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安捷伦科技（A）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
安捷伦科技的季度营收约是TRINET GROUP, INC.的1.4倍（$1.8B vs $1.2B），安捷伦科技同比增速更快（7.0% vs -2.2%），安捷伦科技自由现金流更多（$175.0M vs $43.0M），过去两年安捷伦科技的营收复合增速更高（6.9% vs -0.6%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
A vs TNET — 直观对比
营收规模更大
A
是对方的1.4倍
$1.2B
营收增速更快
A
高出9.2%
-2.2%
自由现金流更多
A
多$132.0M
$43.0M
两年增速更快
A
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $305.0M | — |
| 毛利率 | 52.6% | — |
| 营业利润率 | 19.6% | 0.1% |
| 净利率 | 17.0% | — |
| 营收同比 | 7.0% | -2.2% |
| 净利润同比 | -4.1% | — |
| 每股收益（稀释后） | $1.07 | $0.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ATNET
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B |
净利润ATNET
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | — | ||
| Q3 25 | $336.0M | $34.0M | ||
| Q2 25 | $215.0M | $37.0M | ||
| Q1 25 | $318.0M | $85.0M | ||
| Q4 24 | $351.0M | — | ||
| Q3 24 | $282.0M | $45.0M | ||
| Q2 24 | $308.0M | $60.0M |
毛利率ATNET
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
营业利润率ATNET
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 0.1% | ||
| Q3 25 | 20.7% | 4.1% | ||
| Q2 25 | 18.0% | 4.1% | ||
| Q1 25 | 22.4% | 8.9% | ||
| Q4 24 | 24.0% | -2.9% | ||
| Q3 24 | 21.1% | 4.7% | ||
| Q2 24 | 23.1% | 6.5% |
净利率ATNET
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | — | ||
| Q3 25 | 19.3% | 2.8% | ||
| Q2 25 | 12.9% | 3.0% | ||
| Q1 25 | 18.9% | 6.6% | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 17.9% | 3.6% | ||
| Q2 24 | 19.6% | 4.9% |
每股收益（稀释后）ATNET
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $0.02 | ||
| Q3 25 | $1.18 | $0.70 | ||
| Q2 25 | $0.75 | $0.77 | ||
| Q1 25 | $1.11 | $1.71 | ||
| Q4 24 | $1.23 | $-0.44 | ||
| Q3 24 | $0.97 | $0.89 | ||
| Q2 24 | $1.05 | $1.20 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.8B | $287.0M |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $6.9B | $54.0M |
| 总资产 | $12.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资ATNET
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $287.0M | ||
| Q3 25 | $1.5B | $321.0M | ||
| Q2 25 | $1.5B | $407.0M | ||
| Q1 25 | $1.5B | $349.0M | ||
| Q4 24 | $1.3B | $360.0M | ||
| Q3 24 | $1.8B | $301.0M | ||
| Q2 24 | $1.7B | $249.0M |
总债务ATNET
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.3B | — | ||
| Q1 25 | $3.3B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — |
股东权益ATNET
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $54.0M | ||
| Q3 25 | $6.4B | $110.0M | ||
| Q2 25 | $6.1B | $107.0M | ||
| Q1 25 | $6.0B | $63.0M | ||
| Q4 24 | $5.9B | $69.0M | ||
| Q3 24 | $5.9B | $129.0M | ||
| Q2 24 | $6.2B | $100.0M |
总资产ATNET
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $3.8B | ||
| Q3 25 | $12.2B | $3.4B | ||
| Q2 25 | $12.2B | $3.7B | ||
| Q1 25 | $11.9B | $3.8B | ||
| Q4 24 | $11.8B | $4.1B | ||
| Q3 24 | $11.0B | $3.7B | ||
| Q2 24 | $10.9B | $3.7B |
负债/权益比ATNET
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.34× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $268.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 9.7% | 3.4% |
| 资本支出强度资本支出/营收 | 5.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.88× | — |
| 过去12个月自由现金流最近4个季度 | $993.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流ATNET
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $61.0M | ||
| Q3 25 | $362.0M | $72.0M | ||
| Q2 25 | $221.0M | $75.0M | ||
| Q1 25 | $431.0M | $95.0M | ||
| Q4 24 | $481.0M | $65.0M | ||
| Q3 24 | $452.0M | $84.0M | ||
| Q2 24 | $333.0M | $39.0M |
自由现金流ATNET
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $43.0M | ||
| Q3 25 | $259.0M | $55.0M | ||
| Q2 25 | $107.0M | $57.0M | ||
| Q1 25 | $334.0M | $79.0M | ||
| Q4 24 | $388.0M | $47.0M | ||
| Q3 24 | $360.0M | $59.0M | ||
| Q2 24 | $230.0M | $22.0M |
自由现金流率ATNET
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | 3.4% | ||
| Q3 25 | 14.9% | 4.5% | ||
| Q2 25 | 6.4% | 4.6% | ||
| Q1 25 | 19.9% | 6.1% | ||
| Q4 24 | 22.8% | 3.7% | ||
| Q3 24 | 22.8% | 4.8% | ||
| Q2 24 | 14.6% | 1.8% |
资本支出强度ATNET
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 1.4% | ||
| Q3 25 | 5.9% | 1.4% | ||
| Q2 25 | 6.8% | 1.5% | ||
| Q1 25 | 5.8% | 1.2% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 5.8% | 2.0% | ||
| Q2 24 | 6.5% | 1.4% |
现金转化率ATNET
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | — | ||
| Q3 25 | 1.08× | 2.12× | ||
| Q2 25 | 1.03× | 2.03× | ||
| Q1 25 | 1.36× | 1.12× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.60× | 1.87× | ||
| Q2 24 | 1.08× | 0.65× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
