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Corpay（CPAY）与SS&C Technologies Holdings Inc（SSNC）财务数据对比。点击上方公司名可切换其他公司
SS&C Technologies Holdings Inc的季度营收约是Corpay的1.3倍（$1.6B vs $1.2B），Corpay净利率更高（21.2% vs 13.7%，领先7.5%），Corpay同比增速更快（20.7% vs 8.8%），过去两年Corpay的营收复合增速更高（15.5% vs 6.5%）
Corpay总部位于美国佐治亚州亚特兰大，是专业的支付与支出管理服务提供商，旗下系统及服务可帮助客户高效管控采购、支付全流程的相关费用，核心业务覆盖车辆相关支出、住宿支出及企业支付三大领域。
SS&C Technologies Holdings Inc.是总部位于美国康涅狄格州温莎的跨国控股企业，面向金融服务行业提供专业软件及软件即服务（SaaS）解决方案，业务覆盖全球，在美洲、欧洲、亚洲、非洲及澳洲均设有办公网点。
CPAY vs SSNC — 直观对比
营收规模更大
SSNC
是对方的1.3倍
$1.2B
营收增速更快
CPAY
高出11.9%
8.8%
净利率更高
CPAY
高出7.5%
13.7%
两年增速更快
CPAY
近两年复合增速
6.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $264.5M | $226.1M |
| 毛利率 | — | 48.7% |
| 营业利润率 | 45.2% | 24.2% |
| 净利率 | 21.2% | 13.7% |
| 营收同比 | 20.7% | 8.8% |
| 净利润同比 | 7.5% | 6.2% |
| 每股收益（稀释后） | $3.74 | $0.91 |
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CPAYSSNC
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.7B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $975.7M | $1.5B |
净利润CPAYSSNC
| Q1 26 | — | $226.1M | ||
| Q4 25 | $264.5M | $193.1M | ||
| Q3 25 | $277.9M | $210.0M | ||
| Q2 25 | $284.2M | $180.8M | ||
| Q1 25 | $243.2M | $213.0M | ||
| Q4 24 | $246.0M | $248.2M | ||
| Q3 24 | $276.4M | $164.4M | ||
| Q2 24 | $251.6M | $190.3M |
毛利率CPAYSSNC
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
营业利润率CPAYSSNC
| Q1 26 | — | 24.2% | ||
| Q4 25 | 45.2% | 22.3% | ||
| Q3 25 | 44.6% | 23.3% | ||
| Q2 25 | 43.5% | 22.4% | ||
| Q1 25 | 42.5% | 23.6% | ||
| Q4 24 | 47.2% | 23.4% | ||
| Q3 24 | 45.5% | 22.2% | ||
| Q2 24 | 44.4% | 22.6% |
净利率CPAYSSNC
| Q1 26 | — | 13.7% | ||
| Q4 25 | 21.2% | 11.7% | ||
| Q3 25 | 23.7% | 13.4% | ||
| Q2 25 | 25.8% | 11.8% | ||
| Q1 25 | 24.2% | 14.1% | ||
| Q4 24 | 23.8% | 16.2% | ||
| Q3 24 | 26.9% | 11.2% | ||
| Q2 24 | 25.8% | 13.1% |
每股收益（稀释后）CPAYSSNC
| Q1 26 | — | $0.91 | ||
| Q4 25 | $3.74 | $0.76 | ||
| Q3 25 | $3.91 | $0.83 | ||
| Q2 25 | $3.98 | $0.72 | ||
| Q1 25 | $3.40 | $0.84 | ||
| Q4 24 | $3.43 | $0.98 | ||
| Q3 24 | $3.90 | $0.65 | ||
| Q2 24 | $3.52 | $0.75 |
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 | $2.4B | $420.9M |
| 总债务越低越好 | $10.0B | $7.4B |
| 股东权益账面价值 | $3.9B | $6.9B |
| 总资产 | $26.4B | $20.3B |
| 负债/权益比越低杠杆越低 | 2.58× | 1.08× |
8季度趋势，按日历期对齐
现金及短期投资CPAYSSNC
| Q1 26 | — | $420.9M | ||
| Q4 25 | $2.4B | $462.1M | ||
| Q3 25 | $2.0B | $388.3M | ||
| Q2 25 | $2.2B | $480.3M | ||
| Q1 25 | $1.6B | $515.0M | ||
| Q4 24 | $1.6B | $567.1M | ||
| Q3 24 | $1.3B | $694.7M | ||
| Q2 24 | $1.4B | $462.7M |
总债务CPAYSSNC
| Q1 26 | — | $7.4B | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.2B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CPAYSSNC
| Q1 26 | — | $6.9B | ||
| Q4 25 | $3.9B | $6.9B | ||
| Q3 25 | $4.1B | $6.9B | ||
| Q2 25 | $3.9B | $6.9B | ||
| Q1 25 | $3.5B | $6.8B | ||
| Q4 24 | $3.1B | $6.5B | ||
| Q3 24 | $3.1B | $6.8B | ||
| Q2 24 | $2.8B | $6.4B |
总资产CPAYSSNC
| Q1 26 | — | $20.3B | ||
| Q4 25 | $26.4B | $20.7B | ||
| Q3 25 | $19.7B | $19.5B | ||
| Q2 25 | $20.4B | $19.0B | ||
| Q1 25 | $18.5B | $20.4B | ||
| Q4 24 | $18.0B | $19.0B | ||
| Q3 24 | $17.6B | $18.4B | ||
| Q2 24 | $16.2B | $16.9B |
负债/权益比CPAYSSNC
| Q1 26 | — | 1.08× | ||
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.07× | — | ||
| Q1 25 | 2.37× | — | ||
| Q4 24 | 2.56× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $812.7M | $299.7M |
| 自由现金流经营现金流 - 资本支出 | $760.3M | — |
| 自由现金流率自由现金流/营收 | 60.9% | — |
| 资本支出强度资本支出/营收 | 4.2% | 0.0% |
| 现金转化率经营现金流/净利润 | 3.07× | 1.33× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流CPAYSSNC
| Q1 26 | — | $299.7M | ||
| Q4 25 | $812.7M | $643.5M | ||
| Q3 25 | $-378.9M | $456.2M | ||
| Q2 25 | $1.1B | $372.9M | ||
| Q1 25 | $-74.2M | $272.2M | ||
| Q4 24 | $648.7M | $486.6M | ||
| Q3 24 | $400.8M | $336.6M | ||
| Q2 24 | $540.9M | $384.9M |
自由现金流CPAYSSNC
| Q1 26 | — | — | ||
| Q4 25 | $760.3M | $633.0M | ||
| Q3 25 | $-429.8M | $421.5M | ||
| Q2 25 | $1.1B | $350.0M | ||
| Q1 25 | $-118.9M | $259.5M | ||
| Q4 24 | $604.6M | $466.9M | ||
| Q3 24 | $355.0M | $310.7M | ||
| Q2 24 | $496.8M | $374.9M |
自由现金流率CPAYSSNC
| Q1 26 | — | — | ||
| Q4 25 | 60.9% | 38.3% | ||
| Q3 25 | -36.7% | 26.9% | ||
| Q2 25 | 98.7% | 22.8% | ||
| Q1 25 | -11.8% | 17.1% | ||
| Q4 24 | 58.4% | 30.5% | ||
| Q3 24 | 34.5% | 21.2% | ||
| Q2 24 | 50.9% | 25.8% |
资本支出强度CPAYSSNC
| Q1 26 | — | 0.0% | ||
| Q4 25 | 4.2% | 0.6% | ||
| Q3 25 | 4.3% | 2.2% | ||
| Q2 25 | 4.8% | 1.5% | ||
| Q1 25 | 4.5% | 0.8% | ||
| Q4 24 | 4.3% | 1.3% | ||
| Q3 24 | 4.4% | 1.8% | ||
| Q2 24 | 4.5% | 0.7% |
现金转化率CPAYSSNC
| Q1 26 | — | 1.33× | ||
| Q4 25 | 3.07× | 3.33× | ||
| Q3 25 | -1.36× | 2.17× | ||
| Q2 25 | 4.01× | 2.06× | ||
| Q1 25 | -0.30× | 1.28× | ||
| Q4 24 | 2.64× | 1.96× | ||
| Q3 24 | 1.45× | 2.05× | ||
| Q2 24 | 2.15× | 2.02× |
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
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
