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BOISE CASCADE Co（BCC）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
BOISE CASCADE Co的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -6.8%），BOISE CASCADE Co自由现金流更多（$77.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -5.8%）
博伊西卡斯卡德公司是总部位于美国爱达荷州博伊西的企业，主营木制品制造与建筑材料批发分销业务，产品覆盖各类建筑用木材及相关建材，为建筑行业客户提供稳定的供应链支持。
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。
BCC vs TNET — 直观对比
营收规模更大
BCC
是对方的1.2倍
$1.2B
营收增速更快
TNET
高出4.7%
-6.8%
自由现金流更多
BCC
多$34.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $8.7M | — |
| 毛利率 | — | — |
| 营业利润率 | 1.1% | 0.1% |
| 净利率 | 0.6% | — |
| 营收同比 | -6.8% | -2.2% |
| 净利润同比 | -87.3% | — |
| 每股收益（稀释后） | $0.25 | $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BCCTNET
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.6B | $1.3B |
净利润BCCTNET
| Q4 25 | $8.7M | — | ||
| Q3 25 | $21.8M | $34.0M | ||
| Q2 25 | $62.0M | $37.0M | ||
| Q1 25 | $40.3M | $85.0M | ||
| Q4 24 | $68.9M | — | ||
| Q3 24 | $91.0M | $45.0M | ||
| Q2 24 | $112.3M | $60.0M | ||
| Q1 24 | $104.1M | $91.0M |
营业利润率BCCTNET
| Q4 25 | 1.1% | 0.1% | ||
| Q3 25 | 1.9% | 4.1% | ||
| Q2 25 | 4.6% | 4.1% | ||
| Q1 25 | 3.5% | 8.9% | ||
| Q4 24 | 5.9% | -2.9% | ||
| Q3 24 | 6.8% | 4.7% | ||
| Q2 24 | 8.2% | 6.5% | ||
| Q1 24 | 8.1% | 9.7% |
净利率BCCTNET
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.3% | 2.8% | ||
| Q2 25 | 3.6% | 3.0% | ||
| Q1 25 | 2.6% | 6.6% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 5.3% | 3.6% | ||
| Q2 24 | 6.2% | 4.9% | ||
| Q1 24 | 6.3% | 7.2% |
每股收益（稀释后）BCCTNET
| Q4 25 | $0.25 | $0.02 | ||
| Q3 25 | $0.58 | $0.70 | ||
| Q2 25 | $1.64 | $0.77 | ||
| Q1 25 | $1.06 | $1.71 | ||
| Q4 24 | $1.79 | $-0.44 | ||
| Q3 24 | $2.33 | $0.89 | ||
| Q2 24 | $2.84 | $1.20 | ||
| Q1 24 | $2.61 | $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 | $477.2M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $54.0M |
| 总资产 | $3.2B | $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BCCTNET
| Q4 25 | $477.2M | $287.0M | ||
| Q3 25 | $511.8M | $321.0M | ||
| Q2 25 | $481.0M | $407.0M | ||
| Q1 25 | $561.8M | $349.0M | ||
| Q4 24 | $713.3M | $360.0M | ||
| Q3 24 | $761.6M | $301.0M | ||
| Q2 24 | $922.1M | $249.0M | ||
| Q1 24 | $890.2M | $383.0M |
股东权益BCCTNET
| Q4 25 | $2.1B | $54.0M | ||
| Q3 25 | $2.1B | $110.0M | ||
| Q2 25 | $2.2B | $107.0M | ||
| Q1 25 | $2.1B | $63.0M | ||
| Q4 24 | $2.2B | $69.0M | ||
| Q3 24 | $2.1B | $129.0M | ||
| Q2 24 | $2.3B | $100.0M | ||
| Q1 24 | $2.3B | $143.0M |
总资产BCCTNET
| Q4 25 | $3.2B | $3.8B | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.5B | $3.8B | ||
| Q4 24 | $3.4B | $4.1B | ||
| Q3 24 | $3.4B | $3.7B | ||
| Q2 24 | $3.7B | $3.7B | ||
| Q1 24 | $3.6B | $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 | $131.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $77.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 5.3% | 3.4% |
| 资本支出强度资本支出/营收 | 3.7% | 1.4% |
| 现金转化率经营现金流/净利润 | 15.00× | — |
| 过去12个月自由现金流最近4个季度 | $12.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流BCCTNET
| Q4 25 | $131.0M | $61.0M | ||
| Q3 25 | $118.4M | $72.0M | ||
| Q2 25 | $33.2M | $75.0M | ||
| Q1 25 | $-28.5M | $95.0M | ||
| Q4 24 | $94.6M | $65.0M | ||
| Q3 24 | $174.6M | $84.0M | ||
| Q2 24 | $141.7M | $39.0M | ||
| Q1 24 | $27.5M | $91.0M |
自由现金流BCCTNET
| Q4 25 | $77.0M | $43.0M | ||
| Q3 25 | $63.2M | $55.0M | ||
| Q2 25 | $-45.9M | $57.0M | ||
| Q1 25 | $-81.7M | $79.0M | ||
| Q4 24 | $759.0K | $47.0M | ||
| Q3 24 | $112.9M | $59.0M | ||
| Q2 24 | $101.9M | $22.0M | ||
| Q1 24 | $-6.9M | $73.0M |
自由现金流率BCCTNET
| Q4 25 | 5.3% | 3.4% | ||
| Q3 25 | 3.8% | 4.5% | ||
| Q2 25 | -2.6% | 4.6% | ||
| Q1 25 | -5.3% | 6.1% | ||
| Q4 24 | 0.0% | 3.7% | ||
| Q3 24 | 6.6% | 4.8% | ||
| Q2 24 | 5.7% | 1.8% | ||
| Q1 24 | -0.4% | 5.8% |
资本支出强度BCCTNET
| Q4 25 | 3.7% | 1.4% | ||
| Q3 25 | 3.3% | 1.4% | ||
| Q2 25 | 4.5% | 1.5% | ||
| Q1 25 | 3.5% | 1.2% | ||
| Q4 24 | 6.0% | 1.4% | ||
| Q3 24 | 3.6% | 2.0% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 2.1% | 1.4% |
现金转化率BCCTNET
| Q4 25 | 15.00× | — | ||
| Q3 25 | 5.44× | 2.12× | ||
| Q2 25 | 0.54× | 2.03× | ||
| Q1 25 | -0.71× | 1.12× | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 1.92× | 1.87× | ||
| Q2 24 | 1.26× | 0.65× | ||
| Q1 24 | 0.26× | 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
BCC
| General Line | $626.6M | 43% |
| Commodity Product Line | $479.9M | 33% |
| Engineered Wood Products | $256.6M | 18% |
| Plywood And Veneer | $53.3M | 4% |
| Lumber | $10.1M | 1% |
| Laminated Veneer Lumber | $8.9M | 1% |
| Other Wood Products | $4.7M | 0% |
| Other Engineered Wood Products | $3.5M | 0% |
| Ijoists | $3.3M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
