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Dayforce（DAY）与Madison Square Garden Entertainment Corp.（MSGE）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Madison Square Garden Entertainment Corp.的1.1倍（$481.6M vs $424.8M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs -40.9%，领先62.7%），Madison Square Garden Entertainment Corp.同比增速更快（12.5% vs 9.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% 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。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
DAY vs MSGE — 直观对比
营收规模更大
DAY
是对方的1.1倍
$424.8M
营收增速更快
MSGE
高出3.0%
9.5%
净利率更高
MSGE
高出62.7%
-40.9%
两年增速更快
MSGE
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $424.8M |
| 净利润 | $-196.8M | $92.7M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 38.6% |
| 净利率 | -40.9% | 21.8% |
| 营收同比 | 9.5% | 12.5% |
| 净利润同比 | -9940.0% | 22.2% |
| 每股收益（稀释后） | $-1.23 | $1.94 |
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DAYMSGE
| Q4 25 | — | $424.8M | ||
| Q3 25 | $481.6M | $154.1M | ||
| Q2 25 | $464.7M | $145.1M | ||
| Q1 25 | $481.8M | $206.0M | ||
| Q4 24 | $465.2M | $377.6M | ||
| Q3 24 | $440.0M | $134.1M | ||
| Q2 24 | $423.3M | $177.6M | ||
| Q1 24 | $431.5M | $191.6M |
净利润DAYMSGE
| Q4 25 | — | $92.7M | ||
| Q3 25 | $-196.8M | $-21.7M | ||
| Q2 25 | $21.3M | $-27.2M | ||
| Q1 25 | $14.9M | $8.0M | ||
| Q4 24 | $10.8M | $75.9M | ||
| Q3 24 | $2.0M | $-19.3M | ||
| Q2 24 | $-1.8M | $66.9M | ||
| Q1 24 | $7.1M | $2.8M |
毛利率DAYMSGE
| 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DAYMSGE
| Q4 25 | — | 38.6% | ||
| Q3 25 | 6.3% | -19.3% | ||
| Q2 25 | 9.1% | -17.7% | ||
| Q1 25 | 6.4% | 13.3% | ||
| Q4 24 | 6.1% | 36.8% | ||
| Q3 24 | 4.7% | -13.8% | ||
| Q2 24 | 3.3% | -5.0% | ||
| Q1 24 | 9.4% | 8.8% |
净利率DAYMSGE
| Q4 25 | — | 21.8% | ||
| Q3 25 | -40.9% | -14.0% | ||
| Q2 25 | 4.6% | -18.7% | ||
| Q1 25 | 3.1% | 3.9% | ||
| Q4 24 | 2.3% | 20.1% | ||
| Q3 24 | 0.5% | -14.4% | ||
| Q2 24 | -0.4% | 37.7% | ||
| Q1 24 | 1.6% | 1.5% |
每股收益（稀释后）DAYMSGE
| Q4 25 | — | $1.94 | ||
| Q3 25 | $-1.23 | $-0.46 | ||
| Q2 25 | $0.13 | $-0.56 | ||
| Q1 25 | $0.09 | $0.17 | ||
| Q4 24 | $0.07 | $1.56 | ||
| Q3 24 | $0.01 | $-0.40 | ||
| Q2 24 | $-0.01 | $1.32 | ||
| Q1 24 | $0.04 | $0.06 |
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 | $157.1M |
| 总债务越低越好 | $631.1M | $554.6M |
| 股东权益账面价值 | $2.7B | $36.0M |
| 总资产 | $8.7B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.23× | 15.40× |
8季度趋势，按日历期对齐
现金及短期投资DAYMSGE
| Q4 25 | — | $157.1M | ||
| Q3 25 | $627.6M | $29.9M | ||
| Q2 25 | $625.2M | $43.0M | ||
| Q1 25 | $557.3M | $89.0M | ||
| Q4 24 | $579.7M | $54.9M | ||
| Q3 24 | $494.1M | $37.3M | ||
| Q2 24 | $465.4M | $33.3M | ||
| Q1 24 | $392.5M | $28.0M |
总债务DAYMSGE
| Q4 25 | — | $554.6M | ||
| Q3 25 | $631.1M | $581.7M | ||
| Q2 25 | $631.8M | $568.8M | ||
| Q1 25 | $632.4M | $577.4M | ||
| Q4 24 | $1.2B | $584.7M | ||
| Q3 24 | $1.2B | $647.0M | ||
| Q2 24 | $1.2B | $599.2M | ||
| Q1 24 | $1.2B | $602.5M |
股东权益DAYMSGE
| Q4 25 | — | $36.0M | ||
| Q3 25 | $2.7B | $-65.8M | ||
| Q2 25 | $2.7B | $-13.3M | ||
| Q1 25 | $2.6B | $9.5M | ||
| Q4 24 | $2.5B | $10.3M | ||
| Q3 24 | $2.6B | $-48.7M | ||
| Q2 24 | $2.5B | $-23.2M | ||
| Q1 24 | $2.4B | $-94.6M |
总资产DAYMSGE
| Q4 25 | — | $1.8B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.5B | $1.7B | ||
| Q1 25 | $9.5B | $1.7B | ||
| Q4 24 | $9.1B | $1.6B | ||
| Q3 24 | $8.1B | $1.6B | ||
| Q2 24 | $9.0B | $1.6B | ||
| Q1 24 | $10.8B | $1.5B |
负债/权益比DAYMSGE
| Q4 25 | — | 15.40× | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | 60.61× | ||
| Q4 24 | 0.47× | 56.61× | ||
| 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 | $164.4M |
| 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 | — | 1.77× |
| 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DAYMSGE
| Q4 25 | — | $164.4M | ||
| Q3 25 | $31.2M | $19.8M | ||
| Q2 25 | $112.7M | $-27.0M | ||
| Q1 25 | $49.6M | $56.8M | ||
| Q4 24 | $81.0M | $112.9M | ||
| Q3 24 | $91.8M | $-27.4M | ||
| Q2 24 | $99.2M | $212.0K | ||
| Q1 24 | $9.1M | $5.8M |
现金转化率DAYMSGE
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | 7.07× | ||
| Q4 24 | 7.50× | 1.49× | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | 1.28× | 2.08× |
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% |
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
