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Paychex（PAYX）与SELECTIVE INSURANCE GROUP INC（SIGI）财务数据对比。点击上方公司名可切换其他公司
Paychex的季度营收约是SELECTIVE INSURANCE GROUP INC的1.1倍（$1.5B vs $1.4B），Paychex净利率更高（26.3% vs 7.2%，领先19.1%），Paychex同比增速更快（17.4% vs 5.7%），过去两年SELECTIVE INSURANCE GROUP INC的营收复合增速更高（6.6% 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。
Selective保险集团是总部位于美国的保险控股企业，提供财产险、意外伤害险等多元保险产品，涵盖个人车险、住宅险、商业财产险、责任险、工伤补偿险等品类，主要服务美国境内的中小型企业、个人消费者及非营利组织，通过独立保险代理网络分销。
PAYX vs SIGI — 直观对比
营收规模更大
PAYX
是对方的1.1倍
$1.4B
营收增速更快
PAYX
高出11.6%
5.7%
净利率更高
PAYX
高出19.1%
7.2%
两年增速更快
SIGI
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $395.4M | $97.7M |
| 毛利率 | 72.6% | — |
| 营业利润率 | 38.0% | — |
| 净利率 | 26.3% | 7.2% |
| 营收同比 | 17.4% | 5.7% |
| 净利润同比 | -4.4% | -37.0% |
| 每股收益（稀释后） | $1.10 | $1.58 |
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PAYXSIGI
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B |
净利润PAYXSIGI
| Q1 26 | — | $97.7M | ||
| Q4 25 | $395.4M | $155.2M | ||
| Q3 25 | $383.8M | $115.3M | ||
| Q2 25 | $297.2M | $85.9M | ||
| Q1 25 | $519.3M | $109.9M | ||
| Q4 24 | $413.4M | $95.5M | ||
| Q3 24 | $427.4M | $92.3M | ||
| Q2 24 | $379.9M | $-63.3M |
毛利率PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | 72.6% | — | ||
| Q3 25 | 72.3% | — | ||
| Q2 25 | 71.5% | — | ||
| Q1 25 | 73.6% | — | ||
| Q4 24 | 70.4% | — | ||
| Q3 24 | 70.3% | — | ||
| Q2 24 | 70.1% | — |
营业利润率PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | 14.4% | ||
| Q3 25 | 36.3% | 10.7% | ||
| Q2 25 | 31.2% | 8.2% | ||
| Q1 25 | 47.2% | 10.8% | ||
| Q4 24 | 42.0% | 9.5% | ||
| Q3 24 | 42.7% | 9.4% | ||
| Q2 24 | 38.3% | -6.7% |
净利率PAYXSIGI
| Q1 26 | — | 7.2% | ||
| Q4 25 | 26.3% | 11.4% | ||
| Q3 25 | 25.7% | 8.5% | ||
| Q2 25 | 21.5% | 6.5% | ||
| Q1 25 | 35.4% | 8.6% | ||
| Q4 24 | 32.3% | 7.6% | ||
| Q3 24 | 33.4% | 7.4% | ||
| Q2 24 | 30.2% | -5.3% |
每股收益（稀释后）PAYXSIGI
| Q1 26 | — | $1.58 | ||
| Q4 25 | $1.10 | $2.52 | ||
| Q3 25 | $1.06 | $1.85 | ||
| Q2 25 | $0.83 | $1.36 | ||
| Q1 25 | $1.43 | $1.76 | ||
| Q4 24 | $1.14 | $1.53 | ||
| Q3 24 | $1.18 | $1.47 | ||
| Q2 24 | $1.05 | $-1.08 |
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 | $451.8M |
| 总债务越低越好 | $5.0B | $901.4M |
| 股东权益账面价值 | $3.9B | $3.6B |
| 总资产 | $16.5B | $15.3B |
| 负债/权益比越低杠杆越低 | 1.28× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资PAYXSIGI
| Q1 26 | — | $451.8M | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
总债务PAYXSIGI
| Q1 26 | — | $901.4M | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $507.9M | ||
| Q3 24 | — | $508.2M | ||
| Q2 24 | $798.6M | $508.8M |
股东权益PAYXSIGI
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | $4.0B | $3.5B | ||
| Q2 25 | $4.1B | $3.4B | ||
| Q1 25 | $4.1B | $3.3B | ||
| Q4 24 | $3.9B | $3.1B | ||
| Q3 24 | $3.9B | $3.2B | ||
| Q2 24 | $3.8B | $2.9B |
总资产PAYXSIGI
| Q1 26 | — | $15.3B | ||
| Q4 25 | $16.5B | $15.2B | ||
| Q3 25 | $16.7B | $15.0B | ||
| Q2 25 | $16.6B | $14.5B | ||
| Q1 25 | $11.2B | $14.2B | ||
| Q4 24 | $10.6B | $13.5B | ||
| Q3 24 | $10.5B | $13.5B | ||
| Q2 24 | $10.4B | $12.6B |
负债/权益比PAYXSIGI
| Q1 26 | — | 0.25× | ||
| Q4 25 | 1.28× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.16× | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | 0.21× | 0.17× |
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 | — |
| 自由现金流率自由现金流/营收 | 25.5% | — |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 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PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | $444.9M | $376.3M | ||
| Q3 25 | $718.4M | $405.8M | ||
| Q2 25 | $343.8M | $166.9M | ||
| Q1 25 | $716.0M | $284.0M | ||
| Q4 24 | $295.0M | $332.2M | ||
| Q3 24 | $546.1M | $387.4M | ||
| Q2 24 | $221.7M | $266.1M |
自由现金流PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | $382.8M | $366.3M | ||
| Q3 25 | $662.5M | $397.3M | ||
| Q2 25 | $283.3M | $159.7M | ||
| Q1 25 | $667.3M | $271.0M | ||
| Q4 24 | $248.0M | $324.7M | ||
| Q3 24 | $510.5M | $378.0M | ||
| Q2 24 | $180.4M | $258.4M |
自由现金流率PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 26.8% | ||
| Q3 25 | 44.4% | 29.2% | ||
| Q2 25 | 20.5% | 12.0% | ||
| Q1 25 | 45.5% | 21.1% | ||
| Q4 24 | 19.4% | 25.8% | ||
| Q3 24 | 39.9% | 30.4% | ||
| Q2 24 | 14.4% | 21.6% |
资本支出强度PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 0.7% | ||
| Q3 25 | 3.7% | 0.6% | ||
| Q2 25 | 4.4% | 0.5% | ||
| Q1 25 | 3.3% | 1.0% | ||
| Q4 24 | 3.7% | 0.6% | ||
| Q3 24 | 2.8% | 0.8% | ||
| Q2 24 | 3.3% | 0.6% |
现金转化率PAYXSIGI
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 2.42× | ||
| Q3 25 | 1.87× | 3.52× | ||
| Q2 25 | 1.16× | 1.94× | ||
| Q1 25 | 1.38× | 2.58× | ||
| Q4 24 | 0.71× | 3.48× | ||
| Q3 24 | 1.28× | 4.20× | ||
| Q2 24 | 0.58× | — |
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% |
SIGI
暂无分部数据
