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NICE Ltd.（NICE）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NICE Ltd.的1.1倍（$1.5B vs $1.3B），Paychex净利率更高（26.3% vs 16.8%，领先9.5%），NICE Ltd.自由现金流更多（$407.2M vs $382.8M）
NICE Ltd.是一家美国科技企业，专注于客户关系管理软件、人工智能技术、数字化交互与劳动力参与管理解决方案的研发，旗下产品可帮助各行业企业优化运营效率，提升客户服务体验。
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。
NICE vs PAYX — 直观对比
营收规模更大
PAYX
是对方的1.1倍
$1.3B
净利率更高
PAYX
高出9.5%
16.8%
自由现金流更多
NICE
多$24.4M
$382.8M
损益表 — Q2 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $222.2M | $395.4M |
| 毛利率 | 66.2% | 72.6% |
| 营业利润率 | 18.9% | 38.0% |
| 净利率 | 16.8% | 26.3% |
| 营收同比 | — | 17.4% |
| 净利润同比 | — | -4.4% |
| 每股收益（稀释后） | — | $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NICEPAYX
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | $1.2B | $1.3B | ||
| Q1 24 | — | $1.4B |
净利润NICEPAYX
| Q4 25 | — | $395.4M | ||
| Q3 25 | — | $383.8M | ||
| Q2 25 | $222.2M | $297.2M | ||
| Q1 25 | — | $519.3M | ||
| Q4 24 | — | $413.4M | ||
| Q3 24 | — | $427.4M | ||
| Q2 24 | $164.3M | $379.9M | ||
| Q1 24 | — | $498.6M |
毛利率NICEPAYX
| Q4 25 | — | 72.6% | ||
| Q3 25 | — | 72.3% | ||
| Q2 25 | 66.2% | 71.5% | ||
| Q1 25 | — | 73.6% | ||
| Q4 24 | — | 70.4% | ||
| Q3 24 | — | 70.3% | ||
| Q2 24 | 67.4% | 70.1% | ||
| Q1 24 | — | 72.8% |
营业利润率NICEPAYX
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | 18.9% | 31.2% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 42.0% | ||
| Q3 24 | — | 42.7% | ||
| Q2 24 | 17.3% | 38.3% | ||
| Q1 24 | — | 46.6% |
净利率NICEPAYX
| Q4 25 | — | 26.3% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | 16.8% | 21.5% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | 14.2% | 30.2% | ||
| Q1 24 | — | 35.7% |
每股收益（稀释后）NICEPAYX
| Q4 25 | — | $1.10 | ||
| Q3 25 | — | $1.06 | ||
| Q2 25 | — | $0.83 | ||
| Q1 25 | — | $1.43 | ||
| Q4 24 | — | $1.14 | ||
| Q3 24 | — | $1.18 | ||
| Q2 24 | — | $1.05 | ||
| Q1 24 | — | $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 | $481.7M | $1.5B |
| 总债务越低越好 | — | $5.0B |
| 股东权益账面价值 | $3.6B | $3.9B |
| 总资产 | $5.3B | $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NICEPAYX
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | $481.7M | $1.7B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | $511.8M | $1.5B | ||
| Q1 24 | — | $1.7B |
总债务NICEPAYX
| 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NICEPAYX
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $3.6B | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | $3.4B | $3.8B | ||
| Q1 24 | — | $3.7B |
总资产NICEPAYX
| Q4 25 | — | $16.5B | ||
| Q3 25 | — | $16.7B | ||
| Q2 25 | $5.3B | $16.6B | ||
| Q1 25 | — | $11.2B | ||
| Q4 24 | — | $10.6B | ||
| Q3 24 | — | $10.5B | ||
| Q2 24 | $5.1B | $10.4B | ||
| Q1 24 | — | $13.0B |
负债/权益比NICEPAYX
| 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 | $424.2M | $444.9M |
| 自由现金流经营现金流 - 资本支出 | $407.2M | $382.8M |
| 自由现金流率自由现金流/营收 | 30.8% | 25.5% |
| 资本支出强度资本支出/营收 | 1.3% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.91× | 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NICEPAYX
| Q4 25 | — | $444.9M | ||
| Q3 25 | — | $718.4M | ||
| Q2 25 | $424.2M | $343.8M | ||
| Q1 25 | — | $716.0M | ||
| Q4 24 | — | $295.0M | ||
| Q3 24 | — | $546.1M | ||
| Q2 24 | $260.3M | $221.7M | ||
| Q1 24 | — | $671.7M |
自由现金流NICEPAYX
| Q4 25 | — | $382.8M | ||
| Q3 25 | — | $662.5M | ||
| Q2 25 | $407.2M | $283.3M | ||
| Q1 25 | — | $667.3M | ||
| Q4 24 | — | $248.0M | ||
| Q3 24 | — | $510.5M | ||
| Q2 24 | $242.7M | $180.4M | ||
| Q1 24 | — | $631.0M |
自由现金流率NICEPAYX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | 30.8% | 20.5% | ||
| Q1 25 | — | 45.5% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 39.9% | ||
| Q2 24 | 21.1% | 14.4% | ||
| Q1 24 | — | 45.2% |
资本支出强度NICEPAYX
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | 1.3% | 4.4% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.8% | ||
| Q2 24 | 1.5% | 3.3% | ||
| Q1 24 | — | 2.9% |
现金转化率NICEPAYX
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | 1.91× | 1.16× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | 1.58× | 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
NICE
| Cloud | $950.1M | 72% |
| Services | $296.5M | 22% |
| Product | $77.1M | 6% |
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
