vs
CVR ENERGY INC（CVI）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
CVR ENERGY INC的季度营收约是TRINET GROUP, INC.的1.5倍（$1.8B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -7.0%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -1.4%）
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
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。
CVI vs TNET — 直观对比
营收规模更大
CVI
是对方的1.5倍
$1.2B
营收增速更快
TNET
高出4.8%
-7.0%
两年增速更快
TNET
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $-110.0M | — |
| 毛利率 | -3.1% | — |
| 营业利润率 | -5.3% | 0.1% |
| 净利率 | -6.1% | — |
| 营收同比 | -7.0% | -2.2% |
| 净利润同比 | -492.9% | — |
| 每股收益（稀释后） | $-1.09 | $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CVITNET
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.9B | $1.3B |
净利润CVITNET
| Q4 25 | $-110.0M | — | ||
| Q3 25 | $374.0M | $34.0M | ||
| Q2 25 | $-114.0M | $37.0M | ||
| Q1 25 | $-123.0M | $85.0M | ||
| Q4 24 | $28.0M | — | ||
| Q3 24 | $-124.0M | $45.0M | ||
| Q2 24 | $21.0M | $60.0M | ||
| Q1 24 | $82.0M | $91.0M |
毛利率CVITNET
| Q4 25 | -3.1% | — | ||
| Q3 25 | 28.8% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -5.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CVITNET
| Q4 25 | -5.3% | 0.1% | ||
| Q3 25 | 26.3% | 4.1% | ||
| Q2 25 | -5.8% | 4.1% | ||
| Q1 25 | -8.0% | 8.9% | ||
| Q4 24 | 1.1% | -2.9% | ||
| Q3 24 | -6.2% | 4.7% | ||
| Q2 24 | 1.4% | 6.5% | ||
| Q1 24 | 6.6% | 9.7% |
净利率CVITNET
| Q4 25 | -6.1% | — | ||
| Q3 25 | 19.2% | 2.8% | ||
| Q2 25 | -6.5% | 3.0% | ||
| Q1 25 | -7.5% | 6.6% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | -6.8% | 3.6% | ||
| Q2 24 | 1.1% | 4.9% | ||
| Q1 24 | 4.4% | 7.2% |
每股收益（稀释后）CVITNET
| Q4 25 | $-1.09 | $0.02 | ||
| Q3 25 | $3.72 | $0.70 | ||
| Q2 25 | $-1.14 | $0.77 | ||
| Q1 25 | $-1.22 | $1.71 | ||
| Q4 24 | $0.28 | $-0.44 | ||
| Q3 24 | $-1.24 | $0.89 | ||
| Q2 24 | $0.21 | $1.20 | ||
| Q1 24 | $0.81 | $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 | $511.0M | $287.0M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $730.0M | $54.0M |
| 总资产 | $3.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 2.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CVITNET
| Q4 25 | $511.0M | $287.0M | ||
| Q3 25 | $670.0M | $321.0M | ||
| Q2 25 | $596.0M | $407.0M | ||
| Q1 25 | $695.0M | $349.0M | ||
| Q4 24 | $987.0M | $360.0M | ||
| Q3 24 | $534.0M | $301.0M | ||
| Q2 24 | $586.0M | $249.0M | ||
| Q1 24 | $644.0M | $383.0M |
总债务CVITNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
股东权益CVITNET
| Q4 25 | $730.0M | $54.0M | ||
| Q3 25 | $840.0M | $110.0M | ||
| Q2 25 | $466.0M | $107.0M | ||
| Q1 25 | $580.0M | $63.0M | ||
| Q4 24 | $703.0M | $69.0M | ||
| Q3 24 | $675.0M | $129.0M | ||
| Q2 24 | $849.0M | $100.0M | ||
| Q1 24 | $879.0M | $143.0M |
总资产CVITNET
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $4.0B | $3.4B | ||
| Q2 25 | $4.0B | $3.7B | ||
| Q1 25 | $4.3B | $3.8B | ||
| Q4 24 | $4.3B | $4.1B | ||
| Q3 24 | $3.9B | $3.7B | ||
| Q2 24 | $4.0B | $3.7B | ||
| Q1 24 | $4.1B | $4.0B |
负债/权益比CVITNET
| Q4 25 | 2.40× | — | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 2.71× | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 1.79× | — |
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 | $0 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | 3.0% | 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 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流CVITNET
| Q4 25 | $0 | $61.0M | ||
| Q3 25 | $163.0M | $72.0M | ||
| Q2 25 | $176.0M | $75.0M | ||
| Q1 25 | $-195.0M | $95.0M | ||
| Q4 24 | $98.0M | $65.0M | ||
| Q3 24 | $48.0M | $84.0M | ||
| Q2 24 | $81.0M | $39.0M | ||
| Q1 24 | $177.0M | $91.0M |
自由现金流CVITNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $125.0M | $55.0M | ||
| Q2 25 | $135.0M | $57.0M | ||
| Q1 25 | $-246.0M | $79.0M | ||
| Q4 24 | $43.0M | $47.0M | ||
| Q3 24 | $14.0M | $59.0M | ||
| Q2 24 | $38.0M | $22.0M | ||
| Q1 24 | $130.0M | $73.0M |
自由现金流率CVITNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | 6.4% | 4.5% | ||
| Q2 25 | 7.7% | 4.6% | ||
| Q1 25 | -14.9% | 6.1% | ||
| Q4 24 | 2.2% | 3.7% | ||
| Q3 24 | 0.8% | 4.8% | ||
| Q2 24 | 1.9% | 1.8% | ||
| Q1 24 | 7.0% | 5.8% |
资本支出强度CVITNET
| Q4 25 | 3.0% | 1.4% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 2.3% | 1.5% | ||
| Q1 25 | 3.1% | 1.2% | ||
| Q4 24 | 2.8% | 1.4% | ||
| Q3 24 | 1.9% | 2.0% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | 2.5% | 1.4% |
现金转化率CVITNET
| Q4 25 | — | — | ||
| Q3 25 | 0.44× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 3.86× | 0.65× | ||
| Q1 24 | 2.16× | 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
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
