vs
Automatic Data Processing（ADP）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的9.5倍（$5.4B vs $566.0M）。Automatic Data Processing净利率更高（19.8% vs -33.1%，领先52.9%）。Automatic Data Processing同比增速更快（6.2% vs -6.1%）。过去两年Automatic Data Processing的营收复合增速更高（1.0% vs -1.8%）
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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
ADP vs WSC — 直观对比
营收规模更大
ADP
是对方的9.5倍
$566.0M
营收增速更快
ADP
高出12.2%
-6.1%
净利率更高
ADP
高出52.9%
-33.1%
两年增速更快
ADP
近两年复合增速
-1.8%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $566.0M |
| 净利润 | $1.1B | $-187.3M |
| 毛利率 | 46.1% | 50.4% |
| 营业利润率 | 25.8% | -32.5% |
| 净利率 | 19.8% | -33.1% |
| 营收同比 | 6.2% | -6.1% |
| 净利润同比 | 10.3% | -310.0% |
| 每股收益（稀释后） | $2.62 | $-1.02 |
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ADPWSC
| Q4 25 | $5.4B | $566.0M | ||
| Q3 25 | $5.2B | $566.8M | ||
| Q2 25 | $5.1B | $589.1M | ||
| Q1 25 | $5.6B | $559.6M | ||
| Q4 24 | $5.0B | $602.5M | ||
| Q3 24 | $4.8B | $601.4M | ||
| Q2 24 | $4.8B | $604.6M | ||
| Q1 24 | $5.3B | $587.2M |
净利润ADPWSC
| Q4 25 | $1.1B | $-187.3M | ||
| Q3 25 | $1.0B | $43.3M | ||
| Q2 25 | $910.7M | $47.9M | ||
| Q1 25 | $1.2B | $43.1M | ||
| Q4 24 | $963.2M | $89.2M | ||
| Q3 24 | $956.3M | $-70.5M | ||
| Q2 24 | $829.3M | $-46.9M | ||
| Q1 24 | $1.2B | $56.2M |
毛利率ADPWSC
| Q4 25 | 46.1% | 50.4% | ||
| Q3 25 | 45.2% | 49.7% | ||
| Q2 25 | 45.1% | 50.3% | ||
| Q1 25 | 47.7% | 53.7% | ||
| Q4 24 | 45.7% | 55.8% | ||
| Q3 24 | 45.5% | 53.5% | ||
| Q2 24 | 44.8% | 54.1% | ||
| Q1 24 | 47.3% | 54.0% |
营业利润率ADPWSC
| Q4 25 | 25.8% | -32.5% | ||
| Q3 25 | 25.3% | 21.0% | ||
| Q2 25 | 23.2% | 21.5% | ||
| Q1 25 | 29.2% | 21.3% | ||
| Q4 24 | 25.0% | 28.9% | ||
| Q3 24 | 25.6% | -5.9% | ||
| Q2 24 | 22.8% | -0.9% | ||
| Q1 24 | 29.4% | 22.1% |
净利率ADPWSC
| Q4 25 | 19.8% | -33.1% | ||
| Q3 25 | 19.6% | 7.6% | ||
| Q2 25 | 17.8% | 8.1% | ||
| Q1 25 | 22.5% | 7.7% | ||
| Q4 24 | 19.1% | 14.8% | ||
| Q3 24 | 19.8% | -11.7% | ||
| Q2 24 | 17.4% | -7.7% | ||
| Q1 24 | 22.6% | 9.6% |
每股收益（稀释后）ADPWSC
| Q4 25 | $2.62 | $-1.02 | ||
| Q3 25 | $2.49 | $0.24 | ||
| Q2 25 | $2.23 | $0.26 | ||
| Q1 25 | $3.06 | $0.23 | ||
| Q4 24 | $2.35 | $0.48 | ||
| Q3 24 | $2.34 | $-0.37 | ||
| Q2 24 | $2.01 | $-0.25 | ||
| Q1 24 | $2.88 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $6.4B | $856.3M |
| 总资产 | $84.6B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资ADPWSC
| Q4 25 | $2.5B | $14.6M | ||
| Q3 25 | $7.9B | $14.8M | ||
| Q2 25 | $7.8B | $12.8M | ||
| Q1 25 | $2.7B | $10.7M | ||
| Q4 24 | $2.2B | $9.0M | ||
| Q3 24 | $7.3B | $11.0M | ||
| Q2 24 | $3.3B | $5.9M | ||
| Q1 24 | $3.3B | $13.1M |
总债务ADPWSC
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益ADPWSC
| Q4 25 | $6.4B | $856.3M | ||
| Q3 25 | $6.4B | $1.1B | ||
| Q2 25 | $6.2B | $1.0B | ||
| Q1 25 | $5.9B | $1.0B | ||
| Q4 24 | $5.1B | $1.0B | ||
| Q3 24 | $5.3B | $1.1B | ||
| Q2 24 | $4.5B | $1.2B | ||
| Q1 24 | $4.6B | $1.3B |
总资产ADPWSC
| Q4 25 | $84.6B | $5.8B | ||
| Q3 25 | $54.3B | $6.1B | ||
| Q2 25 | $53.4B | $6.1B | ||
| Q1 25 | $56.4B | $6.0B | ||
| Q4 24 | $64.1B | $6.0B | ||
| Q3 24 | $49.5B | $6.0B | ||
| Q2 24 | $54.4B | $6.0B | ||
| Q1 24 | $64.2B | $6.2B |
负债/权益比ADPWSC
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | — | $149.7M |
| 自由现金流率自由现金流/营收 | — | 26.5% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | — | $737.7M |
8季度趋势，按日历期对齐
经营现金流ADPWSC
| Q4 25 | $1.1B | $158.9M | ||
| Q3 25 | $642.3M | $191.2M | ||
| Q2 25 | $1.4B | $205.3M | ||
| Q1 25 | $1.5B | $206.6M | ||
| Q4 24 | $1.2B | $178.9M | ||
| Q3 24 | $824.4M | $-1.6M | ||
| Q2 24 | $1.3B | $175.6M | ||
| Q1 24 | $1.5B | $208.7M |
自由现金流ADPWSC
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
自由现金流率ADPWSC
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
资本支出强度ADPWSC
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
现金转化率ADPWSC
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.63× | 4.41× | ||
| Q2 25 | 1.58× | 4.28× | ||
| Q1 25 | 1.22× | 4.80× | ||
| Q4 24 | 1.19× | 2.01× | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 1.57× | — | ||
| Q1 24 | 1.26× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
