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CrowdStrike（CRWD）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CrowdStrike的1.0倍（$1.2B vs $1.2B），CrowdStrike同比增速更快（22.2% vs -2.2%），CrowdStrike自由现金流更多（$314.1M vs $43.0M），过去两年CrowdStrike的营收复合增速更高（20.8% vs -0.6%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
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。
CRWD vs TNET — 直观对比
营收规模更大
TNET
是对方的1.0倍
$1.2B
营收增速更快
CRWD
高出24.4%
-2.2%
自由现金流更多
CRWD
多$271.1M
$43.0M
两年增速更快
CRWD
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-34.0M | — |
| 毛利率 | 75.1% | — |
| 营业利润率 | -5.6% | 0.1% |
| 净利率 | -2.8% | — |
| 营收同比 | 22.2% | -2.2% |
| 净利润同比 | -102.1% | — |
| 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CRWDTNET
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $963.9M | $1.2B | ||
| Q2 24 | $921.0M | $1.2B | ||
| Q1 24 | $845.3M | $1.3B |
净利润CRWDTNET
| Q4 25 | $-34.0M | — | ||
| Q3 25 | $-77.7M | $34.0M | ||
| Q2 25 | $-110.2M | $37.0M | ||
| Q1 25 | $-92.3M | $85.0M | ||
| Q4 24 | $-16.8M | — | ||
| Q3 24 | $47.0M | $45.0M | ||
| Q2 24 | $42.8M | $60.0M | ||
| Q1 24 | $53.7M | $91.0M |
毛利率CRWDTNET
| Q4 25 | 75.1% | — | ||
| Q3 25 | 73.5% | — | ||
| Q2 25 | 73.8% | — | ||
| Q1 25 | 74.1% | — | ||
| Q4 24 | 74.7% | — | ||
| Q3 24 | 75.4% | — | ||
| Q2 24 | 75.6% | — | ||
| Q1 24 | 75.3% | — |
营业利润率CRWDTNET
| Q4 25 | -5.6% | 0.1% | ||
| Q3 25 | -9.7% | 4.1% | ||
| Q2 25 | -11.3% | 4.1% | ||
| Q1 25 | -8.1% | 8.9% | ||
| Q4 24 | -5.5% | -2.9% | ||
| Q3 24 | 1.4% | 4.7% | ||
| Q2 24 | 0.8% | 6.5% | ||
| Q1 24 | 3.5% | 9.7% |
净利率CRWDTNET
| Q4 25 | -2.8% | — | ||
| Q3 25 | -6.6% | 2.8% | ||
| Q2 25 | -10.0% | 3.0% | ||
| Q1 25 | -8.7% | 6.6% | ||
| Q4 24 | -1.7% | — | ||
| Q3 24 | 4.9% | 3.6% | ||
| Q2 24 | 4.6% | 4.9% | ||
| Q1 24 | 6.4% | 7.2% |
每股收益（稀释后）CRWDTNET
| Q4 25 | $-0.14 | $0.02 | ||
| Q3 25 | $-0.31 | $0.70 | ||
| Q2 25 | $-0.44 | $0.77 | ||
| Q1 25 | $-0.37 | $1.71 | ||
| Q4 24 | $-0.07 | $-0.44 | ||
| Q3 24 | $0.19 | $0.89 | ||
| Q2 24 | $0.17 | $1.20 | ||
| Q1 24 | $0.23 | $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 | $4.8B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $54.0M |
| 总资产 | $10.0B | $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CRWDTNET
| Q4 25 | $4.8B | $287.0M | ||
| Q3 25 | $5.0B | $321.0M | ||
| Q2 25 | $4.6B | $407.0M | ||
| Q1 25 | $4.3B | $349.0M | ||
| Q4 24 | $4.3B | $360.0M | ||
| Q3 24 | $4.0B | $301.0M | ||
| Q2 24 | $3.7B | $249.0M | ||
| Q1 24 | $3.5B | $383.0M |
股东权益CRWDTNET
| Q4 25 | $4.0B | $54.0M | ||
| Q3 25 | $3.8B | $110.0M | ||
| Q2 25 | $3.5B | $107.0M | ||
| Q1 25 | $3.3B | $63.0M | ||
| Q4 24 | $3.1B | $69.0M | ||
| Q3 24 | $2.9B | $129.0M | ||
| Q2 24 | $2.5B | $100.0M | ||
| Q1 24 | $2.3B | $143.0M |
总资产CRWDTNET
| Q4 25 | $10.0B | $3.8B | ||
| Q3 25 | $9.3B | $3.4B | ||
| Q2 25 | $8.7B | $3.7B | ||
| Q1 25 | $8.7B | $3.8B | ||
| Q4 24 | $7.8B | $4.1B | ||
| Q3 24 | $7.2B | $3.7B | ||
| Q2 24 | $6.8B | $3.7B | ||
| Q1 24 | $6.6B | $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 | $397.5M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $43.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 3.4% |
| 资本支出强度资本支出/营收 | 6.8% | 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 | $1.2B | $234.0M |
8季度趋势，按日历期对齐
经营现金流CRWDTNET
| Q4 25 | $397.5M | $61.0M | ||
| Q3 25 | $332.8M | $72.0M | ||
| Q2 25 | $384.1M | $75.0M | ||
| Q1 25 | $345.7M | $95.0M | ||
| Q4 24 | $326.1M | $65.0M | ||
| Q3 24 | $326.6M | $84.0M | ||
| Q2 24 | $383.2M | $39.0M | ||
| Q1 24 | $347.0M | $91.0M |
自由现金流CRWDTNET
| Q4 25 | $314.1M | $43.0M | ||
| Q3 25 | $302.3M | $55.0M | ||
| Q2 25 | $298.4M | $57.0M | ||
| Q1 25 | $258.5M | $79.0M | ||
| Q4 24 | $247.4M | $47.0M | ||
| Q3 24 | $287.4M | $59.0M | ||
| Q2 24 | $333.5M | $22.0M | ||
| Q1 24 | $294.4M | $73.0M |
自由现金流率CRWDTNET
| Q4 25 | 25.5% | 3.4% | ||
| Q3 25 | 25.9% | 4.5% | ||
| Q2 25 | 27.0% | 4.6% | ||
| Q1 25 | 24.4% | 6.1% | ||
| Q4 24 | 24.5% | 3.7% | ||
| Q3 24 | 29.8% | 4.8% | ||
| Q2 24 | 36.2% | 1.8% | ||
| Q1 24 | 34.8% | 5.8% |
资本支出强度CRWDTNET
| Q4 25 | 6.8% | 1.4% | ||
| Q3 25 | 2.6% | 1.4% | ||
| Q2 25 | 7.8% | 1.5% | ||
| Q1 25 | 8.2% | 1.2% | ||
| Q4 24 | 7.8% | 1.4% | ||
| Q3 24 | 4.1% | 2.0% | ||
| Q2 24 | 5.4% | 1.4% | ||
| Q1 24 | 6.2% | 1.4% |
现金转化率CRWDTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | 1.87× | ||
| Q2 24 | 8.95× | 0.65× | ||
| Q1 24 | 6.46× | 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
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
