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Paychex（PAYX）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是Paychex的1.4倍（$2.1B vs $1.5B），Paychex净利率更高（26.3% vs 15.8%，领先10.5%），Paychex同比增速更快（17.4% vs 11.3%），Roper Technologies自由现金流更多（$507.0M vs $382.8M），过去两年Roper Technologies的营收复合增速更高（10.5% vs 3.8%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
PAYX vs ROP — 直观对比
营收规模更大
ROP
是对方的1.4倍
$1.5B
营收增速更快
PAYX
高出6.1%
11.3%
净利率更高
PAYX
高出10.5%
15.8%
自由现金流更多
ROP
多$124.2M
$382.8M
两年增速更快
ROP
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.1B |
| 净利润 | $395.4M | $331.0M |
| 毛利率 | 72.6% | 69.4% |
| 营业利润率 | 38.0% | 27.2% |
| 净利率 | 26.3% | 15.8% |
| 营收同比 | 17.4% | 11.3% |
| 净利润同比 | -4.4% | 842.6% |
| 每股收益（稀释后） | $1.10 | $4.87 |
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PAYXROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.3B | $1.8B | ||
| Q2 24 | $1.3B | $1.7B |
净利润PAYXROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $395.4M | $428.4M | ||
| Q3 25 | $383.8M | $398.5M | ||
| Q2 25 | $297.2M | $378.3M | ||
| Q1 25 | $519.3M | $331.1M | ||
| Q4 24 | $413.4M | $462.3M | ||
| Q3 24 | $427.4M | $367.9M | ||
| Q2 24 | $379.9M | $337.1M |
毛利率PAYXROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | 72.6% | 69.5% | ||
| Q3 25 | 72.3% | 69.5% | ||
| Q2 25 | 71.5% | 69.2% | ||
| Q1 25 | 73.6% | 68.7% | ||
| Q4 24 | 70.4% | 68.3% | ||
| Q3 24 | 70.3% | 69.2% | ||
| Q2 24 | 70.1% | 69.5% |
营业利润率PAYXROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 38.0% | 28.6% | ||
| Q3 25 | 36.3% | 28.4% | ||
| Q2 25 | 31.2% | 28.2% | ||
| Q1 25 | 47.2% | 27.9% | ||
| Q4 24 | 42.0% | 28.0% | ||
| Q3 24 | 42.7% | 28.1% | ||
| Q2 24 | 38.3% | 28.8% |
净利率PAYXROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 26.3% | 20.8% | ||
| Q3 25 | 25.7% | 19.8% | ||
| Q2 25 | 21.5% | 19.5% | ||
| Q1 25 | 35.4% | 17.6% | ||
| Q4 24 | 32.3% | 24.6% | ||
| Q3 24 | 33.4% | 20.8% | ||
| Q2 24 | 30.2% | 19.6% |
每股收益（稀释后）PAYXROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $1.10 | $3.97 | ||
| Q3 25 | $1.06 | $3.68 | ||
| Q2 25 | $0.83 | $3.49 | ||
| Q1 25 | $1.43 | $3.06 | ||
| Q4 24 | $1.14 | $4.29 | ||
| Q3 24 | $1.18 | $3.40 | ||
| Q2 24 | $1.05 | $3.12 |
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 | $1.5B | $382.9M |
| 总债务越低越好 | $5.0B | $9.7B |
| 股东权益账面价值 | $3.9B | $18.8B |
| 总资产 | $16.5B | $34.6B |
| 负债/权益比越低杠杆越低 | 1.28× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资PAYXROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $1.5B | $297.4M | ||
| Q3 25 | $1.7B | $320.0M | ||
| Q2 25 | $1.7B | $242.4M | ||
| Q1 25 | $1.6B | $372.8M | ||
| Q4 24 | $1.2B | $188.2M | ||
| Q3 24 | $1.5B | $269.6M | ||
| Q2 24 | $1.5B | $251.5M |
总债务PAYXROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $5.0B | $9.3B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | $798.6M | — |
股东权益PAYXROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $3.9B | $19.9B | ||
| Q3 25 | $4.0B | $20.0B | ||
| Q2 25 | $4.1B | $19.6B | ||
| Q1 25 | $4.1B | $19.2B | ||
| Q4 24 | $3.9B | $18.9B | ||
| Q3 24 | $3.9B | $18.5B | ||
| Q2 24 | $3.8B | $18.1B |
总资产PAYXROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $16.5B | $34.6B | ||
| Q3 25 | $16.7B | $34.6B | ||
| Q2 25 | $16.6B | $33.2B | ||
| Q1 25 | $11.2B | $31.4B | ||
| Q4 24 | $10.6B | $31.3B | ||
| Q3 24 | $10.5B | $31.6B | ||
| Q2 24 | $10.4B | $29.8B |
负债/权益比PAYXROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 1.28× | 0.47× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | 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 | $382.8M | $507.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 24.2% |
| 资本支出强度资本支出/营收 | 4.1% | 0.5% |
| 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PAYXROP
| Q1 26 | — | — | ||
| Q4 25 | $444.9M | $738.0M | ||
| Q3 25 | $718.4M | $869.5M | ||
| Q2 25 | $343.8M | $404.1M | ||
| Q1 25 | $716.0M | $528.7M | ||
| Q4 24 | $295.0M | $722.2M | ||
| Q3 24 | $546.1M | $755.4M | ||
| Q2 24 | $221.7M | $384.1M |
自由现金流PAYXROP
| Q1 26 | — | $507.0M | ||
| 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 | — |
自由现金流率PAYXROP
| Q1 26 | — | 24.2% | ||
| 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% | — |
资本支出强度PAYXROP
| Q1 26 | — | 0.5% | ||
| 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% | — |
现金转化率PAYXROP
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 1.72× | ||
| Q3 25 | 1.87× | 2.18× | ||
| Q2 25 | 1.16× | 1.07× | ||
| Q1 25 | 1.38× | 1.60× | ||
| Q4 24 | 0.71× | 1.56× | ||
| Q3 24 | 1.28× | 2.05× | ||
| Q2 24 | 0.58× | 1.14× |
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
PAYX
| Management Solutions | $1.2B | 78% |
| Peo And Insurance Solutions | $336.9M | 22% |
ROP
暂无分部数据
