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COUSINS PROPERTIES INC（CUZ）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COUSINS PROPERTIES INC的1.9倍（$481.6M vs $255.0M），COUSINS PROPERTIES INC净利率更高（-1.4% vs -40.9%，领先39.5%），COUSINS PROPERTIES INC同比增速更快（13.2% vs 9.5%），过去两年COUSINS PROPERTIES INC的营收复合增速更高（10.4% vs 9.8%）
Cousins Properties是一家公开上市的房地产投资信托（REIT），专注于亚特兰大、夏洛特、奥斯汀、菲尼克斯、坦帕及北卡罗来纳州教堂山的写字楼资产投资。公司曾开发多个知名地标项目，包括亚特兰大的CNN中心、奥姆尼体育馆、桃树中心191号大厦以及埃默里角商业综合体。
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。
CUZ vs DAY — 直观对比
营收规模更大
DAY
是对方的1.9倍
$255.0M
营收增速更快
CUZ
高出3.7%
9.5%
净利率更高
CUZ
高出39.5%
-40.9%
两年增速更快
CUZ
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $255.0M | $481.6M |
| 净利润 | $-3.5M | $-196.8M |
| 毛利率 | 67.4% | — |
| 营业利润率 | 67.5% | 6.3% |
| 净利率 | -1.4% | -40.9% |
| 营收同比 | 13.2% | 9.5% |
| 净利润同比 | -125.4% | -9940.0% |
| 每股收益（稀释后） | $-0.02 | $-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CUZDAY
| Q4 25 | $255.0M | — | ||
| Q3 25 | $248.3M | $481.6M | ||
| Q2 25 | $240.1M | $464.7M | ||
| Q1 25 | $250.3M | $481.8M | ||
| Q4 24 | $225.3M | $465.2M | ||
| Q3 24 | $209.2M | $440.0M | ||
| Q2 24 | $213.0M | $423.3M | ||
| Q1 24 | $209.2M | $431.5M |
净利润CUZDAY
| Q4 25 | $-3.5M | — | ||
| Q3 25 | $8.6M | $-196.8M | ||
| Q2 25 | $14.5M | $21.3M | ||
| Q1 25 | $20.9M | $14.9M | ||
| Q4 24 | $13.6M | $10.8M | ||
| Q3 24 | $11.2M | $2.0M | ||
| Q2 24 | $7.8M | $-1.8M | ||
| Q1 24 | $13.3M | $7.1M |
毛利率CUZDAY
| Q4 25 | 67.4% | — | ||
| Q3 25 | 67.8% | — | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 69.2% | — | ||
| Q4 24 | 67.6% | 47.0% | ||
| Q3 24 | 68.5% | 45.8% | ||
| Q2 24 | 66.8% | 44.1% | ||
| Q1 24 | 66.0% | 47.6% |
营业利润率CUZDAY
| Q4 25 | 67.5% | — | ||
| Q3 25 | 68.1% | 6.3% | ||
| Q2 25 | 69.4% | 9.1% | ||
| Q1 25 | 66.0% | 6.4% | ||
| Q4 24 | 65.8% | 6.1% | ||
| Q3 24 | 67.9% | 4.7% | ||
| Q2 24 | 66.4% | 3.3% | ||
| Q1 24 | 66.3% | 9.4% |
净利率CUZDAY
| Q4 25 | -1.4% | — | ||
| Q3 25 | 3.5% | -40.9% | ||
| Q2 25 | 6.0% | 4.6% | ||
| Q1 25 | 8.3% | 3.1% | ||
| Q4 24 | 6.1% | 2.3% | ||
| Q3 24 | 5.4% | 0.5% | ||
| Q2 24 | 3.7% | -0.4% | ||
| Q1 24 | 6.4% | 1.6% |
每股收益（稀释后）CUZDAY
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $0.05 | $-1.23 | ||
| Q2 25 | $0.09 | $0.13 | ||
| Q1 25 | $0.12 | $0.09 | ||
| Q4 24 | $0.09 | $0.07 | ||
| Q3 24 | $0.07 | $0.01 | ||
| Q2 24 | $0.05 | $-0.01 | ||
| Q1 24 | $0.09 | $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 | $5.7M | $627.6M |
| 总债务越低越好 | $3.3B | $631.1M |
| 股东权益账面价值 | $4.7B | $2.7B |
| 总资产 | $8.9B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.71× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资CUZDAY
| Q4 25 | $5.7M | — | ||
| Q3 25 | $4.7M | $627.6M | ||
| Q2 25 | $416.8M | $625.2M | ||
| Q1 25 | $5.3M | $557.3M | ||
| Q4 24 | $7.3M | $579.7M | ||
| Q3 24 | $76.1M | $494.1M | ||
| Q2 24 | $6.0M | $465.4M | ||
| Q1 24 | $5.5M | $392.5M |
总债务CUZDAY
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.3B | $631.1M | ||
| Q2 25 | $3.5B | $631.8M | ||
| Q1 25 | $3.0B | $632.4M | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.6B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
股东权益CUZDAY
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $4.8B | $2.7B | ||
| Q1 25 | $4.8B | $2.6B | ||
| Q4 24 | $4.8B | $2.5B | ||
| Q3 24 | $4.4B | $2.6B | ||
| Q2 24 | $4.5B | $2.5B | ||
| Q1 24 | $4.5B | $2.4B |
总资产CUZDAY
| Q4 25 | $8.9B | — | ||
| Q3 25 | $8.9B | $8.7B | ||
| Q2 25 | $9.1B | $8.5B | ||
| Q1 25 | $8.7B | $9.5B | ||
| Q4 24 | $8.8B | $9.1B | ||
| Q3 24 | $7.8B | $8.1B | ||
| Q2 24 | $7.7B | $9.0B | ||
| Q1 24 | $7.7B | $10.8B |
负债/权益比CUZDAY
| Q4 25 | 0.71× | — | ||
| Q3 25 | 0.70× | 0.23× | ||
| Q2 25 | 0.73× | 0.23× | ||
| Q1 25 | 0.63× | 0.24× | ||
| Q4 24 | 0.64× | 0.47× | ||
| Q3 24 | 0.60× | 0.47× | ||
| Q2 24 | 0.58× | 0.49× | ||
| Q1 24 | 0.57× | 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 | $402.3M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $135.0M | — |
| 自由现金流率自由现金流/营收 | 53.0% | — |
| 资本支出强度资本支出/营收 | 104.8% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流CUZDAY
| Q4 25 | $402.3M | — | ||
| Q3 25 | $120.5M | $31.2M | ||
| Q2 25 | $122.6M | $112.7M | ||
| Q1 25 | $44.8M | $49.6M | ||
| Q4 24 | $400.2M | $81.0M | ||
| Q3 24 | $117.4M | $91.8M | ||
| Q2 24 | $125.5M | $99.2M | ||
| Q1 24 | $28.3M | $9.1M |
自由现金流CUZDAY
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率CUZDAY
| Q4 25 | 53.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 65.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度CUZDAY
| Q4 25 | 104.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 112.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率CUZDAY
| Q4 25 | — | — | ||
| Q3 25 | 14.03× | — | ||
| Q2 25 | 8.46× | 5.29× | ||
| Q1 25 | 2.14× | 3.33× | ||
| Q4 24 | 29.35× | 7.50× | ||
| Q3 24 | 10.48× | 45.90× | ||
| Q2 24 | 16.01× | — | ||
| Q1 24 | 2.13× | 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
CUZ
| Rental Properties | $253.3M | 99% |
| Fee And Other Revenue | $1.7M | 1% |
| Other | $1.2M | 0% |
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% |
