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Automatic Data Processing（ADP）与Vontier Corp（VNT）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Vontier Corp的6.6倍（$5.4B vs $808.5M）。Automatic Data Processing净利率更高（19.8% vs 15.3%，领先4.5%）。Automatic Data Processing同比增速更快（6.2% vs 4.1%）。过去两年Vontier Corp的营收复合增速更高（3.4% 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。
Vontier Corp是一家总部位于美国北卡罗来纳州罗利市的工业制造企业，旗下拥有Gilbarco Veeder-Root、Matco Tools、Teletrac Navman等核心品牌，还控股Hennessy Industries、Gasboy、全球交通技术（GTT）等多家子公司，业务覆盖多个工业制造细分领域。
ADP vs VNT — 直观对比
营收规模更大
ADP
是对方的6.6倍
$808.5M
营收增速更快
ADP
高出2.1%
4.1%
净利率更高
ADP
高出4.5%
15.3%
两年增速更快
VNT
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $808.5M |
| 净利润 | $1.1B | $123.5M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 18.9% |
| 净利率 | 19.8% | 15.3% |
| 营收同比 | 6.2% | 4.1% |
| 净利润同比 | 10.3% | 0.0% |
| 每股收益（稀释后） | $2.62 | $0.85 |
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ADPVNT
| Q4 25 | $5.4B | $808.5M | ||
| Q3 25 | $5.2B | $752.5M | ||
| Q2 25 | $5.1B | $773.5M | ||
| Q1 25 | $5.6B | $741.1M | ||
| Q4 24 | $5.0B | $776.8M | ||
| Q3 24 | $4.8B | $750.0M | ||
| Q2 24 | $4.8B | $696.4M | ||
| Q1 24 | $5.3B | $755.8M |
净利润ADPVNT
| Q4 25 | $1.1B | $123.5M | ||
| Q3 25 | $1.0B | $102.8M | ||
| Q2 25 | $910.7M | $91.9M | ||
| Q1 25 | $1.2B | $87.9M | ||
| Q4 24 | $963.2M | $123.5M | ||
| Q3 24 | $956.3M | $91.8M | ||
| Q2 24 | $829.3M | $70.1M | ||
| Q1 24 | $1.2B | $136.8M |
毛利率ADPVNT
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | 47.3% | ||
| Q2 25 | 45.1% | 47.9% | ||
| Q1 25 | 47.7% | 47.3% | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | 47.2% | ||
| Q2 24 | 44.8% | 48.2% | ||
| Q1 24 | 47.3% | 49.2% |
营业利润率ADPVNT
| Q4 25 | 25.8% | 18.9% | ||
| Q3 25 | 25.3% | 18.9% | ||
| Q2 25 | 23.2% | 17.6% | ||
| Q1 25 | 29.2% | 17.6% | ||
| Q4 24 | 25.0% | 19.2% | ||
| Q3 24 | 25.6% | 17.5% | ||
| Q2 24 | 22.8% | 16.4% | ||
| Q1 24 | 29.4% | 18.8% |
净利率ADPVNT
| Q4 25 | 19.8% | 15.3% | ||
| Q3 25 | 19.6% | 13.7% | ||
| Q2 25 | 17.8% | 11.9% | ||
| Q1 25 | 22.5% | 11.9% | ||
| Q4 24 | 19.1% | 15.9% | ||
| Q3 24 | 19.8% | 12.2% | ||
| Q2 24 | 17.4% | 10.1% | ||
| Q1 24 | 22.6% | 18.1% |
每股收益（稀释后）ADPVNT
| Q4 25 | $2.62 | $0.85 | ||
| Q3 25 | $2.49 | $0.70 | ||
| Q2 25 | $2.23 | $0.62 | ||
| Q1 25 | $3.06 | $0.59 | ||
| Q4 24 | $2.35 | $0.82 | ||
| Q3 24 | $2.34 | $0.60 | ||
| Q2 24 | $2.01 | $0.45 | ||
| Q1 24 | $2.88 | $0.88 |
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 | $492.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $1.2B |
| 总资产 | $84.6B | $4.4B |
| 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ADPVNT
| Q4 25 | $2.5B | $492.2M | ||
| Q3 25 | $7.9B | $433.8M | ||
| Q2 25 | $7.8B | $364.2M | ||
| Q1 25 | $2.7B | $333.6M | ||
| Q4 24 | $2.2B | $356.4M | ||
| Q3 24 | $7.3B | $330.9M | ||
| Q2 24 | $3.3B | $331.3M | ||
| Q1 24 | $3.3B | $406.0M |
股东权益ADPVNT
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | $1.2B | ||
| Q2 25 | $6.2B | $1.2B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $5.1B | $1.1B | ||
| Q3 24 | $5.3B | $1.0B | ||
| Q2 24 | $4.5B | $1.0B | ||
| Q1 24 | $4.6B | $984.9M |
总资产ADPVNT
| Q4 25 | $84.6B | $4.4B | ||
| Q3 25 | $54.3B | $4.4B | ||
| Q2 25 | $53.4B | $4.4B | ||
| Q1 25 | $56.4B | $4.3B | ||
| Q4 24 | $64.1B | $4.3B | ||
| Q3 24 | $49.5B | $4.3B | ||
| Q2 24 | $54.4B | $4.2B | ||
| Q1 24 | $64.2B | $4.3B |
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 | $190.1M |
| 自由现金流经营现金流 - 资本支出 | — | $174.8M |
| 自由现金流率自由现金流/营收 | — | 21.6% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 1.54× |
| 过去12个月自由现金流最近4个季度 | — | $441.1M |
8季度趋势，按日历期对齐
经营现金流ADPVNT
| Q4 25 | $1.1B | $190.1M | ||
| Q3 25 | $642.3M | $110.5M | ||
| Q2 25 | $1.4B | $100.0M | ||
| Q1 25 | $1.5B | $110.4M | ||
| Q4 24 | $1.2B | $168.1M | ||
| Q3 24 | $824.4M | $121.8M | ||
| Q2 24 | $1.3B | $46.1M | ||
| Q1 24 | $1.5B | $91.5M |
自由现金流ADPVNT
| Q4 25 | — | $174.8M | ||
| Q3 25 | — | $90.3M | ||
| Q2 25 | — | $83.3M | ||
| Q1 25 | — | $92.7M | ||
| Q4 24 | — | $148.0M | ||
| Q3 24 | — | $103.2M | ||
| Q2 24 | — | $22.3M | ||
| Q1 24 | — | $71.3M |
自由现金流率ADPVNT
| Q4 25 | — | 21.6% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 10.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 9.4% |
资本支出强度ADPVNT
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 2.7% |
现金转化率ADPVNT
| Q4 25 | 1.07× | 1.54× | ||
| Q3 25 | 0.63× | 1.07× | ||
| Q2 25 | 1.58× | 1.09× | ||
| Q1 25 | 1.22× | 1.26× | ||
| Q4 24 | 1.19× | 1.36× | ||
| Q3 24 | 0.86× | 1.33× | ||
| Q2 24 | 1.57× | 0.66× | ||
| Q1 24 | 1.26× | 0.67× |
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% |
VNT
| Environmental Fueling Solutions Segment | $387.5M | 48% |
| Services | $191.0M | 24% |
| Repair Solutions Segment | $144.5M | 18% |
| Other | $85.5M | 11% |
