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Atmos Energy（ATO）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
Atmos Energy的季度营收约是TRINET GROUP, INC.的1.1倍（$1.3B vs $1.2B），Atmos Energy同比增速更快（14.2% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-725.3M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
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。
ATO vs TNET — 直观对比
营收规模更大
ATO
是对方的1.1倍
$1.2B
营收增速更快
ATO
高出16.4%
-2.2%
自由现金流更多
TNET
多$768.3M
$-725.3M
两年增速更快
TNET
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $403.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 38.3% | 0.1% |
| 净利率 | 30.0% | — |
| 营收同比 | 14.2% | -2.2% |
| 净利润同比 | 14.5% | — |
| 每股收益（稀释后） | $2.44 | $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ATOTNET
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $737.5M | $1.2B | ||
| Q2 25 | $838.8M | $1.2B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $657.9M | $1.2B | ||
| Q2 24 | $701.5M | $1.2B | ||
| Q1 24 | $1.6B | $1.3B |
净利润ATOTNET
| Q4 25 | $403.0M | — | ||
| Q3 25 | $174.9M | $34.0M | ||
| Q2 25 | $186.4M | $37.0M | ||
| Q1 25 | $485.6M | $85.0M | ||
| Q4 24 | $351.9M | — | ||
| Q3 24 | $134.0M | $45.0M | ||
| Q2 24 | $165.6M | $60.0M | ||
| Q1 24 | $432.0M | $91.0M |
毛利率ATOTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 60.0% | — | ||
| Q4 24 | 80.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 62.1% | — |
营业利润率ATOTNET
| Q4 25 | 38.3% | 0.1% | ||
| Q3 25 | 29.8% | 4.1% | ||
| Q2 25 | 30.1% | 4.1% | ||
| Q1 25 | 32.2% | 8.9% | ||
| Q4 24 | 39.1% | -2.9% | ||
| Q3 24 | 28.1% | 4.7% | ||
| Q2 24 | 31.4% | 6.5% | ||
| Q1 24 | 33.4% | 9.7% |
净利率ATOTNET
| Q4 25 | 30.0% | — | ||
| Q3 25 | 23.7% | 2.8% | ||
| Q2 25 | 22.2% | 3.0% | ||
| Q1 25 | 24.9% | 6.6% | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 20.4% | 3.6% | ||
| Q2 24 | 23.6% | 4.9% | ||
| Q1 24 | 26.2% | 7.2% |
每股收益（稀释后）ATOTNET
| Q4 25 | $2.44 | $0.02 | ||
| Q3 25 | $1.04 | $0.70 | ||
| Q2 25 | $1.16 | $0.77 | ||
| Q1 25 | $3.03 | $1.71 | ||
| Q4 24 | $2.23 | $-0.44 | ||
| Q3 24 | $0.82 | $0.89 | ||
| Q2 24 | $1.08 | $1.20 | ||
| Q1 24 | $2.85 | $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 | $367.0M | $287.0M |
| 总债务越低越好 | $9.6B | — |
| 股东权益账面价值 | $14.3B | $54.0M |
| 总资产 | $29.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资ATOTNET
| Q4 25 | $367.0M | $287.0M | ||
| Q3 25 | $202.7M | $321.0M | ||
| Q2 25 | $709.4M | $407.0M | ||
| Q1 25 | $543.5M | $349.0M | ||
| Q4 24 | $584.5M | $360.0M | ||
| Q3 24 | $307.3M | $301.0M | ||
| Q2 24 | $674.6M | $249.0M | ||
| Q1 24 | $262.5M | $383.0M |
总债务ATOTNET
| Q4 25 | $9.6B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.8B | — | ||
| Q1 24 | $7.4B | — |
股东权益ATOTNET
| Q4 25 | $14.3B | $54.0M | ||
| Q3 25 | $13.6B | $110.0M | ||
| Q2 25 | $13.4B | $107.0M | ||
| Q1 25 | $13.1B | $63.0M | ||
| Q4 24 | $12.8B | $69.0M | ||
| Q3 24 | $12.2B | $129.0M | ||
| Q2 24 | $12.2B | $100.0M | ||
| Q1 24 | $11.6B | $143.0M |
总资产ATOTNET
| Q4 25 | $29.8B | $3.8B | ||
| Q3 25 | $28.2B | $3.4B | ||
| Q2 25 | $27.7B | $3.7B | ||
| Q1 25 | $27.0B | $3.8B | ||
| Q4 24 | $26.5B | $4.1B | ||
| Q3 24 | $25.2B | $3.7B | ||
| Q2 24 | $24.9B | $3.7B | ||
| Q1 24 | $24.0B | $4.0B |
负债/权益比ATOTNET
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.64× | — |
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 | $308.1M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $43.0M |
| 自由现金流率自由现金流/营收 | -54.0% | 3.4% |
| 资本支出强度资本支出/营收 | 77.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.76× | — |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $234.0M |
8季度趋势，按日历期对齐
经营现金流ATOTNET
| Q4 25 | $308.1M | $61.0M | ||
| Q3 25 | $348.1M | $72.0M | ||
| Q2 25 | $496.4M | $75.0M | ||
| Q1 25 | $922.9M | $95.0M | ||
| Q4 24 | $282.0M | $65.0M | ||
| Q3 24 | $330.7M | $84.0M | ||
| Q2 24 | $411.2M | $39.0M | ||
| Q1 24 | $746.6M | $91.0M |
自由现金流ATOTNET
| Q4 25 | $-725.3M | $43.0M | ||
| Q3 25 | $-615.5M | $55.0M | ||
| Q2 25 | $-370.6M | $57.0M | ||
| Q1 25 | $83.3M | $79.0M | ||
| Q4 24 | $-609.2M | $47.0M | ||
| Q3 24 | $-477.3M | $59.0M | ||
| Q2 24 | $-302.4M | $22.0M | ||
| Q1 24 | $100.7M | $73.0M |
自由现金流率ATOTNET
| Q4 25 | -54.0% | 3.4% | ||
| Q3 25 | -83.5% | 4.5% | ||
| Q2 25 | -44.2% | 4.6% | ||
| Q1 25 | 4.3% | 6.1% | ||
| Q4 24 | -51.8% | 3.7% | ||
| Q3 24 | -72.5% | 4.8% | ||
| Q2 24 | -43.1% | 1.8% | ||
| Q1 24 | 6.1% | 5.8% |
资本支出强度ATOTNET
| Q4 25 | 77.0% | 1.4% | ||
| Q3 25 | 130.7% | 1.4% | ||
| Q2 25 | 103.4% | 1.5% | ||
| Q1 25 | 43.0% | 1.2% | ||
| Q4 24 | 75.8% | 1.4% | ||
| Q3 24 | 122.8% | 2.0% | ||
| Q2 24 | 101.7% | 1.4% | ||
| Q1 24 | 39.2% | 1.4% |
现金转化率ATOTNET
| Q4 25 | 0.76× | — | ||
| Q3 25 | 1.99× | 2.12× | ||
| Q2 25 | 2.66× | 2.03× | ||
| Q1 25 | 1.90× | 1.12× | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | 2.47× | 1.87× | ||
| Q2 24 | 2.48× | 0.65× | ||
| Q1 24 | 1.73× | 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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
