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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）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BRIGHT HORIZONS FAMILY SOLUTIONS INC.的1.7倍（$1.2B vs $733.7M），BRIGHT HORIZONS FAMILY SOLUTIONS INC.同比增速更快（8.8% vs -2.2%），BRIGHT HORIZONS FAMILY SOLUTIONS INC.自由现金流更多（$258.5M vs $43.0M），过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs -0.6%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
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。
BFAM vs TNET — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $1.2B |
| 净利润 | — | — |
| 毛利率 | 19.3% | — |
| 营业利润率 | 6.2% | 0.1% |
| 净利率 | — | — |
| 营收同比 | 8.8% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.38 | $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
| Q4 25 | $733.7M | $1.2B | ||
| Q3 25 | $802.8M | $1.2B | ||
| Q2 25 | $731.6M | $1.2B | ||
| Q1 25 | $665.5M | $1.3B | ||
| Q4 24 | $674.1M | $1.3B | ||
| Q3 24 | $719.1M | $1.2B | ||
| Q2 24 | $670.1M | $1.2B | ||
| Q1 24 | $622.7M | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | $78.6M | $34.0M | ||
| Q2 25 | $54.8M | $37.0M | ||
| Q1 25 | $38.0M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $54.9M | $45.0M | ||
| Q2 24 | $39.2M | $60.0M | ||
| Q1 24 | $17.0M | $91.0M |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 6.2% | 0.1% | ||
| Q3 25 | 15.1% | 4.1% | ||
| Q2 25 | 11.8% | 4.1% | ||
| Q1 25 | 9.4% | 8.9% | ||
| Q4 24 | 7.2% | -2.9% | ||
| Q3 24 | 12.4% | 4.7% | ||
| Q2 24 | 10.3% | 6.5% | ||
| Q1 24 | 6.4% | 9.7% |
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | 2.8% | ||
| Q2 25 | 7.5% | 3.0% | ||
| Q1 25 | 5.7% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.6% | 3.6% | ||
| Q2 24 | 5.8% | 4.9% | ||
| Q1 24 | 2.7% | 7.2% |
| Q4 25 | $0.38 | $0.02 | ||
| Q3 25 | $1.37 | $0.70 | ||
| Q2 25 | $0.95 | $0.77 | ||
| Q1 25 | $0.66 | $1.71 | ||
| Q4 24 | $0.50 | $-0.44 | ||
| Q3 24 | $0.94 | $0.89 | ||
| Q2 24 | $0.67 | $1.20 | ||
| Q1 24 | $0.29 | $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 | $140.1M | $287.0M |
| 总债务越低越好 | $747.6M | — |
| 股东权益账面价值 | $1.3B | $54.0M |
| 总资产 | $3.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.56× | — |
8季度趋势，按日历期对齐
| Q4 25 | $140.1M | $287.0M | ||
| Q3 25 | $116.6M | $321.0M | ||
| Q2 25 | $179.2M | $407.0M | ||
| Q1 25 | $112.0M | $349.0M | ||
| Q4 24 | $110.3M | $360.0M | ||
| Q3 24 | $109.9M | $301.0M | ||
| Q2 24 | $140.2M | $249.0M | ||
| Q1 24 | $63.7M | $383.0M |
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
| Q4 25 | $1.3B | $54.0M | ||
| Q3 25 | $1.4B | $110.0M | ||
| Q2 25 | $1.4B | $107.0M | ||
| Q1 25 | $1.3B | $63.0M | ||
| Q4 24 | $1.3B | $69.0M | ||
| Q3 24 | $1.4B | $129.0M | ||
| Q2 24 | $1.3B | $100.0M | ||
| Q1 24 | $1.2B | $143.0M |
| Q4 25 | $3.9B | $3.8B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | $3.8B | $3.8B | ||
| Q4 24 | $3.9B | $4.1B | ||
| Q3 24 | $3.9B | $3.7B | ||
| Q2 24 | $3.8B | $3.7B | ||
| Q1 24 | $3.8B | $4.0B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $258.5M | $43.0M |
| 自由现金流率自由现金流/营收 | 35.2% | 3.4% |
| 资本支出强度资本支出/营收 | 12.6% | 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 | $402.4M | $234.0M |
8季度趋势，按日历期对齐
| Q4 25 | $350.7M | $61.0M | ||
| Q3 25 | $-17.6M | $72.0M | ||
| Q2 25 | $134.2M | $75.0M | ||
| Q1 25 | $86.2M | $95.0M | ||
| Q4 24 | $337.5M | $65.0M | ||
| Q3 24 | $-8.9M | $84.0M | ||
| Q2 24 | $109.4M | $39.0M | ||
| Q1 24 | $116.3M | $91.0M |
| Q4 25 | $258.5M | $43.0M | ||
| Q3 25 | $-42.4M | $55.0M | ||
| Q2 25 | $115.4M | $57.0M | ||
| Q1 25 | $70.9M | $79.0M | ||
| Q4 24 | $240.2M | $47.0M | ||
| Q3 24 | $-32.2M | $59.0M | ||
| Q2 24 | $86.8M | $22.0M | ||
| Q1 24 | $96.9M | $73.0M |
| Q4 25 | 35.2% | 3.4% | ||
| Q3 25 | -5.3% | 4.5% | ||
| Q2 25 | 15.8% | 4.6% | ||
| Q1 25 | 10.7% | 6.1% | ||
| Q4 24 | 35.6% | 3.7% | ||
| Q3 24 | -4.5% | 4.8% | ||
| Q2 24 | 13.0% | 1.8% | ||
| Q1 24 | 15.6% | 5.8% |
| Q4 25 | 12.6% | 1.4% | ||
| Q3 25 | 3.1% | 1.4% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.3% | 1.2% | ||
| Q4 24 | 14.4% | 1.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 3.4% | 1.4% | ||
| Q1 24 | 3.1% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | 2.12× | ||
| Q2 25 | 2.45× | 2.03× | ||
| Q1 25 | 2.26× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | 1.87× | ||
| Q2 24 | 2.79× | 0.65× | ||
| Q1 24 | 6.85× | 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
BFAM
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
