vs
Dayforce（DAY）与FactSet（FDS）财务数据对比。点击上方公司名可切换其他公司
FactSet的季度营收约是Dayforce的1.3倍（$607.6M vs $481.6M），FactSet净利率更高（25.1% vs -40.9%，领先66.0%），Dayforce同比增速更快（9.5% vs 6.9%），过去两年Dayforce的营收复合增速更高（9.8% vs 5.5%）
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。
FactSet是总部位于美国康涅狄格州诺沃克的金融数据与软件企业，为客户提供一体化数据及软件解决方案。2024财年，公司年度订阅价值与专业服务营收合计22亿美元，当前总市值约170亿美元。
DAY vs FDS — 直观对比
营收规模更大
FDS
是对方的1.3倍
$481.6M
营收增速更快
DAY
高出2.6%
6.9%
净利率更高
FDS
高出66.0%
-40.9%
两年增速更快
DAY
近两年复合增速
5.5%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $607.6M |
| 净利润 | $-196.8M | $152.6M |
| 毛利率 | — | 52.6% |
| 营业利润率 | 6.3% | 31.6% |
| 净利率 | -40.9% | 25.1% |
| 营收同比 | 9.5% | 6.9% |
| 净利润同比 | -9940.0% | 1.7% |
| 每股收益（稀释后） | $-1.23 | $4.06 |
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DAYFDS
| Q4 25 | — | $607.6M | ||
| Q3 25 | $481.6M | $596.9M | ||
| Q2 25 | $464.7M | $585.5M | ||
| Q1 25 | $481.8M | $570.7M | ||
| Q4 24 | $465.2M | $568.7M | ||
| Q3 24 | $440.0M | $562.2M | ||
| Q2 24 | $423.3M | $552.7M | ||
| Q1 24 | $431.5M | $545.9M |
净利润DAYFDS
| Q4 25 | — | $152.6M | ||
| Q3 25 | $-196.8M | $153.6M | ||
| Q2 25 | $21.3M | $148.5M | ||
| Q1 25 | $14.9M | $144.9M | ||
| Q4 24 | $10.8M | $150.0M | ||
| Q3 24 | $2.0M | $89.5M | ||
| Q2 24 | $-1.8M | $158.1M | ||
| Q1 24 | $7.1M | $140.9M |
毛利率DAYFDS
| Q4 25 | — | 52.6% | ||
| Q3 25 | — | 51.6% | ||
| Q2 25 | — | 52.1% | ||
| Q1 25 | — | 52.8% | ||
| Q4 24 | 47.0% | 54.5% | ||
| Q3 24 | 45.8% | 54.1% | ||
| Q2 24 | 44.1% | 55.3% | ||
| Q1 24 | 47.6% | 53.3% |
营业利润率DAYFDS
| Q4 25 | — | 31.6% | ||
| Q3 25 | 6.3% | 29.7% | ||
| Q2 25 | 9.1% | 33.2% | ||
| Q1 25 | 6.4% | 32.5% | ||
| Q4 24 | 6.1% | 33.6% | ||
| Q3 24 | 4.7% | 22.7% | ||
| Q2 24 | 3.3% | 36.6% | ||
| Q1 24 | 9.4% | 33.3% |
净利率DAYFDS
| Q4 25 | — | 25.1% | ||
| Q3 25 | -40.9% | 25.7% | ||
| Q2 25 | 4.6% | 25.4% | ||
| Q1 25 | 3.1% | 25.4% | ||
| Q4 24 | 2.3% | 26.4% | ||
| Q3 24 | 0.5% | 15.9% | ||
| Q2 24 | -0.4% | 28.6% | ||
| Q1 24 | 1.6% | 25.8% |
每股收益（稀释后）DAYFDS
| Q4 25 | — | $4.06 | ||
| Q3 25 | $-1.23 | $4.03 | ||
| Q2 25 | $0.13 | $3.87 | ||
| Q1 25 | $0.09 | $3.76 | ||
| Q4 24 | $0.07 | $3.89 | ||
| Q3 24 | $0.01 | $2.33 | ||
| Q2 24 | $-0.01 | $4.09 | ||
| Q1 24 | $0.04 | $3.65 |
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 | $292.7M |
| 总债务越低越好 | $631.1M | $1.4B |
| 股东权益账面价值 | $2.7B | $2.2B |
| 总资产 | $8.7B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资DAYFDS
| Q4 25 | — | $292.7M | ||
| Q3 25 | $627.6M | $355.1M | ||
| Q2 25 | $625.2M | $364.0M | ||
| Q1 25 | $557.3M | $287.0M | ||
| Q4 24 | $579.7M | $358.8M | ||
| Q3 24 | $494.1M | $492.6M | ||
| Q2 24 | $465.4M | $522.0M | ||
| Q1 24 | $392.5M | $450.2M |
总债务DAYFDS
| Q4 25 | — | $1.4B | ||
| Q3 25 | $631.1M | $1.4B | ||
| Q2 25 | $631.8M | $1.4B | ||
| Q1 25 | $632.4M | $1.5B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.5B |
股东权益DAYFDS
| Q4 25 | — | $2.2B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.7B | $2.2B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.5B | $1.9B | ||
| Q1 24 | $2.4B | $1.8B |
总资产DAYFDS
| Q4 25 | — | $4.2B | ||
| Q3 25 | $8.7B | $4.3B | ||
| Q2 25 | $8.5B | $4.3B | ||
| Q1 25 | $9.5B | $4.2B | ||
| Q4 24 | $9.1B | $4.0B | ||
| Q3 24 | $8.1B | $4.1B | ||
| Q2 24 | $9.0B | $4.0B | ||
| Q1 24 | $10.8B | $4.0B |
负债/权益比DAYFDS
| Q4 25 | — | 0.63× | ||
| Q3 25 | 0.23× | 0.63× | ||
| Q2 25 | 0.23× | 0.66× | ||
| Q1 25 | 0.24× | 0.72× | ||
| Q4 24 | 0.47× | 0.68× | ||
| Q3 24 | 0.47× | 0.71× | ||
| Q2 24 | 0.49× | 0.76× | ||
| Q1 24 | 0.50× | 0.83× |
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 | $121.3M |
| 自由现金流经营现金流 - 资本支出 | — | $90.4M |
| 自由现金流率自由现金流/营收 | — | 14.9% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | — | 0.79× |
| 过去12个月自由现金流最近4个季度 | — | $647.4M |
8季度趋势，按日历期对齐
经营现金流DAYFDS
| Q4 25 | — | $121.3M | ||
| Q3 25 | $31.2M | $212.1M | ||
| Q2 25 | $112.7M | $253.8M | ||
| Q1 25 | $49.6M | $174.0M | ||
| Q4 24 | $81.0M | $86.4M | ||
| Q3 24 | $91.8M | $163.2M | ||
| Q2 24 | $99.2M | $238.2M | ||
| Q1 24 | $9.1M | $143.8M |
自由现金流DAYFDS
| Q4 25 | — | $90.4M | ||
| Q3 25 | — | $178.1M | ||
| Q2 25 | — | $228.6M | ||
| Q1 25 | — | $150.2M | ||
| Q4 24 | — | $60.5M | ||
| Q3 24 | — | $137.2M | ||
| Q2 24 | — | $216.9M | ||
| Q1 24 | — | $121.9M |
自由现金流率DAYFDS
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 39.0% | ||
| Q1 25 | — | 26.3% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | — | 24.4% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 22.3% |
资本支出强度DAYFDS
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 4.0% |
现金转化率DAYFDS
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 5.29× | 1.71× | ||
| Q1 25 | 3.33× | 1.20× | ||
| Q4 24 | 7.50× | 0.58× | ||
| Q3 24 | 45.90× | 1.82× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | 1.28× | 1.02× |
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
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% |
FDS
| Americas Segment | $399.7M | 66% |
| EMEA Segment | $149.1M | 25% |
| Asia Pacific Segment | $62.2M | 10% |
