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Automatic Data Processing（ADP）与TRINITY INDUSTRIES INC（TRN）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TRINITY INDUSTRIES INC的8.8倍（$5.4B vs $611.2M）。TRINITY INDUSTRIES INC净利率更高（31.8% vs 19.8%，领先12.0%）。Automatic Data Processing同比增速更快（6.2% vs -2.9%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -13.1%）
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。
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
ADP vs TRN — 直观对比
营收规模更大
ADP
是对方的8.8倍
$611.2M
营收增速更快
ADP
高出9.1%
-2.9%
净利率更高
TRN
高出12.0%
19.8%
两年增速更快
ADP
近两年复合增速
-13.1%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $611.2M |
| 净利润 | $1.1B | $194.2M |
| 毛利率 | 46.1% | 25.5% |
| 营业利润率 | 25.8% | 54.9% |
| 净利率 | 19.8% | 31.8% |
| 营收同比 | 6.2% | -2.9% |
| 净利润同比 | 10.3% | 413.8% |
| 每股收益（稀释后） | $2.62 | $2.25 |
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ADPTRN
| Q4 25 | $5.4B | $611.2M | ||
| Q3 25 | $5.2B | $454.1M | ||
| Q2 25 | $5.1B | $506.2M | ||
| Q1 25 | $5.6B | $585.4M | ||
| Q4 24 | $5.0B | $629.4M | ||
| Q3 24 | $4.8B | $798.8M | ||
| Q2 24 | $4.8B | $841.4M | ||
| Q1 24 | $5.3B | $809.6M |
净利润ADPTRN
| Q4 25 | $1.1B | $194.2M | ||
| Q3 25 | $1.0B | $30.3M | ||
| Q2 25 | $910.7M | $14.1M | ||
| Q1 25 | $1.2B | $22.1M | ||
| Q4 24 | $963.2M | $37.8M | ||
| Q3 24 | $956.3M | $31.4M | ||
| Q2 24 | $829.3M | $54.4M | ||
| Q1 24 | $1.2B | $23.7M |
毛利率ADPTRN
| Q4 25 | 46.1% | 25.5% | ||
| Q3 25 | 45.2% | 31.1% | ||
| Q2 25 | 45.1% | 26.4% | ||
| Q1 25 | 47.7% | 24.3% | ||
| Q4 24 | 45.7% | 24.6% | ||
| Q3 24 | 45.5% | 21.2% | ||
| Q2 24 | 44.8% | 21.3% | ||
| Q1 24 | 47.3% | 20.3% |
营业利润率ADPTRN
| Q4 25 | 25.8% | 54.9% | ||
| Q3 25 | 25.3% | 26.1% | ||
| Q2 25 | 23.2% | 18.8% | ||
| Q1 25 | 29.2% | 17.0% | ||
| Q4 24 | 25.0% | 17.8% | ||
| Q3 24 | 25.6% | 15.3% | ||
| Q2 24 | 22.8% | 16.9% | ||
| Q1 24 | 29.4% | 14.2% |
净利率ADPTRN
| Q4 25 | 19.8% | 31.8% | ||
| Q3 25 | 19.6% | 6.7% | ||
| Q2 25 | 17.8% | 2.8% | ||
| Q1 25 | 22.5% | 3.8% | ||
| Q4 24 | 19.1% | 6.0% | ||
| Q3 24 | 19.8% | 3.9% | ||
| Q2 24 | 17.4% | 6.5% | ||
| Q1 24 | 22.6% | 2.9% |
每股收益（稀释后）ADPTRN
| Q4 25 | $2.62 | $2.25 | ||
| Q3 25 | $2.49 | $0.37 | ||
| Q2 25 | $2.23 | $0.17 | ||
| Q1 25 | $3.06 | $0.26 | ||
| Q4 24 | $2.35 | $0.34 | ||
| Q3 24 | $2.34 | $0.37 | ||
| Q2 24 | $2.01 | $0.65 | ||
| Q1 24 | $2.88 | $0.28 |
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 | $201.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $1.1B |
| 总资产 | $84.6B | $8.4B |
| 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ADPTRN
| Q4 25 | $2.5B | $201.3M | ||
| Q3 25 | $7.9B | $66.3M | ||
| Q2 25 | $7.8B | $147.7M | ||
| Q1 25 | $2.7B | $94.9M | ||
| Q4 24 | $2.2B | $228.2M | ||
| Q3 24 | $7.3B | $222.4M | ||
| Q2 24 | $3.3B | $257.1M | ||
| Q1 24 | $3.3B | $118.8M |
股东权益ADPTRN
| Q4 25 | $6.4B | $1.1B | ||
| Q3 25 | $6.4B | $1.0B | ||
| Q2 25 | $6.2B | $1.0B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $5.1B | $1.1B | ||
| Q3 24 | $5.3B | $1.1B | ||
| Q2 24 | $4.5B | $1.1B | ||
| Q1 24 | $4.6B | $1.0B |
总资产ADPTRN
| Q4 25 | $84.6B | $8.4B | ||
| Q3 25 | $54.3B | $8.9B | ||
| Q2 25 | $53.4B | $8.8B | ||
| Q1 25 | $56.4B | $8.7B | ||
| Q4 24 | $64.1B | $8.8B | ||
| Q3 24 | $49.5B | $8.8B | ||
| Q2 24 | $54.4B | $9.0B | ||
| Q1 24 | $64.2B | $9.1B |
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 | $177.4M |
| 自由现金流经营现金流 - 资本支出 | — | $158.6M |
| 自由现金流率自由现金流/营收 | — | 25.9% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | 1.07× | 0.91× |
| 过去12个月自由现金流最近4个季度 | — | $314.1M |
8季度趋势，按日历期对齐
经营现金流ADPTRN
| Q4 25 | $1.1B | $177.4M | ||
| Q3 25 | $642.3M | $44.2M | ||
| Q2 25 | $1.4B | $61.6M | ||
| Q1 25 | $1.5B | $76.5M | ||
| Q4 24 | $1.2B | $201.6M | ||
| Q3 24 | $824.4M | $78.5M | ||
| Q2 24 | $1.3B | $241.5M | ||
| Q1 24 | $1.5B | $52.2M |
自由现金流ADPTRN
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $52.9M | ||
| Q1 25 | — | $67.3M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | — | $62.1M | ||
| Q2 24 | — | $230.2M | ||
| Q1 24 | — | $47.6M |
自由现金流率ADPTRN
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 5.9% |
资本支出强度ADPTRN
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.6% |
现金转化率ADPTRN
| Q4 25 | 1.07× | 0.91× | ||
| Q3 25 | 0.63× | 1.46× | ||
| Q2 25 | 1.58× | 4.37× | ||
| Q1 25 | 1.22× | 3.46× | ||
| Q4 24 | 1.19× | 5.33× | ||
| Q3 24 | 0.86× | 2.50× | ||
| Q2 24 | 1.57× | 4.44× | ||
| Q1 24 | 1.26× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
