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赫兹（HTZ）与Paychex（PAYX）财务数据对比。点击上方公司名可切换其他公司
赫兹的季度营收约是Paychex的1.3倍（$2.0B vs $1.5B），Paychex净利率更高（26.3% vs -9.6%，领先35.9%），Paychex同比增速更快（17.4% vs -0.6%），过去两年Paychex的营收复合增速更高（3.8% vs -1.3%）
赫兹全球控股是美国知名汽车租赁企业，总部位于佛罗里达州埃斯特罗。公司运营赫兹同名核心品牌，同时拥有Dollar、Firefly、Thrifty等多个汽车租赁子品牌，业务覆盖全球广泛市场，为客户提供多元出行租赁解决方案。
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。
HTZ vs PAYX — 直观对比
营收规模更大
HTZ
是对方的1.3倍
$1.5B
营收增速更快
PAYX
高出18.0%
-0.6%
净利率更高
PAYX
高出35.9%
-9.6%
两年增速更快
PAYX
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.5B |
| 净利润 | $-194.0M | $395.4M |
| 毛利率 | — | 72.6% |
| 营业利润率 | -11.0% | 38.0% |
| 净利率 | -9.6% | 26.3% |
| 营收同比 | -0.6% | 17.4% |
| 净利润同比 | 59.5% | -4.4% |
| 每股收益（稀释后） | $-0.46 | $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HTZPAYX
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.5B | $1.5B | ||
| Q2 25 | $2.2B | $1.4B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.4B | $1.3B | ||
| Q1 24 | $2.1B | $1.4B |
净利润HTZPAYX
| Q4 25 | $-194.0M | $395.4M | ||
| Q3 25 | $184.0M | $383.8M | ||
| Q2 25 | $-294.0M | $297.2M | ||
| Q1 25 | $-443.0M | $519.3M | ||
| Q4 24 | $-479.0M | $413.4M | ||
| Q3 24 | $-1.3B | $427.4M | ||
| Q2 24 | $-865.0M | $379.9M | ||
| Q1 24 | $-186.0M | $498.6M |
毛利率HTZPAYX
| Q4 25 | — | 72.6% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 73.6% | ||
| Q4 24 | — | 70.4% | ||
| Q3 24 | — | 70.3% | ||
| Q2 24 | — | 70.1% | ||
| Q1 24 | — | 72.8% |
营业利润率HTZPAYX
| Q4 25 | -11.0% | 38.0% | ||
| Q3 25 | 9.4% | 36.3% | ||
| Q2 25 | -14.5% | 31.2% | ||
| Q1 25 | -29.0% | 47.2% | ||
| Q4 24 | -27.6% | 42.0% | ||
| Q3 24 | -62.9% | 42.7% | ||
| Q2 24 | -20.1% | 38.3% | ||
| Q1 24 | -27.9% | 46.6% |
净利率HTZPAYX
| Q4 25 | -9.6% | 26.3% | ||
| Q3 25 | 7.4% | 25.7% | ||
| Q2 25 | -13.5% | 21.5% | ||
| Q1 25 | -24.4% | 35.4% | ||
| Q4 24 | -23.5% | 32.3% | ||
| Q3 24 | -51.7% | 33.4% | ||
| Q2 24 | -36.8% | 30.2% | ||
| Q1 24 | -8.9% | 35.7% |
每股收益（稀释后）HTZPAYX
| Q4 25 | $-0.46 | $1.10 | ||
| Q3 25 | $0.42 | $1.06 | ||
| Q2 25 | $-0.95 | $0.83 | ||
| Q1 25 | $-1.44 | $1.43 | ||
| Q4 24 | $-1.57 | $1.14 | ||
| Q3 24 | $-4.34 | $1.18 | ||
| Q2 24 | $-2.82 | $1.05 | ||
| Q1 24 | $-0.61 | $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 | $565.0M | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $-459.0M | $3.9B |
| 总资产 | $22.3B | $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HTZPAYX
| Q4 25 | $565.0M | $1.5B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $503.0M | $1.7B | ||
| Q1 25 | $626.0M | $1.6B | ||
| Q4 24 | $592.0M | $1.2B | ||
| Q3 24 | $501.0M | $1.5B | ||
| Q2 24 | $568.0M | $1.5B | ||
| Q1 24 | $465.0M | $1.7B |
总债务HTZPAYX
| Q4 25 | — | $5.0B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $798.6M | ||
| Q1 24 | — | — |
股东权益HTZPAYX
| Q4 25 | $-459.0M | $3.9B | ||
| Q3 25 | $-317.0M | $4.0B | ||
| Q2 25 | $-504.0M | $4.1B | ||
| Q1 25 | $-262.0M | $4.1B | ||
| Q4 24 | $153.0M | $3.9B | ||
| Q3 24 | $681.0M | $3.9B | ||
| Q2 24 | $2.0B | $3.8B | ||
| Q1 24 | $2.8B | $3.7B |
总资产HTZPAYX
| Q4 25 | $22.3B | $16.5B | ||
| Q3 25 | $23.0B | $16.7B | ||
| Q2 25 | $23.1B | $16.6B | ||
| Q1 25 | $22.0B | $11.2B | ||
| Q4 24 | $21.8B | $10.6B | ||
| Q3 24 | $23.0B | $10.5B | ||
| Q2 24 | $25.2B | $10.4B | ||
| Q1 24 | $24.3B | $13.0B |
负债/权益比HTZPAYX
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.21× | ||
| Q1 24 | — | — |
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 | $193.0M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | — | $382.8M |
| 自由现金流率自由现金流/营收 | — | 25.5% |
| 资本支出强度资本支出/营收 | — | 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HTZPAYX
| Q4 25 | $193.0M | $444.9M | ||
| Q3 25 | $835.0M | $718.4M | ||
| Q2 25 | $346.0M | $343.8M | ||
| Q1 25 | $251.0M | $716.0M | ||
| Q4 24 | $414.0M | $295.0M | ||
| Q3 24 | $894.0M | $546.1M | ||
| Q2 24 | $546.0M | $221.7M | ||
| Q1 24 | $370.0M | $671.7M |
自由现金流HTZPAYX
| Q4 25 | — | $382.8M | ||
| Q3 25 | — | $662.5M | ||
| Q2 25 | — | $283.3M | ||
| Q1 25 | — | $667.3M | ||
| Q4 24 | — | $248.0M | ||
| Q3 24 | — | $510.5M | ||
| Q2 24 | — | $180.4M | ||
| Q1 24 | — | $631.0M |
自由现金流率HTZPAYX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 45.5% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 45.2% |
资本支出强度HTZPAYX
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.4% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 2.9% |
现金转化率HTZPAYX
| Q4 25 | — | 1.13× | ||
| Q3 25 | 4.54× | 1.87× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 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
HTZ
暂无分部数据
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
