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Element Solutions Inc（ESI）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Element Solutions Inc的1.8倍（$1.5B vs $840.0M），Paychex净利率更高（26.3% vs 6.7%，领先19.6%），Element Solutions Inc同比增速更快（41.0% vs 17.4%），Paychex自由现金流更多（$382.8M vs $-74.2M），过去两年Element Solutions Inc的营收复合增速更高（17.1% vs 3.8%）
Element Solutions Inc是一家总部位于美国的特种化学品生产企业，专注于特种化学品领域的生产运营，于纽约证券交易所挂牌上市，业务覆盖全球多个市场，为各行业客户提供专业的特种化学品产品及相关解决方案。
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。
ESI vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.8倍
$840.0M
营收增速更快
ESI
高出23.6%
17.4%
净利率更高
PAYX
高出19.6%
6.7%
自由现金流更多
PAYX
多$457.0M
$-74.2M
两年增速更快
ESI
近两年复合增速
3.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $840.0M | $1.5B |
| 净利润 | $56.0M | $395.4M |
| 毛利率 | 38.4% | 72.6% |
| 营业利润率 | 13.3% | 38.0% |
| 净利率 | 6.7% | 26.3% |
| 营收同比 | 41.0% | 17.4% |
| 净利润同比 | -42.9% | -4.4% |
| 每股收益（稀释后） | $0.23 | $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ESIPAYX
| Q1 26 | $840.0M | — | ||
| Q4 25 | $676.2M | $1.5B | ||
| Q3 25 | $656.1M | $1.5B | ||
| Q2 25 | $625.2M | $1.4B | ||
| Q1 25 | $593.7M | $1.5B | ||
| Q4 24 | $624.2M | $1.3B | ||
| Q3 24 | $645.0M | $1.3B | ||
| Q2 24 | $612.7M | $1.3B |
净利润ESIPAYX
| Q1 26 | $56.0M | — | ||
| Q4 25 | $6.2M | $395.4M | ||
| Q3 25 | $39.3M | $383.8M | ||
| Q2 25 | $47.4M | $297.2M | ||
| Q1 25 | $98.0M | $519.3M | ||
| Q4 24 | $54.7M | $413.4M | ||
| Q3 24 | $40.3M | $427.4M | ||
| Q2 24 | $93.2M | $379.9M |
毛利率ESIPAYX
| Q1 26 | 38.4% | — | ||
| Q4 25 | 40.9% | 72.6% | ||
| Q3 25 | 42.2% | 72.3% | ||
| Q2 25 | 42.6% | 71.5% | ||
| Q1 25 | 42.2% | 73.6% | ||
| Q4 24 | 41.0% | 70.4% | ||
| Q3 24 | 41.5% | 70.3% | ||
| Q2 24 | 43.6% | 70.1% |
营业利润率ESIPAYX
| Q1 26 | 13.3% | — | ||
| Q4 25 | 10.3% | 38.0% | ||
| Q3 25 | 15.4% | 36.3% | ||
| Q2 25 | 15.1% | 31.2% | ||
| Q1 25 | 13.0% | 47.2% | ||
| Q4 24 | 12.0% | 42.0% | ||
| Q3 24 | 14.7% | 42.7% | ||
| Q2 24 | 15.7% | 38.3% |
净利率ESIPAYX
| Q1 26 | 6.7% | — | ||
| Q4 25 | 0.9% | 26.3% | ||
| Q3 25 | 6.0% | 25.7% | ||
| Q2 25 | 7.6% | 21.5% | ||
| Q1 25 | 16.5% | 35.4% | ||
| Q4 24 | 8.8% | 32.3% | ||
| Q3 24 | 6.2% | 33.4% | ||
| Q2 24 | 15.2% | 30.2% |
每股收益（稀释后）ESIPAYX
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.03 | $1.10 | ||
| Q3 25 | $0.16 | $1.06 | ||
| Q2 25 | $0.20 | $0.83 | ||
| Q1 25 | $0.40 | $1.43 | ||
| Q4 24 | $0.22 | $1.14 | ||
| Q3 24 | $0.17 | $1.18 | ||
| Q2 24 | $0.39 | $1.05 |
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 | $177.3M | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $2.7B | $3.9B |
| 总资产 | $5.7B | $16.5B |
| 负债/权益比越低杠杆越低 | — | 1.28× |
8季度趋势，按日历期对齐
现金及短期投资ESIPAYX
| Q1 26 | $177.3M | — | ||
| Q4 25 | $626.5M | $1.5B | ||
| Q3 25 | $594.3M | $1.7B | ||
| Q2 25 | $529.9M | $1.7B | ||
| Q1 25 | $499.2M | $1.6B | ||
| Q4 24 | $359.4M | $1.2B | ||
| Q3 24 | $376.0M | $1.5B | ||
| Q2 24 | $309.3M | $1.5B |
总债务ESIPAYX
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $5.0B | ||
| Q3 25 | $1.6B | $5.0B | ||
| Q2 25 | $1.6B | $4.9B | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | $798.6M |
股东权益ESIPAYX
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $3.9B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.6B | $4.1B | ||
| Q1 25 | $2.5B | $4.1B | ||
| Q4 24 | $2.4B | $3.9B | ||
| Q3 24 | $2.4B | $3.9B | ||
| Q2 24 | $2.4B | $3.8B |
总资产ESIPAYX
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.1B | $16.5B | ||
| Q3 25 | $5.0B | $16.7B | ||
| Q2 25 | $5.0B | $16.6B | ||
| Q1 25 | $4.8B | $11.2B | ||
| Q4 24 | $4.9B | $10.6B | ||
| Q3 24 | $5.1B | $10.5B | ||
| Q2 24 | $5.0B | $10.4B |
负债/权益比ESIPAYX
| Q1 26 | — | — | ||
| Q4 25 | 0.61× | 1.28× | ||
| Q3 25 | 0.61× | 1.25× | ||
| Q2 25 | 0.62× | 1.20× | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.76× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.81× | 0.21× |
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 | — | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $-74.2M | $382.8M |
| 自由现金流率自由现金流/营收 | -8.8% | 25.5% |
| 资本支出强度资本支出/营收 | 3.0% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $2.0B |
8季度趋势，按日历期对齐
经营现金流ESIPAYX
| Q1 26 | — | — | ||
| Q4 25 | — | $444.9M | ||
| Q3 25 | $100.1M | $718.4M | ||
| Q2 25 | — | $343.8M | ||
| Q1 25 | $26.0M | $716.0M | ||
| Q4 24 | — | $295.0M | ||
| Q3 24 | $98.5M | $546.1M | ||
| Q2 24 | — | $221.7M |
自由现金流ESIPAYX
| Q1 26 | $-74.2M | — | ||
| Q4 25 | — | $382.8M | ||
| Q3 25 | $83.6M | $662.5M | ||
| Q2 25 | — | $283.3M | ||
| Q1 25 | $15.0M | $667.3M | ||
| Q4 24 | — | $248.0M | ||
| Q3 24 | $85.9M | $510.5M | ||
| Q2 24 | — | $180.4M |
自由现金流率ESIPAYX
| Q1 26 | -8.8% | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | 12.7% | 44.4% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | 2.5% | 45.5% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | 13.3% | 39.9% | ||
| Q2 24 | — | 14.4% |
资本支出强度ESIPAYX
| Q1 26 | 3.0% | — | ||
| Q4 25 | 2.5% | 4.1% | ||
| Q3 25 | 2.5% | 3.7% | ||
| Q2 25 | 2.8% | 4.4% | ||
| Q1 25 | 1.9% | 3.3% | ||
| Q4 24 | 3.6% | 3.7% | ||
| Q3 24 | 2.0% | 2.8% | ||
| Q2 24 | 2.4% | 3.3% |
现金转化率ESIPAYX
| Q1 26 | — | — | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 2.55× | 1.87× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | 0.27× | 1.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | 2.44× | 1.28× | ||
| Q2 24 | — | 0.58× |
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
ESI
| Electronics ex-Metals | $377.8M | 45% |
| Pass-through Metals | $255.7M | 30% |
| Other | $206.5M | 25% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
