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CAL-MAINE FOODS INC（CALM）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CAL-MAINE FOODS INC的1.6倍（$1.2B vs $769.5M），TRINET GROUP, INC.同比增速更快（-2.2% vs -19.4%），CAL-MAINE FOODS INC自由现金流更多（$47.9M vs $43.0M），过去两年CAL-MAINE FOODS INC的营收复合增速更高（29.4% vs -0.6%）
卡尔梅恩食品公司是总部位于美国密西西比州里奇兰的鲜蛋生产商，截至2024年是美国规模最大的蛋品企业。公司旗下拥有Egg-Land's Best、Land O'Lakes等多个知名蛋品品牌，1957年由弗雷德·R·亚当斯二世创立，亚当斯家族持有企业控股权，目前在纳斯达克挂牌上市。
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。
CALM vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$769.5M
营收增速更快
TNET
高出17.2%
-19.4%
自由现金流更多
CALM
多$4.9M
$43.0M
两年增速更快
CALM
近两年复合增速
-0.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $769.5M | $1.2B |
| 净利润 | $102.8M | — |
| 毛利率 | 27.0% | — |
| 营业利润率 | 16.1% | 0.1% |
| 净利率 | 13.4% | — |
| 营收同比 | -19.4% | -2.2% |
| 净利润同比 | -53.1% | — |
| 每股收益（稀释后） | $2.13 | $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CALMTNET
| Q4 25 | $769.5M | $1.2B | ||
| Q3 25 | $922.6M | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $954.7M | $1.3B | ||
| Q3 24 | $785.9M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $703.1M | $1.3B |
净利润CALMTNET
| Q4 25 | $102.8M | — | ||
| Q3 25 | $199.3M | $34.0M | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | $508.5M | $85.0M | ||
| Q4 24 | $219.1M | — | ||
| Q3 24 | $150.0M | $45.0M | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | $146.7M | $91.0M |
毛利率CALMTNET
| Q4 25 | 27.0% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 50.5% | — | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 31.5% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 31.1% | — |
营业利润率CALMTNET
| Q4 25 | 16.1% | 0.1% | ||
| Q3 25 | 27.0% | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | 44.8% | 8.9% | ||
| Q4 24 | 29.1% | -2.9% | ||
| Q3 24 | 23.8% | 4.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | 23.2% | 9.7% |
净利率CALMTNET
| Q4 25 | 13.4% | — | ||
| Q3 25 | 21.6% | 2.8% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | 35.9% | 6.6% | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 19.1% | 3.6% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | 20.9% | 7.2% |
每股收益（稀释后）CALMTNET
| Q4 25 | $2.13 | $0.02 | ||
| Q3 25 | $4.12 | $0.70 | ||
| Q2 25 | — | $0.77 | ||
| Q1 25 | $10.38 | $1.71 | ||
| Q4 24 | $4.47 | $-0.44 | ||
| Q3 24 | $3.06 | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | $3.00 | $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 | $369.4M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $54.0M |
| 总资产 | $3.1B | $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CALMTNET
| Q4 25 | $369.4M | $287.0M | ||
| Q3 25 | $251.9M | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | $497.2M | $349.0M | ||
| Q4 24 | $140.3M | $360.0M | ||
| Q3 24 | $181.7M | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | $367.1M | $383.0M |
股东权益CALMTNET
| Q4 25 | $2.7B | $54.0M | ||
| Q3 25 | $2.7B | $110.0M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | $2.4B | $63.0M | ||
| Q4 24 | $2.0B | $69.0M | ||
| Q3 24 | $1.9B | $129.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | $1.7B | $143.0M |
总资产CALMTNET
| Q4 25 | $3.1B | $3.8B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | $3.1B | $3.8B | ||
| Q4 24 | $2.5B | $4.1B | ||
| Q3 24 | $2.4B | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | $2.1B | $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 | $94.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $43.0M |
| 自由现金流率自由现金流/营收 | 6.2% | 3.4% |
| 资本支出强度资本支出/营收 | 6.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.92× | — |
| 过去12个月自由现金流最近4个季度 | $895.9M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CALMTNET
| Q4 25 | $94.8M | $61.0M | ||
| Q3 25 | $278.6M | $72.0M | ||
| Q2 25 | — | $75.0M | ||
| Q1 25 | $571.6M | $95.0M | ||
| Q4 24 | $122.7M | $65.0M | ||
| Q3 24 | $117.5M | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | $164.0M | $91.0M |
自由现金流CALMTNET
| Q4 25 | $47.9M | $43.0M | ||
| Q3 25 | $233.3M | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | $521.8M | $79.0M | ||
| Q4 24 | $92.9M | $47.0M | ||
| Q3 24 | $81.7M | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | $133.8M | $73.0M |
自由现金流率CALMTNET
| Q4 25 | 6.2% | 3.4% | ||
| Q3 25 | 25.3% | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 36.8% | 6.1% | ||
| Q4 24 | 9.7% | 3.7% | ||
| Q3 24 | 10.4% | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | 19.0% | 5.8% |
资本支出强度CALMTNET
| Q4 25 | 6.1% | 1.4% | ||
| Q3 25 | 4.9% | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | 3.5% | 1.2% | ||
| Q4 24 | 3.1% | 1.4% | ||
| Q3 24 | 4.6% | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | 4.3% | 1.4% |
现金转化率CALMTNET
| Q4 25 | 0.92× | — | ||
| Q3 25 | 1.40× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | 1.12× | 1.12× | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.78× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 1.12× | 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
CALM
| Retail | $625.4M | 81% |
| Prepared Foods | $71.7M | 9% |
| Egg Products | $34.5M | 4% |
| Service Other | $19.2M | 2% |
| Other | $13.8M | 2% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
