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Dayforce（DAY）与Sphere Entertainment Co.（SPHR）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Sphere Entertainment Co.的1.2倍（$481.6M vs $393.8M），Sphere Entertainment Co.净利率更高（16.4% vs -40.9%，领先57.3%），过去两年Sphere Entertainment Co.的营收复合增速更高（12.1% vs 9.8%）
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。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
DAY vs SPHR — 直观对比
营收规模更大
DAY
是对方的1.2倍
$393.8M
净利率更高
SPHR
高出57.3%
-40.9%
两年增速更快
SPHR
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $393.8M |
| 净利润 | $-196.8M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 7.3% |
| 净利率 | -40.9% | 16.4% |
| 营收同比 | 9.5% | — |
| 净利润同比 | -9940.0% | — |
| 每股收益（稀释后） | $-1.23 | $2.42 |
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DAYSPHR
| Q4 25 | — | $393.8M | ||
| Q3 25 | $481.6M | $262.1M | ||
| Q2 25 | $464.7M | $282.2M | ||
| Q1 25 | $481.8M | $280.1M | ||
| Q4 24 | $465.2M | — | ||
| Q3 24 | $440.0M | $227.1M | ||
| Q2 24 | $423.3M | $272.6M | ||
| Q1 24 | $431.5M | $320.6M |
净利润DAYSPHR
| Q4 25 | — | $64.7M | ||
| Q3 25 | $-196.8M | $-101.2M | ||
| Q2 25 | $21.3M | $151.8M | ||
| Q1 25 | $14.9M | $-82.0M | ||
| Q4 24 | $10.8M | — | ||
| Q3 24 | $2.0M | $-105.3M | ||
| Q2 24 | $-1.8M | $-46.6M | ||
| Q1 24 | $7.1M | $-47.2M |
毛利率DAYSPHR
| 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DAYSPHR
| Q4 25 | — | 7.3% | ||
| Q3 25 | 6.3% | -49.5% | ||
| Q2 25 | 9.1% | -17.8% | ||
| Q1 25 | 6.4% | -28.1% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 4.7% | -51.8% | ||
| Q2 24 | 3.3% | -66.3% | ||
| Q1 24 | 9.4% | -12.6% |
净利率DAYSPHR
| Q4 25 | — | 16.4% | ||
| Q3 25 | -40.9% | -38.6% | ||
| Q2 25 | 4.6% | 53.8% | ||
| Q1 25 | 3.1% | -29.3% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.5% | -46.4% | ||
| Q2 24 | -0.4% | -17.1% | ||
| Q1 24 | 1.6% | -14.7% |
每股收益（稀释后）DAYSPHR
| Q4 25 | — | $2.42 | ||
| Q3 25 | $-1.23 | $-2.80 | ||
| Q2 25 | $0.13 | $3.39 | ||
| Q1 25 | $0.09 | $-2.27 | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.01 | $-2.95 | ||
| Q2 24 | $-0.01 | $-1.33 | ||
| Q1 24 | $0.04 | $-1.33 |
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 | $692.7M |
| 股东权益账面价值 | $2.7B | $2.2B |
| 总资产 | $8.7B | $4.2B |
| 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DAYSPHR
| Q4 25 | — | — | ||
| Q3 25 | $627.6M | $384.8M | ||
| Q2 25 | $625.2M | $355.7M | ||
| Q1 25 | $557.3M | $465.0M | ||
| Q4 24 | $579.7M | — | ||
| Q3 24 | $494.1M | — | ||
| Q2 24 | $465.4M | $559.8M | ||
| Q1 24 | $392.5M | — |
总债务DAYSPHR
| Q4 25 | — | $692.7M | ||
| Q3 25 | $631.1M | $733.8M | ||
| Q2 25 | $631.8M | $743.8M | ||
| Q1 25 | $632.4M | $1.3B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
股东权益DAYSPHR
| Q4 25 | — | $2.2B | ||
| Q3 25 | $2.7B | $2.2B | ||
| Q2 25 | $2.7B | $2.3B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.5B | $2.4B | ||
| Q1 24 | $2.4B | $2.4B |
总资产DAYSPHR
| Q4 25 | — | $4.2B | ||
| Q3 25 | $8.7B | $4.1B | ||
| Q2 25 | $8.5B | $4.2B | ||
| Q1 25 | $9.5B | $4.4B | ||
| Q4 24 | $9.1B | — | ||
| Q3 24 | $8.1B | $4.6B | ||
| Q2 24 | $9.0B | — | ||
| Q1 24 | $10.8B | $4.9B |
负债/权益比DAYSPHR
| Q4 25 | — | 0.31× | ||
| Q3 25 | 0.23× | 0.34× | ||
| Q2 25 | 0.23× | 0.32× | ||
| Q1 25 | 0.24× | 0.62× | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | 0.59× | ||
| Q2 24 | 0.49× | 0.57× | ||
| Q1 24 | 0.50× | 0.57× |
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 | $180.2M |
| 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 | — | 2.78× |
| 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DAYSPHR
| Q4 25 | — | $180.2M | ||
| Q3 25 | $31.2M | $115.8M | ||
| Q2 25 | $112.7M | $-59.1M | ||
| Q1 25 | $49.6M | $6.3M | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $91.8M | $34.1M | ||
| Q2 24 | $99.2M | $-72.4M | ||
| Q1 24 | $9.1M | $101.0M |
现金转化率DAYSPHR
| Q4 25 | — | 2.78× | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | -0.39× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | — |
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% |
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
