vs
Dayforce（DAY）与Forestar Group Inc.（FOR）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Forestar Group Inc.的1.8倍（$481.6M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -40.9%，领先46.5%），Dayforce同比增速更快（9.5% vs 9.0%），过去两年Dayforce的营收复合增速更高（9.8% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
DAY vs FOR — 直观对比
营收规模更大
DAY
是对方的1.8倍
$273.0M
营收增速更快
DAY
高出0.4%
9.0%
净利率更高
FOR
高出46.5%
-40.9%
两年增速更快
DAY
近两年复合增速
-9.6%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $273.0M |
| 净利润 | $-196.8M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 6.3% | 7.6% |
| 净利率 | -40.9% | 5.6% |
| 营收同比 | 9.5% | 9.0% |
| 净利润同比 | -9940.0% | -6.7% |
| 每股收益（稀释后） | $-1.23 | $0.30 |
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DAYFOR
| Q4 25 | — | $273.0M | ||
| Q3 25 | $481.6M | $670.5M | ||
| Q2 25 | $464.7M | $390.5M | ||
| Q1 25 | $481.8M | $351.0M | ||
| Q4 24 | $465.2M | $250.4M | ||
| Q3 24 | $440.0M | $551.3M | ||
| Q2 24 | $423.3M | $318.4M | ||
| Q1 24 | $431.5M | $333.8M |
净利润DAYFOR
| Q4 25 | — | $15.4M | ||
| Q3 25 | $-196.8M | $86.9M | ||
| Q2 25 | $21.3M | $32.9M | ||
| Q1 25 | $14.9M | $31.6M | ||
| Q4 24 | $10.8M | $16.5M | ||
| Q3 24 | $2.0M | $81.5M | ||
| Q2 24 | $-1.8M | $38.7M | ||
| Q1 24 | $7.1M | $45.0M |
毛利率DAYFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | 47.0% | 22.0% | ||
| Q3 24 | 45.8% | 23.9% | ||
| Q2 24 | 44.1% | 22.5% | ||
| Q1 24 | 47.6% | 24.9% |
营业利润率DAYFOR
| Q4 25 | — | 7.6% | ||
| Q3 25 | 6.3% | 16.9% | ||
| Q2 25 | 9.1% | 11.2% | ||
| Q1 25 | 6.4% | 11.6% | ||
| Q4 24 | 6.1% | 8.7% | ||
| Q3 24 | 4.7% | 19.7% | ||
| Q2 24 | 3.3% | 16.2% | ||
| Q1 24 | 9.4% | 17.6% |
净利率DAYFOR
| Q4 25 | — | 5.6% | ||
| Q3 25 | -40.9% | 13.0% | ||
| Q2 25 | 4.6% | 8.4% | ||
| Q1 25 | 3.1% | 9.0% | ||
| Q4 24 | 2.3% | 6.6% | ||
| Q3 24 | 0.5% | 14.8% | ||
| Q2 24 | -0.4% | 12.2% | ||
| Q1 24 | 1.6% | 13.5% |
每股收益（稀释后）DAYFOR
| Q4 25 | — | $0.30 | ||
| Q3 25 | $-1.23 | $1.70 | ||
| Q2 25 | $0.13 | $0.65 | ||
| Q1 25 | $0.09 | $0.62 | ||
| Q4 24 | $0.07 | $0.32 | ||
| Q3 24 | $0.01 | $1.59 | ||
| Q2 24 | $-0.01 | $0.76 | ||
| Q1 24 | $0.04 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $631.1M | $793.2M |
| 股东权益账面价值 | $2.7B | $1.8B |
| 总资产 | $8.7B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资DAYFOR
| Q4 25 | — | $211.7M | ||
| Q3 25 | $627.6M | $379.2M | ||
| Q2 25 | $625.2M | $189.2M | ||
| Q1 25 | $557.3M | $174.3M | ||
| Q4 24 | $579.7M | $132.0M | ||
| Q3 24 | $494.1M | $481.2M | ||
| Q2 24 | $465.4M | $359.2M | ||
| Q1 24 | $392.5M | $416.2M |
总债务DAYFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | $631.1M | $802.7M | ||
| Q2 25 | $631.8M | $872.8M | ||
| Q1 25 | $632.4M | $872.5M | ||
| Q4 24 | $1.2B | $806.8M | ||
| Q3 24 | $1.2B | $706.4M | ||
| Q2 24 | $1.2B | $706.1M | ||
| Q1 24 | $1.2B | $705.7M |
股东权益DAYFOR
| Q4 25 | — | $1.8B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.7B | $1.7B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $2.5B | $1.5B | ||
| Q1 24 | $2.4B | $1.5B |
总资产DAYFOR
| Q4 25 | — | $3.2B | ||
| Q3 25 | $8.7B | $3.1B | ||
| Q2 25 | $8.5B | $3.1B | ||
| Q1 25 | $9.5B | $3.0B | ||
| Q4 24 | $9.1B | $3.0B | ||
| Q3 24 | $8.1B | $2.8B | ||
| Q2 24 | $9.0B | $2.7B | ||
| Q1 24 | $10.8B | $2.6B |
负债/权益比DAYFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | 0.23× | 0.45× | ||
| Q2 25 | 0.23× | 0.52× | ||
| Q1 25 | 0.24× | 0.53× | ||
| Q4 24 | 0.47× | 0.50× | ||
| Q3 24 | 0.47× | 0.44× | ||
| Q2 24 | 0.49× | 0.47× | ||
| Q1 24 | 0.50× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-157.1M |
| 自由现金流率自由现金流/营收 | — | -57.5% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.0M |
8季度趋势，按日历期对齐
经营现金流DAYFOR
| Q4 25 | — | $-157.0M | ||
| Q3 25 | $31.2M | $256.3M | ||
| Q2 25 | $112.7M | $15.8M | ||
| Q1 25 | $49.6M | $-19.8M | ||
| Q4 24 | $81.0M | $-450.0M | ||
| Q3 24 | $91.8M | $119.2M | ||
| Q2 24 | $99.2M | $-61.7M | ||
| Q1 24 | $9.1M | $-59.2M |
自由现金流DAYFOR
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M | ||
| Q1 24 | — | $-59.8M |
自由现金流率DAYFOR
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% | ||
| Q1 24 | — | -17.9% |
资本支出强度DAYFOR
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
现金转化率DAYFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 5.29× | 0.48× | ||
| Q1 25 | 3.33× | -0.63× | ||
| Q4 24 | 7.50× | -27.27× | ||
| Q3 24 | 45.90× | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | 1.28× | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
