vs
Dayforce（DAY）与PIPER SANDLER COMPANIES（PIPR）财务数据对比。点击上方公司名可切换其他公司
PIPER SANDLER COMPANIES的季度营收约是Dayforce的1.4倍（$667.0M vs $481.6M），PIPER SANDLER COMPANIES净利率更高（17.1% vs -40.9%，领先58.0%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs 9.5%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% 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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
DAY vs PIPR — 直观对比
营收规模更大
PIPR
是对方的1.4倍
$481.6M
营收增速更快
PIPR
高出28.0%
9.5%
净利率更高
PIPR
高出58.0%
-40.9%
两年增速更快
PIPR
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $667.0M |
| 净利润 | $-196.8M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 28.3% |
| 净利率 | -40.9% | 17.1% |
| 营收同比 | 9.5% | 37.4% |
| 净利润同比 | -9940.0% | 65.0% |
| 每股收益（稀释后） | $-1.23 | $6.41 |
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DAYPIPR
| Q4 25 | — | $667.0M | ||
| Q3 25 | $481.6M | $480.1M | ||
| Q2 25 | $464.7M | $398.6M | ||
| Q1 25 | $481.8M | $358.6M | ||
| Q4 24 | $465.2M | $485.4M | ||
| Q3 24 | $440.0M | $360.9M | ||
| Q2 24 | $423.3M | $340.8M | ||
| Q1 24 | $431.5M | $344.4M |
净利润DAYPIPR
| Q4 25 | — | $114.0M | ||
| Q3 25 | $-196.8M | $60.3M | ||
| Q2 25 | $21.3M | $42.2M | ||
| Q1 25 | $14.9M | $64.9M | ||
| Q4 24 | $10.8M | $69.1M | ||
| Q3 24 | $2.0M | $34.8M | ||
| Q2 24 | $-1.8M | $34.8M | ||
| Q1 24 | $7.1M | $42.5M |
毛利率DAYPIPR
| 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DAYPIPR
| Q4 25 | — | 28.3% | ||
| Q3 25 | 6.3% | 22.4% | ||
| Q2 25 | 9.1% | 12.3% | ||
| Q1 25 | 6.4% | 8.2% | ||
| Q4 24 | 6.1% | 16.9% | ||
| Q3 24 | 4.7% | 15.4% | ||
| Q2 24 | 3.3% | 8.3% | ||
| Q1 24 | 9.4% | 15.2% |
净利率DAYPIPR
| Q4 25 | — | 17.1% | ||
| Q3 25 | -40.9% | 12.6% | ||
| Q2 25 | 4.6% | 10.6% | ||
| Q1 25 | 3.1% | 18.1% | ||
| Q4 24 | 2.3% | 14.2% | ||
| Q3 24 | 0.5% | 9.6% | ||
| Q2 24 | -0.4% | 10.2% | ||
| Q1 24 | 1.6% | 12.3% |
每股收益（稀释后）DAYPIPR
| Q4 25 | — | $6.41 | ||
| Q3 25 | $-1.23 | $3.38 | ||
| Q2 25 | $0.13 | $2.38 | ||
| Q1 25 | $0.09 | $3.65 | ||
| Q4 24 | $0.07 | $3.88 | ||
| Q3 24 | $0.01 | $1.96 | ||
| Q2 24 | $-0.01 | $1.97 | ||
| Q1 24 | $0.04 | $2.43 |
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 | — |
| 总债务越低越好 | $631.1M | — |
| 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× | — |
8季度趋势，按日历期对齐
现金及短期投资DAYPIPR
| Q4 25 | — | — | ||
| Q3 25 | $627.6M | — | ||
| Q2 25 | $625.2M | — | ||
| Q1 25 | $557.3M | — | ||
| Q4 24 | $579.7M | — | ||
| Q3 24 | $494.1M | — | ||
| Q2 24 | $465.4M | — | ||
| Q1 24 | $392.5M | — |
总债务DAYPIPR
| 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 | — | ||
| Q1 24 | $1.2B | — |
股东权益DAYPIPR
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
总资产DAYPIPR
| Q4 25 | — | $2.6B | ||
| Q3 25 | $8.7B | $2.2B | ||
| Q2 25 | $8.5B | $2.0B | ||
| Q1 25 | $9.5B | $1.8B | ||
| Q4 24 | $9.1B | $2.3B | ||
| Q3 24 | $8.1B | $2.0B | ||
| Q2 24 | $9.0B | $1.9B | ||
| Q1 24 | $10.8B | $1.8B |
负债/权益比DAYPIPR
| 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 | $729.8M |
| 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 | — | 6.40× |
| 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DAYPIPR
| Q4 25 | — | $729.8M | ||
| Q3 25 | $31.2M | $31.9M | ||
| Q2 25 | $112.7M | $32.1M | ||
| Q1 25 | $49.6M | $-207.2M | ||
| Q4 24 | $81.0M | $163.8M | ||
| Q3 24 | $91.8M | $80.1M | ||
| Q2 24 | $99.2M | $266.5M | ||
| Q1 24 | $9.1M | $-197.2M |
现金转化率DAYPIPR
| Q4 25 | — | 6.40× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | 5.29× | 0.76× | ||
| Q1 25 | 3.33× | -3.19× | ||
| Q4 24 | 7.50× | 2.37× | ||
| Q3 24 | 45.90× | 2.30× | ||
| Q2 24 | — | 7.66× | ||
| Q1 24 | 1.28× | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
