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Automatic Data Processing（ADP）与XPEL, Inc.（XPEL）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XPEL, Inc.的43.8倍（$5.4B vs $122.3M）。Automatic Data Processing净利率更高（19.8% vs 11.0%，领先8.8%）。XPEL, Inc.同比增速更快（13.7% vs 6.2%）。过去两年XPEL, Inc.的营收复合增速更高（16.5% 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。
XPEL是全球知名的高性能表面保护膜解决方案供应商，核心产品涵盖汽车漆面保护膜、车窗隔热膜、陶瓷涂层等，业务覆盖北美、欧洲、亚太等主要市场，服务对象包括普通车主、汽车经销商及专业安装服务商。
ADP vs XPEL — 直观对比
营收规模更大
ADP
是对方的43.8倍
$122.3M
营收增速更快
XPEL
高出7.5%
6.2%
净利率更高
ADP
高出8.8%
11.0%
两年增速更快
XPEL
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $122.3M |
| 净利润 | $1.1B | $13.4M |
| 毛利率 | 46.1% | 41.9% |
| 营业利润率 | 25.8% | 12.7% |
| 净利率 | 19.8% | 11.0% |
| 营收同比 | 6.2% | 13.7% |
| 净利润同比 | 10.3% | 50.7% |
| 每股收益（稀释后） | $2.62 | $0.48 |
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ADPXPEL
| Q4 25 | $5.4B | $122.3M | ||
| Q3 25 | $5.2B | $125.4M | ||
| Q2 25 | $5.1B | $124.7M | ||
| Q1 25 | $5.6B | $103.8M | ||
| Q4 24 | $5.0B | $107.5M | ||
| Q3 24 | $4.8B | $112.9M | ||
| Q2 24 | $4.8B | $109.9M | ||
| Q1 24 | $5.3B | $90.1M |
净利润ADPXPEL
| Q4 25 | $1.1B | $13.4M | ||
| Q3 25 | $1.0B | $12.9M | ||
| Q2 25 | $910.7M | $16.3M | ||
| Q1 25 | $1.2B | $8.6M | ||
| Q4 24 | $963.2M | $8.9M | ||
| Q3 24 | $956.3M | $14.9M | ||
| Q2 24 | $829.3M | $15.0M | ||
| Q1 24 | $1.2B | $6.7M |
毛利率ADPXPEL
| Q4 25 | 46.1% | 41.9% | ||
| Q3 25 | 45.2% | 41.8% | ||
| Q2 25 | 45.1% | 42.9% | ||
| Q1 25 | 47.7% | 42.3% | ||
| Q4 24 | 45.7% | 40.6% | ||
| Q3 24 | 45.5% | 42.5% | ||
| Q2 24 | 44.8% | 43.5% | ||
| Q1 24 | 47.3% | 42.0% |
营业利润率ADPXPEL
| Q4 25 | 25.8% | 12.7% | ||
| Q3 25 | 25.3% | 13.4% | ||
| Q2 25 | 23.2% | 15.5% | ||
| Q1 25 | 29.2% | 10.7% | ||
| Q4 24 | 25.0% | 11.5% | ||
| Q3 24 | 25.6% | 16.3% | ||
| Q2 24 | 22.8% | 17.5% | ||
| Q1 24 | 29.4% | 10.2% |
净利率ADPXPEL
| Q4 25 | 19.8% | 11.0% | ||
| Q3 25 | 19.6% | 10.3% | ||
| Q2 25 | 17.8% | 13.1% | ||
| Q1 25 | 22.5% | 8.3% | ||
| Q4 24 | 19.1% | 8.3% | ||
| Q3 24 | 19.8% | 13.2% | ||
| Q2 24 | 17.4% | 13.7% | ||
| Q1 24 | 22.6% | 7.4% |
每股收益（稀释后）ADPXPEL
| Q4 25 | $2.62 | $0.48 | ||
| Q3 25 | $2.49 | $0.47 | ||
| Q2 25 | $2.23 | $0.59 | ||
| Q1 25 | $3.06 | $0.31 | ||
| Q4 24 | $2.35 | $0.33 | ||
| Q3 24 | $2.34 | $0.54 | ||
| Q2 24 | $2.01 | $0.54 | ||
| Q1 24 | $2.88 | $0.24 |
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 | $50.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $280.3M |
| 总资产 | $84.6B | $382.5M |
| 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ADPXPEL
| Q4 25 | $2.5B | $50.9M | ||
| Q3 25 | $7.9B | $64.5M | ||
| Q2 25 | $7.8B | $49.6M | ||
| Q1 25 | $2.7B | $23.5M | ||
| Q4 24 | $2.2B | $22.1M | ||
| Q3 24 | $7.3B | $21.0M | ||
| Q2 24 | $3.3B | $15.0M | ||
| Q1 24 | $3.3B | $8.6M |
股东权益ADPXPEL
| Q4 25 | $6.4B | $280.3M | ||
| Q3 25 | $6.4B | $269.3M | ||
| Q2 25 | $6.2B | $255.7M | ||
| Q1 25 | $5.9B | $235.5M | ||
| Q4 24 | $5.1B | $225.5M | ||
| Q3 24 | $5.3B | $218.7M | ||
| Q2 24 | $4.5B | $201.9M | ||
| Q1 24 | $4.6B | $186.4M |
总资产ADPXPEL
| Q4 25 | $84.6B | $382.5M | ||
| Q3 25 | $54.3B | $387.7M | ||
| Q2 25 | $53.4B | $318.1M | ||
| Q1 25 | $56.4B | $294.8M | ||
| Q4 24 | $64.1B | $285.6M | ||
| Q3 24 | $49.5B | $273.0M | ||
| Q2 24 | $54.4B | $261.8M | ||
| Q1 24 | $64.2B | $258.5M |
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 | $2.7M |
| 自由现金流经营现金流 - 资本支出 | — | $1.6M |
| 自由现金流率自由现金流/营收 | — | 1.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.07× | 0.20× |
| 过去12个月自由现金流最近4个季度 | — | $62.9M |
8季度趋势，按日历期对齐
经营现金流ADPXPEL
| Q4 25 | $1.1B | $2.7M | ||
| Q3 25 | $642.3M | $33.2M | ||
| Q2 25 | $1.4B | $27.9M | ||
| Q1 25 | $1.5B | $3.2M | ||
| Q4 24 | $1.2B | $6.3M | ||
| Q3 24 | $824.4M | $19.6M | ||
| Q2 24 | $1.3B | $26.9M | ||
| Q1 24 | $1.5B | $-5.0M |
自由现金流ADPXPEL
| Q4 25 | — | $1.6M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | — | $26.9M | ||
| Q1 25 | — | $2.2M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $18.3M | ||
| Q2 24 | — | $25.1M | ||
| Q1 24 | — | $-7.0M |
自由现金流率ADPXPEL
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 25.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | -7.7% |
资本支出强度ADPXPEL
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.2% |
现金转化率ADPXPEL
| Q4 25 | 1.07× | 0.20× | ||
| Q3 25 | 0.63× | 2.56× | ||
| Q2 25 | 1.58× | 1.71× | ||
| Q1 25 | 1.22× | 0.38× | ||
| Q4 24 | 1.19× | 0.71× | ||
| Q3 24 | 0.86× | 1.31× | ||
| Q2 24 | 1.57× | 1.79× | ||
| Q1 24 | 1.26× | -0.74× |
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% |
XPEL
| Products | $90.9M | 74% |
| Service Revenue Installation Labor | $23.8M | 19% |
| Service Revenue Cutbank Credits | $4.1M | 3% |
| Service Revenue Software | $2.2M | 2% |
