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Paychex（PAYX）与REGAL REXNORD CORP（RRX）财务数据对比。点击上方公司名可切换其他公司
REGAL REXNORD CORP的季度营收约是Paychex的1.0倍（$1.5B vs $1.5B），Paychex净利率更高（26.3% vs 4.2%，领先22.1%），Paychex同比增速更快（17.4% vs 4.3%），Paychex自由现金流更多（$382.8M vs $140.6M），过去两年Paychex的营收复合增速更高（3.8% vs -0.8%）
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。
Regal Rexnord Corporation（股票代码RRX）总部位于美国威斯康星州密尔沃基，是专业生产电动机与动力传动部件的制造商，在美国、加拿大、墨西哥、欧洲及亚洲多地设有生产、销售及服务机构，全球员工约2.9万人。
PAYX vs RRX — 直观对比
营收规模更大
RRX
是对方的1.0倍
$1.5B
营收增速更快
PAYX
高出13.1%
4.3%
净利率更高
PAYX
高出22.1%
4.2%
自由现金流更多
PAYX
多$242.2M
$140.6M
两年增速更快
PAYX
近两年复合增速
-0.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.5B |
| 净利润 | $395.4M | $63.4M |
| 毛利率 | 72.6% | 37.5% |
| 营业利润率 | 38.0% | 10.8% |
| 净利率 | 26.3% | 4.2% |
| 营收同比 | 17.4% | 4.3% |
| 净利润同比 | -4.4% | 53.9% |
| 每股收益（稀释后） | $1.10 | $0.95 |
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PAYXRRX
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.4B | $1.5B |
净利润PAYXRRX
| Q4 25 | $395.4M | $63.4M | ||
| Q3 25 | $383.8M | $79.6M | ||
| Q2 25 | $297.2M | $79.2M | ||
| Q1 25 | $519.3M | $57.3M | ||
| Q4 24 | $413.4M | $41.2M | ||
| Q3 24 | $427.4M | $72.7M | ||
| Q2 24 | $379.9M | $62.5M | ||
| Q1 24 | $498.6M | $19.8M |
毛利率PAYXRRX
| Q4 25 | 72.6% | 37.5% | ||
| Q3 25 | 72.3% | 37.0% | ||
| Q2 25 | 71.5% | 37.7% | ||
| Q1 25 | 73.6% | 37.2% | ||
| Q4 24 | 70.4% | 34.9% | ||
| Q3 24 | 70.3% | 37.7% | ||
| Q2 24 | 70.1% | 36.9% | ||
| Q1 24 | 72.8% | 35.7% |
营业利润率PAYXRRX
| Q4 25 | 38.0% | 10.8% | ||
| Q3 25 | 36.3% | 11.6% | ||
| Q2 25 | 31.2% | 12.2% | ||
| Q1 25 | 47.2% | 11.3% | ||
| Q4 24 | 42.0% | 8.8% | ||
| Q3 24 | 42.7% | 11.8% | ||
| Q2 24 | 38.3% | 12.5% | ||
| Q1 24 | 46.6% | 8.7% |
净利率PAYXRRX
| Q4 25 | 26.3% | 4.2% | ||
| Q3 25 | 25.7% | 5.3% | ||
| Q2 25 | 21.5% | 5.3% | ||
| Q1 25 | 35.4% | 4.0% | ||
| Q4 24 | 32.3% | 2.8% | ||
| Q3 24 | 33.4% | 4.9% | ||
| Q2 24 | 30.2% | 4.0% | ||
| Q1 24 | 35.7% | 1.3% |
每股收益（稀释后）PAYXRRX
| Q4 25 | $1.10 | $0.95 | ||
| Q3 25 | $1.06 | $1.20 | ||
| Q2 25 | $0.83 | $1.19 | ||
| Q1 25 | $1.43 | $0.86 | ||
| Q4 24 | $1.14 | $0.61 | ||
| Q3 24 | $1.18 | $1.09 | ||
| Q2 24 | $1.05 | $0.94 | ||
| Q1 24 | $1.38 | $0.30 |
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 | $521.7M |
| 总债务越低越好 | $5.0B | $4.8B |
| 股东权益账面价值 | $3.9B | $6.8B |
| 总资产 | $16.5B | $13.9B |
| 负债/权益比越低杠杆越低 | 1.28× | 0.70× |
8季度趋势，按日历期对齐
现金及短期投资PAYXRRX
| Q4 25 | $1.5B | $521.7M | ||
| Q3 25 | $1.7B | $400.0M | ||
| Q2 25 | $1.7B | $320.1M | ||
| Q1 25 | $1.6B | $305.3M | ||
| Q4 24 | $1.2B | $393.5M | ||
| Q3 24 | $1.5B | $458.6M | ||
| Q2 24 | $1.5B | $510.4M | ||
| Q1 24 | $1.7B | $465.3M |
总债务PAYXRRX
| Q4 25 | $5.0B | $4.8B | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | $798.6M | $5.8B | ||
| Q1 24 | — | $6.2B |
股东权益PAYXRRX
| Q4 25 | $3.9B | $6.8B | ||
| Q3 25 | $4.0B | $6.8B | ||
| Q2 25 | $4.1B | $6.7B | ||
| Q1 25 | $4.1B | $6.4B | ||
| Q4 24 | $3.9B | $6.3B | ||
| Q3 24 | $3.9B | $6.5B | ||
| Q2 24 | $3.8B | $6.4B | ||
| Q1 24 | $3.7B | $6.3B |
总资产PAYXRRX
| Q4 25 | $16.5B | $13.9B | ||
| Q3 25 | $16.7B | $13.9B | ||
| Q2 25 | $16.6B | $13.9B | ||
| Q1 25 | $11.2B | $14.0B | ||
| Q4 24 | $10.6B | $14.0B | ||
| Q3 24 | $10.5B | $14.6B | ||
| Q2 24 | $10.4B | $14.6B | ||
| Q1 24 | $13.0B | $15.1B |
负债/权益比PAYXRRX
| Q4 25 | 1.28× | 0.70× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | 0.21× | 0.91× | ||
| Q1 24 | — | 1.00× |
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 | $167.8M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $140.6M |
| 自由现金流率自由现金流/营收 | 25.5% | 9.2% |
| 资本支出强度资本支出/营收 | 4.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.65× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $893.1M |
8季度趋势，按日历期对齐
经营现金流PAYXRRX
| Q4 25 | $444.9M | $167.8M | ||
| Q3 25 | $718.4M | $197.5M | ||
| Q2 25 | $343.8M | $523.2M | ||
| Q1 25 | $716.0M | $102.3M | ||
| Q4 24 | $295.0M | $213.2M | ||
| Q3 24 | $546.1M | $154.8M | ||
| Q2 24 | $221.7M | $158.3M | ||
| Q1 24 | $671.7M | $83.1M |
自由现金流PAYXRRX
| Q4 25 | $382.8M | $140.6M | ||
| Q3 25 | $662.5M | $174.0M | ||
| Q2 25 | $283.3M | $493.0M | ||
| Q1 25 | $667.3M | $85.5M | ||
| Q4 24 | $248.0M | $183.9M | ||
| Q3 24 | $510.5M | $125.5M | ||
| Q2 24 | $180.4M | $125.9M | ||
| Q1 24 | $631.0M | $64.6M |
自由现金流率PAYXRRX
| Q4 25 | 25.5% | 9.2% | ||
| Q3 25 | 44.4% | 11.6% | ||
| Q2 25 | 20.5% | 33.0% | ||
| Q1 25 | 45.5% | 6.0% | ||
| Q4 24 | 19.4% | 12.6% | ||
| Q3 24 | 39.9% | 8.5% | ||
| Q2 24 | 14.4% | 8.1% | ||
| Q1 24 | 45.2% | 4.2% |
资本支出强度PAYXRRX
| Q4 25 | 4.1% | 1.8% | ||
| Q3 25 | 3.7% | 1.6% | ||
| Q2 25 | 4.4% | 2.0% | ||
| Q1 25 | 3.3% | 1.2% | ||
| Q4 24 | 3.7% | 2.0% | ||
| Q3 24 | 2.8% | 2.0% | ||
| Q2 24 | 3.3% | 2.1% | ||
| Q1 24 | 2.9% | 1.2% |
现金转化率PAYXRRX
| Q4 25 | 1.13× | 2.65× | ||
| Q3 25 | 1.87× | 2.48× | ||
| Q2 25 | 1.16× | 6.61× | ||
| Q1 25 | 1.38× | 1.79× | ||
| Q4 24 | 0.71× | 5.17× | ||
| Q3 24 | 1.28× | 2.13× | ||
| Q2 24 | 0.58× | 2.53× | ||
| Q1 24 | 1.35× | 4.20× |
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% |
RRX
| Other | $470.6M | 31% |
| Industrial Powertrain Solutions Segment | $441.8M | 29% |
| Automation And Motion Control Segment | $327.7M | 22% |
| Power Efficiency Solutions Segment | $283.2M | 19% |
