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ACUITY INC. (DE)（AYI）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ACUITY INC. (DE)的1.1倍（$1.2B vs $1.1B），ACUITY INC. (DE)同比增速更快（20.2% vs -2.2%），ACUITY INC. (DE)自由现金流更多（$114.8M vs $43.0M），过去两年ACUITY INC. (DE)的营收复合增速更高（12.4% vs -0.6%）
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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。
AYI vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.1B
营收增速更快
AYI
高出22.4%
-2.2%
自由现金流更多
AYI
多$71.8M
$43.0M
两年增速更快
AYI
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $120.5M | — |
| 毛利率 | 48.4% | — |
| 营业利润率 | 14.0% | 0.1% |
| 净利率 | 10.5% | — |
| 营收同比 | 20.2% | -2.2% |
| 净利润同比 | 12.9% | — |
| 每股收益（稀释后） | $3.82 | $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AYITNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $951.6M | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $968.1M | $1.2B | ||
| Q1 24 | $905.9M | $1.3B |
净利润AYITNET
| Q4 25 | $120.5M | — | ||
| Q3 25 | $114.0M | $34.0M | ||
| Q2 25 | $98.4M | $37.0M | ||
| Q1 25 | $77.5M | $85.0M | ||
| Q4 24 | $106.7M | — | ||
| Q3 24 | $118.9M | $45.0M | ||
| Q2 24 | $113.9M | $60.0M | ||
| Q1 24 | $89.2M | $91.0M |
毛利率AYITNET
| Q4 25 | 48.4% | — | ||
| Q3 25 | 48.9% | — | ||
| Q2 25 | 48.4% | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 47.2% | — | ||
| Q3 24 | 47.3% | — | ||
| Q2 24 | 46.7% | — | ||
| Q1 24 | 45.5% | — |
营业利润率AYITNET
| Q4 25 | 14.0% | 0.1% | ||
| Q3 25 | 14.9% | 4.1% | ||
| Q2 25 | 11.9% | 4.1% | ||
| Q1 25 | 11.0% | 8.9% | ||
| Q4 24 | 14.0% | -2.9% | ||
| Q3 24 | 15.2% | 4.7% | ||
| Q2 24 | 15.0% | 6.5% | ||
| Q1 24 | 13.0% | 9.7% |
净利率AYITNET
| Q4 25 | 10.5% | — | ||
| Q3 25 | 9.4% | 2.8% | ||
| Q2 25 | 8.3% | 3.0% | ||
| Q1 25 | 7.7% | 6.6% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 11.5% | 3.6% | ||
| Q2 24 | 11.8% | 4.9% | ||
| Q1 24 | 9.8% | 7.2% |
每股收益（稀释后）AYITNET
| Q4 25 | $3.82 | $0.02 | ||
| Q3 25 | $3.61 | $0.70 | ||
| Q2 25 | $3.12 | $0.77 | ||
| Q1 25 | $2.45 | $1.71 | ||
| Q4 24 | $3.35 | $-0.44 | ||
| Q3 24 | $3.77 | $0.89 | ||
| Q2 24 | $3.62 | $1.20 | ||
| Q1 24 | $2.84 | $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 | $376.1M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $54.0M |
| 总资产 | $4.7B | $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AYITNET
| Q4 25 | $376.1M | $287.0M | ||
| Q3 25 | $422.5M | $321.0M | ||
| Q2 25 | $371.8M | $407.0M | ||
| Q1 25 | $397.9M | $349.0M | ||
| Q4 24 | $935.6M | $360.0M | ||
| Q3 24 | $845.8M | $301.0M | ||
| Q2 24 | $699.0M | $249.0M | ||
| Q1 24 | $578.9M | $383.0M |
股东权益AYITNET
| Q4 25 | $2.8B | $54.0M | ||
| Q3 25 | $2.7B | $110.0M | ||
| Q2 25 | $2.6B | $107.0M | ||
| Q1 25 | $2.5B | $63.0M | ||
| Q4 24 | $2.5B | $69.0M | ||
| Q3 24 | $2.4B | $129.0M | ||
| Q2 24 | $2.3B | $100.0M | ||
| Q1 24 | $2.1B | $143.0M |
总资产AYITNET
| Q4 25 | $4.7B | $3.8B | ||
| Q3 25 | $4.8B | $3.4B | ||
| Q2 25 | $4.6B | $3.7B | ||
| Q1 25 | $4.6B | $3.8B | ||
| Q4 24 | $3.9B | $4.1B | ||
| Q3 24 | $3.8B | $3.7B | ||
| Q2 24 | $3.6B | $3.7B | ||
| Q1 24 | $3.5B | $4.0B |
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 | $140.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $114.8M | $43.0M |
| 自由现金流率自由现金流/营收 | 10.0% | 3.4% |
| 资本支出强度资本支出/营收 | 2.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.17× | — |
| 过去12个月自由现金流最近4个季度 | $534.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流AYITNET
| Q4 25 | $140.8M | $61.0M | ||
| Q3 25 | $202.5M | $72.0M | ||
| Q2 25 | $207.3M | $75.0M | ||
| Q1 25 | $59.4M | $95.0M | ||
| Q4 24 | $132.2M | $65.0M | ||
| Q3 24 | $174.1M | $84.0M | ||
| Q2 24 | $152.5M | $39.0M | ||
| Q1 24 | $102.6M | $91.0M |
自由现金流AYITNET
| Q4 25 | $114.8M | $43.0M | ||
| Q3 25 | $177.7M | $55.0M | ||
| Q2 25 | $192.3M | $57.0M | ||
| Q1 25 | $49.7M | $79.0M | ||
| Q4 24 | $113.3M | $47.0M | ||
| Q3 24 | $151.1M | $59.0M | ||
| Q2 24 | $140.5M | $22.0M | ||
| Q1 24 | $88.2M | $73.0M |
自由现金流率AYITNET
| Q4 25 | 10.0% | 3.4% | ||
| Q3 25 | 14.7% | 4.5% | ||
| Q2 25 | 16.3% | 4.6% | ||
| Q1 25 | 4.9% | 6.1% | ||
| Q4 24 | 11.9% | 3.7% | ||
| Q3 24 | 14.6% | 4.8% | ||
| Q2 24 | 14.5% | 1.8% | ||
| Q1 24 | 9.7% | 5.8% |
资本支出强度AYITNET
| Q4 25 | 2.3% | 1.4% | ||
| Q3 25 | 2.1% | 1.4% | ||
| Q2 25 | 1.3% | 1.5% | ||
| Q1 25 | 1.0% | 1.2% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 2.2% | 2.0% | ||
| Q2 24 | 1.2% | 1.4% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率AYITNET
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.78× | 2.12× | ||
| Q2 25 | 2.11× | 2.03× | ||
| Q1 25 | 0.77× | 1.12× | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.46× | 1.87× | ||
| Q2 24 | 1.34× | 0.65× | ||
| Q1 24 | 1.15× | 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
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
