vs
FIVE BELOW, INC（FIVE）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FIVE BELOW, INC的1.2倍（$1.2B vs $1.0B），FIVE BELOW, INC同比增速更快（23.1% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-133.2M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -11.9%）
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
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。
FIVE vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.0B
营收增速更快
FIVE
高出25.3%
-2.2%
自由现金流更多
TNET
多$176.2M
$-133.2M
两年增速更快
TNET
近两年复合增速
-11.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $36.5M | — |
| 毛利率 | 33.8% | — |
| 营业利润率 | 4.2% | 0.1% |
| 净利率 | 3.5% | — |
| 营收同比 | 23.1% | -2.2% |
| 净利润同比 | 2063.9% | — |
| 每股收益（稀释后） | $0.66 | $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FIVETNET
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $970.5M | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $843.7M | $1.3B | ||
| Q3 24 | $830.1M | $1.2B | ||
| Q2 24 | $811.9M | $1.2B | ||
| Q1 24 | $1.3B | $1.3B |
净利润FIVETNET
| Q4 25 | $36.5M | — | ||
| Q3 25 | $42.8M | $34.0M | ||
| Q2 25 | $41.1M | $37.0M | ||
| Q1 25 | $187.5M | $85.0M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $33.0M | $45.0M | ||
| Q2 24 | $31.5M | $60.0M | ||
| Q1 24 | $202.2M | $91.0M |
毛利率FIVETNET
| Q4 25 | 33.8% | — | ||
| Q3 25 | 33.3% | — | ||
| Q2 25 | 33.4% | — | ||
| Q1 25 | 40.2% | — | ||
| Q4 24 | 30.6% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 41.2% | — |
营业利润率FIVETNET
| Q4 25 | 4.2% | 0.1% | ||
| Q3 25 | 5.1% | 4.1% | ||
| Q2 25 | 5.2% | 4.1% | ||
| Q1 25 | 17.7% | 8.9% | ||
| Q4 24 | -0.1% | -2.9% | ||
| Q3 24 | 5.0% | 4.7% | ||
| Q2 24 | 4.5% | 6.5% | ||
| Q1 24 | 20.1% | 9.7% |
净利率FIVETNET
| Q4 25 | 3.5% | — | ||
| Q3 25 | 4.2% | 2.8% | ||
| Q2 25 | 4.2% | 3.0% | ||
| Q1 25 | 13.5% | 6.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 4.0% | 3.6% | ||
| Q2 24 | 3.9% | 4.9% | ||
| Q1 24 | 15.1% | 7.2% |
每股收益（稀释后）FIVETNET
| Q4 25 | $0.66 | $0.02 | ||
| Q3 25 | $0.77 | $0.70 | ||
| Q2 25 | $0.75 | $0.77 | ||
| Q1 25 | $3.40 | $1.71 | ||
| Q4 24 | $0.03 | $-0.44 | ||
| Q3 24 | $0.60 | $0.89 | ||
| Q2 24 | $0.57 | $1.20 | ||
| Q1 24 | $3.64 | $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 | $524.5M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $54.0M |
| 总资产 | $4.8B | $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FIVETNET
| Q4 25 | $524.5M | $287.0M | ||
| Q3 25 | $670.2M | $321.0M | ||
| Q2 25 | $624.0M | $407.0M | ||
| Q1 25 | $528.8M | $349.0M | ||
| Q4 24 | $216.6M | $360.0M | ||
| Q3 24 | $327.7M | $301.0M | ||
| Q2 24 | $369.6M | $249.0M | ||
| Q1 24 | $460.1M | $383.0M |
股东权益FIVETNET
| 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 | $1.6B | $69.0M | ||
| Q3 24 | $1.6B | $129.0M | ||
| Q2 24 | $1.6B | $100.0M | ||
| Q1 24 | $1.6B | $143.0M |
总资产FIVETNET
| Q4 25 | $4.8B | $3.8B | ||
| Q3 25 | $4.6B | $3.4B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.3B | $3.8B | ||
| Q4 24 | $4.2B | $4.1B | ||
| Q3 24 | $4.0B | $3.7B | ||
| Q2 24 | $3.9B | $3.7B | ||
| Q1 24 | $3.9B | $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 | $-80.1M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-133.2M | $43.0M |
| 自由现金流率自由现金流/营收 | -12.8% | 3.4% |
| 资本支出强度资本支出/营收 | 5.1% | 1.4% |
| 现金转化率经营现金流/净利润 | -2.19× | — |
| 过去12个月自由现金流最近4个季度 | $323.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流FIVETNET
| Q4 25 | $-80.1M | $61.0M | ||
| Q3 25 | $93.0M | $72.0M | ||
| Q2 25 | $132.7M | $75.0M | ||
| Q1 25 | $363.5M | $95.0M | ||
| Q4 24 | $-30.6M | $65.0M | ||
| Q3 24 | $71.3M | $84.0M | ||
| Q2 24 | $26.4M | $39.0M | ||
| Q1 24 | $407.7M | $91.0M |
自由现金流FIVETNET
| Q4 25 | $-133.2M | $43.0M | ||
| Q3 25 | $48.3M | $55.0M | ||
| Q2 25 | $96.5M | $57.0M | ||
| Q1 25 | $311.4M | $79.0M | ||
| Q4 24 | $-111.0M | $47.0M | ||
| Q3 24 | $-32.4M | $59.0M | ||
| Q2 24 | $-61.4M | $22.0M | ||
| Q1 24 | $304.6M | $73.0M |
自由现金流率FIVETNET
| Q4 25 | -12.8% | 3.4% | ||
| Q3 25 | 4.7% | 4.5% | ||
| Q2 25 | 9.9% | 4.6% | ||
| Q1 25 | 22.4% | 6.1% | ||
| Q4 24 | -13.2% | 3.7% | ||
| Q3 24 | -3.9% | 4.8% | ||
| Q2 24 | -7.6% | 1.8% | ||
| Q1 24 | 22.8% | 5.8% |
资本支出强度FIVETNET
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | 4.4% | 1.4% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 3.7% | 1.2% | ||
| Q4 24 | 9.5% | 1.4% | ||
| Q3 24 | 12.5% | 2.0% | ||
| Q2 24 | 10.8% | 1.4% | ||
| Q1 24 | 7.7% | 1.4% |
现金转化率FIVETNET
| Q4 25 | -2.19× | — | ||
| Q3 25 | 2.17× | 2.12× | ||
| Q2 25 | 3.22× | 2.03× | ||
| Q1 25 | 1.94× | 1.12× | ||
| Q4 24 | -18.13× | — | ||
| Q3 24 | 2.16× | 1.87× | ||
| Q2 24 | 0.84× | 0.65× | ||
| Q1 24 | 2.02× | 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
FIVE
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
