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普信集团（TROW）与Workday, Inc.（WDAY）财务数据对比。点击上方公司名可切换其他公司
Workday, Inc.的季度营收约是普信集团的1.3倍（$2.4B vs $1.9B），普信集团净利率更高（23.0% vs 10.4%，领先12.7%），Workday, Inc.同比增速更快（12.6% vs 6.0%），Workday, Inc.自由现金流更多（$550.0M vs $-85.4M），过去两年Workday, Inc.的营收复合增速更高（12.5% vs 5.1%）
普信集团（T. Rowe Price）是美国上市的全球性资产管理机构，面向个人、机构及金融中介提供基金、次咨询服务、独立账户管理、退休规划等多元金融服务。截至2023年，公司管理资产规模超1.51万亿美元，年营收64.8亿美元，位列美国财富1000强第537位。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
TROW vs WDAY — 直观对比
营收规模更大
WDAY
是对方的1.3倍
$1.9B
营收增速更快
WDAY
高出6.6%
6.0%
净利率更高
TROW
高出12.7%
10.4%
自由现金流更多
WDAY
多$635.4M
$-85.4M
两年增速更快
WDAY
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.4B |
| 净利润 | $445.3M | $252.0M |
| 毛利率 | — | — |
| 营业利润率 | 24.4% | 10.6% |
| 净利率 | 23.0% | 10.4% |
| 营收同比 | 6.0% | 12.6% |
| 净利润同比 | 1.2% | 30.6% |
| 每股收益（稀释后） | $1.98 | $0.94 |
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TROWWDAY
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $1.9B | $2.3B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.8B | $2.2B | ||
| Q4 24 | $1.8B | $2.2B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.0B | ||
| Q1 24 | $1.8B | $1.9B |
净利润TROWWDAY
| Q4 25 | $445.3M | $252.0M | ||
| Q3 25 | $646.1M | $228.0M | ||
| Q2 25 | $505.2M | $68.0M | ||
| Q1 25 | $490.5M | $94.0M | ||
| Q4 24 | $439.9M | $193.0M | ||
| Q3 24 | $603.0M | $132.0M | ||
| Q2 24 | $483.4M | $107.0M | ||
| Q1 24 | $573.8M | $1.2B |
营业利润率TROWWDAY
| Q4 25 | 24.4% | 10.6% | ||
| Q3 25 | 34.0% | 10.6% | ||
| Q2 25 | 27.8% | 1.7% | ||
| Q1 25 | 33.8% | 3.4% | ||
| Q4 24 | 31.2% | 7.6% | ||
| Q3 24 | 34.4% | 5.3% | ||
| Q2 24 | 32.6% | 3.2% | ||
| Q1 24 | 33.5% | 4.1% |
净利率TROWWDAY
| Q4 25 | 23.0% | 10.4% | ||
| Q3 25 | 34.1% | 9.7% | ||
| Q2 25 | 29.3% | 3.0% | ||
| Q1 25 | 27.8% | 4.3% | ||
| Q4 24 | 24.1% | 8.9% | ||
| Q3 24 | 33.8% | 6.3% | ||
| Q2 24 | 27.9% | 5.4% | ||
| Q1 24 | 32.8% | 61.8% |
每股收益（稀释后）TROWWDAY
| Q4 25 | $1.98 | $0.94 | ||
| Q3 25 | $2.87 | $0.84 | ||
| Q2 25 | $2.24 | $0.25 | ||
| Q1 25 | $2.15 | $0.34 | ||
| Q4 24 | $1.91 | $0.72 | ||
| Q3 24 | $2.64 | $0.49 | ||
| Q2 24 | $2.11 | $0.40 | ||
| Q1 24 | $2.49 | $4.48 |
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 | $3.4B | $6.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.9B | $8.9B |
| 总资产 | $14.3B | $17.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TROWWDAY
| Q4 25 | $3.4B | $6.8B | ||
| Q3 25 | $3.6B | $8.2B | ||
| Q2 25 | $3.1B | $8.0B | ||
| Q1 25 | $2.8B | $8.0B | ||
| Q4 24 | $2.6B | $7.2B | ||
| Q3 24 | $3.2B | $7.4B | ||
| Q2 24 | $2.7B | $7.2B | ||
| Q1 24 | $2.4B | $7.8B |
总债务TROWWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
股东权益TROWWDAY
| Q4 25 | $10.9B | $8.9B | ||
| Q3 25 | $10.8B | $9.2B | ||
| Q2 25 | $10.6B | $8.9B | ||
| Q1 25 | $10.4B | $9.0B | ||
| Q4 24 | $10.3B | $8.6B | ||
| Q3 24 | $10.2B | $8.3B | ||
| Q2 24 | $9.9B | $8.2B | ||
| Q1 24 | $9.8B | $8.1B |
总资产TROWWDAY
| Q4 25 | $14.3B | $17.8B | ||
| Q3 25 | $14.7B | $18.0B | ||
| Q2 25 | $14.3B | $17.2B | ||
| Q1 25 | $14.0B | $18.0B | ||
| Q4 24 | $13.5B | $16.4B | ||
| Q3 24 | $13.7B | $16.2B | ||
| Q2 24 | $13.1B | $15.9B | ||
| Q1 24 | $12.9B | $16.5B |
负债/权益比TROWWDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $-18.7M | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $-85.4M | $550.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 22.6% |
| 资本支出强度资本支出/营收 | 3.4% | 1.6% |
| 现金转化率经营现金流/净利润 | -0.04× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $2.6B |
8季度趋势，按日历期对齐
经营现金流TROWWDAY
| Q4 25 | $-18.7M | $588.0M | ||
| Q3 25 | $609.3M | $616.0M | ||
| Q2 25 | $529.9M | $457.0M | ||
| Q1 25 | $632.9M | $1.1B | ||
| Q4 24 | $-281.9M | $406.0M | ||
| Q3 24 | $652.5M | $571.0M | ||
| Q2 24 | $677.7M | $372.0M | ||
| Q1 24 | $637.3M | $995.6M |
自由现金流TROWWDAY
| Q4 25 | $-85.4M | $550.0M | ||
| Q3 25 | $546.0M | $588.0M | ||
| Q2 25 | $467.7M | $421.0M | ||
| Q1 25 | $550.9M | $1.0B | ||
| Q4 24 | $-394.9M | $359.0M | ||
| Q3 24 | $547.9M | $516.0M | ||
| Q2 24 | $574.4M | $291.0M | ||
| Q1 24 | $534.8M | $947.6M |
自由现金流率TROWWDAY
| Q4 25 | -4.4% | 22.6% | ||
| Q3 25 | 28.8% | 25.0% | ||
| Q2 25 | 27.1% | 18.8% | ||
| Q1 25 | 31.2% | 46.4% | ||
| Q4 24 | -21.6% | 16.6% | ||
| Q3 24 | 30.7% | 24.7% | ||
| Q2 24 | 33.1% | 14.6% | ||
| Q1 24 | 30.6% | 49.3% |
资本支出强度TROWWDAY
| Q4 25 | 3.4% | 1.6% | ||
| Q3 25 | 3.3% | 1.2% | ||
| Q2 25 | 3.6% | 1.6% | ||
| Q1 25 | 4.6% | 3.9% | ||
| Q4 24 | 6.2% | 2.2% | ||
| Q3 24 | 5.9% | 2.6% | ||
| Q2 24 | 6.0% | 4.1% | ||
| Q1 24 | 5.9% | 2.5% |
现金转化率TROWWDAY
| Q4 25 | -0.04× | 2.33× | ||
| Q3 25 | 0.94× | 2.70× | ||
| Q2 25 | 1.05× | 6.72× | ||
| Q1 25 | 1.29× | 11.83× | ||
| Q4 24 | -0.64× | 2.10× | ||
| Q3 24 | 1.08× | 4.33× | ||
| Q2 24 | 1.40× | 3.48× | ||
| Q1 24 | 1.11× | 0.84× |
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
TROW
| Asset Management1 | $1.7B | 90% |
| Administrative Distribution Servicing And Other Fee Revenue | $141.5M | 7% |
| Other | $40.8M | 2% |
| Performance Based Advisory Fees | $14.2M | 1% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
