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美国艺电（EA）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
美国艺电的季度营收约是TRINET GROUP, INC.的1.5倍（$1.9B vs $1.2B），美国艺电同比增速更快（1.0% vs -2.2%），过去两年美国艺电的营收复合增速更高（3.4% vs -0.6%）
美国艺电（EA）是总部位于美国加利福尼亚州雷德伍德城的电子游戏企业，1982年5月由前苹果员工特里普·霍金斯创立。作为早期家用电脑游戏行业的先驱，公司将旗下游戏设计师与程序员称作“软件艺术家”，是全球知名的游戏厂商。
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。
EA vs TNET — 直观对比
营收规模更大
EA
是对方的1.5倍
$1.2B
营收增速更快
EA
高出3.2%
-2.2%
两年增速更快
EA
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $88.0M | — |
| 毛利率 | 73.8% | — |
| 营业利润率 | 6.7% | 0.1% |
| 净利率 | 4.6% | — |
| 营收同比 | 1.0% | -2.2% |
| 净利润同比 | -70.0% | — |
| 每股收益（稀释后） | $0.35 | $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EATNET
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.8B | $1.3B |
净利润EATNET
| Q4 25 | $88.0M | — | ||
| Q3 25 | $137.0M | $34.0M | ||
| Q2 25 | $201.0M | $37.0M | ||
| Q1 25 | $254.0M | $85.0M | ||
| Q4 24 | $293.0M | — | ||
| Q3 24 | $294.0M | $45.0M | ||
| Q2 24 | $280.0M | $60.0M | ||
| Q1 24 | $182.0M | $91.0M |
毛利率EATNET
| Q4 25 | 73.8% | — | ||
| Q3 25 | 75.9% | — | ||
| Q2 25 | 83.3% | — | ||
| Q1 25 | 80.6% | — | ||
| Q4 24 | 75.8% | — | ||
| Q3 24 | 77.5% | — | ||
| Q2 24 | 84.2% | — | ||
| Q1 24 | 79.9% | — |
营业利润率EATNET
| Q4 25 | 6.7% | 0.1% | ||
| Q3 25 | 10.9% | 4.1% | ||
| Q2 25 | 16.2% | 4.1% | ||
| Q1 25 | 20.8% | 8.9% | ||
| Q4 24 | 20.0% | -2.9% | ||
| Q3 24 | 19.0% | 4.7% | ||
| Q2 24 | 21.9% | 6.5% | ||
| Q1 24 | 13.2% | 9.7% |
净利率EATNET
| Q4 25 | 4.6% | — | ||
| Q3 25 | 7.4% | 2.8% | ||
| Q2 25 | 12.0% | 3.0% | ||
| Q1 25 | 13.4% | 6.6% | ||
| Q4 24 | 15.6% | — | ||
| Q3 24 | 14.5% | 3.6% | ||
| Q2 24 | 16.9% | 4.9% | ||
| Q1 24 | 10.2% | 7.2% |
每股收益（稀释后）EATNET
| Q4 25 | $0.35 | $0.02 | ||
| Q3 25 | $0.54 | $0.70 | ||
| Q2 25 | $0.79 | $0.77 | ||
| Q1 25 | $0.99 | $1.71 | ||
| Q4 24 | $1.11 | $-0.44 | ||
| Q3 24 | $1.11 | $0.89 | ||
| Q2 24 | $1.04 | $1.20 | ||
| Q1 24 | $0.67 | $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 | $2.8B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $54.0M |
| 总资产 | $13.3B | $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EATNET
| Q4 25 | $2.8B | $287.0M | ||
| Q3 25 | $1.1B | $321.0M | ||
| Q2 25 | $1.5B | $407.0M | ||
| Q1 25 | $2.1B | $349.0M | ||
| Q4 24 | $2.8B | $360.0M | ||
| Q3 24 | $2.2B | $301.0M | ||
| Q2 24 | $2.4B | $249.0M | ||
| Q1 24 | $2.9B | $383.0M |
股东权益EATNET
| Q4 25 | $6.2B | $54.0M | ||
| Q3 25 | $6.0B | $110.0M | ||
| Q2 25 | $6.1B | $107.0M | ||
| Q1 25 | $6.4B | $63.0M | ||
| Q4 24 | $7.4B | $69.0M | ||
| Q3 24 | $7.4B | $129.0M | ||
| Q2 24 | $7.4B | $100.0M | ||
| Q1 24 | $7.5B | $143.0M |
总资产EATNET
| Q4 25 | $13.3B | $3.8B | ||
| Q3 25 | $11.9B | $3.4B | ||
| Q2 25 | $11.7B | $3.7B | ||
| Q1 25 | $12.4B | $3.8B | ||
| Q4 24 | $13.5B | $4.1B | ||
| Q3 24 | $13.1B | $3.7B | ||
| Q2 24 | $12.7B | $3.7B | ||
| Q1 24 | $13.4B | $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 | $1.8B | $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 | 20.75× | — |
| 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EATNET
| Q4 25 | $1.8B | $61.0M | ||
| Q3 25 | $130.0M | $72.0M | ||
| Q2 25 | $17.0M | $75.0M | ||
| Q1 25 | $549.0M | $95.0M | ||
| Q4 24 | $1.2B | $65.0M | ||
| Q3 24 | $234.0M | $84.0M | ||
| Q2 24 | $120.0M | $39.0M | ||
| Q1 24 | $580.0M | $91.0M |
自由现金流EATNET
| 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 | ||
| Q1 24 | — | $73.0M |
自由现金流率EATNET
| 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% | ||
| Q1 24 | — | 5.8% |
资本支出强度EATNET
| 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% | ||
| Q1 24 | — | 1.4% |
现金转化率EATNET
| Q4 25 | 20.75× | — | ||
| Q3 25 | 0.95× | 2.12× | ||
| Q2 25 | 0.08× | 2.03× | ||
| Q1 25 | 2.16× | 1.12× | ||
| Q4 24 | 4.01× | — | ||
| Q3 24 | 0.80× | 1.87× | ||
| Q2 24 | 0.43× | 0.65× | ||
| Q1 24 | 3.19× | 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
EA
| Live Services And Other Net Revenue | $1.3B | 67% |
| PC And Other Net Revenue | $465.0M | 24% |
| Packaged Goods Net Revenue | $86.0M | 5% |
| Other | $56.0M | 3% |
| Estimated Service Offering Period | $25.0M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
