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Paychex（PAYX）与SoFi Technologies, Inc.（SOFI）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SoFi Technologies, Inc.的1.5倍（$1.5B vs $1.0B），Paychex净利率更高（26.3% vs 16.9%，领先9.4%），SoFi Technologies, Inc.同比增速更快（39.6% vs 17.4%），Paychex自由现金流更多（$382.8M vs $-4.0B），过去两年SoFi Technologies, Inc.的营收复合增速更高（26.1% 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。
SoFi Technologies是美国金融科技企业，2011年由斯坦福大学学生创立，持有全国性特许牌照运营线上银行，同时为其他金融机构提供技术解决方案，是美国规模最大的线上贷款机构，截至2025年累计服务客户达1370万。
PAYX vs SOFI — 直观对比
营收规模更大
PAYX
是对方的1.5倍
$1.0B
营收增速更快
SOFI
高出22.3%
17.4%
净利率更高
PAYX
高出9.4%
16.9%
自由现金流更多
PAYX
多$4.4B
$-4.0B
两年增速更快
SOFI
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $395.4M | $173.5M |
| 毛利率 | 72.6% | 84.2% |
| 营业利润率 | 38.0% | 18.1% |
| 净利率 | 26.3% | 16.9% |
| 营收同比 | 17.4% | 39.6% |
| 净利润同比 | -4.4% | -47.8% |
| 每股收益（稀释后） | $1.10 | $0.14 |
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PAYXSOFI
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $961.6M | ||
| Q2 25 | $1.4B | $854.9M | ||
| Q1 25 | $1.5B | $771.8M | ||
| Q4 24 | $1.3B | $734.1M | ||
| Q3 24 | $1.3B | $697.1M | ||
| Q2 24 | $1.3B | $598.6M | ||
| Q1 24 | $1.4B | $645.0M |
净利润PAYXSOFI
| Q4 25 | $395.4M | $173.5M | ||
| Q3 25 | $383.8M | $139.4M | ||
| Q2 25 | $297.2M | $97.3M | ||
| Q1 25 | $519.3M | $71.1M | ||
| Q4 24 | $413.4M | $332.5M | ||
| Q3 24 | $427.4M | $60.7M | ||
| Q2 24 | $379.9M | $17.4M | ||
| Q1 24 | $498.6M | $88.0M |
毛利率PAYXSOFI
| Q4 25 | 72.6% | 84.2% | ||
| Q3 25 | 72.3% | 83.2% | ||
| Q2 25 | 71.5% | 82.4% | ||
| Q1 25 | 73.6% | 82.4% | ||
| Q4 24 | 70.4% | 82.5% | ||
| Q3 24 | 70.3% | 82.3% | ||
| Q2 24 | 70.1% | 81.7% | ||
| Q1 24 | 72.8% | 84.5% |
营业利润率PAYXSOFI
| Q4 25 | 38.0% | 18.1% | ||
| Q3 25 | 36.3% | 15.4% | ||
| Q2 25 | 31.2% | 13.1% | ||
| Q1 25 | 47.2% | 10.3% | ||
| Q4 24 | 42.0% | 8.2% | ||
| Q3 24 | 42.7% | 9.2% | ||
| Q2 24 | 38.3% | 2.6% | ||
| Q1 24 | 46.6% | 14.6% |
净利率PAYXSOFI
| Q4 25 | 26.3% | 16.9% | ||
| Q3 25 | 25.7% | 14.5% | ||
| Q2 25 | 21.5% | 11.4% | ||
| Q1 25 | 35.4% | 9.2% | ||
| Q4 24 | 32.3% | 45.3% | ||
| Q3 24 | 33.4% | 8.7% | ||
| Q2 24 | 30.2% | 2.9% | ||
| Q1 24 | 35.7% | 13.7% |
每股收益（稀释后）PAYXSOFI
| Q4 25 | $1.10 | $0.14 | ||
| Q3 25 | $1.06 | $0.11 | ||
| Q2 25 | $0.83 | $0.08 | ||
| Q1 25 | $1.43 | $0.06 | ||
| Q4 24 | $1.14 | $0.31 | ||
| Q3 24 | $1.18 | $0.05 | ||
| Q2 24 | $1.05 | $0.01 | ||
| Q1 24 | $1.38 | $0.02 |
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 | $4.9B |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.9B | $10.5B |
| 总资产 | $16.5B | $50.7B |
| 负债/权益比越低杠杆越低 | 1.28× | — |
8季度趋势，按日历期对齐
现金及短期投资PAYXSOFI
| Q4 25 | $1.5B | $4.9B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.7B | $3.7B |
总债务PAYXSOFI
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.0B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $798.6M | — | ||
| Q1 24 | — | — |
股东权益PAYXSOFI
| Q4 25 | $3.9B | $10.5B | ||
| Q3 25 | $4.0B | $8.8B | ||
| Q2 25 | $4.1B | $6.9B | ||
| Q1 25 | $4.1B | $6.7B | ||
| Q4 24 | $3.9B | $6.5B | ||
| Q3 24 | $3.9B | $6.1B | ||
| Q2 24 | $3.8B | $5.9B | ||
| Q1 24 | $3.7B | $5.8B |
总资产PAYXSOFI
| Q4 25 | $16.5B | $50.7B | ||
| Q3 25 | $16.7B | $45.3B | ||
| Q2 25 | $16.6B | $41.1B | ||
| Q1 25 | $11.2B | $37.7B | ||
| Q4 24 | $10.6B | $36.3B | ||
| Q3 24 | $10.5B | $34.4B | ||
| Q2 24 | $10.4B | $32.6B | ||
| Q1 24 | $13.0B | $31.3B |
负债/权益比PAYXSOFI
| Q4 25 | 1.28× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | — | — |
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 | $-3.7B |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $-4.0B |
| 自由现金流率自由现金流/营收 | 25.5% | -388.8% |
| 资本支出强度资本支出/营收 | 4.1% | 23.7% |
| 现金转化率经营现金流/净利润 | 1.13× | -21.56× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $-6.9B |
8季度趋势，按日历期对齐
经营现金流PAYXSOFI
| Q4 25 | $444.9M | $-3.7B | ||
| Q3 25 | $718.4M | $-1.3B | ||
| Q2 25 | $343.8M | $-1.5B | ||
| Q1 25 | $716.0M | $21.5M | ||
| Q4 24 | $295.0M | $-1.1B | ||
| Q3 24 | $546.1M | $-1.2B | ||
| Q2 24 | $221.7M | $-484.4M | ||
| Q1 24 | $671.7M | $738.2M |
自由现金流PAYXSOFI
| Q4 25 | $382.8M | $-4.0B | ||
| Q3 25 | $662.5M | $-1.4B | ||
| Q2 25 | $283.3M | $-1.5B | ||
| Q1 25 | $667.3M | $-31.1M | ||
| Q4 24 | $248.0M | $-1.3B | ||
| Q3 24 | $510.5M | $-1.2B | ||
| Q2 24 | $180.4M | $-521.1M | ||
| Q1 24 | $631.0M | $706.3M |
自由现金流率PAYXSOFI
| Q4 25 | 25.5% | -388.8% | ||
| Q3 25 | 44.4% | -142.0% | ||
| Q2 25 | 20.5% | -179.0% | ||
| Q1 25 | 45.5% | -4.0% | ||
| Q4 24 | 19.4% | -173.5% | ||
| Q3 24 | 39.9% | -174.6% | ||
| Q2 24 | 14.4% | -87.0% | ||
| Q1 24 | 45.2% | 109.5% |
资本支出强度PAYXSOFI
| Q4 25 | 4.1% | 23.7% | ||
| Q3 25 | 3.7% | 6.2% | ||
| Q2 25 | 4.4% | 7.4% | ||
| Q1 25 | 3.3% | 6.8% | ||
| Q4 24 | 3.7% | 21.0% | ||
| Q3 24 | 2.8% | 6.2% | ||
| Q2 24 | 3.3% | 6.1% | ||
| Q1 24 | 2.9% | 5.0% |
现金转化率PAYXSOFI
| Q4 25 | 1.13× | -21.56× | ||
| Q3 25 | 1.87× | -9.37× | ||
| Q2 25 | 1.16× | -15.08× | ||
| Q1 25 | 1.38× | 0.30× | ||
| Q4 24 | 0.71× | -3.37× | ||
| Q3 24 | 1.28× | -19.32× | ||
| Q2 24 | 0.58× | -27.83× | ||
| Q1 24 | 1.35× | 8.39× |
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% |
SOFI
暂无分部数据
