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Dayforce（DAY）与Loews Corporation（L）财务数据对比。点击上方公司名可切换其他公司
Loews Corporation的季度营收约是Dayforce的1.7倍（$827.0M vs $481.6M），Loews Corporation净利率更高（48.6% vs -40.9%，领先89.5%），Dayforce同比增速更快（9.5% vs 4.8%），过去两年Dayforce的营收复合增速更高（9.8% vs 7.9%）
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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
DAY vs L — 直观对比
营收规模更大
L
是对方的1.7倍
$481.6M
营收增速更快
DAY
高出4.6%
4.8%
净利率更高
L
高出89.5%
-40.9%
两年增速更快
DAY
近两年复合增速
7.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $827.0M |
| 净利润 | $-196.8M | $402.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 65.4% |
| 净利率 | -40.9% | 48.6% |
| 营收同比 | 9.5% | 4.8% |
| 净利润同比 | -9940.0% | 115.0% |
| 每股收益（稀释后） | $-1.23 | $1.93 |
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DAYL
| Q4 25 | — | $827.0M | ||
| Q3 25 | $481.6M | $732.0M | ||
| Q2 25 | $464.7M | $769.0M | ||
| Q1 25 | $481.8M | $846.0M | ||
| Q4 24 | $465.2M | $789.0M | ||
| Q3 24 | $440.0M | $683.0M | ||
| Q2 24 | $423.3M | $711.0M | ||
| Q1 24 | $431.5M | $710.0M |
净利润DAYL
| Q4 25 | — | $402.0M | ||
| Q3 25 | $-196.8M | $504.0M | ||
| Q2 25 | $21.3M | $391.0M | ||
| Q1 25 | $14.9M | $370.0M | ||
| Q4 24 | $10.8M | $187.0M | ||
| Q3 24 | $2.0M | $401.0M | ||
| Q2 24 | $-1.8M | $369.0M | ||
| Q1 24 | $7.1M | $457.0M |
毛利率DAYL
| 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DAYL
| Q4 25 | — | 65.4% | ||
| Q3 25 | 6.3% | 94.1% | ||
| Q2 25 | 9.1% | 70.1% | ||
| Q1 25 | 6.4% | 60.8% | ||
| Q4 24 | 6.1% | 23.8% | ||
| Q3 24 | 4.7% | 80.5% | ||
| Q2 24 | 3.3% | 71.3% | ||
| Q1 24 | 9.4% | 88.6% |
净利率DAYL
| Q4 25 | — | 48.6% | ||
| Q3 25 | -40.9% | 68.9% | ||
| Q2 25 | 4.6% | 50.8% | ||
| Q1 25 | 3.1% | 43.7% | ||
| Q4 24 | 2.3% | 23.7% | ||
| Q3 24 | 0.5% | 58.7% | ||
| Q2 24 | -0.4% | 51.9% | ||
| Q1 24 | 1.6% | 64.4% |
每股收益（稀释后）DAYL
| Q4 25 | — | $1.93 | ||
| Q3 25 | $-1.23 | $2.43 | ||
| Q2 25 | $0.13 | $1.87 | ||
| Q1 25 | $0.09 | $1.74 | ||
| Q4 24 | $0.07 | $0.87 | ||
| Q3 24 | $0.01 | $1.82 | ||
| Q2 24 | $-0.01 | $1.67 | ||
| Q1 24 | $0.04 | $2.05 |
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 | $6.0B |
| 总债务越低越好 | $631.1M | $8.4B |
| 股东权益账面价值 | $2.7B | $18.7B |
| 总资产 | $8.7B | $86.3B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资DAYL
| Q4 25 | — | $6.0B | ||
| Q3 25 | $627.6M | $5.4B | ||
| Q2 25 | $625.2M | $4.5B | ||
| Q1 25 | $557.3M | $4.4B | ||
| Q4 24 | $579.7M | $4.6B | ||
| Q3 24 | $494.1M | $5.2B | ||
| Q2 24 | $465.4M | $4.9B | ||
| Q1 24 | $392.5M | $5.4B |
总债务DAYL
| Q4 25 | — | $8.4B | ||
| Q3 25 | $631.1M | $8.4B | ||
| Q2 25 | $631.8M | $7.9B | ||
| Q1 25 | $632.4M | $8.4B | ||
| Q4 24 | $1.2B | $8.9B | ||
| Q3 24 | $1.2B | $8.8B | ||
| Q2 24 | $1.2B | $8.6B | ||
| Q1 24 | $1.2B | $8.4B |
股东权益DAYL
| Q4 25 | — | $18.7B | ||
| Q3 25 | $2.7B | $18.3B | ||
| Q2 25 | $2.7B | $17.5B | ||
| Q1 25 | $2.6B | $17.2B | ||
| Q4 24 | $2.5B | $17.1B | ||
| Q3 24 | $2.6B | $17.4B | ||
| Q2 24 | $2.5B | $16.4B | ||
| Q1 24 | $2.4B | $16.2B |
总资产DAYL
| Q4 25 | — | $86.3B | ||
| Q3 25 | $8.7B | $85.9B | ||
| Q2 25 | $8.5B | $84.7B | ||
| Q1 25 | $9.5B | $83.1B | ||
| Q4 24 | $9.1B | $81.9B | ||
| Q3 24 | $8.1B | $83.6B | ||
| Q2 24 | $9.0B | $81.1B | ||
| Q1 24 | $10.8B | $80.9B |
负债/权益比DAYL
| Q4 25 | — | 0.45× | ||
| Q3 25 | 0.23× | 0.46× | ||
| Q2 25 | 0.23× | 0.45× | ||
| Q1 25 | 0.24× | 0.49× | ||
| Q4 24 | 0.47× | 0.52× | ||
| Q3 24 | 0.47× | 0.51× | ||
| Q2 24 | 0.49× | 0.52× | ||
| Q1 24 | 0.50× | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | — | $426.0M |
| 自由现金流率自由现金流/营收 | — | 51.5% |
| 资本支出强度资本支出/营收 | — | 23.1% |
| 现金转化率经营现金流/净利润 | — | 1.53× |
| 过去12个月自由现金流最近4个季度 | — | $2.7B |
8季度趋势，按日历期对齐
经营现金流DAYL
| Q4 25 | — | $617.0M | ||
| Q3 25 | $31.2M | $920.0M | ||
| Q2 25 | $112.7M | $1.0B | ||
| Q1 25 | $49.6M | $736.0M | ||
| Q4 24 | $81.0M | $941.0M | ||
| Q3 24 | $91.8M | $934.0M | ||
| Q2 24 | $99.2M | $952.0M | ||
| Q1 24 | $9.1M | $198.0M |
自由现金流DAYL
| Q4 25 | — | $426.0M | ||
| Q3 25 | — | $764.0M | ||
| Q2 25 | — | $872.0M | ||
| Q1 25 | — | $638.0M | ||
| Q4 24 | — | $767.0M | ||
| Q3 24 | — | $794.0M | ||
| Q2 24 | — | $793.0M | ||
| Q1 24 | — | $39.0M |
自由现金流率DAYL
| Q4 25 | — | 51.5% | ||
| Q3 25 | — | 104.4% | ||
| Q2 25 | — | 113.4% | ||
| Q1 25 | — | 75.4% | ||
| Q4 24 | — | 97.2% | ||
| Q3 24 | — | 116.3% | ||
| Q2 24 | — | 111.5% | ||
| Q1 24 | — | 5.5% |
资本支出强度DAYL
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 22.4% | ||
| Q1 24 | — | 22.4% |
现金转化率DAYL
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | 5.29× | 2.57× | ||
| Q1 25 | 3.33× | 1.99× | ||
| Q4 24 | 7.50× | 5.03× | ||
| Q3 24 | 45.90× | 2.33× | ||
| Q2 24 | — | 2.58× | ||
| Q1 24 | 1.28× | 0.43× |
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% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
