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Paychex（PAYX）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是Paychex的1.3倍（$1.9B vs $1.5B），Paychex净利率更高（26.3% vs 8.4%，领先17.9%），Paychex同比增速更快（17.4% vs 3.5%），Paychex自由现金流更多（$382.8M vs $296.4M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
PAYX vs RPM — 直观对比
营收规模更大
RPM
是对方的1.3倍
$1.5B
营收增速更快
PAYX
高出13.9%
3.5%
净利率更高
PAYX
高出17.9%
8.4%
自由现金流更多
PAYX
多$86.4M
$296.4M
两年增速更快
RPM
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $395.4M | $161.2M |
| 毛利率 | 72.6% | 40.8% |
| 营业利润率 | 38.0% | 11.0% |
| 净利率 | 26.3% | 8.4% |
| 营收同比 | 17.4% | 3.5% |
| 净利润同比 | -4.4% | -12.0% |
| 每股收益（稀释后） | $1.10 | $1.26 |
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PAYXRPM
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.4B | $2.1B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $2.0B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.4B | $1.5B |
净利润PAYXRPM
| Q4 25 | $395.4M | $161.2M | ||
| Q3 25 | $383.8M | $227.6M | ||
| Q2 25 | $297.2M | $225.8M | ||
| Q1 25 | $519.3M | $52.0M | ||
| Q4 24 | $413.4M | $183.2M | ||
| Q3 24 | $427.4M | $227.7M | ||
| Q2 24 | $379.9M | $180.6M | ||
| Q1 24 | $498.6M | $61.2M |
毛利率PAYXRPM
| Q4 25 | 72.6% | 40.8% | ||
| Q3 25 | 72.3% | 42.3% | ||
| Q2 25 | 71.5% | 42.4% | ||
| Q1 25 | 73.6% | 38.4% | ||
| Q4 24 | 70.4% | 41.4% | ||
| Q3 24 | 70.3% | 42.5% | ||
| Q2 24 | 70.1% | 41.4% | ||
| Q1 24 | 72.8% | 39.9% |
营业利润率PAYXRPM
| Q4 25 | 38.0% | 11.0% | ||
| Q3 25 | 36.3% | 14.1% | ||
| Q2 25 | 31.2% | 11.9% | ||
| Q1 25 | 47.2% | 2.8% | ||
| Q4 24 | 42.0% | 11.5% | ||
| Q3 24 | 42.7% | 14.8% | ||
| Q2 24 | 38.3% | 11.9% | ||
| Q1 24 | 46.6% | 5.5% |
净利率PAYXRPM
| Q4 25 | 26.3% | 8.4% | ||
| Q3 25 | 25.7% | 10.8% | ||
| Q2 25 | 21.5% | 10.8% | ||
| Q1 25 | 35.4% | 3.5% | ||
| Q4 24 | 32.3% | 9.9% | ||
| Q3 24 | 33.4% | 11.6% | ||
| Q2 24 | 30.2% | 9.0% | ||
| Q1 24 | 35.7% | 4.0% |
每股收益（稀释后）PAYXRPM
| Q4 25 | $1.10 | $1.26 | ||
| Q3 25 | $1.06 | $1.77 | ||
| Q2 25 | $0.83 | $1.76 | ||
| Q1 25 | $1.43 | $0.40 | ||
| Q4 24 | $1.14 | $1.42 | ||
| Q3 24 | $1.18 | $1.77 | ||
| Q2 24 | $1.05 | $1.40 | ||
| Q1 24 | $1.38 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $5.0B | $2.5B |
| 股东权益账面价值 | $3.9B | $3.1B |
| 总资产 | $16.5B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.28× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资PAYXRPM
| Q4 25 | $1.5B | $316.6M | ||
| Q3 25 | $1.7B | $297.1M | ||
| Q2 25 | $1.7B | $302.1M | ||
| Q1 25 | $1.6B | $241.9M | ||
| Q4 24 | $1.2B | $268.7M | ||
| Q3 24 | $1.5B | $231.6M | ||
| Q2 24 | $1.5B | $237.4M | ||
| Q1 24 | $1.7B | $248.9M |
总债务PAYXRPM
| Q4 25 | $5.0B | $2.5B | ||
| Q3 25 | $5.0B | $2.7B | ||
| Q2 25 | $4.9B | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | $798.6M | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益PAYXRPM
| Q4 25 | $3.9B | $3.1B | ||
| Q3 25 | $4.0B | $3.1B | ||
| Q2 25 | $4.1B | $2.9B | ||
| Q1 25 | $4.1B | $2.7B | ||
| Q4 24 | $3.9B | $2.7B | ||
| Q3 24 | $3.9B | $2.6B | ||
| Q2 24 | $3.8B | $2.5B | ||
| Q1 24 | $3.7B | $2.3B |
总资产PAYXRPM
| Q4 25 | $16.5B | $7.9B | ||
| Q3 25 | $16.7B | $7.9B | ||
| Q2 25 | $16.6B | $7.8B | ||
| Q1 25 | $11.2B | $6.6B | ||
| Q4 24 | $10.6B | $6.7B | ||
| Q3 24 | $10.5B | $6.6B | ||
| Q2 24 | $10.4B | $6.6B | ||
| Q1 24 | $13.0B | $6.4B |
负债/权益比PAYXRPM
| Q4 25 | 1.28× | 0.80× | ||
| Q3 25 | 1.25× | 0.87× | ||
| Q2 25 | 1.20× | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | 0.21× | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $296.4M |
| 自由现金流率自由现金流/营收 | 25.5% | 15.5% |
| 资本支出强度资本支出/营收 | 4.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $582.9M |
8季度趋势，按日历期对齐
经营现金流PAYXRPM
| Q4 25 | $444.9M | $345.7M | ||
| Q3 25 | $718.4M | $237.5M | ||
| Q2 25 | $343.8M | $149.2M | ||
| Q1 25 | $716.0M | $91.5M | ||
| Q4 24 | $295.0M | $279.4M | ||
| Q3 24 | $546.1M | $248.1M | ||
| Q2 24 | $221.7M | $181.2M | ||
| Q1 24 | $671.7M | $173.4M |
自由现金流PAYXRPM
| Q4 25 | $382.8M | $296.4M | ||
| Q3 25 | $662.5M | $175.0M | ||
| Q2 25 | $283.3M | $78.2M | ||
| Q1 25 | $667.3M | $33.3M | ||
| Q4 24 | $248.0M | $229.5M | ||
| Q3 24 | $510.5M | $197.3M | ||
| Q2 24 | $180.4M | $105.3M | ||
| Q1 24 | $631.0M | $124.6M |
自由现金流率PAYXRPM
| Q4 25 | 25.5% | 15.5% | ||
| Q3 25 | 44.4% | 8.3% | ||
| Q2 25 | 20.5% | 3.8% | ||
| Q1 25 | 45.5% | 2.3% | ||
| Q4 24 | 19.4% | 12.4% | ||
| Q3 24 | 39.9% | 10.0% | ||
| Q2 24 | 14.4% | 5.2% | ||
| Q1 24 | 45.2% | 8.2% |
资本支出强度PAYXRPM
| Q4 25 | 4.1% | 2.6% | ||
| Q3 25 | 3.7% | 3.0% | ||
| Q2 25 | 4.4% | 3.4% | ||
| Q1 25 | 3.3% | 3.9% | ||
| Q4 24 | 3.7% | 2.7% | ||
| Q3 24 | 2.8% | 2.6% | ||
| Q2 24 | 3.3% | 3.8% | ||
| Q1 24 | 2.9% | 3.2% |
现金转化率PAYXRPM
| Q4 25 | 1.13× | 2.14× | ||
| Q3 25 | 1.87× | 1.04× | ||
| Q2 25 | 1.16× | 0.66× | ||
| Q1 25 | 1.38× | 1.76× | ||
| Q4 24 | 0.71× | 1.53× | ||
| Q3 24 | 1.28× | 1.09× | ||
| Q2 24 | 0.58× | 1.00× | ||
| Q1 24 | 1.35× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
