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Ameren（AEE）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
Ameren的季度营收约是TRINET GROUP, INC.的1.4倍（$1.8B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -8.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-54.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -0.9%）
Ameren Corporation是美国公共事业控股企业，下设Ameren密苏里、伊利诺伊州配电、伊利诺伊州天然气、输电四大业务板块，主营受费率监管的发电、输电、配电业务，以及受监管的天然气输配业务，电力生产主要采用煤炭、核电等能源。
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。
AEE vs TNET — 直观对比
营收规模更大
AEE
是对方的1.4倍
$1.2B
营收增速更快
TNET
高出6.0%
-8.2%
自由现金流更多
TNET
多$97.0M
$-54.0M
两年增速更快
TNET
近两年复合增速
-0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $253.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 20.2% | 0.1% |
| 净利率 | 14.2% | — |
| 营收同比 | -8.2% | -2.2% |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $0.92 | $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AEETNET
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.8B | $1.3B |
净利润AEETNET
| Q4 25 | $253.0M | — | ||
| Q3 25 | $641.0M | $34.0M | ||
| Q2 25 | $277.0M | $37.0M | ||
| Q1 25 | $290.0M | $85.0M | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $457.0M | $45.0M | ||
| Q2 24 | $260.0M | $60.0M | ||
| Q1 24 | $262.0M | $91.0M |
营业利润率AEETNET
| Q4 25 | 20.2% | 0.1% | ||
| Q3 25 | 30.6% | 4.1% | ||
| Q2 25 | 18.5% | 4.1% | ||
| Q1 25 | 20.5% | 8.9% | ||
| Q4 24 | 10.2% | -2.9% | ||
| Q3 24 | 27.0% | 4.7% | ||
| Q2 24 | 21.3% | 6.5% | ||
| Q1 24 | 20.4% | 9.7% |
净利率AEETNET
| Q4 25 | 14.2% | — | ||
| Q3 25 | 23.7% | 2.8% | ||
| Q2 25 | 12.5% | 3.0% | ||
| Q1 25 | 13.8% | 6.6% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 21.0% | 3.6% | ||
| Q2 24 | 15.4% | 4.9% | ||
| Q1 24 | 14.4% | 7.2% |
每股收益（稀释后）AEETNET
| Q4 25 | $0.92 | $0.02 | ||
| Q3 25 | $2.35 | $0.70 | ||
| Q2 25 | $1.01 | $0.77 | ||
| Q1 25 | $1.07 | $1.71 | ||
| Q4 24 | $0.77 | $-0.44 | ||
| Q3 24 | $1.70 | $0.89 | ||
| Q2 24 | $0.97 | $1.20 | ||
| Q1 24 | $0.98 | $1.78 |
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 | $13.0M | $287.0M |
| 总债务越低越好 | $19.4B | — |
| 股东权益账面价值 | $13.4B | $54.0M |
| 总资产 | $48.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.45× | — |
8季度趋势，按日历期对齐
现金及短期投资AEETNET
| Q4 25 | $13.0M | $287.0M | ||
| Q3 25 | $9.0M | $321.0M | ||
| Q2 25 | $11.0M | $407.0M | ||
| Q1 25 | $23.0M | $349.0M | ||
| Q4 24 | $7.0M | $360.0M | ||
| Q3 24 | $17.0M | $301.0M | ||
| Q2 24 | $19.0M | $249.0M | ||
| Q1 24 | $85.0M | $383.0M |
总债务AEETNET
| Q4 25 | $19.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $17.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益AEETNET
| Q4 25 | $13.4B | $54.0M | ||
| Q3 25 | $12.8B | $110.0M | ||
| Q2 25 | $12.3B | $107.0M | ||
| Q1 25 | $12.2B | $63.0M | ||
| Q4 24 | $12.1B | $69.0M | ||
| Q3 24 | $11.8B | $129.0M | ||
| Q2 24 | $11.5B | $100.0M | ||
| Q1 24 | $11.4B | $143.0M |
总资产AEETNET
| Q4 25 | $48.5B | $3.8B | ||
| Q3 25 | $47.4B | $3.4B | ||
| Q2 25 | $46.6B | $3.7B | ||
| Q1 25 | $45.7B | $3.8B | ||
| Q4 24 | $44.6B | $4.1B | ||
| Q3 24 | $43.3B | $3.7B | ||
| Q2 24 | $42.3B | $3.7B | ||
| Q1 24 | $41.3B | $4.0B |
负债/权益比AEETNET
| Q4 25 | 1.45× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $956.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-54.0M | $43.0M |
| 自由现金流率自由现金流/营收 | -3.0% | 3.4% |
| 资本支出强度资本支出/营收 | 56.7% | 1.4% |
| 现金转化率经营现金流/净利润 | 3.78× | — |
| 过去12个月自由现金流最近4个季度 | $-775.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流AEETNET
| Q4 25 | $956.0M | $61.0M | ||
| Q3 25 | $1.1B | $72.0M | ||
| Q2 25 | $862.0M | $75.0M | ||
| Q1 25 | $431.0M | $95.0M | ||
| Q4 24 | $817.0M | $65.0M | ||
| Q3 24 | $897.0M | $84.0M | ||
| Q2 24 | $557.0M | $39.0M | ||
| Q1 24 | $492.0M | $91.0M |
自由现金流AEETNET
| Q4 25 | $-54.0M | $43.0M | ||
| Q3 25 | $116.0M | $55.0M | ||
| Q2 25 | $-204.0M | $57.0M | ||
| Q1 25 | $-633.0M | $79.0M | ||
| Q4 24 | $-473.0M | $47.0M | ||
| Q3 24 | $-240.0M | $59.0M | ||
| Q2 24 | $-445.0M | $22.0M | ||
| Q1 24 | $-398.0M | $73.0M |
自由现金流率AEETNET
| Q4 25 | -3.0% | 3.4% | ||
| Q3 25 | 4.3% | 4.5% | ||
| Q2 25 | -9.2% | 4.6% | ||
| Q1 25 | -30.2% | 6.1% | ||
| Q4 24 | -24.4% | 3.7% | ||
| Q3 24 | -11.0% | 4.8% | ||
| Q2 24 | -26.3% | 1.8% | ||
| Q1 24 | -21.9% | 5.8% |
资本支出强度AEETNET
| Q4 25 | 56.7% | 1.4% | ||
| Q3 25 | 36.6% | 1.4% | ||
| Q2 25 | 48.0% | 1.5% | ||
| Q1 25 | 50.7% | 1.2% | ||
| Q4 24 | 66.5% | 1.4% | ||
| Q3 24 | 52.3% | 2.0% | ||
| Q2 24 | 59.2% | 1.4% | ||
| Q1 24 | 49.0% | 1.4% |
现金转化率AEETNET
| Q4 25 | 3.78× | — | ||
| Q3 25 | 1.72× | 2.12× | ||
| Q2 25 | 3.11× | 2.03× | ||
| Q1 25 | 1.49× | 1.12× | ||
| Q4 24 | 3.93× | — | ||
| Q3 24 | 1.96× | 1.87× | ||
| Q2 24 | 2.14× | 0.65× | ||
| Q1 24 | 1.88× | 1.00× |
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
AEE
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
