vs
Dayforce（DAY）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是必能宝的1.0倍（$481.6M vs $477.6M），必能宝净利率更高（5.7% vs -40.9%，领先46.6%），Dayforce同比增速更快（9.5% vs -7.5%），过去两年Dayforce的营收复合增速更高（9.8% vs -4.3%）
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。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
DAY vs PBI — 直观对比
营收规模更大
DAY
是对方的1.0倍
$477.6M
营收增速更快
DAY
高出16.9%
-7.5%
净利率更高
PBI
高出46.6%
-40.9%
两年增速更快
DAY
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $477.6M |
| 净利润 | $-196.8M | $27.3M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 8.0% |
| 净利率 | -40.9% | 5.7% |
| 营收同比 | 9.5% | -7.5% |
| 净利润同比 | -9940.0% | 173.1% |
| 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DAYPBI
| Q4 25 | — | $477.6M | ||
| Q3 25 | $481.6M | $459.7M | ||
| Q2 25 | $464.7M | $461.9M | ||
| Q1 25 | $481.8M | $493.4M | ||
| Q4 24 | $465.2M | $516.1M | ||
| Q3 24 | $440.0M | $499.5M | ||
| Q2 24 | $423.3M | $489.7M | ||
| Q1 24 | $431.5M | $521.3M |
净利润DAYPBI
| Q4 25 | — | $27.3M | ||
| Q3 25 | $-196.8M | $52.0M | ||
| Q2 25 | $21.3M | $30.0M | ||
| Q1 25 | $14.9M | $35.4M | ||
| Q4 24 | $10.8M | $-37.4M | ||
| Q3 24 | $2.0M | $-138.5M | ||
| Q2 24 | $-1.8M | $-24.9M | ||
| Q1 24 | $7.1M | $-2.9M |
毛利率DAYPBI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.0% | 53.8% | ||
| Q3 24 | 45.8% | 52.4% | ||
| Q2 24 | 44.1% | 51.1% | ||
| Q1 24 | 47.6% | 52.3% |
营业利润率DAYPBI
| Q4 25 | — | 8.0% | ||
| Q3 25 | 6.3% | 14.8% | ||
| Q2 25 | 9.1% | 8.5% | ||
| Q1 25 | 6.4% | 9.5% | ||
| Q4 24 | 6.1% | -9.3% | ||
| Q3 24 | 4.7% | -8.8% | ||
| Q2 24 | 3.3% | -1.6% | ||
| Q1 24 | 9.4% | 9.1% |
净利率DAYPBI
| Q4 25 | — | 5.7% | ||
| Q3 25 | -40.9% | 11.3% | ||
| Q2 25 | 4.6% | 6.5% | ||
| Q1 25 | 3.1% | 7.2% | ||
| Q4 24 | 2.3% | -7.2% | ||
| Q3 24 | 0.5% | -27.7% | ||
| Q2 24 | -0.4% | -5.1% | ||
| Q1 24 | 1.6% | -0.6% |
每股收益（稀释后）DAYPBI
| Q4 25 | — | $0.18 | ||
| Q3 25 | $-1.23 | $0.30 | ||
| Q2 25 | $0.13 | $0.17 | ||
| Q1 25 | $0.09 | $0.19 | ||
| Q4 24 | $0.07 | $-0.21 | ||
| Q3 24 | $0.01 | $-0.75 | ||
| Q2 24 | $-0.01 | $-0.14 | ||
| Q1 24 | $0.04 | $-0.02 |
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 | $297.1M |
| 总债务越低越好 | $631.1M | $2.0B |
| 股东权益账面价值 | $2.7B | $-802.4M |
| 总资产 | $8.7B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.23× | — |
8季度趋势，按日历期对齐
现金及短期投资DAYPBI
| Q4 25 | — | $297.1M | ||
| Q3 25 | $627.6M | $336.0M | ||
| Q2 25 | $625.2M | $300.8M | ||
| Q1 25 | $557.3M | $340.0M | ||
| Q4 24 | $579.7M | $486.1M | ||
| Q3 24 | $494.1M | $575.5M | ||
| Q2 24 | $465.4M | $612.0M | ||
| Q1 24 | $392.5M | $538.0M |
总债务DAYPBI
| Q4 25 | — | $2.0B | ||
| Q3 25 | $631.1M | $2.1B | ||
| Q2 25 | $631.8M | $1.9B | ||
| Q1 25 | $632.4M | $1.9B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.2B | $2.1B |
股东权益DAYPBI
| Q4 25 | — | $-802.4M | ||
| Q3 25 | $2.7B | $-661.5M | ||
| Q2 25 | $2.7B | $-536.8M | ||
| Q1 25 | $2.6B | $-535.9M | ||
| Q4 24 | $2.5B | $-578.4M | ||
| Q3 24 | $2.6B | $-518.9M | ||
| Q2 24 | $2.5B | $-427.9M | ||
| Q1 24 | $2.4B | $-392.4M |
总资产DAYPBI
| Q4 25 | — | $3.2B | ||
| Q3 25 | $8.7B | $3.3B | ||
| Q2 25 | $8.5B | $3.2B | ||
| Q1 25 | $9.5B | $3.3B | ||
| Q4 24 | $9.1B | $3.4B | ||
| Q3 24 | $8.1B | $3.6B | ||
| Q2 24 | $9.0B | $4.1B | ||
| Q1 24 | $10.8B | $4.1B |
负债/权益比DAYPBI
| Q4 25 | — | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | — | ||
| 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 | $221.7M |
| 自由现金流经营现金流 - 资本支出 | — | $201.4M |
| 自由现金流率自由现金流/营收 | — | 42.2% |
| 资本支出强度资本支出/营收 | — | 4.2% |
| 现金转化率经营现金流/净利润 | — | 8.11× |
| 过去12个月自由现金流最近4个季度 | — | $317.0M |
8季度趋势，按日历期对齐
经营现金流DAYPBI
| Q4 25 | — | $221.7M | ||
| Q3 25 | $31.2M | $66.8M | ||
| Q2 25 | $112.7M | $111.4M | ||
| Q1 25 | $49.6M | $-16.7M | ||
| Q4 24 | $81.0M | $134.5M | ||
| Q3 24 | $91.8M | $14.7M | ||
| Q2 24 | $99.2M | $92.6M | ||
| Q1 24 | $9.1M | $-12.6M |
自由现金流DAYPBI
| Q4 25 | — | $201.4M | ||
| Q3 25 | — | $51.1M | ||
| Q2 25 | — | $98.0M | ||
| Q1 25 | — | $-33.6M | ||
| Q4 24 | — | $112.3M | ||
| Q3 24 | — | $-4.7M | ||
| Q2 24 | — | $76.1M | ||
| Q1 24 | — | $-26.9M |
自由现金流率DAYPBI
| Q4 25 | — | 42.2% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 21.2% | ||
| Q1 25 | — | -6.8% | ||
| Q4 24 | — | 21.8% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | — | -5.2% |
资本支出强度DAYPBI
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 4.3% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 2.7% |
现金转化率DAYPBI
| Q4 25 | — | 8.11× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | 5.29× | 3.72× | ||
| Q1 25 | 3.33× | -0.47× | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | — |
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% |
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
