vs
标普全球（VG）与Workday, Inc.（WDAY）财务数据对比。点击上方公司名可切换其他公司
标普全球的季度营收约是Workday, Inc.的1.8倍（$4.4B vs $2.4B），标普全球净利率更高（26.8% vs 10.4%，领先16.4%），标普全球同比增速更快（191.7% vs 12.6%），Workday, Inc.自由现金流更多（$550.0M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% vs 12.5%）
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
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。
VG vs WDAY — 直观对比
营收规模更大
VG
是对方的1.8倍
$2.4B
营收增速更快
VG
高出179.1%
12.6%
净利率更高
VG
高出16.4%
10.4%
自由现金流更多
WDAY
多$2.1B
$-1.5B
两年增速更快
VG
近两年复合增速
12.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $2.4B |
| 净利润 | $1.2B | $252.0M |
| 毛利率 | — | — |
| 营业利润率 | 38.7% | 10.6% |
| 净利率 | 26.8% | 10.4% |
| 营收同比 | 191.7% | 12.6% |
| 净利润同比 | 20.3% | 30.6% |
| 每股收益（稀释后） | $0.41 | $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VGWDAY
| Q4 25 | $4.4B | $2.4B | ||
| Q3 25 | $3.3B | $2.3B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $2.9B | $2.2B | ||
| Q4 24 | $1.5B | $2.2B | ||
| Q3 24 | $926.0M | $2.1B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.4B | $1.9B |
净利润VGWDAY
| Q4 25 | $1.2B | $252.0M | ||
| Q3 25 | $550.0M | $228.0M | ||
| Q2 25 | $475.0M | $68.0M | ||
| Q1 25 | $517.0M | $94.0M | ||
| Q4 24 | $990.0M | $193.0M | ||
| Q3 24 | $-294.0M | $132.0M | ||
| Q2 24 | $352.0M | $107.0M | ||
| Q1 24 | $698.0M | $1.2B |
营业利润率VGWDAY
| Q4 25 | 38.7% | 10.6% | ||
| Q3 25 | 39.7% | 10.6% | ||
| Q2 25 | 33.5% | 1.7% | ||
| Q1 25 | 37.3% | 3.4% | ||
| Q4 24 | 39.0% | 7.6% | ||
| Q3 24 | 20.4% | 5.3% | ||
| Q2 24 | 32.8% | 3.2% | ||
| Q1 24 | 43.6% | 4.1% |
净利率VGWDAY
| Q4 25 | 26.8% | 10.4% | ||
| Q3 25 | 16.5% | 9.7% | ||
| Q2 25 | 15.3% | 3.0% | ||
| Q1 25 | 17.9% | 4.3% | ||
| Q4 24 | 65.0% | 8.9% | ||
| Q3 24 | -31.7% | 6.3% | ||
| Q2 24 | 31.8% | 5.4% | ||
| Q1 24 | 49.4% | 61.8% |
每股收益（稀释后）VGWDAY
| Q4 25 | $0.41 | $0.94 | ||
| Q3 25 | $0.16 | $0.84 | ||
| Q2 25 | $0.14 | $0.25 | ||
| Q1 25 | $0.15 | $0.34 | ||
| Q4 24 | $0.35 | $0.72 | ||
| Q3 24 | $-0.15 | $0.49 | ||
| Q2 24 | $0.12 | $0.40 | ||
| Q1 24 | $0.25 | $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 | $2.4B | $6.8B |
| 总债务越低越好 | $34.2B | — |
| 股东权益账面价值 | $6.7B | $8.9B |
| 总资产 | $53.4B | $17.8B |
| 负债/权益比越低杠杆越低 | 5.07× | — |
8季度趋势，按日历期对齐
现金及短期投资VGWDAY
| Q4 25 | $2.4B | $6.8B | ||
| Q3 25 | $1.9B | $8.2B | ||
| Q2 25 | $2.2B | $8.0B | ||
| Q1 25 | $3.6B | $8.0B | ||
| Q4 24 | $3.6B | $7.2B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.2B | ||
| Q1 24 | — | $7.8B |
总债务VGWDAY
| Q4 25 | $34.2B | — | ||
| Q3 25 | $32.6B | — | ||
| Q2 25 | $30.0B | — | ||
| Q1 25 | $29.3B | — | ||
| Q4 24 | $29.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
股东权益VGWDAY
| Q4 25 | $6.7B | $8.9B | ||
| Q3 25 | $5.7B | $9.2B | ||
| Q2 25 | $5.3B | $8.9B | ||
| Q1 25 | $4.9B | $9.0B | ||
| Q4 24 | $2.9B | $8.6B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | — | $8.2B | ||
| Q1 24 | — | $8.1B |
总资产VGWDAY
| Q4 25 | $53.4B | $17.8B | ||
| Q3 25 | $50.1B | $18.0B | ||
| Q2 25 | $46.5B | $17.2B | ||
| Q1 25 | $45.1B | $18.0B | ||
| Q4 24 | $43.5B | $16.4B | ||
| Q3 24 | — | $16.2B | ||
| Q2 24 | — | $15.9B | ||
| Q1 24 | — | $16.5B |
负债/权益比VGWDAY
| Q4 25 | 5.07× | — | ||
| Q3 25 | 5.73× | — | ||
| Q2 25 | 5.69× | — | ||
| Q1 25 | 6.01× | — | ||
| Q4 24 | 10.11× | — | ||
| 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 | $2.1B | $588.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.5B | $550.0M |
| 自由现金流率自由现金流/营收 | -34.1% | 22.6% |
| 资本支出强度资本支出/营收 | 81.6% | 1.6% |
| 现金转化率经营现金流/净利润 | 1.77× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $-6.8B | $2.6B |
8季度趋势，按日历期对齐
经营现金流VGWDAY
| Q4 25 | $2.1B | $588.0M | ||
| Q3 25 | $1.9B | $616.0M | ||
| Q2 25 | $1.5B | $457.0M | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | — | $406.0M | ||
| Q3 24 | — | $571.0M | ||
| Q2 24 | — | $372.0M | ||
| Q1 24 | $638.0M | $995.6M |
自由现金流VGWDAY
| Q4 25 | $-1.5B | $550.0M | ||
| Q3 25 | $-1.4B | $588.0M | ||
| Q2 25 | $-1.5B | $421.0M | ||
| Q1 25 | $-2.4B | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | — | $291.0M | ||
| Q1 24 | $-2.4B | $947.6M |
自由现金流率VGWDAY
| Q4 25 | -34.1% | 22.6% | ||
| Q3 25 | -42.4% | 25.0% | ||
| Q2 25 | -49.1% | 18.8% | ||
| Q1 25 | -81.3% | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 14.6% | ||
| Q1 24 | -167.3% | 49.3% |
资本支出强度VGWDAY
| Q4 25 | 81.6% | 1.6% | ||
| Q3 25 | 98.9% | 1.2% | ||
| Q2 25 | 96.1% | 1.6% | ||
| Q1 25 | 119.8% | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | 212.4% | 2.5% |
现金转化率VGWDAY
| Q4 25 | 1.77× | 2.33× | ||
| Q3 25 | 3.42× | 2.70× | ||
| Q2 25 | 3.07× | 6.72× | ||
| Q1 25 | 2.15× | 11.83× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 4.33× | ||
| Q2 24 | — | 3.48× | ||
| Q1 24 | 0.91× | 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
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
