vs
Core Natural Resources, Inc.（CNR）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Core Natural Resources, Inc.的1.2倍（$1.2B vs $1.0B），Core Natural Resources, Inc.同比增速更快（81.8% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $26.0M），过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs -0.6%）
Arch Resources（原阿奇煤炭）曾是美国煤炭开采加工企业，为美国第二大煤炭供应商，仅次于皮博迪能源，2011年占据美国国内15%的市场份额，主营低硫烟煤、次烟煤的开采、加工与销售，客户以发电企业为主。
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。
CNR vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.0B
营收增速更快
CNR
高出83.9%
-2.2%
自由现金流更多
TNET
多$17.0M
$26.0M
两年增速更快
CNR
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $-79.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -9.3% | 0.1% |
| 净利率 | -7.6% | — |
| 营收同比 | 81.8% | -2.2% |
| 净利润同比 | -356.3% | — |
| 每股收益（稀释后） | $-1.51 | $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CNRTNET
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $573.6M | $1.3B | ||
| Q3 24 | $553.4M | $1.2B | ||
| Q2 24 | $490.7M | $1.2B | ||
| Q1 24 | $546.7M | $1.3B |
净利润CNRTNET
| Q4 25 | $-79.0M | — | ||
| Q3 25 | $31.6M | $34.0M | ||
| Q2 25 | $-36.6M | $37.0M | ||
| Q1 25 | $-69.3M | $85.0M | ||
| Q4 24 | $30.8M | — | ||
| Q3 24 | $95.6M | $45.0M | ||
| Q2 24 | $58.1M | $60.0M | ||
| Q1 24 | $101.9M | $91.0M |
营业利润率CNRTNET
| Q4 25 | -9.3% | 0.1% | ||
| Q3 25 | -1.2% | 4.1% | ||
| Q2 25 | -1.7% | 4.1% | ||
| Q1 25 | -5.3% | 8.9% | ||
| Q4 24 | 6.6% | -2.9% | ||
| Q3 24 | 21.2% | 4.7% | ||
| Q2 24 | 14.6% | 6.5% | ||
| Q1 24 | 22.7% | 9.7% |
净利率CNRTNET
| Q4 25 | -7.6% | — | ||
| Q3 25 | 3.2% | 2.8% | ||
| Q2 25 | -3.3% | 3.0% | ||
| Q1 25 | -6.8% | 6.6% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 17.3% | 3.6% | ||
| Q2 24 | 11.8% | 4.9% | ||
| Q1 24 | 18.6% | 7.2% |
每股收益（稀释后）CNRTNET
| Q4 25 | $-1.51 | $0.02 | ||
| Q3 25 | $0.61 | $0.70 | ||
| Q2 25 | $-0.70 | $0.77 | ||
| Q1 25 | $-1.38 | $1.71 | ||
| Q4 24 | $1.04 | $-0.44 | ||
| Q3 24 | $3.22 | $0.89 | ||
| Q2 24 | $1.96 | $1.20 | ||
| Q1 24 | $3.39 | $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 | $432.2M | $287.0M |
| 总债务越低越好 | $354.2M | — |
| 股东权益账面价值 | $3.7B | $54.0M |
| 总资产 | $6.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
现金及短期投资CNRTNET
| Q4 25 | $432.2M | $287.0M | ||
| Q3 25 | $444.7M | $321.0M | ||
| Q2 25 | $413.2M | $407.0M | ||
| Q1 25 | $388.5M | $349.0M | ||
| Q4 24 | $460.2M | $360.0M | ||
| Q3 24 | $331.7M | $301.0M | ||
| Q2 24 | $216.1M | $249.0M | ||
| Q1 24 | $172.6M | $383.0M |
总债务CNRTNET
| Q4 25 | $354.2M | — | ||
| Q3 25 | $334.5M | — | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | — | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | — | ||
| Q1 24 | $185.5M | — |
股东权益CNRTNET
| Q4 25 | $3.7B | $54.0M | ||
| Q3 25 | $3.8B | $110.0M | ||
| Q2 25 | $3.8B | $107.0M | ||
| Q1 25 | $3.9B | $63.0M | ||
| Q4 24 | $1.6B | $69.0M | ||
| Q3 24 | $1.5B | $129.0M | ||
| Q2 24 | $1.4B | $100.0M | ||
| Q1 24 | $1.4B | $143.0M |
总资产CNRTNET
| Q4 25 | $6.1B | $3.8B | ||
| Q3 25 | $6.2B | $3.4B | ||
| Q2 25 | $6.2B | $3.7B | ||
| Q1 25 | $6.3B | $3.8B | ||
| Q4 24 | $2.9B | $4.1B | ||
| Q3 24 | $2.8B | $3.7B | ||
| Q2 24 | $2.7B | $3.7B | ||
| Q1 24 | $2.7B | $4.0B |
负债/权益比CNRTNET
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.13× | — |
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 | $107.3M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 2.5% | 3.4% |
| 资本支出强度资本支出/营收 | 7.8% | 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 | $21.2M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CNRTNET
| Q4 25 | $107.3M | $61.0M | ||
| Q3 25 | $87.9M | $72.0M | ||
| Q2 25 | $220.2M | $75.0M | ||
| Q1 25 | $-109.6M | $95.0M | ||
| Q4 24 | $121.3M | $65.0M | ||
| Q3 24 | $161.3M | $84.0M | ||
| Q2 24 | $116.3M | $39.0M | ||
| Q1 24 | $77.5M | $91.0M |
自由现金流CNRTNET
| Q4 25 | $26.0M | $43.0M | ||
| Q3 25 | $38.6M | $55.0M | ||
| Q2 25 | $131.0M | $57.0M | ||
| Q1 25 | $-174.5M | $79.0M | ||
| Q4 24 | $80.5M | $47.0M | ||
| Q3 24 | $121.9M | $59.0M | ||
| Q2 24 | $60.9M | $22.0M | ||
| Q1 24 | $35.1M | $73.0M |
自由现金流率CNRTNET
| Q4 25 | 2.5% | 3.4% | ||
| Q3 25 | 3.9% | 4.5% | ||
| Q2 25 | 11.9% | 4.6% | ||
| Q1 25 | -17.1% | 6.1% | ||
| Q4 24 | 14.0% | 3.7% | ||
| Q3 24 | 22.0% | 4.8% | ||
| Q2 24 | 12.4% | 1.8% | ||
| Q1 24 | 6.4% | 5.8% |
资本支出强度CNRTNET
| Q4 25 | 7.8% | 1.4% | ||
| Q3 25 | 4.9% | 1.4% | ||
| Q2 25 | 8.1% | 1.5% | ||
| Q1 25 | 6.4% | 1.2% | ||
| Q4 24 | 7.1% | 1.4% | ||
| Q3 24 | 7.1% | 2.0% | ||
| Q2 24 | 11.3% | 1.4% | ||
| Q1 24 | 7.7% | 1.4% |
现金转化率CNRTNET
| Q4 25 | — | — | ||
| Q3 25 | 2.78× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 3.94× | — | ||
| Q3 24 | 1.69× | 1.87× | ||
| Q2 24 | 2.00× | 0.65× | ||
| Q1 24 | 0.76× | 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
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
