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FuboTV Inc.（FUBO）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
FuboTV Inc.的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），FuboTV Inc.同比增速更快（249.4% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs -0.6%）
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
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。
FUBO vs TNET — 直观对比
营收规模更大
FUBO
是对方的1.2倍
$1.2B
营收增速更快
FUBO
高出251.6%
-2.2%
自由现金流更多
TNET
多$243.8M
$-200.8M
两年增速更快
FUBO
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $-6.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -1.3% | 0.1% |
| 净利率 | -0.4% | — |
| 营收同比 | 249.4% | -2.2% |
| 净利润同比 | 84.5% | — |
| 每股收益（稀释后） | $-0.02 | $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FUBOTNET
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $377.2M | $1.2B | ||
| Q2 25 | $380.0M | $1.2B | ||
| Q1 25 | $416.3M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $386.2M | $1.2B | ||
| Q2 24 | $391.0M | $1.2B | ||
| Q1 24 | $402.3M | $1.3B |
净利润FUBOTNET
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $-18.9M | $34.0M | ||
| Q2 25 | $-8.0M | $37.0M | ||
| Q1 25 | $188.5M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-52.4M | $45.0M | ||
| Q2 24 | $-25.3M | $60.0M | ||
| Q1 24 | $-56.0M | $91.0M |
营业利润率FUBOTNET
| Q4 25 | -1.3% | 0.1% | ||
| Q3 25 | -5.3% | 4.1% | ||
| Q2 25 | -1.6% | 4.1% | ||
| Q1 25 | -6.1% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | -15.2% | 4.7% | ||
| Q2 24 | -9.1% | 6.5% | ||
| Q1 24 | -15.7% | 9.7% |
净利率FUBOTNET
| Q4 25 | -0.4% | — | ||
| Q3 25 | -5.0% | 2.8% | ||
| Q2 25 | -2.1% | 3.0% | ||
| Q1 25 | 45.3% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | -13.6% | 3.6% | ||
| Q2 24 | -6.5% | 4.9% | ||
| Q1 24 | -13.9% | 7.2% |
每股收益（稀释后）FUBOTNET
| Q4 25 | $-0.02 | $0.02 | ||
| Q3 25 | $-0.06 | $0.70 | ||
| Q2 25 | $-0.02 | $0.77 | ||
| Q1 25 | $0.55 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $-0.16 | $0.89 | ||
| Q2 24 | $-0.08 | $1.20 | ||
| Q1 24 | $-0.19 | $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 | $452.4M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $275.5M | $54.0M |
| 总资产 | $4.1B | $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FUBOTNET
| Q4 25 | $452.4M | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | $283.6M | $407.0M | ||
| Q1 25 | $321.6M | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $146.2M | $301.0M | ||
| Q2 24 | $155.2M | $249.0M | ||
| Q1 24 | $168.9M | $383.0M |
股东权益FUBOTNET
| Q4 25 | $275.5M | $54.0M | ||
| Q3 25 | $915.3M | $110.0M | ||
| Q2 25 | $400.4M | $107.0M | ||
| Q1 25 | $389.0M | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $905.3M | $129.0M | ||
| Q2 24 | $254.2M | $100.0M | ||
| Q1 24 | $236.1M | $143.0M |
总资产FUBOTNET
| Q4 25 | $4.1B | $3.8B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.2B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $1.1B | $3.7B | ||
| Q2 24 | $1.1B | $3.7B | ||
| Q1 24 | $1.1B | $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 | $-200.3M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-200.8M | $43.0M |
| 自由现金流率自由现金流/营收 | -13.0% | 3.4% |
| 资本支出强度资本支出/营收 | 0.0% | 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 | $-81.3M | $234.0M |
8季度趋势，按日历期对齐
经营现金流FUBOTNET
| Q4 25 | $-200.3M | $61.0M | ||
| Q3 25 | $-6.5M | $72.0M | ||
| Q2 25 | $-34.6M | $75.0M | ||
| Q1 25 | $161.4M | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $235.0K | $84.0M | ||
| Q2 24 | $-32.3M | $39.0M | ||
| Q1 24 | $-67.3M | $91.0M |
自由现金流FUBOTNET
| Q4 25 | $-200.8M | $43.0M | ||
| Q3 25 | $-6.5M | $55.0M | ||
| Q2 25 | $-35.0M | $57.0M | ||
| Q1 25 | $161.1M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $-1.3M | $59.0M | ||
| Q2 24 | $-32.5M | $22.0M | ||
| Q1 24 | $-67.4M | $73.0M |
自由现金流率FUBOTNET
| Q4 25 | -13.0% | 3.4% | ||
| Q3 25 | -1.7% | 4.5% | ||
| Q2 25 | -9.2% | 4.6% | ||
| Q1 25 | 38.7% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | -0.3% | 4.8% | ||
| Q2 24 | -8.3% | 1.8% | ||
| Q1 24 | -16.7% | 5.8% |
资本支出强度FUBOTNET
| Q4 25 | 0.0% | 1.4% | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | 0.1% | 1.5% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 0.0% | 1.4% |
现金转化率FUBOTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | 0.86× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 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
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
