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科蒂（COTY）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
科蒂的季度营收约是TRINET GROUP, INC.的1.3倍（$1.7B vs $1.2B），科蒂同比增速更快（0.5% vs -2.2%），科蒂自由现金流更多（$513.1M vs $43.0M），过去两年科蒂的营收复合增速更高（10.1% vs -0.6%）
科蒂是1904年由弗朗索瓦·科蒂在巴黎创立的跨国美妆企业，现注册地为美国特拉华州，全球总部位于荷兰阿姆斯特丹。旗下业务覆盖香水、彩妆、护肤、美甲产品以及专业线和零售线护发产品的研发、生产、营销与分销，截至2024年共拥有约40个品牌。
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。
COTY vs TNET — 直观对比
营收规模更大
COTY
是对方的1.3倍
$1.2B
营收增速更快
COTY
高出2.7%
-2.2%
自由现金流更多
COTY
多$470.1M
$43.0M
两年增速更快
COTY
近两年复合增速
-0.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $-123.6M | — |
| 毛利率 | 63.8% | — |
| 营业利润率 | 8.8% | 0.1% |
| 净利率 | -7.4% | — |
| 营收同比 | 0.5% | -2.2% |
| 净利润同比 | -621.5% | — |
| 每股收益（稀释后） | $-0.14 | $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COTYTNET
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
净利润COTYTNET
| Q4 25 | $-123.6M | — | ||
| Q3 25 | $67.9M | $34.0M | ||
| Q2 25 | $-68.8M | $37.0M | ||
| Q1 25 | $-405.7M | $85.0M | ||
| Q4 24 | $23.7M | — | ||
| Q3 24 | $82.9M | $45.0M | ||
| Q2 24 | $-96.9M | $60.0M | ||
| Q1 24 | $3.8M | $91.0M |
毛利率COTYTNET
| Q4 25 | 63.8% | — | ||
| Q3 25 | 64.5% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 64.1% | — | ||
| Q4 24 | 66.7% | — | ||
| Q3 24 | 65.5% | — | ||
| Q2 24 | 64.2% | — | ||
| Q1 24 | 64.8% | — |
营业利润率COTYTNET
| Q4 25 | 8.8% | 0.1% | ||
| Q3 25 | 11.7% | 4.1% | ||
| Q2 25 | 1.2% | 4.1% | ||
| Q1 25 | -21.6% | 8.9% | ||
| Q4 24 | 16.1% | -2.9% | ||
| Q3 24 | 14.2% | 4.7% | ||
| Q2 24 | 2.5% | 6.5% | ||
| Q1 24 | 5.6% | 9.7% |
净利率COTYTNET
| Q4 25 | -7.4% | — | ||
| Q3 25 | 4.3% | 2.8% | ||
| Q2 25 | -5.5% | 3.0% | ||
| Q1 25 | -31.2% | 6.6% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 5.0% | 3.6% | ||
| Q2 24 | -7.1% | 4.9% | ||
| Q1 24 | 0.3% | 7.2% |
每股收益（稀释后）COTYTNET
| Q4 25 | $-0.14 | $0.02 | ||
| Q3 25 | $0.07 | $0.70 | ||
| Q2 25 | $-0.08 | $0.77 | ||
| Q1 25 | $-0.47 | $1.71 | ||
| Q4 24 | $0.02 | $-0.44 | ||
| Q3 24 | $0.09 | $0.89 | ||
| Q2 24 | $-0.11 | $1.20 | ||
| Q1 24 | $0.00 | $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 | $436.7M | $287.0M |
| 总债务越低越好 | $3.0B | — |
| 股东权益账面价值 | $3.5B | $54.0M |
| 总资产 | $11.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.85× | — |
8季度趋势，按日历期对齐
现金及短期投资COTYTNET
| Q4 25 | $436.7M | $287.0M | ||
| Q3 25 | $264.6M | $321.0M | ||
| Q2 25 | $257.1M | $407.0M | ||
| Q1 25 | $243.5M | $349.0M | ||
| Q4 24 | $249.6M | $360.0M | ||
| Q3 24 | $283.6M | $301.0M | ||
| Q2 24 | $300.8M | $249.0M | ||
| Q1 24 | $260.2M | $383.0M |
总债务COTYTNET
| Q4 25 | $3.0B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.9B | — |
股东权益COTYTNET
| Q4 25 | $3.5B | $54.0M | ||
| Q3 25 | $3.6B | $110.0M | ||
| Q2 25 | $3.5B | $107.0M | ||
| Q1 25 | $3.5B | $63.0M | ||
| Q4 24 | $3.8B | $69.0M | ||
| Q3 24 | $4.0B | $129.0M | ||
| Q2 24 | $3.8B | $100.0M | ||
| Q1 24 | $4.0B | $143.0M |
总资产COTYTNET
| Q4 25 | $11.1B | $3.8B | ||
| Q3 25 | $12.1B | $3.4B | ||
| Q2 25 | $11.9B | $3.7B | ||
| Q1 25 | $11.5B | $3.8B | ||
| Q4 24 | $11.7B | $4.1B | ||
| Q3 24 | $12.5B | $3.7B | ||
| Q2 24 | $12.1B | $3.7B | ||
| Q1 24 | $12.3B | $4.0B |
负债/权益比COTYTNET
| Q4 25 | 0.85× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.09× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.97× | — | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.98× | — |
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 | $559.7M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $513.1M | $43.0M |
| 自由现金流率自由现金流/营收 | 30.6% | 3.4% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $390.8M | $234.0M |
8季度趋势，按日历期对齐
经营现金流COTYTNET
| Q4 25 | $559.7M | $61.0M | ||
| Q3 25 | $65.2M | $72.0M | ||
| Q2 25 | $83.2M | $75.0M | ||
| Q1 25 | $-122.5M | $95.0M | ||
| Q4 24 | $464.5M | $65.0M | ||
| Q3 24 | $67.4M | $84.0M | ||
| Q2 24 | $176.5M | $39.0M | ||
| Q1 24 | $-170.0M | $91.0M |
自由现金流COTYTNET
| Q4 25 | $513.1M | $43.0M | ||
| Q3 25 | $11.2M | $55.0M | ||
| Q2 25 | $34.9M | $57.0M | ||
| Q1 25 | $-168.4M | $79.0M | ||
| Q4 24 | $419.0M | $47.0M | ||
| Q3 24 | $-7.9M | $59.0M | ||
| Q2 24 | $116.7M | $22.0M | ||
| Q1 24 | $-234.3M | $73.0M |
自由现金流率COTYTNET
| Q4 25 | 30.6% | 3.4% | ||
| Q3 25 | 0.7% | 4.5% | ||
| Q2 25 | 2.8% | 4.6% | ||
| Q1 25 | -13.0% | 6.1% | ||
| Q4 24 | 25.1% | 3.7% | ||
| Q3 24 | -0.5% | 4.8% | ||
| Q2 24 | 8.6% | 1.8% | ||
| Q1 24 | -16.9% | 5.8% |
资本支出强度COTYTNET
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | 3.9% | 1.5% | ||
| Q1 25 | 3.5% | 1.2% | ||
| Q4 24 | 2.7% | 1.4% | ||
| Q3 24 | 4.5% | 2.0% | ||
| Q2 24 | 4.4% | 1.4% | ||
| Q1 24 | 4.6% | 1.4% |
现金转化率COTYTNET
| Q4 25 | — | — | ||
| Q3 25 | 0.96× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 19.60× | — | ||
| Q3 24 | 0.81× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | -44.74× | 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
COTY
| Prestige | $1.1B | 68% |
| Consumer Beauty | $545.0M | 32% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
