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Automatic Data Processing（ADP）与NCR Voyix Corp（VYX）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NCR Voyix Corp的7.4倍（$5.4B vs $720.0M）。Automatic Data Processing净利率更高（19.8% vs 13.6%，领先6.2%）。NCR Voyix 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 0.7%）
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。
NCR Voyix是一家全球化软件、咨询与科技企业，前身为恩智瑞公司与国民收银机公司，核心业务涵盖专业技术服务与电子产品供应，曾生产自助服务终端、收银POS机、自动柜员机、支票处理系统及条码扫描器等设备。
ADP vs VYX — 直观对比
营收规模更大
ADP
是对方的7.4倍
$720.0M
营收增速更快
VYX
高出0.0%
6.2%
净利率更高
ADP
高出6.2%
13.6%
两年增速更快
ADP
近两年复合增速
0.7%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $720.0M |
| 净利润 | $1.1B | $98.0M |
| 毛利率 | 46.1% | — |
| 营业利润率 | 25.8% | 2.4% |
| 净利率 | 19.8% | 13.6% |
| 营收同比 | 6.2% | 6.2% |
| 净利润同比 | 10.3% | 990.9% |
| 每股收益（稀释后） | $2.62 | $0.64 |
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ADPVYX
| Q4 25 | $5.4B | $720.0M | ||
| Q3 25 | $5.2B | $684.0M | ||
| Q2 25 | $5.1B | $666.0M | ||
| Q1 25 | $5.6B | $617.0M | ||
| Q4 24 | $5.0B | $678.0M | ||
| Q3 24 | $4.8B | $708.0M | ||
| Q2 24 | $4.8B | $722.0M | ||
| Q1 24 | $5.3B | $710.0M |
净利润ADPVYX
| Q4 25 | $1.1B | $98.0M | ||
| Q3 25 | $1.0B | $-19.0M | ||
| Q2 25 | $910.7M | $0 | ||
| Q1 25 | $1.2B | $-17.0M | ||
| Q4 24 | $963.2M | $-11.0M | ||
| Q3 24 | $956.3M | $1.1B | ||
| Q2 24 | $829.3M | $-73.0M | ||
| Q1 24 | $1.2B | $-40.0M |
毛利率ADPVYX
| Q4 25 | 46.1% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | — | ||
| Q3 24 | 45.5% | 23.4% | ||
| Q2 24 | 44.8% | 17.5% | ||
| Q1 24 | 47.3% | 19.4% |
营业利润率ADPVYX
| Q4 25 | 25.8% | 2.4% | ||
| Q3 25 | 25.3% | 2.2% | ||
| Q2 25 | 23.2% | 2.1% | ||
| Q1 25 | 29.2% | -3.2% | ||
| Q4 24 | 25.0% | -0.1% | ||
| Q3 24 | 25.6% | 2.3% | ||
| Q2 24 | 22.8% | -4.7% | ||
| Q1 24 | 29.4% | -2.7% |
净利率ADPVYX
| Q4 25 | 19.8% | 13.6% | ||
| Q3 25 | 19.6% | -2.8% | ||
| Q2 25 | 17.8% | — | ||
| Q1 25 | 22.5% | -2.8% | ||
| Q4 24 | 19.1% | -1.6% | ||
| Q3 24 | 19.8% | 152.8% | ||
| Q2 24 | 17.4% | -10.1% | ||
| Q1 24 | 22.6% | -5.6% |
每股收益（稀释后）ADPVYX
| Q4 25 | $2.62 | $0.64 | ||
| Q3 25 | $2.49 | $-0.16 | ||
| Q2 25 | $2.23 | $-0.03 | ||
| Q1 25 | $3.06 | $-0.15 | ||
| Q4 24 | $2.35 | $-0.05 | ||
| Q3 24 | $2.34 | $7.41 | ||
| Q2 24 | $2.01 | $-0.53 | ||
| Q1 24 | $2.88 | $-0.31 |
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 | $231.0M |
| 总债务越低越好 | — | $1.1B |
| 股东权益账面价值 | $6.4B | $948.0M |
| 总资产 | $84.6B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 1.17× |
8季度趋势，按日历期对齐
现金及短期投资ADPVYX
| Q4 25 | $2.5B | $231.0M | ||
| Q3 25 | $7.9B | $282.0M | ||
| Q2 25 | $7.8B | $276.0M | ||
| Q1 25 | $2.7B | $573.0M | ||
| Q4 24 | $2.2B | $722.0M | ||
| Q3 24 | $7.3B | $792.0M | ||
| Q2 24 | $3.3B | $203.0M | ||
| Q1 24 | $3.3B | $241.0M |
总债务ADPVYX
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ADPVYX
| Q4 25 | $6.4B | $948.0M | ||
| Q3 25 | $6.4B | $848.0M | ||
| Q2 25 | $6.2B | $867.0M | ||
| Q1 25 | $5.9B | $857.0M | ||
| Q4 24 | $5.1B | $933.0M | ||
| Q3 24 | $5.3B | $1.0B | ||
| Q2 24 | $4.5B | $-85.0M | ||
| Q1 24 | $4.6B | $-34.0M |
总资产ADPVYX
| Q4 25 | $84.6B | $3.9B | ||
| Q3 25 | $54.3B | $4.0B | ||
| Q2 25 | $53.4B | $4.0B | ||
| Q1 25 | $56.4B | $4.3B | ||
| Q4 24 | $64.1B | $4.5B | ||
| Q3 24 | $49.5B | $4.7B | ||
| Q2 24 | $54.4B | $4.8B | ||
| Q1 24 | $64.2B | $5.0B |
负债/权益比ADPVYX
| Q4 25 | — | 1.17× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.18× | ||
| 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 | $60.0M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 1.07× | 0.61× |
| 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ADPVYX
| Q4 25 | $1.1B | $60.0M | ||
| Q3 25 | $642.3M | $14.0M | ||
| Q2 25 | $1.4B | $-242.0M | ||
| Q1 25 | $1.5B | $-42.0M | ||
| Q4 24 | $1.2B | $-170.0M | ||
| Q3 24 | $824.4M | $11.0M | ||
| Q2 24 | $1.3B | $62.0M | ||
| Q1 24 | $1.5B | $-35.0M |
自由现金流ADPVYX
| Q4 25 | — | — | ||
| Q3 25 | — | $10.0M | ||
| Q2 25 | — | $-249.0M | ||
| Q1 25 | — | $-50.0M | ||
| Q4 24 | — | $-177.0M | ||
| Q3 24 | — | $9.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $-43.0M |
自由现金流率ADPVYX
| Q4 25 | — | — | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -37.4% | ||
| Q1 25 | — | -8.1% | ||
| Q4 24 | — | -26.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | -6.1% |
资本支出强度ADPVYX
| Q4 25 | — | — | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.1% |
现金转化率ADPVYX
| Q4 25 | 1.07× | 0.61× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | 0.01× | ||
| 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% |
VYX
| Services | $484.0M | 67% |
| Products | $236.0M | 33% |
