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Bloom Energy Corp（BE）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Bloom Energy Corp的1.7倍（$1.2B vs $751.1M），TRINET GROUP, INC.同比增速更快（-2.2% vs -3.4%），过去两年Bloom Energy Corp的营收复合增速更高（51.7% vs -0.6%）
Bloom Energy Corp是一家能源技术企业，由印裔美国工程师、发明家、企业家KR·斯里达尔创立，他同时担任公司董事长兼首席执行官。斯里达尔此前曾任亚利桑那大学航空航天与机械工程教授、空间技术实验室主任，曾为NASA提供顾问服务，现为美国国家工程院院士。
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。
BE vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$751.1M
营收增速更快
TNET
高出1.2%
-3.4%
两年增速更快
BE
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.1M | $1.2B |
| 净利润 | $70.7M | — |
| 毛利率 | 30.0% | — |
| 营业利润率 | 17.3% | 0.1% |
| 净利率 | 9.4% | — |
| 营收同比 | -3.4% | -2.2% |
| 净利润同比 | 396.7% | — |
| 每股收益（稀释后） | $0.44 | $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BETNET
| Q1 26 | $751.1M | — | ||
| Q4 25 | $772.8M | $1.2B | ||
| Q3 25 | $513.3M | $1.2B | ||
| Q2 25 | $396.3M | $1.2B | ||
| Q1 25 | $319.3M | $1.3B | ||
| Q4 24 | $567.0M | $1.3B | ||
| Q3 24 | $321.8M | $1.2B | ||
| Q2 24 | $326.5M | $1.2B |
净利润BETNET
| Q1 26 | $70.7M | — | ||
| Q4 25 | $1.4M | — | ||
| Q3 25 | $-23.0M | $34.0M | ||
| Q2 25 | $-42.2M | $37.0M | ||
| Q1 25 | $-23.4M | $85.0M | ||
| Q4 24 | $105.2M | — | ||
| Q3 24 | $-14.6M | $45.0M | ||
| Q2 24 | $-61.2M | $60.0M |
毛利率BETNET
| Q1 26 | 30.0% | — | ||
| Q4 25 | 31.0% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 27.0% | — | ||
| Q1 25 | 27.8% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 21.0% | — |
营业利润率BETNET
| Q1 26 | 17.3% | — | ||
| Q4 25 | 11.3% | 0.1% | ||
| Q3 25 | 1.5% | 4.1% | ||
| Q2 25 | -0.9% | 4.1% | ||
| Q1 25 | -6.0% | 8.9% | ||
| Q4 24 | 18.5% | -2.9% | ||
| Q3 24 | -3.0% | 4.7% | ||
| Q2 24 | -7.1% | 6.5% |
净利率BETNET
| Q1 26 | 9.4% | — | ||
| Q4 25 | 0.2% | — | ||
| Q3 25 | -4.5% | 2.8% | ||
| Q2 25 | -10.6% | 3.0% | ||
| Q1 25 | -7.3% | 6.6% | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | -4.5% | 3.6% | ||
| Q2 24 | -18.7% | 4.9% |
每股收益（稀释后）BETNET
| Q1 26 | $0.44 | — | ||
| Q4 25 | $99.91 | $0.02 | ||
| Q3 25 | $-100.00 | $0.70 | ||
| Q2 25 | $-0.18 | $0.77 | ||
| Q1 25 | $-0.10 | $1.71 | ||
| Q4 24 | $0.45 | $-0.44 | ||
| Q3 24 | $-0.06 | $0.89 | ||
| Q2 24 | $-0.27 | $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 | — | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $948.0K | $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BETNET
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $287.0M | ||
| Q3 25 | $595.1M | $321.0M | ||
| Q2 25 | $574.8M | $407.0M | ||
| Q1 25 | $794.8M | $349.0M | ||
| Q4 24 | $802.9M | $360.0M | ||
| Q3 24 | $495.7M | $301.0M | ||
| Q2 24 | $581.7M | $249.0M |
总债务BETNET
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
股东权益BETNET
| Q1 26 | $948.0K | — | ||
| Q4 25 | $768.6M | $54.0M | ||
| Q3 25 | $653.1M | $110.0M | ||
| Q2 25 | $594.6M | $107.0M | ||
| Q1 25 | $578.3M | $63.0M | ||
| Q4 24 | $562.5M | $69.0M | ||
| Q3 24 | $430.9M | $129.0M | ||
| Q2 24 | $423.3M | $100.0M |
总资产BETNET
| Q1 26 | $4.7B | — | ||
| Q4 25 | $4.4B | $3.8B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.7B | $4.1B | ||
| Q3 24 | $2.6B | $3.7B | ||
| Q2 24 | $2.5B | $3.7B |
负债/权益比BETNET
| Q1 26 | — | — | ||
| Q4 25 | 3.41× | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 1.96× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 2.62× | — | ||
| Q2 24 | 2.66× | — |
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BETNET
| Q1 26 | — | — | ||
| Q4 25 | $418.1M | $61.0M | ||
| Q3 25 | $19.7M | $72.0M | ||
| Q2 25 | $-213.1M | $75.0M | ||
| Q1 25 | $-110.7M | $95.0M | ||
| Q4 24 | $484.2M | $65.0M | ||
| Q3 24 | $-69.5M | $84.0M | ||
| Q2 24 | $-175.5M | $39.0M |
自由现金流BETNET
| Q1 26 | — | — | ||
| Q4 25 | $395.1M | $43.0M | ||
| Q3 25 | $7.4M | $55.0M | ||
| Q2 25 | $-220.4M | $57.0M | ||
| Q1 25 | $-124.9M | $79.0M | ||
| Q4 24 | $473.1M | $47.0M | ||
| Q3 24 | $-83.8M | $59.0M | ||
| Q2 24 | $-187.5M | $22.0M |
自由现金流率BETNET
| Q1 26 | — | — | ||
| Q4 25 | 51.1% | 3.4% | ||
| Q3 25 | 1.4% | 4.5% | ||
| Q2 25 | -55.6% | 4.6% | ||
| Q1 25 | -39.1% | 6.1% | ||
| Q4 24 | 83.4% | 3.7% | ||
| Q3 24 | -26.0% | 4.8% | ||
| Q2 24 | -57.4% | 1.8% |
资本支出强度BETNET
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.4% | ||
| Q3 25 | 2.4% | 1.4% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 4.5% | 1.2% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 4.4% | 2.0% | ||
| Q2 24 | 3.7% | 1.4% |
现金转化率BETNET
| Q1 26 | — | — | ||
| Q4 25 | 293.18× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 4.60× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 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
BE
| Product | $653.3M | 87% |
| Service | $61.9M | 8% |
| Installation | $25.9M | 3% |
| Electricity | $9.9M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
