vs
Fabrinet（FN）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Fabrinet的1.1倍（$1.2B vs $1.1B），Fabrinet同比增速更快（35.9% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-5.3M），过去两年Fabrinet的营收复合增速更高（24.4% vs -0.6%）
Fabrinet（股票代码FN）为标普中型股400指数成分股。该指数由标普道琼斯指数公司维护，覆盖400家以美企为主的中等市值企业，若成分企业存在多类流通股，指数的成分股总量有时会超过400只。
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。
FN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.1B
营收增速更快
FN
高出38.1%
-2.2%
自由现金流更多
TNET
多$48.3M
$-5.3M
两年增速更快
FN
近两年复合增速
-0.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $112.6M | — |
| 毛利率 | 12.2% | — |
| 营业利润率 | 10.1% | 0.1% |
| 净利率 | 9.9% | — |
| 营收同比 | 35.9% | -2.2% |
| 净利润同比 | 30.0% | — |
| 每股收益（稀释后） | $3.11 | $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FNTNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $978.1M | $1.2B | ||
| Q2 25 | $909.7M | $1.2B | ||
| Q1 25 | $871.8M | $1.3B | ||
| Q4 24 | $833.6M | $1.3B | ||
| Q3 24 | $804.2M | $1.2B | ||
| Q2 24 | $753.3M | $1.2B | ||
| Q1 24 | $731.5M | $1.3B |
净利润FNTNET
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $34.0M | ||
| Q2 25 | $87.2M | $37.0M | ||
| Q1 25 | $81.3M | $85.0M | ||
| Q4 24 | $86.6M | — | ||
| Q3 24 | $77.4M | $45.0M | ||
| Q2 24 | $81.1M | $60.0M | ||
| Q1 24 | $80.9M | $91.0M |
毛利率FNTNET
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率FNTNET
| Q4 25 | 10.1% | 0.1% | ||
| Q3 25 | 9.6% | 4.1% | ||
| Q2 25 | 9.8% | 4.1% | ||
| Q1 25 | 9.0% | 8.9% | ||
| Q4 24 | 9.5% | -2.9% | ||
| Q3 24 | 9.6% | 4.7% | ||
| Q2 24 | 9.7% | 6.5% | ||
| Q1 24 | 9.7% | 9.7% |
净利率FNTNET
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | 2.8% | ||
| Q2 25 | 9.6% | 3.0% | ||
| Q1 25 | 9.3% | 6.6% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 9.6% | 3.6% | ||
| Q2 24 | 10.8% | 4.9% | ||
| Q1 24 | 11.1% | 7.2% |
每股收益（稀释后）FNTNET
| Q4 25 | $3.11 | $0.02 | ||
| Q3 25 | $2.66 | $0.70 | ||
| Q2 25 | $2.41 | $0.77 | ||
| Q1 25 | $2.25 | $1.71 | ||
| Q4 24 | $2.38 | $-0.44 | ||
| Q3 24 | $2.13 | $0.89 | ||
| Q2 24 | $2.22 | $1.20 | ||
| Q1 24 | $2.21 | $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 | $960.8M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $54.0M |
| 总资产 | $3.3B | $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FNTNET
| Q4 25 | $960.8M | $287.0M | ||
| Q3 25 | $968.8M | $321.0M | ||
| Q2 25 | $934.2M | $407.0M | ||
| Q1 25 | $950.7M | $349.0M | ||
| Q4 24 | $934.6M | $360.0M | ||
| Q3 24 | $908.9M | $301.0M | ||
| Q2 24 | $858.6M | $249.0M | ||
| Q1 24 | $794.0M | $383.0M |
股东权益FNTNET
| Q4 25 | $2.2B | $54.0M | ||
| Q3 25 | $2.1B | $110.0M | ||
| Q2 25 | $2.0B | $107.0M | ||
| Q1 25 | $1.9B | $63.0M | ||
| Q4 24 | $1.8B | $69.0M | ||
| Q3 24 | $1.8B | $129.0M | ||
| Q2 24 | $1.7B | $100.0M | ||
| Q1 24 | $1.7B | $143.0M |
总资产FNTNET
| Q4 25 | $3.3B | $3.8B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.5B | $4.1B | ||
| Q3 24 | $2.4B | $3.7B | ||
| Q2 24 | $2.3B | $3.7B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-5.3M | $43.0M |
| 自由现金流率自由现金流/营收 | -0.5% | 3.4% |
| 资本支出强度资本支出/营收 | 4.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.41× | — |
| 过去12个月自由现金流最近4个季度 | $102.3M | $234.0M |
8季度趋势，按日历期对齐
经营现金流FNTNET
| Q4 25 | $46.3M | $61.0M | ||
| Q3 25 | $102.6M | $72.0M | ||
| Q2 25 | $55.1M | $75.0M | ||
| Q1 25 | $74.2M | $95.0M | ||
| Q4 24 | $115.9M | $65.0M | ||
| Q3 24 | $83.2M | $84.0M | ||
| Q2 24 | $83.1M | $39.0M | ||
| Q1 24 | $100.9M | $91.0M |
自由现金流FNTNET
| Q4 25 | $-5.3M | $43.0M | ||
| Q3 25 | $57.3M | $55.0M | ||
| Q2 25 | $4.7M | $57.0M | ||
| Q1 25 | $45.7M | $79.0M | ||
| Q4 24 | $94.0M | $47.0M | ||
| Q3 24 | $62.9M | $59.0M | ||
| Q2 24 | $70.4M | $22.0M | ||
| Q1 24 | $87.3M | $73.0M |
自由现金流率FNTNET
| Q4 25 | -0.5% | 3.4% | ||
| Q3 25 | 5.9% | 4.5% | ||
| Q2 25 | 0.5% | 4.6% | ||
| Q1 25 | 5.2% | 6.1% | ||
| Q4 24 | 11.3% | 3.7% | ||
| Q3 24 | 7.8% | 4.8% | ||
| Q2 24 | 9.3% | 1.8% | ||
| Q1 24 | 11.9% | 5.8% |
资本支出强度FNTNET
| Q4 25 | 4.6% | 1.4% | ||
| Q3 25 | 4.6% | 1.4% | ||
| Q2 25 | 5.5% | 1.5% | ||
| Q1 25 | 3.3% | 1.2% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 2.5% | 2.0% | ||
| Q2 24 | 1.7% | 1.4% | ||
| Q1 24 | 1.9% | 1.4% |
现金转化率FNTNET
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | 2.12× | ||
| Q2 25 | 0.63× | 2.03× | ||
| Q1 25 | 0.91× | 1.12× | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | 1.87× | ||
| Q2 24 | 1.02× | 0.65× | ||
| Q1 24 | 1.25× | 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
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
