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亚朵集团（ATAT）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.的季度营收约是亚朵集团的1.6倍（$1.2B vs $789.6M），亚朵集团同比增速更快（252.5% vs -2.2%），亚朵集团自由现金流更多（$210.7M vs $43.0M）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
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。
ATAT vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$789.6M
营收增速更快
ATAT
高出254.7%
-2.2%
自由现金流更多
ATAT
多$167.7M
$43.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $1.2B |
| 净利润 | $139.1M | — |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | 0.1% |
| 净利率 | 17.6% | — |
| 营收同比 | 252.5% | -2.2% |
| 净利润同比 | 322.2% | — |
| 每股收益（稀释后） | $0.33 | $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ATATTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $789.6M | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $224.0M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $203.4M | $1.3B |
净利润ATATTNET
| Q4 25 | — | — | ||
| Q3 25 | $139.1M | $34.0M | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.0M | $45.0M | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | $35.6M | $91.0M |
营业利润率ATATTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 22.5% | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 14.7% | 4.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | 22.1% | 9.7% |
净利率ATATTNET
| Q4 25 | — | — | ||
| Q3 25 | 17.6% | 2.8% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.7% | 3.6% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | 17.5% | 7.2% |
每股收益（稀释后）ATATTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.33 | $0.70 | ||
| Q2 25 | — | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $0.08 | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | $0.09 | $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 | $669.2M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.0M | $54.0M |
| 总资产 | $1.1B | $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ATATTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $669.2M | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $506.0M | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | $520.7M | $383.0M |
总债务ATATTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — |
股东权益ATATTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $405.0M | $110.0M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $291.3M | $129.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | $323.5M | $143.0M |
总资产ATATTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $927.8M | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | $936.3M | $4.0B |
负债/权益比ATATTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $216.6M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $43.0M |
| 自由现金流率自由现金流/营收 | 26.7% | 3.4% |
| 资本支出强度资本支出/营收 | 0.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.56× | — |
| 过去12个月自由现金流最近4个季度 | $359.6M | $234.0M |
8季度趋势，按日历期对齐
经营现金流ATATTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $216.6M | $72.0M | ||
| Q2 25 | — | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $84.8M | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | $19.8M | $91.0M |
自由现金流ATATTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $210.7M | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $83.3M | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | $18.1M | $73.0M |
自由现金流率ATATTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | 26.7% | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 37.2% | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | 8.9% | 5.8% |
资本支出强度ATATTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 0.8% | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | 0.9% | 1.4% |
现金转化率ATATTNET
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.57× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 0.56× | 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
ATAT
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
