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Side-by-side financial comparison of Nomad Foods Ltd (NOMD) 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 $834.9M, roughly 1.5× Nomad Foods Ltd). On growth, TRINET GROUP, INC. posted the faster year-over-year revenue change (-2.2% vs -2.6%). Nomad Foods Ltd produced more free cash flow last quarter ($272.4M vs $43.0M).

Nomad Foods is the largest frozen food company in Europe, whose popular brands include Birds Eye, Ledo, Iglo, Findus, and Frikom. The company manufactures, sells and distributes a range of frozen food products across 22 European markets, with its headquarters in the United Kingdom. The most popular products in Nomad Foods’ portfolio include fish fingers, creamed spinach, peas and chicken. Nomad Foods is listed on the New York Stock Exchange trading under the ticker “NOMD”.

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.

NOMD vs TNET — Head-to-Head

Bigger by revenue
TNET
TNET
1.5× larger
TNET
$1.2B
$834.9M
NOMD
Growing faster (revenue YoY)
TNET
TNET
+0.4% gap
TNET
-2.2%
-2.6%
NOMD
More free cash flow
NOMD
NOMD
$229.4M more FCF
NOMD
$272.4M
$43.0M
TNET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NOMD
NOMD
TNET
TNET
Revenue
$834.9M
$1.2B
Net Profit
Gross Margin
25.6%
Operating Margin
9.1%
0.1%
Net Margin
Revenue YoY
-2.6%
-2.2%
Net Profit YoY
EPS (diluted)
$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
NOMD
NOMD
TNET
TNET
Q4 25
$834.9M
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$856.9M
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.3B
Net Profit
NOMD
NOMD
TNET
TNET
Q4 25
Q3 25
$34.0M
Q2 25
$37.0M
Q1 25
$85.0M
Q4 24
$55.5M
Q3 24
$45.0M
Q2 24
$60.0M
Q1 24
$91.0M
Gross Margin
NOMD
NOMD
TNET
TNET
Q4 25
25.6%
Q3 25
Q2 25
Q1 25
Q4 24
28.5%
Q3 24
Q2 24
Q1 24
Operating Margin
NOMD
NOMD
TNET
TNET
Q4 25
9.1%
0.1%
Q3 25
4.1%
Q2 25
4.1%
Q1 25
8.9%
Q4 24
11.5%
-2.9%
Q3 24
4.7%
Q2 24
6.5%
Q1 24
9.7%
Net Margin
NOMD
NOMD
TNET
TNET
Q4 25
Q3 25
2.8%
Q2 25
3.0%
Q1 25
6.6%
Q4 24
6.5%
Q3 24
3.6%
Q2 24
4.9%
Q1 24
7.2%
EPS (diluted)
NOMD
NOMD
TNET
TNET
Q4 25
$0.02
Q3 25
$0.70
Q2 25
$0.77
Q1 25
$1.71
Q4 24
$-0.44
Q3 24
$0.89
Q2 24
$1.20
Q1 24
$1.78

Balance Sheet & Financial Strength

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

Metric
NOMD
NOMD
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$287.0M
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$2.7B
$54.0M
Total Assets
$6.8B
$3.8B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NOMD
NOMD
TNET
TNET
Q4 25
$287.0M
Q3 25
$321.0M
Q2 25
$407.0M
Q1 25
$349.0M
Q4 24
$360.0M
Q3 24
$301.0M
Q2 24
$249.0M
Q1 24
$383.0M
Total Debt
NOMD
NOMD
TNET
TNET
Q4 25
$2.5B
Q3 25
Q2 25
Q1 25
Q4 24
$2.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NOMD
NOMD
TNET
TNET
Q4 25
$2.7B
$54.0M
Q3 25
$110.0M
Q2 25
$107.0M
Q1 25
$63.0M
Q4 24
$2.9B
$69.0M
Q3 24
$129.0M
Q2 24
$100.0M
Q1 24
$143.0M
Total Assets
NOMD
NOMD
TNET
TNET
Q4 25
$6.8B
$3.8B
Q3 25
$3.4B
Q2 25
$3.7B
Q1 25
$3.8B
Q4 24
$6.9B
$4.1B
Q3 24
$3.7B
Q2 24
$3.7B
Q1 24
$4.0B
Debt / Equity
NOMD
NOMD
TNET
TNET
Q4 25
0.92×
Q3 25
Q2 25
Q1 25
Q4 24
0.82×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
NOMD
NOMD
TNET
TNET
Operating Cash FlowLast quarter
$357.2M
$61.0M
Free Cash FlowOCF − Capex
$272.4M
$43.0M
FCF MarginFCF / Revenue
32.6%
3.4%
Capex IntensityCapex / Revenue
10.2%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.3B
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NOMD
NOMD
TNET
TNET
Q4 25
$357.2M
$61.0M
Q3 25
$72.0M
Q2 25
$75.0M
Q1 25
$95.0M
Q4 24
$470.2M
$65.0M
Q3 24
$84.0M
Q2 24
$39.0M
Q1 24
$91.0M
Free Cash Flow
NOMD
NOMD
TNET
TNET
Q4 25
$272.4M
$43.0M
Q3 25
$55.0M
Q2 25
$57.0M
Q1 25
$79.0M
Q4 24
$383.5M
$47.0M
Q3 24
$59.0M
Q2 24
$22.0M
Q1 24
$73.0M
FCF Margin
NOMD
NOMD
TNET
TNET
Q4 25
32.6%
3.4%
Q3 25
4.5%
Q2 25
4.6%
Q1 25
6.1%
Q4 24
44.8%
3.7%
Q3 24
4.8%
Q2 24
1.8%
Q1 24
5.8%
Capex Intensity
NOMD
NOMD
TNET
TNET
Q4 25
10.2%
1.4%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
1.2%
Q4 24
10.1%
1.4%
Q3 24
2.0%
Q2 24
1.4%
Q1 24
1.4%
Cash Conversion
NOMD
NOMD
TNET
TNET
Q4 25
Q3 25
2.12×
Q2 25
2.03×
Q1 25
1.12×
Q4 24
8.47×
Q3 24
1.87×
Q2 24
0.65×
Q1 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NOMD
NOMD

Segment breakdown not available.

TNET
TNET

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

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