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Paycom（PAYC）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是Paycom的1.2倍（$663.0M vs $544.3M），Reddit, Inc.净利率更高（30.8% vs 20.9%，领先9.9%），Reddit, Inc.同比增速更快（69.0% vs 10.2%），Reddit, Inc.自由现金流更多（$311.0M vs $122.6M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 4.3%）
Paycom Software Inc.（简称Paycom）是1998年成立的线上薪资与人力资源软件服务商，总部位于美国俄克拉荷马城，在全美多地设有办事处，是全球最早推出全线上薪资管理服务的供应商之一，2025年营收达20.52亿美元，较2024年的18.83亿美元稳步增长。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
PAYC vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.2倍
$544.3M
营收增速更快
RDDT
高出58.8%
10.2%
净利率更高
RDDT
高出9.9%
20.9%
自由现金流更多
RDDT
多$188.4M
$122.6M
两年增速更快
RDDT
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $544.3M | $663.0M |
| 净利润 | $113.8M | $204.0M |
| 毛利率 | 83.9% | 100.0% |
| 营业利润率 | 28.9% | 0.0% |
| 净利率 | 20.9% | 30.8% |
| 营收同比 | 10.2% | 69.0% |
| 净利润同比 | 0.2% | 680.0% |
| 每股收益（稀释后） | $2.06 | $1.01 |
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PAYCRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $544.3M | $725.6M | ||
| Q3 25 | $493.3M | $584.9M | ||
| Q2 25 | $483.6M | $499.6M | ||
| Q1 25 | $530.5M | $392.4M | ||
| Q4 24 | $493.9M | $427.7M | ||
| Q3 24 | $451.9M | $348.4M | ||
| Q2 24 | $437.5M | $281.2M |
净利润PAYCRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $113.8M | $251.6M | ||
| Q3 25 | $110.7M | $162.7M | ||
| Q2 25 | $89.5M | $89.3M | ||
| Q1 25 | $139.4M | $26.2M | ||
| Q4 24 | $113.6M | $71.0M | ||
| Q3 24 | $73.3M | $29.9M | ||
| Q2 24 | $68.0M | $-10.1M |
毛利率PAYCRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | 83.9% | 91.9% | ||
| Q3 25 | 82.7% | 91.0% | ||
| Q2 25 | 81.9% | 90.8% | ||
| Q1 25 | 84.1% | 90.5% | ||
| Q4 24 | 83.1% | 92.6% | ||
| Q3 24 | 80.5% | 90.1% | ||
| Q2 24 | 80.8% | 89.5% |
营业利润率PAYCRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 28.9% | 31.9% | ||
| Q3 25 | 22.8% | 23.7% | ||
| Q2 25 | 23.2% | 13.6% | ||
| Q1 25 | 34.9% | 1.0% | ||
| Q4 24 | 30.1% | 12.4% | ||
| Q3 24 | 23.2% | 2.0% | ||
| Q2 24 | 21.7% | -11.0% |
净利率PAYCRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 20.9% | 34.7% | ||
| Q3 25 | 22.4% | 27.8% | ||
| Q2 25 | 18.5% | 17.9% | ||
| Q1 25 | 26.3% | 6.7% | ||
| Q4 24 | 23.0% | 16.6% | ||
| Q3 24 | 16.2% | 8.6% | ||
| Q2 24 | 15.5% | -3.6% |
每股收益（稀释后）PAYCRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $2.06 | $1.24 | ||
| Q3 25 | $1.96 | $0.80 | ||
| Q2 25 | $1.58 | $0.45 | ||
| Q1 25 | $2.48 | $0.13 | ||
| Q4 24 | $2.04 | $4.76 | ||
| Q3 24 | $1.31 | $0.16 | ||
| Q2 24 | $1.20 | $-0.06 |
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 | $370.0M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $3.2B |
| 总资产 | $7.6B | $3.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PAYCRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $370.0M | $953.6M | ||
| Q3 25 | $375.0M | $911.7M | ||
| Q2 25 | $532.2M | $734.1M | ||
| Q1 25 | $520.8M | $635.7M | ||
| Q4 24 | $402.0M | $562.1M | ||
| Q3 24 | $325.8M | $515.9M | ||
| Q2 24 | $346.5M | $468.0M |
股东权益PAYCRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.7B | $2.2B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B |
总资产PAYCRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $7.6B | $3.2B | ||
| Q3 25 | $4.2B | $2.9B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $4.6B | $2.4B | ||
| Q4 24 | $5.9B | $2.3B | ||
| Q3 24 | $3.5B | $2.2B | ||
| Q2 24 | $4.3B | $2.1B |
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 | $196.1M | — |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $311.0M |
| 自由现金流率自由现金流/营收 | 22.5% | 46.9% |
| 资本支出强度资本支出/营收 | 13.5% | — |
| 现金转化率经营现金流/净利润 | 1.72× | — |
| 过去12个月自由现金流最近4个季度 | $408.0M | $868.6M |
8季度趋势，按日历期对齐
经营现金流PAYCRDDT
| Q1 26 | — | — | ||
| Q4 25 | $196.1M | $266.8M | ||
| Q3 25 | $177.8M | $185.2M | ||
| Q2 25 | $122.5M | $111.3M | ||
| Q1 25 | $182.5M | $127.6M | ||
| Q4 24 | $160.4M | $90.0M | ||
| Q3 24 | $92.8M | $71.6M | ||
| Q2 24 | $132.1M | $28.4M |
自由现金流PAYCRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $122.6M | $263.6M | ||
| Q3 25 | $79.8M | $183.1M | ||
| Q2 25 | $60.8M | $110.8M | ||
| Q1 25 | $144.8M | $126.6M | ||
| Q4 24 | $109.0M | $89.2M | ||
| Q3 24 | $44.6M | $70.3M | ||
| Q2 24 | $86.5M | $27.2M |
自由现金流率PAYCRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 22.5% | 36.3% | ||
| Q3 25 | 16.2% | 31.3% | ||
| Q2 25 | 12.6% | 22.2% | ||
| Q1 25 | 27.3% | 32.3% | ||
| Q4 24 | 22.1% | 20.8% | ||
| Q3 24 | 9.9% | 20.2% | ||
| Q2 24 | 19.8% | 9.7% |
资本支出强度PAYCRDDT
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 0.4% | ||
| Q3 25 | 19.9% | 0.4% | ||
| Q2 25 | 12.8% | 0.1% | ||
| Q1 25 | 7.1% | 0.2% | ||
| Q4 24 | 10.4% | 0.2% | ||
| Q3 24 | 10.7% | 0.4% | ||
| Q2 24 | 10.4% | 0.4% |
现金转化率PAYCRDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 1.06× | ||
| Q3 25 | 1.61× | 1.14× | ||
| Q2 25 | 1.37× | 1.25× | ||
| Q1 25 | 1.31× | 4.88× | ||
| Q4 24 | 1.41× | 1.27× | ||
| Q3 24 | 1.27× | 2.40× | ||
| Q2 24 | 1.94× | — |
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
PAYC
| Recurring | $510.3M | 94% |
| Interest On Funds Held For Clients | $27.2M | 5% |
| Implementation And Other | $6.8M | 1% |
RDDT
暂无分部数据
