vs
克瑞（CR）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.的季度营收约是克瑞的1.8倍（$1.2B vs $696.4M），克瑞同比增速更快（24.9% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-40.2M），过去两年克瑞的营收复合增速更高（14.8% vs -0.6%）
克瑞是总部位于美国康涅狄格州斯坦福德的工业产品企业，1855年由理查德·泰勒·克兰创立。公司曾是美国领先卫浴配件制造商，1990年出售该业务板块，1960年起逐步转型为多元化控股集团，当前核心业务涵盖航空航天与电子、工程材料、流体处理、控制系统四大板块，服务化工等多个行业领域。
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。
CR vs TNET — 直观对比
营收规模更大
TNET
是对方的1.8倍
$696.4M
营收增速更快
CR
高出27.1%
-2.2%
自由现金流更多
TNET
多$83.2M
$-40.2M
两年增速更快
CR
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $696.4M | $1.2B |
| 净利润 | $67.1M | — |
| 毛利率 | 40.4% | — |
| 营业利润率 | 14.4% | 0.1% |
| 净利率 | 9.6% | — |
| 营收同比 | 24.9% | -2.2% |
| 净利润同比 | -37.3% | — |
| 每股收益（稀释后） | — | $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CRTNET
| Q1 26 | $696.4M | — | ||
| Q4 25 | $581.0M | $1.2B | ||
| Q3 25 | $589.2M | $1.2B | ||
| Q2 25 | $577.2M | $1.2B | ||
| Q1 25 | $557.6M | $1.3B | ||
| Q4 24 | $544.1M | $1.3B | ||
| Q3 24 | $548.3M | $1.2B | ||
| Q2 24 | $528.6M | $1.2B |
净利润CRTNET
| Q1 26 | $67.1M | — | ||
| Q4 25 | $81.7M | — | ||
| Q3 25 | $91.4M | $34.0M | ||
| Q2 25 | $86.4M | $37.0M | ||
| Q1 25 | $107.1M | $85.0M | ||
| Q4 24 | $81.0M | — | ||
| Q3 24 | $77.3M | $45.0M | ||
| Q2 24 | $71.6M | $60.0M |
毛利率CRTNET
| Q1 26 | 40.4% | — | ||
| Q4 25 | 41.6% | — | ||
| Q3 25 | 42.7% | — | ||
| Q2 25 | 42.0% | — | ||
| Q1 25 | 42.6% | — | ||
| Q4 24 | 40.9% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 40.0% | — |
营业利润率CRTNET
| Q1 26 | 14.4% | — | ||
| Q4 25 | 17.5% | 0.1% | ||
| Q3 25 | 20.1% | 4.1% | ||
| Q2 25 | 17.8% | 4.1% | ||
| Q1 25 | 18.1% | 8.9% | ||
| Q4 24 | 15.8% | -2.9% | ||
| Q3 24 | 18.1% | 4.7% | ||
| Q2 24 | 16.9% | 6.5% |
净利率CRTNET
| Q1 26 | 9.6% | — | ||
| Q4 25 | 14.1% | — | ||
| Q3 25 | 15.5% | 2.8% | ||
| Q2 25 | 15.0% | 3.0% | ||
| Q1 25 | 19.2% | 6.6% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 14.1% | 3.6% | ||
| Q2 24 | 13.5% | 4.9% |
每股收益（稀释后）CRTNET
| Q1 26 | — | — | ||
| Q4 25 | $1.40 | $0.02 | ||
| Q3 25 | $1.56 | $0.70 | ||
| Q2 25 | $1.47 | $0.77 | ||
| Q1 25 | $1.83 | $1.71 | ||
| Q4 24 | $1.37 | $-0.44 | ||
| Q3 24 | $1.33 | $0.89 | ||
| Q2 24 | $1.23 | $1.20 |
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 | $355.4M | $287.0M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $2.1B | $54.0M |
| 总资产 | $4.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资CRTNET
| Q1 26 | $355.4M | — | ||
| Q4 25 | $506.5M | $287.0M | ||
| Q3 25 | $388.2M | $321.0M | ||
| Q2 25 | $332.2M | $407.0M | ||
| Q1 25 | $435.1M | $349.0M | ||
| Q4 24 | $306.7M | $360.0M | ||
| Q3 24 | $258.2M | $301.0M | ||
| Q2 24 | $229.3M | $249.0M |
总债务CRTNET
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $247.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CRTNET
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $54.0M | ||
| Q3 25 | $2.0B | $110.0M | ||
| Q2 25 | $1.9B | $107.0M | ||
| Q1 25 | $1.8B | $63.0M | ||
| Q4 24 | $1.6B | $69.0M | ||
| Q3 24 | $1.6B | $129.0M | ||
| Q2 24 | $1.5B | $100.0M |
总资产CRTNET
| Q1 26 | $4.1B | — | ||
| Q4 25 | $3.9B | $3.8B | ||
| Q3 25 | $2.5B | $3.4B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.6B | $4.1B | ||
| Q3 24 | $2.7B | $3.7B | ||
| Q2 24 | $2.5B | $3.7B |
负债/权益比CRTNET
| Q1 26 | 0.57× | — | ||
| Q4 25 | 0.56× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-40.2M | $43.0M |
| 自由现金流率自由现金流/营收 | -5.8% | 3.4% |
| 资本支出强度资本支出/营收 | 1.5% | 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 | $361.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流CRTNET
| Q1 26 | — | — | ||
| Q4 25 | $205.8M | $61.0M | ||
| Q3 25 | $130.2M | $72.0M | ||
| Q2 25 | $105.0M | $75.0M | ||
| Q1 25 | $-46.2M | $95.0M | ||
| Q4 24 | $202.0M | $65.0M | ||
| Q3 24 | $75.4M | $84.0M | ||
| Q2 24 | $51.3M | $39.0M |
自由现金流CRTNET
| Q1 26 | $-40.2M | — | ||
| Q4 25 | $196.0M | $43.0M | ||
| Q3 25 | $116.8M | $55.0M | ||
| Q2 25 | $88.9M | $57.0M | ||
| Q1 25 | $-60.4M | $79.0M | ||
| Q4 24 | $188.2M | $47.0M | ||
| Q3 24 | $67.3M | $59.0M | ||
| Q2 24 | $44.6M | $22.0M |
自由现金流率CRTNET
| Q1 26 | -5.8% | — | ||
| Q4 25 | 33.7% | 3.4% | ||
| Q3 25 | 19.8% | 4.5% | ||
| Q2 25 | 15.4% | 4.6% | ||
| Q1 25 | -10.8% | 6.1% | ||
| Q4 24 | 34.6% | 3.7% | ||
| Q3 24 | 12.3% | 4.8% | ||
| Q2 24 | 8.4% | 1.8% |
资本支出强度CRTNET
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.7% | 1.4% | ||
| Q3 25 | 2.3% | 1.4% | ||
| Q2 25 | 2.8% | 1.5% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 2.5% | 1.4% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.3% | 1.4% |
现金转化率CRTNET
| Q1 26 | — | — | ||
| Q4 25 | 2.52× | — | ||
| Q3 25 | 1.42× | 2.12× | ||
| Q2 25 | 1.22× | 2.03× | ||
| Q1 25 | -0.43× | 1.12× | ||
| Q4 24 | 2.49× | — | ||
| Q3 24 | 0.98× | 1.87× | ||
| Q2 24 | 0.72× | 0.65× |
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
CR
| Process Flow Technologies | $378.1M | 54% |
| Aerospace & Advanced Technologies | $318.3M | 46% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
