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Dayforce（DAY）与SPIRE INC（SR）财务数据对比。点击上方公司名可切换其他公司
SPIRE INC的季度营收约是Dayforce的1.6倍（$762.2M vs $481.6M），SPIRE INC净利率更高（12.5% vs -40.9%，领先53.3%），SPIRE INC同比增速更快（13.9% vs 9.5%），过去两年Dayforce的营收复合增速更高（9.8% vs -17.8%）
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。
Spire Inc是总部位于美国密苏里州圣路易斯的区域公用事业控股公司，核心业务为受监管的天然气供应服务，同时布局非监管类业务拓展商业机会。旗下主要子公司Laclede Gas Company是密苏里州最大的天然气分销公用事业企业，为圣路易斯市及密苏里州东部10个县的约63.1万户住宅、商业及工业客户提供服务。
DAY vs SR — 直观对比
营收规模更大
SR
是对方的1.6倍
$481.6M
营收增速更快
SR
高出4.5%
9.5%
净利率更高
SR
高出53.3%
-40.9%
两年增速更快
DAY
近两年复合增速
-17.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $762.2M |
| 净利润 | $-196.8M | $95.0M |
| 毛利率 | — | 55.1% |
| 营业利润率 | 6.3% | 22.8% |
| 净利率 | -40.9% | 12.5% |
| 营收同比 | 9.5% | 13.9% |
| 净利润同比 | -9940.0% | 16.9% |
| 每股收益（稀释后） | $-1.23 | $1.54 |
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DAYSR
| Q4 25 | — | $762.2M | ||
| Q3 25 | $481.6M | $334.1M | ||
| Q2 25 | $464.7M | $421.9M | ||
| Q1 25 | $481.8M | $1.1B | ||
| Q4 24 | $465.2M | $669.1M | ||
| Q3 24 | $440.0M | $293.8M | ||
| Q2 24 | $423.3M | $414.1M | ||
| Q1 24 | $431.5M | $1.1B |
净利润DAYSR
| Q4 25 | — | $95.0M | ||
| Q3 25 | $-196.8M | $-39.8M | ||
| Q2 25 | $21.3M | $20.9M | ||
| Q1 25 | $14.9M | $209.3M | ||
| Q4 24 | $10.8M | $81.3M | ||
| Q3 24 | $2.0M | $-25.9M | ||
| Q2 24 | $-1.8M | $-12.6M | ||
| Q1 24 | $7.1M | $204.3M |
毛利率DAYSR
| Q4 25 | — | 55.1% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.0% | 55.6% | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 44.1% | — | ||
| Q1 24 | 47.6% | — |
营业利润率DAYSR
| Q4 25 | — | 22.8% | ||
| Q3 25 | 6.3% | -0.1% | ||
| Q2 25 | 9.1% | 16.4% | ||
| Q1 25 | 6.4% | 29.1% | ||
| Q4 24 | 6.1% | 22.2% | ||
| Q3 24 | 4.7% | 6.7% | ||
| Q2 24 | 3.3% | 7.4% | ||
| Q1 24 | 9.4% | 26.5% |
净利率DAYSR
| Q4 25 | — | 12.5% | ||
| Q3 25 | -40.9% | -11.9% | ||
| Q2 25 | 4.6% | 5.0% | ||
| Q1 25 | 3.1% | 19.9% | ||
| Q4 24 | 2.3% | 12.2% | ||
| Q3 24 | 0.5% | -8.8% | ||
| Q2 24 | -0.4% | -3.0% | ||
| Q1 24 | 1.6% | 18.1% |
每股收益（稀释后）DAYSR
| Q4 25 | — | $1.54 | ||
| Q3 25 | $-1.23 | $-0.77 | ||
| Q2 25 | $0.13 | $0.29 | ||
| Q1 25 | $0.09 | $3.51 | ||
| Q4 24 | $0.07 | $1.34 | ||
| Q3 24 | $0.01 | $-0.63 | ||
| Q2 24 | $-0.01 | $-0.28 | ||
| Q1 24 | $0.04 | $3.58 |
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 | $4.1M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $3.4B |
| 总资产 | $8.7B | $11.9B |
| 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DAYSR
| Q4 25 | — | $4.1M | ||
| Q3 25 | $627.6M | $5.7M | ||
| Q2 25 | $625.2M | $13.1M | ||
| Q1 25 | $557.3M | $15.2M | ||
| Q4 24 | $579.7M | $11.5M | ||
| Q3 24 | $494.1M | $4.5M | ||
| Q2 24 | $465.4M | $7.4M | ||
| Q1 24 | $392.5M | $25.6M |
总债务DAYSR
| 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DAYSR
| Q4 25 | — | $3.4B | ||
| Q3 25 | $2.7B | $3.4B | ||
| Q2 25 | $2.7B | $3.5B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.5B | $3.3B | ||
| Q3 24 | $2.6B | $3.2B | ||
| Q2 24 | $2.5B | $3.3B | ||
| Q1 24 | $2.4B | $3.4B |
总资产DAYSR
| Q4 25 | — | $11.9B | ||
| Q3 25 | $8.7B | $11.6B | ||
| Q2 25 | $8.5B | $11.4B | ||
| Q1 25 | $9.5B | $11.3B | ||
| Q4 24 | $9.1B | $11.3B | ||
| Q3 24 | $8.1B | $10.9B | ||
| Q2 24 | $9.0B | $10.7B | ||
| Q1 24 | $10.8B | $10.7B |
负债/权益比DAYSR
| 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 | $81.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-121.8M |
| 自由现金流率自由现金流/营收 | — | -16.0% |
| 资本支出强度资本支出/营收 | — | 26.6% |
| 现金转化率经营现金流/净利润 | — | 0.85× |
| 过去12个月自由现金流最近4个季度 | — | $-286.7M |
8季度趋势，按日历期对齐
经营现金流DAYSR
| Q4 25 | — | $81.0M | ||
| Q3 25 | $31.2M | $-4.9M | ||
| Q2 25 | $112.7M | $129.1M | ||
| Q1 25 | $49.6M | $372.7M | ||
| Q4 24 | $81.0M | $81.1M | ||
| Q3 24 | $91.8M | $82.9M | ||
| Q2 24 | $99.2M | $270.1M | ||
| Q1 24 | $9.1M | $489.4M |
自由现金流DAYSR
| Q4 25 | — | $-121.8M | ||
| Q3 25 | — | $-227.6M | ||
| Q2 25 | — | $-91.4M | ||
| Q1 25 | — | $154.1M | ||
| Q4 24 | — | $-179.5M | ||
| Q3 24 | — | $-146.9M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $306.6M |
自由现金流率DAYSR
| Q4 25 | — | -16.0% | ||
| Q3 25 | — | -68.1% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | -26.8% | ||
| Q3 24 | — | -50.0% | ||
| Q2 24 | — | 11.6% | ||
| Q1 24 | — | 27.2% |
资本支出强度DAYSR
| Q4 25 | — | 26.6% | ||
| Q3 25 | — | 66.7% | ||
| Q2 25 | — | 52.3% | ||
| Q1 25 | — | 20.8% | ||
| Q4 24 | — | 38.9% | ||
| Q3 24 | — | 78.2% | ||
| Q2 24 | — | 53.7% | ||
| Q1 24 | — | 16.2% |
现金转化率DAYSR
| Q4 25 | — | 0.85× | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.29× | 6.18× | ||
| Q1 25 | 3.33× | 1.78× | ||
| Q4 24 | 7.50× | 1.00× | ||
| Q3 24 | 45.90× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.28× | 2.40× |
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% |
SR
| Residential | $474.9M | 62% |
| Commercial And Industrial | $148.4M | 19% |
| Gas Marketing | $41.1M | 5% |
| Midstream | $39.0M | 5% |
| Transportation | $37.1M | 5% |
| Offsystem And Other Inventive | $19.7M | 3% |
| Other Customer Revenue | $4.6M | 1% |
