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Side-by-side financial comparison of TRINET GROUP, INC. (TNET) and Williams-Sonoma, Inc. (WSM). Click either name above to swap in a different company.

Williams-Sonoma, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.5× TRINET GROUP, INC.). On growth, Williams-Sonoma, Inc. posted the faster year-over-year revenue change (4.6% vs -2.2%). Williams-Sonoma, Inc. produced more free cash flow last quarter ($248.1M vs $43.0M). Over the past eight quarters, TRINET GROUP, INC.'s revenue compounded faster (-0.6% CAGR vs -9.1%).

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.

Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.

TNET vs WSM — Head-to-Head

Bigger by revenue
WSM
WSM
1.5× larger
WSM
$1.9B
$1.2B
TNET
Growing faster (revenue YoY)
WSM
WSM
+6.8% gap
WSM
4.6%
-2.2%
TNET
More free cash flow
WSM
WSM
$205.1M more FCF
WSM
$248.1M
$43.0M
TNET
Faster 2-yr revenue CAGR
TNET
TNET
Annualised
TNET
-0.6%
-9.1%
WSM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
TNET
TNET
WSM
WSM
Revenue
$1.2B
$1.9B
Net Profit
$241.6M
Gross Margin
46.1%
Operating Margin
0.1%
17.0%
Net Margin
12.8%
Revenue YoY
-2.2%
4.6%
Net Profit YoY
-3.0%
EPS (diluted)
$0.02
$1.96

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
WSM
WSM
Q4 25
$1.2B
$1.9B
Q3 25
$1.2B
$1.8B
Q2 25
$1.2B
$1.7B
Q1 25
$1.3B
$2.5B
Q4 24
$1.3B
$1.8B
Q3 24
$1.2B
$1.8B
Q2 24
$1.2B
$1.7B
Q1 24
$1.3B
$2.3B
Net Profit
TNET
TNET
WSM
WSM
Q4 25
$241.6M
Q3 25
$34.0M
$247.6M
Q2 25
$37.0M
$231.3M
Q1 25
$85.0M
$384.9M
Q4 24
$249.0M
Q3 24
$45.0M
$225.7M
Q2 24
$60.0M
$265.7M
Q1 24
$91.0M
$354.4M
Gross Margin
TNET
TNET
WSM
WSM
Q4 25
46.1%
Q3 25
47.1%
Q2 25
44.3%
Q1 25
45.2%
Q4 24
46.7%
Q3 24
46.2%
Q2 24
48.3%
Q1 24
46.0%
Operating Margin
TNET
TNET
WSM
WSM
Q4 25
0.1%
17.0%
Q3 25
4.1%
17.9%
Q2 25
4.1%
16.8%
Q1 25
8.9%
20.1%
Q4 24
-2.9%
17.8%
Q3 24
4.7%
16.2%
Q2 24
6.5%
19.5%
Q1 24
9.7%
20.1%
Net Margin
TNET
TNET
WSM
WSM
Q4 25
12.8%
Q3 25
2.8%
13.5%
Q2 25
3.0%
13.4%
Q1 25
6.6%
15.6%
Q4 24
13.8%
Q3 24
3.6%
12.6%
Q2 24
4.9%
16.0%
Q1 24
7.2%
15.6%
EPS (diluted)
TNET
TNET
WSM
WSM
Q4 25
$0.02
$1.96
Q3 25
$0.70
$2.00
Q2 25
$0.77
$1.85
Q1 25
$1.71
$1.02
Q4 24
$-0.44
$1.96
Q3 24
$0.89
$1.74
Q2 24
$1.20
$4.07
Q1 24
$1.78
$5.42

Balance Sheet & Financial Strength

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

Metric
TNET
TNET
WSM
WSM
Cash + ST InvestmentsLiquidity on hand
$287.0M
$884.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$54.0M
$2.1B
Total Assets
$3.8B
$5.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TNET
TNET
WSM
WSM
Q4 25
$287.0M
$884.7M
Q3 25
$321.0M
$985.8M
Q2 25
$407.0M
$1.0B
Q1 25
$349.0M
$1.2B
Q4 24
$360.0M
$826.8M
Q3 24
$301.0M
$1.3B
Q2 24
$249.0M
$1.3B
Q1 24
$383.0M
$1.3B
Stockholders' Equity
TNET
TNET
WSM
WSM
Q4 25
$54.0M
$2.1B
Q3 25
$110.0M
$2.1B
Q2 25
$107.0M
$2.2B
Q1 25
$63.0M
$2.1B
Q4 24
$69.0M
$1.9B
Q3 24
$129.0M
$2.3B
Q2 24
$100.0M
$2.2B
Q1 24
$143.0M
$2.1B
Total Assets
TNET
TNET
WSM
WSM
Q4 25
$3.8B
$5.3B
Q3 25
$3.4B
$5.2B
Q2 25
$3.7B
$5.2B
Q1 25
$3.8B
$5.3B
Q4 24
$4.1B
$5.0B
Q3 24
$3.7B
$5.2B
Q2 24
$3.7B
$5.2B
Q1 24
$4.0B
$5.3B

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
WSM
WSM
Operating Cash FlowLast quarter
$61.0M
$316.3M
Free Cash FlowOCF − Capex
$43.0M
$248.1M
FCF MarginFCF / Revenue
3.4%
13.2%
Capex IntensityCapex / Revenue
1.4%
3.6%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$234.0M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TNET
TNET
WSM
WSM
Q4 25
$61.0M
$316.3M
Q3 25
$72.0M
$282.7M
Q2 25
$75.0M
$118.9M
Q1 25
$95.0M
$633.5M
Q4 24
$65.0M
$253.5M
Q3 24
$84.0M
$246.5M
Q2 24
$39.0M
$226.8M
Q1 24
$91.0M
$674.9M
Free Cash Flow
TNET
TNET
WSM
WSM
Q4 25
$43.0M
$248.1M
Q3 25
$55.0M
$230.7M
Q2 25
$57.0M
$60.7M
Q1 25
$79.0M
$566.3M
Q4 24
$47.0M
$170.1M
Q3 24
$59.0M
$215.1M
Q2 24
$22.0M
$187.3M
Q1 24
$73.0M
$621.2M
FCF Margin
TNET
TNET
WSM
WSM
Q4 25
3.4%
13.2%
Q3 25
4.5%
12.6%
Q2 25
4.6%
3.5%
Q1 25
6.1%
23.0%
Q4 24
3.7%
9.4%
Q3 24
4.8%
12.0%
Q2 24
1.8%
11.3%
Q1 24
5.8%
27.3%
Capex Intensity
TNET
TNET
WSM
WSM
Q4 25
1.4%
3.6%
Q3 25
1.4%
2.8%
Q2 25
1.5%
3.4%
Q1 25
1.2%
2.7%
Q4 24
1.4%
4.6%
Q3 24
2.0%
1.8%
Q2 24
1.4%
2.4%
Q1 24
1.4%
2.4%
Cash Conversion
TNET
TNET
WSM
WSM
Q4 25
1.31×
Q3 25
2.12×
1.14×
Q2 25
2.03×
0.51×
Q1 25
1.12×
1.65×
Q4 24
1.02×
Q3 24
1.87×
1.09×
Q2 24
0.65×
0.85×
Q1 24
1.00×
1.90×

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%

WSM
WSM

Segment breakdown not available.

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