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杜邦（DD）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
杜邦的季度营收约是TRINET GROUP, INC.的1.3倍（$1.7B vs $1.2B），杜邦同比增速更快（4.0% vs -2.2%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -27.2%）
杜邦（DuPont de Nemours, Inc.）是1802年由法裔美国化学家、实业家埃莱乌泰尔·伊雷内·杜邦创立的美国跨国化工企业，最初以火药供应为核心业务起家，在发展过程中对美国特拉华州的建设推进起到了重要作用，业务布局覆盖全球多个地区。
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。
DD vs TNET — 直观对比
营收规模更大
DD
是对方的1.3倍
$1.2B
营收增速更快
DD
高出6.2%
-2.2%
两年增速更快
TNET
近两年复合增速
-27.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $164.0M | — |
| 毛利率 | 35.8% | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 9.8% | — |
| 营收同比 | 4.0% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.36 | $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DDTNET
| Q1 26 | $1.7B | — | ||
| Q4 25 | $-2.5B | $1.2B | ||
| Q3 25 | $3.1B | $1.2B | ||
| Q2 25 | $3.3B | $1.2B | ||
| Q1 25 | $3.1B | $1.3B | ||
| Q4 24 | $3.1B | $1.3B | ||
| Q3 24 | $3.2B | $1.2B | ||
| Q2 24 | $3.2B | $1.2B |
净利润DDTNET
| Q1 26 | $164.0M | — | ||
| Q4 25 | $-126.0M | — | ||
| Q3 25 | $-123.0M | $34.0M | ||
| Q2 25 | $59.0M | $37.0M | ||
| Q1 25 | $-589.0M | $85.0M | ||
| Q4 24 | $-118.0M | — | ||
| Q3 24 | $454.0M | $45.0M | ||
| Q2 24 | $178.0M | $60.0M |
毛利率DDTNET
| Q1 26 | 35.8% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 38.9% | — | ||
| Q2 25 | 37.3% | — | ||
| Q1 25 | 37.4% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 37.1% | — |
营业利润率DDTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | 10.6% | 4.1% | ||
| Q2 25 | 9.4% | 4.1% | ||
| Q1 25 | -14.0% | 8.9% | ||
| Q4 24 | 1.4% | -2.9% | ||
| Q3 24 | 18.4% | 4.7% | ||
| Q2 24 | 9.3% | 6.5% |
净利率DDTNET
| Q1 26 | 9.8% | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | -4.0% | 2.8% | ||
| Q2 25 | 1.8% | 3.0% | ||
| Q1 25 | -19.2% | 6.6% | ||
| Q4 24 | -3.8% | — | ||
| Q3 24 | 14.2% | 3.6% | ||
| Q2 24 | 5.6% | 4.9% |
每股收益（稀释后）DDTNET
| Q1 26 | $0.36 | — | ||
| Q4 25 | $-0.30 | $0.02 | ||
| Q3 25 | $-0.29 | $0.70 | ||
| Q2 25 | $0.14 | $0.77 | ||
| Q1 25 | $-1.41 | $1.71 | ||
| Q4 24 | $-0.28 | $-0.44 | ||
| Q3 24 | $1.08 | $0.89 | ||
| Q2 24 | $0.42 | $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 | $710.0M | $287.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $14.2B | $54.0M |
| 总资产 | $21.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.22× | — |
8季度趋势，按日历期对齐
现金及短期投资DDTNET
| Q1 26 | $710.0M | — | ||
| Q4 25 | $715.0M | $287.0M | ||
| Q3 25 | $2.0B | $321.0M | ||
| Q2 25 | $1.8B | $407.0M | ||
| Q1 25 | $1.8B | $349.0M | ||
| Q4 24 | $1.9B | $360.0M | ||
| Q3 24 | $1.6B | $301.0M | ||
| Q2 24 | $1.5B | $249.0M |
总债务DDTNET
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $5.3B | — | ||
| Q1 25 | $5.3B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $7.2B | — | ||
| Q2 24 | $7.2B | — |
股东权益DDTNET
| Q1 26 | $14.2B | — | ||
| Q4 25 | $13.9B | $54.0M | ||
| Q3 25 | $22.9B | $110.0M | ||
| Q2 25 | $23.1B | $107.0M | ||
| Q1 25 | $22.8B | $63.0M | ||
| Q4 24 | $23.4B | $69.0M | ||
| Q3 24 | $24.2B | $129.0M | ||
| Q2 24 | $23.3B | $100.0M |
总资产DDTNET
| Q1 26 | $21.4B | — | ||
| Q4 25 | $21.6B | $3.8B | ||
| Q3 25 | $38.0B | $3.4B | ||
| Q2 25 | $36.6B | $3.7B | ||
| Q1 25 | $36.0B | $3.8B | ||
| Q4 24 | $36.6B | $4.1B | ||
| Q3 24 | $37.5B | $3.7B | ||
| Q2 24 | $36.6B | $3.7B |
负债/权益比DDTNET
| Q1 26 | 0.22× | — | ||
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.23× | — | ||
| Q4 24 | 0.23× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.31× | — |
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 | — | $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 | 6.1% | 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DDTNET
| Q1 26 | — | — | ||
| Q4 25 | $-700.0M | $61.0M | ||
| Q3 25 | $497.0M | $72.0M | ||
| Q2 25 | $381.0M | $75.0M | ||
| Q1 25 | $382.0M | $95.0M | ||
| Q4 24 | $564.0M | $65.0M | ||
| Q3 24 | $737.0M | $84.0M | ||
| Q2 24 | $527.0M | $39.0M |
自由现金流DDTNET
| Q1 26 | — | — | ||
| Q4 25 | $-850.0M | $43.0M | ||
| Q3 25 | $379.0M | $55.0M | ||
| Q2 25 | $265.0M | $57.0M | ||
| Q1 25 | $133.0M | $79.0M | ||
| Q4 24 | $403.0M | $47.0M | ||
| Q3 24 | $628.0M | $59.0M | ||
| Q2 24 | $425.0M | $22.0M |
自由现金流率DDTNET
| Q1 26 | — | — | ||
| Q4 25 | 33.4% | 3.4% | ||
| Q3 25 | 12.3% | 4.5% | ||
| Q2 25 | 8.1% | 4.6% | ||
| Q1 25 | 4.3% | 6.1% | ||
| Q4 24 | 13.0% | 3.7% | ||
| Q3 24 | 19.7% | 4.8% | ||
| Q2 24 | 13.4% | 1.8% |
资本支出强度DDTNET
| Q1 26 | 6.1% | — | ||
| Q4 25 | -5.9% | 1.4% | ||
| Q3 25 | 3.8% | 1.4% | ||
| Q2 25 | 3.6% | 1.5% | ||
| Q1 25 | 8.1% | 1.2% | ||
| Q4 24 | 5.2% | 1.4% | ||
| Q3 24 | 3.4% | 2.0% | ||
| Q2 24 | 3.2% | 1.4% |
现金转化率DDTNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 6.46× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.62× | 1.87× | ||
| Q2 24 | 2.96× | 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
DD
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
