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阿卡迈（AKAM）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
Paychex的季度营收约是阿卡迈的1.4倍（$1.5B vs $1.1B），Paychex净利率更高（26.3% vs 7.8%，领先18.5%），Paychex同比增速更快（17.4% vs 7.4%），Paychex自由现金流更多（$382.8M vs $234.9M），过去两年阿卡迈的营收复合增速更高（5.3% vs 3.8%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
AKAM vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.4倍
$1.1B
营收增速更快
PAYX
高出10.0%
7.4%
净利率更高
PAYX
高出18.5%
7.8%
自由现金流更多
PAYX
多$147.9M
$234.9M
两年增速更快
AKAM
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.5B |
| 净利润 | $85.1M | $395.4M |
| 毛利率 | 58.7% | 72.6% |
| 营业利润率 | 8.7% | 38.0% |
| 净利率 | 7.8% | 26.3% |
| 营收同比 | 7.4% | 17.4% |
| 净利润同比 | -39.2% | -4.4% |
| 每股收益（稀释后） | $0.57 | $1.10 |
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AKAMPAYX
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.0B | $1.3B | ||
| Q2 24 | $979.6M | $1.3B | ||
| Q1 24 | $987.0M | $1.4B |
净利润AKAMPAYX
| Q4 25 | $85.1M | $395.4M | ||
| Q3 25 | $140.2M | $383.8M | ||
| Q2 25 | $103.6M | $297.2M | ||
| Q1 25 | $123.2M | $519.3M | ||
| Q4 24 | $139.9M | $413.4M | ||
| Q3 24 | $57.9M | $427.4M | ||
| Q2 24 | $131.7M | $379.9M | ||
| Q1 24 | $175.4M | $498.6M |
毛利率AKAMPAYX
| Q4 25 | 58.7% | 72.6% | ||
| Q3 25 | 59.3% | 72.3% | ||
| Q2 25 | 59.1% | 71.5% | ||
| Q1 25 | 58.7% | 73.6% | ||
| Q4 24 | 59.4% | 70.4% | ||
| Q3 24 | 59.3% | 70.3% | ||
| Q2 24 | 58.9% | 70.1% | ||
| Q1 24 | 60.0% | 72.8% |
营业利润率AKAMPAYX
| Q4 25 | 8.7% | 38.0% | ||
| Q3 25 | 15.7% | 36.3% | ||
| Q2 25 | 14.5% | 31.2% | ||
| Q1 25 | 15.2% | 47.2% | ||
| Q4 24 | 14.5% | 42.0% | ||
| Q3 24 | 7.0% | 42.7% | ||
| Q2 24 | 15.1% | 38.3% | ||
| Q1 24 | 16.9% | 46.6% |
净利率AKAMPAYX
| Q4 25 | 7.8% | 26.3% | ||
| Q3 25 | 13.3% | 25.7% | ||
| Q2 25 | 9.9% | 21.5% | ||
| Q1 25 | 12.1% | 35.4% | ||
| Q4 24 | 13.7% | 32.3% | ||
| Q3 24 | 5.8% | 33.4% | ||
| Q2 24 | 13.4% | 30.2% | ||
| Q1 24 | 17.8% | 35.7% |
每股收益（稀释后）AKAMPAYX
| Q4 25 | $0.57 | $1.10 | ||
| Q3 25 | $0.97 | $1.06 | ||
| Q2 25 | $0.71 | $0.83 | ||
| Q1 25 | $0.82 | $1.43 | ||
| Q4 24 | $0.92 | $1.14 | ||
| Q3 24 | $0.38 | $1.18 | ||
| Q2 24 | $0.86 | $1.05 | ||
| Q1 24 | $1.11 | $1.38 |
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 | $1.2B | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $5.0B | $3.9B |
| 总资产 | $11.5B | $16.5B |
| 负债/权益比越低杠杆越低 | — | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资AKAMPAYX
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $966.6M | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.7B | $1.7B |
总债务AKAMPAYX
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $798.6M | ||
| Q1 24 | — | — |
股东权益AKAMPAYX
| Q4 25 | $5.0B | $3.9B | ||
| Q3 25 | $4.7B | $4.0B | ||
| Q2 25 | $4.5B | $4.1B | ||
| Q1 25 | $4.6B | $4.1B | ||
| Q4 24 | $4.9B | $3.9B | ||
| Q3 24 | $4.8B | $3.9B | ||
| Q2 24 | $4.8B | $3.8B | ||
| Q1 24 | $4.6B | $3.7B |
总资产AKAMPAYX
| Q4 25 | $11.5B | $16.5B | ||
| Q3 25 | $10.8B | $16.7B | ||
| Q2 25 | $10.5B | $16.6B | ||
| Q1 25 | $10.0B | $11.2B | ||
| Q4 24 | $10.4B | $10.6B | ||
| Q3 24 | $10.2B | $10.5B | ||
| Q2 24 | $10.1B | $10.4B | ||
| Q1 24 | $9.9B | $13.0B |
负债/权益比AKAMPAYX
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| 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 | $366.6M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $234.9M | $382.8M |
| 自由现金流率自由现金流/营收 | 21.5% | 25.5% |
| 资本支出强度资本支出/营收 | 12.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 4.31× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $2.0B |
8季度趋势，按日历期对齐
经营现金流AKAMPAYX
| Q4 25 | $366.6M | $444.9M | ||
| Q3 25 | $441.8M | $718.4M | ||
| Q2 25 | $459.1M | $343.8M | ||
| Q1 25 | $251.2M | $716.0M | ||
| Q4 24 | $343.8M | $295.0M | ||
| Q3 24 | $392.5M | $546.1M | ||
| Q2 24 | $431.0M | $221.7M | ||
| Q1 24 | $351.9M | $671.7M |
自由现金流AKAMPAYX
| Q4 25 | $234.9M | $382.8M | ||
| Q3 25 | $329.1M | $662.5M | ||
| Q2 25 | $313.6M | $283.3M | ||
| Q1 25 | $133.4M | $667.3M | ||
| Q4 24 | $250.9M | $248.0M | ||
| Q3 24 | $279.7M | $510.5M | ||
| Q2 24 | $340.0M | $180.4M | ||
| Q1 24 | $258.1M | $631.0M |
自由现金流率AKAMPAYX
| Q4 25 | 21.5% | 25.5% | ||
| Q3 25 | 31.2% | 44.4% | ||
| Q2 25 | 30.1% | 20.5% | ||
| Q1 25 | 13.1% | 45.5% | ||
| Q4 24 | 24.6% | 19.4% | ||
| Q3 24 | 27.8% | 39.9% | ||
| Q2 24 | 34.7% | 14.4% | ||
| Q1 24 | 26.2% | 45.2% |
资本支出强度AKAMPAYX
| Q4 25 | 12.0% | 4.1% | ||
| Q3 25 | 10.7% | 3.7% | ||
| Q2 25 | 13.9% | 4.4% | ||
| Q1 25 | 11.6% | 3.3% | ||
| Q4 24 | 9.1% | 3.7% | ||
| Q3 24 | 11.2% | 2.8% | ||
| Q2 24 | 9.3% | 3.3% | ||
| Q1 24 | 9.5% | 2.9% |
现金转化率AKAMPAYX
| Q4 25 | 4.31× | 1.13× | ||
| Q3 25 | 3.15× | 1.87× | ||
| Q2 25 | 4.43× | 1.16× | ||
| Q1 25 | 2.04× | 1.38× | ||
| Q4 24 | 2.46× | 0.71× | ||
| Q3 24 | 6.78× | 1.28× | ||
| Q2 24 | 3.27× | 0.58× | ||
| Q1 24 | 2.01× | 1.35× |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
