vs
Dayforce（DAY）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是Dayforce的1.9倍（$938.6M vs $481.6M），礼恩派净利率更高（2.7% vs -40.9%，领先43.5%），Dayforce同比增速更快（9.5% vs -11.2%），过去两年Dayforce的营收复合增速更高（9.8% vs -7.5%）
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。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
DAY vs LEG — 直观对比
营收规模更大
LEG
是对方的1.9倍
$481.6M
营收增速更快
DAY
高出20.6%
-11.2%
净利率更高
LEG
高出43.5%
-40.9%
两年增速更快
DAY
近两年复合增速
-7.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $938.6M |
| 净利润 | $-196.8M | $25.1M |
| 毛利率 | — | 17.9% |
| 营业利润率 | 6.3% | 2.0% |
| 净利率 | -40.9% | 2.7% |
| 营收同比 | 9.5% | -11.2% |
| 净利润同比 | -9940.0% | 76.8% |
| 每股收益（稀释后） | $-1.23 | $0.18 |
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DAYLEG
| Q4 25 | — | $938.6M | ||
| Q3 25 | $481.6M | $1.0B | ||
| Q2 25 | $464.7M | $1.1B | ||
| Q1 25 | $481.8M | $1.0B | ||
| Q4 24 | $465.2M | $1.1B | ||
| Q3 24 | $440.0M | $1.1B | ||
| Q2 24 | $423.3M | $1.1B | ||
| Q1 24 | $431.5M | $1.1B |
净利润DAYLEG
| Q4 25 | — | $25.1M | ||
| Q3 25 | $-196.8M | $127.1M | ||
| Q2 25 | $21.3M | $52.5M | ||
| Q1 25 | $14.9M | $30.6M | ||
| Q4 24 | $10.8M | $14.2M | ||
| Q3 24 | $2.0M | $44.9M | ||
| Q2 24 | $-1.8M | $-602.2M | ||
| Q1 24 | $7.1M | $31.6M |
毛利率DAYLEG
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | 47.0% | 16.6% | ||
| Q3 24 | 45.8% | 18.2% | ||
| Q2 24 | 44.1% | 16.5% | ||
| Q1 24 | 47.6% | 17.0% |
营业利润率DAYLEG
| Q4 25 | — | 2.0% | ||
| Q3 25 | 6.3% | 14.9% | ||
| Q2 25 | 9.1% | 6.8% | ||
| Q1 25 | 6.4% | 4.4% | ||
| Q4 24 | 6.1% | 2.4% | ||
| Q3 24 | 4.7% | 5.2% | ||
| Q2 24 | 3.3% | -56.2% | ||
| Q1 24 | 9.4% | 3.9% |
净利率DAYLEG
| Q4 25 | — | 2.7% | ||
| Q3 25 | -40.9% | 12.3% | ||
| Q2 25 | 4.6% | 5.0% | ||
| Q1 25 | 3.1% | 3.0% | ||
| Q4 24 | 2.3% | 1.3% | ||
| Q3 24 | 0.5% | 4.1% | ||
| Q2 24 | -0.4% | -53.4% | ||
| Q1 24 | 1.6% | 2.9% |
每股收益（稀释后）DAYLEG
| Q4 25 | — | $0.18 | ||
| Q3 25 | $-1.23 | $0.91 | ||
| Q2 25 | $0.13 | $0.38 | ||
| Q1 25 | $0.09 | $0.22 | ||
| Q4 24 | $0.07 | $0.10 | ||
| Q3 24 | $0.01 | $0.33 | ||
| Q2 24 | $-0.01 | $-4.39 | ||
| Q1 24 | $0.04 | $0.23 |
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 | $587.4M |
| 总债务越低越好 | $631.1M | $1.5B |
| 股东权益账面价值 | $2.7B | $1.0B |
| 总资产 | $8.7B | $3.5B |
| 负债/权益比越低杠杆越低 | 0.23× | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资DAYLEG
| Q4 25 | — | $587.4M | ||
| Q3 25 | $627.6M | $460.7M | ||
| Q2 25 | $625.2M | $368.8M | ||
| Q1 25 | $557.3M | $412.6M | ||
| Q4 24 | $579.7M | $350.2M | ||
| Q3 24 | $494.1M | $277.2M | ||
| Q2 24 | $465.4M | $307.0M | ||
| Q1 24 | $392.5M | $361.3M |
总债务DAYLEG
| Q4 25 | — | $1.5B | ||
| Q3 25 | $631.1M | $1.5B | ||
| Q2 25 | $631.8M | $1.8B | ||
| Q1 25 | $632.4M | $1.9B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.2B | $1.8B |
股东权益DAYLEG
| Q4 25 | — | $1.0B | ||
| Q3 25 | $2.7B | $971.8M | ||
| Q2 25 | $2.7B | $855.0M | ||
| Q1 25 | $2.6B | $746.8M | ||
| Q4 24 | $2.5B | $689.4M | ||
| Q3 24 | $2.6B | $741.0M | ||
| Q2 24 | $2.5B | $667.6M | ||
| Q1 24 | $2.4B | $1.3B |
总资产DAYLEG
| Q4 25 | — | $3.5B | ||
| Q3 25 | $8.7B | $3.5B | ||
| Q2 25 | $8.5B | $3.7B | ||
| Q1 25 | $9.5B | $3.7B | ||
| Q4 24 | $9.1B | $3.7B | ||
| Q3 24 | $8.1B | $3.8B | ||
| Q2 24 | $9.0B | $3.8B | ||
| Q1 24 | $10.8B | $4.6B |
负债/权益比DAYLEG
| Q4 25 | — | 1.46× | ||
| Q3 25 | 0.23× | 1.54× | ||
| Q2 25 | 0.23× | 2.10× | ||
| Q1 25 | 0.24× | 2.59× | ||
| Q4 24 | 0.47× | 2.70× | ||
| Q3 24 | 0.47× | 2.13× | ||
| Q2 24 | 0.49× | 2.55× | ||
| Q1 24 | 0.50× | 1.38× |
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 | $121.5M |
| 自由现金流经营现金流 - 资本支出 | — | $101.9M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | — | 2.1% |
| 现金转化率经营现金流/净利润 | — | 4.84× |
| 过去12个月自由现金流最近4个季度 | — | $281.0M |
8季度趋势，按日历期对齐
经营现金流DAYLEG
| Q4 25 | — | $121.5M | ||
| Q3 25 | $31.2M | $125.9M | ||
| Q2 25 | $112.7M | $84.0M | ||
| Q1 25 | $49.6M | $6.8M | ||
| Q4 24 | $81.0M | $122.3M | ||
| Q3 24 | $91.8M | $95.5M | ||
| Q2 24 | $99.2M | $94.0M | ||
| Q1 24 | $9.1M | $-6.1M |
自由现金流DAYLEG
| Q4 25 | — | $101.9M | ||
| Q3 25 | — | $110.1M | ||
| Q2 25 | — | $75.5M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | — | $100.5M | ||
| Q3 24 | — | $77.1M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $-32.0M |
自由现金流率DAYLEG
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 7.1% | ||
| Q1 25 | — | -0.6% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 7.0% | ||
| Q1 24 | — | -2.9% |
资本支出强度DAYLEG
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 2.4% |
现金转化率DAYLEG
| Q4 25 | — | 4.84× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | 5.29× | 1.60× | ||
| Q1 25 | 3.33× | 0.22× | ||
| Q4 24 | 7.50× | 8.61× | ||
| Q3 24 | 45.90× | 2.13× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | -0.19× |
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% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
