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Dayforce（DAY）与Regency Centers（REG）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Regency Centers的1.2倍（$481.6M vs $404.2M），Regency Centers净利率更高（50.1% vs -40.9%，领先91.0%），Dayforce同比增速更快（9.5% vs 8.5%），过去两年Dayforce的营收复合增速更高（9.8% vs 5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
DAY vs REG — 直观对比
营收规模更大
DAY
是对方的1.2倍
$404.2M
营收增速更快
DAY
高出1.0%
8.5%
净利率更高
REG
高出91.0%
-40.9%
两年增速更快
DAY
近两年复合增速
5.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $404.2M |
| 净利润 | $-196.8M | $202.5M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 71.0% |
| 净利率 | -40.9% | 50.1% |
| 营收同比 | 9.5% | 8.5% |
| 净利润同比 | -9940.0% | 134.1% |
| 每股收益（稀释后） | $-1.23 | — |
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DAYREG
| Q4 25 | — | $404.2M | ||
| Q3 25 | $481.6M | $387.6M | ||
| Q2 25 | $464.7M | $380.8M | ||
| Q1 25 | $481.8M | $380.9M | ||
| Q4 24 | $465.2M | $372.5M | ||
| Q3 24 | $440.0M | $360.3M | ||
| Q2 24 | $423.3M | $357.3M | ||
| Q1 24 | $431.5M | $363.9M |
净利润DAYREG
| Q4 25 | — | $202.5M | ||
| Q3 25 | $-196.8M | $109.4M | ||
| Q2 25 | $21.3M | $106.0M | ||
| Q1 25 | $14.9M | $109.6M | ||
| Q4 24 | $10.8M | $86.5M | ||
| Q3 24 | $2.0M | $101.5M | ||
| Q2 24 | $-1.8M | $102.7M | ||
| Q1 24 | $7.1M | $109.8M |
毛利率DAYREG
| 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DAYREG
| Q4 25 | — | 71.0% | ||
| Q3 25 | 6.3% | 72.7% | ||
| Q2 25 | 9.1% | 73.8% | ||
| Q1 25 | 6.4% | 71.8% | ||
| Q4 24 | 6.1% | 71.1% | ||
| Q3 24 | 4.7% | 72.5% | ||
| Q2 24 | 3.3% | 72.3% | ||
| Q1 24 | 9.4% | 72.3% |
净利率DAYREG
| Q4 25 | — | 50.1% | ||
| Q3 25 | -40.9% | 28.2% | ||
| Q2 25 | 4.6% | 27.8% | ||
| Q1 25 | 3.1% | 28.8% | ||
| Q4 24 | 2.3% | 23.2% | ||
| Q3 24 | 0.5% | 28.2% | ||
| Q2 24 | -0.4% | 28.7% | ||
| Q1 24 | 1.6% | 30.2% |
每股收益（稀释后）DAYREG
| Q4 25 | — | — | ||
| Q3 25 | $-1.23 | — | ||
| Q2 25 | $0.13 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $0.04 | — |
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 | $4.7B |
| 股东权益账面价值 | $2.7B | $6.9B |
| 总资产 | $8.7B | $13.0B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资DAYREG
| 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DAYREG
| Q4 25 | — | $4.7B | ||
| Q3 25 | $631.1M | $4.9B | ||
| Q2 25 | $631.8M | $4.8B | ||
| Q1 25 | $632.4M | $4.6B | ||
| Q4 24 | $1.2B | $4.4B | ||
| Q3 24 | $1.2B | $4.4B | ||
| Q2 24 | $1.2B | $4.4B | ||
| Q1 24 | $1.2B | $4.4B |
股东权益DAYREG
| Q4 25 | — | $6.9B | ||
| Q3 25 | $2.7B | $6.8B | ||
| Q2 25 | $2.7B | $6.7B | ||
| Q1 25 | $2.6B | $6.7B | ||
| Q4 24 | $2.5B | $6.7B | ||
| Q3 24 | $2.6B | $6.8B | ||
| Q2 24 | $2.5B | $6.8B | ||
| Q1 24 | $2.4B | $7.0B |
总资产DAYREG
| Q4 25 | — | $13.0B | ||
| Q3 25 | $8.7B | $13.1B | ||
| Q2 25 | $8.5B | $12.7B | ||
| Q1 25 | $9.5B | $12.6B | ||
| Q4 24 | $9.1B | $12.4B | ||
| Q3 24 | $8.1B | $12.4B | ||
| Q2 24 | $9.0B | $12.4B | ||
| Q1 24 | $10.8B | $12.7B |
负债/权益比DAYREG
| Q4 25 | — | 0.69× | ||
| Q3 25 | 0.23× | 0.72× | ||
| Q2 25 | 0.23× | 0.72× | ||
| Q1 25 | 0.24× | 0.69× | ||
| Q4 24 | 0.47× | 0.66× | ||
| Q3 24 | 0.47× | 0.65× | ||
| Q2 24 | 0.49× | 0.64× | ||
| Q1 24 | 0.50× | 0.63× |
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 | $203.9M |
| 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 | — | 1.01× |
| 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DAYREG
| Q4 25 | — | $203.9M | ||
| Q3 25 | $31.2M | $218.7M | ||
| Q2 25 | $112.7M | $244.0M | ||
| Q1 25 | $49.6M | $161.0M | ||
| Q4 24 | $81.0M | $191.4M | ||
| Q3 24 | $91.8M | $227.6M | ||
| Q2 24 | $99.2M | $203.5M | ||
| Q1 24 | $9.1M | $167.8M |
现金转化率DAYREG
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | 5.29× | 2.30× | ||
| Q1 25 | 3.33× | 1.47× | ||
| Q4 24 | 7.50× | 2.21× | ||
| Q3 24 | 45.90× | 2.24× | ||
| Q2 24 | — | 1.98× | ||
| Q1 24 | 1.28× | 1.53× |
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% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
