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CHECK POINT SOFTWARE TECHNOLOGIES LTD（CHKP）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
CHECK POINT SOFTWARE TECHNOLOGIES LTD的季度营收约是Paychex的1.3倍（$2.0B vs $1.5B），CHECK POINT SOFTWARE TECHNOLOGIES LTD净利率更高（38.0% vs 26.3%，领先11.7%），CHECK POINT SOFTWARE TECHNOLOGIES LTD自由现金流更多（$895.5M vs $382.8M）
Check Point软件技术有限公司是以色列知名网络安全企业，业务覆盖全球60余个国家，总部位于以色列特拉维夫，在美国加利福尼亚州红木城设有重要运营据点。公司为全球超过10万家机构提供安全防护，旗下拥有专业安全研究团队，同时是世界经济论坛的合作伙伴。
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。
CHKP vs PAYX — 直观对比
营收规模更大
CHKP
是对方的1.3倍
$1.5B
净利率更高
CHKP
高出11.7%
26.3%
自由现金流更多
CHKP
多$512.7M
$382.8M
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $752.4M | $395.4M |
| 毛利率 | 86.7% | 72.6% |
| 营业利润率 | 30.2% | 38.0% |
| 净利率 | 38.0% | 26.3% |
| 营收同比 | — | 17.4% |
| 净利润同比 | — | -4.4% |
| 每股收益（稀释后） | $6.81 | $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CHKPPAYX
| Q4 25 | — | $1.5B | ||
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.4B |
净利润CHKPPAYX
| Q4 25 | — | $395.4M | ||
| Q3 25 | $752.4M | $383.8M | ||
| Q2 25 | — | $297.2M | ||
| Q1 25 | — | $519.3M | ||
| Q4 24 | — | $413.4M | ||
| Q3 24 | — | $427.4M | ||
| Q2 24 | — | $379.9M | ||
| Q1 24 | — | $498.6M |
毛利率CHKPPAYX
| Q4 25 | — | 72.6% | ||
| Q3 25 | 86.7% | 72.3% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 73.6% | ||
| Q4 24 | — | 70.4% | ||
| Q3 24 | — | 70.3% | ||
| Q2 24 | — | 70.1% | ||
| Q1 24 | — | 72.8% |
营业利润率CHKPPAYX
| Q4 25 | — | 38.0% | ||
| Q3 25 | 30.2% | 36.3% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 42.0% | ||
| Q3 24 | — | 42.7% | ||
| Q2 24 | — | 38.3% | ||
| Q1 24 | — | 46.6% |
净利率CHKPPAYX
| Q4 25 | — | 26.3% | ||
| Q3 25 | 38.0% | 25.7% | ||
| Q2 25 | — | 21.5% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 30.2% | ||
| Q1 24 | — | 35.7% |
每股收益（稀释后）CHKPPAYX
| Q4 25 | — | $1.10 | ||
| Q3 25 | $6.81 | $1.06 | ||
| Q2 25 | — | $0.83 | ||
| Q1 25 | — | $1.43 | ||
| Q4 24 | — | $1.14 | ||
| Q3 24 | — | $1.18 | ||
| Q2 24 | — | $1.05 | ||
| Q1 24 | — | $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 | $619.9M | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $3.1B | $3.9B |
| 总资产 | $5.7B | $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CHKPPAYX
| Q4 25 | — | $1.5B | ||
| Q3 25 | $619.9M | $1.7B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.7B |
总债务CHKPPAYX
| 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CHKPPAYX
| Q4 25 | — | $3.9B | ||
| Q3 25 | $3.1B | $4.0B | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | — | $3.7B |
总资产CHKPPAYX
| Q4 25 | — | $16.5B | ||
| Q3 25 | $5.7B | $16.7B | ||
| Q2 25 | — | $16.6B | ||
| Q1 25 | — | $11.2B | ||
| Q4 24 | — | $10.6B | ||
| Q3 24 | — | $10.5B | ||
| Q2 24 | — | $10.4B | ||
| Q1 24 | — | $13.0B |
负债/权益比CHKPPAYX
| 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 | $914.9M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $895.5M | $382.8M |
| 自由现金流率自由现金流/营收 | 45.2% | 25.5% |
| 资本支出强度资本支出/营收 | 1.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.22× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流CHKPPAYX
| Q4 25 | — | $444.9M | ||
| Q3 25 | $914.9M | $718.4M | ||
| Q2 25 | — | $343.8M | ||
| Q1 25 | — | $716.0M | ||
| Q4 24 | — | $295.0M | ||
| Q3 24 | — | $546.1M | ||
| Q2 24 | — | $221.7M | ||
| Q1 24 | — | $671.7M |
自由现金流CHKPPAYX
| Q4 25 | — | $382.8M | ||
| Q3 25 | $895.5M | $662.5M | ||
| Q2 25 | — | $283.3M | ||
| Q1 25 | — | $667.3M | ||
| Q4 24 | — | $248.0M | ||
| Q3 24 | — | $510.5M | ||
| Q2 24 | — | $180.4M | ||
| Q1 24 | — | $631.0M |
自由现金流率CHKPPAYX
| Q4 25 | — | 25.5% | ||
| Q3 25 | 45.2% | 44.4% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 45.5% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 45.2% |
资本支出强度CHKPPAYX
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.0% | 3.7% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 2.9% |
现金转化率CHKPPAYX
| Q4 25 | — | 1.13× | ||
| Q3 25 | 1.22× | 1.87× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 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
CHKP
| Security subscriptions | $812.0M | 41% |
| Software updates and maintenance | $712.0M | 36% |
| Products and licenses | $337.3M | 17% |
| Other | $119.2M | 6% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
