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美国鹰（AEO）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
美国鹰的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），美国鹰同比增速更快（5.7% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-2.5M），过去两年美国鹰的营收复合增速更高（2.3% vs -0.6%）
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
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。
AEO vs TNET — 直观对比
营收规模更大
AEO
是对方的1.1倍
$1.2B
营收增速更快
AEO
高出7.9%
-2.2%
自由现金流更多
TNET
多$45.5M
$-2.5M
两年增速更快
AEO
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $91.3M | — |
| 毛利率 | 40.5% | — |
| 营业利润率 | 8.3% | 0.1% |
| 净利率 | 6.7% | — |
| 营收同比 | 5.7% | -2.2% |
| 净利润同比 | 14.2% | — |
| 每股收益（稀释后） | $0.53 | $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AEOTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.7B | $1.3B |
净利润AEOTNET
| Q4 25 | $91.3M | — | ||
| Q3 25 | $77.6M | $34.0M | ||
| Q2 25 | $-64.9M | $37.0M | ||
| Q1 25 | — | $85.0M | ||
| Q4 24 | $80.0M | — | ||
| Q3 24 | $77.3M | $45.0M | ||
| Q2 24 | $67.8M | $60.0M | ||
| Q1 24 | $6.3M | $91.0M |
毛利率AEOTNET
| Q4 25 | 40.5% | — | ||
| Q3 25 | 38.9% | — | ||
| Q2 25 | 29.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.6% | — | ||
| Q1 24 | 36.6% | — |
营业利润率AEOTNET
| Q4 25 | 8.3% | 0.1% | ||
| Q3 25 | 8.0% | 4.1% | ||
| Q2 25 | -7.8% | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | 8.2% | -2.9% | ||
| Q3 24 | 7.8% | 4.7% | ||
| Q2 24 | 6.8% | 6.5% | ||
| Q1 24 | 0.6% | 9.7% |
净利率AEOTNET
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.0% | 2.8% | ||
| Q2 25 | -6.0% | 3.0% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 6.0% | 3.6% | ||
| Q2 24 | 5.9% | 4.9% | ||
| Q1 24 | 0.4% | 7.2% |
每股收益（稀释后）AEOTNET
| Q4 25 | $0.53 | $0.02 | ||
| Q3 25 | $0.45 | $0.70 | ||
| Q2 25 | $-0.36 | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | $0.41 | $-0.44 | ||
| Q3 24 | $0.39 | $0.89 | ||
| Q2 24 | $0.34 | $1.20 | ||
| Q1 24 | $0.03 | $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 | $112.8M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $54.0M |
| 总资产 | $4.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AEOTNET
| Q4 25 | $112.8M | $287.0M | ||
| Q3 25 | $126.8M | $321.0M | ||
| Q2 25 | $87.9M | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | $160.2M | $360.0M | ||
| Q3 24 | $191.8M | $301.0M | ||
| Q2 24 | $300.5M | $249.0M | ||
| Q1 24 | $454.1M | $383.0M |
总债务AEOTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
股东权益AEOTNET
| Q4 25 | $1.6B | $54.0M | ||
| Q3 25 | $1.5B | $110.0M | ||
| Q2 25 | $1.5B | $107.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | $1.7B | $69.0M | ||
| Q3 24 | $1.7B | $129.0M | ||
| Q2 24 | $1.8B | $100.0M | ||
| Q1 24 | $1.7B | $143.0M |
总资产AEOTNET
| Q4 25 | $4.2B | $3.8B | ||
| Q3 25 | $4.1B | $3.4B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $3.7B | $4.1B | ||
| Q3 24 | $3.5B | $3.7B | ||
| Q2 24 | $3.6B | $3.7B | ||
| Q1 24 | $3.6B | $4.0B |
负债/权益比AEOTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $67.1M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $43.0M |
| 自由现金流率自由现金流/营收 | -0.2% | 3.4% |
| 资本支出强度资本支出/营收 | 5.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.74× | — |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $234.0M |
8季度趋势，按日历期对齐
经营现金流AEOTNET
| Q4 25 | $67.1M | $61.0M | ||
| Q3 25 | $27.8M | $72.0M | ||
| Q2 25 | $-54.7M | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | $52.9M | $65.0M | ||
| Q3 24 | $78.3M | $84.0M | ||
| Q2 24 | $-38.1M | $39.0M | ||
| Q1 24 | $296.4M | $91.0M |
自由现金流AEOTNET
| Q4 25 | $-2.5M | $43.0M | ||
| Q3 25 | $-43.1M | $55.0M | ||
| Q2 25 | $-116.3M | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | $-7.8M | $47.0M | ||
| Q3 24 | $17.5M | $59.0M | ||
| Q2 24 | $-74.3M | $22.0M | ||
| Q1 24 | $256.8M | $73.0M |
自由现金流率AEOTNET
| Q4 25 | -0.2% | 3.4% | ||
| Q3 25 | -3.4% | 4.5% | ||
| Q2 25 | -10.7% | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | -0.6% | 3.7% | ||
| Q3 24 | 1.4% | 4.8% | ||
| Q2 24 | -6.5% | 1.8% | ||
| Q1 24 | 15.3% | 5.8% |
资本支出强度AEOTNET
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | 5.5% | 1.4% | ||
| Q2 25 | 5.7% | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 4.7% | 1.4% | ||
| Q3 24 | 4.7% | 2.0% | ||
| Q2 24 | 3.2% | 1.4% | ||
| Q1 24 | 2.4% | 1.4% |
现金转化率AEOTNET
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.36× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 1.01× | 1.87× | ||
| Q2 24 | -0.56× | 0.65× | ||
| Q1 24 | 46.93× | 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
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
