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Automatic Data Processing（ADP）与TEREX CORP（TEX）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TEREX CORP的4.1倍（$5.4B vs $1.3B）。Automatic Data Processing净利率更高（19.8% vs 4.8%，领先15.0%）。TEREX CORP同比增速更快（6.2% vs 6.2%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% 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。
特雷克斯公司是美国知名的设备制造企业，业务遍布美洲、欧洲、澳大利亚及亚太地区，主营物料加工机械、废弃物回收处理设备、移动式高空作业平台，以及电力行业专用设备，为全球多领域客户提供专业解决方案。
ADP vs TEX — 直观对比
营收规模更大
ADP
是对方的4.1倍
$1.3B
营收增速更快
TEX
高出0.1%
6.2%
净利率更高
ADP
高出15.0%
4.8%
两年增速更快
ADP
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $1.3B |
| 净利润 | $1.1B | $63.0M |
| 毛利率 | 46.1% | 18.8% |
| 营业利润率 | 25.8% | 10.4% |
| 净利率 | 19.8% | 4.8% |
| 营收同比 | 6.2% | 6.2% |
| 净利润同比 | 10.3% | 2963.6% |
| 每股收益（稀释后） | $2.62 | $0.95 |
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ADPTEX
| Q4 25 | $5.4B | $1.3B | ||
| Q3 25 | $5.2B | $1.4B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | $5.6B | $1.2B | ||
| Q4 24 | $5.0B | $1.2B | ||
| Q3 24 | $4.8B | $1.2B | ||
| Q2 24 | $4.8B | $1.4B | ||
| Q1 24 | $5.3B | $1.3B |
净利润ADPTEX
| Q4 25 | $1.1B | $63.0M | ||
| Q3 25 | $1.0B | $65.0M | ||
| Q2 25 | $910.7M | $72.0M | ||
| Q1 25 | $1.2B | $21.0M | ||
| Q4 24 | $963.2M | $-2.2M | ||
| Q3 24 | $956.3M | $88.0M | ||
| Q2 24 | $829.3M | $140.7M | ||
| Q1 24 | $1.2B | $108.5M |
毛利率ADPTEX
| Q4 25 | 46.1% | 18.8% | ||
| Q3 25 | 45.2% | 20.3% | ||
| Q2 25 | 45.1% | 19.6% | ||
| Q1 25 | 47.7% | 18.7% | ||
| Q4 24 | 45.7% | 15.9% | ||
| Q3 24 | 45.5% | 20.2% | ||
| Q2 24 | 44.8% | 23.8% | ||
| Q1 24 | 47.3% | 23.0% |
营业利润率ADPTEX
| Q4 25 | 25.8% | 10.4% | ||
| Q3 25 | 25.3% | 10.1% | ||
| Q2 25 | 23.2% | 8.7% | ||
| Q1 25 | 29.2% | 5.6% | ||
| Q4 24 | 25.0% | 4.2% | ||
| Q3 24 | 25.6% | 10.1% | ||
| Q2 24 | 22.8% | 14.0% | ||
| Q1 24 | 29.4% | 12.2% |
净利率ADPTEX
| Q4 25 | 19.8% | 4.8% | ||
| Q3 25 | 19.6% | 4.7% | ||
| Q2 25 | 17.8% | 4.8% | ||
| Q1 25 | 22.5% | 1.7% | ||
| Q4 24 | 19.1% | -0.2% | ||
| Q3 24 | 19.8% | 7.3% | ||
| Q2 24 | 17.4% | 10.2% | ||
| Q1 24 | 22.6% | 8.4% |
每股收益（稀释后）ADPTEX
| Q4 25 | $2.62 | $0.95 | ||
| Q3 25 | $2.49 | $0.98 | ||
| Q2 25 | $2.23 | $1.09 | ||
| Q1 25 | $3.06 | $0.31 | ||
| Q4 24 | $2.35 | $-0.03 | ||
| Q3 24 | $2.34 | $1.31 | ||
| Q2 24 | $2.01 | $2.08 | ||
| Q1 24 | $2.88 | $1.60 |
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 | $772.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $6.4B | $2.1B |
| 总资产 | $84.6B | $6.1B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ADPTEX
| Q4 25 | $2.5B | $772.0M | ||
| Q3 25 | $7.9B | $509.0M | ||
| Q2 25 | $7.8B | $374.0M | ||
| Q1 25 | $2.7B | $298.0M | ||
| Q4 24 | $2.2B | $388.0M | ||
| Q3 24 | $7.3B | $352.0M | ||
| Q2 24 | $3.3B | $319.3M | ||
| Q1 24 | $3.3B | $364.9M |
总债务ADPTEX
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADPTEX
| Q4 25 | $6.4B | $2.1B | ||
| Q3 25 | $6.4B | $2.0B | ||
| Q2 25 | $6.2B | $2.0B | ||
| Q1 25 | $5.9B | $1.8B | ||
| Q4 24 | $5.1B | $1.8B | ||
| Q3 24 | $5.3B | $2.0B | ||
| Q2 24 | $4.5B | $1.8B | ||
| Q1 24 | $4.6B | $1.7B |
总资产ADPTEX
| Q4 25 | $84.6B | $6.1B | ||
| Q3 25 | $54.3B | $6.2B | ||
| Q2 25 | $53.4B | $6.2B | ||
| Q1 25 | $56.4B | $5.8B | ||
| Q4 24 | $64.1B | $5.7B | ||
| Q3 24 | $49.5B | $3.8B | ||
| Q2 24 | $54.4B | $3.8B | ||
| Q1 24 | $64.2B | $3.8B |
负债/权益比ADPTEX
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.1B | $205.0M |
| 自由现金流经营现金流 - 资本支出 | — | $171.0M |
| 自由现金流率自由现金流/营收 | — | 13.0% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | 1.07× | 3.25× |
| 过去12个月自由现金流最近4个季度 | — | $322.0M |
8季度趋势，按日历期对齐
经营现金流ADPTEX
| Q4 25 | $1.1B | $205.0M | ||
| Q3 25 | $642.3M | $154.0M | ||
| Q2 25 | $1.4B | $102.0M | ||
| Q1 25 | $1.5B | $-21.0M | ||
| Q4 24 | $1.2B | $177.0M | ||
| Q3 24 | $824.4M | $116.4M | ||
| Q2 24 | $1.3B | $66.5M | ||
| Q1 24 | $1.5B | $-33.9M |
自由现金流ADPTEX
| Q4 25 | — | $171.0M | ||
| Q3 25 | — | $130.0M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $128.0M | ||
| Q3 24 | — | $87.4M | ||
| Q2 24 | — | $42.5M | ||
| Q1 24 | — | $-68.9M |
自由现金流率ADPTEX
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | -5.3% |
资本支出强度ADPTEX
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.7% |
现金转化率ADPTEX
| Q4 25 | 1.07× | 3.25× | ||
| Q3 25 | 0.63× | 2.37× | ||
| Q2 25 | 1.58× | 1.42× | ||
| Q1 25 | 1.22× | -1.00× | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | 1.32× | ||
| Q2 24 | 1.57× | 0.47× | ||
| Q1 24 | 1.26× | -0.31× |
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% |
TEX
| Aerials Segment | $466.0M | 35% |
| Materials Processing Segment | $428.0M | 32% |
| Materials Processing Equipment | $279.0M | 21% |
| Specialty Equipment | $148.0M | 11% |
