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Dayforce（DAY）与SUBURBAN PROPANE PARTNERS LP（SPH）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SUBURBAN PROPANE PARTNERS LP的1.3倍（$481.6M vs $370.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs -40.9%，领先53.2%），Dayforce同比增速更快（9.5% vs -0.8%），过去两年Dayforce的营收复合增速更高（9.8% vs -13.8%）
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。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
DAY vs SPH — 直观对比
营收规模更大
DAY
是对方的1.3倍
$370.4M
营收增速更快
DAY
高出10.2%
-0.8%
净利率更高
SPH
高出53.2%
-40.9%
两年增速更快
DAY
近两年复合增速
-13.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $370.4M |
| 净利润 | $-196.8M | $45.8M |
| 毛利率 | — | 64.7% |
| 营业利润率 | 6.3% | 18.3% |
| 净利率 | -40.9% | 12.4% |
| 营收同比 | 9.5% | -0.8% |
| 净利润同比 | -9940.0% | 135.7% |
| 每股收益（稀释后） | $-1.23 | $0.69 |
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DAYSPH
| Q4 25 | — | $370.4M | ||
| Q3 25 | $481.6M | $211.4M | ||
| Q2 25 | $464.7M | $260.1M | ||
| Q1 25 | $481.8M | $587.7M | ||
| Q4 24 | $465.2M | $373.3M | ||
| Q3 24 | $440.0M | $208.6M | ||
| Q2 24 | $423.3M | $254.6M | ||
| Q1 24 | $431.5M | $498.1M |
净利润DAYSPH
| Q4 25 | — | $45.8M | ||
| Q3 25 | $-196.8M | $-35.1M | ||
| Q2 25 | $21.3M | $-14.8M | ||
| Q1 25 | $14.9M | $137.1M | ||
| Q4 24 | $10.8M | $19.4M | ||
| Q3 24 | $2.0M | $-44.6M | ||
| Q2 24 | $-1.8M | $-17.2M | ||
| Q1 24 | $7.1M | $111.5M |
毛利率DAYSPH
| Q4 25 | — | 64.7% | ||
| Q3 25 | — | 64.7% | ||
| Q2 25 | — | 61.7% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | 47.0% | 60.6% | ||
| Q3 24 | 45.8% | 59.4% | ||
| Q2 24 | 44.1% | 62.9% | ||
| Q1 24 | 47.6% | 61.8% |
营业利润率DAYSPH
| Q4 25 | — | 18.3% | ||
| Q3 25 | 6.3% | -7.9% | ||
| Q2 25 | 9.1% | 2.1% | ||
| Q1 25 | 6.4% | 27.0% | ||
| Q4 24 | 6.1% | 15.8% | ||
| Q3 24 | 4.7% | -10.8% | ||
| Q2 24 | 3.3% | 3.2% | ||
| Q1 24 | 9.4% | 27.5% |
净利率DAYSPH
| Q4 25 | — | 12.4% | ||
| Q3 25 | -40.9% | -16.6% | ||
| Q2 25 | 4.6% | -5.7% | ||
| Q1 25 | 3.1% | 23.3% | ||
| Q4 24 | 2.3% | 5.2% | ||
| Q3 24 | 0.5% | -21.4% | ||
| Q2 24 | -0.4% | -6.8% | ||
| Q1 24 | 1.6% | 22.4% |
每股收益（稀释后）DAYSPH
| Q4 25 | — | $0.69 | ||
| Q3 25 | $-1.23 | $-0.55 | ||
| Q2 25 | $0.13 | $-0.23 | ||
| Q1 25 | $0.09 | $2.10 | ||
| Q4 24 | $0.07 | $0.30 | ||
| Q3 24 | $0.01 | $-0.69 | ||
| Q2 24 | $-0.01 | $-0.27 | ||
| Q1 24 | $0.04 | $1.72 |
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 | $1.3M |
| 总债务越低越好 | $631.1M | $1.3B |
| 股东权益账面价值 | $2.7B | — |
| 总资产 | $8.7B | $2.4B |
| 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DAYSPH
| Q4 25 | — | $1.3M | ||
| Q3 25 | $627.6M | $405.0K | ||
| Q2 25 | $625.2M | $1.3M | ||
| Q1 25 | $557.3M | $3.9M | ||
| Q4 24 | $579.7M | $4.4M | ||
| Q3 24 | $494.1M | $3.2M | ||
| Q2 24 | $465.4M | $4.9M | ||
| Q1 24 | $392.5M | $4.4M |
总债务DAYSPH
| Q4 25 | — | $1.3B | ||
| Q3 25 | $631.1M | $1.2B | ||
| Q2 25 | $631.8M | $1.2B | ||
| Q1 25 | $632.4M | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
股东权益DAYSPH
| Q4 25 | — | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.4B | — |
总资产DAYSPH
| Q4 25 | — | $2.4B | ||
| Q3 25 | $8.7B | $2.3B | ||
| Q2 25 | $8.5B | $2.3B | ||
| Q1 25 | $9.5B | $2.4B | ||
| Q4 24 | $9.1B | $2.4B | ||
| Q3 24 | $8.1B | $2.3B | ||
| Q2 24 | $9.0B | $2.3B | ||
| Q1 24 | $10.8B | $2.3B |
负债/权益比DAYSPH
| 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 | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-67.5M |
| 自由现金流率自由现金流/营收 | — | -18.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | — | -1.04× |
| 过去12个月自由现金流最近4个季度 | — | $61.9M |
8季度趋势，按日历期对齐
经营现金流DAYSPH
| Q4 25 | — | $-47.7M | ||
| Q3 25 | $31.2M | $41.8M | ||
| Q2 25 | $112.7M | $95.5M | ||
| Q1 25 | $49.6M | $40.1M | ||
| Q4 24 | $81.0M | $8.8M | ||
| Q3 24 | $91.8M | $36.8M | ||
| Q2 24 | $99.2M | $61.4M | ||
| Q1 24 | $9.1M | $75.1M |
自由现金流DAYSPH
| Q4 25 | — | $-67.5M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $80.9M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | — | $-15.1M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $46.8M | ||
| Q1 24 | — | $60.6M |
自由现金流率DAYSPH
| Q4 25 | — | -18.2% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | — | 31.1% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 12.2% |
资本支出强度DAYSPH
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | — | 2.9% |
现金转化率DAYSPH
| Q4 25 | — | -1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | 3.33× | 0.29× | ||
| Q4 24 | 7.50× | 0.45× | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
