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G III APPAREL GROUP LTD（GIII）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G III APPAREL GROUP LTD的1.3倍（$1.2B vs $988.6M），TRINET GROUP, INC.同比增速更快（-2.2% vs -9.0%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-106.4M），过去两年G III APPAREL GROUP LTD的营收复合增速更高（13.7% vs -0.6%）
GIII服装集团是一家国际时尚企业，设计、生产及销售服装、鞋履、配饰等产品，拥有多个知名自有及授权品牌，覆盖休闲、运动、轻奢等多个品类，主要销往北美、欧洲等全球市场，合作客户包括百货商场、专业零售商及电商平台。
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。
GIII vs TNET — 直观对比
营收规模更大
TNET
是对方的1.3倍
$988.6M
营收增速更快
TNET
高出6.8%
-9.0%
自由现金流更多
TNET
多$149.4M
$-106.4M
两年增速更快
GIII
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $988.6M | $1.2B |
| 净利润 | $80.6M | — |
| 毛利率 | 38.6% | — |
| 营业利润率 | 11.4% | 0.1% |
| 净利率 | 8.2% | — |
| 营收同比 | -9.0% | -2.2% |
| 净利润同比 | -29.8% | — |
| 每股收益（稀释后） | $1.84 | $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GIIITNET
| Q4 25 | $988.6M | $1.2B | ||
| Q3 25 | $613.3M | $1.2B | ||
| Q2 25 | $583.6M | $1.2B | ||
| Q1 25 | $839.5M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $644.8M | $1.2B | ||
| Q2 24 | $609.7M | $1.2B | ||
| Q1 24 | $764.8M | $1.3B |
净利润GIIITNET
| Q4 25 | $80.6M | — | ||
| Q3 25 | $10.9M | $34.0M | ||
| Q2 25 | $7.8M | $37.0M | ||
| Q1 25 | $48.8M | $85.0M | ||
| Q4 24 | $114.8M | — | ||
| Q3 24 | $24.2M | $45.0M | ||
| Q2 24 | $5.8M | $60.0M | ||
| Q1 24 | $28.9M | $91.0M |
毛利率GIIITNET
| Q4 25 | 38.6% | — | ||
| Q3 25 | 40.8% | — | ||
| Q2 25 | 42.2% | — | ||
| Q1 25 | 39.5% | — | ||
| Q4 24 | 39.8% | — | ||
| Q3 24 | 42.8% | — | ||
| Q2 24 | 42.5% | — | ||
| Q1 24 | 36.9% | — |
营业利润率GIIITNET
| Q4 25 | 11.4% | 0.1% | ||
| Q3 25 | 2.7% | 4.1% | ||
| Q2 25 | 1.5% | 4.1% | ||
| Q1 25 | 8.5% | 8.9% | ||
| Q4 24 | 15.3% | -2.9% | ||
| Q3 24 | 6.4% | 4.7% | ||
| Q2 24 | 2.2% | 6.5% | ||
| Q1 24 | 6.1% | 9.7% |
净利率GIIITNET
| Q4 25 | 8.2% | — | ||
| Q3 25 | 1.8% | 2.8% | ||
| Q2 25 | 1.3% | 3.0% | ||
| Q1 25 | 5.8% | 6.6% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 3.8% | 3.6% | ||
| Q2 24 | 1.0% | 4.9% | ||
| Q1 24 | 3.8% | 7.2% |
每股收益（稀释后）GIIITNET
| Q4 25 | $1.84 | $0.02 | ||
| Q3 25 | $0.25 | $0.70 | ||
| Q2 25 | $0.17 | $0.77 | ||
| Q1 25 | $1.00 | $1.71 | ||
| Q4 24 | $2.55 | $-0.44 | ||
| Q3 24 | $0.53 | $0.89 | ||
| Q2 24 | $0.12 | $1.20 | ||
| Q1 24 | $0.59 | $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 | $184.1M | $287.0M |
| 总债务越低越好 | $6.5M | — |
| 股东权益账面价值 | $1.8B | $54.0M |
| 总资产 | $2.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资GIIITNET
| Q4 25 | $184.1M | $287.0M | ||
| Q3 25 | $301.8M | $321.0M | ||
| Q2 25 | $257.8M | $407.0M | ||
| Q1 25 | $181.4M | $349.0M | ||
| Q4 24 | $104.7M | $360.0M | ||
| Q3 24 | $414.8M | $301.0M | ||
| Q2 24 | $508.4M | $249.0M | ||
| Q1 24 | $507.8M | $383.0M |
总债务GIIITNET
| Q4 25 | $6.5M | — | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $213.9M | — | ||
| Q3 24 | $402.5M | — | ||
| Q2 24 | $402.7M | — | ||
| Q1 24 | $402.8M | — |
股东权益GIIITNET
| Q4 25 | $1.8B | $54.0M | ||
| Q3 25 | $1.7B | $110.0M | ||
| Q2 25 | $1.7B | $107.0M | ||
| Q1 25 | $1.7B | $63.0M | ||
| Q4 24 | $1.6B | $69.0M | ||
| Q3 24 | $1.5B | $129.0M | ||
| Q2 24 | $1.5B | $100.0M | ||
| Q1 24 | $1.6B | $143.0M |
总资产GIIITNET
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $2.7B | $3.4B | ||
| Q2 25 | $2.4B | $3.7B | ||
| Q1 25 | $2.5B | $3.8B | ||
| Q4 24 | $2.8B | $4.1B | ||
| Q3 24 | $2.7B | $3.7B | ||
| Q2 24 | $2.6B | $3.7B | ||
| Q1 24 | $2.7B | $4.0B |
负债/权益比GIIITNET
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.26× | — |
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 | $-97.3M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-106.4M | $43.0M |
| 自由现金流率自由现金流/营收 | -10.8% | 3.4% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 现金转化率经营现金流/净利润 | -1.21× | — |
| 过去12个月自由现金流最近4个季度 | $367.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流GIIITNET
| Q4 25 | $-97.3M | $61.0M | ||
| Q3 25 | $75.1M | $72.0M | ||
| Q2 25 | $93.8M | $75.0M | ||
| Q1 25 | $333.4M | $95.0M | ||
| Q4 24 | $-111.8M | $65.0M | ||
| Q3 24 | $49.3M | $84.0M | ||
| Q2 24 | $45.5M | $39.0M | ||
| Q1 24 | $361.3M | $91.0M |
自由现金流GIIITNET
| Q4 25 | $-106.4M | $43.0M | ||
| Q3 25 | $64.7M | $55.0M | ||
| Q2 25 | $85.7M | $57.0M | ||
| Q1 25 | $323.7M | $79.0M | ||
| Q4 24 | $-120.3M | $47.0M | ||
| Q3 24 | $38.8M | $59.0M | ||
| Q2 24 | $32.8M | $22.0M | ||
| Q1 24 | $352.3M | $73.0M |
自由现金流率GIIITNET
| Q4 25 | -10.8% | 3.4% | ||
| Q3 25 | 10.6% | 4.5% | ||
| Q2 25 | 14.7% | 4.6% | ||
| Q1 25 | 38.6% | 6.1% | ||
| Q4 24 | -11.1% | 3.7% | ||
| Q3 24 | 6.0% | 4.8% | ||
| Q2 24 | 5.4% | 1.8% | ||
| Q1 24 | 46.1% | 5.8% |
资本支出强度GIIITNET
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 1.7% | 1.4% | ||
| Q2 25 | 1.4% | 1.5% | ||
| Q1 25 | 1.2% | 1.2% | ||
| Q4 24 | 0.8% | 1.4% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 2.1% | 1.4% | ||
| Q1 24 | 1.2% | 1.4% |
现金转化率GIIITNET
| Q4 25 | -1.21× | — | ||
| Q3 25 | 6.86× | 2.12× | ||
| Q2 25 | 12.09× | 2.03× | ||
| Q1 25 | 6.83× | 1.12× | ||
| Q4 24 | -0.97× | — | ||
| Q3 24 | 2.04× | 1.87× | ||
| Q2 24 | 7.84× | 0.65× | ||
| Q1 24 | 12.52× | 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
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
