vs
Dayforce（DAY）与PEGASYSTEMS INC（PEGA）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PEGASYSTEMS INC的1.1倍（$481.6M vs $430.0M），PEGASYSTEMS INC净利率更高（7.6% vs -40.9%，领先48.5%），Dayforce同比增速更快（9.5% vs -9.6%），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% 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。
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
DAY vs PEGA — 直观对比
营收规模更大
DAY
是对方的1.1倍
$430.0M
营收增速更快
DAY
高出19.1%
-9.6%
净利率更高
PEGA
高出48.5%
-40.9%
两年增速更快
PEGA
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $430.0M |
| 净利润 | $-196.8M | $32.8M |
| 毛利率 | — | 75.2% |
| 营业利润率 | 6.3% | 8.6% |
| 净利率 | -40.9% | 7.6% |
| 营收同比 | 9.5% | -9.6% |
| 净利润同比 | -9940.0% | — |
| 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DAYPEGA
| Q1 26 | — | $430.0M | ||
| Q4 25 | — | $504.3M | ||
| Q3 25 | $481.6M | $381.4M | ||
| Q2 25 | $464.7M | $384.5M | ||
| Q1 25 | $481.8M | $475.6M | ||
| Q4 24 | $465.2M | $490.8M | ||
| Q3 24 | $440.0M | $325.1M | ||
| Q2 24 | $423.3M | $351.2M |
净利润DAYPEGA
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $234.6M | ||
| Q3 25 | $-196.8M | $43.4M | ||
| Q2 25 | $21.3M | $30.1M | ||
| Q1 25 | $14.9M | $85.4M | ||
| Q4 24 | $10.8M | $119.1M | ||
| Q3 24 | $2.0M | $-14.4M | ||
| Q2 24 | $-1.8M | $6.6M |
毛利率DAYPEGA
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | 47.0% | 79.1% | ||
| Q3 24 | 45.8% | 70.2% | ||
| Q2 24 | 44.1% | 72.4% |
营业利润率DAYPEGA
| Q1 26 | — | 8.6% | ||
| Q4 25 | — | 20.7% | ||
| Q3 25 | 6.3% | 3.8% | ||
| Q2 25 | 9.1% | 4.5% | ||
| Q1 25 | 6.4% | 26.7% | ||
| Q4 24 | 6.1% | 29.1% | ||
| Q3 24 | 4.7% | -3.6% | ||
| Q2 24 | 3.3% | 3.7% |
净利率DAYPEGA
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 46.5% | ||
| Q3 25 | -40.9% | 11.4% | ||
| Q2 25 | 4.6% | 7.8% | ||
| Q1 25 | 3.1% | 18.0% | ||
| Q4 24 | 2.3% | 24.3% | ||
| Q3 24 | 0.5% | -4.4% | ||
| Q2 24 | -0.4% | 1.9% |
每股收益（稀释后）DAYPEGA
| Q1 26 | — | $0.18 | ||
| Q4 25 | — | $0.81 | ||
| Q3 25 | $-1.23 | $0.24 | ||
| Q2 25 | $0.13 | $0.17 | ||
| Q1 25 | $0.09 | $0.91 | ||
| Q4 24 | $0.07 | $1.35 | ||
| Q3 24 | $0.01 | $-0.17 | ||
| Q2 24 | $-0.01 | $0.07 |
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 | $270.0M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $705.9M |
| 总资产 | $8.7B | $1.6B |
| 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DAYPEGA
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | $627.6M | $351.4M | ||
| Q2 25 | $625.2M | $411.6M | ||
| Q1 25 | $557.3M | $371.7M | ||
| Q4 24 | $579.7M | $740.0M | ||
| Q3 24 | $494.1M | $703.0M | ||
| Q2 24 | $465.4M | $665.1M |
总债务DAYPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
股东权益DAYPEGA
| Q1 26 | — | $705.9M | ||
| Q4 25 | — | $787.4M | ||
| Q3 25 | $2.7B | $596.8M | ||
| Q2 25 | $2.7B | $624.5M | ||
| Q1 25 | $2.6B | $611.3M | ||
| Q4 24 | $2.5B | $585.5M | ||
| Q3 24 | $2.6B | $473.0M | ||
| Q2 24 | $2.5B | $435.4M |
总资产DAYPEGA
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $8.7B | $1.3B | ||
| Q2 25 | $8.5B | $1.3B | ||
| Q1 25 | $9.5B | $1.3B | ||
| Q4 24 | $9.1B | $1.8B | ||
| Q3 24 | $8.1B | $1.6B | ||
| Q2 24 | $9.0B | $1.5B |
负债/权益比DAYPEGA
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | $206.5M |
| 自由现金流率自由现金流/营收 | — | 48.0% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $494.9M |
8季度趋势，按日历期对齐
经营现金流DAYPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | $158.4M | ||
| Q3 25 | $31.2M | $56.3M | ||
| Q2 25 | $112.7M | $86.3M | ||
| Q1 25 | $49.6M | $204.2M | ||
| Q4 24 | $81.0M | $95.2M | ||
| Q3 24 | $91.8M | $30.5M | ||
| Q2 24 | $99.2M | $40.1M |
自由现金流DAYPEGA
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | — | $84.1M | ||
| Q1 25 | — | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | — | $27.4M | ||
| Q2 24 | — | $38.8M |
自由现金流率DAYPEGA
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 11.1% |
资本支出强度DAYPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% |
现金转化率DAYPEGA
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | 5.29× | 2.87× | ||
| Q1 25 | 3.33× | 2.39× | ||
| Q4 24 | 7.50× | 0.80× | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
