q3 24 | $4.8B | $7.7B | ||
| Q2 24 | $4.8B | $3.0B |
净利润ADPSW
| Q1 26 | $1.4B | $63.0M | ||
| Q4 25 | $1.1B | $97.0M | ||
| Q3 25 | $1.0B | $246.0M | ||
| Q2 25 | $910.7M | $-28.0M | ||
| Q1 25 | $1.2B | $384.0M | ||
| Q4 24 | $963.2M | $146.0M | ||
| Q3 24 | $956.3M | $-150.0M | ||
| Q2 24 | $829.3M | $132.0M |
毛利率ADPSW
| Q1 26 | — | 16.4% | ||
| Q4 25 | 46.1% | 18.2% | ||
| Q3 25 | 45.2% | 19.6% | ||
| Q2 25 | 45.1% | 19.1% | ||
| Q1 25 | 47.7% | 20.6% | ||
| Q4 24 | 45.7% | 19.1% | ||
| Q3 24 | 45.5% | 17.6% | ||
| Q2 24 | 44.8% | 23.3% |
营业利润率ADPSW
| Q1 26 | — | 3.3% | ||
| Q4 25 | 25.8% | 5.1% | ||
| Q3 25 | 25.3% | 6.6% | ||
| Q2 25 | 23.2% | 3.2% | ||
| Q1 25 | 29.2% | 7.2% | ||
| Q4 24 | 25.0% | 5.3% | ||
| Q3 24 | 25.6% | 0.7% | ||
| Q2 24 | 22.8% | 8.2% |
净利率ADPSW
| Q1 26 | 22.9% | 0.8% | ||
| Q4 25 | 19.8% | 1.3% | ||
| Q3 25 | 19.6% | 3.1% | ||
| Q2 25 | 17.8% | -0.4% | ||
| Q1 25 | 22.5% | 5.0% | ||
| Q4 24 | 19.1% | 1.9% | ||
| Q3 24 | 19.8% | -2.0% | ||
| Q2 24 | 17.4% | 4.4% |
每股收益（稀释后）ADPSW
| Q1 26 | $3.38 | $0.12 | ||
| Q4 25 | $2.62 | $0.18 | ||
| Q3 25 | $2.49 | $0.47 | ||
| Q2 25 | $2.23 | $-0.05 | ||
| Q1 25 | $3.06 | $0.73 | ||
| Q4 24 | $2.35 | $-0.12 | ||
| Q3 24 | $2.34 | $-0.30 | ||
| Q2 24 | $2.01 | $0.51 |
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 | — |
| 总债务越低越好 | $4.0B | $980.0M |
| 股东权益账面价值 | $6.4B | $18.1B |
| 总资产 | $64.5B | $45.2B |
| 负债/权益比越低杠杆越低 | 0.63× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ADPSW
| Q1 26 | $3.2B | — | ||
| Q4 25 | $2.5B | $892.0M | ||
| Q3 25 | $7.9B | $851.0M | ||
| Q2 25 | $7.8B | $778.0M | ||
| Q1 25 | $2.7B | $797.0M | ||
| Q4 24 | $2.2B | $855.0M | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $3.3B | $26.8K |
总债务ADPSW
| Q1 26 | $4.0B | $980.0M | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — |
股东权益ADPSW
| Q1 26 | $6.4B | $18.1B | ||
| Q4 25 | $6.4B | $18.3B | ||
| Q3 25 | $6.4B | $18.4B | ||
| Q2 25 | $6.2B | $18.3B | ||
| Q1 25 | $5.9B | $17.9B | ||
| Q4 24 | $5.1B | $17.4B | ||
| Q3 24 | $5.3B | $18.0B | ||
| Q2 24 | $4.5B | $14.5K |
总资产ADPSW
| Q1 26 | $64.5B | $45.2B | ||
| Q4 25 | $84.6B | $45.2B | ||
| Q3 25 | $54.3B | $45.6B | ||
| Q2 25 | $53.4B | $45.7B | ||
| Q1 25 | $56.4B | $44.6B | ||
| Q4 24 | $64.1B | $43.8B | ||
| Q3 24 | $49.5B | $45.0B | ||
| Q2 24 | $54.4B | $26.8K |
负债/权益比ADPSW
| Q1 26 | 0.63× | 0.05× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| Q2 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 | — | $204.0M |
| 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 | 2.1% | — |
| 现金转化率经营现金流/净利润 | — | 3.24× |
| 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ADPSW
| Q1 26 | — | $204.0M | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $642.3M | $1.1B | ||
| Q2 25 | $1.4B | $829.0M | ||
| Q1 25 | $1.5B | $235.0M | ||
| Q4 24 | $1.2B | $781.0M | ||
| Q3 24 | $824.4M | $320.0M | ||
| Q2 24 | $1.3B | $340.0M |
自由现金流ADPSW
| Q1 26 | — | — | ||
| Q4 25 | — | $612.0M | ||
| Q3 25 | — | $523.0M | ||
| Q2 25 | — | $307.0M | ||
| Q1 25 | — | $-242.0M | ||
| Q4 24 | — | $212.0M | ||
| Q3 24 | — | $-192.0M | ||
| Q2 24 | — | $163.0M |
自由现金流率ADPSW
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 5.5% |
资本支出强度ADPSW
| Q1 26 | 2.1% | — | ||
| Q4 25 | — | 7.7% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 6.0% |
现金转化率ADPSW
| Q1 26 | — | 3.24× | ||
| Q4 25 | 1.07× | 12.32× | ||
| Q3 25 | 0.63× | 4.61× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | 0.61× | ||
| Q4 24 | 1.19× | 5.35× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 2.58× |
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% |
SW
暂无分部数据
