vs

Side-by-side financial comparison of TRINET GROUP, INC. (TNET) and THOMSON REUTERS CORP (TRI). Click either name above to swap in a different company.

THOMSON REUTERS CORP is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.4× TRINET GROUP, INC.). On growth, THOMSON REUTERS CORP posted the faster year-over-year revenue change (2.6% vs -2.2%).

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.

The second and current incarnation of News Corporation, doing business as News Corp, is an American mass media and publishing company headquartered at 1211 Avenue of the Americas in Midtown Manhattan, New York City. The company was formed on June 28, 2013, as a spin-off of the first News Corporation, whose legal successor was 21st Century Fox, which held its media and entertainment assets. Operating across digital real estate information, news media, book publishing, and cable television, New...

TNET vs TRI — Head-to-Head

Bigger by revenue
TRI
TRI
1.4× larger
TRI
$1.8B
$1.2B
TNET
Growing faster (revenue YoY)
TRI
TRI
+4.8% gap
TRI
2.6%
-2.2%
TNET

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
TNET
TNET
TRI
TRI
Revenue
$1.2B
$1.8B
Net Profit
$313.0M
Gross Margin
Operating Margin
0.1%
24.4%
Net Margin
17.5%
Revenue YoY
-2.2%
2.6%
Net Profit YoY
-62.8%
EPS (diluted)
$0.02
$0.69

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
TNET
TNET
TRI
TRI
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$1.8B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
$1.7B
Q1 24
$1.3B
Net Profit
TNET
TNET
TRI
TRI
Q4 25
Q3 25
$34.0M
Q2 25
$37.0M
$313.0M
Q1 25
$85.0M
Q4 24
Q3 24
$45.0M
Q2 24
$60.0M
$841.0M
Q1 24
$91.0M
Operating Margin
TNET
TNET
TRI
TRI
Q4 25
0.1%
Q3 25
4.1%
Q2 25
4.1%
24.4%
Q1 25
8.9%
Q4 24
-2.9%
Q3 24
4.7%
Q2 24
6.5%
23.9%
Q1 24
9.7%
Net Margin
TNET
TNET
TRI
TRI
Q4 25
Q3 25
2.8%
Q2 25
3.0%
17.5%
Q1 25
6.6%
Q4 24
Q3 24
3.6%
Q2 24
4.9%
48.3%
Q1 24
7.2%
EPS (diluted)
TNET
TNET
TRI
TRI
Q4 25
$0.02
Q3 25
$0.70
Q2 25
$0.77
$0.69
Q1 25
$1.71
Q4 24
$-0.44
Q3 24
$0.89
Q2 24
$1.20
$1.86
Q1 24
$1.78

Balance Sheet & Financial Strength

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

Metric
TNET
TNET
TRI
TRI
Cash + ST InvestmentsLiquidity on hand
$287.0M
$664.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$54.0M
$12.6B
Total Assets
$3.8B
$18.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TNET
TNET
TRI
TRI
Q4 25
$287.0M
Q3 25
$321.0M
Q2 25
$407.0M
$664.0M
Q1 25
$349.0M
Q4 24
$360.0M
Q3 24
$301.0M
Q2 24
$249.0M
$1.7B
Q1 24
$383.0M
Stockholders' Equity
TNET
TNET
TRI
TRI
Q4 25
$54.0M
Q3 25
$110.0M
Q2 25
$107.0M
$12.6B
Q1 25
$63.0M
Q4 24
$69.0M
Q3 24
$129.0M
Q2 24
$100.0M
$11.6B
Q1 24
$143.0M
Total Assets
TNET
TNET
TRI
TRI
Q4 25
$3.8B
Q3 25
$3.4B
Q2 25
$3.7B
$18.0B
Q1 25
$3.8B
Q4 24
$4.1B
Q3 24
$3.7B
Q2 24
$3.7B
$18.4B
Q1 24
$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
TNET
TNET
TRI
TRI
Operating Cash FlowLast quarter
$61.0M
$746.0M
Free Cash FlowOCF − Capex
$43.0M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
2.38×
TTM Free Cash FlowTrailing 4 quarters
$234.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TNET
TNET
TRI
TRI
Q4 25
$61.0M
Q3 25
$72.0M
Q2 25
$75.0M
$746.0M
Q1 25
$95.0M
Q4 24
$65.0M
Q3 24
$84.0M
Q2 24
$39.0M
$705.0M
Q1 24
$91.0M
Free Cash Flow
TNET
TNET
TRI
TRI
Q4 25
$43.0M
Q3 25
$55.0M
Q2 25
$57.0M
Q1 25
$79.0M
Q4 24
$47.0M
Q3 24
$59.0M
Q2 24
$22.0M
Q1 24
$73.0M
FCF Margin
TNET
TNET
TRI
TRI
Q4 25
3.4%
Q3 25
4.5%
Q2 25
4.6%
Q1 25
6.1%
Q4 24
3.7%
Q3 24
4.8%
Q2 24
1.8%
Q1 24
5.8%
Capex Intensity
TNET
TNET
TRI
TRI
Q4 25
1.4%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
1.2%
Q4 24
1.4%
Q3 24
2.0%
Q2 24
1.4%
Q1 24
1.4%
Cash Conversion
TNET
TNET
TRI
TRI
Q4 25
Q3 25
2.12×
Q2 25
2.03×
2.38×
Q1 25
1.12×
Q4 24
Q3 24
1.87×
Q2 24
0.65×
0.84×
Q1 24
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TNET
TNET

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

TRI
TRI

Segment breakdown not available.

Related Comparisons