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Circle Internet Group, Inc.（CRCL）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Circle Internet Group, Inc.的1.7倍（$1.2B vs $739.8M），Circle Internet Group, Inc.同比增速更快（5113.5% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-14.7M）
Circle是2013年由杰里米·阿莱尔与肖恩·内维尔联合创立的支付科技企业，目前总部位于美国纽约，核心业务覆盖稳定币发行，推出了锚定美元的USDC、锚定欧元的EURC两款稳定币，同时还发行有代币化货币市场基金产品USYC。
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。
CRCL vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$739.8M
营收增速更快
CRCL
高出5115.7%
-2.2%
自由现金流更多
TNET
多$57.7M
$-14.7M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $739.8M | $1.2B |
| 净利润 | $214.4M | — |
| 毛利率 | — | — |
| 营业利润率 | 11.0% | 0.1% |
| 净利率 | 29.0% | — |
| 营收同比 | 5113.5% | -2.2% |
| 净利润同比 | 202.0% | — |
| 每股收益（稀释后） | $0.64 | $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CRCLTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $739.8M | $1.2B | ||
| Q2 25 | $658.1M | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $6.8M | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润CRCLTNET
| Q4 25 | — | — | ||
| Q3 25 | $214.4M | $34.0M | ||
| Q2 25 | $-482.1M | $37.0M | ||
| Q1 25 | — | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | $32.9M | $60.0M | ||
| Q1 24 | — | $91.0M |
营业利润率CRCLTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 11.0% | 4.1% | ||
| Q2 25 | -49.5% | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率CRCLTNET
| Q4 25 | — | — | ||
| Q3 25 | 29.0% | 2.8% | ||
| Q2 25 | -73.3% | 3.0% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | 486.5% | 4.9% | ||
| Q1 24 | — | 7.2% |
每股收益（稀释后）CRCLTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.64 | $0.70 | ||
| Q2 25 | $-4.48 | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | $0.00 | $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 | $1.3B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $54.0M |
| 总资产 | $76.8B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CRCLTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $1.3B | $321.0M | ||
| Q2 25 | $1.1B | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | $457.5M | $249.0M | ||
| Q1 24 | — | $383.0M |
股东权益CRCLTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $3.0B | $110.0M | ||
| Q2 25 | $2.4B | $107.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $129.0M | ||
| Q2 24 | $460.9M | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产CRCLTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $76.8B | $3.4B | ||
| Q2 25 | $64.2B | $3.7B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $4.0B |
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 | $-10.7M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $43.0M |
| 自由现金流率自由现金流/营收 | -2.0% | 3.4% |
| 资本支出强度资本支出/营收 | 0.5% | 1.4% |
| 现金转化率经营现金流/净利润 | -0.05× | — |
| 过去12个月自由现金流最近4个季度 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流CRCLTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $-10.7M | $72.0M | ||
| Q2 25 | $303.7M | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流CRCLTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $-14.7M | $55.0M | ||
| Q2 25 | $296.3M | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率CRCLTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | -2.0% | 4.5% | ||
| Q2 25 | 45.0% | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度CRCLTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 0.5% | 1.4% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率CRCLTNET
| Q4 25 | — | — | ||
| Q3 25 | -0.05× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
CRCL
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
