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Automatic Data Processing（ADP）与WINNEBAGO INDUSTRIES INC（WGO）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WINNEBAGO INDUSTRIES INC的7.6倍（$5.4B vs $702.7M）。Automatic Data Processing净利率更高（19.8% vs 0.8%，领先19.0%）。WINNEBAGO INDUSTRIES INC同比增速更快（12.3% vs 6.2%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -4.0%）
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。
温尼贝戈工业是美国知名的房车制造商，主营 recreational vehicle（ recreational vehicle 即休闲旅居车）生产制造，2018年收购克里斯-克拉夫特公司后进军摩托艇制造领域，企业也曾产出中轻型多用途车等相关产品，公司名称源自其原总部所在地爱荷华州的温纳贝戈县。
ADP vs WGO — 直观对比
营收规模更大
ADP
是对方的7.6倍
$702.7M
营收增速更快
WGO
高出6.2%
6.2%
净利率更高
ADP
高出19.0%
0.8%
两年增速更快
ADP
近两年复合增速
-4.0%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $702.7M |
| 净利润 | $1.1B | $5.5M |
| 毛利率 | 46.1% | 12.7% |
| 营业利润率 | 25.8% | 2.0% |
| 净利率 | 19.8% | 0.8% |
| 营收同比 | 6.2% | 12.3% |
| 净利润同比 | 10.3% | 205.8% |
| 每股收益（稀释后） | $2.62 | $0.19 |
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ADPWGO
| Q4 25 | $5.4B | $702.7M | ||
| Q3 25 | $5.2B | — | ||
| Q2 25 | $5.1B | $775.1M | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $5.0B | $625.6M | ||
| Q3 24 | $4.8B | $720.9M | ||
| Q2 24 | $4.8B | $786.0M | ||
| Q1 24 | $5.3B | $703.6M |
净利润ADPWGO
| Q4 25 | $1.1B | $5.5M | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $910.7M | $17.6M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $963.2M | $-5.2M | ||
| Q3 24 | $956.3M | $-29.1M | ||
| Q2 24 | $829.3M | $29.0M | ||
| Q1 24 | $1.2B | $-12.7M |
毛利率ADPWGO
| Q4 25 | 46.1% | 12.7% | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | 13.7% | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 45.7% | 12.3% | ||
| Q3 24 | 45.5% | 13.1% | ||
| Q2 24 | 44.8% | 15.0% | ||
| Q1 24 | 47.3% | 15.0% |
营业利润率ADPWGO
| Q4 25 | 25.8% | 2.0% | ||
| Q3 25 | 25.3% | — | ||
| Q2 25 | 23.2% | 3.9% | ||
| Q1 25 | 29.2% | — | ||
| Q4 24 | 25.0% | -0.1% | ||
| Q3 24 | 25.6% | -2.5% | ||
| Q2 24 | 22.8% | 5.5% | ||
| Q1 24 | 29.4% | 5.0% |
净利率ADPWGO
| Q4 25 | 19.8% | 0.8% | ||
| Q3 25 | 19.6% | — | ||
| Q2 25 | 17.8% | 2.3% | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 19.1% | -0.8% | ||
| Q3 24 | 19.8% | -4.0% | ||
| Q2 24 | 17.4% | 3.7% | ||
| Q1 24 | 22.6% | -1.8% |
每股收益（稀释后）ADPWGO
| Q4 25 | $2.62 | $0.19 | ||
| Q3 25 | $2.49 | — | ||
| Q2 25 | $2.23 | $0.62 | ||
| Q1 25 | $3.06 | — | ||
| Q4 24 | $2.35 | $-0.18 | ||
| Q3 24 | $2.34 | $-0.87 | ||
| Q2 24 | $2.01 | $0.96 | ||
| Q1 24 | $2.88 | $-0.43 |
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 | $181.7M |
| 总债务越低越好 | — | $541.0M |
| 股东权益账面价值 | $6.4B | $1.2B |
| 总资产 | $84.6B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ADPWGO
| Q4 25 | $2.5B | $181.7M | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.8B | $10.5M | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.2B | $262.5M | ||
| Q3 24 | $7.3B | $330.9M | ||
| Q2 24 | $3.3B | $318.1M | ||
| Q1 24 | $3.3B | $265.7M |
总债务ADPWGO
| Q4 25 | — | $541.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $539.9M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $637.7M | ||
| Q3 24 | — | $637.1M | ||
| Q2 24 | — | $636.4M | ||
| Q1 24 | — | $694.8M |
股东权益ADPWGO
| Q4 25 | $6.4B | $1.2B | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.2B | $1.2B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.1B | $1.2B | ||
| Q3 24 | $5.3B | $1.3B | ||
| Q2 24 | $4.5B | $1.3B | ||
| Q1 24 | $4.6B | $1.3B |
总资产ADPWGO
| Q4 25 | $84.6B | $2.1B | ||
| Q3 25 | $54.3B | — | ||
| Q2 25 | $53.4B | $2.1B | ||
| Q1 25 | $56.4B | — | ||
| Q4 24 | $64.1B | $2.3B | ||
| Q3 24 | $49.5B | $2.4B | ||
| Q2 24 | $54.4B | $2.4B | ||
| Q1 24 | $64.2B | $2.4B |
负债/权益比ADPWGO
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 0.48× | ||
| Q1 24 | — | 0.52× |
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 | $25.4M |
| 自由现金流经营现金流 - 资本支出 | — | $19.8M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 1.07× | 4.62× |
| 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ADPWGO
| Q4 25 | $1.1B | $25.4M | ||
| Q3 25 | $642.3M | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.2B | $-16.7M | ||
| Q3 24 | $824.4M | $40.7M | ||
| Q2 24 | $1.3B | $99.4M | ||
| Q1 24 | $1.5B | $25.2M |
自由现金流ADPWGO
| Q4 25 | — | $19.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-26.7M | ||
| Q3 24 | — | $29.5M | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | $14.2M |
自由现金流率ADPWGO
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.3% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | — | 2.0% |
资本支出强度ADPWGO
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.6% |
现金转化率ADPWGO
| Q4 25 | 1.07× | 4.62× | ||
| Q3 25 | 0.63× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | 1.19× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | 3.43× | ||
| 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% |
WGO
| Travel Trailer | $139.2M | 20% |
| Class C And Other | $131.0M | 19% |
| Fifth Wheel | $116.0M | 17% |
| Class A | $97.4M | 14% |
| Marine Segment | $79.2M | 11% |
| Class B | $76.3M | 11% |
| Other | $56.4M | 8% |
