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Side-by-side financial comparison of BOISE CASCADE Co (BCC) and TRINET GROUP, INC. (TNET). Click either name above to swap in a different company.

BOISE CASCADE Co is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× TRINET GROUP, INC.). On growth, TRINET GROUP, INC. posted the faster year-over-year revenue change (-2.2% vs -6.8%). BOISE CASCADE Co produced more free cash flow last quarter ($77.0M vs $43.0M). Over the past eight quarters, TRINET GROUP, INC.'s revenue compounded faster (-0.6% CAGR vs -5.8%).

Boise Cascade Company is an American manufacturer of wood products and wholesale distributor of building materials, headquartered in Boise, Idaho.

TriNet Group, Inc. is a professional employer organization for small and medium-sized businesses. TriNet administers payroll and health benefits and advises clients on employment law compliance and risk reduction, acting in some cases as an outsourced human resources department. TriNet is headquartered in Dublin, California. TriNet partners with organizations between 3 and 2,500 employees.

BCC vs TNET — Head-to-Head

Bigger by revenue
BCC
BCC
1.2× larger
BCC
$1.5B
$1.2B
TNET
Growing faster (revenue YoY)
TNET
TNET
+4.7% gap
TNET
-2.2%
-6.8%
BCC
More free cash flow
BCC
BCC
$34.0M more FCF
BCC
$77.0M
$43.0M
TNET
Faster 2-yr revenue CAGR
TNET
TNET
Annualised
TNET
-0.6%
-5.8%
BCC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BCC
BCC
TNET
TNET
Revenue
$1.5B
$1.2B
Net Profit
$8.7M
Gross Margin
Operating Margin
1.1%
0.1%
Net Margin
0.6%
Revenue YoY
-6.8%
-2.2%
Net Profit YoY
-87.3%
EPS (diluted)
$0.25
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BCC
BCC
TNET
TNET
Q4 25
$1.5B
$1.2B
Q3 25
$1.7B
$1.2B
Q2 25
$1.7B
$1.2B
Q1 25
$1.5B
$1.3B
Q4 24
$1.6B
$1.3B
Q3 24
$1.7B
$1.2B
Q2 24
$1.8B
$1.2B
Q1 24
$1.6B
$1.3B
Net Profit
BCC
BCC
TNET
TNET
Q4 25
$8.7M
Q3 25
$21.8M
$34.0M
Q2 25
$62.0M
$37.0M
Q1 25
$40.3M
$85.0M
Q4 24
$68.9M
Q3 24
$91.0M
$45.0M
Q2 24
$112.3M
$60.0M
Q1 24
$104.1M
$91.0M
Operating Margin
BCC
BCC
TNET
TNET
Q4 25
1.1%
0.1%
Q3 25
1.9%
4.1%
Q2 25
4.6%
4.1%
Q1 25
3.5%
8.9%
Q4 24
5.9%
-2.9%
Q3 24
6.8%
4.7%
Q2 24
8.2%
6.5%
Q1 24
8.1%
9.7%
Net Margin
BCC
BCC
TNET
TNET
Q4 25
0.6%
Q3 25
1.3%
2.8%
Q2 25
3.6%
3.0%
Q1 25
2.6%
6.6%
Q4 24
4.4%
Q3 24
5.3%
3.6%
Q2 24
6.2%
4.9%
Q1 24
6.3%
7.2%
EPS (diluted)
BCC
BCC
TNET
TNET
Q4 25
$0.25
$0.02
Q3 25
$0.58
$0.70
Q2 25
$1.64
$0.77
Q1 25
$1.06
$1.71
Q4 24
$1.79
$-0.44
Q3 24
$2.33
$0.89
Q2 24
$2.84
$1.20
Q1 24
$2.61
$1.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BCC
BCC
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$477.2M
$287.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$54.0M
Total Assets
$3.2B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCC
BCC
TNET
TNET
Q4 25
$477.2M
$287.0M
Q3 25
$511.8M
$321.0M
Q2 25
$481.0M
$407.0M
Q1 25
$561.8M
$349.0M
Q4 24
$713.3M
$360.0M
Q3 24
$761.6M
$301.0M
Q2 24
$922.1M
$249.0M
Q1 24
$890.2M
$383.0M
Stockholders' Equity
BCC
BCC
TNET
TNET
Q4 25
$2.1B
$54.0M
Q3 25
$2.1B
$110.0M
Q2 25
$2.2B
$107.0M
Q1 25
$2.1B
$63.0M
Q4 24
$2.2B
$69.0M
Q3 24
$2.1B
$129.0M
Q2 24
$2.3B
$100.0M
Q1 24
$2.3B
$143.0M
Total Assets
BCC
BCC
TNET
TNET
Q4 25
$3.2B
$3.8B
Q3 25
$3.4B
$3.4B
Q2 25
$3.4B
$3.7B
Q1 25
$3.5B
$3.8B
Q4 24
$3.4B
$4.1B
Q3 24
$3.4B
$3.7B
Q2 24
$3.7B
$3.7B
Q1 24
$3.6B
$4.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BCC
BCC
TNET
TNET
Operating Cash FlowLast quarter
$131.0M
$61.0M
Free Cash FlowOCF − Capex
$77.0M
$43.0M
FCF MarginFCF / Revenue
5.3%
3.4%
Capex IntensityCapex / Revenue
3.7%
1.4%
Cash ConversionOCF / Net Profit
15.00×
TTM Free Cash FlowTrailing 4 quarters
$12.7M
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCC
BCC
TNET
TNET
Q4 25
$131.0M
$61.0M
Q3 25
$118.4M
$72.0M
Q2 25
$33.2M
$75.0M
Q1 25
$-28.5M
$95.0M
Q4 24
$94.6M
$65.0M
Q3 24
$174.6M
$84.0M
Q2 24
$141.7M
$39.0M
Q1 24
$27.5M
$91.0M
Free Cash Flow
BCC
BCC
TNET
TNET
Q4 25
$77.0M
$43.0M
Q3 25
$63.2M
$55.0M
Q2 25
$-45.9M
$57.0M
Q1 25
$-81.7M
$79.0M
Q4 24
$759.0K
$47.0M
Q3 24
$112.9M
$59.0M
Q2 24
$101.9M
$22.0M
Q1 24
$-6.9M
$73.0M
FCF Margin
BCC
BCC
TNET
TNET
Q4 25
5.3%
3.4%
Q3 25
3.8%
4.5%
Q2 25
-2.6%
4.6%
Q1 25
-5.3%
6.1%
Q4 24
0.0%
3.7%
Q3 24
6.6%
4.8%
Q2 24
5.7%
1.8%
Q1 24
-0.4%
5.8%
Capex Intensity
BCC
BCC
TNET
TNET
Q4 25
3.7%
1.4%
Q3 25
3.3%
1.4%
Q2 25
4.5%
1.5%
Q1 25
3.5%
1.2%
Q4 24
6.0%
1.4%
Q3 24
3.6%
2.0%
Q2 24
2.2%
1.4%
Q1 24
2.1%
1.4%
Cash Conversion
BCC
BCC
TNET
TNET
Q4 25
15.00×
Q3 25
5.44×
2.12×
Q2 25
0.54×
2.03×
Q1 25
-0.71×
1.12×
Q4 24
1.37×
Q3 24
1.92×
1.87×
Q2 24
1.26×
0.65×
Q1 24
0.26×
1.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BCC
BCC

General Line$626.6M43%
Commodity Product Line$479.9M33%
Engineered Wood Products$256.6M18%
Plywood And Veneer$53.3M4%
Lumber$10.1M1%
Laminated Veneer Lumber$8.9M1%
Other Wood Products$4.7M0%
Other Engineered Wood Products$3.5M0%
Ijoists$3.3M0%

TNET
TNET

Insurance Services$1.1B85%
Professional Services$169.0M14%

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