vs
Dayforce（DAY）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是Dayforce的1.0倍（$492.9M vs $481.6M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -40.9%，领先60.5%），Dayforce同比增速更快（9.5% vs 8.5%），过去两年Dayforce的营收复合增速更高（9.8% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
DAY vs STWD — 直观对比
营收规模更大
STWD
是对方的1.0倍
$481.6M
营收增速更快
DAY
高出1.0%
8.5%
净利率更高
STWD
高出60.5%
-40.9%
两年增速更快
DAY
近两年复合增速
-2.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $492.9M |
| 净利润 | $-196.8M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 26.6% |
| 净利率 | -40.9% | 19.7% |
| 营收同比 | 9.5% | 8.5% |
| 净利润同比 | -9940.0% | 87.7% |
| 每股收益（稀释后） | $-1.23 | $0.25 |
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DAYSTWD
| Q4 25 | — | $492.9M | ||
| Q3 25 | $481.6M | $488.9M | ||
| Q2 25 | $464.7M | $444.3M | ||
| Q1 25 | $481.8M | $418.2M | ||
| Q4 24 | $465.2M | $454.4M | ||
| Q3 24 | $440.0M | $479.5M | ||
| Q2 24 | $423.3M | $489.8M | ||
| Q1 24 | $431.5M | $523.1M |
净利润DAYSTWD
| Q4 25 | — | $96.9M | ||
| Q3 25 | $-196.8M | $72.6M | ||
| Q2 25 | $21.3M | $129.8M | ||
| Q1 25 | $14.9M | $112.3M | ||
| Q4 24 | $10.8M | $51.6M | ||
| Q3 24 | $2.0M | $76.1M | ||
| Q2 24 | $-1.8M | $77.9M | ||
| Q1 24 | $7.1M | $154.3M |
毛利率DAYSTWD
| 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DAYSTWD
| Q4 25 | — | 26.6% | ||
| Q3 25 | 6.3% | 19.1% | ||
| Q2 25 | 9.1% | 30.5% | ||
| Q1 25 | 6.4% | 28.7% | ||
| Q4 24 | 6.1% | 15.1% | ||
| Q3 24 | 4.7% | 17.2% | ||
| Q2 24 | 3.3% | 19.1% | ||
| Q1 24 | 9.4% | 30.8% |
净利率DAYSTWD
| Q4 25 | — | 19.7% | ||
| Q3 25 | -40.9% | 14.8% | ||
| Q2 25 | 4.6% | 29.2% | ||
| Q1 25 | 3.1% | 26.8% | ||
| Q4 24 | 2.3% | 11.4% | ||
| Q3 24 | 0.5% | 15.9% | ||
| Q2 24 | -0.4% | 15.9% | ||
| Q1 24 | 1.6% | 29.5% |
每股收益（稀释后）DAYSTWD
| Q4 25 | — | $0.25 | ||
| Q3 25 | $-1.23 | $0.19 | ||
| Q2 25 | $0.13 | $0.38 | ||
| Q1 25 | $0.09 | $0.33 | ||
| Q4 24 | $0.07 | $0.15 | ||
| Q3 24 | $0.01 | $0.23 | ||
| Q2 24 | $-0.01 | $0.24 | ||
| Q1 24 | $0.04 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $6.8B |
| 总资产 | $8.7B | $63.2B |
| 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DAYSTWD
| Q4 25 | — | $499.5M | ||
| Q3 25 | $627.6M | $301.1M | ||
| Q2 25 | $625.2M | $259.9M | ||
| Q1 25 | $557.3M | $440.6M | ||
| Q4 24 | $579.7M | $377.8M | ||
| Q3 24 | $494.1M | $357.9M | ||
| Q2 24 | $465.4M | $259.3M | ||
| Q1 24 | $392.5M | $327.4M |
总债务DAYSTWD
| 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DAYSTWD
| Q4 25 | — | $6.8B | ||
| Q3 25 | $2.7B | $6.9B | ||
| Q2 25 | $2.7B | $6.4B | ||
| Q1 25 | $2.6B | $6.4B | ||
| Q4 24 | $2.5B | $6.4B | ||
| Q3 24 | $2.6B | $6.5B | ||
| Q2 24 | $2.5B | $6.2B | ||
| Q1 24 | $2.4B | $6.3B |
总资产DAYSTWD
| Q4 25 | — | $63.2B | ||
| Q3 25 | $8.7B | $62.4B | ||
| Q2 25 | $8.5B | $62.4B | ||
| Q1 25 | $9.5B | $62.2B | ||
| Q4 24 | $9.1B | $62.6B | ||
| Q3 24 | $8.1B | $64.2B | ||
| Q2 24 | $9.0B | $64.1B | ||
| Q1 24 | $10.8B | $66.2B |
负债/权益比DAYSTWD
| 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 | $488.8M |
| 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 | — | 5.04× |
| 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DAYSTWD
| Q4 25 | — | $488.8M | ||
| Q3 25 | $31.2M | $337.6M | ||
| Q2 25 | $112.7M | $-87.4M | ||
| Q1 25 | $49.6M | $238.9M | ||
| Q4 24 | $81.0M | $295.6M | ||
| Q3 24 | $91.8M | $241.8M | ||
| Q2 24 | $99.2M | $53.3M | ||
| Q1 24 | $9.1M | $55.9M |
现金转化率DAYSTWD
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | 5.29× | -0.67× | ||
| Q1 25 | 3.33× | 2.13× | ||
| Q4 24 | 7.50× | 5.72× | ||
| Q3 24 | 45.90× | 3.18× | ||
| Q2 24 | — | 0.68× | ||
| Q1 24 | 1.28× | 0.36× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
