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Church & Dwight（CHD）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
Church & Dwight的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），Church & Dwight同比增速更快（3.9% vs -2.2%），过去两年Church & Dwight的营收复合增速更高（4.6% vs -0.6%）
Church & Dwight是美国知名消费品企业，成立于1847年，总部位于新泽西州尤因。公司主营个人护理、家居用品及特色产品，旗下拥有Arm & Hammer、Trojan、OxiClean等知名品牌，2022年全年营收达54亿美元。
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。
CHD vs TNET — 直观对比
营收规模更大
CHD
是对方的1.3倍
$1.2B
营收增速更快
CHD
高出6.1%
-2.2%
两年增速更快
CHD
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $143.5M | — |
| 毛利率 | 45.8% | — |
| 营业利润率 | 16.2% | 0.1% |
| 净利率 | 8.7% | — |
| 营收同比 | 3.9% | -2.2% |
| 净利润同比 | -24.2% | — |
| 每股收益（稀释后） | $0.60 | $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CHDTNET
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
净利润CHDTNET
| Q4 25 | $143.5M | — | ||
| Q3 25 | $182.2M | $34.0M | ||
| Q2 25 | $191.0M | $37.0M | ||
| Q1 25 | $220.1M | $85.0M | ||
| Q4 24 | $189.2M | — | ||
| Q3 24 | $-75.1M | $45.0M | ||
| Q2 24 | $243.5M | $60.0M | ||
| Q1 24 | $227.7M | $91.0M |
毛利率CHDTNET
| Q4 25 | 45.8% | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | 43.0% | — | ||
| Q1 25 | 45.0% | — | ||
| Q4 24 | 44.7% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 47.1% | — | ||
| Q1 24 | 45.7% | — |
营业利润率CHDTNET
| Q4 25 | 16.2% | 0.1% | ||
| Q3 25 | 16.1% | 4.1% | ||
| Q2 25 | 17.4% | 4.1% | ||
| Q1 25 | 20.1% | 8.9% | ||
| Q4 24 | 16.2% | -2.9% | ||
| Q3 24 | -6.1% | 4.7% | ||
| Q2 24 | 22.3% | 6.5% | ||
| Q1 24 | 20.3% | 9.7% |
净利率CHDTNET
| Q4 25 | 8.7% | — | ||
| Q3 25 | 11.5% | 2.8% | ||
| Q2 25 | 12.7% | 3.0% | ||
| Q1 25 | 15.0% | 6.6% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | -5.0% | 3.6% | ||
| Q2 24 | 16.1% | 4.9% | ||
| Q1 24 | 15.1% | 7.2% |
每股收益（稀释后）CHDTNET
| Q4 25 | $0.60 | $0.02 | ||
| Q3 25 | $0.75 | $0.70 | ||
| Q2 25 | $0.78 | $0.77 | ||
| Q1 25 | $0.89 | $1.71 | ||
| Q4 24 | $0.76 | $-0.44 | ||
| Q3 24 | $-0.31 | $0.89 | ||
| Q2 24 | $0.99 | $1.20 | ||
| Q1 24 | $0.93 | $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 | $409.0M | $287.0M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $4.0B | $54.0M |
| 总资产 | $8.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资CHDTNET
| Q4 25 | $409.0M | $287.0M | ||
| Q3 25 | $305.3M | $321.0M | ||
| Q2 25 | $923.2M | $407.0M | ||
| Q1 25 | $1.1B | $349.0M | ||
| Q4 24 | $964.1M | $360.0M | ||
| Q3 24 | $752.1M | $301.0M | ||
| Q2 24 | $491.7M | $249.0M | ||
| Q1 24 | $349.7M | $383.0M |
总债务CHDTNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.2B | — |
股东权益CHDTNET
| Q4 25 | $4.0B | $54.0M | ||
| Q3 25 | $4.2B | $110.0M | ||
| Q2 25 | $4.4B | $107.0M | ||
| Q1 25 | $4.6B | $63.0M | ||
| Q4 24 | $4.4B | $69.0M | ||
| Q3 24 | $4.2B | $129.0M | ||
| Q2 24 | $4.3B | $100.0M | ||
| Q1 24 | $4.1B | $143.0M |
总资产CHDTNET
| Q4 25 | $8.9B | $3.8B | ||
| Q3 25 | $9.1B | $3.4B | ||
| Q2 25 | $8.8B | $3.7B | ||
| Q1 25 | $9.0B | $3.8B | ||
| Q4 24 | $8.9B | $4.1B | ||
| Q3 24 | $8.7B | $3.7B | ||
| Q2 24 | $8.8B | $3.7B | ||
| Q1 24 | $8.6B | $4.0B |
负债/权益比CHDTNET
| Q4 25 | 0.55× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.54× | — |
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 | — | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 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 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流CHDTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | — | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | $292.3M | $65.0M | ||
| Q3 24 | $364.0M | $84.0M | ||
| Q2 24 | $236.9M | $39.0M | ||
| Q1 24 | $263.0M | $91.0M |
自由现金流CHDTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | $237.7M | $47.0M | ||
| Q3 24 | $315.4M | $59.0M | ||
| Q2 24 | $206.6M | $22.0M | ||
| Q1 24 | $216.7M | $73.0M |
自由现金流率CHDTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | 15.0% | 3.7% | ||
| Q3 24 | 20.9% | 4.8% | ||
| Q2 24 | 13.7% | 1.8% | ||
| Q1 24 | 14.4% | 5.8% |
资本支出强度CHDTNET
| Q4 25 | 3.4% | 1.4% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 1.1% | 1.2% | ||
| Q4 24 | 3.5% | 1.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 2.0% | 1.4% | ||
| Q1 24 | 3.1% | 1.4% |
现金转化率CHDTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 1.54× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 0.97× | 0.65× | ||
| Q1 24 | 1.16× | 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
CHD
| Household Products | $645.3M | 39% |
| Personal Care Products | $625.9M | 38% |
| Consumer International | $299.8M | 18% |
| Specialty Products Division | $73.2M | 4% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
