vs
游戏驿站（GME）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.的季度营收约是游戏驿站的1.5倍（$1.2B vs $821.0M），TRINET GROUP, INC.同比增速更快（-2.2% vs -4.6%），游戏驿站自由现金流更多（$107.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
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。
GME vs TNET — 直观对比
营收规模更大
TNET
是对方的1.5倍
$821.0M
营收增速更快
TNET
高出2.4%
-4.6%
自由现金流更多
GME
多$64.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $1.2B |
| 净利润 | $77.1M | — |
| 毛利率 | 33.3% | — |
| 营业利润率 | 5.0% | 0.1% |
| 净利率 | 9.4% | — |
| 营收同比 | -4.6% | -2.2% |
| 净利润同比 | 343.1% | — |
| 每股收益（稀释后） | $0.13 | $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GMETNET
| Q4 25 | $821.0M | $1.2B | ||
| Q3 25 | $972.2M | $1.2B | ||
| Q2 25 | $732.4M | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $860.3M | $1.3B | ||
| Q3 24 | $798.3M | $1.2B | ||
| Q2 24 | $881.8M | $1.2B | ||
| Q1 24 | $1.8B | $1.3B |
净利润GMETNET
| Q4 25 | $77.1M | — | ||
| Q3 25 | $168.6M | $34.0M | ||
| Q2 25 | $44.8M | $37.0M | ||
| Q1 25 | $131.4M | $85.0M | ||
| Q4 24 | $17.4M | — | ||
| Q3 24 | $14.8M | $45.0M | ||
| Q2 24 | $-32.3M | $60.0M | ||
| Q1 24 | $63.1M | $91.0M |
毛利率GMETNET
| Q4 25 | 33.3% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 34.5% | — | ||
| Q1 25 | 28.3% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 31.2% | — | ||
| Q2 24 | 27.7% | — | ||
| Q1 24 | 23.4% | — |
营业利润率GMETNET
| Q4 25 | 5.0% | 0.1% | ||
| Q3 25 | 6.8% | 4.1% | ||
| Q2 25 | -1.5% | 4.1% | ||
| Q1 25 | 6.2% | 8.9% | ||
| Q4 24 | -3.9% | -2.9% | ||
| Q3 24 | -2.8% | 4.7% | ||
| Q2 24 | -5.7% | 6.5% | ||
| Q1 24 | 3.1% | 9.7% |
净利率GMETNET
| Q4 25 | 9.4% | — | ||
| Q3 25 | 17.3% | 2.8% | ||
| Q2 25 | 6.1% | 3.0% | ||
| Q1 25 | 10.2% | 6.6% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.9% | 3.6% | ||
| Q2 24 | -3.7% | 4.9% | ||
| Q1 24 | 3.5% | 7.2% |
每股收益（稀释后）GMETNET
| Q4 25 | $0.13 | $0.02 | ||
| Q3 25 | $0.31 | $0.70 | ||
| Q2 25 | $0.09 | $0.77 | ||
| Q1 25 | $0.36 | $1.71 | ||
| Q4 24 | $0.04 | $-0.44 | ||
| Q3 24 | $0.04 | $0.89 | ||
| Q2 24 | $-0.11 | $1.20 | ||
| Q1 24 | $0.21 | $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 | $8.8B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.3B | $54.0M |
| 总资产 | $10.6B | $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GMETNET
| Q4 25 | $8.8B | $287.0M | ||
| Q3 25 | $8.7B | $321.0M | ||
| Q2 25 | $6.4B | $407.0M | ||
| Q1 25 | $4.8B | $349.0M | ||
| Q4 24 | $4.6B | $360.0M | ||
| Q3 24 | $4.2B | $301.0M | ||
| Q2 24 | $1.1B | $249.0M | ||
| Q1 24 | $1.2B | $383.0M |
总债务GMETNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | — |
股东权益GMETNET
| Q4 25 | $5.3B | $54.0M | ||
| Q3 25 | $5.2B | $110.0M | ||
| Q2 25 | $5.0B | $107.0M | ||
| Q1 25 | $4.9B | $63.0M | ||
| Q4 24 | $4.8B | $69.0M | ||
| Q3 24 | $4.4B | $129.0M | ||
| Q2 24 | $1.3B | $100.0M | ||
| Q1 24 | $1.3B | $143.0M |
总资产GMETNET
| Q4 25 | $10.6B | $3.8B | ||
| Q3 25 | $10.3B | $3.4B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $5.9B | $3.8B | ||
| Q4 24 | $6.2B | $4.1B | ||
| Q3 24 | $5.5B | $3.7B | ||
| Q2 24 | $2.6B | $3.7B | ||
| Q1 24 | $2.7B | $4.0B |
负债/权益比GMETNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.02× | — |
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 | $111.3M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $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 | 0.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $568.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流GMETNET
| Q4 25 | $111.3M | $61.0M | ||
| Q3 25 | $117.4M | $72.0M | ||
| Q2 25 | $192.5M | $75.0M | ||
| Q1 25 | $162.3M | $95.0M | ||
| Q4 24 | $24.6M | $65.0M | ||
| Q3 24 | $68.6M | $84.0M | ||
| Q2 24 | $-109.8M | $39.0M | ||
| Q1 24 | $-11.0M | $91.0M |
自由现金流GMETNET
| Q4 25 | $107.0M | $43.0M | ||
| Q3 25 | $113.3M | $55.0M | ||
| Q2 25 | $189.6M | $57.0M | ||
| Q1 25 | $158.8M | $79.0M | ||
| Q4 24 | $20.0M | $47.0M | ||
| Q3 24 | $65.5M | $59.0M | ||
| Q2 24 | $-114.7M | $22.0M | ||
| Q1 24 | $-18.7M | $73.0M |
自由现金流率GMETNET
| Q4 25 | 13.0% | 3.4% | ||
| Q3 25 | 11.7% | 4.5% | ||
| Q2 25 | 25.9% | 4.6% | ||
| Q1 25 | 12.4% | 6.1% | ||
| Q4 24 | 2.3% | 3.7% | ||
| Q3 24 | 8.2% | 4.8% | ||
| Q2 24 | -13.0% | 1.8% | ||
| Q1 24 | -1.0% | 5.8% |
资本支出强度GMETNET
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.4% | 1.5% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 0.6% | 1.4% | ||
| Q1 24 | 0.4% | 1.4% |
现金转化率GMETNET
| Q4 25 | 1.44× | — | ||
| Q3 25 | 0.70× | 2.12× | ||
| Q2 25 | 4.30× | 2.03× | ||
| Q1 25 | 1.24× | 1.12× | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | -0.17× | 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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
