vs
Dayforce（DAY）与温德姆酒店及度假村集团（WH）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是温德姆酒店及度假村集团的1.4倍（$481.6M vs $334.0M），温德姆酒店及度假村集团净利率更高（-18.0% vs -40.9%，领先22.9%），Dayforce同比增速更快（9.5% vs -76.3%），过去两年Dayforce的营收复合增速更高（9.8% vs -4.6%）
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。
温德姆酒店及度假村集团是总部位于美国新泽西州帕西帕尼的酒店企业，自称是全球规模最大的酒店特许经营商，在全球范围内共设有9100家门店，旗下拥有多个酒店及度假住宿品牌，服务全球各地的出行旅客。
DAY vs WH — 直观对比
营收规模更大
DAY
是对方的1.4倍
$334.0M
营收增速更快
DAY
高出85.7%
-76.3%
净利率更高
WH
高出22.9%
-40.9%
两年增速更快
DAY
近两年复合增速
-4.6%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $481.6M | $334.0M |
| 净利润 | $-196.8M | $-60.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.3% | — |
| 净利率 | -40.9% | -18.0% |
| 营收同比 | 9.5% | -76.3% |
| 净利润同比 | -9940.0% | -170.6% |
| 每股收益（稀释后） | $-1.23 | $-0.80 |
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DAYWH
| Q1 26 | — | $334.0M | ||
| Q4 25 | — | $334.0M | ||
| Q3 25 | $481.6M | $382.0M | ||
| Q2 25 | $464.7M | $397.0M | ||
| Q1 25 | $481.8M | $316.0M | ||
| Q4 24 | $465.2M | $336.0M | ||
| Q3 24 | $440.0M | $396.0M | ||
| Q2 24 | $423.3M | $367.0M |
净利润DAYWH
| Q1 26 | — | $-60.0M | ||
| Q4 25 | — | $-60.0M | ||
| Q3 25 | $-196.8M | $105.0M | ||
| Q2 25 | $21.3M | $87.0M | ||
| Q1 25 | $14.9M | $61.0M | ||
| Q4 24 | $10.8M | $85.0M | ||
| Q3 24 | $2.0M | $102.0M | ||
| Q2 24 | $-1.8M | $86.0M |
毛利率DAYWH
| 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DAYWH
| Q1 26 | — | — | ||
| Q4 25 | — | -11.4% | ||
| Q3 25 | 6.3% | 46.6% | ||
| Q2 25 | 9.1% | 37.8% | ||
| Q1 25 | 6.4% | 35.4% | ||
| Q4 24 | 6.1% | 38.4% | ||
| Q3 24 | 4.7% | 43.2% | ||
| Q2 24 | 3.3% | 39.5% |
净利率DAYWH
| Q1 26 | — | -18.0% | ||
| Q4 25 | — | -18.0% | ||
| Q3 25 | -40.9% | 27.5% | ||
| Q2 25 | 4.6% | 21.9% | ||
| Q1 25 | 3.1% | 19.3% | ||
| Q4 24 | 2.3% | 25.3% | ||
| Q3 24 | 0.5% | 25.8% | ||
| Q2 24 | -0.4% | 23.4% |
每股收益（稀释后）DAYWH
| Q1 26 | — | $-0.80 | ||
| Q4 25 | — | $-0.77 | ||
| Q3 25 | $-1.23 | $1.36 | ||
| Q2 25 | $0.13 | $1.13 | ||
| Q1 25 | $0.09 | $0.78 | ||
| Q4 24 | $0.07 | $1.06 | ||
| Q3 24 | $0.01 | $1.29 | ||
| Q2 24 | $-0.01 | $1.07 |
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 | $64.0M |
| 总债务越低越好 | $631.1M | — |
| 股东权益账面价值 | $2.7B | $468.0M |
| 总资产 | $8.7B | $4.2B |
| 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DAYWH
| Q1 26 | — | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | $627.6M | $70.0M | ||
| Q2 25 | $625.2M | $50.0M | ||
| Q1 25 | $557.3M | $48.0M | ||
| Q4 24 | $579.7M | $103.0M | ||
| Q3 24 | $494.1M | $72.0M | ||
| Q2 24 | $465.4M | $70.0M |
总债务DAYWH
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $631.1M | $2.6B | ||
| Q2 25 | $631.8M | $2.5B | ||
| Q1 25 | $632.4M | $2.5B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.4B |
股东权益DAYWH
| Q1 26 | — | $468.0M | ||
| Q4 25 | — | $468.0M | ||
| Q3 25 | $2.7B | $583.0M | ||
| Q2 25 | $2.7B | $570.0M | ||
| Q1 25 | $2.6B | $579.0M | ||
| Q4 24 | $2.5B | $650.0M | ||
| Q3 24 | $2.6B | $583.0M | ||
| Q2 24 | $2.5B | $623.0M |
总资产DAYWH
| Q1 26 | — | $4.2B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $8.7B | $4.3B | ||
| Q2 25 | $8.5B | $4.3B | ||
| Q1 25 | $9.5B | $4.2B | ||
| Q4 24 | $9.1B | $4.2B | ||
| Q3 24 | $8.1B | $4.2B | ||
| Q2 24 | $9.0B | $4.2B |
负债/权益比DAYWH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | 0.23× | 4.43× | ||
| Q2 25 | 0.23× | 4.44× | ||
| Q1 25 | 0.24× | 4.29× | ||
| Q4 24 | 0.47× | 3.72× | ||
| Q3 24 | 0.47× | 4.19× | ||
| Q2 24 | 0.49× | 3.83× |
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 | $367.0M |
| 自由现金流经营现金流 - 资本支出 | — | $168.0M |
| 自由现金流率自由现金流/营收 | — | 50.3% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $437.0M |
8季度趋势，按日历期对齐
经营现金流DAYWH
| Q1 26 | — | $367.0M | ||
| Q4 25 | — | $152.0M | ||
| Q3 25 | $31.2M | $86.0M | ||
| Q2 25 | $112.7M | $70.0M | ||
| Q1 25 | $49.6M | $59.0M | ||
| Q4 24 | $81.0M | $134.0M | ||
| Q3 24 | $91.8M | $79.0M | ||
| Q2 24 | $99.2M | $1.0M |
自由现金流DAYWH
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $-6.0M |
自由现金流率DAYWH
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | -1.6% |
资本支出强度DAYWH
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
现金转化率DAYWH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | 5.29× | 0.80× | ||
| Q1 25 | 3.33× | 0.97× | ||
| Q4 24 | 7.50× | 1.58× | ||
| Q3 24 | 45.90× | 0.77× | ||
| Q2 24 | — | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
