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Dayforce（DAY）与MSA Safety Inc（MSA）财务数据对比。点击上方公司名可切换其他公司
MSA Safety Inc的季度营收约是Dayforce的1.1倍（$510.9M vs $481.6M），MSA Safety Inc净利率更高（17.0% vs -40.9%，领先57.9%），Dayforce同比增速更快（9.5% vs 2.2%），过去两年MSA Safety Inc的营收复合增速更高（11.2% 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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
DAY vs MSA — 直观对比
营收规模更大
MSA
是对方的1.1倍
$481.6M
营收增速更快
DAY
高出7.2%
2.2%
净利率更高
MSA
高出57.9%
-40.9%
两年增速更快
MSA
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $510.9M |
| 净利润 | $-196.8M | $86.9M |
| 毛利率 | — | 46.9% |
| 营业利润率 | 6.3% | 22.3% |
| 净利率 | -40.9% | 17.0% |
| 营收同比 | 9.5% | 2.2% |
| 净利润同比 | -9940.0% | -1.2% |
| 每股收益（稀释后） | $-1.23 | $2.22 |
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DAYMSA
| Q4 25 | — | $510.9M | ||
| Q3 25 | $481.6M | $468.4M | ||
| Q2 25 | $464.7M | $474.1M | ||
| Q1 25 | $481.8M | $421.3M | ||
| Q4 24 | $465.2M | $499.7M | ||
| Q3 24 | $440.0M | $432.7M | ||
| Q2 24 | $423.3M | $462.5M | ||
| Q1 24 | $431.5M | $413.3M |
净利润DAYMSA
| Q4 25 | — | $86.9M | ||
| Q3 25 | $-196.8M | $69.6M | ||
| Q2 25 | $21.3M | $62.8M | ||
| Q1 25 | $14.9M | $59.6M | ||
| Q4 24 | $10.8M | $87.9M | ||
| Q3 24 | $2.0M | $66.6M | ||
| Q2 24 | $-1.8M | $72.2M | ||
| Q1 24 | $7.1M | $58.1M |
毛利率DAYMSA
| Q4 25 | — | 46.9% | ||
| Q3 25 | — | 46.5% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 45.9% | ||
| Q4 24 | 47.0% | 46.9% | ||
| Q3 24 | 45.8% | 47.9% | ||
| Q2 24 | 44.1% | 48.2% | ||
| Q1 24 | 47.6% | 47.3% |
营业利润率DAYMSA
| Q4 25 | — | 22.3% | ||
| Q3 25 | 6.3% | 20.1% | ||
| Q2 25 | 9.1% | 18.1% | ||
| Q1 25 | 6.4% | 18.5% | ||
| Q4 24 | 6.1% | 23.5% | ||
| Q3 24 | 4.7% | 21.1% | ||
| Q2 24 | 3.3% | 21.6% | ||
| Q1 24 | 9.4% | 19.4% |
净利率DAYMSA
| Q4 25 | — | 17.0% | ||
| Q3 25 | -40.9% | 14.9% | ||
| Q2 25 | 4.6% | 13.2% | ||
| Q1 25 | 3.1% | 14.1% | ||
| Q4 24 | 2.3% | 17.6% | ||
| Q3 24 | 0.5% | 15.4% | ||
| Q2 24 | -0.4% | 15.6% | ||
| Q1 24 | 1.6% | 14.1% |
每股收益（稀释后）DAYMSA
| Q4 25 | — | $2.22 | ||
| Q3 25 | $-1.23 | $1.77 | ||
| Q2 25 | $0.13 | $1.59 | ||
| Q1 25 | $0.09 | $1.51 | ||
| Q4 24 | $0.07 | $2.22 | ||
| Q3 24 | $0.01 | $1.69 | ||
| Q2 24 | $-0.01 | $1.83 | ||
| Q1 24 | $0.04 | $1.47 |
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 | $165.1M |
| 总债务越低越好 | $631.1M | $580.9M |
| 股东权益账面价值 | $2.7B | $1.4B |
| 总资产 | $8.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资DAYMSA
| Q4 25 | — | $165.1M | ||
| Q3 25 | $627.6M | $170.0M | ||
| Q2 25 | $625.2M | $147.0M | ||
| Q1 25 | $557.3M | $170.6M | ||
| Q4 24 | $579.7M | $164.6M | ||
| Q3 24 | $494.1M | $154.4M | ||
| Q2 24 | $465.4M | $146.8M | ||
| Q1 24 | $392.5M | $148.3M |
总债务DAYMSA
| Q4 25 | — | $580.9M | ||
| Q3 25 | $631.1M | $628.6M | ||
| Q2 25 | $631.8M | $679.3M | ||
| Q1 25 | $632.4M | $502.1M | ||
| Q4 24 | $1.2B | $508.0M | ||
| Q3 24 | $1.2B | $554.7M | ||
| Q2 24 | $1.2B | $588.2M | ||
| Q1 24 | $1.2B | $596.2M |
股东权益DAYMSA
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.5B | $1.0B | ||
| Q1 24 | $2.4B | $994.8M |
总资产DAYMSA
| Q4 25 | — | $2.6B | ||
| Q3 25 | $8.7B | $2.6B | ||
| Q2 25 | $8.5B | $2.6B | ||
| Q1 25 | $9.5B | $2.2B | ||
| Q4 24 | $9.1B | $2.2B | ||
| Q3 24 | $8.1B | $2.2B | ||
| Q2 24 | $9.0B | $2.2B | ||
| Q1 24 | $10.8B | $2.2B |
负债/权益比DAYMSA
| Q4 25 | — | 0.42× | ||
| Q3 25 | 0.23× | 0.48× | ||
| Q2 25 | 0.23× | 0.54× | ||
| Q1 25 | 0.24× | 0.42× | ||
| Q4 24 | 0.47× | 0.44× | ||
| Q3 24 | 0.47× | 0.51× | ||
| Q2 24 | 0.49× | 0.57× | ||
| Q1 24 | 0.50× | 0.60× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | — | $106.0M |
| 自由现金流率自由现金流/营收 | — | 20.8% |
| 资本支出强度资本支出/营收 | — | 3.2% |
| 现金转化率经营现金流/净利润 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $295.4M |
8季度趋势，按日历期对齐
经营现金流DAYMSA
| Q4 25 | — | $122.4M | ||
| Q3 25 | $31.2M | $112.5M | ||
| Q2 25 | $112.7M | $67.2M | ||
| Q1 25 | $49.6M | $61.8M | ||
| Q4 24 | $81.0M | $107.9M | ||
| Q3 24 | $91.8M | $84.3M | ||
| Q2 24 | $99.2M | $53.3M | ||
| Q1 24 | $9.1M | $50.9M |
自由现金流DAYMSA
| Q4 25 | — | $106.0M | ||
| Q3 25 | — | $100.5M | ||
| Q2 25 | — | $37.9M | ||
| Q1 25 | — | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $39.7M |
自由现金流率DAYMSA
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 9.6% |
资本支出强度DAYMSA
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 2.7% |
现金转化率DAYMSA
| Q4 25 | — | 1.41× | ||
| Q3 25 | — | 1.62× | ||
| Q2 25 | 5.29× | 1.07× | ||
| Q1 25 | 3.33× | 1.04× | ||
| Q4 24 | 7.50× | 1.23× | ||
| Q3 24 | 45.90× | 1.27× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | 1.28× | 0.88× |
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% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
