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Capri Holdings Ltd（CPRI）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Capri Holdings Ltd的1.2倍（$1.2B vs $1.0B），TRINET GROUP, INC.同比增速更快（-2.2% vs -18.7%），Capri Holdings Ltd自由现金流更多（$183.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -15.2%）
卡普里控股是一家跨国时尚集团，注册于英属维尔京群岛，行政总部位于伦敦，运营办公室设在纽约。品牌由美国设计师迈克尔·高仕于1981年创立，主营服饰、鞋履、手表、手袋及其他配饰产品，截至2015年在全球拥有550余家门店，以及超过1500个店中店专柜。
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。
CPRI 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
TNET
高出16.5%
-18.7%
自由现金流更多
CPRI
多$140.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-15.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $116.0M | — |
| 毛利率 | 60.8% | — |
| 营业利润率 | 4.5% | 0.1% |
| 净利率 | 11.3% | — |
| 营收同比 | -18.7% | -2.2% |
| 净利润同比 | 121.2% | — |
| 每股收益（稀释后） | $0.96 | $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CPRITNET
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $856.0M | $1.2B | ||
| Q2 25 | $797.0M | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $878.0M | $1.2B | ||
| Q2 24 | $848.0M | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润CPRITNET
| Q4 25 | $116.0M | — | ||
| Q3 25 | $-28.0M | $34.0M | ||
| Q2 25 | $53.0M | $37.0M | ||
| Q1 25 | $-645.0M | $85.0M | ||
| Q4 24 | $-547.0M | — | ||
| Q3 24 | $24.0M | $45.0M | ||
| Q2 24 | $-14.0M | $60.0M | ||
| Q1 24 | — | $91.0M |
毛利率CPRITNET
| Q4 25 | 60.8% | — | ||
| Q3 25 | 61.0% | — | ||
| Q2 25 | 63.0% | — | ||
| Q1 25 | 64.9% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 62.3% | — | ||
| Q2 24 | 63.1% | — | ||
| Q1 24 | — | — |
营业利润率CPRITNET
| Q4 25 | 4.5% | 0.1% | ||
| Q3 25 | -1.4% | 4.1% | ||
| Q2 25 | 2.0% | 4.1% | ||
| Q1 25 | -47.5% | 8.9% | ||
| Q4 24 | 2.4% | -2.9% | ||
| Q3 24 | -0.7% | 4.7% | ||
| Q2 24 | 1.3% | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率CPRITNET
| Q4 25 | 11.3% | — | ||
| Q3 25 | -3.3% | 2.8% | ||
| Q2 25 | 6.6% | 3.0% | ||
| Q1 25 | -39.1% | 6.6% | ||
| Q4 24 | -51.2% | — | ||
| Q3 24 | 2.7% | 3.6% | ||
| Q2 24 | -1.7% | 4.9% | ||
| Q1 24 | — | 7.2% |
每股收益（稀释后）CPRITNET
| Q4 25 | $0.96 | $0.02 | ||
| Q3 25 | $-0.22 | $0.70 | ||
| Q2 25 | $0.44 | $0.77 | ||
| Q1 25 | $-5.47 | $1.71 | ||
| Q4 24 | $-4.61 | $-0.44 | ||
| Q3 24 | $0.20 | $0.89 | ||
| Q2 24 | $-0.12 | $1.20 | ||
| Q1 24 | — | $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 | $154.0M | $287.0M |
| 总债务越低越好 | $234.0M | — |
| 股东权益账面价值 | $105.0M | $54.0M |
| 总资产 | $3.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 2.23× | — |
8季度趋势，按日历期对齐
现金及短期投资CPRITNET
| Q4 25 | $154.0M | $287.0M | ||
| Q3 25 | $120.0M | $321.0M | ||
| Q2 25 | $129.0M | $407.0M | ||
| Q1 25 | $107.0M | $349.0M | ||
| Q4 24 | $356.0M | $360.0M | ||
| Q3 24 | $182.0M | $301.0M | ||
| Q2 24 | $213.0M | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务CPRITNET
| Q4 25 | $234.0M | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | — |
股东权益CPRITNET
| Q4 25 | $105.0M | $54.0M | ||
| Q3 25 | $-74.0M | $110.0M | ||
| Q2 25 | $-17.0M | $107.0M | ||
| Q1 25 | $368.0M | $63.0M | ||
| Q4 24 | $1.1B | $69.0M | ||
| Q3 24 | $1.5B | $129.0M | ||
| Q2 24 | $1.6B | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产CPRITNET
| Q4 25 | $3.3B | $3.8B | ||
| Q3 25 | $5.6B | $3.4B | ||
| Q2 25 | $5.5B | $3.7B | ||
| Q1 25 | $5.2B | $3.8B | ||
| Q4 24 | $5.9B | $4.1B | ||
| Q3 24 | $6.8B | $3.7B | ||
| Q2 24 | $6.6B | $3.7B | ||
| Q1 24 | — | $4.0B |
负债/权益比CPRITNET
| Q4 25 | 2.23× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 4.05× | — | ||
| Q4 24 | 1.38× | — | ||
| Q3 24 | 1.15× | — | ||
| Q2 24 | 1.08× | — | ||
| 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 | $202.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $183.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 17.9% | 3.4% |
| 资本支出强度资本支出/营收 | 1.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.74× | — |
| 过去12个月自由现金流最近4个季度 | $-134.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CPRITNET
| Q4 25 | $202.0M | $61.0M | ||
| Q3 25 | $-52.0M | $72.0M | ||
| Q2 25 | $-8.0M | $75.0M | ||
| Q1 25 | $-161.0M | $95.0M | ||
| Q4 24 | $309.0M | $65.0M | ||
| Q3 24 | $50.0M | $84.0M | ||
| Q2 24 | $83.0M | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流CPRITNET
| Q4 25 | $183.0M | $43.0M | ||
| Q3 25 | $-65.0M | $55.0M | ||
| Q2 25 | $-21.0M | $57.0M | ||
| Q1 25 | $-231.0M | $79.0M | ||
| Q4 24 | $287.0M | $47.0M | ||
| Q3 24 | $30.0M | $59.0M | ||
| Q2 24 | $67.0M | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率CPRITNET
| Q4 25 | 17.9% | 3.4% | ||
| Q3 25 | -7.6% | 4.5% | ||
| Q2 25 | -2.6% | 4.6% | ||
| Q1 25 | -14.0% | 6.1% | ||
| Q4 24 | 26.9% | 3.7% | ||
| Q3 24 | 3.4% | 4.8% | ||
| Q2 24 | 7.9% | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度CPRITNET
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 1.5% | 1.4% | ||
| Q2 25 | 1.6% | 1.5% | ||
| Q1 25 | 4.2% | 1.2% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 1.9% | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率CPRITNET
| Q4 25 | 1.74× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | -0.15× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.08× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 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
CPRI
| Michael Kors Segment | $593.0M | 58% |
| Other | $379.0M | 37% |
| Jimmy Choo Segment | $53.0M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
