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Dayforce（DAY）与Elastic N.V.（ESTC）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Elastic N.V.的1.1倍（$481.6M vs $423.5M），Elastic N.V.净利率更高（-12.1% vs -40.9%，领先28.8%），Elastic N.V.同比增速更快（15.9% vs 9.5%），过去两年Elastic N.V.的营收复合增速更高（13.6% vs 9.8%）
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。
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
DAY vs ESTC — 直观对比
营收规模更大
DAY
是对方的1.1倍
$423.5M
营收增速更快
ESTC
高出6.5%
9.5%
净利率更高
ESTC
高出28.8%
-40.9%
两年增速更快
ESTC
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $423.5M |
| 净利润 | $-196.8M | $-51.3M |
| 毛利率 | — | 75.9% |
| 营业利润率 | 6.3% | -1.9% |
| 净利率 | -40.9% | -12.1% |
| 营收同比 | 9.5% | 15.9% |
| 净利润同比 | -9940.0% | -101.5% |
| 每股收益（稀释后） | $-1.23 | $-0.48 |
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DAYESTC
| Q4 25 | — | $423.5M | ||
| Q3 25 | $481.6M | $415.3M | ||
| Q2 25 | $464.7M | $388.4M | ||
| Q1 25 | $481.8M | $382.1M | ||
| Q4 24 | $465.2M | $365.4M | ||
| Q3 24 | $440.0M | $347.4M | ||
| Q2 24 | $423.3M | $335.0M | ||
| Q1 24 | $431.5M | $328.0M |
净利润DAYESTC
| Q4 25 | — | $-51.3M | ||
| Q3 25 | $-196.8M | $-24.6M | ||
| Q2 25 | $21.3M | $-16.4M | ||
| Q1 25 | $14.9M | $-17.1M | ||
| Q4 24 | $10.8M | $-25.4M | ||
| Q3 24 | $2.0M | $-49.2M | ||
| Q2 24 | $-1.8M | $-41.1M | ||
| Q1 24 | $7.1M | $176.1M |
毛利率DAYESTC
| Q4 25 | — | 75.9% | ||
| Q3 25 | — | 76.7% | ||
| Q2 25 | — | 74.8% | ||
| Q1 25 | — | 74.6% | ||
| Q4 24 | 47.0% | 74.5% | ||
| Q3 24 | 45.8% | 73.6% | ||
| Q2 24 | 44.1% | 73.8% | ||
| Q1 24 | 47.6% | 74.2% |
营业利润率DAYESTC
| Q4 25 | — | -1.9% | ||
| Q3 25 | 6.3% | -2.3% | ||
| Q2 25 | 9.1% | -3.1% | ||
| Q1 25 | 6.4% | -1.2% | ||
| Q4 24 | 6.1% | -1.2% | ||
| Q3 24 | 4.7% | -9.7% | ||
| Q2 24 | 3.3% | -13.6% | ||
| Q1 24 | 9.4% | -8.1% |
净利率DAYESTC
| Q4 25 | — | -12.1% | ||
| Q3 25 | -40.9% | -5.9% | ||
| Q2 25 | 4.6% | -4.2% | ||
| Q1 25 | 3.1% | -4.5% | ||
| Q4 24 | 2.3% | -7.0% | ||
| Q3 24 | 0.5% | -14.2% | ||
| Q2 24 | -0.4% | -12.3% | ||
| Q1 24 | 1.6% | 53.7% |
每股收益（稀释后）DAYESTC
| Q4 25 | — | $-0.48 | ||
| Q3 25 | $-1.23 | $-0.23 | ||
| Q2 25 | $0.13 | $-0.15 | ||
| Q1 25 | $0.09 | $-0.16 | ||
| Q4 24 | $0.07 | $-0.25 | ||
| Q3 24 | $0.01 | $-0.48 | ||
| Q2 24 | $-0.01 | $-0.35 | ||
| Q1 24 | $0.04 | $1.69 |
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 | $1.4B |
| 总债务越低越好 | $631.1M | $570.3M |
| 股东权益账面价值 | $2.7B | $891.1M |
| 总资产 | $8.7B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资DAYESTC
| Q4 25 | — | $1.4B | ||
| Q3 25 | $627.6M | $1.5B | ||
| Q2 25 | $625.2M | $1.4B | ||
| Q1 25 | $557.3M | $584.0M | ||
| Q4 24 | $579.7M | $658.5M | ||
| Q3 24 | $494.1M | $594.9M | ||
| Q2 24 | $465.4M | $1.1B | ||
| Q1 24 | $392.5M | $526.9M |
总债务DAYESTC
| Q4 25 | — | $570.3M | ||
| Q3 25 | $631.1M | $570.0M | ||
| Q2 25 | $631.8M | $569.7M | ||
| Q1 25 | $632.4M | $569.4M | ||
| Q4 24 | $1.2B | $569.2M | ||
| Q3 24 | $1.2B | $568.9M | ||
| Q2 24 | $1.2B | $568.6M | ||
| Q1 24 | $1.2B | $568.3M |
股东权益DAYESTC
| Q4 25 | — | $891.1M | ||
| Q3 25 | $2.7B | $971.4M | ||
| Q2 25 | $2.7B | $927.2M | ||
| Q1 25 | $2.6B | $859.1M | ||
| Q4 24 | $2.5B | $811.5M | ||
| Q3 24 | $2.6B | $759.4M | ||
| Q2 24 | $2.5B | $738.2M | ||
| Q1 24 | $2.4B | $707.8M |
总资产DAYESTC
| Q4 25 | — | $2.5B | ||
| Q3 25 | $8.7B | $2.5B | ||
| Q2 25 | $8.5B | $2.6B | ||
| Q1 25 | $9.5B | $2.3B | ||
| Q4 24 | $9.1B | $2.2B | ||
| Q3 24 | $8.1B | $2.2B | ||
| Q2 24 | $9.0B | $2.2B | ||
| Q1 24 | $10.8B | $2.1B |
负债/权益比DAYESTC
| Q4 25 | — | 0.64× | ||
| Q3 25 | 0.23× | 0.59× | ||
| Q2 25 | 0.23× | 0.61× | ||
| Q1 25 | 0.24× | 0.66× | ||
| Q4 24 | 0.47× | 0.70× | ||
| Q3 24 | 0.47× | 0.75× | ||
| Q2 24 | 0.49× | 0.77× | ||
| Q1 24 | 0.50× | 0.80× |
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 | $26.6M |
| 自由现金流经营现金流 - 资本支出 | — | $26.0M |
| 自由现金流率自由现金流/营收 | — | 6.1% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $302.3M |
8季度趋势，按日历期对齐
经营现金流DAYESTC
| Q4 25 | — | $26.6M | ||
| Q3 25 | $31.2M | $104.8M | ||
| Q2 25 | $112.7M | $87.0M | ||
| Q1 25 | $49.6M | $88.1M | ||
| Q4 24 | $81.0M | $38.4M | ||
| Q3 24 | $91.8M | $52.8M | ||
| Q2 24 | $99.2M | $60.9M | ||
| Q1 24 | $9.1M | $52.4M |
自由现金流DAYESTC
| Q4 25 | — | $26.0M | ||
| Q3 25 | — | $104.2M | ||
| Q2 25 | — | $84.9M | ||
| Q1 25 | — | $87.3M | ||
| Q4 24 | — | $37.7M | ||
| Q3 24 | — | $52.0M | ||
| Q2 24 | — | $60.1M | ||
| Q1 24 | — | $51.3M |
自由现金流率DAYESTC
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 25.1% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | — | 15.6% |
资本支出强度DAYESTC
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.3% |
现金转化率DAYESTC
| 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× | 0.30× |
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% |
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
