vs
雅保（ALB）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
雅保的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），雅保同比增速更快（15.9% vs -2.2%），雅保自由现金流更多（$233.1M vs $43.0M），过去两年雅保的营收复合增速更高（2.4% vs -0.6%）
雅保是全球知名的特种化学品企业，业务覆盖研发、生产与全球销售，下设锂、溴、催化剂三大板块。锂业务线供应碳酸锂、氢氧化锂、氯化锂等锂化合物及相关试剂，产品广泛应用于消费电子、电动汽车锂电池、高性能润滑脂、热塑性弹性体等领域。
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。
ALB vs TNET — 直观对比
营收规模更大
ALB
是对方的1.1倍
$1.2B
营收增速更快
ALB
高出18.1%
-2.2%
自由现金流更多
ALB
多$190.1M
$43.0M
两年增速更快
ALB
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-414.2M | — |
| 毛利率 | 13.9% | — |
| 营业利润率 | -15.2% | 0.1% |
| 净利率 | -29.0% | — |
| 营收同比 | 15.9% | -2.2% |
| 净利润同比 | -650.1% | — |
| 每股收益（稀释后） | $-3.88 | $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ALBTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
净利润ALBTNET
| Q4 25 | $-414.2M | — | ||
| Q3 25 | $-160.7M | $34.0M | ||
| Q2 25 | $22.9M | $37.0M | ||
| Q1 25 | $41.3M | $85.0M | ||
| Q4 24 | $75.3M | — | ||
| Q3 24 | $-1.1B | $45.0M | ||
| Q2 24 | $-188.2M | $60.0M | ||
| Q1 24 | $2.4M | $91.0M |
毛利率ALBTNET
| Q4 25 | 13.9% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 14.8% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -7.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 2.9% | — |
营业利润率ALBTNET
| Q4 25 | -15.2% | 0.1% | ||
| Q3 25 | -16.6% | 4.1% | ||
| Q2 25 | 3.6% | 4.1% | ||
| Q1 25 | 1.8% | 8.9% | ||
| Q4 24 | 0.4% | -2.9% | ||
| Q3 24 | -81.9% | 4.7% | ||
| Q2 24 | -34.4% | 6.5% | ||
| Q1 24 | -13.2% | 9.7% |
净利率ALBTNET
| Q4 25 | -29.0% | — | ||
| Q3 25 | -12.3% | 2.8% | ||
| Q2 25 | 1.7% | 3.0% | ||
| Q1 25 | 3.8% | 6.6% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | -78.9% | 3.6% | ||
| Q2 24 | -13.2% | 4.9% | ||
| Q1 24 | 0.2% | 7.2% |
每股收益（稀释后）ALBTNET
| Q4 25 | $-3.88 | $0.02 | ||
| Q3 25 | $-1.72 | $0.70 | ||
| Q2 25 | $-0.16 | $0.77 | ||
| Q1 25 | $0.00 | $1.71 | ||
| Q4 24 | $0.29 | $-0.44 | ||
| Q3 24 | $-9.45 | $0.89 | ||
| Q2 24 | $-1.96 | $1.20 | ||
| Q1 24 | $-0.08 | $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 | — | $287.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $9.5B | $54.0M |
| 总资产 | $16.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.33× | — |
8季度趋势，按日历期对齐
现金及短期投资ALBTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $1.9B | $321.0M | ||
| Q2 25 | $1.8B | $407.0M | ||
| Q1 25 | $1.5B | $349.0M | ||
| Q4 24 | $1.2B | $360.0M | ||
| Q3 24 | $1.7B | $301.0M | ||
| Q2 24 | $1.8B | $249.0M | ||
| Q1 24 | $2.1B | $383.0M |
总债务ALBTNET
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.6B | — | ||
| Q2 24 | $3.5B | — | ||
| Q1 24 | $3.5B | — |
股东权益ALBTNET
| Q4 25 | $9.5B | $54.0M | ||
| Q3 25 | $10.0B | $110.0M | ||
| Q2 25 | $10.2B | $107.0M | ||
| Q1 25 | $10.0B | $63.0M | ||
| Q4 24 | $10.0B | $69.0M | ||
| Q3 24 | $10.2B | $129.0M | ||
| Q2 24 | $11.2B | $100.0M | ||
| Q1 24 | $11.5B | $143.0M |
总资产ALBTNET
| Q4 25 | $16.4B | $3.8B | ||
| Q3 25 | $17.1B | $3.4B | ||
| Q2 25 | $17.3B | $3.7B | ||
| Q1 25 | $17.0B | $3.8B | ||
| Q4 24 | $16.6B | $4.1B | ||
| Q3 24 | $17.5B | $3.7B | ||
| Q2 24 | $18.4B | $3.7B | ||
| Q1 24 | $19.0B | $4.0B |
负债/权益比ALBTNET
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.31× | — |
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 | $388.5M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $233.1M | $43.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 3.4% |
| 资本支出强度资本支出/营收 | 10.9% | 1.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $692.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流ALBTNET
| Q4 25 | $388.5M | $61.0M | ||
| Q3 25 | $355.6M | $72.0M | ||
| Q2 25 | $-7.2M | $75.0M | ||
| Q1 25 | $545.4M | $95.0M | ||
| Q4 24 | $674.0K | $65.0M | ||
| Q3 24 | $240.5M | $84.0M | ||
| Q2 24 | $362.9M | $39.0M | ||
| Q1 24 | $98.0M | $91.0M |
自由现金流ALBTNET
| Q4 25 | $233.1M | $43.0M | ||
| Q3 25 | $223.4M | $55.0M | ||
| Q2 25 | $-126.8M | $57.0M | ||
| Q1 25 | $362.8M | $79.0M | ||
| Q4 24 | $-355.1M | $47.0M | ||
| Q3 24 | $-62.6M | $59.0M | ||
| Q2 24 | $-84.7M | $22.0M | ||
| Q1 24 | $-481.4M | $73.0M |
自由现金流率ALBTNET
| Q4 25 | 16.3% | 3.4% | ||
| Q3 25 | 17.1% | 4.5% | ||
| Q2 25 | -9.5% | 4.6% | ||
| Q1 25 | 33.7% | 6.1% | ||
| Q4 24 | -28.8% | 3.7% | ||
| Q3 24 | -4.6% | 4.8% | ||
| Q2 24 | -5.9% | 1.8% | ||
| Q1 24 | -35.4% | 5.8% |
资本支出强度ALBTNET
| Q4 25 | 10.9% | 1.4% | ||
| Q3 25 | 10.1% | 1.4% | ||
| Q2 25 | 9.0% | 1.5% | ||
| Q1 25 | 17.0% | 1.2% | ||
| Q4 24 | 28.9% | 1.4% | ||
| Q3 24 | 22.4% | 2.0% | ||
| Q2 24 | 31.3% | 1.4% | ||
| Q1 24 | 42.6% | 1.4% |
现金转化率ALBTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | -0.31× | 2.03× | ||
| Q1 25 | 13.19× | 1.12× | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 40.01× | 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
ALB
| Energy Storage | $759.1M | 53% |
| Specialties | $348.9M | 24% |
| Ketjen | $320.1M | 22% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
