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Paychex（PAYX）与Virtu Financial, Inc.（VIRT）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Virtu Financial, Inc.的1.5倍（$1.5B vs $969.9M），Paychex净利率更高（26.3% vs 14.4%，领先11.9%），Paychex同比增速更快（17.4% vs 16.3%），Virtu Financial, Inc.自由现金流更多（$495.6M vs $382.8M），过去两年Virtu Financial, Inc.的营收复合增速更高（22.8% 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。
Virtu Financial, Inc.是一家总部位于美国的高频交易企业，专注于金融市场的自动化交易业务，拥有行业领先的交易技术研发与落地能力，于2015年在纳斯达克证券交易所正式挂牌上市。
PAYX vs VIRT — 直观对比
营收规模更大
PAYX
是对方的1.5倍
$969.9M
营收增速更快
PAYX
高出1.1%
16.3%
净利率更高
PAYX
高出11.9%
14.4%
自由现金流更多
VIRT
多$112.8M
$382.8M
两年增速更快
VIRT
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $969.9M |
| 净利润 | $395.4M | $139.9M |
| 毛利率 | 72.6% | — |
| 营业利润率 | 38.0% | 35.4% |
| 净利率 | 26.3% | 14.4% |
| 营收同比 | 17.4% | 16.3% |
| 净利润同比 | -4.4% | 48.7% |
| 每股收益（稀释后） | $1.10 | $1.54 |
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PAYXVIRT
| Q4 25 | $1.5B | $969.9M | ||
| Q3 25 | $1.5B | $824.8M | ||
| Q2 25 | $1.4B | $999.6M | ||
| Q1 25 | $1.5B | $837.9M | ||
| Q4 24 | $1.3B | $834.3M | ||
| Q3 24 | $1.3B | $706.8M | ||
| Q2 24 | $1.3B | $693.0M | ||
| Q1 24 | $1.4B | $642.8M |
净利润PAYXVIRT
| Q4 25 | $395.4M | $139.9M | ||
| Q3 25 | $383.8M | $77.6M | ||
| Q2 25 | $297.2M | $151.2M | ||
| Q1 25 | $519.3M | $99.7M | ||
| Q4 24 | $413.4M | $94.1M | ||
| Q3 24 | $427.4M | $60.0M | ||
| Q2 24 | $379.9M | $66.6M | ||
| Q1 24 | $498.6M | $55.8M |
毛利率PAYXVIRT
| 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% | — | ||
| Q1 24 | 72.8% | — |
营业利润率PAYXVIRT
| Q4 25 | 38.0% | 35.4% | ||
| Q3 25 | 36.3% | 21.8% | ||
| Q2 25 | 31.2% | 34.7% | ||
| Q1 25 | 47.2% | 26.7% | ||
| Q4 24 | 42.0% | 24.3% | ||
| Q3 24 | 42.7% | 20.8% | ||
| Q2 24 | 38.3% | 22.4% | ||
| Q1 24 | 46.6% | 21.8% |
净利率PAYXVIRT
| Q4 25 | 26.3% | 14.4% | ||
| Q3 25 | 25.7% | 9.4% | ||
| Q2 25 | 21.5% | 15.1% | ||
| Q1 25 | 35.4% | 11.9% | ||
| Q4 24 | 32.3% | 11.3% | ||
| Q3 24 | 33.4% | 8.5% | ||
| Q2 24 | 30.2% | 9.6% | ||
| Q1 24 | 35.7% | 8.7% |
每股收益（稀释后）PAYXVIRT
| Q4 25 | $1.10 | $1.54 | ||
| Q3 25 | $1.06 | $0.86 | ||
| Q2 25 | $0.83 | $1.65 | ||
| Q1 25 | $1.43 | $1.08 | ||
| Q4 24 | $1.14 | $1.03 | ||
| Q3 24 | $1.18 | $0.64 | ||
| Q2 24 | $1.05 | $0.71 | ||
| Q1 24 | $1.38 | $0.59 |
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 | $1.1B |
| 总债务越低越好 | $5.0B | $2.0B |
| 股东权益账面价值 | $3.9B | $1.6B |
| 总资产 | $16.5B | $20.2B |
| 负债/权益比越低杠杆越低 | 1.28× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资PAYXVIRT
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.7B | $707.9M | ||
| Q2 25 | $1.7B | $752.1M | ||
| Q1 25 | $1.6B | $723.6M | ||
| Q4 24 | $1.2B | $872.5M | ||
| Q3 24 | $1.5B | $701.4M | ||
| Q2 24 | $1.5B | $684.8M | ||
| Q1 24 | $1.7B | $399.6M |
总债务PAYXVIRT
| Q4 25 | $5.0B | $2.0B | ||
| Q3 25 | $5.0B | $2.0B | ||
| Q2 25 | $4.9B | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | $798.6M | $1.7B | ||
| Q1 24 | — | $1.7B |
股东权益PAYXVIRT
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | $4.0B | $1.5B | ||
| Q2 25 | $4.1B | $1.4B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $3.9B | $1.3B | ||
| Q3 24 | $3.9B | $1.2B | ||
| Q2 24 | $3.8B | $1.2B | ||
| Q1 24 | $3.7B | $1.2B |
总资产PAYXVIRT
| Q4 25 | $16.5B | $20.2B | ||
| Q3 25 | $16.7B | $21.3B | ||
| Q2 25 | $16.6B | $19.3B | ||
| Q1 25 | $11.2B | $17.5B | ||
| Q4 24 | $10.6B | $15.4B | ||
| Q3 24 | $10.5B | $14.4B | ||
| Q2 24 | $10.4B | $13.9B | ||
| Q1 24 | $13.0B | $12.8B |
负债/权益比PAYXVIRT
| Q4 25 | 1.28× | 1.29× | ||
| Q3 25 | 1.25× | 1.40× | ||
| Q2 25 | 1.20× | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 0.21× | 1.41× | ||
| Q1 24 | — | 1.42× |
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 | $518.4M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $495.6M |
| 自由现金流率自由现金流/营收 | 25.5% | 51.1% |
| 资本支出强度资本支出/营收 | 4.1% | 2.4% |
| 现金转化率经营现金流/净利润 | 1.13× | 3.71× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $485.6M |
8季度趋势，按日历期对齐
经营现金流PAYXVIRT
| Q4 25 | $444.9M | $518.4M | ||
| Q3 25 | $718.4M | $-68.7M | ||
| Q2 25 | $343.8M | $62.8M | ||
| Q1 25 | $716.0M | $15.0M | ||
| Q4 24 | $295.0M | $599.0M | ||
| Q3 24 | $546.1M | $112.1M | ||
| Q2 24 | $221.7M | $490.8M | ||
| Q1 24 | $671.7M | $-395.4M |
自由现金流PAYXVIRT
| Q4 25 | $382.8M | $495.6M | ||
| Q3 25 | $662.5M | $-76.7M | ||
| Q2 25 | $283.3M | $57.6M | ||
| Q1 25 | $667.3M | $9.2M | ||
| Q4 24 | $248.0M | $586.6M | ||
| Q3 24 | $510.5M | $106.2M | ||
| Q2 24 | $180.4M | $486.9M | ||
| Q1 24 | $631.0M | $-398.2M |
自由现金流率PAYXVIRT
| Q4 25 | 25.5% | 51.1% | ||
| Q3 25 | 44.4% | -9.3% | ||
| Q2 25 | 20.5% | 5.8% | ||
| Q1 25 | 45.5% | 1.1% | ||
| Q4 24 | 19.4% | 70.3% | ||
| Q3 24 | 39.9% | 15.0% | ||
| Q2 24 | 14.4% | 70.3% | ||
| Q1 24 | 45.2% | -61.9% |
资本支出强度PAYXVIRT
| Q4 25 | 4.1% | 2.4% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 4.4% | 0.5% | ||
| Q1 25 | 3.3% | 0.7% | ||
| Q4 24 | 3.7% | 1.5% | ||
| Q3 24 | 2.8% | 0.8% | ||
| Q2 24 | 3.3% | 0.6% | ||
| Q1 24 | 2.9% | 0.4% |
现金转化率PAYXVIRT
| Q4 25 | 1.13× | 3.71× | ||
| Q3 25 | 1.87× | -0.89× | ||
| Q2 25 | 1.16× | 0.42× | ||
| Q1 25 | 1.38× | 0.15× | ||
| Q4 24 | 0.71× | 6.37× | ||
| Q3 24 | 1.28× | 1.87× | ||
| Q2 24 | 0.58× | 7.37× | ||
| Q1 24 | 1.35× | -7.08× |
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% |
VIRT
暂无分部数据
