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Paychex（PAYX）与WEIS MARKETS INC（WMK）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WEIS MARKETS INC的1.2倍（$1.5B vs $1.3B），Paychex净利率更高（26.3% vs 2.5%，领先23.8%），Paychex同比增速更快（17.4% vs 5.0%），Paychex自由现金流更多（$382.8M vs $36.4M），过去两年WEIS MARKETS INC的营收复合增速更高（4.7% 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。
魏斯市场（Weis Markets）是美国本土食品零售企业，总部位于宾夕法尼亚州森伯里。目前在宾夕法尼亚、马里兰、纽约、新泽西、西弗吉尼亚、弗吉尼亚、特拉华七个州运营200家门店，员工规模超2.3万人。
PAYX vs WMK — 直观对比
营收规模更大
PAYX
是对方的1.2倍
$1.3B
营收增速更快
PAYX
高出12.3%
5.0%
净利率更高
PAYX
高出23.8%
2.5%
自由现金流更多
PAYX
多$346.4M
$36.4M
两年增速更快
WMK
近两年复合增速
3.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.3B |
| 净利润 | $395.4M | $32.0M |
| 毛利率 | 72.6% | 25.3% |
| 营业利润率 | 38.0% | 3.2% |
| 净利率 | 26.3% | 2.5% |
| 营收同比 | 17.4% | 5.0% |
| 净利润同比 | -4.4% | -5.1% |
| 每股收益（稀释后） | $1.10 | $1.27 |
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PAYXWMK
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
净利润PAYXWMK
| Q4 25 | $395.4M | $32.0M | ||
| Q3 25 | $383.8M | $16.9M | ||
| Q2 25 | $297.2M | $25.3M | ||
| Q1 25 | $519.3M | $19.5M | ||
| Q4 24 | $413.4M | $33.7M | ||
| Q3 24 | $427.4M | $24.5M | ||
| Q2 24 | $379.9M | $25.4M | ||
| Q1 24 | $498.6M | $22.4M |
毛利率PAYXWMK
| Q4 25 | 72.6% | 25.3% | ||
| Q3 25 | 72.3% | 24.7% | ||
| Q2 25 | 71.5% | 25.2% | ||
| Q1 25 | 73.6% | 24.8% | ||
| Q4 24 | 70.4% | 25.4% | ||
| Q3 24 | 70.3% | 24.6% | ||
| Q2 24 | 70.1% | 25.1% | ||
| Q1 24 | 72.8% | 24.9% |
营业利润率PAYXWMK
| Q4 25 | 38.0% | 3.2% | ||
| Q3 25 | 36.3% | 1.7% | ||
| Q2 25 | 31.2% | 2.5% | ||
| Q1 25 | 47.2% | 1.8% | ||
| Q4 24 | 42.0% | 3.3% | ||
| Q3 24 | 42.7% | 2.3% | ||
| Q2 24 | 38.3% | 2.6% | ||
| Q1 24 | 46.6% | 2.2% |
净利率PAYXWMK
| Q4 25 | 26.3% | 2.5% | ||
| Q3 25 | 25.7% | 1.4% | ||
| Q2 25 | 21.5% | 2.1% | ||
| Q1 25 | 35.4% | 1.6% | ||
| Q4 24 | 32.3% | 2.7% | ||
| Q3 24 | 33.4% | 2.1% | ||
| Q2 24 | 30.2% | 2.1% | ||
| Q1 24 | 35.7% | 1.9% |
每股收益（稀释后）PAYXWMK
| Q4 25 | $1.10 | $1.27 | ||
| Q3 25 | $1.06 | $0.69 | ||
| Q2 25 | $0.83 | $0.96 | ||
| Q1 25 | $1.43 | $0.73 | ||
| Q4 24 | $1.14 | $1.25 | ||
| Q3 24 | $1.18 | $0.91 | ||
| Q2 24 | $1.05 | $0.95 | ||
| Q1 24 | $1.38 | $0.83 |
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 | $214.2M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.9B | $1.4B |
| 总资产 | $16.5B | $2.0B |
| 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PAYXWMK
| Q4 25 | $1.5B | $214.2M | ||
| Q3 25 | $1.7B | $177.6M | ||
| Q2 25 | $1.7B | $188.8M | ||
| Q1 25 | $1.6B | $337.9M | ||
| Q4 24 | $1.2B | $382.3M | ||
| Q3 24 | $1.5B | $381.2M | ||
| Q2 24 | $1.5B | $398.7M | ||
| Q1 24 | $1.7B | $397.5M |
总债务PAYXWMK
| 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PAYXWMK
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $4.1B | $1.3B | ||
| Q1 25 | $4.1B | $1.4B | ||
| Q4 24 | $3.9B | $1.4B | ||
| Q3 24 | $3.9B | $1.4B | ||
| Q2 24 | $3.8B | $1.4B | ||
| Q1 24 | $3.7B | $1.4B |
总资产PAYXWMK
| Q4 25 | $16.5B | $2.0B | ||
| Q3 25 | $16.7B | $2.0B | ||
| Q2 25 | $16.6B | $1.9B | ||
| Q1 25 | $11.2B | $2.1B | ||
| Q4 24 | $10.6B | $2.1B | ||
| Q3 24 | $10.5B | $2.1B | ||
| Q2 24 | $10.4B | $2.1B | ||
| Q1 24 | $13.0B | $2.0B |
负债/权益比PAYXWMK
| 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 | $86.6M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $36.4M |
| 自由现金流率自由现金流/营收 | 25.5% | 2.8% |
| 资本支出强度资本支出/营收 | 4.1% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.13× | 2.71× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $4.8M |
8季度趋势，按日历期对齐
经营现金流PAYXWMK
| Q4 25 | $444.9M | $86.6M | ||
| Q3 25 | $718.4M | $59.2M | ||
| Q2 25 | $343.8M | $56.6M | ||
| Q1 25 | $716.0M | $4.9M | ||
| Q4 24 | $295.0M | $87.1M | ||
| Q3 24 | $546.1M | $25.8M | ||
| Q2 24 | $221.7M | $40.3M | ||
| Q1 24 | $671.7M | $34.2M |
自由现金流PAYXWMK
| Q4 25 | $382.8M | $36.4M | ||
| Q3 25 | $662.5M | $-4.7M | ||
| Q2 25 | $283.3M | $1.4M | ||
| Q1 25 | $667.3M | $-28.3M | ||
| Q4 24 | $248.0M | $33.7M | ||
| Q3 24 | $510.5M | $-16.5M | ||
| Q2 24 | $180.4M | $10.2M | ||
| Q1 24 | $631.0M | $-1.3M |
自由现金流率PAYXWMK
| Q4 25 | 25.5% | 2.8% | ||
| Q3 25 | 44.4% | -0.4% | ||
| Q2 25 | 20.5% | 0.1% | ||
| Q1 25 | 45.5% | -2.4% | ||
| Q4 24 | 19.4% | 2.7% | ||
| Q3 24 | 39.9% | -1.4% | ||
| Q2 24 | 14.4% | 0.9% | ||
| Q1 24 | 45.2% | -0.1% |
资本支出强度PAYXWMK
| Q4 25 | 4.1% | 3.9% | ||
| Q3 25 | 3.7% | 5.1% | ||
| Q2 25 | 4.4% | 4.5% | ||
| Q1 25 | 3.3% | 2.8% | ||
| Q4 24 | 3.7% | 4.3% | ||
| Q3 24 | 2.8% | 3.6% | ||
| Q2 24 | 3.3% | 2.5% | ||
| Q1 24 | 2.9% | 3.0% |
现金转化率PAYXWMK
| Q4 25 | 1.13× | 2.71× | ||
| Q3 25 | 1.87× | 3.50× | ||
| Q2 25 | 1.16× | 2.24× | ||
| Q1 25 | 1.38× | 0.25× | ||
| Q4 24 | 0.71× | 2.59× | ||
| Q3 24 | 1.28× | 1.05× | ||
| Q2 24 | 0.58× | 1.58× | ||
| Q1 24 | 1.35× | 1.53× |
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% |
WMK
| Grocery | $1.0B | 80% |
| Pharmacy | $186.7M | 14% |
| Fuel Product | $66.5M | 5% |
| Services | $5.9M | 0% |
| Manufacturing | $2.2M | 0% |
