vs
Automatic Data Processing（ADP）与TECOGEN INC.（TGEN）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TECOGEN INC.的1007.8倍（$5.4B vs $5.3M）。Automatic Data Processing净利率更高（19.8% vs -75.1%，领先94.9%）。Automatic Data Processing同比增速更快（6.2% vs -12.5%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -7.3%）
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。
ADP vs TGEN — 直观对比
营收规模更大
ADP
是对方的1007.8倍
$5.3M
营收增速更快
ADP
高出18.6%
-12.5%
净利率更高
ADP
高出94.9%
-75.1%
两年增速更快
ADP
近两年复合增速
-7.3%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $5.3M |
| 净利润 | $1.1B | $-4.0M |
| 毛利率 | 46.1% | 36.8% |
| 营业利润率 | 25.8% | -77.8% |
| 净利率 | 19.8% | -75.1% |
| 营收同比 | 6.2% | -12.5% |
| 净利润同比 | 10.3% | -236.7% |
| 每股收益（稀释后） | $2.62 | $-0.14 |
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ADPTGEN
| Q4 25 | $5.4B | $5.3M | ||
| Q3 25 | $5.2B | $7.2M | ||
| Q2 25 | $5.1B | $7.3M | ||
| Q1 25 | $5.6B | $7.3M | ||
| Q4 24 | $5.0B | $6.1M | ||
| Q3 24 | $4.8B | $5.6M | ||
| Q2 24 | $4.8B | $4.7M | ||
| Q1 24 | $5.3B | $6.2M |
净利润ADPTGEN
| Q4 25 | $1.1B | $-4.0M | ||
| Q3 25 | $1.0B | $-2.1M | ||
| Q2 25 | $910.7M | $-1.5M | ||
| Q1 25 | $1.2B | $-659.9K | ||
| Q4 24 | $963.2M | $-1.2M | ||
| Q3 24 | $956.3M | $-930.4K | ||
| Q2 24 | $829.3M | $-1.5M | ||
| Q1 24 | $1.2B | $-1.1M |
毛利率ADPTGEN
| Q4 25 | 46.1% | 36.8% | ||
| Q3 25 | 45.2% | 30.4% | ||
| Q2 25 | 45.1% | 33.8% | ||
| Q1 25 | 47.7% | 44.3% | ||
| Q4 24 | 45.7% | 45.0% | ||
| Q3 24 | 45.5% | 44.1% | ||
| Q2 24 | 44.8% | 44.0% | ||
| Q1 24 | 47.3% | 41.6% |
营业利润率ADPTGEN
| Q4 25 | 25.8% | -77.8% | ||
| Q3 25 | 25.3% | -29.2% | ||
| Q2 25 | 23.2% | -19.4% | ||
| Q1 25 | 29.2% | -8.2% | ||
| Q4 24 | 25.0% | -18.7% | ||
| Q3 24 | 25.6% | -15.5% | ||
| Q2 24 | 22.8% | -31.2% | ||
| Q1 24 | 29.4% | -17.0% |
净利率ADPTGEN
| Q4 25 | 19.8% | -75.1% | ||
| Q3 25 | 19.6% | -29.7% | ||
| Q2 25 | 17.8% | -20.1% | ||
| Q1 25 | 22.5% | -9.1% | ||
| Q4 24 | 19.1% | -19.5% | ||
| Q3 24 | 19.8% | -16.5% | ||
| Q2 24 | 17.4% | -32.5% | ||
| Q1 24 | 22.6% | -17.9% |
每股收益（稀释后）ADPTGEN
| Q4 25 | $2.62 | $-0.14 | ||
| Q3 25 | $2.49 | $-0.07 | ||
| Q2 25 | $2.23 | $-0.06 | ||
| Q1 25 | $3.06 | $-0.03 | ||
| Q4 24 | $2.35 | $-0.05 | ||
| Q3 24 | $2.34 | $-0.04 | ||
| Q2 24 | $2.01 | $-0.06 | ||
| Q1 24 | $2.88 | $-0.04 |
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 | $12.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $21.6M |
| 总资产 | $84.6B | $37.0M |
| 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ADPTGEN
| Q4 25 | $2.5B | $12.4M | ||
| Q3 25 | $7.9B | $15.3M | ||
| Q2 25 | $7.8B | $1.6M | ||
| Q1 25 | $2.7B | $4.1M | ||
| Q4 24 | $2.2B | $5.4M | ||
| Q3 24 | $7.3B | $1.3M | ||
| Q2 24 | $3.3B | $841.9K | ||
| Q1 24 | $3.3B | $1.5M |
股东权益ADPTGEN
| Q4 25 | $6.4B | $21.6M | ||
| Q3 25 | $6.4B | $25.5M | ||
| Q2 25 | $6.2B | $9.1M | ||
| Q1 25 | $5.9B | $9.6M | ||
| Q4 24 | $5.1B | $10.2M | ||
| Q3 24 | $5.3B | $11.3M | ||
| Q2 24 | $4.5B | $12.2M | ||
| Q1 24 | $4.6B | $13.7M |
总资产ADPTGEN
| Q4 25 | $84.6B | $37.0M | ||
| Q3 25 | $54.3B | $41.5M | ||
| Q2 25 | $53.4B | $28.4M | ||
| Q1 25 | $56.4B | $29.7M | ||
| Q4 24 | $64.1B | $31.1M | ||
| Q3 24 | $49.5B | $27.5M | ||
| Q2 24 | $54.4B | $27.2M | ||
| Q1 24 | $64.2B | $28.5M |
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 | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-2.6M |
| 自由现金流率自由现金流/营收 | — | -49.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | — | $-10.3M |
8季度趋势，按日历期对齐
经营现金流ADPTGEN
| Q4 25 | $1.1B | $-2.6M | ||
| Q3 25 | $642.3M | $-3.6M | ||
| Q2 25 | $1.4B | $-2.6M | ||
| Q1 25 | $1.5B | $-1.2M | ||
| Q4 24 | $1.2B | $4.2M | ||
| Q3 24 | $824.4M | $-207.3K | ||
| Q2 24 | $1.3B | $-157.9K | ||
| Q1 24 | $1.5B | $248.2K |
自由现金流ADPTGEN
| Q4 25 | — | $-2.6M | ||
| Q3 25 | — | $-3.6M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | — | $4.0M | ||
| Q3 24 | — | $-489.6K | ||
| Q2 24 | — | $-609.6K | ||
| Q1 24 | — | $143.3K |
自由现金流率ADPTGEN
| Q4 25 | — | -49.3% | ||
| Q3 25 | — | -50.6% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -17.9% | ||
| Q4 24 | — | 66.6% | ||
| Q3 24 | — | -8.7% | ||
| Q2 24 | — | -12.9% | ||
| Q1 24 | — | 2.3% |
资本支出强度ADPTGEN
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 5.0% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | — | 1.7% |
现金转化率ADPTGEN
| 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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
