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Fortune Brands Innovations, Inc.（FBIN）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
TRINET GROUP, INC.的季度营收约是Fortune Brands Innovations, Inc.的1.2倍（$1.2B vs $1.1B），TRINET GROUP, INC.同比增速更快（-2.2% vs -2.4%），Fortune Brands Innovations, Inc.自由现金流更多（$183.7M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -1.5%）
Fortune Brands Innovations是美国家居及安防产品生产商，总部位于伊利诺伊州迪尔菲尔德，位列财富500强及标普400指数。旗下拥有摩恩、House of Rohl、玛斯特锁等知名品牌，业务覆盖厨卫、户外用品、安防、橱柜制造等领域，2021年底全球员工约2.8万人。
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。
FBIN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.1B
营收增速更快
TNET
高出0.2%
-2.4%
自由现金流更多
FBIN
多$140.7M
$43.0M
两年增速更快
TNET
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $76.3M | — |
| 毛利率 | 43.8% | — |
| 营业利润率 | 11.3% | 0.1% |
| 净利率 | 7.1% | — |
| 营收同比 | -2.4% | -2.2% |
| 净利润同比 | -27.3% | — |
| 每股收益（稀释后） | $0.63 | $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FBINTNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
净利润FBINTNET
| Q4 25 | $76.3M | — | ||
| Q3 25 | $70.8M | $34.0M | ||
| Q2 25 | $100.3M | $37.0M | ||
| Q1 25 | $51.4M | $85.0M | ||
| Q4 24 | $105.0M | — | ||
| Q3 24 | $136.6M | $45.0M | ||
| Q2 24 | $133.9M | $60.0M | ||
| Q1 24 | $96.4M | $91.0M |
毛利率FBINTNET
| Q4 25 | 43.8% | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.1% | — | ||
| Q1 25 | 44.0% | — | ||
| Q4 24 | 46.0% | — | ||
| Q3 24 | 45.9% | — | ||
| Q2 24 | 43.6% | — | ||
| Q1 24 | 43.9% | — |
营业利润率FBINTNET
| Q4 25 | 11.3% | 0.1% | ||
| Q3 25 | 11.0% | 4.1% | ||
| Q2 25 | 14.3% | 4.1% | ||
| Q1 25 | 9.4% | 8.9% | ||
| Q4 24 | 16.1% | -2.9% | ||
| Q3 24 | 17.8% | 4.7% | ||
| Q2 24 | 16.1% | 6.5% | ||
| Q1 24 | 14.0% | 9.7% |
净利率FBINTNET
| Q4 25 | 7.1% | — | ||
| Q3 25 | 6.2% | 2.8% | ||
| Q2 25 | 8.3% | 3.0% | ||
| Q1 25 | 5.0% | 6.6% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 11.8% | 3.6% | ||
| Q2 24 | 10.8% | 4.9% | ||
| Q1 24 | 8.7% | 7.2% |
每股收益（稀释后）FBINTNET
| Q4 25 | $0.63 | $0.02 | ||
| Q3 25 | $0.59 | $0.70 | ||
| Q2 25 | $0.83 | $0.77 | ||
| Q1 25 | $0.42 | $1.71 | ||
| Q4 24 | $0.84 | $-0.44 | ||
| Q3 24 | $1.09 | $0.89 | ||
| Q2 24 | $1.06 | $1.20 | ||
| Q1 24 | $0.76 | $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 | $264.0M | $287.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $2.4B | $54.0M |
| 总资产 | $6.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.07× | — |
8季度趋势，按日历期对齐
现金及短期投资FBINTNET
| Q4 25 | $264.0M | $287.0M | ||
| Q3 25 | $223.9M | $321.0M | ||
| Q2 25 | $234.7M | $407.0M | ||
| Q1 25 | $340.0M | $349.0M | ||
| Q4 24 | $381.1M | $360.0M | ||
| Q3 24 | $344.8M | $301.0M | ||
| Q2 24 | $352.6M | $249.0M | ||
| Q1 24 | $359.7M | $383.0M |
总债务FBINTNET
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益FBINTNET
| Q4 25 | $2.4B | $54.0M | ||
| Q3 25 | $2.4B | $110.0M | ||
| Q2 25 | $2.3B | $107.0M | ||
| Q1 25 | $2.3B | $63.0M | ||
| Q4 24 | $2.4B | $69.0M | ||
| Q3 24 | $2.4B | $129.0M | ||
| Q2 24 | $2.3B | $100.0M | ||
| Q1 24 | $2.3B | $143.0M |
总资产FBINTNET
| Q4 25 | $6.5B | $3.8B | ||
| Q3 25 | $6.5B | $3.4B | ||
| Q2 25 | $6.6B | $3.7B | ||
| Q1 25 | $6.6B | $3.8B | ||
| Q4 24 | $6.6B | $4.1B | ||
| Q3 24 | $6.6B | $3.7B | ||
| Q2 24 | $6.7B | $3.7B | ||
| Q1 24 | $6.8B | $4.0B |
负债/权益比FBINTNET
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.10× | — | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.17× | — |
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 | $208.2M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $183.7M | $43.0M |
| 自由现金流率自由现金流/营收 | 17.0% | 3.4% |
| 资本支出强度资本支出/营收 | 2.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.73× | — |
| 过去12个月自由现金流最近4个季度 | $366.8M | $234.0M |
8季度趋势，按日历期对齐
经营现金流FBINTNET
| Q4 25 | $208.2M | $61.0M | ||
| Q3 25 | $204.4M | $72.0M | ||
| Q2 25 | $149.4M | $75.0M | ||
| Q1 25 | $-83.4M | $95.0M | ||
| Q4 24 | $272.3M | $65.0M | ||
| Q3 24 | $205.3M | $84.0M | ||
| Q2 24 | $261.5M | $39.0M | ||
| Q1 24 | $-71.3M | $91.0M |
自由现金流FBINTNET
| Q4 25 | $183.7M | $43.0M | ||
| Q3 25 | $177.0M | $55.0M | ||
| Q2 25 | $118.7M | $57.0M | ||
| Q1 25 | $-112.6M | $79.0M | ||
| Q4 24 | $212.1M | $47.0M | ||
| Q3 24 | $175.6M | $59.0M | ||
| Q2 24 | $222.7M | $22.0M | ||
| Q1 24 | $-135.9M | $73.0M |
自由现金流率FBINTNET
| Q4 25 | 17.0% | 3.4% | ||
| Q3 25 | 15.4% | 4.5% | ||
| Q2 25 | 9.9% | 4.6% | ||
| Q1 25 | -10.9% | 6.1% | ||
| Q4 24 | 19.2% | 3.7% | ||
| Q3 24 | 15.2% | 4.8% | ||
| Q2 24 | 18.0% | 1.8% | ||
| Q1 24 | -12.2% | 5.8% |
资本支出强度FBINTNET
| Q4 25 | 2.3% | 1.4% | ||
| Q3 25 | 2.4% | 1.4% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.8% | 1.2% | ||
| Q4 24 | 5.5% | 1.4% | ||
| Q3 24 | 2.6% | 2.0% | ||
| Q2 24 | 3.1% | 1.4% | ||
| Q1 24 | 5.8% | 1.4% |
现金转化率FBINTNET
| Q4 25 | 2.73× | — | ||
| Q3 25 | 2.89× | 2.12× | ||
| Q2 25 | 1.49× | 2.03× | ||
| Q1 25 | -1.62× | 1.12× | ||
| Q4 24 | 2.59× | — | ||
| Q3 24 | 1.50× | 1.87× | ||
| Q2 24 | 1.95× | 0.65× | ||
| Q1 24 | -0.74× | 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
FBIN
| Wholesale Retail Trade | $526.7M | 49% |
| Home Center Retailer | $257.1M | 24% |
| Security Segment | $165.8M | 15% |
| Other Retailer | $118.2M | 11% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
