vs
ASSOCIATED BANC-CORP（ASB）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是ASSOCIATED BANC-CORP的1.3倍（$481.6M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs -40.9%，领先72.1%），过去两年Dayforce的营收复合增速更高（9.8% vs 9.1%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
ASB vs DAY — 直观对比
营收规模更大
DAY
是对方的1.3倍
$383.0M
净利率更高
ASB
高出72.1%
-40.9%
两年增速更快
DAY
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $481.6M |
| 净利润 | $119.6M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 31.2% | -40.9% |
| 营收同比 | — | 9.5% |
| 净利润同比 | 566.6% | -9940.0% |
| 每股收益（稀释后） | $0.70 | $-1.23 |
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ASBDAY
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | — | ||
| Q3 25 | $305.2M | $481.6M | ||
| Q2 25 | $300.0M | $464.7M | ||
| Q1 25 | $285.9M | $481.8M | ||
| Q4 24 | $270.3M | $465.2M | ||
| Q3 24 | $329.7M | $440.0M | ||
| Q2 24 | $321.8M | $423.3M |
净利润ASBDAY
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | — | ||
| Q3 25 | $124.7M | $-196.8M | ||
| Q2 25 | $111.2M | $21.3M | ||
| Q1 25 | $101.7M | $14.9M | ||
| Q4 24 | $-161.6M | $10.8M | ||
| Q3 24 | $88.0M | $2.0M | ||
| Q2 24 | $115.6M | $-1.8M |
毛利率ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% |
营业利润率ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | — | ||
| Q3 25 | 50.5% | 6.3% | ||
| Q2 25 | 46.5% | 9.1% | ||
| Q1 25 | 42.3% | 6.4% | ||
| Q4 24 | -65.8% | 6.1% | ||
| Q3 24 | 32.8% | 4.7% | ||
| Q2 24 | 32.0% | 3.3% |
净利率ASBDAY
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | — | ||
| Q3 25 | 40.9% | -40.9% | ||
| Q2 25 | 37.1% | 4.6% | ||
| Q1 25 | 35.6% | 3.1% | ||
| Q4 24 | -59.8% | 2.3% | ||
| Q3 24 | 26.7% | 0.5% | ||
| Q2 24 | 35.9% | -0.4% |
每股收益（稀释后）ASBDAY
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | — | ||
| Q3 25 | $0.73 | $-1.23 | ||
| Q2 25 | $0.65 | $0.13 | ||
| Q1 25 | $0.59 | $0.09 | ||
| Q4 24 | $-1.10 | $0.07 | ||
| Q3 24 | $0.56 | $0.01 | ||
| Q2 24 | $0.74 | $-0.01 |
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 | — | $627.6M |
| 总债务越低越好 | — | $631.1M |
| 股东权益账面价值 | $5.0B | $2.7B |
| 总资产 | $45.6B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $627.6M | ||
| Q2 25 | — | $625.2M | ||
| Q1 25 | — | $557.3M | ||
| Q4 24 | — | $579.7M | ||
| Q3 24 | — | $494.1M | ||
| Q2 24 | — | $465.4M |
总债务ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $594.1M | $631.1M | ||
| Q2 25 | $593.5M | $631.8M | ||
| Q1 25 | $591.4M | $632.4M | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $844.3M | $1.2B | ||
| Q2 24 | $536.1M | $1.2B |
股东权益ASBDAY
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $4.9B | $2.7B | ||
| Q2 25 | $4.8B | $2.7B | ||
| Q1 25 | $4.7B | $2.6B | ||
| Q4 24 | $4.6B | $2.5B | ||
| Q3 24 | $4.4B | $2.6B | ||
| Q2 24 | $4.2B | $2.5B |
总资产ASBDAY
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | — | ||
| Q3 25 | $44.5B | $8.7B | ||
| Q2 25 | $44.0B | $8.5B | ||
| Q1 25 | $43.3B | $9.5B | ||
| Q4 24 | $43.0B | $9.1B | ||
| Q3 24 | $42.2B | $8.1B | ||
| Q2 24 | $41.6B | $9.0B |
负债/权益比ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.12× | 0.23× | ||
| Q2 25 | 0.12× | 0.23× | ||
| Q1 25 | 0.13× | 0.24× | ||
| Q4 24 | 0.31× | 0.47× | ||
| Q3 24 | 0.19× | 0.47× | ||
| Q2 24 | 0.13× | 0.49× |
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 | — | $31.2M |
| 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 | — | — |
| 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ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | — | ||
| Q3 25 | $158.0M | $31.2M | ||
| Q2 25 | $141.5M | $112.7M | ||
| Q1 25 | $98.2M | $49.6M | ||
| Q4 24 | $207.1M | $81.0M | ||
| Q3 24 | $105.1M | $91.8M | ||
| Q2 24 | $113.5M | $99.2M |
现金转化率ASBDAY
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 1.27× | 5.29× | ||
| Q1 25 | 0.97× | 3.33× | ||
| Q4 24 | — | 7.50× | ||
| Q3 24 | 1.19× | 45.90× | ||
| Q2 24 | 0.98× | — |
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
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
