vs
Brookdale Senior Living Inc.（BKD）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Brookdale Senior Living Inc.的1.7倍（$1.2B vs $754.1M），TRINET GROUP, INC.同比增速更快（-2.2% vs -3.4%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-29.1M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -1.9%）
布鲁克代尔老年生活公司成立于1978年，总部位于美国田纳西州布伦特伍德，是美国规模最大的老年住宅运营商，业务覆盖全美各地的养老社区，目前服务超过6万名入住老年人。
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。
BKD vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$754.1M
营收增速更快
TNET
高出1.2%
-3.4%
自由现金流更多
TNET
多$72.1M
$-29.1M
两年增速更快
TNET
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $754.1M | $1.2B |
| 净利润 | $-40.0M | — |
| 毛利率 | 24.9% | — |
| 营业利润率 | 3.0% | 0.1% |
| 净利率 | -5.3% | — |
| 营收同比 | -3.4% | -2.2% |
| 净利润同比 | 52.4% | — |
| 每股收益（稀释后） | $-0.18 | $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BKDTNET
| Q4 25 | $754.1M | $1.2B | ||
| Q3 25 | $813.2M | $1.2B | ||
| Q2 25 | $812.9M | $1.2B | ||
| Q1 25 | $813.9M | $1.3B | ||
| Q4 24 | $780.9M | $1.3B | ||
| Q3 24 | $784.2M | $1.2B | ||
| Q2 24 | $777.5M | $1.2B | ||
| Q1 24 | $782.8M | $1.3B |
净利润BKDTNET
| Q4 25 | $-40.0M | — | ||
| Q3 25 | $-114.7M | $34.0M | ||
| Q2 25 | $-43.0M | $37.0M | ||
| Q1 25 | $-65.0M | $85.0M | ||
| Q4 24 | $-83.9M | — | ||
| Q3 24 | $-50.7M | $45.0M | ||
| Q2 24 | $-37.7M | $60.0M | ||
| Q1 24 | $-29.6M | $91.0M |
毛利率BKDTNET
| Q4 25 | 24.9% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 26.6% | — | ||
| Q1 25 | 27.4% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 25.3% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 26.1% | — |
营业利润率BKDTNET
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | -6.6% | 4.1% | ||
| Q2 25 | 1.8% | 4.1% | ||
| Q1 25 | 3.6% | 8.9% | ||
| Q4 24 | -0.3% | -2.9% | ||
| Q3 24 | 1.3% | 4.7% | ||
| Q2 24 | 2.5% | 6.5% | ||
| Q1 24 | 2.5% | 9.7% |
净利率BKDTNET
| Q4 25 | -5.3% | — | ||
| Q3 25 | -14.1% | 2.8% | ||
| Q2 25 | -5.3% | 3.0% | ||
| Q1 25 | -8.0% | 6.6% | ||
| Q4 24 | -10.7% | — | ||
| Q3 24 | -6.5% | 3.6% | ||
| Q2 24 | -4.9% | 4.9% | ||
| Q1 24 | -3.8% | 7.2% |
每股收益（稀释后）BKDTNET
| Q4 25 | $-0.18 | $0.02 | ||
| Q3 25 | $-0.48 | $0.70 | ||
| Q2 25 | $-0.18 | $0.77 | ||
| Q1 25 | $-0.28 | $1.71 | ||
| Q4 24 | $-0.37 | $-0.44 | ||
| Q3 24 | $-0.22 | $0.89 | ||
| Q2 24 | $-0.17 | $1.20 | ||
| Q1 24 | $-0.13 | $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 | $279.1M | $287.0M |
| 总债务越低越好 | $4.3B | — |
| 股东权益账面价值 | $-44.8M | $54.0M |
| 总资产 | $6.0B | $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BKDTNET
| Q4 25 | $279.1M | $287.0M | ||
| Q3 25 | $253.4M | $321.0M | ||
| Q2 25 | $251.9M | $407.0M | ||
| Q1 25 | $239.7M | $349.0M | ||
| Q4 24 | $328.8M | $360.0M | ||
| Q3 24 | $284.4M | $301.0M | ||
| Q2 24 | $309.7M | $249.0M | ||
| Q1 24 | $318.5M | $383.0M |
总债务BKDTNET
| Q4 25 | $4.3B | — | ||
| Q3 25 | $4.3B | — | ||
| Q2 25 | $4.3B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.8B | — |
股东权益BKDTNET
| Q4 25 | $-44.8M | $54.0M | ||
| Q3 25 | $-6.7M | $110.0M | ||
| Q2 25 | $105.4M | $107.0M | ||
| Q1 25 | $146.7M | $63.0M | ||
| Q4 24 | $212.5M | $69.0M | ||
| Q3 24 | $292.9M | $129.0M | ||
| Q2 24 | $340.2M | $100.0M | ||
| Q1 24 | $374.0M | $143.0M |
总资产BKDTNET
| Q4 25 | $6.0B | $3.8B | ||
| Q3 25 | $6.0B | $3.4B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $6.2B | $3.8B | ||
| Q4 24 | $6.3B | $4.1B | ||
| Q3 24 | $5.9B | $3.7B | ||
| Q2 24 | $5.5B | $3.7B | ||
| Q1 24 | $5.5B | $4.0B |
负债/权益比BKDTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 40.72× | — | ||
| Q1 25 | 29.39× | — | ||
| Q4 24 | 19.12× | — | ||
| Q3 24 | 12.65× | — | ||
| Q2 24 | 10.99× | — | ||
| Q1 24 | 10.05× | — |
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 | $34.5M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-29.1M | $43.0M |
| 自由现金流率自由现金流/营收 | -3.9% | 3.4% |
| 资本支出强度资本支出/营收 | 8.4% | 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 | $16.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流BKDTNET
| Q4 25 | $34.5M | $61.0M | ||
| Q3 25 | $76.5M | $72.0M | ||
| Q2 25 | $83.6M | $75.0M | ||
| Q1 25 | $23.4M | $95.0M | ||
| Q4 24 | $45.2M | $65.0M | ||
| Q3 24 | $66.5M | $84.0M | ||
| Q2 24 | $55.7M | $39.0M | ||
| Q1 24 | $-1.1M | $91.0M |
自由现金流BKDTNET
| Q4 25 | $-29.1M | $43.0M | ||
| Q3 25 | $34.9M | $55.0M | ||
| Q2 25 | $29.1M | $57.0M | ||
| Q1 25 | $-18.4M | $79.0M | ||
| Q4 24 | $-5.1M | $47.0M | ||
| Q3 24 | $11.5M | $59.0M | ||
| Q2 24 | $4.1M | $22.0M | ||
| Q1 24 | $-45.5M | $73.0M |
自由现金流率BKDTNET
| Q4 25 | -3.9% | 3.4% | ||
| Q3 25 | 4.3% | 4.5% | ||
| Q2 25 | 3.6% | 4.6% | ||
| Q1 25 | -2.3% | 6.1% | ||
| Q4 24 | -0.7% | 3.7% | ||
| Q3 24 | 1.5% | 4.8% | ||
| Q2 24 | 0.5% | 1.8% | ||
| Q1 24 | -5.8% | 5.8% |
资本支出强度BKDTNET
| Q4 25 | 8.4% | 1.4% | ||
| Q3 25 | 5.1% | 1.4% | ||
| Q2 25 | 6.7% | 1.5% | ||
| Q1 25 | 5.1% | 1.2% | ||
| Q4 24 | 6.4% | 1.4% | ||
| Q3 24 | 7.0% | 2.0% | ||
| Q2 24 | 6.6% | 1.4% | ||
| Q1 24 | 5.7% | 1.4% |
现金转化率BKDTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 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
BKD
| Assisted Living And Memory Care | $506.7M | 67% |
| Independent Living | $121.6M | 16% |
| Ccrcs Rental | $86.3M | 11% |
| Reimbursement Costs Managed Communities | $36.7M | 5% |
| Management Service | $2.9M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
