vs
CrossAmerica Partners LP（CAPL）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CrossAmerica Partners LP的1.4倍（$1.2B vs $866.3M），TRINET GROUP, INC.同比增速更快（-2.2% vs -8.3%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $22.4M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs TNET — 直观对比
营收规模更大
TNET
是对方的1.4倍
$866.3M
营收增速更快
TNET
高出6.1%
-8.3%
自由现金流更多
TNET
多$20.6M
$22.4M
两年增速更快
TNET
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $1.2B |
| 净利润 | $10.2M | — |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | 0.1% |
| 净利率 | 1.2% | — |
| 营收同比 | -8.3% | -2.2% |
| 净利润同比 | -39.6% | — |
| 每股收益（稀释后） | $0.24 | $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CAPLTNET
| Q4 25 | $866.3M | $1.2B | ||
| Q3 25 | $971.8M | $1.2B | ||
| Q2 25 | $961.9M | $1.2B | ||
| Q1 25 | $862.5M | $1.3B | ||
| Q4 24 | $944.2M | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $941.5M | $1.3B |
净利润CAPLTNET
| Q4 25 | $10.2M | — | ||
| Q3 25 | $13.6M | $34.0M | ||
| Q2 25 | $25.2M | $37.0M | ||
| Q1 25 | $-7.1M | $85.0M | ||
| Q4 24 | $16.9M | — | ||
| Q3 24 | $10.7M | $45.0M | ||
| Q2 24 | $12.4M | $60.0M | ||
| Q1 24 | $-17.5M | $91.0M |
毛利率CAPLTNET
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLTNET
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | 2.9% | 4.1% | ||
| Q2 25 | 4.3% | 4.1% | ||
| Q1 25 | 0.2% | 8.9% | ||
| Q4 24 | 3.0% | -2.9% | ||
| Q3 24 | 2.5% | 4.7% | ||
| Q2 24 | 2.5% | 6.5% | ||
| Q1 24 | -1.4% | 9.7% |
净利率CAPLTNET
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | 2.6% | 3.0% | ||
| Q1 25 | -0.8% | 6.6% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 1.0% | 3.6% | ||
| Q2 24 | 1.1% | 4.9% | ||
| Q1 24 | -1.9% | 7.2% |
每股收益（稀释后）CAPLTNET
| Q4 25 | $0.24 | $0.02 | ||
| Q3 25 | $0.34 | $0.70 | ||
| Q2 25 | $0.64 | $0.77 | ||
| Q1 25 | $-0.20 | $1.71 | ||
| Q4 24 | $0.42 | $-0.44 | ||
| Q3 24 | $0.27 | $0.89 | ||
| Q2 24 | $0.31 | $1.20 | ||
| Q1 24 | $-0.48 | $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 | $3.1M | $287.0M |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $54.0M |
| 总资产 | $964.7M | $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CAPLTNET
| Q4 25 | $3.1M | $287.0M | ||
| Q3 25 | $5.8M | $321.0M | ||
| Q2 25 | $9.7M | $407.0M | ||
| Q1 25 | $6.7M | $349.0M | ||
| Q4 24 | $3.4M | $360.0M | ||
| Q3 24 | $7.8M | $301.0M | ||
| Q2 24 | $5.5M | $249.0M | ||
| Q1 24 | $6.3M | $383.0M |
总债务CAPLTNET
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | — | ||
| Q3 24 | $769.2M | — | ||
| Q2 24 | $786.7M | — | ||
| Q1 24 | $795.8M | — |
股东权益CAPLTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | — | $110.0M | ||
| Q2 25 | — | $107.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $129.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产CAPLTNET
| Q4 25 | $964.7M | $3.8B | ||
| Q3 25 | $998.9M | $3.4B | ||
| Q2 25 | $1.0B | $3.7B | ||
| Q1 25 | $1.1B | $3.8B | ||
| Q4 24 | $1.1B | $4.1B | ||
| Q3 24 | $1.1B | $3.7B | ||
| Q2 24 | $1.2B | $3.7B | ||
| Q1 24 | $1.2B | $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 | $29.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $43.0M |
| 自由现金流率自由现金流/营收 | 2.6% | 3.4% |
| 资本支出强度资本支出/营收 | 0.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.89× | — |
| 过去12个月自由现金流最近4个季度 | $55.8M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CAPLTNET
| Q4 25 | $29.4M | $61.0M | ||
| Q3 25 | $24.4M | $72.0M | ||
| Q2 25 | $22.6M | $75.0M | ||
| Q1 25 | $15.0M | $95.0M | ||
| Q4 24 | $11.1M | $65.0M | ||
| Q3 24 | $41.9M | $84.0M | ||
| Q2 24 | $28.9M | $39.0M | ||
| Q1 24 | $5.8M | $91.0M |
自由现金流CAPLTNET
| Q4 25 | $22.4M | $43.0M | ||
| Q3 25 | $17.7M | $55.0M | ||
| Q2 25 | $10.8M | $57.0M | ||
| Q1 25 | $4.9M | $79.0M | ||
| Q4 24 | $3.9M | $47.0M | ||
| Q3 24 | $34.2M | $59.0M | ||
| Q2 24 | $23.6M | $22.0M | ||
| Q1 24 | $-289.0K | $73.0M |
自由现金流率CAPLTNET
| Q4 25 | 2.6% | 3.4% | ||
| Q3 25 | 1.8% | 4.5% | ||
| Q2 25 | 1.1% | 4.6% | ||
| Q1 25 | 0.6% | 6.1% | ||
| Q4 24 | 0.4% | 3.7% | ||
| Q3 24 | 3.2% | 4.8% | ||
| Q2 24 | 2.1% | 1.8% | ||
| Q1 24 | -0.0% | 5.8% |
资本支出强度CAPLTNET
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 0.7% | 1.4% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 1.2% | 1.2% | ||
| Q4 24 | 0.8% | 1.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 0.5% | 1.4% | ||
| Q1 24 | 0.6% | 1.4% |
现金转化率CAPLTNET
| Q4 25 | 2.89× | — | ||
| Q3 25 | 1.79× | 2.12× | ||
| Q2 25 | 0.90× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 3.92× | 1.87× | ||
| Q2 24 | 2.33× | 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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
