vs
BGC Group, Inc.（BGC）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
BGC Group, Inc.的季度营收约是Dayforce的1.3倍（$638.6M vs $481.6M），BGC Group, Inc.净利率更高（2.3% vs -40.9%，领先43.1%），BGC Group, Inc.同比增速更快（34.4% vs 9.5%），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 9.8%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs DAY — 直观对比
营收规模更大
BGC
是对方的1.3倍
$481.6M
营收增速更快
BGC
高出24.9%
9.5%
净利率更高
BGC
高出43.1%
-40.9%
两年增速更快
BGC
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $481.6M |
| 净利润 | $14.4M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 6.3% |
| 净利率 | 2.3% | -40.9% |
| 营收同比 | 34.4% | 9.5% |
| 净利润同比 | -43.0% | -9940.0% |
| 每股收益（稀释后） | $0.03 | $-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BGCDAY
| Q4 25 | $638.6M | — | ||
| Q3 25 | $620.8M | $481.6M | ||
| Q2 25 | $648.0M | $464.7M | ||
| Q1 25 | $534.6M | $481.8M | ||
| Q4 24 | $475.2M | $465.2M | ||
| Q3 24 | $448.9M | $440.0M | ||
| Q2 24 | $435.0M | $423.3M | ||
| Q1 24 | $453.6M | $431.5M |
净利润BGCDAY
| Q4 25 | $14.4M | — | ||
| Q3 25 | $27.9M | $-196.8M | ||
| Q2 25 | $57.5M | $21.3M | ||
| Q1 25 | $55.2M | $14.9M | ||
| Q4 24 | $25.2M | $10.8M | ||
| Q3 24 | $14.7M | $2.0M | ||
| Q2 24 | $37.8M | $-1.8M | ||
| Q1 24 | $49.2M | $7.1M |
毛利率BGCDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 47.6% |
营业利润率BGCDAY
| Q4 25 | 3.9% | — | ||
| Q3 25 | 5.4% | 6.3% | ||
| Q2 25 | 11.6% | 9.1% | ||
| Q1 25 | 15.0% | 6.4% | ||
| Q4 24 | 5.7% | 6.1% | ||
| Q3 24 | 4.4% | 4.7% | ||
| Q2 24 | 12.7% | 3.3% | ||
| Q1 24 | 15.7% | 9.4% |
净利率BGCDAY
| Q4 25 | 2.3% | — | ||
| Q3 25 | 4.5% | -40.9% | ||
| Q2 25 | 8.9% | 4.6% | ||
| Q1 25 | 10.3% | 3.1% | ||
| Q4 24 | 5.3% | 2.3% | ||
| Q3 24 | 3.3% | 0.5% | ||
| Q2 24 | 8.7% | -0.4% | ||
| Q1 24 | 10.8% | 1.6% |
每股收益（稀释后）BGCDAY
| Q4 25 | $0.03 | — | ||
| Q3 25 | $0.06 | $-1.23 | ||
| Q2 25 | $0.11 | $0.13 | ||
| Q1 25 | $0.11 | $0.09 | ||
| Q4 24 | $0.04 | $0.07 | ||
| Q3 24 | $0.03 | $0.01 | ||
| Q2 24 | $0.08 | $-0.01 | ||
| Q1 24 | $0.10 | $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 | $851.5M | $627.6M |
| 总债务越低越好 | $1.5B | $631.1M |
| 股东权益账面价值 | $972.5M | $2.7B |
| 总资产 | $4.4B | $8.7B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资BGCDAY
| Q4 25 | $851.5M | — | ||
| Q3 25 | $774.9M | $627.6M | ||
| Q2 25 | $827.8M | $625.2M | ||
| Q1 25 | $966.4M | $557.3M | ||
| Q4 24 | $711.6M | $579.7M | ||
| Q3 24 | $563.5M | $494.1M | ||
| Q2 24 | $571.7M | $465.4M | ||
| Q1 24 | $566.8M | $392.5M |
总债务BGCDAY
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.8B | $631.1M | ||
| Q2 25 | $1.8B | $631.8M | ||
| Q1 25 | $1.1B | $632.4M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $945.0M | $1.2B |
股东权益BGCDAY
| Q4 25 | $972.5M | — | ||
| Q3 25 | $965.3M | $2.7B | ||
| Q2 25 | $930.5M | $2.7B | ||
| Q1 25 | $963.8M | $2.6B | ||
| Q4 24 | $898.5M | $2.5B | ||
| Q3 24 | $860.1M | $2.6B | ||
| Q2 24 | $858.1M | $2.5B | ||
| Q1 24 | $912.1M | $2.4B |
总资产BGCDAY
| Q4 25 | $4.4B | — | ||
| Q3 25 | $5.8B | $8.7B | ||
| Q2 25 | $4.9B | $8.5B | ||
| Q1 25 | $4.9B | $9.5B | ||
| Q4 24 | $3.6B | $9.1B | ||
| Q3 24 | $4.4B | $8.1B | ||
| Q2 24 | $4.3B | $9.0B | ||
| Q1 24 | $4.4B | $10.8B |
负债/权益比BGCDAY
| Q4 25 | 1.58× | — | ||
| Q3 25 | 1.90× | 0.23× | ||
| Q2 25 | 1.97× | 0.23× | ||
| Q1 25 | 1.19× | 0.24× | ||
| Q4 24 | 1.27× | 0.47× | ||
| Q3 24 | 1.68× | 0.47× | ||
| Q2 24 | 1.68× | 0.49× | ||
| Q1 24 | 1.04× | 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 | $180.4M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | — |
| 自由现金流率自由现金流/营收 | 27.4% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 12.55× | — |
| 过去12个月自由现金流最近4个季度 | $372.9M | — |
8季度趋势，按日历期对齐
经营现金流BGCDAY
| Q4 25 | $180.4M | — | ||
| Q3 25 | $141.9M | $31.2M | ||
| Q2 25 | $71.2M | $112.7M | ||
| Q1 25 | $839.0K | $49.6M | ||
| Q4 24 | $251.9M | $81.0M | ||
| Q3 24 | $88.3M | $91.8M | ||
| Q2 24 | $-53.0M | $99.2M | ||
| Q1 24 | $28.1M | $9.1M |
自由现金流BGCDAY
| Q4 25 | $175.1M | — | ||
| Q3 25 | $137.2M | — | ||
| Q2 25 | $65.0M | — | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $245.6M | — | ||
| Q3 24 | $78.8M | — | ||
| Q2 24 | $-63.5M | — | ||
| Q1 24 | $24.9M | — |
自由现金流率BGCDAY
| Q4 25 | 27.4% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 10.0% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 51.7% | — | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | -14.6% | — | ||
| Q1 24 | 5.5% | — |
资本支出强度BGCDAY
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 0.7% | — |
现金转化率BGCDAY
| Q4 25 | 12.55× | — | ||
| Q3 25 | 5.09× | — | ||
| Q2 25 | 1.24× | 5.29× | ||
| Q1 25 | 0.02× | 3.33× | ||
| Q4 24 | 9.99× | 7.50× | ||
| Q3 24 | 5.99× | 45.90× | ||
| Q2 24 | -1.40× | — | ||
| Q1 24 | 0.57× | 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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
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% |
