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DILLARD'S, INC.（DDS）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
DILLARD'S, INC.的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），DILLARD'S, INC.同比增速更快（2.9% vs -2.2%），DILLARD'S, INC.自由现金流更多（$156.2M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -16.9%）
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
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。
DDS vs TNET — 直观对比
营收规模更大
DDS
是对方的1.2倍
$1.2B
营收增速更快
DDS
高出5.1%
-2.2%
自由现金流更多
DDS
多$113.2M
$43.0M
两年增速更快
TNET
近两年复合增速
-16.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $129.8M | — |
| 毛利率 | 43.4% | — |
| 营业利润率 | 11.5% | 0.1% |
| 净利率 | 8.8% | — |
| 营收同比 | 2.9% | -2.2% |
| 净利润同比 | 4.2% | — |
| 每股收益（稀释后） | $8.31 | $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DDSTNET
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $2.0B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $2.1B | $1.3B |
净利润DDSTNET
| Q4 25 | $129.8M | — | ||
| Q3 25 | $72.8M | $34.0M | ||
| Q2 25 | $163.8M | $37.0M | ||
| Q1 25 | $214.4M | $85.0M | ||
| Q4 24 | $124.6M | — | ||
| Q3 24 | $74.5M | $45.0M | ||
| Q2 24 | $180.0M | $60.0M | ||
| Q1 24 | $250.5M | $91.0M |
毛利率DDSTNET
| Q4 25 | 43.4% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 42.6% | — | ||
| Q3 24 | 37.6% | — | ||
| Q2 24 | 44.6% | — | ||
| Q1 24 | 36.6% | — |
营业利润率DDSTNET
| Q4 25 | 11.5% | 0.1% | ||
| Q3 25 | 6.2% | 4.1% | ||
| Q2 25 | 14.0% | 4.1% | ||
| Q1 25 | 11.7% | 8.9% | ||
| Q4 24 | 11.4% | -2.9% | ||
| Q3 24 | 6.5% | 4.7% | ||
| Q2 24 | 15.2% | 6.5% | ||
| Q1 24 | 13.3% | 9.7% |
净利率DDSTNET
| Q4 25 | 8.8% | — | ||
| Q3 25 | 4.8% | 2.8% | ||
| Q2 25 | 10.7% | 3.0% | ||
| Q1 25 | 10.6% | 6.6% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 5.0% | 3.6% | ||
| Q2 24 | 11.6% | 4.9% | ||
| Q1 24 | 11.8% | 7.2% |
每股收益（稀释后）DDSTNET
| Q4 25 | $8.31 | $0.02 | ||
| Q3 25 | $4.66 | $0.70 | ||
| Q2 25 | $10.39 | $0.77 | ||
| Q1 25 | $13.41 | $1.71 | ||
| Q4 24 | $7.73 | $-0.44 | ||
| Q3 24 | $4.59 | $0.89 | ||
| Q2 24 | $11.09 | $1.20 | ||
| Q1 24 | $15.41 | $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 | $1.1B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $54.0M |
| 总资产 | $4.3B | $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DDSTNET
| Q4 25 | $1.1B | $287.0M | ||
| Q3 25 | $1.0B | $321.0M | ||
| Q2 25 | $900.5M | $407.0M | ||
| Q1 25 | $717.9M | $349.0M | ||
| Q4 24 | $980.4M | $360.0M | ||
| Q3 24 | $946.7M | $301.0M | ||
| Q2 24 | $817.8M | $249.0M | ||
| Q1 24 | $808.3M | $383.0M |
股东权益DDSTNET
| Q4 25 | $2.0B | $54.0M | ||
| Q3 25 | $1.9B | $110.0M | ||
| Q2 25 | $1.9B | $107.0M | ||
| Q1 25 | $1.8B | $63.0M | ||
| Q4 24 | $2.0B | $69.0M | ||
| Q3 24 | $1.9B | $129.0M | ||
| Q2 24 | $1.9B | $100.0M | ||
| Q1 24 | $1.7B | $143.0M |
总资产DDSTNET
| Q4 25 | $4.3B | $3.8B | ||
| Q3 25 | $3.7B | $3.4B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | $3.5B | $3.8B | ||
| Q4 24 | $4.1B | $4.1B | ||
| Q3 24 | $3.7B | $3.7B | ||
| Q2 24 | $3.9B | $3.7B | ||
| Q1 24 | $3.4B | $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 | $186.5M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $156.2M | $43.0M |
| 自由现金流率自由现金流/营收 | 10.6% | 3.4% |
| 资本支出强度资本支出/营收 | 2.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $781.3M | $234.0M |
8季度趋势，按日历期对齐
经营现金流DDSTNET
| Q4 25 | $186.5M | $61.0M | ||
| Q3 25 | $86.8M | $72.0M | ||
| Q2 25 | $232.6M | $75.0M | ||
| Q1 25 | $364.7M | $95.0M | ||
| Q4 24 | $173.5M | $65.0M | ||
| Q3 24 | $-68.4M | $84.0M | ||
| Q2 24 | $244.4M | $39.0M | ||
| Q1 24 | $436.5M | $91.0M |
自由现金流DDSTNET
| Q4 25 | $156.2M | $43.0M | ||
| Q3 25 | $60.1M | $55.0M | ||
| Q2 25 | $215.8M | $57.0M | ||
| Q1 25 | $349.3M | $79.0M | ||
| Q4 24 | $145.4M | $47.0M | ||
| Q3 24 | $-94.3M | $59.0M | ||
| Q2 24 | $209.2M | $22.0M | ||
| Q1 24 | $408.2M | $73.0M |
自由现金流率DDSTNET
| Q4 25 | 10.6% | 3.4% | ||
| Q3 25 | 4.0% | 4.5% | ||
| Q2 25 | 14.1% | 4.6% | ||
| Q1 25 | 17.3% | 6.1% | ||
| Q4 24 | 10.2% | 3.7% | ||
| Q3 24 | -6.3% | 4.8% | ||
| Q2 24 | 13.5% | 1.8% | ||
| Q1 24 | 19.2% | 5.8% |
资本支出强度DDSTNET
| Q4 25 | 2.1% | 1.4% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 2.3% | 1.4% | ||
| Q1 24 | 1.3% | 1.4% |
现金转化率DDSTNET
| Q4 25 | 1.44× | — | ||
| Q3 25 | 1.19× | 2.12× | ||
| Q2 25 | 1.42× | 2.03× | ||
| Q1 25 | 1.70× | 1.12× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | -0.92× | 1.87× | ||
| Q2 24 | 1.36× | 0.65× | ||
| Q1 24 | 1.74× | 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
DDS
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
