vs
Digital Realty（DLR）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
Digital Realty的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），Digital Realty同比增速更快（16.1% vs -2.2%），过去两年Digital Realty的营收复合增速更高（9.8% vs -0.6%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
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。
DLR vs TNET — 直观对比
营收规模更大
DLR
是对方的1.3倍
$1.2B
营收增速更快
DLR
高出18.3%
-2.2%
两年增速更快
DLR
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $98.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 6.9% | 0.1% |
| 净利率 | 6.0% | — |
| 营收同比 | 16.1% | -2.2% |
| 净利润同比 | -10.3% | — |
| 每股收益（稀释后） | $0.22 | $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DLRTNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
净利润DLRTNET
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | — | ||
| Q3 25 | $67.8M | $34.0M | ||
| Q2 25 | $1.0B | $37.0M | ||
| Q1 25 | $110.0M | $85.0M | ||
| Q4 24 | $189.6M | — | ||
| Q3 24 | $51.2M | $45.0M | ||
| Q2 24 | $80.2M | $60.0M |
营业利润率DLRTNET
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 0.1% | ||
| Q3 25 | 8.8% | 4.1% | ||
| Q2 25 | 14.2% | 4.1% | ||
| Q1 25 | 13.9% | 8.9% | ||
| Q4 24 | 10.1% | -2.9% | ||
| Q3 24 | 11.8% | 4.7% | ||
| Q2 24 | 0.7% | 6.5% |
净利率DLRTNET
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 4.3% | 2.8% | ||
| Q2 25 | 69.1% | 3.0% | ||
| Q1 25 | 7.8% | 6.6% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 3.6% | 3.6% | ||
| Q2 24 | 5.9% | 4.9% |
每股收益（稀释后）DLRTNET
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $0.02 | ||
| Q3 25 | $0.15 | $0.70 | ||
| Q2 25 | $2.94 | $0.77 | ||
| Q1 25 | $0.27 | $1.71 | ||
| Q4 24 | $0.50 | $-0.44 | ||
| Q3 24 | $0.09 | $0.89 | ||
| Q2 24 | $0.20 | $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 | $3.5B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $22.9B | $54.0M |
| 总资产 | $49.4B | $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DLRTNET
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $287.0M | ||
| Q3 25 | $3.3B | $321.0M | ||
| Q2 25 | $3.6B | $407.0M | ||
| Q1 25 | $2.3B | $349.0M | ||
| Q4 24 | $3.9B | $360.0M | ||
| Q3 24 | $2.2B | $301.0M | ||
| Q2 24 | $2.3B | $249.0M |
股东权益DLRTNET
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $54.0M | ||
| Q3 25 | $23.0B | $110.0M | ||
| Q2 25 | $22.9B | $107.0M | ||
| Q1 25 | $21.3B | $63.0M | ||
| Q4 24 | $21.3B | $69.0M | ||
| Q3 24 | $21.2B | $129.0M | ||
| Q2 24 | $20.5B | $100.0M |
总资产DLRTNET
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $3.8B | ||
| Q3 25 | $48.7B | $3.4B | ||
| Q2 25 | $48.7B | $3.7B | ||
| Q1 25 | $45.1B | $3.8B | ||
| Q4 24 | $45.3B | $4.1B | ||
| Q3 24 | $45.3B | $3.7B | ||
| Q2 24 | $43.6B | $3.7B |
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 | — | 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DLRTNET
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $61.0M | ||
| Q3 25 | $652.9M | $72.0M | ||
| Q2 25 | $641.2M | $75.0M | ||
| Q1 25 | $399.1M | $95.0M | ||
| Q4 24 | $769.5M | $65.0M | ||
| Q3 24 | $566.5M | $84.0M | ||
| Q2 24 | $573.2M | $39.0M |
自由现金流DLRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M |
自由现金流率DLRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% |
资本支出强度DLRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% |
现金转化率DLRTNET
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | — | ||
| Q3 25 | 9.63× | 2.12× | ||
| Q2 25 | 0.62× | 2.03× | ||
| Q1 25 | 3.63× | 1.12× | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | 11.07× | 1.87× | ||
| Q2 24 | 7.15× | 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
DLR
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
