vs
Dayforce（DAY）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是Dayforce的1.3倍（$650.1M vs $481.6M），六旗净利率更高（-14.2% vs -40.9%，领先26.7%）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
DAY vs FUN — 直观对比
营收规模更大
FUN
是对方的1.3倍
$481.6M
净利率更高
FUN
高出26.7%
-40.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $650.1M |
| 净利润 | $-196.8M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | 6.3% | -3.8% |
| 净利率 | -40.9% | -14.2% |
| 营收同比 | 9.5% | — |
| 净利润同比 | -9940.0% | — |
| 每股收益（稀释后） | $-1.23 | $-0.93 |
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DAYFUN
| Q4 25 | — | $650.1M | ||
| Q3 25 | $481.6M | $1.3B | ||
| Q2 25 | $464.7M | $930.4M | ||
| Q1 25 | $481.8M | $202.1M | ||
| Q4 24 | $465.2M | — | ||
| Q3 24 | $440.0M | $1.3B | ||
| Q2 24 | $423.3M | $571.6M | ||
| Q1 24 | $431.5M | — |
净利润DAYFUN
| Q4 25 | — | $-92.4M | ||
| Q3 25 | $-196.8M | $-1.2B | ||
| Q2 25 | $21.3M | $-99.6M | ||
| Q1 25 | $14.9M | $-219.7M | ||
| Q4 24 | $10.8M | — | ||
| Q3 24 | $2.0M | $111.0M | ||
| Q2 24 | $-1.8M | $55.6M | ||
| Q1 24 | $7.1M | — |
毛利率DAYFUN
| Q4 25 | — | 91.4% | ||
| Q3 25 | — | 91.6% | ||
| Q2 25 | — | 91.3% | ||
| Q1 25 | — | 89.3% | ||
| Q4 24 | 47.0% | — | ||
| Q3 24 | 45.8% | 91.9% | ||
| Q2 24 | 44.1% | 90.7% | ||
| Q1 24 | 47.6% | — |
营业利润率DAYFUN
| Q4 25 | — | -3.8% | ||
| Q3 25 | 6.3% | -83.7% | ||
| Q2 25 | 9.1% | 8.0% | ||
| Q1 25 | 6.4% | -158.9% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 4.7% | 19.5% | ||
| Q2 24 | 3.3% | 21.6% | ||
| Q1 24 | 9.4% | — |
净利率DAYFUN
| Q4 25 | — | -14.2% | ||
| Q3 25 | -40.9% | -90.1% | ||
| Q2 25 | 4.6% | -10.7% | ||
| Q1 25 | 3.1% | -108.7% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | 8.2% | ||
| Q2 24 | -0.4% | 9.7% | ||
| Q1 24 | 1.6% | — |
每股收益（稀释后）DAYFUN
| Q4 25 | — | $-0.93 | ||
| Q3 25 | $-1.23 | $-11.77 | ||
| Q2 25 | $0.13 | $-0.99 | ||
| Q1 25 | $0.09 | $-2.20 | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.01 | $1.10 | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $0.04 | — |
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 | $91.1M |
| 总债务越低越好 | $631.1M | $5.2B |
| 股东权益账面价值 | $2.7B | $549.8M |
| 总资产 | $8.7B | $7.8B |
| 负债/权益比越低杠杆越低 | 0.23× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资DAYFUN
| Q4 25 | — | $91.1M | ||
| Q3 25 | $627.6M | $70.7M | ||
| Q2 25 | $625.2M | $107.4M | ||
| Q1 25 | $557.3M | $61.5M | ||
| Q4 24 | $579.7M | — | ||
| Q3 24 | $494.1M | $89.7M | ||
| Q2 24 | $465.4M | $52.9M | ||
| Q1 24 | $392.5M | — |
总债务DAYFUN
| Q4 25 | — | $5.2B | ||
| Q3 25 | $631.1M | $5.0B | ||
| Q2 25 | $631.8M | $5.3B | ||
| Q1 25 | $632.4M | $5.0B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $4.6B | ||
| Q2 24 | $1.2B | $2.3B | ||
| Q1 24 | $1.2B | — |
股东权益DAYFUN
| Q4 25 | — | $549.8M | ||
| Q3 25 | $2.7B | $614.3M | ||
| Q2 25 | $2.7B | $1.8B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.4B | — |
总资产DAYFUN
| Q4 25 | — | $7.8B | ||
| Q3 25 | $8.7B | $7.9B | ||
| Q2 25 | $8.5B | $9.5B | ||
| Q1 25 | $9.5B | $9.2B | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $8.1B | $9.4B | ||
| Q2 24 | $9.0B | $2.3B | ||
| Q1 24 | $10.8B | — |
负债/权益比DAYFUN
| Q4 25 | — | 9.40× | ||
| Q3 25 | 0.23× | 8.16× | ||
| Q2 25 | 0.23× | 2.97× | ||
| Q1 25 | 0.24× | 2.75× | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | 1.95× | ||
| 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 | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-109.3M |
| 自由现金流率自由现金流/营收 | — | -16.8% |
| 资本支出强度资本支出/营收 | — | 11.0% |
| 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 | — | $-152.2M |
8季度趋势，按日历期对齐
经营现金流DAYFUN
| Q4 25 | — | $-37.7M | ||
| Q3 25 | $31.2M | $356.2M | ||
| Q2 25 | $112.7M | $187.0M | ||
| Q1 25 | $49.6M | $-178.0M | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $91.8M | $337.4M | ||
| Q2 24 | $99.2M | — | ||
| Q1 24 | $9.1M | — |
自由现金流DAYFUN
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $256.2M | ||
| Q2 25 | — | $18.8M | ||
| Q1 25 | — | $-318.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $227.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DAYFUN
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | -157.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 16.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DAYFUN
| Q4 25 | — | 11.0% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | — | 18.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DAYFUN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | 3.04× | ||
| 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% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
