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Dayforce（DAY）与DROPBOX, INC.（DBX）财务数据对比。点击上方公司名可切换其他公司
DROPBOX, INC.的季度营收约是Dayforce的1.3倍（$636.2M vs $481.6M），DROPBOX, INC.净利率更高（17.1% vs -40.9%，领先57.9%），Dayforce同比增速更快（9.5% vs -1.1%），过去两年Dayforce的营收复合增速更高（9.8% vs 0.4%）
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。
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
DAY vs DBX — 直观对比
营收规模更大
DBX
是对方的1.3倍
$481.6M
营收增速更快
DAY
高出10.6%
-1.1%
净利率更高
DBX
高出57.9%
-40.9%
两年增速更快
DAY
近两年复合增速
0.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $636.2M |
| 净利润 | $-196.8M | $108.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | 6.3% | 25.5% |
| 净利率 | -40.9% | 17.1% |
| 营收同比 | 9.5% | -1.1% |
| 净利润同比 | -9940.0% | 5.7% |
| 每股收益（稀释后） | $-1.23 | $0.43 |
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DAYDBX
| Q4 25 | — | $636.2M | ||
| Q3 25 | $481.6M | $634.4M | ||
| Q2 25 | $464.7M | $625.7M | ||
| Q1 25 | $481.8M | $624.7M | ||
| Q4 24 | $465.2M | $643.6M | ||
| Q3 24 | $440.0M | $638.8M | ||
| Q2 24 | $423.3M | $634.5M | ||
| Q1 24 | $431.5M | $631.3M |
净利润DAYDBX
| Q4 25 | — | $108.7M | ||
| Q3 25 | $-196.8M | $123.8M | ||
| Q2 25 | $21.3M | $125.6M | ||
| Q1 25 | $14.9M | $150.3M | ||
| Q4 24 | $10.8M | $102.8M | ||
| Q3 24 | $2.0M | $106.7M | ||
| Q2 24 | $-1.8M | $110.5M | ||
| Q1 24 | $7.1M | $132.3M |
毛利率DAYDBX
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.8% | ||
| Q2 25 | — | 80.2% | ||
| Q1 25 | — | 81.3% | ||
| Q4 24 | 47.0% | 81.2% | ||
| Q3 24 | 45.8% | 82.5% | ||
| Q2 24 | 44.1% | 83.1% | ||
| Q1 24 | 47.6% | 83.2% |
营业利润率DAYDBX
| Q4 25 | — | 25.5% | ||
| Q3 25 | 6.3% | 27.5% | ||
| Q2 25 | 9.1% | 26.9% | ||
| Q1 25 | 6.4% | 29.4% | ||
| Q4 24 | 6.1% | 13.7% | ||
| Q3 24 | 4.7% | 20.0% | ||
| Q2 24 | 3.3% | 20.0% | ||
| Q1 24 | 9.4% | 22.7% |
净利率DAYDBX
| Q4 25 | — | 17.1% | ||
| Q3 25 | -40.9% | 19.5% | ||
| Q2 25 | 4.6% | 20.1% | ||
| Q1 25 | 3.1% | 24.1% | ||
| Q4 24 | 2.3% | 16.0% | ||
| Q3 24 | 0.5% | 16.7% | ||
| Q2 24 | -0.4% | 17.4% | ||
| Q1 24 | 1.6% | 21.0% |
每股收益（稀释后）DAYDBX
| Q4 25 | — | $0.43 | ||
| Q3 25 | $-1.23 | $0.47 | ||
| Q2 25 | $0.13 | $0.45 | ||
| Q1 25 | $0.09 | $0.51 | ||
| Q4 24 | $0.07 | $0.33 | ||
| Q3 24 | $0.01 | $0.34 | ||
| Q2 24 | $-0.01 | $0.34 | ||
| Q1 24 | $0.04 | $0.39 |
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 | $627.6M | $891.3M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $-1.8B |
| 总资产 | $8.7B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资DAYDBX
| Q4 25 | — | $891.3M | ||
| Q3 25 | $627.6M | $730.7M | ||
| Q2 25 | $625.2M | $736.3M | ||
| Q1 25 | $557.3M | $942.2M | ||
| Q4 24 | $579.7M | $1.3B | ||
| Q3 24 | $494.1M | $517.6M | ||
| Q2 24 | $465.4M | $515.1M | ||
| Q1 24 | $392.5M | $548.9M |
总债务DAYDBX
| Q4 25 | — | — | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益DAYDBX
| Q4 25 | — | $-1.8B | ||
| Q3 25 | $2.7B | $-1.5B | ||
| Q2 25 | $2.7B | $-1.3B | ||
| Q1 25 | $2.6B | $-1.1B | ||
| Q4 24 | $2.5B | $-752.4M | ||
| Q3 24 | $2.6B | $-546.1M | ||
| Q2 24 | $2.5B | $-371.3M | ||
| Q1 24 | $2.4B | $-277.2M |
总资产DAYDBX
| Q4 25 | — | $2.8B | ||
| Q3 25 | $8.7B | $2.8B | ||
| Q2 25 | $8.5B | $2.8B | ||
| Q1 25 | $9.5B | $3.0B | ||
| Q4 24 | $9.1B | $3.3B | ||
| Q3 24 | $8.1B | $2.6B | ||
| Q2 24 | $9.0B | $2.7B | ||
| Q1 24 | $10.8B | $2.8B |
负债/权益比DAYDBX
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 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 | $31.2M | $235.4M |
| 自由现金流经营现金流 - 资本支出 | — | $224.9M |
| 自由现金流率自由现金流/营收 | — | 35.4% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $930.8M |
8季度趋势，按日历期对齐
经营现金流DAYDBX
| Q4 25 | — | $235.4M | ||
| Q3 25 | $31.2M | $302.1M | ||
| Q2 25 | $112.7M | $260.5M | ||
| Q1 25 | $49.6M | $153.8M | ||
| Q4 24 | $81.0M | $213.8M | ||
| Q3 24 | $91.8M | $274.2M | ||
| Q2 24 | $99.2M | $230.6M | ||
| Q1 24 | $9.1M | $175.5M |
自由现金流DAYDBX
| Q4 25 | — | $224.9M | ||
| Q3 25 | — | $293.7M | ||
| Q2 25 | — | $258.5M | ||
| Q1 25 | — | $153.7M | ||
| Q4 24 | — | $210.5M | ||
| Q3 24 | — | $270.1M | ||
| Q2 24 | — | $224.7M | ||
| Q1 24 | — | $166.3M |
自由现金流率DAYDBX
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 46.3% | ||
| Q2 25 | — | 41.3% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 42.3% | ||
| Q2 24 | — | 35.4% | ||
| Q1 24 | — | 26.3% |
资本支出强度DAYDBX
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.5% |
现金转化率DAYDBX
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | 5.29× | 2.07× | ||
| Q1 25 | 3.33× | 1.02× | ||
| Q4 24 | 7.50× | 2.08× | ||
| Q3 24 | 45.90× | 2.57× | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | 1.28× | 1.33× |
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
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% |
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
