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Dayforce（DAY）与SBA Communications（SBAC）财务数据对比。点击上方公司名可切换其他公司
SBA Communications的季度营收约是Dayforce的1.5倍（$703.4M vs $481.6M），SBA Communications净利率更高（26.3% vs -40.9%，领先67.1%），Dayforce同比增速更快（9.5% vs -1.6%），过去两年Dayforce的营收复合增速更高（9.8% vs 3.2%）
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。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
DAY vs SBAC — 直观对比
营收规模更大
SBAC
是对方的1.5倍
$481.6M
营收增速更快
DAY
高出11.0%
-1.6%
净利率更高
SBAC
高出67.1%
-40.9%
两年增速更快
DAY
近两年复合增速
3.2%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $703.4M |
| 净利润 | $-196.8M | $184.9M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 48.7% |
| 净利率 | -40.9% | 26.3% |
| 营收同比 | 9.5% | -1.6% |
| 净利润同比 | -9940.0% | -15.1% |
| 每股收益（稀释后） | $-1.23 | $1.74 |
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DAYSBAC
| Q1 26 | — | $703.4M | ||
| Q4 25 | — | $719.6M | ||
| Q3 25 | $481.6M | $732.3M | ||
| Q2 25 | $464.7M | $699.0M | ||
| Q1 25 | $481.8M | $664.2M | ||
| Q4 24 | $465.2M | $693.7M | ||
| Q3 24 | $440.0M | $667.6M | ||
| Q2 24 | $423.3M | $660.5M |
净利润DAYSBAC
| Q1 26 | — | $184.9M | ||
| Q4 25 | — | $370.4M | ||
| Q3 25 | $-196.8M | $236.8M | ||
| Q2 25 | $21.3M | $225.8M | ||
| Q1 25 | $14.9M | $220.7M | ||
| Q4 24 | $10.8M | $178.8M | ||
| Q3 24 | $2.0M | $258.5M | ||
| Q2 24 | $-1.8M | $162.8M |
毛利率DAYSBAC
| Q1 26 | — | — | ||
| Q4 25 | — | 75.6% | ||
| Q3 25 | — | 74.1% | ||
| Q2 25 | — | 75.4% | ||
| Q1 25 | — | 76.9% | ||
| Q4 24 | 47.0% | 78.1% | ||
| Q3 24 | 45.8% | 77.5% | ||
| Q2 24 | 44.1% | 78.6% |
营业利润率DAYSBAC
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 41.5% | ||
| Q3 25 | 6.3% | 51.1% | ||
| Q2 25 | 9.1% | 47.9% | ||
| Q1 25 | 6.4% | 50.4% | ||
| Q4 24 | 6.1% | 55.1% | ||
| Q3 24 | 4.7% | 56.3% | ||
| Q2 24 | 3.3% | 53.7% |
净利率DAYSBAC
| Q1 26 | — | 26.3% | ||
| Q4 25 | — | 51.5% | ||
| Q3 25 | -40.9% | 32.3% | ||
| Q2 25 | 4.6% | 32.3% | ||
| Q1 25 | 3.1% | 33.2% | ||
| Q4 24 | 2.3% | 25.8% | ||
| Q3 24 | 0.5% | 38.7% | ||
| Q2 24 | -0.4% | 24.7% |
每股收益（稀释后）DAYSBAC
| Q1 26 | — | $1.74 | ||
| Q4 25 | — | $3.47 | ||
| Q3 25 | $-1.23 | $2.20 | ||
| Q2 25 | $0.13 | $2.09 | ||
| Q1 25 | $0.09 | $2.04 | ||
| Q4 24 | $0.07 | $1.61 | ||
| Q3 24 | $0.01 | $2.40 | ||
| Q2 24 | $-0.01 | $1.51 |
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 | $269.1M |
| 总债务越低越好 | $631.1M | $2.7B |
| 股东权益账面价值 | $2.7B | — |
| 总资产 | $8.7B | $11.7B |
| 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DAYSBAC
| Q1 26 | — | $269.1M | ||
| Q4 25 | — | $271.2M | ||
| Q3 25 | $627.6M | $431.1M | ||
| Q2 25 | $625.2M | $276.8M | ||
| Q1 25 | $557.3M | $702.2M | ||
| Q4 24 | $579.7M | $444.4M | ||
| Q3 24 | $494.1M | $202.6M | ||
| Q2 24 | $465.4M | $250.9M |
总债务DAYSBAC
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $12.9B | ||
| Q3 25 | $631.1M | $12.7B | ||
| Q2 25 | $631.8M | $12.5B | ||
| Q1 25 | $632.4M | $12.4B | ||
| Q4 24 | $1.2B | $13.6B | ||
| Q3 24 | $1.2B | $12.3B | ||
| Q2 24 | $1.2B | $12.3B |
股东权益DAYSBAC
| Q1 26 | — | — | ||
| Q4 25 | — | $-4.9B | ||
| Q3 25 | $2.7B | $-4.9B | ||
| Q2 25 | $2.7B | $-4.9B | ||
| Q1 25 | $2.6B | $-5.0B | ||
| Q4 24 | $2.5B | $-5.1B | ||
| Q3 24 | $2.6B | $-5.2B | ||
| Q2 24 | $2.5B | $-5.3B |
总资产DAYSBAC
| Q1 26 | — | $11.7B | ||
| Q4 25 | — | $11.6B | ||
| Q3 25 | $8.7B | $11.3B | ||
| Q2 25 | $8.5B | $10.8B | ||
| Q1 25 | $9.5B | $10.4B | ||
| Q4 24 | $9.1B | $11.4B | ||
| Q3 24 | $8.1B | $10.2B | ||
| Q2 24 | $9.0B | $9.8B |
负债/权益比DAYSBAC
| 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 | $255.1M |
| 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 | — | 9.5% |
| 现金转化率经营现金流/净利润 | — | 1.38× |
| 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DAYSBAC
| Q1 26 | — | $255.1M | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $31.2M | $318.0M | ||
| Q2 25 | $112.7M | $368.1M | ||
| Q1 25 | $49.6M | $301.2M | ||
| Q4 24 | $81.0M | $1.3B | ||
| Q3 24 | $91.8M | $304.7M | ||
| Q2 24 | $99.2M | $425.6M |
自由现金流DAYSBAC
| Q1 26 | — | — | ||
| Q4 25 | — | $833.3M | ||
| Q3 25 | — | $258.0M | ||
| Q2 25 | — | $312.2M | ||
| Q1 25 | — | $255.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $239.9M | ||
| Q2 24 | — | $375.6M |
自由现金流率DAYSBAC
| Q1 26 | — | — | ||
| Q4 25 | — | 115.8% | ||
| Q3 25 | — | 35.2% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 179.9% | ||
| Q3 24 | — | 35.9% | ||
| Q2 24 | — | 56.9% |
资本支出强度DAYSBAC
| Q1 26 | — | 9.5% | ||
| Q4 25 | — | 63.7% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 7.6% |
现金转化率DAYSBAC
| Q1 26 | — | 1.38× | ||
| Q4 25 | — | 3.49× | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 5.29× | 1.63× | ||
| Q1 25 | 3.33× | 1.36× | ||
| Q4 24 | 7.50× | 7.47× | ||
| Q3 24 | 45.90× | 1.18× | ||
| Q2 24 | — | 2.61× |
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% |
SBAC
| Site leasing | $656.1M | 93% |
| Site development | $47.3M | 7% |
