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自由媒体集团（FWONA）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
自由媒体集团的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），自由媒体集团同比增速更快（150.7% vs -2.2%），自由媒体集团自由现金流更多（$62.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -23.5%）
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
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。
FWONA vs TNET — 直观对比
营收规模更大
FWONA
是对方的1.3倍
$1.2B
营收增速更快
FWONA
高出152.9%
-2.2%
自由现金流更多
FWONA
多$19.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-23.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $333.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 14.0% | 0.1% |
| 净利率 | 20.7% | — |
| 营收同比 | 150.7% | -2.2% |
| 净利润同比 | 193.8% | — |
| 每股收益（稀释后） | — | $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FWONATNET
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $447.0M | $1.3B | ||
| Q4 24 | $-3.2B | $1.3B | ||
| Q3 24 | $911.0M | $1.2B | ||
| Q2 24 | $3.2B | $1.2B | ||
| Q1 24 | $2.7B | $1.3B |
净利润FWONATNET
| Q4 25 | $333.0M | — | ||
| Q3 25 | $13.0M | $34.0M | ||
| Q2 25 | $204.0M | $37.0M | ||
| Q1 25 | $5.0M | $85.0M | ||
| Q4 24 | $-355.0M | — | ||
| Q3 24 | $-2.4B | $45.0M | ||
| Q2 24 | $457.0M | $60.0M | ||
| Q1 24 | $203.0M | $91.0M |
营业利润率FWONATNET
| Q4 25 | 14.0% | 0.1% | ||
| Q3 25 | 13.7% | 4.1% | ||
| Q2 25 | 20.4% | 4.1% | ||
| Q1 25 | -15.9% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 11.7% | 4.7% | ||
| Q2 24 | 16.7% | 6.5% | ||
| Q1 24 | 18.3% | 9.7% |
净利率FWONATNET
| Q4 25 | 20.7% | — | ||
| Q3 25 | 1.2% | 2.8% | ||
| Q2 25 | 15.2% | 3.0% | ||
| Q1 25 | 1.1% | 6.6% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | -259.9% | 3.6% | ||
| Q2 24 | 14.4% | 4.9% | ||
| Q1 24 | 7.4% | 7.2% |
每股收益（稀释后）FWONATNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | — | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | — | $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 | $1.1B | $287.0M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.8B | $54.0M |
| 总资产 | $15.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.66× | — |
8季度趋势，按日历期对齐
现金及短期投资FWONATNET
| Q4 25 | $1.1B | $287.0M | ||
| Q3 25 | $1.6B | $321.0M | ||
| Q2 25 | $3.4B | $407.0M | ||
| Q1 25 | $3.1B | $349.0M | ||
| Q4 24 | $3.0B | $360.0M | ||
| Q3 24 | $3.1B | $301.0M | ||
| Q2 24 | $2.1B | $249.0M | ||
| Q1 24 | $1.7B | $383.0M |
总债务FWONATNET
| Q4 25 | $5.1B | — | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $15.0B | — | ||
| Q1 24 | $15.4B | — |
股东权益FWONATNET
| Q4 25 | $7.8B | $54.0M | ||
| Q3 25 | $7.4B | $110.0M | ||
| Q2 25 | $7.3B | $107.0M | ||
| Q1 25 | $7.0B | $63.0M | ||
| Q4 24 | $7.0B | $69.0M | ||
| Q3 24 | $7.4B | $129.0M | ||
| Q2 24 | $17.1B | $100.0M | ||
| Q1 24 | $16.6B | $143.0M |
总资产FWONATNET
| Q4 25 | $15.4B | $3.8B | ||
| Q3 25 | $17.8B | $3.4B | ||
| Q2 25 | $13.8B | $3.7B | ||
| Q1 25 | $13.3B | $3.8B | ||
| Q4 24 | $12.9B | $4.1B | ||
| Q3 24 | $13.2B | $3.7B | ||
| Q2 24 | $42.6B | $3.7B | ||
| Q1 24 | $42.4B | $4.0B |
负债/权益比FWONATNET
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.95× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.93× | — |
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 | $123.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $62.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 3.9% | 3.4% |
| 资本支出强度资本支出/营收 | 3.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.37× | — |
| 过去12个月自由现金流最近4个季度 | $789.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流FWONATNET
| Q4 25 | $123.0M | $61.0M | ||
| Q3 25 | $173.0M | $72.0M | ||
| Q2 25 | $231.0M | $75.0M | ||
| Q1 25 | $381.0M | $95.0M | ||
| Q4 24 | $-23.0M | $65.0M | ||
| Q3 24 | $182.0M | $84.0M | ||
| Q2 24 | $752.0M | $39.0M | ||
| Q1 24 | $395.0M | $91.0M |
自由现金流FWONATNET
| Q4 25 | $62.0M | $43.0M | ||
| Q3 25 | $170.0M | $55.0M | ||
| Q2 25 | $209.0M | $57.0M | ||
| Q1 25 | $348.0M | $79.0M | ||
| Q4 24 | $-46.0M | $47.0M | ||
| Q3 24 | $-153.0M | $59.0M | ||
| Q2 24 | $566.0M | $22.0M | ||
| Q1 24 | $194.0M | $73.0M |
自由现金流率FWONATNET
| Q4 25 | 3.9% | 3.4% | ||
| Q3 25 | 15.7% | 4.5% | ||
| Q2 25 | 15.6% | 4.6% | ||
| Q1 25 | 77.9% | 6.1% | ||
| Q4 24 | 1.4% | 3.7% | ||
| Q3 24 | -16.8% | 4.8% | ||
| Q2 24 | 17.9% | 1.8% | ||
| Q1 24 | 7.1% | 5.8% |
资本支出强度FWONATNET
| Q4 25 | 3.8% | 1.4% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 1.6% | 1.5% | ||
| Q1 25 | 7.4% | 1.2% | ||
| Q4 24 | -0.7% | 1.4% | ||
| Q3 24 | 36.8% | 2.0% | ||
| Q2 24 | 5.9% | 1.4% | ||
| Q1 24 | 7.3% | 1.4% |
现金转化率FWONATNET
| Q4 25 | 0.37× | — | ||
| Q3 25 | 13.31× | 2.12× | ||
| Q2 25 | 1.13× | 2.03× | ||
| Q1 25 | 76.20× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 1.65× | 0.65× | ||
| Q1 24 | 1.95× | 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
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
