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科慕（CC）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
科慕的季度营收约是TRINET GROUP, INC.的1.1倍（$1.3B vs $1.2B），科慕同比增速更快（-2.1% vs -2.2%），科慕自由现金流更多（$92.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -1.2%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
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。
CC vs TNET — 直观对比
营收规模更大
CC
是对方的1.1倍
$1.2B
营收增速更快
CC
高出0.1%
-2.2%
自由现金流更多
CC
多$49.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $-47.0M | — |
| 毛利率 | 11.7% | — |
| 营业利润率 | — | 0.1% |
| 净利率 | -3.5% | — |
| 营收同比 | -2.1% | -2.2% |
| 净利润同比 | -261.5% | — |
| 每股收益（稀释后） | $-0.32 | $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CCTNET
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
净利润CCTNET
| Q4 25 | $-47.0M | — | ||
| Q3 25 | $46.0M | $34.0M | ||
| Q2 25 | $-380.0M | $37.0M | ||
| Q1 25 | $-5.0M | $85.0M | ||
| Q4 24 | $-13.0M | — | ||
| Q3 24 | $-32.0M | $45.0M | ||
| Q2 24 | $60.0M | $60.0M | ||
| Q1 24 | $54.0M | $91.0M |
毛利率CCTNET
| Q4 25 | 11.7% | — | ||
| Q3 25 | 15.6% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 20.9% | — |
营业利润率CCTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 2.5% | 4.1% | ||
| Q2 25 | -15.4% | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | -0.1% | -2.9% | ||
| Q3 24 | -2.1% | 4.7% | ||
| Q2 24 | 4.4% | 6.5% | ||
| Q1 24 | 5.1% | 9.7% |
净利率CCTNET
| Q4 25 | -3.5% | — | ||
| Q3 25 | 3.1% | 2.8% | ||
| Q2 25 | -23.5% | 3.0% | ||
| Q1 25 | -0.4% | 6.6% | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -2.1% | 3.6% | ||
| Q2 24 | 3.9% | 4.9% | ||
| Q1 24 | 4.0% | 7.2% |
每股收益（稀释后）CCTNET
| Q4 25 | $-0.32 | $0.02 | ||
| Q3 25 | $0.31 | $0.70 | ||
| Q2 25 | $-2.53 | $0.77 | ||
| Q1 25 | $-0.03 | $1.71 | ||
| Q4 24 | $-0.07 | $-0.44 | ||
| Q3 24 | $-0.22 | $0.89 | ||
| Q2 24 | $0.39 | $1.20 | ||
| Q1 24 | $0.36 | $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 | $670.0M | $287.0M |
| 总债务越低越好 | $4.1B | — |
| 股东权益账面价值 | $250.0M | $54.0M |
| 总资产 | $7.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 16.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CCTNET
| Q4 25 | $670.0M | $287.0M | ||
| Q3 25 | $613.0M | $321.0M | ||
| Q2 25 | $502.0M | $407.0M | ||
| Q1 25 | $464.0M | $349.0M | ||
| Q4 24 | $713.0M | $360.0M | ||
| Q3 24 | $596.0M | $301.0M | ||
| Q2 24 | $604.0M | $249.0M | ||
| Q1 24 | $746.0M | $383.0M |
总债务CCTNET
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.0B | — |
股东权益CCTNET
| Q4 25 | $250.0M | $54.0M | ||
| Q3 25 | $274.0M | $110.0M | ||
| Q2 25 | $228.0M | $107.0M | ||
| Q1 25 | $566.0M | $63.0M | ||
| Q4 24 | $571.0M | $69.0M | ||
| Q3 24 | $643.0M | $129.0M | ||
| Q2 24 | $714.0M | $100.0M | ||
| Q1 24 | $753.0M | $143.0M |
总资产CCTNET
| Q4 25 | $7.4B | $3.8B | ||
| Q3 25 | $7.5B | $3.4B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $7.4B | $3.8B | ||
| Q4 24 | $7.5B | $4.1B | ||
| Q3 24 | $7.5B | $3.7B | ||
| Q2 24 | $7.2B | $3.7B | ||
| Q1 24 | $8.0B | $4.0B |
负债/权益比CCTNET
| Q4 25 | 16.40× | — | ||
| Q3 25 | 14.96× | — | ||
| Q2 25 | 17.99× | — | ||
| Q1 25 | 7.18× | — | ||
| Q4 24 | 7.11× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 5.53× | — | ||
| Q1 24 | 5.27× | — |
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 | $137.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 6.9% | 3.4% |
| 资本支出强度资本支出/营收 | 3.4% | 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 | $51.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CCTNET
| Q4 25 | $137.0M | $61.0M | ||
| Q3 25 | $146.0M | $72.0M | ||
| Q2 25 | $93.0M | $75.0M | ||
| Q1 25 | $-112.0M | $95.0M | ||
| Q4 24 | $138.0M | $65.0M | ||
| Q3 24 | $139.0M | $84.0M | ||
| Q2 24 | $-620.0M | $39.0M | ||
| Q1 24 | $-290.0M | $91.0M |
自由现金流CCTNET
| Q4 25 | $92.0M | $43.0M | ||
| Q3 25 | $105.0M | $55.0M | ||
| Q2 25 | $50.0M | $57.0M | ||
| Q1 25 | $-196.0M | $79.0M | ||
| Q4 24 | $29.0M | $47.0M | ||
| Q3 24 | $63.0M | $59.0M | ||
| Q2 24 | $-693.0M | $22.0M | ||
| Q1 24 | $-392.0M | $73.0M |
自由现金流率CCTNET
| Q4 25 | 6.9% | 3.4% | ||
| Q3 25 | 7.0% | 4.5% | ||
| Q2 25 | 3.1% | 4.6% | ||
| Q1 25 | -14.3% | 6.1% | ||
| Q4 24 | 2.1% | 3.7% | ||
| Q3 24 | 4.2% | 4.8% | ||
| Q2 24 | -44.6% | 1.8% | ||
| Q1 24 | -28.8% | 5.8% |
资本支出强度CCTNET
| Q4 25 | 3.4% | 1.4% | ||
| Q3 25 | 2.7% | 1.4% | ||
| Q2 25 | 2.7% | 1.5% | ||
| Q1 25 | 6.1% | 1.2% | ||
| Q4 24 | 8.0% | 1.4% | ||
| Q3 24 | 5.0% | 2.0% | ||
| Q2 24 | 4.7% | 1.4% | ||
| Q1 24 | 7.5% | 1.4% |
现金转化率CCTNET
| Q4 25 | — | — | ||
| Q3 25 | 3.17× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | -10.33× | 0.65× | ||
| Q1 24 | -5.37× | 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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
