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爱齐科技（ALGN）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
TRINET GROUP, INC.的季度营收约是爱齐科技的1.2倍（$1.2B vs $1.0B），爱齐科技同比增速更快（6.2% vs -2.2%），过去两年爱齐科技的营收复合增速更高（0.6% vs -0.6%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
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。
ALGN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.0B
营收增速更快
ALGN
高出8.4%
-2.2%
两年增速更快
ALGN
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $112.8M | — |
| 毛利率 | 70.8% | — |
| 营业利润率 | 13.6% | 0.1% |
| 净利率 | 10.8% | — |
| 营收同比 | 6.2% | -2.2% |
| 净利润同比 | 21.0% | — |
| 每股收益（稀释后） | $1.57 | $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ALGNTNET
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $995.7M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $979.3M | $1.3B | ||
| Q4 24 | $995.2M | $1.3B | ||
| Q3 24 | $977.9M | $1.2B | ||
| Q2 24 | $1.0B | $1.2B |
净利润ALGNTNET
| Q1 26 | $112.8M | — | ||
| Q4 25 | $135.8M | — | ||
| Q3 25 | $56.8M | $34.0M | ||
| Q2 25 | $124.6M | $37.0M | ||
| Q1 25 | $93.2M | $85.0M | ||
| Q4 24 | $103.8M | — | ||
| Q3 24 | $116.0M | $45.0M | ||
| Q2 24 | $96.6M | $60.0M |
毛利率ALGNTNET
| Q1 26 | 70.8% | — | ||
| Q4 25 | 65.3% | — | ||
| Q3 25 | 64.2% | — | ||
| Q2 25 | 69.9% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.7% | — | ||
| Q2 24 | 70.3% | — |
营业利润率ALGNTNET
| Q1 26 | 13.6% | — | ||
| Q4 25 | 14.8% | 0.1% | ||
| Q3 25 | 9.7% | 4.1% | ||
| Q2 25 | 16.1% | 4.1% | ||
| Q1 25 | 13.4% | 8.9% | ||
| Q4 24 | 14.5% | -2.9% | ||
| Q3 24 | 16.6% | 4.7% | ||
| Q2 24 | 14.3% | 6.5% |
净利率ALGNTNET
| Q1 26 | 10.8% | — | ||
| Q4 25 | 13.0% | — | ||
| Q3 25 | 5.7% | 2.8% | ||
| Q2 25 | 12.3% | 3.0% | ||
| Q1 25 | 9.5% | 6.6% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.9% | 3.6% | ||
| Q2 24 | 9.4% | 4.9% |
每股收益（稀释后）ALGNTNET
| Q1 26 | $1.57 | — | ||
| Q4 25 | $1.88 | $0.02 | ||
| Q3 25 | $0.78 | $0.70 | ||
| Q2 25 | $1.72 | $0.77 | ||
| Q1 25 | $1.27 | $1.71 | ||
| Q4 24 | $1.40 | $-0.44 | ||
| Q3 24 | $1.55 | $0.89 | ||
| Q2 24 | $1.28 | $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 | $1.1B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.1B | $54.0M |
| 总资产 | $6.3B | $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ALGNTNET
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $287.0M | ||
| Q3 25 | $1.0B | $321.0M | ||
| Q2 25 | $901.2M | $407.0M | ||
| Q1 25 | $873.0M | $349.0M | ||
| Q4 24 | $1.0B | $360.0M | ||
| Q3 24 | $1.0B | $301.0M | ||
| Q2 24 | $761.4M | $249.0M |
股东权益ALGNTNET
| Q1 26 | $4.1B | — | ||
| Q4 25 | $4.0B | $54.0M | ||
| Q3 25 | $4.0B | $110.0M | ||
| Q2 25 | $3.9B | $107.0M | ||
| Q1 25 | $3.8B | $63.0M | ||
| Q4 24 | $3.9B | $69.0M | ||
| Q3 24 | $3.9B | $129.0M | ||
| Q2 24 | $3.8B | $100.0M |
总资产ALGNTNET
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.2B | $3.8B | ||
| Q3 25 | $6.2B | $3.4B | ||
| Q2 25 | $6.2B | $3.7B | ||
| Q1 25 | $6.1B | $3.8B | ||
| Q4 24 | $6.2B | $4.1B | ||
| Q3 24 | $6.4B | $3.7B | ||
| Q2 24 | $6.2B | $3.7B |
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 | $151.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.34× | — |
| 过去12个月自由现金流最近4个季度 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流ALGNTNET
| Q1 26 | $151.0M | — | ||
| Q4 25 | $223.2M | $61.0M | ||
| Q3 25 | $188.7M | $72.0M | ||
| Q2 25 | $128.7M | $75.0M | ||
| Q1 25 | $52.7M | $95.0M | ||
| Q4 24 | $286.1M | $65.0M | ||
| Q3 24 | $263.7M | $84.0M | ||
| Q2 24 | $159.8M | $39.0M |
自由现金流ALGNTNET
| Q1 26 | — | — | ||
| Q4 25 | $187.3M | $43.0M | ||
| Q3 25 | $169.0M | $55.0M | ||
| Q2 25 | $107.2M | $57.0M | ||
| Q1 25 | $27.4M | $79.0M | ||
| Q4 24 | $263.1M | $47.0M | ||
| Q3 24 | $233.9M | $59.0M | ||
| Q2 24 | $106.4M | $22.0M |
自由现金流率ALGNTNET
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 3.4% | ||
| Q3 25 | 17.0% | 4.5% | ||
| Q2 25 | 10.6% | 4.6% | ||
| Q1 25 | 2.8% | 6.1% | ||
| Q4 24 | 26.4% | 3.7% | ||
| Q3 24 | 23.9% | 4.8% | ||
| Q2 24 | 10.3% | 1.8% |
资本支出强度ALGNTNET
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 1.4% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 2.1% | 1.5% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 3.0% | 2.0% | ||
| Q2 24 | 5.2% | 1.4% |
现金转化率ALGNTNET
| Q1 26 | 1.34× | — | ||
| Q4 25 | 1.64× | — | ||
| Q3 25 | 3.33× | 2.12× | ||
| Q2 25 | 1.03× | 2.03× | ||
| Q1 25 | 0.57× | 1.12× | ||
| Q4 24 | 2.76× | — | ||
| Q3 24 | 2.27× | 1.87× | ||
| Q2 24 | 1.66× | 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
ALGN
| Clear Aligner | $856.0M | 82% |
| CAM Services | $184.1M | 18% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
