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AvalonBay Communities（AVB）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AvalonBay Communities的1.6倍（$1.2B vs $767.9M），AvalonBay Communities同比增速更快（3.7% vs -2.2%），AvalonBay Communities自由现金流更多（$1.4B vs $43.0M），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -0.6%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$767.9M
营收增速更快
AVB
高出5.9%
-2.2%
自由现金流更多
AVB
多$1.4B
$43.0M
两年增速更快
AVB
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $1.2B |
| 净利润 | $166.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 0.1% |
| 净利率 | 9040.6% | — |
| 营收同比 | 3.7% | -2.2% |
| 净利润同比 | -41.2% | — |
| 每股收益（稀释后） | $1.18 | $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AVBTNET
| Q4 25 | $767.9M | $1.2B | ||
| Q3 25 | $766.8M | $1.2B | ||
| Q2 25 | $760.2M | $1.2B | ||
| Q1 25 | $745.9M | $1.3B | ||
| Q4 24 | $740.5M | $1.3B | ||
| Q3 24 | $734.3M | $1.2B | ||
| Q2 24 | $726.0M | $1.2B | ||
| Q1 24 | $712.9M | $1.3B |
净利润AVBTNET
| Q4 25 | $166.0M | — | ||
| Q3 25 | $381.3M | $34.0M | ||
| Q2 25 | $268.7M | $37.0M | ||
| Q1 25 | $236.6M | $85.0M | ||
| Q4 24 | $282.1M | — | ||
| Q3 24 | $372.5M | $45.0M | ||
| Q2 24 | $253.9M | $60.0M | ||
| Q1 24 | $173.4M | $91.0M |
营业利润率AVBTNET
| Q4 25 | 64.2% | 0.1% | ||
| Q3 25 | 65.7% | 4.1% | ||
| Q2 25 | 67.6% | 4.1% | ||
| Q1 25 | 68.5% | 8.9% | ||
| Q4 24 | 63.1% | -2.9% | ||
| Q3 24 | 65.4% | 4.7% | ||
| Q2 24 | 66.6% | 6.5% | ||
| Q1 24 | 67.2% | 9.7% |
净利率AVBTNET
| Q4 25 | 9040.6% | — | ||
| Q3 25 | 49.7% | 2.8% | ||
| Q2 25 | 35.3% | 3.0% | ||
| Q1 25 | 31.7% | 6.6% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 50.7% | 3.6% | ||
| Q2 24 | 35.0% | 4.9% | ||
| Q1 24 | 24.3% | 7.2% |
每股收益（稀释后）AVBTNET
| Q4 25 | $1.18 | $0.02 | ||
| Q3 25 | $2.68 | $0.70 | ||
| Q2 25 | $1.88 | $0.77 | ||
| Q1 25 | $1.66 | $1.71 | ||
| Q4 24 | $1.99 | $-0.44 | ||
| Q3 24 | $2.61 | $0.89 | ||
| Q2 24 | $1.78 | $1.20 | ||
| Q1 24 | $1.22 | $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 | $187.2M | $287.0M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $54.0M |
| 总资产 | $22.2B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBTNET
| Q4 25 | $187.2M | $287.0M | ||
| Q3 25 | $123.3M | $321.0M | ||
| Q2 25 | $102.8M | $407.0M | ||
| Q1 25 | $53.3M | $349.0M | ||
| Q4 24 | $108.6M | $360.0M | ||
| Q3 24 | $552.4M | $301.0M | ||
| Q2 24 | $545.8M | $249.0M | ||
| Q1 24 | $287.9M | $383.0M |
总债务AVBTNET
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBTNET
| Q4 25 | $11.6B | $54.0M | ||
| Q3 25 | $11.9B | $110.0M | ||
| Q2 25 | $11.9B | $107.0M | ||
| Q1 25 | $11.9B | $63.0M | ||
| Q4 24 | $11.9B | $69.0M | ||
| Q3 24 | $11.9B | $129.0M | ||
| Q2 24 | $11.7B | $100.0M | ||
| Q1 24 | $11.7B | $143.0M |
总资产AVBTNET
| Q4 25 | $22.2B | $3.8B | ||
| Q3 25 | $21.9B | $3.4B | ||
| Q2 25 | $21.8B | $3.7B | ||
| Q1 25 | $21.2B | $3.8B | ||
| Q4 24 | $21.0B | $4.1B | ||
| Q3 24 | $21.3B | $3.7B | ||
| Q2 24 | $21.0B | $3.7B | ||
| Q1 24 | $20.6B | $4.0B |
负债/权益比AVBTNET
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
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 | $1.7B | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $43.0M |
| 自由现金流率自由现金流/营收 | 183.5% | 3.4% |
| 资本支出强度资本支出/营收 | 34.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | $234.0M |
8季度趋势，按日历期对齐
经营现金流AVBTNET
| Q4 25 | $1.7B | $61.0M | ||
| Q3 25 | $477.0M | $72.0M | ||
| Q2 25 | $377.8M | $75.0M | ||
| Q1 25 | $415.9M | $95.0M | ||
| Q4 24 | $1.6B | $65.0M | ||
| Q3 24 | $486.2M | $84.0M | ||
| Q2 24 | $380.0M | $39.0M | ||
| Q1 24 | $412.9M | $91.0M |
自由现金流AVBTNET
| Q4 25 | $1.4B | $43.0M | ||
| Q3 25 | $402.2M | $55.0M | ||
| Q2 25 | $317.1M | $57.0M | ||
| Q1 25 | $367.5M | $79.0M | ||
| Q4 24 | $1.4B | $47.0M | ||
| Q3 24 | $434.2M | $59.0M | ||
| Q2 24 | $333.0M | $22.0M | ||
| Q1 24 | $375.4M | $73.0M |
自由现金流率AVBTNET
| Q4 25 | 183.5% | 3.4% | ||
| Q3 25 | 52.5% | 4.5% | ||
| Q2 25 | 41.7% | 4.6% | ||
| Q1 25 | 49.3% | 6.1% | ||
| Q4 24 | 191.0% | 3.7% | ||
| Q3 24 | 59.1% | 4.8% | ||
| Q2 24 | 45.9% | 1.8% | ||
| Q1 24 | 52.7% | 5.8% |
资本支出强度AVBTNET
| Q4 25 | 34.1% | 1.4% | ||
| Q3 25 | 9.8% | 1.4% | ||
| Q2 25 | 8.0% | 1.5% | ||
| Q1 25 | 6.5% | 1.2% | ||
| Q4 24 | 26.1% | 1.4% | ||
| Q3 24 | 7.1% | 2.0% | ||
| Q2 24 | 6.5% | 1.4% | ||
| Q1 24 | 5.3% | 1.4% |
现金转化率AVBTNET
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | 2.12× | ||
| Q2 25 | 1.41× | 2.03× | ||
| Q1 25 | 1.76× | 1.12× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 1.87× | ||
| Q2 24 | 1.50× | 0.65× | ||
| Q1 24 | 2.38× | 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
AVB
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
