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CALERES INC（CAL）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CALERES INC的1.6倍（$1.2B vs $790.1M），CALERES INC同比增速更快（6.6% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-12.4M），过去两年CALERES INC的营收复合增速更高（6.5% vs -0.6%）
Caleres Inc是一家美国鞋履企业，旗下拥有并运营多个鞋履品牌，总部坐落于圣路易斯郊区密苏里州克莱顿。该企业前身是1878年在圣路易斯成立的Bryan, Brown & Company，此后历经多次更名，其前身汉密尔顿-布朗鞋业在20世纪初曾是美国最大的鞋履制造商。
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。
CAL vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$790.1M
营收增速更快
CAL
高出8.8%
-2.2%
自由现金流更多
TNET
多$55.4M
$-12.4M
两年增速更快
CAL
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $790.1M | $1.2B |
| 净利润 | $2.4M | — |
| 毛利率 | 41.8% | — |
| 营业利润率 | 1.5% | 0.1% |
| 净利率 | 0.3% | — |
| 营收同比 | 6.6% | -2.2% |
| 净利润同比 | -94.2% | — |
| 每股收益（稀释后） | $0.07 | $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CALTNET
| Q4 25 | $790.1M | $1.2B | ||
| Q3 25 | $658.5M | $1.2B | ||
| Q2 25 | $614.2M | $1.2B | ||
| Q1 25 | $639.2M | $1.3B | ||
| Q4 24 | $740.9M | $1.3B | ||
| Q3 24 | $683.3M | $1.2B | ||
| Q2 24 | $659.2M | $1.2B | ||
| Q1 24 | $697.1M | $1.3B |
净利润CALTNET
| Q4 25 | $2.4M | — | ||
| Q3 25 | $6.7M | $34.0M | ||
| Q2 25 | $6.9M | $37.0M | ||
| Q1 25 | $4.9M | $85.0M | ||
| Q4 24 | $41.4M | — | ||
| Q3 24 | $30.0M | $45.0M | ||
| Q2 24 | $30.9M | $60.0M | ||
| Q1 24 | $55.7M | $91.0M |
毛利率CALTNET
| Q4 25 | 41.8% | — | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 45.4% | — | ||
| Q1 25 | 43.0% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 46.9% | — | ||
| Q1 24 | 43.9% | — |
营业利润率CALTNET
| Q4 25 | 1.5% | 0.1% | ||
| Q3 25 | 1.4% | 4.1% | ||
| Q2 25 | 1.9% | 4.1% | ||
| Q1 25 | 1.2% | 8.9% | ||
| Q4 24 | 7.7% | -2.9% | ||
| Q3 24 | 6.2% | 4.7% | ||
| Q2 24 | 6.5% | 6.5% | ||
| Q1 24 | 4.4% | 9.7% |
净利率CALTNET
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.0% | 2.8% | ||
| Q2 25 | 1.1% | 3.0% | ||
| Q1 25 | 0.8% | 6.6% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 4.4% | 3.6% | ||
| Q2 24 | 4.7% | 4.9% | ||
| Q1 24 | 8.0% | 7.2% |
每股收益（稀释后）CALTNET
| Q4 25 | $0.07 | $0.02 | ||
| Q3 25 | $0.20 | $0.70 | ||
| Q2 25 | $0.21 | $0.77 | ||
| Q1 25 | $0.17 | $1.71 | ||
| Q4 24 | $1.19 | $-0.44 | ||
| Q3 24 | $0.85 | $0.89 | ||
| Q2 24 | $0.88 | $1.20 | ||
| Q1 24 | $1.56 | $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 | $34.0M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $616.8M | $54.0M |
| 总资产 | $2.1B | $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CALTNET
| Q4 25 | $34.0M | $287.0M | ||
| Q3 25 | $191.5M | $321.0M | ||
| Q2 25 | $33.1M | $407.0M | ||
| Q1 25 | $29.6M | $349.0M | ||
| Q4 24 | $33.7M | $360.0M | ||
| Q3 24 | $51.8M | $301.0M | ||
| Q2 24 | $30.7M | $249.0M | ||
| Q1 24 | $21.4M | $383.0M |
股东权益CALTNET
| Q4 25 | $616.8M | $54.0M | ||
| Q3 25 | $613.3M | $110.0M | ||
| Q2 25 | $605.2M | $107.0M | ||
| Q1 25 | $599.0M | $63.0M | ||
| Q4 24 | $598.3M | $69.0M | ||
| Q3 24 | $606.1M | $129.0M | ||
| Q2 24 | $570.3M | $100.0M | ||
| Q1 24 | $560.6M | $143.0M |
总资产CALTNET
| Q4 25 | $2.1B | $3.8B | ||
| Q3 25 | $2.2B | $3.4B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.9B | $3.8B | ||
| Q4 24 | $2.0B | $4.1B | ||
| Q3 24 | $2.0B | $3.7B | ||
| Q2 24 | $1.9B | $3.7B | ||
| Q1 24 | $1.8B | $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 | $-1.2M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.4M | $43.0M |
| 自由现金流率自由现金流/营收 | -1.6% | 3.4% |
| 资本支出强度资本支出/营收 | 1.4% | 1.4% |
| 现金转化率经营现金流/净利润 | -0.50× | — |
| 过去12个月自由现金流最近4个季度 | $14.4M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CALTNET
| Q4 25 | $-1.2M | $61.0M | ||
| Q3 25 | $47.3M | $72.0M | ||
| Q2 25 | $-5.7M | $75.0M | ||
| Q1 25 | $28.7M | $95.0M | ||
| Q4 24 | $-39.8M | $65.0M | ||
| Q3 24 | $79.6M | $84.0M | ||
| Q2 24 | $36.1M | $39.0M | ||
| Q1 24 | $43.0M | $91.0M |
自由现金流CALTNET
| Q4 25 | $-12.4M | $43.0M | ||
| Q3 25 | $35.0M | $55.0M | ||
| Q2 25 | $-26.2M | $57.0M | ||
| Q1 25 | $18.0M | $79.0M | ||
| Q4 24 | $-57.4M | $47.0M | ||
| Q3 24 | $68.5M | $59.0M | ||
| Q2 24 | $26.3M | $22.0M | ||
| Q1 24 | $32.4M | $73.0M |
自由现金流率CALTNET
| Q4 25 | -1.6% | 3.4% | ||
| Q3 25 | 5.3% | 4.5% | ||
| Q2 25 | -4.3% | 4.6% | ||
| Q1 25 | 2.8% | 6.1% | ||
| Q4 24 | -7.7% | 3.7% | ||
| Q3 24 | 10.0% | 4.8% | ||
| Q2 24 | 4.0% | 1.8% | ||
| Q1 24 | 4.6% | 5.8% |
资本支出强度CALTNET
| Q4 25 | 1.4% | 1.4% | ||
| Q3 25 | 1.9% | 1.4% | ||
| Q2 25 | 3.3% | 1.5% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 2.4% | 1.4% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 1.5% | 1.4% | ||
| Q1 24 | 1.5% | 1.4% |
现金转化率CALTNET
| Q4 25 | -0.50× | — | ||
| Q3 25 | 7.05× | 2.12× | ||
| Q2 25 | -0.81× | 2.03× | ||
| Q1 25 | 5.82× | 1.12× | ||
| Q4 24 | -0.96× | — | ||
| Q3 24 | 2.66× | 1.87× | ||
| Q2 24 | 1.17× | 0.65× | ||
| Q1 24 | 0.77× | 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
CAL
| Brand Portfolio | $383.7M | 49% |
| Landed Wholesale | $148.1M | 19% |
| Wholesale E Commerce | $75.0M | 9% |
| Ecommerce | $68.8M | 9% |
| Stuart Weitzman Brand | $45.8M | 6% |
| Landed Wholesale Ecommerce Drop Ship | $30.6M | 4% |
| First Cost Wholesale | $14.9M | 2% |
| Clt Brand Solutions | $10.2M | 1% |
| License And Royalty | $2.1M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
