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Globe Life（GL）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
Globe Life的季度营收约是TRINET GROUP, INC.的1.2倍（$1.6B vs $1.2B），Globe Life同比增速更快（5.3% vs -2.2%），过去两年Globe Life的营收复合增速更高（4.1% vs -0.6%）
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
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。
GL vs TNET — 直观对比
营收规模更大
GL
是对方的1.2倍
$1.2B
营收增速更快
GL
高出7.5%
-2.2%
两年增速更快
GL
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $270.5M | — |
| 毛利率 | — | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 17.3% | — |
| 营收同比 | 5.3% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $3.39 | $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GLTNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
净利润GLTNET
| Q1 26 | $270.5M | — | ||
| Q4 25 | $266.1M | — | ||
| Q3 25 | $387.8M | $34.0M | ||
| Q2 25 | $252.7M | $37.0M | ||
| Q1 25 | $254.6M | $85.0M | ||
| Q4 24 | $255.2M | — | ||
| Q3 24 | $303.0M | $45.0M | ||
| Q2 24 | $258.4M | $60.0M |
毛利率GLTNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 26.1% | — | ||
| Q2 24 | 23.3% | — |
营业利润率GLTNET
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 0.1% | ||
| Q3 25 | 31.5% | 4.1% | ||
| Q2 25 | 21.2% | 4.1% | ||
| Q1 25 | 21.4% | 8.9% | ||
| Q4 24 | 21.3% | -2.9% | ||
| Q3 24 | 26.3% | 4.7% | ||
| Q2 24 | 23.5% | 6.5% |
净利率GLTNET
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 25.6% | 2.8% | ||
| Q2 25 | 17.1% | 3.0% | ||
| Q1 25 | 17.2% | 6.6% | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 20.8% | 3.6% | ||
| Q2 24 | 17.9% | 4.9% |
每股收益（稀释后）GLTNET
| Q1 26 | $3.39 | — | ||
| Q4 25 | $3.28 | $0.02 | ||
| Q3 25 | $4.73 | $0.70 | ||
| Q2 25 | $3.05 | $0.77 | ||
| Q1 25 | $3.01 | $1.71 | ||
| Q4 24 | $3.00 | $-0.44 | ||
| Q3 24 | $3.44 | $0.89 | ||
| Q2 24 | $2.83 | $1.20 |
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 | $183.8M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.1B | $54.0M |
| 总资产 | — | $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GLTNET
| Q1 26 | $183.8M | — | ||
| Q4 25 | $314.7M | $287.0M | ||
| Q3 25 | $62.8M | $321.0M | ||
| Q2 25 | $116.7M | $407.0M | ||
| Q1 25 | $134.1M | $349.0M | ||
| Q4 24 | $85.0M | $360.0M | ||
| Q3 24 | $100.5M | $301.0M | ||
| Q2 24 | $100.6M | $249.0M |
股东权益GLTNET
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $54.0M | ||
| Q3 25 | $5.7B | $110.0M | ||
| Q2 25 | $5.4B | $107.0M | ||
| Q1 25 | $5.4B | $63.0M | ||
| Q4 24 | $5.3B | $69.0M | ||
| Q3 24 | $4.6B | $129.0M | ||
| Q2 24 | $5.2B | $100.0M |
总资产GLTNET
| Q1 26 | — | — | ||
| Q4 25 | $30.8B | $3.8B | ||
| Q3 25 | $30.5B | $3.4B | ||
| Q2 25 | $29.8B | $3.7B | ||
| Q1 25 | $29.7B | $3.8B | ||
| Q4 24 | $29.1B | $4.1B | ||
| Q3 24 | $29.6B | $3.7B | ||
| Q2 24 | $28.3B | $3.7B |
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 | — | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | — | 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 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流GLTNET
| Q1 26 | — | — | ||
| Q4 25 | $350.6M | $61.0M | ||
| Q3 25 | $306.0M | $72.0M | ||
| Q2 25 | $307.9M | $75.0M | ||
| Q1 25 | $431.9M | $95.0M | ||
| Q4 24 | $336.9M | $65.0M | ||
| Q3 24 | $340.6M | $84.0M | ||
| Q2 24 | $374.1M | $39.0M |
自由现金流GLTNET
| Q1 26 | — | — | ||
| Q4 25 | $330.1M | $43.0M | ||
| Q3 25 | $208.7M | $55.0M | ||
| Q2 25 | $295.0M | $57.0M | ||
| Q1 25 | $420.1M | $79.0M | ||
| Q4 24 | $321.9M | $47.0M | ||
| Q3 24 | $311.3M | $59.0M | ||
| Q2 24 | $356.5M | $22.0M |
自由现金流率GLTNET
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 3.4% | ||
| Q3 25 | 13.8% | 4.5% | ||
| Q2 25 | 19.9% | 4.6% | ||
| Q1 25 | 28.4% | 6.1% | ||
| Q4 24 | 22.0% | 3.7% | ||
| Q3 24 | 21.4% | 4.8% | ||
| Q2 24 | 24.8% | 1.8% |
资本支出强度GLTNET
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 6.4% | 1.4% | ||
| Q2 25 | 0.9% | 1.5% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 1.0% | 1.4% | ||
| Q3 24 | 2.0% | 2.0% | ||
| Q2 24 | 1.2% | 1.4% |
现金转化率GLTNET
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | — | ||
| Q3 25 | 0.79× | 2.12× | ||
| Q2 25 | 1.22× | 2.03× | ||
| Q1 25 | 1.70× | 1.12× | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.12× | 1.87× | ||
| Q2 24 | 1.45× | 0.65× |
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
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
