vs
Dayforce（DAY）与GE医疗（DHC）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GE医疗的1.3倍（$481.6M vs $379.6M），GE医疗净利率更高（-5.6% vs -40.9%，领先35.3%），Dayforce同比增速更快（9.5% vs -0.0%），过去两年Dayforce的营收复合增速更高（9.8% vs 1.2%）
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。
GE医疗是一家总部位于美国伊利诺伊州芝加哥市的医疗科技企业，业务涵盖四大板块：医疗影像设备，包括分子成像、CT、核磁共振、妇科健康筛查及X光系统；超声设备；患者护理解决方案，聚焦远程患者监测、麻醉呼吸护理、心脏诊断及婴幼儿护理；此外还涉及医药相关领域，是全球医疗行业的知名企业。
DAY vs DHC — 直观对比
营收规模更大
DAY
是对方的1.3倍
$379.6M
营收增速更快
DAY
高出9.5%
-0.0%
净利率更高
DHC
高出35.3%
-40.9%
两年增速更快
DAY
近两年复合增速
1.2%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $379.6M |
| 净利润 | $-196.8M | $-21.2M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | -12.6% |
| 净利率 | -40.9% | -5.6% |
| 营收同比 | 9.5% | -0.0% |
| 净利润同比 | -9940.0% | 75.7% |
| 每股收益（稀释后） | $-1.23 | $-0.09 |
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DAYDHC
| Q4 25 | — | $379.6M | ||
| Q3 25 | $481.6M | $388.7M | ||
| Q2 25 | $464.7M | $382.7M | ||
| Q1 25 | $481.8M | $386.9M | ||
| Q4 24 | $465.2M | $379.6M | ||
| Q3 24 | $440.0M | $373.6M | ||
| Q2 24 | $423.3M | $371.4M | ||
| Q1 24 | $431.5M | $370.8M |
净利润DAYDHC
| Q4 25 | — | $-21.2M | ||
| Q3 25 | $-196.8M | $-164.0M | ||
| Q2 25 | $21.3M | $-91.6M | ||
| Q1 25 | $14.9M | $-9.0M | ||
| Q4 24 | $10.8M | $-87.4M | ||
| Q3 24 | $2.0M | $-98.7M | ||
| Q2 24 | $-1.8M | $-97.9M | ||
| Q1 24 | $7.1M | $-86.3M |
毛利率DAYDHC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.0% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 44.1% | — | ||
| Q1 24 | 47.6% | — |
营业利润率DAYDHC
| Q4 25 | — | -12.6% | ||
| Q3 25 | 6.3% | -43.4% | ||
| Q2 25 | 9.1% | -24.5% | ||
| Q1 25 | 6.4% | -2.7% | ||
| Q4 24 | 6.1% | -26.1% | ||
| Q3 24 | 4.7% | -26.5% | ||
| Q2 24 | 3.3% | -23.0% | ||
| Q1 24 | 9.4% | -23.7% |
净利率DAYDHC
| Q4 25 | — | -5.6% | ||
| Q3 25 | -40.9% | -42.2% | ||
| Q2 25 | 4.6% | -23.9% | ||
| Q1 25 | 3.1% | -2.3% | ||
| Q4 24 | 2.3% | -23.0% | ||
| Q3 24 | 0.5% | -26.4% | ||
| Q2 24 | -0.4% | -26.3% | ||
| Q1 24 | 1.6% | -23.3% |
每股收益（稀释后）DAYDHC
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $-1.23 | $-0.68 | ||
| Q2 25 | $0.13 | $-0.38 | ||
| Q1 25 | $0.09 | $-0.04 | ||
| Q4 24 | $0.07 | $-0.37 | ||
| Q3 24 | $0.01 | $-0.41 | ||
| Q2 24 | $-0.01 | $-0.41 | ||
| Q1 24 | $0.04 | $-0.36 |
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 | $105.4M |
| 总债务越低越好 | $631.1M | $2.4B |
| 股东权益账面价值 | $2.7B | $1.7B |
| 总资产 | $8.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.23× | 1.47× |
8季度趋势，按日历期对齐
现金及短期投资DAYDHC
| Q4 25 | — | $105.4M | ||
| Q3 25 | $627.6M | $201.4M | ||
| Q2 25 | $625.2M | $141.8M | ||
| Q1 25 | $557.3M | $302.6M | ||
| Q4 24 | $579.7M | $144.6M | ||
| Q3 24 | $494.1M | $256.5M | ||
| Q2 24 | $465.4M | $265.6M | ||
| Q1 24 | $392.5M | $207.1M |
总债务DAYDHC
| Q4 25 | — | $2.4B | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益DAYDHC
| Q4 25 | — | $1.7B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.7B | $1.9B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.6B | $2.0B | ||
| Q2 24 | $2.5B | $2.1B | ||
| Q1 24 | $2.4B | $2.2B |
总资产DAYDHC
| Q4 25 | — | $4.4B | ||
| Q3 25 | $8.7B | $4.7B | ||
| Q2 25 | $8.5B | $4.8B | ||
| Q1 25 | $9.5B | $5.0B | ||
| Q4 24 | $9.1B | $5.1B | ||
| Q3 24 | $8.1B | $5.3B | ||
| Q2 24 | $9.0B | $5.3B | ||
| Q1 24 | $10.8B | $5.3B |
负债/权益比DAYDHC
| Q4 25 | — | 1.47× | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | 1.56× | ||
| 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 | $-19.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-166.4M |
| 自由现金流率自由现金流/营收 | — | -43.8% |
| 资本支出强度资本支出/营收 | — | 38.7% |
| 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 | — | $-280.3M |
8季度趋势，按日历期对齐
经营现金流DAYDHC
| Q4 25 | — | $-19.6M | ||
| Q3 25 | $31.2M | $-49.3M | ||
| Q2 25 | $112.7M | $53.0M | ||
| Q1 25 | $49.6M | $-3.2M | ||
| Q4 24 | $81.0M | $112.2M | ||
| Q3 24 | $91.8M | $21.1M | ||
| Q2 24 | $99.2M | $44.3M | ||
| Q1 24 | $9.1M | $28.6M |
自由现金流DAYDHC
| Q4 25 | — | $-166.4M | ||
| Q3 25 | — | $-89.8M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-42.9M | ||
| Q4 24 | — | $-89.5M | ||
| Q3 24 | — | $-26.1M | ||
| Q2 24 | — | $3.3M | ||
| Q1 24 | — | $-18.1M |
自由现金流率DAYDHC
| Q4 25 | — | -43.8% | ||
| Q3 25 | — | -23.1% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -23.6% | ||
| Q3 24 | — | -7.0% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -4.9% |
资本支出强度DAYDHC
| Q4 25 | — | 38.7% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 53.1% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 11.0% | ||
| Q1 24 | — | 12.6% |
现金转化率DAYDHC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 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
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% |
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
