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Freedom Holding Corp.（FRHC）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Freedom Holding Corp.的2.0倍（$1.2B vs $628.6M），TRINET GROUP, INC.同比增速更快（-2.2% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $43.0M），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% vs -0.6%）
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
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。
FRHC vs TNET — 直观对比
营收规模更大
TNET
是对方的2.0倍
$628.6M
营收增速更快
TNET
高出1.9%
-4.1%
自由现金流更多
FRHC
多$608.7M
$43.0M
两年增速更快
FRHC
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $1.2B |
| 净利润 | $76.2M | — |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | 0.1% |
| 净利率 | 12.1% | — |
| 营收同比 | -4.1% | -2.2% |
| 净利润同比 | -2.6% | — |
| 每股收益（稀释后） | $1.25 | $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FRHCTNET
| Q4 25 | $628.6M | $1.2B | ||
| Q3 25 | $526.1M | $1.2B | ||
| Q2 25 | $533.4M | $1.2B | ||
| Q1 25 | $363.7M | $1.3B | ||
| Q4 24 | $655.2M | $1.3B | ||
| Q3 24 | $580.9M | $1.2B | ||
| Q2 24 | $450.7M | $1.2B | ||
| Q1 24 | $464.7M | $1.3B |
净利润FRHCTNET
| Q4 25 | $76.2M | — | ||
| Q3 25 | $38.7M | $34.0M | ||
| Q2 25 | $30.4M | $37.0M | ||
| Q1 25 | $-142.7M | $85.0M | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $114.7M | $45.0M | ||
| Q2 24 | $34.4M | $60.0M | ||
| Q1 24 | $95.2M | $91.0M |
毛利率FRHCTNET
| Q4 25 | 96.0% | — | ||
| Q3 25 | 97.1% | — | ||
| Q2 25 | 97.4% | — | ||
| Q1 25 | 96.6% | — | ||
| Q4 24 | 98.6% | — | ||
| Q3 24 | 99.1% | — | ||
| Q2 24 | 99.0% | — | ||
| Q1 24 | — | — |
营业利润率FRHCTNET
| Q4 25 | 14.9% | 0.1% | ||
| Q3 25 | 11.5% | 4.1% | ||
| Q2 25 | 7.6% | 4.1% | ||
| Q1 25 | -42.7% | 8.9% | ||
| Q4 24 | 15.0% | -2.9% | ||
| Q3 24 | 22.1% | 4.7% | ||
| Q2 24 | 9.2% | 6.5% | ||
| Q1 24 | 22.5% | 9.7% |
净利率FRHCTNET
| Q4 25 | 12.1% | — | ||
| Q3 25 | 7.4% | 2.8% | ||
| Q2 25 | 5.7% | 3.0% | ||
| Q1 25 | -39.2% | 6.6% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 19.7% | 3.6% | ||
| Q2 24 | 7.6% | 4.9% | ||
| Q1 24 | 20.5% | 7.2% |
每股收益（稀释后）FRHCTNET
| Q4 25 | $1.25 | $0.02 | ||
| Q3 25 | $0.63 | $0.70 | ||
| Q2 25 | $0.50 | $0.77 | ||
| Q1 25 | $-2.35 | $1.71 | ||
| Q4 24 | $1.29 | $-0.44 | ||
| Q3 24 | $1.89 | $0.89 | ||
| Q2 24 | $0.57 | $1.20 | ||
| Q1 24 | $1.60 | $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 | $869.2M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $54.0M |
| 总资产 | $12.4B | $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FRHCTNET
| Q4 25 | $869.2M | $287.0M | ||
| Q3 25 | $636.0M | $321.0M | ||
| Q2 25 | $567.9M | $407.0M | ||
| Q1 25 | $837.3M | $349.0M | ||
| Q4 24 | $577.9M | $360.0M | ||
| Q3 24 | $569.2M | $301.0M | ||
| Q2 24 | $718.7M | $249.0M | ||
| Q1 24 | $545.1M | $383.0M |
股东权益FRHCTNET
| Q4 25 | $1.4B | $54.0M | ||
| Q3 25 | $1.2B | $110.0M | ||
| Q2 25 | $1.2B | $107.0M | ||
| Q1 25 | $1.2B | $63.0M | ||
| Q4 24 | $1.3B | $69.0M | ||
| Q3 24 | $1.3B | $129.0M | ||
| Q2 24 | $1.1B | $100.0M | ||
| Q1 24 | $1.2B | $143.0M |
总资产FRHCTNET
| Q4 25 | $12.4B | $3.8B | ||
| Q3 25 | $10.3B | $3.4B | ||
| Q2 25 | $9.7B | $3.7B | ||
| Q1 25 | $9.9B | $3.8B | ||
| Q4 24 | $9.1B | $4.1B | ||
| Q3 24 | $8.8B | $3.7B | ||
| Q2 24 | $8.5B | $3.7B | ||
| Q1 24 | $8.3B | $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 | $717.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $43.0M |
| 自由现金流率自由现金流/营收 | 103.7% | 3.4% |
| 资本支出强度资本支出/营收 | 10.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 9.42× | — |
| 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FRHCTNET
| Q4 25 | $717.8M | $61.0M | ||
| Q3 25 | $535.3M | $72.0M | ||
| Q2 25 | $480.8M | $75.0M | ||
| Q1 25 | $1.3B | $95.0M | ||
| Q4 24 | $-72.8M | $65.0M | ||
| Q3 24 | $-438.0M | $84.0M | ||
| Q2 24 | $854.1M | $39.0M | ||
| Q1 24 | $309.0M | $91.0M |
自由现金流FRHCTNET
| Q4 25 | $651.7M | $43.0M | ||
| Q3 25 | $456.4M | $55.0M | ||
| Q2 25 | $450.0M | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | $-92.7M | $47.0M | ||
| Q3 24 | $-447.5M | $59.0M | ||
| Q2 24 | $829.9M | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率FRHCTNET
| Q4 25 | 103.7% | 3.4% | ||
| Q3 25 | 86.7% | 4.5% | ||
| Q2 25 | 84.4% | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | -14.1% | 3.7% | ||
| Q3 24 | -77.0% | 4.8% | ||
| Q2 24 | 184.1% | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度FRHCTNET
| Q4 25 | 10.5% | 1.4% | ||
| Q3 25 | 15.0% | 1.4% | ||
| Q2 25 | 5.8% | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 3.0% | 1.4% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 5.4% | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率FRHCTNET
| Q4 25 | 9.42× | — | ||
| Q3 25 | 13.82× | 2.12× | ||
| Q2 25 | 15.82× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -3.82× | 1.87× | ||
| Q2 24 | 24.83× | 0.65× | ||
| Q1 24 | 3.24× | 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
FRHC
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
