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英特格（ENTG）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
Paychex的季度营收约是英特格的1.8倍（$1.5B vs $823.9M），Paychex净利率更高（26.3% vs 6.0%，领先20.3%），Paychex同比增速更快（17.4% vs -3.1%），Paychex自由现金流更多（$382.8M vs $134.0M），过去两年Paychex的营收复合增速更高（3.8% vs 3.4%）
英特格是面向半导体及其他高科技行业的材料供应商，全球员工约8000人，总部位于美国马萨诸塞州比勒里卡。公司在全球多国及地区布局生产、客户服务与研发设施，覆盖美国、加拿大、中国、德国、以色列、日本、马来西亚、新加坡、韩国、中国台湾等地。
Paychex是美国知名人力资源服务提供商，1971年成立，总部位于纽约州罗切斯特，面向中小微企业提供薪资管理、人力资源外包、员工福利外包等服务。目前在美欧地区拥有超100个办事处，服务约80万家薪资客户，位列《财富》500强第681位。
ENTG vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.8倍
$823.9M
营收增速更快
PAYX
高出20.4%
-3.1%
净利率更高
PAYX
高出20.3%
6.0%
自由现金流更多
PAYX
多$248.8M
$134.0M
两年增速更快
PAYX
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $823.9M | $1.5B |
| 净利润 | $49.4M | $395.4M |
| 毛利率 | 43.8% | 72.6% |
| 营业利润率 | 12.7% | 38.0% |
| 净利率 | 6.0% | 26.3% |
| 营收同比 | -3.1% | 17.4% |
| 净利润同比 | -51.7% | -4.4% |
| 每股收益（稀释后） | $0.33 | $1.10 |
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ENTGPAYX
| Q4 25 | $823.9M | $1.5B | ||
| Q3 25 | $807.1M | $1.5B | ||
| Q2 25 | $792.4M | $1.4B | ||
| Q1 25 | $773.2M | $1.5B | ||
| Q4 24 | $849.8M | $1.3B | ||
| Q3 24 | $807.7M | $1.3B | ||
| Q2 24 | $812.7M | $1.3B | ||
| Q1 24 | $771.0M | $1.4B |
净利润ENTGPAYX
| Q4 25 | $49.4M | $395.4M | ||
| Q3 25 | $70.5M | $383.8M | ||
| Q2 25 | $52.8M | $297.2M | ||
| Q1 25 | $62.9M | $519.3M | ||
| Q4 24 | $102.2M | $413.4M | ||
| Q3 24 | $77.6M | $427.4M | ||
| Q2 24 | $67.7M | $379.9M | ||
| Q1 24 | $45.3M | $498.6M |
毛利率ENTGPAYX
| Q4 25 | 43.8% | 72.6% | ||
| Q3 25 | 43.5% | 72.3% | ||
| Q2 25 | 44.4% | 71.5% | ||
| Q1 25 | 46.1% | 73.6% | ||
| Q4 24 | 45.6% | 70.4% | ||
| Q3 24 | 46.0% | 70.3% | ||
| Q2 24 | 46.2% | 70.1% | ||
| Q1 24 | 45.6% | 72.8% |
营业利润率ENTGPAYX
| Q4 25 | 12.7% | 38.0% | ||
| Q3 25 | 15.2% | 36.3% | ||
| Q2 25 | 13.4% | 31.2% | ||
| Q1 25 | 15.8% | 47.2% | ||
| Q4 24 | 17.6% | 42.0% | ||
| Q3 24 | 16.9% | 42.7% | ||
| Q2 24 | 16.0% | 38.3% | ||
| Q1 24 | 15.3% | 46.6% |
净利率ENTGPAYX
| Q4 25 | 6.0% | 26.3% | ||
| Q3 25 | 8.7% | 25.7% | ||
| Q2 25 | 6.7% | 21.5% | ||
| Q1 25 | 8.1% | 35.4% | ||
| Q4 24 | 12.0% | 32.3% | ||
| Q3 24 | 9.6% | 33.4% | ||
| Q2 24 | 8.3% | 30.2% | ||
| Q1 24 | 5.9% | 35.7% |
每股收益（稀释后）ENTGPAYX
| Q4 25 | $0.33 | $1.10 | ||
| Q3 25 | $0.46 | $1.06 | ||
| Q2 25 | $0.35 | $0.83 | ||
| Q1 25 | $0.41 | $1.43 | ||
| Q4 24 | $0.67 | $1.14 | ||
| Q3 24 | $0.51 | $1.18 | ||
| Q2 24 | $0.45 | $1.05 | ||
| Q1 24 | $0.30 | $1.38 |
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 | $360.4M | $1.5B |
| 总债务越低越好 | $3.7B | $5.0B |
| 股东权益账面价值 | $4.0B | $3.9B |
| 总资产 | $8.4B | $16.5B |
| 负债/权益比越低杠杆越低 | 0.94× | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资ENTGPAYX
| Q4 25 | $360.4M | $1.5B | ||
| Q3 25 | $399.8M | $1.7B | ||
| Q2 25 | $376.8M | $1.7B | ||
| Q1 25 | $340.9M | $1.6B | ||
| Q4 24 | $329.2M | $1.2B | ||
| Q3 24 | $432.1M | $1.5B | ||
| Q2 24 | $320.0M | $1.5B | ||
| Q1 24 | $340.7M | $1.7B |
总债务ENTGPAYX
| Q4 25 | $3.7B | $5.0B | ||
| Q3 25 | $3.8B | $5.0B | ||
| Q2 25 | $4.0B | $4.9B | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | $798.6M | ||
| Q1 24 | $4.2B | — |
股东权益ENTGPAYX
| Q4 25 | $4.0B | $3.9B | ||
| Q3 25 | $3.9B | $4.0B | ||
| Q2 25 | $3.8B | $4.1B | ||
| Q1 25 | $3.7B | $4.1B | ||
| Q4 24 | $3.7B | $3.9B | ||
| Q3 24 | $3.6B | $3.9B | ||
| Q2 24 | $3.5B | $3.8B | ||
| Q1 24 | $3.4B | $3.7B |
总资产ENTGPAYX
| Q4 25 | $8.4B | $16.5B | ||
| Q3 25 | $8.4B | $16.7B | ||
| Q2 25 | $8.4B | $16.6B | ||
| Q1 25 | $8.4B | $11.2B | ||
| Q4 24 | $8.4B | $10.6B | ||
| Q3 24 | $8.5B | $10.5B | ||
| Q2 24 | $8.3B | $10.4B | ||
| Q1 24 | $8.4B | $13.0B |
负债/权益比ENTGPAYX
| Q4 25 | 0.94× | 1.28× | ||
| Q3 25 | 0.99× | 1.25× | ||
| Q2 25 | 1.05× | 1.20× | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.08× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.18× | 0.21× | ||
| Q1 24 | 1.22× | — |
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 | $192.0M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $134.0M | $382.8M |
| 自由现金流率自由现金流/营收 | 16.3% | 25.5% |
| 资本支出强度资本支出/营收 | 7.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 3.89× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $396.2M | $2.0B |
8季度趋势，按日历期对齐
经营现金流ENTGPAYX
| Q4 25 | $192.0M | $444.9M | ||
| Q3 25 | $249.5M | $718.4M | ||
| Q2 25 | $113.5M | $343.8M | ||
| Q1 25 | $140.4M | $716.0M | ||
| Q4 24 | $176.1M | $295.0M | ||
| Q3 24 | $197.2M | $546.1M | ||
| Q2 24 | $111.2M | $221.7M | ||
| Q1 24 | $147.2M | $671.7M |
自由现金流ENTGPAYX
| Q4 25 | $134.0M | $382.8M | ||
| Q3 25 | $182.8M | $662.5M | ||
| Q2 25 | $47.0M | $283.3M | ||
| Q1 25 | $32.4M | $667.3M | ||
| Q4 24 | $68.6M | $248.0M | ||
| Q3 24 | $115.0M | $510.5M | ||
| Q2 24 | $51.9M | $180.4M | ||
| Q1 24 | $80.6M | $631.0M |
自由现金流率ENTGPAYX
| Q4 25 | 16.3% | 25.5% | ||
| Q3 25 | 22.6% | 44.4% | ||
| Q2 25 | 5.9% | 20.5% | ||
| Q1 25 | 4.2% | 45.5% | ||
| Q4 24 | 8.1% | 19.4% | ||
| Q3 24 | 14.2% | 39.9% | ||
| Q2 24 | 6.4% | 14.4% | ||
| Q1 24 | 10.4% | 45.2% |
资本支出强度ENTGPAYX
| Q4 25 | 7.0% | 4.1% | ||
| Q3 25 | 8.3% | 3.7% | ||
| Q2 25 | 8.4% | 4.4% | ||
| Q1 25 | 14.0% | 3.3% | ||
| Q4 24 | 12.7% | 3.7% | ||
| Q3 24 | 10.2% | 2.8% | ||
| Q2 24 | 7.3% | 3.3% | ||
| Q1 24 | 8.6% | 2.9% |
现金转化率ENTGPAYX
| Q4 25 | 3.89× | 1.13× | ||
| Q3 25 | 3.54× | 1.87× | ||
| Q2 25 | 2.15× | 1.16× | ||
| Q1 25 | 2.23× | 1.38× | ||
| Q4 24 | 1.72× | 0.71× | ||
| Q3 24 | 2.54× | 1.28× | ||
| Q2 24 | 1.64× | 0.58× | ||
| Q1 24 | 3.25× | 1.35× |
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
ENTG
| Fabs | $516.3M | 63% |
| Equipment And Engineering | $121.8M | 15% |
| Chemical And Materials | $83.8M | 10% |
| Other | $61.7M | 7% |
| Non Semi | $40.3M | 5% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
