vs
Dayforce（DAY）与PROASSURANCE CORP（PRA）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PROASSURANCE CORP的1.8倍（$481.6M vs $269.6M），PROASSURANCE CORP净利率更高（12.4% vs -40.9%，领先53.2%），Dayforce同比增速更快（9.5% vs -7.1%），过去两年Dayforce的营收复合增速更高（9.8% vs -2.7%）
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。
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
DAY vs PRA — 直观对比
营收规模更大
DAY
是对方的1.8倍
$269.6M
营收增速更快
DAY
高出16.5%
-7.1%
净利率更高
PRA
高出53.2%
-40.9%
两年增速更快
DAY
近两年复合增速
-2.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $269.6M |
| 净利润 | $-196.8M | $33.4M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 17.3% |
| 净利率 | -40.9% | 12.4% |
| 营收同比 | 9.5% | -7.1% |
| 净利润同比 | -9940.0% | 106.4% |
| 每股收益（稀释后） | $-1.23 | $0.65 |
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DAYPRA
| Q4 25 | — | $269.6M | ||
| Q3 25 | $481.6M | $279.6M | ||
| Q2 25 | $464.7M | $276.8M | ||
| Q1 25 | $481.8M | $272.1M | ||
| Q4 24 | $465.2M | $290.1M | ||
| Q3 24 | $440.0M | $285.3M | ||
| Q2 24 | $423.3M | $290.4M | ||
| Q1 24 | $431.5M | $284.7M |
净利润DAYPRA
| Q4 25 | — | $33.4M | ||
| Q3 25 | $-196.8M | $1.4M | ||
| Q2 25 | $21.3M | $21.9M | ||
| Q1 25 | $14.9M | $-5.8M | ||
| Q4 24 | $10.8M | $16.2M | ||
| Q3 24 | $2.0M | $16.4M | ||
| Q2 24 | $-1.8M | $15.5M | ||
| Q1 24 | $7.1M | $4.6M |
毛利率DAYPRA
| 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DAYPRA
| Q4 25 | — | 17.3% | ||
| Q3 25 | 6.3% | 1.6% | ||
| Q2 25 | 9.1% | 9.9% | ||
| Q1 25 | 6.4% | -2.3% | ||
| Q4 24 | 6.1% | 6.5% | ||
| Q3 24 | 4.7% | 7.4% | ||
| Q2 24 | 3.3% | 6.2% | ||
| Q1 24 | 9.4% | 1.9% |
净利率DAYPRA
| Q4 25 | — | 12.4% | ||
| Q3 25 | -40.9% | 0.5% | ||
| Q2 25 | 4.6% | 7.9% | ||
| Q1 25 | 3.1% | -2.1% | ||
| Q4 24 | 2.3% | 5.6% | ||
| Q3 24 | 0.5% | 5.8% | ||
| Q2 24 | -0.4% | 5.3% | ||
| Q1 24 | 1.6% | 1.6% |
每股收益（稀释后）DAYPRA
| Q4 25 | — | $0.65 | ||
| Q3 25 | $-1.23 | $0.03 | ||
| Q2 25 | $0.13 | $0.42 | ||
| Q1 25 | $0.09 | $-0.11 | ||
| Q4 24 | $0.07 | $0.32 | ||
| Q3 24 | $0.01 | $0.32 | ||
| Q2 24 | $-0.01 | $0.30 | ||
| Q1 24 | $0.04 | $0.09 |
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 | $36.5M |
| 总债务越低越好 | $631.1M | $420.4M |
| 股东权益账面价值 | $2.7B | $1.3B |
| 总资产 | $8.7B | $5.4B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资DAYPRA
| Q4 25 | — | $36.5M | ||
| Q3 25 | $627.6M | $54.5M | ||
| Q2 25 | $625.2M | $41.6M | ||
| Q1 25 | $557.3M | $43.5M | ||
| Q4 24 | $579.7M | $54.9M | ||
| Q3 24 | $494.1M | $45.3M | ||
| Q2 24 | $465.4M | $36.9M | ||
| Q1 24 | $392.5M | $65.4M |
总债务DAYPRA
| Q4 25 | — | $420.4M | ||
| Q3 25 | $631.1M | $421.5M | ||
| Q2 25 | $631.8M | $422.6M | ||
| Q1 25 | $632.4M | $423.7M | ||
| Q4 24 | $1.2B | $424.9M | ||
| Q3 24 | $1.2B | $425.9M | ||
| Q2 24 | $1.2B | $426.9M | ||
| Q1 24 | $1.2B | $427.8M |
股东权益DAYPRA
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.7B | $1.3B | ||
| 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DAYPRA
| Q4 25 | — | $5.4B | ||
| Q3 25 | $8.7B | $5.6B | ||
| Q2 25 | $8.5B | $5.5B | ||
| Q1 25 | $9.5B | $5.5B | ||
| Q4 24 | $9.1B | $5.6B | ||
| Q3 24 | $8.1B | $5.7B | ||
| Q2 24 | $9.0B | $5.6B | ||
| Q1 24 | $10.8B | $5.7B |
负债/权益比DAYPRA
| Q4 25 | — | 0.31× | ||
| Q3 25 | 0.23× | 0.32× | ||
| Q2 25 | 0.23× | 0.33× | ||
| Q1 25 | 0.24× | 0.34× | ||
| Q4 24 | 0.47× | 0.35× | ||
| Q3 24 | 0.47× | 0.35× | ||
| Q2 24 | 0.49× | 0.38× | ||
| Q1 24 | 0.50× | 0.38× |
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 | $-25.6M |
| 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 | — | -0.77× |
| 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DAYPRA
| Q4 25 | — | $-25.6M | ||
| Q3 25 | $31.2M | $27.2M | ||
| Q2 25 | $112.7M | $-28.1M | ||
| Q1 25 | $49.6M | $-11.6M | ||
| Q4 24 | $81.0M | $-10.7M | ||
| Q3 24 | $91.8M | $14.0M | ||
| Q2 24 | $99.2M | $-12.8M | ||
| Q1 24 | $9.1M | $-11.6M |
现金转化率DAYPRA
| Q4 25 | — | -0.77× | ||
| Q3 25 | — | 18.81× | ||
| Q2 25 | 5.29× | -1.28× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | -0.66× | ||
| Q3 24 | 45.90× | 0.85× | ||
| Q2 24 | — | -0.83× | ||
| Q1 24 | 1.28× | -2.52× |
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% |
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
