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Paycom（PAYC）与Revolve Group, Inc.（RVLV）财务数据对比。点击上方公司名可切换其他公司
Paycom的季度营收约是Revolve Group, Inc.的1.7倍（$544.3M vs $324.4M），Paycom净利率更高（20.9% vs 5.7%，领先15.2%），Revolve Group, Inc.同比增速更快（10.4% vs 10.2%），Paycom自由现金流更多（$122.6M vs $-13.3M），过去两年Revolve Group, Inc.的营收复合增速更高（9.5% 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。
Revolve Theatre Company是总部位于英国泰晤士河畔亨利的剧团，专注于创作演出政治题材和莎士比亚系列戏剧作品，由奥利弗·登奇、乔·莫里斯与汤姆·史密斯共同创立运营。
PAYC vs RVLV — 直观对比
营收规模更大
PAYC
是对方的1.7倍
$324.4M
营收增速更快
RVLV
高出0.2%
10.2%
净利率更高
PAYC
高出15.2%
5.7%
自由现金流更多
PAYC
多$135.9M
$-13.3M
两年增速更快
RVLV
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $544.3M | $324.4M |
| 净利润 | $113.8M | $18.6M |
| 毛利率 | 83.9% | 53.3% |
| 营业利润率 | 28.9% | 6.3% |
| 净利率 | 20.9% | 5.7% |
| 营收同比 | 10.2% | 10.4% |
| 净利润同比 | 0.2% | 50.4% |
| 每股收益（稀释后） | $2.06 | $0.27 |
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PAYCRVLV
| Q4 25 | $544.3M | $324.4M | ||
| Q3 25 | $493.3M | $295.6M | ||
| Q2 25 | $483.6M | $309.0M | ||
| Q1 25 | $530.5M | $296.7M | ||
| Q4 24 | $493.9M | $293.7M | ||
| Q3 24 | $451.9M | $283.1M | ||
| Q2 24 | $437.5M | $282.5M | ||
| Q1 24 | $499.9M | $270.6M |
净利润PAYCRVLV
| Q4 25 | $113.8M | $18.6M | ||
| Q3 25 | $110.7M | $21.2M | ||
| Q2 25 | $89.5M | $10.2M | ||
| Q1 25 | $139.4M | $11.8M | ||
| Q4 24 | $113.6M | $12.3M | ||
| Q3 24 | $73.3M | $11.0M | ||
| Q2 24 | $68.0M | $15.4M | ||
| Q1 24 | $247.2M | $10.9M |
毛利率PAYCRVLV
| Q4 25 | 83.9% | 53.3% | ||
| Q3 25 | 82.7% | 54.6% | ||
| Q2 25 | 81.9% | 54.1% | ||
| Q1 25 | 84.1% | 52.0% | ||
| Q4 24 | 83.1% | 52.5% | ||
| Q3 24 | 80.5% | 51.2% | ||
| Q2 24 | 80.8% | 54.0% | ||
| Q1 24 | 84.3% | 52.3% |
营业利润率PAYCRVLV
| Q4 25 | 28.9% | 6.3% | ||
| Q3 25 | 22.8% | 7.1% | ||
| Q2 25 | 23.2% | 5.8% | ||
| Q1 25 | 34.9% | 5.0% | ||
| Q4 24 | 30.1% | 3.9% | ||
| Q3 24 | 23.2% | 5.0% | ||
| Q2 24 | 21.7% | 5.8% | ||
| Q1 24 | 57.2% | 3.4% |
净利率PAYCRVLV
| Q4 25 | 20.9% | 5.7% | ||
| Q3 25 | 22.4% | 7.2% | ||
| Q2 25 | 18.5% | 3.3% | ||
| Q1 25 | 26.3% | 4.0% | ||
| Q4 24 | 23.0% | 4.2% | ||
| Q3 24 | 16.2% | 3.9% | ||
| Q2 24 | 15.5% | 5.4% | ||
| Q1 24 | 49.4% | 4.0% |
每股收益（稀释后）PAYCRVLV
| Q4 25 | $2.06 | $0.27 | ||
| Q3 25 | $1.96 | $0.29 | ||
| Q2 25 | $1.58 | $0.14 | ||
| Q1 25 | $2.48 | $0.16 | ||
| Q4 24 | $2.04 | $0.18 | ||
| Q3 24 | $1.31 | $0.15 | ||
| Q2 24 | $1.20 | $0.21 | ||
| Q1 24 | $4.37 | $0.15 |
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 | $292.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $512.5M |
| 总资产 | $7.6B | $765.0M |
| 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PAYCRVLV
| Q4 25 | $370.0M | $292.3M | ||
| Q3 25 | $375.0M | $315.4M | ||
| Q2 25 | $532.2M | $310.7M | ||
| Q1 25 | $520.8M | $300.8M | ||
| Q4 24 | $402.0M | $256.6M | ||
| Q3 24 | $325.8M | $252.8M | ||
| Q2 24 | $346.5M | $244.7M | ||
| Q1 24 | $371.3M | $273.4M |
股东权益PAYCRVLV
| Q4 25 | $1.7B | $512.5M | ||
| Q3 25 | $1.7B | $490.2M | ||
| Q2 25 | $1.8B | $468.6M | ||
| Q1 25 | $1.7B | $453.4M | ||
| Q4 24 | $1.6B | $437.8M | ||
| Q3 24 | $1.5B | $420.8M | ||
| Q2 24 | $1.4B | $405.8M | ||
| Q1 24 | $1.4B | $389.9M |
总资产PAYCRVLV
| Q4 25 | $7.6B | $765.0M | ||
| Q3 25 | $4.2B | $751.3M | ||
| Q2 25 | $4.0B | $722.9M | ||
| Q1 25 | $4.6B | $713.9M | ||
| Q4 24 | $5.9B | $665.5M | ||
| Q3 24 | $3.5B | $670.9M | ||
| Q2 24 | $4.3B | $657.8M | ||
| Q1 24 | $4.7B | $650.0M |
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 | $-10.2M |
| 自由现金流经营现金流 - 资本支出 | $122.6M | $-13.3M |
| 自由现金流率自由现金流/营收 | 22.5% | -4.1% |
| 资本支出强度资本支出/营收 | 13.5% | 1.0% |
| 现金转化率经营现金流/净利润 | 1.72× | -0.55× |
| 过去12个月自由现金流最近4个季度 | $408.0M | $48.0M |
8季度趋势，按日历期对齐
经营现金流PAYCRVLV
| Q4 25 | $196.1M | $-10.2M | ||
| Q3 25 | $177.8M | $11.8M | ||
| Q2 25 | $122.5M | $12.6M | ||
| Q1 25 | $182.5M | $45.1M | ||
| Q4 24 | $160.4M | $3.9M | ||
| Q3 24 | $92.8M | $9.1M | ||
| Q2 24 | $132.1M | $-24.7M | ||
| Q1 24 | $148.6M | $38.4M |
自由现金流PAYCRVLV
| Q4 25 | $122.6M | $-13.3M | ||
| Q3 25 | $79.8M | $7.5M | ||
| Q2 25 | $60.8M | $10.4M | ||
| Q1 25 | $144.8M | $43.4M | ||
| Q4 24 | $109.0M | $2.1M | ||
| Q3 24 | $44.6M | $8.0M | ||
| Q2 24 | $86.5M | $-25.7M | ||
| Q1 24 | $100.9M | $36.7M |
自由现金流率PAYCRVLV
| Q4 25 | 22.5% | -4.1% | ||
| Q3 25 | 16.2% | 2.5% | ||
| Q2 25 | 12.6% | 3.4% | ||
| Q1 25 | 27.3% | 14.6% | ||
| Q4 24 | 22.1% | 0.7% | ||
| Q3 24 | 9.9% | 2.8% | ||
| Q2 24 | 19.8% | -9.1% | ||
| Q1 24 | 20.2% | 13.5% |
资本支出强度PAYCRVLV
| Q4 25 | 13.5% | 1.0% | ||
| Q3 25 | 19.9% | 1.5% | ||
| Q2 25 | 12.8% | 0.7% | ||
| Q1 25 | 7.1% | 0.6% | ||
| Q4 24 | 10.4% | 0.6% | ||
| Q3 24 | 10.7% | 0.4% | ||
| Q2 24 | 10.4% | 0.4% | ||
| Q1 24 | 9.5% | 0.6% |
现金转化率PAYCRVLV
| Q4 25 | 1.72× | -0.55× | ||
| Q3 25 | 1.61× | 0.56× | ||
| Q2 25 | 1.37× | 1.24× | ||
| Q1 25 | 1.31× | 3.82× | ||
| Q4 24 | 1.41× | 0.32× | ||
| Q3 24 | 1.27× | 0.83× | ||
| Q2 24 | 1.94× | -1.60× | ||
| Q1 24 | 0.60× | 3.53× |
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% |
RVLV
| Fashion Apparel | $155.1M | 48% |
| Dresses | $76.4M | 24% |
| Handbags Shoes And Accessories | $67.6M | 21% |
| Beauty | $20.3M | 6% |
| Manufactured Product Other | $5.0M | 2% |
| Breakage On Store Credit And Gift Cards | $900.0K | 0% |
