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CenterPoint Energy（CNP）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
CenterPoint Energy的季度营收约是TRINET GROUP, INC.的2.0倍（$2.4B vs $1.2B），CenterPoint Energy同比增速更快（10.7% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-707.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -3.1%）
CenterPoint Energy是总部位于美国得克萨斯州休斯敦的公用事业企业，位列《财富》美国500强，为印第安纳、俄亥俄、路易斯安那、明尼苏达、密西西比、得克萨斯六州多个区域的用户提供电力及天然气公用事业服务，曾使用Reliant Energy、Houston Industries等名称开展业务。
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。
CNP vs TNET — 直观对比
营收规模更大
CNP
是对方的2.0倍
$1.2B
营收增速更快
CNP
高出12.9%
-2.2%
自由现金流更多
TNET
多$750.0M
$-707.0M
两年增速更快
TNET
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $264.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 22.2% | 0.1% |
| 净利率 | 10.8% | — |
| 营收同比 | 10.7% | -2.2% |
| 净利润同比 | 6.5% | — |
| 每股收益（稀释后） | $0.40 | $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CNPTNET
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $2.6B | $1.3B |
净利润CNPTNET
| Q4 25 | $264.0M | — | ||
| Q3 25 | $293.0M | $34.0M | ||
| Q2 25 | $198.0M | $37.0M | ||
| Q1 25 | $297.0M | $85.0M | ||
| Q4 24 | $248.0M | — | ||
| Q3 24 | $193.0M | $45.0M | ||
| Q2 24 | $228.0M | $60.0M | ||
| Q1 24 | $350.0M | $91.0M |
毛利率CNPTNET
| Q4 25 | — | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 99.9% | — | ||
| Q1 25 | 100.0% | — | ||
| Q4 24 | 100.0% | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 100.0% | — |
营业利润率CNPTNET
| Q4 25 | 22.2% | 0.1% | ||
| Q3 25 | 25.2% | 4.1% | ||
| Q2 25 | 21.4% | 4.1% | ||
| Q1 25 | 22.0% | 8.9% | ||
| Q4 24 | 21.9% | -2.9% | ||
| Q3 24 | 22.9% | 4.7% | ||
| Q2 24 | 24.5% | 6.5% | ||
| Q1 24 | 23.7% | 9.7% |
净利率CNPTNET
| Q4 25 | 10.8% | — | ||
| Q3 25 | 14.7% | 2.8% | ||
| Q2 25 | 10.1% | 3.0% | ||
| Q1 25 | 10.0% | 6.6% | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 10.4% | 3.6% | ||
| Q2 24 | 12.0% | 4.9% | ||
| Q1 24 | 13.5% | 7.2% |
每股收益（稀释后）CNPTNET
| Q4 25 | $0.40 | $0.02 | ||
| Q3 25 | $0.45 | $0.70 | ||
| Q2 25 | $0.30 | $0.77 | ||
| Q1 25 | $0.45 | $1.71 | ||
| Q4 24 | $0.37 | $-0.44 | ||
| Q3 24 | $0.30 | $0.89 | ||
| Q2 24 | $0.36 | $1.20 | ||
| Q1 24 | $0.55 | $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 | $548.0M | $287.0M |
| 总债务越低越好 | $20.6B | — |
| 股东权益账面价值 | $11.2B | $54.0M |
| 总资产 | $46.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.84× | — |
8季度趋势，按日历期对齐
现金及短期投资CNPTNET
| Q4 25 | $548.0M | $287.0M | ||
| Q3 25 | $616.0M | $321.0M | ||
| Q2 25 | $776.0M | $407.0M | ||
| Q1 25 | $1.9B | $349.0M | ||
| Q4 24 | $585.0M | $360.0M | ||
| Q3 24 | $643.0M | $301.0M | ||
| Q2 24 | $543.0M | $249.0M | ||
| Q1 24 | $619.0M | $383.0M |
总债务CNPTNET
| Q4 25 | $20.6B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $20.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CNPTNET
| Q4 25 | $11.2B | $54.0M | ||
| Q3 25 | $11.0B | $110.0M | ||
| Q2 25 | $11.0B | $107.0M | ||
| Q1 25 | $11.0B | $63.0M | ||
| Q4 24 | $10.7B | $69.0M | ||
| Q3 24 | $10.5B | $129.0M | ||
| Q2 24 | $10.4B | $100.0M | ||
| Q1 24 | $10.0B | $143.0M |
总资产CNPTNET
| Q4 25 | $46.5B | $3.8B | ||
| Q3 25 | $45.0B | $3.4B | ||
| Q2 25 | $44.1B | $3.7B | ||
| Q1 25 | $44.5B | $3.8B | ||
| Q4 24 | $43.8B | $4.1B | ||
| Q3 24 | $42.9B | $3.7B | ||
| Q2 24 | $41.0B | $3.7B | ||
| Q1 24 | $40.2B | $4.0B |
负债/权益比CNPTNET
| Q4 25 | 1.84× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.91× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $774.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-707.0M | $43.0M |
| 自由现金流率自由现金流/营收 | -29.0% | 3.4% |
| 资本支出强度资本支出/营收 | 60.7% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.93× | — |
| 过去12个月自由现金流最近4个季度 | $-2.4B | $234.0M |
8季度趋势，按日历期对齐
经营现金流CNPTNET
| Q4 25 | $774.0M | $61.0M | ||
| Q3 25 | $742.0M | $72.0M | ||
| Q2 25 | $560.0M | $75.0M | ||
| Q1 25 | $410.0M | $95.0M | ||
| Q4 24 | $889.0M | $65.0M | ||
| Q3 24 | $136.0M | $84.0M | ||
| Q2 24 | $576.0M | $39.0M | ||
| Q1 24 | $538.0M | $91.0M |
自由现金流CNPTNET
| Q4 25 | $-707.0M | $43.0M | ||
| Q3 25 | $-480.0M | $55.0M | ||
| Q2 25 | $-569.0M | $57.0M | ||
| Q1 25 | $-628.0M | $79.0M | ||
| Q4 24 | $-1.1B | $47.0M | ||
| Q3 24 | $-708.0M | $59.0M | ||
| Q2 24 | $-236.0M | $22.0M | ||
| Q1 24 | $-307.0M | $73.0M |
自由现金流率CNPTNET
| Q4 25 | -29.0% | 3.4% | ||
| Q3 25 | -24.1% | 4.5% | ||
| Q2 25 | -29.1% | 4.6% | ||
| Q1 25 | -21.2% | 6.1% | ||
| Q4 24 | -51.0% | 3.7% | ||
| Q3 24 | -38.3% | 4.8% | ||
| Q2 24 | -12.4% | 1.8% | ||
| Q1 24 | -11.8% | 5.8% |
资本支出强度CNPTNET
| Q4 25 | 60.7% | 1.4% | ||
| Q3 25 | 61.4% | 1.4% | ||
| Q2 25 | 57.8% | 1.5% | ||
| Q1 25 | 35.1% | 1.2% | ||
| Q4 24 | 91.3% | 1.4% | ||
| Q3 24 | 45.6% | 2.0% | ||
| Q2 24 | 42.6% | 1.4% | ||
| Q1 24 | 32.6% | 1.4% |
现金转化率CNPTNET
| Q4 25 | 2.93× | — | ||
| Q3 25 | 2.53× | 2.12× | ||
| Q2 25 | 2.83× | 2.03× | ||
| Q1 25 | 1.38× | 1.12× | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 0.70× | 1.87× | ||
| Q2 24 | 2.53× | 0.65× | ||
| Q1 24 | 1.54× | 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
CNP
| Electric Segment | $945.0M | 39% |
| Electric | $890.0M | 37% |
| Other | $603.0M | 25% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
