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普立万（AVNT）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.的季度营收约是普立万的1.6倍（$1.2B vs $760.6M），普立万同比增速更快（1.9% vs -2.2%），普立万自由现金流更多（$125.4M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -4.2%）
普立万公司是一家全球性材料解决方案供应商，总部位于美国俄亥俄州埃文湖，全球员工约9000人。主营产品涵盖色母粒、先进复合材料、功能添加剂以及工程材料，为多行业客户提供定制化的材料相关技术支持与解决方案。
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。
AVNT vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$760.6M
营收增速更快
AVNT
高出4.1%
-2.2%
自由现金流更多
AVNT
多$82.4M
$43.0M
两年增速更快
TNET
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $760.6M | $1.2B |
| 净利润 | $16.9M | — |
| 毛利率 | 30.2% | — |
| 营业利润率 | 5.2% | 0.1% |
| 净利率 | 2.2% | — |
| 营收同比 | 1.9% | -2.2% |
| 净利润同比 | -65.0% | — |
| 每股收益（稀释后） | $0.18 | $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AVNTTNET
| Q4 25 | $760.6M | $1.2B | ||
| Q3 25 | $806.5M | $1.2B | ||
| Q2 25 | $866.5M | $1.2B | ||
| Q1 25 | $826.6M | $1.3B | ||
| Q4 24 | $746.5M | $1.3B | ||
| Q3 24 | $815.2M | $1.2B | ||
| Q2 24 | $849.7M | $1.2B | ||
| Q1 24 | $829.0M | $1.3B |
净利润AVNTTNET
| Q4 25 | $16.9M | — | ||
| Q3 25 | $32.6M | $34.0M | ||
| Q2 25 | $52.6M | $37.0M | ||
| Q1 25 | $-20.2M | $85.0M | ||
| Q4 24 | $48.3M | — | ||
| Q3 24 | $38.2M | $45.0M | ||
| Q2 24 | $33.6M | $60.0M | ||
| Q1 24 | $49.4M | $91.0M |
毛利率AVNTTNET
| Q4 25 | 30.2% | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 32.1% | — | ||
| Q1 25 | 31.8% | — | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 32.1% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 33.6% | — |
营业利润率AVNTTNET
| Q4 25 | 5.2% | 0.1% | ||
| Q3 25 | 8.3% | 4.1% | ||
| Q2 25 | 11.1% | 4.1% | ||
| Q1 25 | 0.1% | 8.9% | ||
| Q4 24 | 11.5% | -2.9% | ||
| Q3 24 | 9.5% | 4.7% | ||
| Q2 24 | 8.5% | 6.5% | ||
| Q1 24 | 11.3% | 9.7% |
净利率AVNTTNET
| Q4 25 | 2.2% | — | ||
| Q3 25 | 4.0% | 2.8% | ||
| Q2 25 | 6.1% | 3.0% | ||
| Q1 25 | -2.4% | 6.6% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 4.7% | 3.6% | ||
| Q2 24 | 4.0% | 4.9% | ||
| Q1 24 | 6.0% | 7.2% |
每股收益（稀释后）AVNTTNET
| Q4 25 | $0.18 | $0.02 | ||
| Q3 25 | $0.36 | $0.70 | ||
| Q2 25 | $0.57 | $0.77 | ||
| Q1 25 | $-0.22 | $1.71 | ||
| Q4 24 | $0.53 | $-0.44 | ||
| Q3 24 | $0.41 | $0.89 | ||
| Q2 24 | $0.36 | $1.20 | ||
| Q1 24 | $0.54 | $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 | $1.9B | — |
| 股东权益账面价值 | $2.4B | $54.0M |
| 总资产 | $6.0B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.81× | — |
8季度趋势，按日历期对齐
现金及短期投资AVNTTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务AVNTTNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益AVNTTNET
| Q4 25 | $2.4B | $54.0M | ||
| Q3 25 | $2.4B | $110.0M | ||
| Q2 25 | $2.4B | $107.0M | ||
| Q1 25 | $2.3B | $63.0M | ||
| Q4 24 | $2.3B | $69.0M | ||
| Q3 24 | $2.4B | $129.0M | ||
| Q2 24 | $2.3B | $100.0M | ||
| Q1 24 | $2.3B | $143.0M |
总资产AVNTTNET
| Q4 25 | $6.0B | $3.8B | ||
| Q3 25 | $6.1B | $3.4B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $5.8B | $3.8B | ||
| Q4 24 | $5.8B | $4.1B | ||
| Q3 24 | $6.0B | $3.7B | ||
| Q2 24 | $5.9B | $3.7B | ||
| Q1 24 | $5.9B | $4.0B |
负债/权益比AVNTTNET
| Q4 25 | 0.81× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.90× | — |
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 | $167.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $125.4M | $43.0M |
| 自由现金流率自由现金流/营收 | 16.5% | 3.4% |
| 资本支出强度资本支出/营收 | 5.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 9.93× | — |
| 过去12个月自由现金流最近4个季度 | $195.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流AVNTTNET
| Q4 25 | $167.8M | $61.0M | ||
| Q3 25 | $72.1M | $72.0M | ||
| Q2 25 | $112.8M | $75.0M | ||
| Q1 25 | $-51.1M | $95.0M | ||
| Q4 24 | $122.6M | $65.0M | ||
| Q3 24 | $71.1M | $84.0M | ||
| Q2 24 | $105.9M | $39.0M | ||
| Q1 24 | $-42.8M | $91.0M |
自由现金流AVNTTNET
| Q4 25 | $125.4M | $43.0M | ||
| Q3 25 | $47.4M | $55.0M | ||
| Q2 25 | $85.8M | $57.0M | ||
| Q1 25 | $-63.6M | $79.0M | ||
| Q4 24 | $81.5M | $47.0M | ||
| Q3 24 | $46.1M | $59.0M | ||
| Q2 24 | $74.5M | $22.0M | ||
| Q1 24 | $-67.2M | $73.0M |
自由现金流率AVNTTNET
| Q4 25 | 16.5% | 3.4% | ||
| Q3 25 | 5.9% | 4.5% | ||
| Q2 25 | 9.9% | 4.6% | ||
| Q1 25 | -7.7% | 6.1% | ||
| Q4 24 | 10.9% | 3.7% | ||
| Q3 24 | 5.7% | 4.8% | ||
| Q2 24 | 8.8% | 1.8% | ||
| Q1 24 | -8.1% | 5.8% |
资本支出强度AVNTTNET
| Q4 25 | 5.6% | 1.4% | ||
| Q3 25 | 3.1% | 1.4% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 3.1% | 2.0% | ||
| Q2 24 | 3.7% | 1.4% | ||
| Q1 24 | 2.9% | 1.4% |
现金转化率AVNTTNET
| Q4 25 | 9.93× | — | ||
| Q3 25 | 2.21× | 2.12× | ||
| Q2 25 | 2.14× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 2.54× | — | ||
| Q3 24 | 1.86× | 1.87× | ||
| Q2 24 | 3.15× | 0.65× | ||
| Q1 24 | -0.87× | 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
AVNT
| Color Additives And Inks | $466.0M | 61% |
| Specialty Engineered Materials | $295.5M | 39% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
