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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
BRIGHT HORIZONS FAMILY SOLUTIONS INC.的季度营收约是Dayforce的1.5倍（$733.7M vs $481.6M），Dayforce同比增速更快（9.5% vs 8.8%），过去两年Dayforce的营收复合增速更高（9.8% vs 8.5%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs DAY — 直观对比
营收规模更大
BFAM
是对方的1.5倍
$481.6M
营收增速更快
DAY
高出0.6%
8.8%
两年增速更快
DAY
近两年复合增速
8.5%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $481.6M |
| 净利润 | — | $-196.8M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 6.3% |
| 净利率 | — | -40.9% |
| 营收同比 | 8.8% | 9.5% |
| 净利润同比 | — | -9940.0% |
| 每股收益（稀释后） | $0.38 | $-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BFAMDAY
| Q4 25 | $733.7M | — | ||
| Q3 25 | $802.8M | $481.6M | ||
| Q2 25 | $731.6M | $464.7M | ||
| Q1 25 | $665.5M | $481.8M | ||
| Q4 24 | $674.1M | $465.2M | ||
| Q3 24 | $719.1M | $440.0M | ||
| Q2 24 | $670.1M | $423.3M | ||
| Q1 24 | $622.7M | $431.5M |
净利润BFAMDAY
| Q4 25 | — | — | ||
| Q3 25 | $78.6M | $-196.8M | ||
| Q2 25 | $54.8M | $21.3M | ||
| Q1 25 | $38.0M | $14.9M | ||
| Q4 24 | — | $10.8M | ||
| Q3 24 | $54.9M | $2.0M | ||
| Q2 24 | $39.2M | $-1.8M | ||
| Q1 24 | $17.0M | $7.1M |
毛利率BFAMDAY
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | 47.0% | ||
| Q3 24 | 25.2% | 45.8% | ||
| Q2 24 | 24.2% | 44.1% | ||
| Q1 24 | 21.7% | 47.6% |
营业利润率BFAMDAY
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | 6.3% | ||
| Q2 25 | 11.8% | 9.1% | ||
| Q1 25 | 9.4% | 6.4% | ||
| Q4 24 | 7.2% | 6.1% | ||
| Q3 24 | 12.4% | 4.7% | ||
| Q2 24 | 10.3% | 3.3% | ||
| Q1 24 | 6.4% | 9.4% |
净利率BFAMDAY
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | -40.9% | ||
| Q2 25 | 7.5% | 4.6% | ||
| Q1 25 | 5.7% | 3.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | 7.6% | 0.5% | ||
| Q2 24 | 5.8% | -0.4% | ||
| Q1 24 | 2.7% | 1.6% |
每股收益（稀释后）BFAMDAY
| Q4 25 | $0.38 | — | ||
| Q3 25 | $1.37 | $-1.23 | ||
| Q2 25 | $0.95 | $0.13 | ||
| Q1 25 | $0.66 | $0.09 | ||
| Q4 24 | $0.50 | $0.07 | ||
| Q3 24 | $0.94 | $0.01 | ||
| Q2 24 | $0.67 | $-0.01 | ||
| Q1 24 | $0.29 | $0.04 |
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 | $140.1M | $627.6M |
| 总债务越低越好 | $747.6M | $631.1M |
| 股东权益账面价值 | $1.3B | $2.7B |
| 总资产 | $3.9B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资BFAMDAY
| Q4 25 | $140.1M | — | ||
| Q3 25 | $116.6M | $627.6M | ||
| Q2 25 | $179.2M | $625.2M | ||
| Q1 25 | $112.0M | $557.3M | ||
| Q4 24 | $110.3M | $579.7M | ||
| Q3 24 | $109.9M | $494.1M | ||
| Q2 24 | $140.2M | $465.4M | ||
| Q1 24 | $63.7M | $392.5M |
总债务BFAMDAY
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | $631.1M | ||
| Q2 25 | $797.0M | $631.8M | ||
| Q1 25 | $872.7M | $632.4M | ||
| Q4 24 | $918.4M | $1.2B | ||
| Q3 24 | $925.7M | $1.2B | ||
| Q2 24 | $931.9M | $1.2B | ||
| Q1 24 | $938.1M | $1.2B |
股东权益BFAMDAY
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.3B | $2.5B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.3B | $2.5B | ||
| Q1 24 | $1.2B | $2.4B |
总资产BFAMDAY
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | $8.7B | ||
| Q2 25 | $3.9B | $8.5B | ||
| Q1 25 | $3.8B | $9.5B | ||
| Q4 24 | $3.9B | $9.1B | ||
| Q3 24 | $3.9B | $8.1B | ||
| Q2 24 | $3.8B | $9.0B | ||
| Q1 24 | $3.8B | $10.8B |
负债/权益比BFAMDAY
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | 0.23× | ||
| Q2 25 | 0.57× | 0.23× | ||
| Q1 25 | 0.66× | 0.24× | ||
| Q4 24 | 0.72× | 0.47× | ||
| Q3 24 | 0.66× | 0.47× | ||
| Q2 24 | 0.73× | 0.49× | ||
| Q1 24 | 0.76× | 0.50× |
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 | $350.7M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | — |
| 自由现金流率自由现金流/营收 | 35.2% | — |
| 资本支出强度资本支出/营收 | 12.6% | — |
| 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 | $402.4M | — |
8季度趋势，按日历期对齐
经营现金流BFAMDAY
| Q4 25 | $350.7M | — | ||
| Q3 25 | $-17.6M | $31.2M | ||
| Q2 25 | $134.2M | $112.7M | ||
| Q1 25 | $86.2M | $49.6M | ||
| Q4 24 | $337.5M | $81.0M | ||
| Q3 24 | $-8.9M | $91.8M | ||
| Q2 24 | $109.4M | $99.2M | ||
| Q1 24 | $116.3M | $9.1M |
自由现金流BFAMDAY
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | — | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $70.9M | — | ||
| Q4 24 | $240.2M | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | $86.8M | — | ||
| Q1 24 | $96.9M | — |
自由现金流率BFAMDAY
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | 15.8% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | -4.5% | — | ||
| Q2 24 | 13.0% | — | ||
| Q1 24 | 15.6% | — |
资本支出强度BFAMDAY
| Q4 25 | 12.6% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.1% | — |
现金转化率BFAMDAY
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | 5.29× | ||
| Q1 25 | 2.26× | 3.33× | ||
| Q4 24 | — | 7.50× | ||
| Q3 24 | -0.16× | 45.90× | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | 1.28× |
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
BFAM
暂无分部数据
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% |
