vs
Dayforce（DAY）与IPG PHOTONICS CORP（IPGP）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IPG PHOTONICS CORP的1.8倍（$481.6M vs $274.5M），IPG PHOTONICS CORP净利率更高（4.8% vs -40.9%，领先45.7%），IPG PHOTONICS CORP同比增速更快（17.1% vs 9.5%），过去两年Dayforce的营收复合增速更高（9.8% vs 4.4%）
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。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
DAY vs IPGP — 直观对比
营收规模更大
DAY
是对方的1.8倍
$274.5M
营收增速更快
IPGP
高出7.7%
9.5%
净利率更高
IPGP
高出45.7%
-40.9%
两年增速更快
DAY
近两年复合增速
4.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $274.5M |
| 净利润 | $-196.8M | $13.3M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 6.3% | 1.2% |
| 净利率 | -40.9% | 4.8% |
| 营收同比 | 9.5% | 17.1% |
| 净利润同比 | -9940.0% | 69.8% |
| 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DAYIPGP
| Q4 25 | — | $274.5M | ||
| Q3 25 | $481.6M | $250.8M | ||
| Q2 25 | $464.7M | $250.7M | ||
| Q1 25 | $481.8M | $227.8M | ||
| Q4 24 | $465.2M | $234.3M | ||
| Q3 24 | $440.0M | $233.1M | ||
| Q2 24 | $423.3M | $257.6M | ||
| Q1 24 | $431.5M | $252.0M |
净利润DAYIPGP
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-196.8M | $7.5M | ||
| Q2 25 | $21.3M | $6.6M | ||
| Q1 25 | $14.9M | $3.8M | ||
| Q4 24 | $10.8M | $7.8M | ||
| Q3 24 | $2.0M | $-233.6M | ||
| Q2 24 | $-1.8M | $20.2M | ||
| Q1 24 | $7.1M | $24.1M |
毛利率DAYIPGP
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | 47.0% | 38.6% | ||
| Q3 24 | 45.8% | 23.2% | ||
| Q2 24 | 44.1% | 37.3% | ||
| Q1 24 | 47.6% | 38.7% |
营业利润率DAYIPGP
| Q4 25 | — | 1.2% | ||
| Q3 25 | 6.3% | 3.1% | ||
| Q2 25 | 9.1% | 0.0% | ||
| Q1 25 | 6.4% | 0.8% | ||
| Q4 24 | 6.1% | 6.0% | ||
| Q3 24 | 4.7% | -108.7% | ||
| Q2 24 | 3.3% | 4.7% | ||
| Q1 24 | 9.4% | 7.6% |
净利率DAYIPGP
| Q4 25 | — | 4.8% | ||
| Q3 25 | -40.9% | 3.0% | ||
| Q2 25 | 4.6% | 2.6% | ||
| Q1 25 | 3.1% | 1.6% | ||
| Q4 24 | 2.3% | 3.3% | ||
| Q3 24 | 0.5% | -100.2% | ||
| Q2 24 | -0.4% | 7.8% | ||
| Q1 24 | 1.6% | 9.6% |
每股收益（稀释后）DAYIPGP
| Q4 25 | — | $0.30 | ||
| Q3 25 | $-1.23 | $0.18 | ||
| Q2 25 | $0.13 | $0.16 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $0.07 | $0.27 | ||
| Q3 24 | $0.01 | $-5.33 | ||
| Q2 24 | $-0.01 | $0.45 | ||
| Q1 24 | $0.04 | $0.52 |
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 | $839.3M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $2.1B |
| 总资产 | $8.7B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资DAYIPGP
| Q4 25 | — | $839.3M | ||
| Q3 25 | $627.6M | $870.4M | ||
| Q2 25 | $625.2M | $899.6M | ||
| Q1 25 | $557.3M | $926.9M | ||
| Q4 24 | $579.7M | $930.2M | ||
| Q3 24 | $494.1M | $1.0B | ||
| Q2 24 | $465.4M | $1.1B | ||
| Q1 24 | $392.5M | $1.1B |
总债务DAYIPGP
| Q4 25 | — | — | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益DAYIPGP
| Q4 25 | — | $2.1B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.0B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $2.5B | $2.3B | ||
| Q1 24 | $2.4B | $2.3B |
总资产DAYIPGP
| Q4 25 | — | $2.4B | ||
| Q3 25 | $8.7B | $2.4B | ||
| Q2 25 | $8.5B | $2.4B | ||
| Q1 25 | $9.5B | $2.3B | ||
| Q4 24 | $9.1B | $2.3B | ||
| Q3 24 | $8.1B | $2.4B | ||
| Q2 24 | $9.0B | $2.5B | ||
| Q1 24 | $10.8B | $2.6B |
负债/权益比DAYIPGP
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| 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 | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $10.9M |
| 自由现金流率自由现金流/营收 | — | 4.0% |
| 资本支出强度资本支出/营收 | — | 6.5% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $-3.5M |
8季度趋势，按日历期对齐
经营现金流DAYIPGP
| Q4 25 | — | $28.8M | ||
| Q3 25 | $31.2M | $35.3M | ||
| Q2 25 | $112.7M | $-2.2M | ||
| Q1 25 | $49.6M | $13.4M | ||
| Q4 24 | $81.0M | $73.8M | ||
| Q3 24 | $91.8M | $66.1M | ||
| Q2 24 | $99.2M | $53.5M | ||
| Q1 24 | $9.1M | $54.6M |
自由现金流DAYIPGP
| Q4 25 | — | $10.9M | ||
| Q3 25 | — | $14.6M | ||
| Q2 25 | — | $-17.6M | ||
| Q1 25 | — | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | — | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
自由现金流率DAYIPGP
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | -7.0% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
资本支出强度DAYIPGP
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 6.1% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
现金转化率DAYIPGP
| Q4 25 | — | 2.17× | ||
| Q3 25 | — | 4.73× | ||
| Q2 25 | 5.29× | -0.34× | ||
| Q1 25 | 3.33× | 3.58× | ||
| Q4 24 | 7.50× | 9.44× | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | 1.28× | 2.27× |
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% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
