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BARRETT BUSINESS SERVICES INC（BBSI）与INSPERITY, INC.（NSP）财务数据对比。点击上方公司名可切换其他公司
INSPERITY, INC.的季度营收约是BARRETT BUSINESS SERVICES INC的5.2倍（$1.7B vs $321.1M）。BARRETT BUSINESS SERVICES INC同比增速更快（5.3% vs 3.4%）。INSPERITY, INC.自由现金流更多（$246.0M vs $70.6M）。过去两年BARRETT BUSINESS SERVICES INC的营收复合增速更高（9.9% vs -3.8%）
巴雷特枪械制造公司是一家由澳大利亚控股的美国枪械弹药制造商，总部位于田纳西州克里斯蒂安娜。公司由罗尼·G·巴雷特于1982年创立，最初的业务是研发适配.50 BMG弹药的半自动步枪，该弹药原本为勃朗宁M2重机枪研发设计，公司推出的首款成品枪械即为M82狙击步枪。
Insperity（前身为Administaff）是总部位于美国得克萨斯州休斯顿金伍德区的专业雇主组织（PEO），专注为中小微企业提供人力资源及行政事务外包等相关服务。自2004年起，该企业长期担任冠军巡回赛职业高尔夫赛事的冠名赞助商。
BBSI vs NSP — 直观对比
营收规模更大
NSP
是对方的5.2倍
$321.1M
营收增速更快
BBSI
高出1.9%
3.4%
自由现金流更多
NSP
多$175.4M
$70.6M
两年增速更快
BBSI
近两年复合增速
-3.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $321.1M | $1.7B |
| 净利润 | $16.4M | — |
| 毛利率 | 21.3% | 10.3% |
| 营业利润率 | 5.8% | -2.8% |
| 净利率 | 5.1% | — |
| 营收同比 | 5.3% | 3.4% |
| 净利润同比 | -2.4% | — |
| 每股收益（稀释后） | $0.63 | $-0.87 |
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BBSINSP
| Q4 25 | $321.1M | $1.7B | ||
| Q3 25 | $318.9M | $1.6B | ||
| Q2 25 | $307.7M | $1.7B | ||
| Q1 25 | $292.6M | $1.9B | ||
| Q4 24 | $304.8M | $1.6B | ||
| Q3 24 | $294.3M | $1.6B | ||
| Q2 24 | $279.7M | $1.6B | ||
| Q1 24 | $265.8M | $1.8B |
净利润BBSINSP
| Q4 25 | $16.4M | — | ||
| Q3 25 | $20.6M | $-20.0M | ||
| Q2 25 | $18.5M | $-5.0M | ||
| Q1 25 | $-1.0M | $51.0M | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $19.6M | $3.0M | ||
| Q2 24 | $16.7M | $18.0M | ||
| Q1 24 | $-136.0K | $79.0M |
毛利率BBSINSP
| Q4 25 | 21.3% | 10.3% | ||
| Q3 25 | 24.1% | 12.0% | ||
| Q2 25 | 23.8% | 13.4% | ||
| Q1 25 | 14.6% | 16.6% | ||
| Q4 24 | 23.4% | 13.5% | ||
| Q3 24 | 25.3% | 14.7% | ||
| Q2 24 | 24.3% | 16.2% | ||
| Q1 24 | 14.9% | 19.1% |
营业利润率BBSINSP
| Q4 25 | 5.8% | -2.8% | ||
| Q3 25 | 7.8% | -1.5% | ||
| Q2 25 | 7.5% | -0.4% | ||
| Q1 25 | -1.4% | 3.7% | ||
| Q4 24 | 6.8% | -0.9% | ||
| Q3 24 | 8.0% | 0.1% | ||
| Q2 24 | 7.3% | 1.4% | ||
| Q1 24 | -1.8% | 6.0% |
净利率BBSINSP
| Q4 25 | 5.1% | — | ||
| Q3 25 | 6.5% | -1.2% | ||
| Q2 25 | 6.0% | -0.3% | ||
| Q1 25 | -0.3% | 2.7% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 6.7% | 0.2% | ||
| Q2 24 | 6.0% | 1.1% | ||
| Q1 24 | -0.1% | 4.4% |
每股收益（稀释后）BBSINSP
| Q4 25 | $0.63 | $-0.87 | ||
| Q3 25 | $0.79 | $-0.53 | ||
| Q2 25 | $0.70 | $-0.14 | ||
| Q1 25 | $-0.04 | $1.35 | ||
| Q4 24 | $0.63 | $-0.21 | ||
| Q3 24 | $0.74 | $0.07 | ||
| Q2 24 | $0.62 | $0.48 | ||
| Q1 24 | $-0.01 | $2.08 |
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 | $157.2M | $682.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $241.0M | $46.0M |
| 总资产 | $779.1M | $2.2B |
| 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BBSINSP
| Q4 25 | $157.2M | $682.0M | ||
| Q3 25 | $109.8M | $521.0M | ||
| Q2 25 | $90.4M | $511.0M | ||
| Q1 25 | $99.1M | $684.0M | ||
| Q4 24 | $121.9M | $1.2B | ||
| Q3 24 | $14.4M | $596.0M | ||
| Q2 24 | $40.3M | $850.0M | ||
| Q1 24 | $51.3M | $801.0M |
股东权益BBSINSP
| Q4 25 | $241.0M | $46.0M | ||
| Q3 25 | $240.1M | $87.0M | ||
| Q2 25 | $225.8M | $112.0M | ||
| Q1 25 | $213.4M | $119.0M | ||
| Q4 24 | $221.4M | $97.0M | ||
| Q3 24 | $215.4M | $125.0M | ||
| Q2 24 | $199.0M | $142.0M | ||
| Q1 24 | $189.6M | $140.0M |
总资产BBSINSP
| Q4 25 | $779.1M | $2.2B | ||
| Q3 25 | $777.9M | $2.0B | ||
| Q2 25 | $713.6M | $2.0B | ||
| Q1 25 | $778.6M | $2.1B | ||
| Q4 24 | $745.5M | $2.6B | ||
| Q3 24 | $725.8M | $1.9B | ||
| Q2 24 | $688.6M | $2.1B | ||
| Q1 24 | $747.8M | $2.1B |
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 | $76.1M | $255.0M |
| 自由现金流经营现金流 - 资本支出 | $70.6M | $246.0M |
| 自由现金流率自由现金流/营收 | 22.0% | 14.7% |
| 资本支出强度资本支出/营收 | 1.7% | 0.5% |
| 现金转化率经营现金流/净利润 | 4.64× | — |
| 过去12个月自由现金流最近4个季度 | $47.2M | $-309.0M |
8季度趋势，按日历期对齐
经营现金流BBSINSP
| Q4 25 | $76.1M | $255.0M | ||
| Q3 25 | $38.4M | $-11.0M | ||
| Q2 25 | $-53.8M | $-79.0M | ||
| Q1 25 | $5.2M | $-443.0M | ||
| Q4 24 | $53.4M | $619.0M | ||
| Q3 24 | $-935.0K | $-150.0M | ||
| Q2 24 | $-51.3M | $20.0M | ||
| Q1 24 | $9.0M | $31.0M |
自由现金流BBSINSP
| Q4 25 | $70.6M | $246.0M | ||
| Q3 25 | $34.1M | $-20.0M | ||
| Q2 25 | $-58.2M | $-86.0M | ||
| Q1 25 | $697.0K | $-449.0M | ||
| Q4 24 | $50.2M | $606.0M | ||
| Q3 24 | $-4.2M | $-164.0M | ||
| Q2 24 | $-56.3M | $14.0M | ||
| Q1 24 | $6.2M | $26.0M |
自由现金流率BBSINSP
| Q4 25 | 22.0% | 14.7% | ||
| Q3 25 | 10.7% | -1.2% | ||
| Q2 25 | -18.9% | -5.2% | ||
| Q1 25 | 0.2% | -24.1% | ||
| Q4 24 | 16.5% | 37.6% | ||
| Q3 24 | -1.4% | -10.5% | ||
| Q2 24 | -20.1% | 0.9% | ||
| Q1 24 | 2.3% | 1.4% |
资本支出强度BBSINSP
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | 1.4% | 0.6% | ||
| Q2 25 | 1.4% | 0.4% | ||
| Q1 25 | 1.5% | 0.3% | ||
| Q4 24 | 1.0% | 0.8% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 1.8% | 0.4% | ||
| Q1 24 | 1.0% | 0.3% |
现金转化率BBSINSP
| Q4 25 | 4.64× | — | ||
| Q3 25 | 1.86× | — | ||
| Q2 25 | -2.92× | — | ||
| Q1 25 | — | -8.69× | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | -0.05× | -50.00× | ||
| Q2 24 | -3.07× | 1.11× | ||
| Q1 24 | — | 0.39× |
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
BBSI
| Professional Employer Services | $303.6M | 95% |
| Staffing Services | $17.6M | 5% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
