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Side-by-side financial comparison of Sylvamo Corp (SLVM) 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 $890.0M, roughly 1.4× Sylvamo Corp). On growth, TRINET GROUP, INC. posted the faster year-over-year revenue change (-2.2% vs -8.2%). TRINET GROUP, INC. produced more free cash flow last quarter ($43.0M vs $38.0M). Over the past eight quarters, TRINET GROUP, INC.'s revenue compounded faster (-0.6% CAGR vs -0.8%).

Sylvamo Corp is a leading global manufacturer of sustainable paper and pulp products. Its core offerings include uncoated printing paper, packaging paper, and market pulp, serving office supplies, publishing, commercial printing, and packaging segments across North America, Europe, and Latin America.

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.

SLVM vs TNET — Head-to-Head

Bigger by revenue
TNET
TNET
1.4× larger
TNET
$1.2B
$890.0M
SLVM
Growing faster (revenue YoY)
TNET
TNET
+6.1% gap
TNET
-2.2%
-8.2%
SLVM
More free cash flow
TNET
TNET
$5.0M more FCF
TNET
$43.0M
$38.0M
SLVM
Faster 2-yr revenue CAGR
TNET
TNET
Annualised
TNET
-0.6%
-0.8%
SLVM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLVM
SLVM
TNET
TNET
Revenue
$890.0M
$1.2B
Net Profit
$33.0M
Gross Margin
Operating Margin
8.9%
0.1%
Net Margin
3.7%
Revenue YoY
-8.2%
-2.2%
Net Profit YoY
-59.3%
EPS (diluted)
$0.81
$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
SLVM
SLVM
TNET
TNET
Q4 25
$890.0M
$1.2B
Q3 25
$846.0M
$1.2B
Q2 25
$794.0M
$1.2B
Q1 25
$821.0M
$1.3B
Q4 24
$970.0M
$1.3B
Q3 24
$965.0M
$1.2B
Q2 24
$933.0M
$1.2B
Q1 24
$905.0M
$1.3B
Net Profit
SLVM
SLVM
TNET
TNET
Q4 25
$33.0M
Q3 25
$57.0M
$34.0M
Q2 25
$15.0M
$37.0M
Q1 25
$27.0M
$85.0M
Q4 24
$81.0M
Q3 24
$95.0M
$45.0M
Q2 24
$83.0M
$60.0M
Q1 24
$43.0M
$91.0M
Operating Margin
SLVM
SLVM
TNET
TNET
Q4 25
8.9%
0.1%
Q3 25
11.6%
4.1%
Q2 25
3.8%
4.1%
Q1 25
5.4%
8.9%
Q4 24
11.2%
-2.9%
Q3 24
15.5%
4.7%
Q2 24
13.1%
6.5%
Q1 24
8.0%
9.7%
Net Margin
SLVM
SLVM
TNET
TNET
Q4 25
3.7%
Q3 25
6.7%
2.8%
Q2 25
1.9%
3.0%
Q1 25
3.3%
6.6%
Q4 24
8.4%
Q3 24
9.8%
3.6%
Q2 24
8.9%
4.9%
Q1 24
4.8%
7.2%
EPS (diluted)
SLVM
SLVM
TNET
TNET
Q4 25
$0.81
$0.02
Q3 25
$1.41
$0.70
Q2 25
$0.37
$0.77
Q1 25
$0.65
$1.71
Q4 24
$1.91
$-0.44
Q3 24
$2.27
$0.89
Q2 24
$1.98
$1.20
Q1 24
$1.02
$1.78

Balance Sheet & Financial Strength

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

Metric
SLVM
SLVM
TNET
TNET
Cash + ST InvestmentsLiquidity on hand
$198.0M
$287.0M
Total DebtLower is stronger
$763.0M
Stockholders' EquityBook value
$966.0M
$54.0M
Total Assets
$2.8B
$3.8B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLVM
SLVM
TNET
TNET
Q4 25
$198.0M
$287.0M
Q3 25
$146.0M
$321.0M
Q2 25
$183.0M
$407.0M
Q1 25
$220.0M
$349.0M
Q4 24
$309.0M
$360.0M
Q3 24
$414.0M
$301.0M
Q2 24
$213.0M
$249.0M
Q1 24
$218.0M
$383.0M
Total Debt
SLVM
SLVM
TNET
TNET
Q4 25
$763.0M
Q3 25
$778.0M
Q2 25
$767.0M
Q1 25
$794.0M
Q4 24
$782.0M
Q3 24
$883.0M
Q2 24
$894.0M
Q1 24
$921.0M
Stockholders' Equity
SLVM
SLVM
TNET
TNET
Q4 25
$966.0M
$54.0M
Q3 25
$977.0M
$110.0M
Q2 25
$959.0M
$107.0M
Q1 25
$908.0M
$63.0M
Q4 24
$847.0M
$69.0M
Q3 24
$937.0M
$129.0M
Q2 24
$830.0M
$100.0M
Q1 24
$889.0M
$143.0M
Total Assets
SLVM
SLVM
TNET
TNET
Q4 25
$2.8B
$3.8B
Q3 25
$2.7B
$3.4B
Q2 25
$2.7B
$3.7B
Q1 25
$2.6B
$3.8B
Q4 24
$2.6B
$4.1B
Q3 24
$2.9B
$3.7B
Q2 24
$2.7B
$3.7B
Q1 24
$2.6B
$4.0B
Debt / Equity
SLVM
SLVM
TNET
TNET
Q4 25
0.79×
Q3 25
0.80×
Q2 25
0.80×
Q1 25
0.87×
Q4 24
0.92×
Q3 24
0.94×
Q2 24
1.08×
Q1 24
1.04×

Cash Flow & Capital Efficiency

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

Metric
SLVM
SLVM
TNET
TNET
Operating Cash FlowLast quarter
$94.0M
$61.0M
Free Cash FlowOCF − Capex
$38.0M
$43.0M
FCF MarginFCF / Revenue
4.3%
3.4%
Capex IntensityCapex / Revenue
6.3%
1.4%
Cash ConversionOCF / Net Profit
2.85×
TTM Free Cash FlowTrailing 4 quarters
$44.0M
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLVM
SLVM
TNET
TNET
Q4 25
$94.0M
$61.0M
Q3 25
$87.0M
$72.0M
Q2 25
$64.0M
$75.0M
Q1 25
$23.0M
$95.0M
Q4 24
$164.0M
$65.0M
Q3 24
$163.0M
$84.0M
Q2 24
$115.0M
$39.0M
Q1 24
$27.0M
$91.0M
Free Cash Flow
SLVM
SLVM
TNET
TNET
Q4 25
$38.0M
$43.0M
Q3 25
$33.0M
$55.0M
Q2 25
$-2.0M
$57.0M
Q1 25
$-25.0M
$79.0M
Q4 24
$100.0M
$47.0M
Q3 24
$119.0M
$59.0M
Q2 24
$62.0M
$22.0M
Q1 24
$-33.0M
$73.0M
FCF Margin
SLVM
SLVM
TNET
TNET
Q4 25
4.3%
3.4%
Q3 25
3.9%
4.5%
Q2 25
-0.3%
4.6%
Q1 25
-3.0%
6.1%
Q4 24
10.3%
3.7%
Q3 24
12.3%
4.8%
Q2 24
6.6%
1.8%
Q1 24
-3.6%
5.8%
Capex Intensity
SLVM
SLVM
TNET
TNET
Q4 25
6.3%
1.4%
Q3 25
6.4%
1.4%
Q2 25
8.3%
1.5%
Q1 25
5.8%
1.2%
Q4 24
6.6%
1.4%
Q3 24
4.6%
2.0%
Q2 24
5.7%
1.4%
Q1 24
6.6%
1.4%
Cash Conversion
SLVM
SLVM
TNET
TNET
Q4 25
2.85×
Q3 25
1.53×
2.12×
Q2 25
4.27×
2.03×
Q1 25
0.85×
1.12×
Q4 24
2.02×
Q3 24
1.72×
1.87×
Q2 24
1.39×
0.65×
Q1 24
0.63×
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLVM
SLVM

Segment breakdown not available.

TNET
TNET

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

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