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Side-by-side financial comparison of Jazz Pharmaceuticals plc (JAZZ) and TRINET GROUP, INC. (TNET). Click either name above to swap in a different company.

TRINET GROUP, INC. is the larger business by last-quarter revenue ($1.2B vs $1.2B, roughly 1.0× Jazz Pharmaceuticals plc). On growth, Jazz Pharmaceuticals plc posted the faster year-over-year revenue change (10.1% vs -2.2%). Jazz Pharmaceuticals plc produced more free cash flow last quarter ($345.8M vs $43.0M). Over the past eight quarters, Jazz Pharmaceuticals plc's revenue compounded faster (15.2% CAGR vs -0.6%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

JAZZ vs TNET — Head-to-Head

Bigger by revenue
TNET
TNET
1.0× larger
TNET
$1.2B
$1.2B
JAZZ
Growing faster (revenue YoY)
JAZZ
JAZZ
+12.3% gap
JAZZ
10.1%
-2.2%
TNET
More free cash flow
JAZZ
JAZZ
$302.8M more FCF
JAZZ
$345.8M
$43.0M
TNET
Faster 2-yr revenue CAGR
JAZZ
JAZZ
Annualised
JAZZ
15.2%
-0.6%
TNET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JAZZ
JAZZ
TNET
TNET
Revenue
$1.2B
$1.2B
Net Profit
$203.5M
Gross Margin
Operating Margin
21.2%
0.1%
Net Margin
17.0%
Revenue YoY
10.1%
-2.2%
Net Profit YoY
6.5%
EPS (diluted)
$3.34
$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
JAZZ
JAZZ
TNET
TNET
Q4 25
$1.2B
$1.2B
Q3 25
$1.1B
$1.2B
Q2 25
$1.0B
$1.2B
Q1 25
$897.8M
$1.3B
Q4 24
$1.1B
$1.3B
Q3 24
$1.1B
$1.2B
Q2 24
$1.0B
$1.2B
Q1 24
$902.0M
$1.3B
Net Profit
JAZZ
JAZZ
TNET
TNET
Q4 25
$203.5M
Q3 25
$251.4M
$34.0M
Q2 25
$-718.5M
$37.0M
Q1 25
$-92.5M
$85.0M
Q4 24
$191.1M
Q3 24
$215.1M
$45.0M
Q2 24
$168.6M
$60.0M
Q1 24
$-14.6M
$91.0M
Operating Margin
JAZZ
JAZZ
TNET
TNET
Q4 25
21.2%
0.1%
Q3 25
5.1%
4.1%
Q2 25
-65.6%
4.1%
Q1 25
-6.2%
8.9%
Q4 24
17.5%
-2.9%
Q3 24
24.7%
4.7%
Q2 24
19.5%
6.5%
Q1 24
7.3%
9.7%
Net Margin
JAZZ
JAZZ
TNET
TNET
Q4 25
17.0%
Q3 25
22.3%
2.8%
Q2 25
-68.7%
3.0%
Q1 25
-10.3%
6.6%
Q4 24
17.6%
Q3 24
20.4%
3.6%
Q2 24
16.5%
4.9%
Q1 24
-1.6%
7.2%
EPS (diluted)
JAZZ
JAZZ
TNET
TNET
Q4 25
$3.34
$0.02
Q3 25
$4.08
$0.70
Q2 25
$-11.74
$0.77
Q1 25
$-1.52
$1.71
Q4 24
$2.97
$-0.44
Q3 24
$3.42
$0.89
Q2 24
$2.49
$1.20
Q1 24
$-0.23
$1.78

Balance Sheet & Financial Strength

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

Metric
JAZZ
JAZZ
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$1.4B
$287.0M
Total DebtLower is stronger
$5.4B
Stockholders' EquityBook value
$4.3B
$54.0M
Total Assets
$11.7B
$3.8B
Debt / EquityLower = less leverage
1.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JAZZ
JAZZ
TNET
TNET
Q4 25
$1.4B
$287.0M
Q3 25
$1.3B
$321.0M
Q2 25
$1.2B
$407.0M
Q1 25
$1.9B
$349.0M
Q4 24
$2.4B
$360.0M
Q3 24
$2.2B
$301.0M
Q2 24
$1.4B
$249.0M
Q1 24
$1.4B
$383.0M
Total Debt
JAZZ
JAZZ
TNET
TNET
Q4 25
$5.4B
Q3 25
$5.4B
Q2 25
$5.4B
Q1 25
$5.4B
Q4 24
$6.1B
Q3 24
$6.1B
Q2 24
$5.7B
Q1 24
$5.7B
Stockholders' Equity
JAZZ
JAZZ
TNET
TNET
Q4 25
$4.3B
$54.0M
Q3 25
$4.0B
$110.0M
Q2 25
$3.7B
$107.0M
Q1 25
$4.2B
$63.0M
Q4 24
$4.1B
$69.0M
Q3 24
$4.2B
$129.0M
Q2 24
$3.8B
$100.0M
Q1 24
$3.7B
$143.0M
Total Assets
JAZZ
JAZZ
TNET
TNET
Q4 25
$11.7B
$3.8B
Q3 25
$11.4B
$3.4B
Q2 25
$10.9B
$3.7B
Q1 25
$11.5B
$3.8B
Q4 24
$12.0B
$4.1B
Q3 24
$12.3B
$3.7B
Q2 24
$11.4B
$3.7B
Q1 24
$11.3B
$4.0B
Debt / Equity
JAZZ
JAZZ
TNET
TNET
Q4 25
1.24×
Q3 25
1.35×
Q2 25
1.45×
Q1 25
1.29×
Q4 24
1.49×
Q3 24
1.47×
Q2 24
1.52×
Q1 24
1.54×

Cash Flow & Capital Efficiency

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

Metric
JAZZ
JAZZ
TNET
TNET
Operating Cash FlowLast quarter
$362.5M
$61.0M
Free Cash FlowOCF − Capex
$345.8M
$43.0M
FCF MarginFCF / Revenue
28.9%
3.4%
Capex IntensityCapex / Revenue
1.4%
1.4%
Cash ConversionOCF / Net Profit
1.78×
TTM Free Cash FlowTrailing 4 quarters
$1.3B
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JAZZ
JAZZ
TNET
TNET
Q4 25
$362.5M
$61.0M
Q3 25
$474.6M
$72.0M
Q2 25
$88.9M
$75.0M
Q1 25
$429.8M
$95.0M
Q4 24
$398.6M
$65.0M
Q3 24
$398.7M
$84.0M
Q2 24
$331.4M
$39.0M
Q1 24
$267.2M
$91.0M
Free Cash Flow
JAZZ
JAZZ
TNET
TNET
Q4 25
$345.8M
$43.0M
Q3 25
$459.4M
$55.0M
Q2 25
$75.9M
$57.0M
Q1 25
$415.9M
$79.0M
Q4 24
$385.3M
$47.0M
Q3 24
$388.0M
$59.0M
Q2 24
$324.3M
$22.0M
Q1 24
$260.3M
$73.0M
FCF Margin
JAZZ
JAZZ
TNET
TNET
Q4 25
28.9%
3.4%
Q3 25
40.8%
4.5%
Q2 25
7.3%
4.6%
Q1 25
46.3%
6.1%
Q4 24
35.4%
3.7%
Q3 24
36.8%
4.8%
Q2 24
31.7%
1.8%
Q1 24
28.9%
5.8%
Capex Intensity
JAZZ
JAZZ
TNET
TNET
Q4 25
1.4%
1.4%
Q3 25
1.3%
1.4%
Q2 25
1.2%
1.5%
Q1 25
1.5%
1.2%
Q4 24
1.2%
1.4%
Q3 24
1.0%
2.0%
Q2 24
0.7%
1.4%
Q1 24
0.8%
1.4%
Cash Conversion
JAZZ
JAZZ
TNET
TNET
Q4 25
1.78×
Q3 25
1.89×
2.12×
Q2 25
2.03×
Q1 25
1.12×
Q4 24
2.09×
Q3 24
1.85×
1.87×
Q2 24
1.97×
0.65×
Q1 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JAZZ
JAZZ

Xywav$465.5M39%
Total Oncology$337.8M28%
Rylaze Enrylaze$108.2M9%
Zepzelca$90.4M8%
Product And Services Royalties And Contract Revenue$65.5M5%
High Sodium AG Oxybate Product Royalty Revenue$55.7M5%
Xyrem$37.8M3%
Vyxeos$34.7M3%
Ziihera$8.5M1%
Other Products$2.8M0%
Sativex$1.5M0%

TNET
TNET

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

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