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Equinix（EQIX）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
Equinix的季度营收约是TRINET GROUP, INC.的1.9倍（$2.4B vs $1.2B），Equinix同比增速更快（8.8% vs -2.2%），过去两年Equinix的营收复合增速更高（5.9% vs -0.6%）
Equinix是总部位于美国加利福尼亚州雷德伍德城的跨国企业，主营互联网连接服务与数据中心托管业务，旗下数据中心此前常被业内称为“运营商酒店”，2015年1月公司正式转型为房地产投资信托基金（REIT）。
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。
EQIX vs TNET — 直观对比
营收规模更大
EQIX
是对方的1.9倍
$1.2B
营收增速更快
EQIX
高出11.0%
-2.2%
两年增速更快
EQIX
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $265.0M | — |
| 毛利率 | 50.5% | — |
| 营业利润率 | 17.4% | 0.1% |
| 净利率 | 11.0% | — |
| 营收同比 | 8.8% | -2.2% |
| 净利润同比 | -22.7% | — |
| 每股收益（稀释后） | $2.70 | $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EQIXTNET
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.3B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B |
净利润EQIXTNET
| Q1 26 | $265.0M | — | ||
| Q4 25 | $265.0M | — | ||
| Q3 25 | $374.0M | $34.0M | ||
| Q2 25 | $368.0M | $37.0M | ||
| Q1 25 | $343.0M | $85.0M | ||
| Q4 24 | $-14.0M | — | ||
| Q3 24 | $297.0M | $45.0M | ||
| Q2 24 | $301.0M | $60.0M |
毛利率EQIXTNET
| Q1 26 | 50.5% | — | ||
| Q4 25 | 50.5% | — | ||
| Q3 25 | 50.7% | — | ||
| Q2 25 | 52.0% | — | ||
| Q1 25 | 51.3% | — | ||
| Q4 24 | 47.1% | — | ||
| Q3 24 | 50.1% | — | ||
| Q2 24 | 49.9% | — |
营业利润率EQIXTNET
| Q1 26 | 17.4% | — | ||
| Q4 25 | 17.4% | 0.1% | ||
| Q3 25 | 20.5% | 4.1% | ||
| Q2 25 | 21.9% | 4.1% | ||
| Q1 25 | 20.6% | 8.9% | ||
| Q4 24 | 4.6% | -2.9% | ||
| Q3 24 | 19.3% | 4.7% | ||
| Q2 24 | 20.2% | 6.5% |
净利率EQIXTNET
| Q1 26 | 11.0% | — | ||
| Q4 25 | 11.0% | — | ||
| Q3 25 | 16.1% | 2.8% | ||
| Q2 25 | 16.3% | 3.0% | ||
| Q1 25 | 15.4% | 6.6% | ||
| Q4 24 | -0.6% | — | ||
| Q3 24 | 13.5% | 3.6% | ||
| Q2 24 | 13.9% | 4.9% |
每股收益（稀释后）EQIXTNET
| Q1 26 | $2.70 | — | ||
| Q4 25 | $2.70 | $0.02 | ||
| Q3 25 | $3.81 | $0.70 | ||
| Q2 25 | $3.75 | $0.77 | ||
| Q1 25 | $3.50 | $1.71 | ||
| Q4 24 | $-0.19 | $-0.44 | ||
| Q3 24 | $3.10 | $0.89 | ||
| Q2 24 | $3.16 | $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 | $3.2B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $14.2B | $54.0M |
| 总资产 | $40.1B | $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EQIXTNET
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $287.0M | ||
| Q3 25 | $2.9B | $321.0M | ||
| Q2 25 | $4.5B | $407.0M | ||
| Q1 25 | $3.7B | $349.0M | ||
| Q4 24 | $3.6B | $360.0M | ||
| Q3 24 | $3.2B | $301.0M | ||
| Q2 24 | $2.0B | $249.0M |
总债务EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $17.3B | — | ||
| Q2 25 | $18.1B | — | ||
| Q1 25 | $15.9B | — | ||
| Q4 24 | $15.3B | — | ||
| Q3 24 | $15.4B | — | ||
| Q2 24 | $14.5B | — |
股东权益EQIXTNET
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.2B | $54.0M | ||
| Q3 25 | $14.2B | $110.0M | ||
| Q2 25 | $14.1B | $107.0M | ||
| Q1 25 | $13.9B | $63.0M | ||
| Q4 24 | $13.5B | $69.0M | ||
| Q3 24 | $13.6B | $129.0M | ||
| Q2 24 | $12.3B | $100.0M |
总资产EQIXTNET
| Q1 26 | $40.1B | — | ||
| Q4 25 | $40.1B | $3.8B | ||
| Q3 25 | $38.1B | $3.4B | ||
| Q2 25 | $38.8B | $3.7B | ||
| Q1 25 | $36.1B | $3.8B | ||
| Q4 24 | $35.1B | $4.1B | ||
| Q3 24 | $35.4B | $3.7B | ||
| Q2 24 | $32.9B | $3.7B |
负债/权益比EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | 1.13× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 1.18× | — |
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EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $61.0M | ||
| Q3 25 | $1.0B | $72.0M | ||
| Q2 25 | $944.0M | $75.0M | ||
| Q1 25 | $809.0M | $95.0M | ||
| Q4 24 | $981.0M | $65.0M | ||
| Q3 24 | $758.0M | $84.0M | ||
| Q2 24 | $912.0M | $39.0M |
自由现金流EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | $-292.0M | $43.0M | ||
| Q3 25 | $-122.0M | $55.0M | ||
| Q2 25 | $-45.0M | $57.0M | ||
| Q1 25 | $59.0M | $79.0M | ||
| Q4 24 | $-6.0M | $47.0M | ||
| Q3 24 | $34.0M | $59.0M | ||
| Q2 24 | $264.0M | $22.0M |
自由现金流率EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | -12.1% | 3.4% | ||
| Q3 25 | -5.3% | 4.5% | ||
| Q2 25 | -2.0% | 4.6% | ||
| Q1 25 | 2.7% | 6.1% | ||
| Q4 24 | -0.3% | 3.7% | ||
| Q3 24 | 1.5% | 4.8% | ||
| Q2 24 | 12.2% | 1.8% |
资本支出强度EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | 59.3% | 1.4% | ||
| Q3 25 | 49.1% | 1.4% | ||
| Q2 25 | 43.8% | 1.5% | ||
| Q1 25 | 33.7% | 1.2% | ||
| Q4 24 | 43.7% | 1.4% | ||
| Q3 24 | 32.9% | 2.0% | ||
| Q2 24 | 30.0% | 1.4% |
现金转化率EQIXTNET
| Q1 26 | — | — | ||
| Q4 25 | 4.32× | — | ||
| Q3 25 | 2.71× | 2.12× | ||
| Q2 25 | 2.57× | 2.03× | ||
| Q1 25 | 2.36× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.55× | 1.87× | ||
| Q2 24 | 3.03× | 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
EQIX
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
