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Dayforce（DAY）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是Dayforce的1.6倍（$766.5M vs $481.6M），SCANSOURCE, INC.净利率更高（2.2% vs -40.9%，领先43.0%），Dayforce同比增速更快（9.5% vs 2.5%），过去两年Dayforce的营收复合增速更高（9.8% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
DAY vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.6倍
$481.6M
营收增速更快
DAY
高出6.9%
2.5%
净利率更高
SCSC
高出43.0%
-40.9%
两年增速更快
DAY
近两年复合增速
0.9%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $766.5M |
| 净利润 | $-196.8M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 6.3% | 2.3% |
| 净利率 | -40.9% | 2.2% |
| 营收同比 | 9.5% | 2.5% |
| 净利润同比 | -9940.0% | -3.3% |
| 每股收益（稀释后） | $-1.23 | $0.75 |
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DAYSCSC
| Q4 25 | — | $766.5M | ||
| Q3 25 | $481.6M | $739.6M | ||
| Q2 25 | $464.7M | $812.9M | ||
| Q1 25 | $481.8M | $704.8M | ||
| Q4 24 | $465.2M | $747.5M | ||
| Q3 24 | $440.0M | $775.6M | ||
| Q2 24 | $423.3M | $746.1M | ||
| Q1 24 | $431.5M | $752.6M |
净利润DAYSCSC
| Q4 25 | — | $16.5M | ||
| Q3 25 | $-196.8M | $19.9M | ||
| Q2 25 | $21.3M | $20.1M | ||
| Q1 25 | $14.9M | $17.4M | ||
| Q4 24 | $10.8M | $17.1M | ||
| Q3 24 | $2.0M | $17.0M | ||
| Q2 24 | $-1.8M | $16.1M | ||
| Q1 24 | $7.1M | $12.8M |
毛利率DAYSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | 47.0% | 13.6% | ||
| Q3 24 | 45.8% | 13.1% | ||
| Q2 24 | 44.1% | 13.0% | ||
| Q1 24 | 47.6% | 12.6% |
营业利润率DAYSCSC
| Q4 25 | — | 2.3% | ||
| Q3 25 | 6.3% | 3.5% | ||
| Q2 25 | 9.1% | 3.3% | ||
| Q1 25 | 6.4% | 3.2% | ||
| Q4 24 | 6.1% | 2.5% | ||
| Q3 24 | 4.7% | 2.3% | ||
| Q2 24 | 3.3% | 2.9% | ||
| Q1 24 | 9.4% | 2.3% |
净利率DAYSCSC
| Q4 25 | — | 2.2% | ||
| Q3 25 | -40.9% | 2.7% | ||
| Q2 25 | 4.6% | 2.5% | ||
| Q1 25 | 3.1% | 2.5% | ||
| Q4 24 | 2.3% | 2.3% | ||
| Q3 24 | 0.5% | 2.2% | ||
| Q2 24 | -0.4% | 2.2% | ||
| Q1 24 | 1.6% | 1.7% |
每股收益（稀释后）DAYSCSC
| Q4 25 | — | $0.75 | ||
| Q3 25 | $-1.23 | $0.89 | ||
| Q2 25 | $0.13 | $0.87 | ||
| Q1 25 | $0.09 | $0.74 | ||
| Q4 24 | $0.07 | $0.70 | ||
| Q3 24 | $0.01 | $0.69 | ||
| Q2 24 | $-0.01 | $0.66 | ||
| Q1 24 | $0.04 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $910.9M |
| 总资产 | $8.7B | $1.7B |
| 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DAYSCSC
| Q4 25 | — | $83.5M | ||
| Q3 25 | $627.6M | $124.9M | ||
| Q2 25 | $625.2M | $126.2M | ||
| Q1 25 | $557.3M | $146.3M | ||
| Q4 24 | $579.7M | $110.5M | ||
| Q3 24 | $494.1M | $145.0M | ||
| Q2 24 | $465.4M | $185.5M | ||
| Q1 24 | $392.5M | $159.1M |
总债务DAYSCSC
| 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DAYSCSC
| Q4 25 | — | $910.9M | ||
| Q3 25 | $2.7B | $914.0M | ||
| Q2 25 | $2.7B | $906.4M | ||
| Q1 25 | $2.6B | $901.7M | ||
| Q4 24 | $2.5B | $900.7M | ||
| Q3 24 | $2.6B | $920.9M | ||
| Q2 24 | $2.5B | $924.3M | ||
| Q1 24 | $2.4B | $944.1M |
总资产DAYSCSC
| Q4 25 | — | $1.7B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.5B | $1.8B | ||
| Q1 25 | $9.5B | $1.7B | ||
| Q4 24 | $9.1B | $1.7B | ||
| Q3 24 | $8.1B | $1.8B | ||
| Q2 24 | $9.0B | $1.8B | ||
| Q1 24 | $10.8B | $1.8B |
负债/权益比DAYSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | — | $28.9M |
| 自由现金流率自由现金流/营收 | — | 3.8% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 1.87× |
| 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DAYSCSC
| Q4 25 | — | $30.8M | ||
| Q3 25 | $31.2M | $23.2M | ||
| Q2 25 | $112.7M | — | ||
| Q1 25 | $49.6M | $66.1M | ||
| Q4 24 | $81.0M | $-6.2M | ||
| Q3 24 | $91.8M | $44.8M | ||
| Q2 24 | $99.2M | — | ||
| Q1 24 | $9.1M | $160.2M |
自由现金流DAYSCSC
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $157.7M |
自由现金流率DAYSCSC
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.0% |
资本支出强度DAYSCSC
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
现金转化率DAYSCSC
| Q4 25 | — | 1.87× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | 3.79× | ||
| Q4 24 | 7.50× | -0.36× | ||
| Q3 24 | 45.90× | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
