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CRACKER BARREL OLD COUNTRY STORE, INC（CBRL）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CRACKER BARREL OLD COUNTRY STORE, INC的1.6倍（$1.2B vs $797.2M），TRINET GROUP, INC.同比增速更快（-2.2% vs -10.9%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-88.9M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -2.4%）
Cracker Barrel是源自美国南方乡村风格的连锁餐厅与礼品店品牌，1969年由丹·埃文斯与汤米·洛创立，总部位于田纳西州黎巴嫩。品牌最初门店多开设在美国东南部和中西部的高速公路出口附近，于上世纪90年代至21世纪初逐步扩张至全美各地。
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。
CBRL vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$797.2M
营收增速更快
TNET
高出8.7%
-10.9%
自由现金流更多
TNET
多$131.9M
$-88.9M
两年增速更快
TNET
近两年复合增速
-2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $797.2M | $1.2B |
| 净利润 | $-24.6M | — |
| 毛利率 | 68.8% | — |
| 营业利润率 | -4.1% | 0.1% |
| 净利率 | -3.1% | — |
| 营收同比 | -10.9% | -2.2% |
| 净利润同比 | -235.7% | — |
| 每股收益（稀释后） | $-1.10 | $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CBRLTNET
| Q4 25 | $797.2M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $821.1M | $1.2B | ||
| Q1 25 | $949.4M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $894.4M | $1.2B | ||
| Q2 24 | $817.1M | $1.2B | ||
| Q1 24 | $935.4M | $1.3B |
净利润CBRLTNET
| Q4 25 | $-24.6M | — | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | $12.6M | $37.0M | ||
| Q1 25 | $22.2M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $18.1M | $45.0M | ||
| Q2 24 | $-9.2M | $60.0M | ||
| Q1 24 | $26.5M | $91.0M |
毛利率CBRLTNET
| Q4 25 | 68.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 69.9% | — | ||
| Q1 25 | 67.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 69.6% | — | ||
| Q2 24 | 70.0% | — | ||
| Q1 24 | 66.3% | — |
营业利润率CBRLTNET
| Q4 25 | -4.1% | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | 1.8% | 4.1% | ||
| Q1 25 | 3.1% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 2.5% | 4.7% | ||
| Q2 24 | -2.4% | 6.5% | ||
| Q1 24 | 3.3% | 9.7% |
净利率CBRLTNET
| Q4 25 | -3.1% | — | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 1.5% | 3.0% | ||
| Q1 25 | 2.3% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.0% | 3.6% | ||
| Q2 24 | -1.1% | 4.9% | ||
| Q1 24 | 2.8% | 7.2% |
每股收益（稀释后）CBRLTNET
| Q4 25 | $-1.10 | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | $0.56 | $0.77 | ||
| Q1 25 | $0.99 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $0.80 | $0.89 | ||
| Q2 24 | $-0.41 | $1.20 | ||
| Q1 24 | $1.19 | $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 | $8.9M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $428.8M | $54.0M |
| 总资产 | $2.2B | $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CBRLTNET
| Q4 25 | $8.9M | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | $9.8M | $407.0M | ||
| Q1 25 | $10.3M | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $12.0M | $301.0M | ||
| Q2 24 | $11.9M | $249.0M | ||
| Q1 24 | $12.6M | $383.0M |
股东权益CBRLTNET
| Q4 25 | $428.8M | $54.0M | ||
| Q3 25 | — | $110.0M | ||
| Q2 25 | $469.3M | $107.0M | ||
| Q1 25 | $460.9M | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $440.1M | $129.0M | ||
| Q2 24 | $426.6M | $100.0M | ||
| Q1 24 | $462.0M | $143.0M |
总资产CBRLTNET
| Q4 25 | $2.2B | $3.8B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $2.2B | $3.7B | ||
| Q2 24 | $2.2B | $3.7B | ||
| Q1 24 | $2.2B | $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 | $-53.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-88.9M | $43.0M |
| 自由现金流率自由现金流/营收 | -11.2% | 3.4% |
| 资本支出强度资本支出/营收 | 4.5% | 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 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流CBRLTNET
| Q4 25 | $-53.4M | $61.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | $23.0M | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $69.5M | $84.0M | ||
| Q2 24 | $37.6M | $39.0M | ||
| Q1 24 | $77.7M | $91.0M |
自由现金流CBRLTNET
| Q4 25 | $-88.9M | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | $-13.6M | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $22.1M | $59.0M | ||
| Q2 24 | $8.2M | $22.0M | ||
| Q1 24 | $50.9M | $73.0M |
自由现金流率CBRLTNET
| Q4 25 | -11.2% | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | -1.7% | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 2.5% | 4.8% | ||
| Q2 24 | 1.0% | 1.8% | ||
| Q1 24 | 5.4% | 5.8% |
资本支出强度CBRLTNET
| Q4 25 | 4.5% | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 4.5% | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 5.3% | 2.0% | ||
| Q2 24 | 3.6% | 1.4% | ||
| Q1 24 | 2.9% | 1.4% |
现金转化率CBRLTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 1.83× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.83× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 2.93× | 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
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
