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COMERICA INC（CMA）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COMERICA INC的1.5倍（$1.2B vs $838.0M），COMERICA INC同比增速更快（3.3% vs -2.2%），过去两年COMERICA INC的营收复合增速更高（108.9% vs -0.6%）
Comerica公司是总部位于美国得克萨斯州达拉斯的金融服务企业，为美国大型金融控股公司之一。旗下Comerica银行为区域性商业银行，在得克萨斯、密歇根、加利福尼亚、佛罗里达、亚利桑那五州共设413家网点，在美国多座城市设有办公场所。
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。
CMA vs TNET — 直观对比
营收规模更大
TNET
是对方的1.5倍
$838.0M
营收增速更快
CMA
高出5.5%
-2.2%
两年增速更快
CMA
近两年复合增速
-0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $838.0M | $1.2B |
| 净利润 | $176.0M | — |
| 毛利率 | — | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 21.0% | — |
| 营收同比 | 3.3% | -2.2% |
| 净利润同比 | -4.3% | — |
| 每股收益（稀释后） | $1.35 | $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CMATNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $838.0M | $1.2B | ||
| Q2 25 | $849.0M | $1.2B | ||
| Q1 25 | $829.0M | $1.3B | ||
| Q4 24 | $825.0M | $1.3B | ||
| Q3 24 | $811.0M | $1.2B | ||
| Q2 24 | $824.0M | $1.2B | ||
| Q1 24 | $784.0M | $1.3B |
净利润CMATNET
| Q4 25 | — | — | ||
| Q3 25 | $176.0M | $34.0M | ||
| Q2 25 | $199.0M | $37.0M | ||
| Q1 25 | $172.0M | $85.0M | ||
| Q4 24 | $170.0M | — | ||
| Q3 24 | $184.0M | $45.0M | ||
| Q2 24 | $206.0M | $60.0M | ||
| Q1 24 | $138.0M | $91.0M |
营业利润率CMATNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率CMATNET
| Q4 25 | — | — | ||
| Q3 25 | 21.0% | 2.8% | ||
| Q2 25 | 23.4% | 3.0% | ||
| Q1 25 | 20.7% | 6.6% | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 22.7% | 3.6% | ||
| Q2 24 | 25.0% | 4.9% | ||
| Q1 24 | 17.6% | 7.2% |
每股收益（稀释后）CMATNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $1.35 | $0.70 | ||
| Q2 25 | $1.42 | $0.77 | ||
| Q1 25 | $1.25 | $1.71 | ||
| Q4 24 | $1.22 | $-0.44 | ||
| Q3 24 | $1.33 | $0.89 | ||
| Q2 24 | $1.49 | $1.20 | ||
| Q1 24 | $0.98 | $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 | — | $287.0M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $7.4B | $54.0M |
| 总资产 | $77.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资CMATNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务CMATNET
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
股东权益CMATNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $7.4B | $110.0M | ||
| Q2 25 | $6.9B | $107.0M | ||
| Q1 25 | $7.1B | $63.0M | ||
| Q4 24 | $6.5B | $69.0M | ||
| Q3 24 | $7.4B | $129.0M | ||
| Q2 24 | $6.2B | $100.0M | ||
| Q1 24 | $6.0B | $143.0M |
总资产CMATNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $77.4B | $3.4B | ||
| Q2 25 | $78.0B | $3.7B | ||
| Q1 25 | $77.6B | $3.8B | ||
| Q4 24 | $79.3B | $4.1B | ||
| Q3 24 | $79.7B | $3.7B | ||
| Q2 24 | $79.6B | $3.7B | ||
| Q1 24 | $79.4B | $4.0B |
负债/权益比CMATNET
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
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 | $-270.0M | $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 | — | 1.4% |
| 现金转化率经营现金流/净利润 | -1.53× | — |
| 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CMATNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $-270.0M | $72.0M | ||
| Q2 25 | $476.0M | $75.0M | ||
| Q1 25 | $273.0M | $95.0M | ||
| Q4 24 | $601.0M | $65.0M | ||
| Q3 24 | $1.0B | $84.0M | ||
| Q2 24 | $111.0M | $39.0M | ||
| Q1 24 | $-205.0M | $91.0M |
自由现金流CMATNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率CMATNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度CMATNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率CMATNET
| Q4 25 | — | — | ||
| Q3 25 | -1.53× | 2.12× | ||
| Q2 25 | 2.39× | 2.03× | ||
| Q1 25 | 1.59× | 1.12× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | 1.87× | ||
| Q2 24 | 0.54× | 0.65× | ||
| Q1 24 | -1.49× | 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
CMA
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
