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Side-by-side financial comparison of Playtika Holding Corp. (PLTK) 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 $678.8M, roughly 1.8× Playtika Holding Corp.). On growth, Playtika Holding Corp. posted the faster year-over-year revenue change (4.4% vs -2.2%). Playtika Holding Corp. produced more free cash flow last quarter ($275.2M vs $43.0M). Over the past eight quarters, Playtika Holding Corp.'s revenue compounded faster (2.1% CAGR vs -0.6%).

Playtika Holding Corp. is an Israeli digital entertainment company specializing in the development and publication of mobile games. In 2021, Playtika had over 35 million monthly active users.

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.

PLTK vs TNET — Head-to-Head

Bigger by revenue
TNET
TNET
1.8× larger
TNET
$1.2B
$678.8M
PLTK
Growing faster (revenue YoY)
PLTK
PLTK
+6.6% gap
PLTK
4.4%
-2.2%
TNET
More free cash flow
PLTK
PLTK
$232.2M more FCF
PLTK
$275.2M
$43.0M
TNET
Faster 2-yr revenue CAGR
PLTK
PLTK
Annualised
PLTK
2.1%
-0.6%
TNET

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PLTK
PLTK
TNET
TNET
Revenue
$678.8M
$1.2B
Net Profit
$-309.3M
Gross Margin
72.5%
Operating Margin
-41.4%
0.1%
Net Margin
-45.6%
Revenue YoY
4.4%
-2.2%
Net Profit YoY
-1752.1%
EPS (diluted)
$-0.83
$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
PLTK
PLTK
TNET
TNET
Q4 25
$678.8M
$1.2B
Q3 25
$674.6M
$1.2B
Q2 25
$696.0M
$1.2B
Q1 25
$706.0M
$1.3B
Q4 24
$650.3M
$1.3B
Q3 24
$620.8M
$1.2B
Q2 24
$627.0M
$1.2B
Q1 24
$651.2M
$1.3B
Net Profit
PLTK
PLTK
TNET
TNET
Q4 25
$-309.3M
Q3 25
$39.1M
$34.0M
Q2 25
$33.2M
$37.0M
Q1 25
$30.6M
$85.0M
Q4 24
$-16.7M
Q3 24
$39.3M
$45.0M
Q2 24
$86.6M
$60.0M
Q1 24
$53.0M
$91.0M
Gross Margin
PLTK
PLTK
TNET
TNET
Q4 25
72.5%
Q3 25
73.6%
Q2 25
71.9%
Q1 25
72.0%
Q4 24
72.5%
Q3 24
72.9%
Q2 24
73.2%
Q1 24
72.8%
Operating Margin
PLTK
PLTK
TNET
TNET
Q4 25
-41.4%
0.1%
Q3 25
14.6%
4.1%
Q2 25
15.8%
4.1%
Q1 25
9.6%
8.9%
Q4 24
8.5%
-2.9%
Q3 24
15.7%
4.7%
Q2 24
22.4%
6.5%
Q1 24
15.1%
9.7%
Net Margin
PLTK
PLTK
TNET
TNET
Q4 25
-45.6%
Q3 25
5.8%
2.8%
Q2 25
4.8%
3.0%
Q1 25
4.3%
6.6%
Q4 24
-2.6%
Q3 24
6.3%
3.6%
Q2 24
13.8%
4.9%
Q1 24
8.1%
7.2%
EPS (diluted)
PLTK
PLTK
TNET
TNET
Q4 25
$-0.83
$0.02
Q3 25
$0.11
$0.70
Q2 25
$0.09
$0.77
Q1 25
$0.08
$1.71
Q4 24
$-0.04
$-0.44
Q3 24
$0.11
$0.89
Q2 24
$0.23
$1.20
Q1 24
$0.14
$1.78

Balance Sheet & Financial Strength

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

Metric
PLTK
PLTK
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$684.2M
$287.0M
Total DebtLower is stronger
$2.4B
Stockholders' EquityBook value
$-411.4M
$54.0M
Total Assets
$3.7B
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLTK
PLTK
TNET
TNET
Q4 25
$684.2M
$287.0M
Q3 25
$587.9M
$321.0M
Q2 25
$500.9M
$407.0M
Q1 25
$434.8M
$349.0M
Q4 24
$565.8M
$360.0M
Q3 24
$1.1B
$301.0M
Q2 24
$710.3M
$249.0M
Q1 24
$1.0B
$383.0M
Total Debt
PLTK
PLTK
TNET
TNET
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Stockholders' Equity
PLTK
PLTK
TNET
TNET
Q4 25
$-411.4M
$54.0M
Q3 25
$-74.8M
$110.0M
Q2 25
$-87.8M
$107.0M
Q1 25
$-117.2M
$63.0M
Q4 24
$-131.1M
$69.0M
Q3 24
$-98.0M
$129.0M
Q2 24
$-112.9M
$100.0M
Q1 24
$-180.4M
$143.0M
Total Assets
PLTK
PLTK
TNET
TNET
Q4 25
$3.7B
$3.8B
Q3 25
$3.7B
$3.4B
Q2 25
$3.6B
$3.7B
Q1 25
$3.6B
$3.8B
Q4 24
$3.6B
$4.1B
Q3 24
$3.2B
$3.7B
Q2 24
$3.2B
$3.7B
Q1 24
$3.1B
$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
PLTK
PLTK
TNET
TNET
Operating Cash FlowLast quarter
$285.9M
$61.0M
Free Cash FlowOCF − Capex
$275.2M
$43.0M
FCF MarginFCF / Revenue
40.5%
3.4%
Capex IntensityCapex / Revenue
1.6%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$531.4M
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLTK
PLTK
TNET
TNET
Q4 25
$285.9M
$61.0M
Q3 25
$116.9M
$72.0M
Q2 25
$146.1M
$75.0M
Q1 25
$18.8M
$95.0M
Q4 24
$153.1M
$65.0M
Q3 24
$156.9M
$84.0M
Q2 24
$150.5M
$39.0M
Q1 24
$29.6M
$91.0M
Free Cash Flow
PLTK
PLTK
TNET
TNET
Q4 25
$275.2M
$43.0M
Q3 25
$106.5M
$55.0M
Q2 25
$141.3M
$57.0M
Q1 25
$8.4M
$79.0M
Q4 24
$140.3M
$47.0M
Q3 24
$152.1M
$59.0M
Q2 24
$141.2M
$22.0M
Q1 24
$15.6M
$73.0M
FCF Margin
PLTK
PLTK
TNET
TNET
Q4 25
40.5%
3.4%
Q3 25
15.8%
4.5%
Q2 25
20.3%
4.6%
Q1 25
1.2%
6.1%
Q4 24
21.6%
3.7%
Q3 24
24.5%
4.8%
Q2 24
22.5%
1.8%
Q1 24
2.4%
5.8%
Capex Intensity
PLTK
PLTK
TNET
TNET
Q4 25
1.6%
1.4%
Q3 25
1.5%
1.4%
Q2 25
0.7%
1.5%
Q1 25
1.5%
1.2%
Q4 24
2.0%
1.4%
Q3 24
0.8%
2.0%
Q2 24
1.5%
1.4%
Q1 24
2.1%
1.4%
Cash Conversion
PLTK
PLTK
TNET
TNET
Q4 25
Q3 25
2.99×
2.12×
Q2 25
4.40×
2.03×
Q1 25
0.61×
1.12×
Q4 24
Q3 24
3.99×
1.87×
Q2 24
1.74×
0.65×
Q1 24
0.56×
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PLTK
PLTK

Third Party Platform$428.7M63%
Other$158.8M23%
Asia Pacific$52.7M8%
Other Geographic Location$38.6M6%

TNET
TNET

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

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