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Dayforce（DAY）与First Watch Restaurant Group, Inc.（FWRG）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First Watch Restaurant Group, Inc.的1.5倍（$481.6M vs $316.4M），First Watch Restaurant Group, Inc.同比增速更快（20.2% vs 9.5%），过去两年First Watch Restaurant Group, Inc.的营收复合增速更高（14.2% 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。
该企业原信息存在公司混淆错误，实际First Watch Restaurant Group是美国餐饮集团，主打鲜制早餐、早午餐与午餐，在美国多个州运营自营与特许加盟餐厅，聚焦日间休闲餐饮市场，为消费者提供新鲜健康的美式餐食选择。
DAY vs FWRG — 直观对比
营收规模更大
DAY
是对方的1.5倍
$316.4M
营收增速更快
FWRG
高出10.7%
9.5%
两年增速更快
FWRG
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $316.4M |
| 净利润 | $-196.8M | — |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 2.9% |
| 净利率 | -40.9% | — |
| 营收同比 | 9.5% | 20.2% |
| 净利润同比 | -9940.0% | — |
| 每股收益（稀释后） | $-1.23 | $0.24 |
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DAYFWRG
| Q4 25 | — | $316.4M | ||
| Q3 25 | $481.6M | $316.0M | ||
| Q2 25 | $464.7M | $307.9M | ||
| Q1 25 | $481.8M | $282.2M | ||
| Q4 24 | $465.2M | $263.3M | ||
| Q3 24 | $440.0M | $251.6M | ||
| Q2 24 | $423.3M | $258.6M | ||
| Q1 24 | $431.5M | $242.4M |
净利润DAYFWRG
| Q4 25 | — | — | ||
| Q3 25 | $-196.8M | $3.0M | ||
| Q2 25 | $21.3M | $2.1M | ||
| Q1 25 | $14.9M | $-829.0K | ||
| Q4 24 | $10.8M | — | ||
| Q3 24 | $2.0M | $2.1M | ||
| Q2 24 | $-1.8M | $8.9M | ||
| Q1 24 | $7.1M | $7.2M |
毛利率DAYFWRG
| 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DAYFWRG
| Q4 25 | — | 2.9% | ||
| Q3 25 | 6.3% | 3.2% | ||
| Q2 25 | 9.1% | 2.4% | ||
| Q1 25 | 6.4% | 0.4% | ||
| Q4 24 | 6.1% | 1.5% | ||
| Q3 24 | 4.7% | 2.5% | ||
| Q2 24 | 3.3% | 6.4% | ||
| Q1 24 | 9.4% | 5.1% |
净利率DAYFWRG
| Q4 25 | — | — | ||
| Q3 25 | -40.9% | 0.9% | ||
| Q2 25 | 4.6% | 0.7% | ||
| Q1 25 | 3.1% | -0.3% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | 0.8% | ||
| Q2 24 | -0.4% | 3.4% | ||
| Q1 24 | 1.6% | 3.0% |
每股收益（稀释后）DAYFWRG
| Q4 25 | — | $0.24 | ||
| Q3 25 | $-1.23 | $0.05 | ||
| Q2 25 | $0.13 | $0.03 | ||
| Q1 25 | $0.09 | $-0.01 | ||
| Q4 24 | $0.07 | $0.01 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.01 | $0.14 | ||
| Q1 24 | $0.04 | $0.12 |
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 | $21.2M |
| 总债务越低越好 | $631.1M | $269.1M |
| 股东权益账面价值 | $2.7B | $626.3M |
| 总资产 | $8.7B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.43× |
8季度趋势，按日历期对齐
现金及短期投资DAYFWRG
| Q4 25 | — | $21.2M | ||
| Q3 25 | $627.6M | $20.7M | ||
| Q2 25 | $625.2M | $19.2M | ||
| Q1 25 | $557.3M | $18.6M | ||
| Q4 24 | $579.7M | $33.3M | ||
| Q3 24 | $494.1M | $51.1M | ||
| Q2 24 | $465.4M | $45.1M | ||
| Q1 24 | $392.5M | $43.2M |
总债务DAYFWRG
| Q4 25 | — | $269.1M | ||
| Q3 25 | $631.1M | $251.0M | ||
| Q2 25 | $631.8M | $250.0M | ||
| Q1 25 | $632.4M | $191.5M | ||
| Q4 24 | $1.2B | $189.0M | ||
| Q3 24 | $1.2B | $189.7M | ||
| Q2 24 | $1.2B | $192.1M | ||
| Q1 24 | $1.2B | $122.7M |
股东权益DAYFWRG
| Q4 25 | — | $626.3M | ||
| Q3 25 | $2.7B | $607.3M | ||
| Q2 25 | $2.7B | $601.3M | ||
| Q1 25 | $2.6B | $596.3M | ||
| Q4 24 | $2.5B | $595.4M | ||
| Q3 24 | $2.6B | $589.1M | ||
| Q2 24 | $2.5B | $585.8M | ||
| Q1 24 | $2.4B | $574.4M |
总资产DAYFWRG
| Q4 25 | — | $1.7B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.5B | $1.7B | ||
| Q1 25 | $9.5B | $1.5B | ||
| Q4 24 | $9.1B | $1.5B | ||
| Q3 24 | $8.1B | $1.5B | ||
| Q2 24 | $9.0B | $1.4B | ||
| Q1 24 | $10.8B | $1.3B |
负债/权益比DAYFWRG
| Q4 25 | — | 0.43× | ||
| Q3 25 | 0.23× | 0.41× | ||
| Q2 25 | 0.23× | 0.42× | ||
| Q1 25 | 0.24× | 0.32× | ||
| Q4 24 | 0.47× | 0.32× | ||
| Q3 24 | 0.47× | 0.32× | ||
| Q2 24 | 0.49× | 0.33× | ||
| Q1 24 | 0.50× | 0.21× |
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 | $18.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.3M |
| 自由现金流率自由现金流/营收 | — | -5.8% |
| 资本支出强度资本支出/营收 | — | 11.6% |
| 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 | — | $-31.0M |
8季度趋势，按日历期对齐
经营现金流DAYFWRG
| Q4 25 | — | $18.5M | ||
| Q3 25 | $31.2M | $47.9M | ||
| Q2 25 | $112.7M | $39.4M | ||
| Q1 25 | $49.6M | $20.1M | ||
| Q4 24 | $81.0M | $22.9M | ||
| Q3 24 | $91.8M | $35.9M | ||
| Q2 24 | $99.2M | $31.9M | ||
| Q1 24 | $9.1M | $25.0M |
自由现金流DAYFWRG
| Q4 25 | — | $-18.3M | ||
| Q3 25 | — | $5.5M | ||
| Q2 25 | — | $-1.7M | ||
| Q1 25 | — | $-16.4M | ||
| Q4 24 | — | $-17.7M | ||
| Q3 24 | — | $6.8M | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $-3.6M |
自由现金流率DAYFWRG
| Q4 25 | — | -5.8% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | -0.5% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -1.5% |
资本支出强度DAYFWRG
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 13.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 13.0% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 11.8% |
现金转化率DAYFWRG
| Q4 25 | — | — | ||
| Q3 25 | — | 16.01× | ||
| Q2 25 | 5.29× | 18.72× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | 16.98× | ||
| Q2 24 | — | 3.59× | ||
| Q1 24 | 1.28× | 3.46× |
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% |
FWRG
| In Restaurant Dining Sales | $254.1M | 80% |
| Third Party Delivery Sales | $38.6M | 12% |
| Take Out Sales | $21.3M | 7% |
| Royalty And System Fund Contributions | $2.3M | 1% |
