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Dayforce（DAY）与Waystar Holding Corp.（WAY）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Waystar Holding Corp.的1.5倍（$481.6M vs $313.9M），Waystar Holding Corp.净利率更高（13.8% vs -40.9%，领先54.7%），Waystar Holding Corp.同比增速更快（22.4% vs 9.5%），过去两年Waystar Holding Corp.的营收复合增速更高（15.7% 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。
Waystar Holding Corp是一家领先的医疗健康支付与营收周期管理解决方案提供商，服务覆盖美国各地的医疗机构、医疗系统和支付方，旗下工具可简化账单处理、理赔申请、患者缴费流程，帮助医疗机构降低行政负担、优化营收表现。
DAY vs WAY — 直观对比
营收规模更大
DAY
是对方的1.5倍
$313.9M
营收增速更快
WAY
高出12.9%
9.5%
净利率更高
WAY
高出54.7%
-40.9%
两年增速更快
WAY
近两年复合增速
9.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $313.9M |
| 净利润 | $-196.8M | $43.3M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | 25.6% |
| 净利率 | -40.9% | 13.8% |
| 营收同比 | 9.5% | 22.4% |
| 净利润同比 | -9940.0% | 47.9% |
| 每股收益（稀释后） | $-1.23 | $0.42 |
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DAYWAY
| Q1 26 | — | $313.9M | ||
| Q4 25 | — | $303.5M | ||
| Q3 25 | $481.6M | $268.7M | ||
| Q2 25 | $464.7M | $270.7M | ||
| Q1 25 | $481.8M | $256.4M | ||
| Q4 24 | $465.2M | $244.1M | ||
| Q3 24 | $440.0M | $240.1M | ||
| Q2 24 | $423.3M | $234.5M |
净利润DAYWAY
| Q1 26 | — | $43.3M | ||
| Q4 25 | — | $20.0M | ||
| Q3 25 | $-196.8M | $30.6M | ||
| Q2 25 | $21.3M | $32.2M | ||
| Q1 25 | $14.9M | $29.3M | ||
| Q4 24 | $10.8M | $19.1M | ||
| Q3 24 | $2.0M | $5.4M | ||
| Q2 24 | $-1.8M | $-27.7M |
毛利率DAYWAY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.0% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 44.1% | — |
营业利润率DAYWAY
| Q1 26 | — | 25.6% | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | 6.3% | 22.4% | ||
| Q2 25 | 9.1% | 24.0% | ||
| Q1 25 | 6.4% | 25.4% | ||
| Q4 24 | 6.1% | 21.8% | ||
| Q3 24 | 4.7% | 11.3% | ||
| Q2 24 | 3.3% | 3.5% |
净利率DAYWAY
| Q1 26 | — | 13.8% | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | -40.9% | 11.4% | ||
| Q2 25 | 4.6% | 11.9% | ||
| Q1 25 | 3.1% | 11.4% | ||
| Q4 24 | 2.3% | 7.8% | ||
| Q3 24 | 0.5% | 2.3% | ||
| Q2 24 | -0.4% | -11.8% |
每股收益（稀释后）DAYWAY
| Q1 26 | — | $0.42 | ||
| Q4 25 | — | $0.10 | ||
| Q3 25 | $-1.23 | $0.17 | ||
| Q2 25 | $0.13 | $0.18 | ||
| Q1 25 | $0.09 | $0.16 | ||
| Q4 24 | $0.07 | $0.18 | ||
| Q3 24 | $0.01 | $0.03 | ||
| Q2 24 | $-0.01 | $-0.21 |
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 | $34.3M |
| 总债务越低越好 | $631.1M | $13.5M |
| 股东权益账面价值 | $2.7B | $3.9B |
| 总资产 | $8.7B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.23× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DAYWAY
| Q1 26 | — | $34.3M | ||
| Q4 25 | — | $61.4M | ||
| Q3 25 | $627.6M | $421.1M | ||
| Q2 25 | $625.2M | $290.3M | ||
| Q1 25 | $557.3M | $224.0M | ||
| Q4 24 | $579.7M | $182.1M | ||
| Q3 24 | $494.1M | $127.1M | ||
| Q2 24 | $465.4M | $68.4M |
总债务DAYWAY
| Q1 26 | — | $13.5M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $631.1M | — | ||
| Q2 25 | $631.8M | — | ||
| Q1 25 | $632.4M | — | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
股东权益DAYWAY
| Q1 26 | — | $3.9B | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.7B | $3.2B | ||
| Q1 25 | $2.6B | $3.1B | ||
| Q4 24 | $2.5B | $3.1B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.5B | $2.9B |
总资产DAYWAY
| Q1 26 | — | $5.8B | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | $8.7B | $4.7B | ||
| Q2 25 | $8.5B | $4.7B | ||
| Q1 25 | $9.5B | $4.6B | ||
| Q4 24 | $9.1B | $4.6B | ||
| Q3 24 | $8.1B | $4.5B | ||
| Q2 24 | $9.0B | $4.6B |
负债/权益比DAYWAY
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.38× | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.24× | — | ||
| Q4 24 | 0.47× | 0.40× | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.49× | — |
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 | $84.9M |
| 自由现金流经营现金流 - 资本支出 | — | $90.3M |
| 自由现金流率自由现金流/营收 | — | 28.8% |
| 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 | — | 1.96× |
| 过去12个月自由现金流最近4个季度 | — | $314.6M |
8季度趋势，按日历期对齐
经营现金流DAYWAY
| Q1 26 | — | $84.9M | ||
| Q4 25 | — | $66.6M | ||
| Q3 25 | $31.2M | $82.0M | ||
| Q2 25 | $112.7M | $96.8M | ||
| Q1 25 | $49.6M | $64.2M | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $91.8M | $78.8M | ||
| Q2 24 | $99.2M | $15.4M |
自由现金流DAYWAY
| Q1 26 | — | $90.3M | ||
| Q4 25 | — | $57.2M | ||
| Q3 25 | — | $76.2M | ||
| Q2 25 | — | $91.0M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $70.2M | ||
| Q2 24 | — | $8.6M |
自由现金流率DAYWAY
| Q1 26 | — | 28.8% | ||
| Q4 25 | — | 18.9% | ||
| Q3 25 | — | 28.3% | ||
| Q2 25 | — | 33.6% | ||
| Q1 25 | — | 22.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 3.7% |
资本支出强度DAYWAY
| Q1 26 | — | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 2.9% |
现金转化率DAYWAY
| Q1 26 | — | 1.96× | ||
| Q4 25 | — | 3.33× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | 5.29× | 3.01× | ||
| Q1 25 | 3.33× | 2.20× | ||
| Q4 24 | 7.50× | — | ||
| Q3 24 | 45.90× | 14.56× | ||
| Q2 24 | — | — |
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% |
WAY
| Subscription | $172.2M | 55% |
| Volume-based | $139.5M | 44% |
