vs
Paylocity Holding Corp（PCTY）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Paylocity Holding Corp的1.2倍（$461.6M vs $387.0M），RBC Bearings INC净利率更高（14.6% vs 13.0%，领先1.6%），RBC Bearings INC同比增速更快（17.0% vs 11.3%），Paylocity Holding Corp自由现金流更多（$113.6M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 2.7%）
Paylocity Holding Corp是美国领先的云端人力资源管理服务商，核心产品覆盖薪资核算、支出管理及人力资本管理（HCM）类SaaS软件，可帮助不同规模的企业客户优化人力与财务相关运营流程，有效提升管理效率、降低运营成本。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
PCTY vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$387.0M
营收增速更快
RBC
高出5.7%
11.3%
净利率更高
RBC
高出1.6%
13.0%
自由现金流更多
PCTY
多$14.5M
$99.1M
两年增速更快
RBC
近两年复合增速
2.7%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $387.0M | $461.6M |
| 净利润 | $50.2M | $67.4M |
| 毛利率 | 72.9% | 44.3% |
| 营业利润率 | 18.2% | 22.3% |
| 净利率 | 13.0% | 14.6% |
| 营收同比 | 11.3% | 17.0% |
| 净利润同比 | 34.0% | 16.4% |
| 每股收益（稀释后） | $0.92 | $2.13 |
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PCTYRBC
| Q4 25 | $387.0M | $461.6M | ||
| Q3 25 | $378.9M | $455.3M | ||
| Q2 25 | $369.9M | $436.0M | ||
| Q1 25 | $421.1M | $437.7M | ||
| Q4 24 | $347.7M | $394.4M | ||
| Q3 24 | $333.1M | $397.9M | ||
| Q2 24 | $324.7M | $406.3M | ||
| Q1 24 | $366.8M | $413.7M |
净利润PCTYRBC
| Q4 25 | $50.2M | $67.4M | ||
| Q3 25 | $48.0M | $60.0M | ||
| Q2 25 | $48.6M | $68.5M | ||
| Q1 25 | $91.5M | $72.7M | ||
| Q4 24 | $37.5M | $57.9M | ||
| Q3 24 | $49.6M | $54.2M | ||
| Q2 24 | $48.8M | $61.4M | ||
| Q1 24 | $85.3M | — |
毛利率PCTYRBC
| Q4 25 | 72.9% | 44.3% | ||
| Q3 25 | 73.9% | 44.1% | ||
| Q2 25 | 73.5% | 44.8% | ||
| Q1 25 | 77.1% | 44.2% | ||
| Q4 24 | 72.6% | 44.3% | ||
| Q3 24 | 74.4% | 43.7% | ||
| Q2 24 | 74.0% | 45.3% | ||
| Q1 24 | 77.8% | 43.1% |
营业利润率PCTYRBC
| Q4 25 | 18.2% | 22.3% | ||
| Q3 25 | 19.6% | 21.5% | ||
| Q2 25 | 17.9% | 23.2% | ||
| Q1 25 | 30.2% | 23.0% | ||
| Q4 24 | 13.4% | 21.7% | ||
| Q3 24 | 19.3% | 21.6% | ||
| Q2 24 | 19.4% | 24.0% | ||
| Q1 24 | 29.0% | 22.8% |
净利率PCTYRBC
| Q4 25 | 13.0% | 14.6% | ||
| Q3 25 | 12.7% | 13.2% | ||
| Q2 25 | 13.1% | 15.7% | ||
| Q1 25 | 21.7% | 16.6% | ||
| Q4 24 | 10.8% | 14.7% | ||
| Q3 24 | 14.9% | 13.6% | ||
| Q2 24 | 15.0% | 15.1% | ||
| Q1 24 | 23.3% | — |
每股收益（稀释后）PCTYRBC
| Q4 25 | $0.92 | $2.13 | ||
| Q3 25 | $0.86 | $1.90 | ||
| Q2 25 | $0.87 | $2.17 | ||
| Q1 25 | $1.61 | $2.33 | ||
| Q4 24 | $0.66 | $1.82 | ||
| Q3 24 | $0.88 | $1.65 | ||
| Q2 24 | $0.85 | $1.90 | ||
| Q1 24 | $1.50 | $1.92 |
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 | $162.5M | $107.6M |
| 总债务越低越好 | $81.3M | $990.2M |
| 股东权益账面价值 | $1.1B | $3.3B |
| 总资产 | $7.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PCTYRBC
| Q4 25 | $162.5M | $107.6M | ||
| Q3 25 | $165.2M | $91.2M | ||
| Q2 25 | $398.1M | $132.9M | ||
| Q1 25 | $477.8M | $36.8M | ||
| Q4 24 | $482.4M | — | ||
| Q3 24 | $778.5M | — | ||
| Q2 24 | $401.8M | $76.8M | ||
| Q1 24 | $492.7M | $63.5M |
总债务PCTYRBC
| Q4 25 | $81.3M | $990.2M | ||
| Q3 25 | $81.3M | $1.1B | ||
| Q2 25 | $162.5M | $915.6M | ||
| Q1 25 | $243.8M | $920.1M | ||
| Q4 24 | $325.0M | — | ||
| Q3 24 | $325.0M | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | — | $1.2B |
股东权益PCTYRBC
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $2.9B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $1.1B | $2.8B |
总资产PCTYRBC
| Q4 25 | $7.0B | $5.1B | ||
| Q3 25 | $4.2B | $5.1B | ||
| Q2 25 | $4.4B | $4.8B | ||
| Q1 25 | $5.2B | $4.7B | ||
| Q4 24 | $5.3B | $4.7B | ||
| Q3 24 | $4.0B | $4.7B | ||
| Q2 24 | $4.2B | $4.7B | ||
| Q1 24 | $5.0B | $4.7B |
负债/权益比PCTYRBC
| Q4 25 | 0.07× | 0.30× | ||
| Q3 25 | 0.07× | 0.34× | ||
| Q2 25 | 0.13× | 0.29× | ||
| Q1 25 | 0.20× | 0.30× | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | — | 0.43× |
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 | $117.0M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $113.6M | $99.1M |
| 自由现金流率自由现金流/营收 | 29.4% | 21.5% |
| 资本支出强度资本支出/营收 | 0.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.33× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $461.1M | — |
8季度趋势，按日历期对齐
经营现金流PCTYRBC
| Q4 25 | $117.0M | $122.1M | ||
| Q3 25 | $86.5M | $88.4M | ||
| Q2 25 | $86.6M | $120.0M | ||
| Q1 25 | $186.0M | — | ||
| Q4 24 | $54.2M | $84.0M | ||
| Q3 24 | $91.5M | — | ||
| Q2 24 | $79.9M | $97.4M | ||
| Q1 24 | $167.5M | — |
自由现金流PCTYRBC
| Q4 25 | $113.6M | $99.1M | ||
| Q3 25 | $82.7M | $71.7M | ||
| Q2 25 | $81.1M | $104.3M | ||
| Q1 25 | $183.7M | — | ||
| Q4 24 | $51.2M | $73.6M | ||
| Q3 24 | $89.1M | — | ||
| Q2 24 | $73.6M | $88.4M | ||
| Q1 24 | $162.0M | — |
自由现金流率PCTYRBC
| Q4 25 | 29.4% | 21.5% | ||
| Q3 25 | 21.8% | 15.7% | ||
| Q2 25 | 21.9% | 23.9% | ||
| Q1 25 | 43.6% | — | ||
| Q4 24 | 14.7% | 18.7% | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 22.7% | 21.8% | ||
| Q1 24 | 44.2% | — |
资本支出强度PCTYRBC
| Q4 25 | 0.9% | 5.0% | ||
| Q3 25 | 1.0% | 3.7% | ||
| Q2 25 | 1.5% | 3.6% | ||
| Q1 25 | 0.5% | 3.2% | ||
| Q4 24 | 0.9% | 2.6% | ||
| Q3 24 | 0.7% | 4.1% | ||
| Q2 24 | 1.9% | 2.2% | ||
| Q1 24 | 1.5% | — |
现金转化率PCTYRBC
| Q4 25 | 2.33× | 1.81× | ||
| Q3 25 | 1.80× | 1.47× | ||
| Q2 25 | 1.78× | 1.75× | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 1.45× | 1.45× | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 1.64× | 1.59× | ||
| Q1 24 | 1.96× | — |
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
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
