vs
Dayforce（DAY）与Stride, Inc.（LRN）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是Dayforce的1.3倍（$629.9M vs $481.6M），Stride, Inc.净利率更高（14.1% vs -40.9%，领先54.9%），Dayforce同比增速更快（9.5% vs 2.7%），过去两年Dayforce的营收复合增速更高（9.8% vs 6.9%）
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。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
DAY vs LRN — 直观对比
营收规模更大
LRN
是对方的1.3倍
$481.6M
营收增速更快
DAY
高出6.8%
2.7%
净利率更高
LRN
高出54.9%
-40.9%
两年增速更快
DAY
近两年复合增速
6.9%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $629.9M |
| 净利润 | $-196.8M | $88.5M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 20.5% |
| 净利率 | -40.9% | 14.1% |
| 营收同比 | 9.5% | 2.7% |
| 净利润同比 | -9940.0% | 8.5% |
| 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DAYLRN
| Q3 26 | — | $629.9M | ||
| Q4 25 | — | $631.3M | ||
| Q3 25 | $481.6M | $620.9M | ||
| Q2 25 | $464.7M | $653.6M | ||
| Q1 25 | $481.8M | $613.4M | ||
| Q4 24 | $465.2M | $587.2M | ||
| Q3 24 | $440.0M | $551.1M | ||
| Q2 24 | $423.3M | — |
净利润DAYLRN
| Q3 26 | — | $88.5M | ||
| Q4 25 | — | $99.5M | ||
| Q3 25 | $-196.8M | $68.8M | ||
| Q2 25 | $21.3M | $51.3M | ||
| Q1 25 | $14.9M | $99.3M | ||
| Q4 24 | $10.8M | $96.4M | ||
| Q3 24 | $2.0M | $40.9M | ||
| Q2 24 | $-1.8M | — |
毛利率DAYLRN
| Q3 26 | — | — | ||
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 39.0% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | 47.0% | 40.8% | ||
| Q3 24 | 45.8% | 39.2% | ||
| Q2 24 | 44.1% | — |
营业利润率DAYLRN
| Q3 26 | — | 20.5% | ||
| Q4 25 | — | 23.3% | ||
| Q3 25 | 6.3% | 11.1% | ||
| Q2 25 | 9.1% | 8.7% | ||
| Q1 25 | 6.4% | 21.3% | ||
| Q4 24 | 6.1% | 21.3% | ||
| Q3 24 | 4.7% | 8.6% | ||
| Q2 24 | 3.3% | — |
净利率DAYLRN
| Q3 26 | — | 14.1% | ||
| Q4 25 | — | 15.8% | ||
| Q3 25 | -40.9% | 11.1% | ||
| Q2 25 | 4.6% | 7.9% | ||
| Q1 25 | 3.1% | 16.2% | ||
| Q4 24 | 2.3% | 16.4% | ||
| Q3 24 | 0.5% | 7.4% | ||
| Q2 24 | -0.4% | — |
每股收益（稀释后）DAYLRN
| Q3 26 | — | $1.93 | ||
| Q4 25 | — | $2.12 | ||
| Q3 25 | $-1.23 | $1.40 | ||
| Q2 25 | $0.13 | $0.96 | ||
| Q1 25 | $0.09 | $2.02 | ||
| Q4 24 | $0.07 | $2.03 | ||
| Q3 24 | $0.01 | $0.94 | ||
| Q2 24 | $-0.01 | — |
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 | $614.0M |
| 总债务越低越好 | $631.1M | $417.6M |
| 股东权益账面价值 | $2.7B | $1.6B |
| 总资产 | $8.7B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DAYLRN
| Q3 26 | — | $614.0M | ||
| Q4 25 | — | $625.7M | ||
| Q3 25 | $627.6M | $715.1M | ||
| Q2 25 | $625.2M | $985.3M | ||
| Q1 25 | $557.3M | $723.7M | ||
| Q4 24 | $579.7M | $717.5M | ||
| Q3 24 | $494.1M | $522.2M | ||
| Q2 24 | $465.4M | — |
总债务DAYLRN
| Q3 26 | — | $417.6M | ||
| Q4 25 | — | $417.2M | ||
| Q3 25 | $631.1M | $416.8M | ||
| Q2 25 | $631.8M | $416.3M | ||
| Q1 25 | $632.4M | $415.9M | ||
| Q4 24 | $1.2B | $415.5M | ||
| Q3 24 | $1.2B | $415.1M | ||
| Q2 24 | $1.2B | — |
股东权益DAYLRN
| Q3 26 | — | $1.6B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.5B | — |
总资产DAYLRN
| Q3 26 | — | $2.4B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $8.7B | $2.3B | ||
| Q2 25 | $8.5B | $2.3B | ||
| Q1 25 | $9.5B | $2.2B | ||
| Q4 24 | $9.1B | $2.1B | ||
| Q3 24 | $8.1B | $2.0B | ||
| Q2 24 | $9.0B | — |
负债/权益比DAYLRN
| Q3 26 | — | 0.25× | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | 0.23× | 0.27× | ||
| Q2 25 | 0.23× | 0.28× | ||
| Q1 25 | 0.24× | 0.29× | ||
| Q4 24 | 0.47× | 0.32× | ||
| Q3 24 | 0.47× | 0.34× | ||
| Q2 24 | 0.49× | — |
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 | $117.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DAYLRN
| Q3 26 | — | $117.0M | ||
| Q4 25 | — | $91.8M | ||
| Q3 25 | $31.2M | $-195.8M | ||
| Q2 25 | $112.7M | $298.3M | ||
| Q1 25 | $49.6M | $53.1M | ||
| Q4 24 | $81.0M | $223.4M | ||
| Q3 24 | $91.8M | $-142.0M | ||
| Q2 24 | $99.2M | — |
自由现金流DAYLRN
| Q3 26 | — | — | ||
| Q4 25 | — | $91.6M | ||
| Q3 25 | — | $-196.1M | ||
| Q2 25 | — | $297.9M | ||
| Q1 25 | — | $52.9M | ||
| Q4 24 | — | $222.9M | ||
| Q3 24 | — | $-142.7M | ||
| Q2 24 | — | — |
自由现金流率DAYLRN
| Q3 26 | — | — | ||
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | -31.6% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | -25.9% | ||
| Q2 24 | — | — |
资本支出强度DAYLRN
| Q3 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | — |
现金转化率DAYLRN
| Q3 26 | — | 1.32× | ||
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | -2.85× | ||
| Q2 25 | 5.29× | 5.81× | ||
| Q1 25 | 3.33× | 0.53× | ||
| Q4 24 | 7.50× | 2.32× | ||
| Q3 24 | 45.90× | -3.47× | ||
| Q2 24 | — | — |
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% |
LRN
| General Education | $357.5M | 57% |
| Middle - High School | $259.5M | 41% |
| Adult | $12.9M | 2% |
