vs
BLACKBAUD INC（BLKB）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BLACKBAUD INC的1.6倍（$481.6M vs $295.3M），BLACKBAUD INC净利率更高（12.4% vs -40.9%，领先53.3%），Dayforce同比增速更快（9.5% vs -2.3%），过去两年Dayforce的营收复合增速更高（9.8% vs 3.0%）
Blackbaud是全球知名的云服务提供商，专注为非营利组织、基金会、企业、教育机构、医疗机构、宗教团体及个人公益推动者提供技术支持，旗下产品覆盖筹款、网站管理、客户关系管理、数据分析、财务管理、票务系统、教育管理等多元场景。
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。
BLKB vs DAY — 直观对比
营收规模更大
DAY
是对方的1.6倍
$295.3M
营收增速更快
DAY
高出11.7%
-2.3%
净利率更高
BLKB
高出53.3%
-40.9%
两年增速更快
DAY
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $481.6M |
| 净利润 | $36.7M | $-196.8M |
| 毛利率 | 58.3% | — |
| 营业利润率 | 20.0% | 6.3% |
| 净利率 | 12.4% | -40.9% |
| 营收同比 | -2.3% | 9.5% |
| 净利润同比 | 110.6% | -9940.0% |
| 每股收益（稀释后） | $0.75 | $-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BLKBDAY
| Q4 25 | $295.3M | — | ||
| Q3 25 | $281.1M | $481.6M | ||
| Q2 25 | $282.0M | $464.7M | ||
| Q1 25 | $269.9M | $481.8M | ||
| Q4 24 | $302.1M | $465.2M | ||
| Q3 24 | $286.6M | $440.0M | ||
| Q2 24 | $287.3M | $423.3M | ||
| Q1 24 | $278.6M | $431.5M |
净利润BLKBDAY
| Q4 25 | $36.7M | — | ||
| Q3 25 | $47.5M | $-196.8M | ||
| Q2 25 | $26.5M | $21.3M | ||
| Q1 25 | $4.3M | $14.9M | ||
| Q4 24 | $-346.4M | $10.8M | ||
| Q3 24 | $18.3M | $2.0M | ||
| Q2 24 | $21.2M | $-1.8M | ||
| Q1 24 | $7.3M | $7.1M |
毛利率BLKBDAY
| Q4 25 | 58.3% | — | ||
| Q3 25 | 59.6% | — | ||
| Q2 25 | 59.7% | — | ||
| Q1 25 | 57.5% | — | ||
| Q4 24 | 53.8% | 47.0% | ||
| Q3 24 | 54.9% | 45.8% | ||
| Q2 24 | 56.0% | 44.1% | ||
| Q1 24 | 54.1% | 47.6% |
营业利润率BLKBDAY
| Q4 25 | 20.0% | — | ||
| Q3 25 | 19.4% | 6.3% | ||
| Q2 25 | 20.3% | 9.1% | ||
| Q1 25 | 7.3% | 6.4% | ||
| Q4 24 | -121.5% | 6.1% | ||
| Q3 24 | 14.4% | 4.7% | ||
| Q2 24 | 14.4% | 3.3% | ||
| Q1 24 | 4.8% | 9.4% |
净利率BLKBDAY
| Q4 25 | 12.4% | — | ||
| Q3 25 | 16.9% | -40.9% | ||
| Q2 25 | 9.4% | 4.6% | ||
| Q1 25 | 1.6% | 3.1% | ||
| Q4 24 | -114.6% | 2.3% | ||
| Q3 24 | 6.4% | 0.5% | ||
| Q2 24 | 7.4% | -0.4% | ||
| Q1 24 | 2.6% | 1.6% |
每股收益（稀释后）BLKBDAY
| Q4 25 | $0.75 | — | ||
| Q3 25 | $0.98 | $-1.23 | ||
| Q2 25 | $0.55 | $0.13 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $-6.82 | $0.07 | ||
| Q3 24 | $0.35 | $0.01 | ||
| Q2 24 | $0.41 | $-0.01 | ||
| Q1 24 | $0.14 | $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 | $38.9M | $627.6M |
| 总债务越低越好 | $1.1B | $631.1M |
| 股东权益账面价值 | $85.1M | $2.7B |
| 总资产 | $2.4B | $8.7B |
| 负债/权益比越低杠杆越低 | 13.06× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资BLKBDAY
| Q4 25 | $38.9M | — | ||
| Q3 25 | $38.3M | $627.6M | ||
| Q2 25 | $41.6M | $625.2M | ||
| Q1 25 | $37.2M | $557.3M | ||
| Q4 24 | $67.6M | $579.7M | ||
| Q3 24 | $34.6M | $494.1M | ||
| Q2 24 | $30.4M | $465.4M | ||
| Q1 24 | $26.4M | $392.5M |
总债务BLKBDAY
| Q4 25 | $1.1B | — | ||
| Q3 25 | — | $631.1M | ||
| Q2 25 | — | $631.8M | ||
| Q1 25 | — | $632.4M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益BLKBDAY
| Q4 25 | $85.1M | — | ||
| Q3 25 | $108.2M | $2.7B | ||
| Q2 25 | $72.7M | $2.7B | ||
| Q1 25 | $17.5M | $2.6B | ||
| Q4 24 | $126.8M | $2.5B | ||
| Q3 24 | $544.8M | $2.6B | ||
| Q2 24 | $577.5M | $2.5B | ||
| Q1 24 | $534.0M | $2.4B |
总资产BLKBDAY
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.1B | $8.7B | ||
| Q2 25 | $2.6B | $8.5B | ||
| Q1 25 | $2.1B | $9.5B | ||
| Q4 24 | $2.5B | $9.1B | ||
| Q3 24 | $2.6B | $8.1B | ||
| Q2 24 | $3.0B | $9.0B | ||
| Q1 24 | $2.5B | $10.8B |
负债/权益比BLKBDAY
| Q4 25 | 13.06× | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 8.50× | 0.47× | ||
| Q3 24 | 1.84× | 0.47× | ||
| Q2 24 | 1.78× | 0.49× | ||
| Q1 24 | — | 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 | $58.0M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $55.0M | — |
| 自由现金流率自由现金流/营收 | 18.6% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 1.58× | — |
| 过去12个月自由现金流最近4个季度 | $257.8M | — |
8季度趋势，按日历期对齐
经营现金流BLKBDAY
| Q4 25 | $58.0M | — | ||
| Q3 25 | $139.2M | $31.2M | ||
| Q2 25 | $66.9M | $112.7M | ||
| Q1 25 | $1.4M | $49.6M | ||
| Q4 24 | $73.6M | $81.0M | ||
| Q3 24 | $104.0M | $91.8M | ||
| Q2 24 | $53.1M | $99.2M | ||
| Q1 24 | $65.3M | $9.1M |
自由现金流BLKBDAY
| Q4 25 | $55.0M | — | ||
| Q3 25 | $135.7M | — | ||
| Q2 25 | $66.3M | — | ||
| Q1 25 | $712.0K | — | ||
| Q4 24 | $73.4M | — | ||
| Q3 24 | $102.9M | — | ||
| Q2 24 | $48.0M | — | ||
| Q1 24 | $64.3M | — |
自由现金流率BLKBDAY
| Q4 25 | 18.6% | — | ||
| Q3 25 | 48.3% | — | ||
| Q2 25 | 23.5% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 16.7% | — | ||
| Q1 24 | 23.1% | — |
资本支出强度BLKBDAY
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 0.4% | — |
现金转化率BLKBDAY
| Q4 25 | 1.58× | — | ||
| Q3 25 | 2.93× | — | ||
| Q2 25 | 2.53× | 5.29× | ||
| Q1 25 | 0.32× | 3.33× | ||
| Q4 24 | — | 7.50× | ||
| Q3 24 | 5.69× | 45.90× | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | 8.94× | 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
BLKB
| Contractual Recurring | $182.7M | 62% |
| Transactional Recurring | $108.0M | 37% |
| One Time Services And Other | $4.5M | 2% |
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% |
