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AXIS CAPITAL HOLDINGS LTD（AXS）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
AXIS CAPITAL HOLDINGS LTD的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），AXIS CAPITAL HOLDINGS LTD同比增速更快（8.0% vs -2.2%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（6.4% vs -0.6%）
AXIS资本控股有限公司是AXIS集团的控股主体，通过百慕大、美国、加拿大、欧洲及新加坡的子公司与分支机构网络，提供各类风险转移产品及服务。保险业务覆盖财产、职业责任、恐怖主义、航运、能源、环境等领域，再保险业务包含财产、职业责任、信用债券等品类。
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。
AXS vs TNET — 直观对比
营收规模更大
AXS
是对方的1.3倍
$1.2B
营收增速更快
AXS
高出10.2%
-2.2%
两年增速更快
AXS
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $254.8M | — |
| 毛利率 | — | — |
| 营业利润率 | 15.6% | 0.1% |
| 净利率 | 15.5% | — |
| 营收同比 | 8.0% | -2.2% |
| 净利润同比 | 31.3% | — |
| 每股收益（稀释后） | — | $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AXSTNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B |
净利润AXSTNET
| Q1 26 | $254.8M | — | ||
| Q4 25 | $289.6M | — | ||
| Q3 25 | $301.9M | $34.0M | ||
| Q2 25 | $223.4M | $37.0M | ||
| Q1 25 | $194.1M | $85.0M | ||
| Q4 24 | $293.6M | — | ||
| Q3 24 | $180.7M | $45.0M | ||
| Q2 24 | $212.0M | $60.0M |
营业利润率AXSTNET
| Q1 26 | 15.6% | — | ||
| Q4 25 | 19.0% | 0.1% | ||
| Q3 25 | 22.1% | 4.1% | ||
| Q2 25 | 17.2% | 4.1% | ||
| Q1 25 | 15.5% | 8.9% | ||
| Q4 24 | 18.6% | -2.9% | ||
| Q3 24 | 14.2% | 4.7% | ||
| Q2 24 | 17.4% | 6.5% |
净利率AXSTNET
| Q1 26 | 15.5% | — | ||
| Q4 25 | 16.7% | — | ||
| Q3 25 | 18.0% | 2.8% | ||
| Q2 25 | 13.7% | 3.0% | ||
| Q1 25 | 12.8% | 6.6% | ||
| Q4 24 | 20.0% | — | ||
| Q3 24 | 11.2% | 3.6% | ||
| Q2 24 | 14.6% | 4.9% |
每股收益（稀释后）AXSTNET
| Q1 26 | — | — | ||
| Q4 25 | $3.63 | $0.02 | ||
| Q3 25 | $3.74 | $0.70 | ||
| Q2 25 | $2.72 | $0.77 | ||
| Q1 25 | $2.26 | $1.71 | ||
| Q4 24 | $3.38 | $-0.44 | ||
| Q3 24 | $2.04 | $0.89 | ||
| Q2 24 | $2.40 | $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 | $862.5M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $54.0M |
| 总资产 | $35.6B | $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AXSTNET
| Q1 26 | $862.5M | — | ||
| Q4 25 | $820.3M | $287.0M | ||
| Q3 25 | $825.9M | $321.0M | ||
| Q2 25 | $852.1M | $407.0M | ||
| Q1 25 | $2.8B | $349.0M | ||
| Q4 24 | $2.1B | $360.0M | ||
| Q3 24 | $981.0M | $301.0M | ||
| Q2 24 | $1.1B | $249.0M |
股东权益AXSTNET
| Q1 26 | $6.4B | — | ||
| Q4 25 | $6.4B | $54.0M | ||
| Q3 25 | $6.4B | $110.0M | ||
| Q2 25 | $6.2B | $107.0M | ||
| Q1 25 | $5.9B | $63.0M | ||
| Q4 24 | $6.1B | $69.0M | ||
| Q3 24 | $6.1B | $129.0M | ||
| Q2 24 | $5.7B | $100.0M |
总资产AXSTNET
| Q1 26 | $35.6B | — | ||
| Q4 25 | $34.5B | $3.8B | ||
| Q3 25 | $34.3B | $3.4B | ||
| Q2 25 | $34.2B | $3.7B | ||
| Q1 25 | $33.2B | $3.8B | ||
| Q4 24 | $32.5B | $4.1B | ||
| Q3 24 | $32.7B | $3.7B | ||
| Q2 24 | $32.1B | $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 | — | $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 | — | — |
| 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AXSTNET
| Q1 26 | — | — | ||
| Q4 25 | $630.4M | $61.0M | ||
| Q3 25 | $673.8M | $72.0M | ||
| Q2 25 | $-1.7B | $75.0M | ||
| Q1 25 | $309.1M | $95.0M | ||
| Q4 24 | $355.5M | $65.0M | ||
| Q3 24 | $587.0M | $84.0M | ||
| Q2 24 | $518.1M | $39.0M |
自由现金流AXSTNET
| Q1 26 | — | — | ||
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M |
自由现金流率AXSTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% |
资本支出强度AXSTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% |
现金转化率AXSTNET
| Q1 26 | — | — | ||
| Q4 25 | 2.18× | — | ||
| Q3 25 | 2.23× | 2.12× | ||
| Q2 25 | -7.41× | 2.03× | ||
| Q1 25 | 1.59× | 1.12× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 3.25× | 1.87× | ||
| Q2 24 | 2.44× | 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
AXS
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
