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Host Hotels & Resorts（HST）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
Host Hotels & Resorts的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），Host Hotels & Resorts同比增速更快（12.3% vs -2.2%），Host Hotels & Resorts自由现金流更多（$445.0M vs $43.0M），过去两年Host Hotels & Resorts的营收复合增速更高（4.4% vs -0.6%）
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
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。
HST vs TNET — 直观对比
营收规模更大
HST
是对方的1.3倍
$1.2B
营收增速更快
HST
高出14.4%
-2.2%
自由现金流更多
HST
多$402.0M
$43.0M
两年增速更快
HST
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $135.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 12.0% | 0.1% |
| 净利率 | 8.4% | — |
| 营收同比 | 12.3% | -2.2% |
| 净利润同比 | 25.0% | — |
| 每股收益（稀释后） | $0.20 | $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HSTTNET
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
净利润HSTTNET
| Q4 25 | $135.0M | — | ||
| Q3 25 | $161.0M | $34.0M | ||
| Q2 25 | $221.0M | $37.0M | ||
| Q1 25 | $248.0M | $85.0M | ||
| Q4 24 | $108.0M | — | ||
| Q3 24 | $82.0M | $45.0M | ||
| Q2 24 | $239.0M | $60.0M | ||
| Q1 24 | $268.0M | $91.0M |
营业利润率HSTTNET
| Q4 25 | 12.0% | 0.1% | ||
| Q3 25 | 7.6% | 4.1% | ||
| Q2 25 | 17.5% | 4.1% | ||
| Q1 25 | 17.9% | 8.9% | ||
| Q4 24 | 11.0% | -2.9% | ||
| Q3 24 | 10.2% | 4.7% | ||
| Q2 24 | 19.9% | 6.5% | ||
| Q1 24 | 19.8% | 9.7% |
净利率HSTTNET
| Q4 25 | 8.4% | — | ||
| Q3 25 | 12.1% | 2.8% | ||
| Q2 25 | 13.9% | 3.0% | ||
| Q1 25 | 15.6% | 6.6% | ||
| Q4 24 | 7.6% | — | ||
| Q3 24 | 6.2% | 3.6% | ||
| Q2 24 | 16.3% | 4.9% | ||
| Q1 24 | 18.2% | 7.2% |
每股收益（稀释后）HSTTNET
| Q4 25 | $0.20 | $0.02 | ||
| Q3 25 | $0.23 | $0.70 | ||
| Q2 25 | $0.32 | $0.77 | ||
| Q1 25 | $0.35 | $1.71 | ||
| Q4 24 | $0.15 | $-0.44 | ||
| Q3 24 | $0.12 | $0.89 | ||
| Q2 24 | $0.34 | $1.20 | ||
| Q1 24 | $0.38 | $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 | $768.0M | $287.0M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $6.6B | $54.0M |
| 总资产 | $13.0B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资HSTTNET
| Q4 25 | $768.0M | $287.0M | ||
| Q3 25 | $539.0M | $321.0M | ||
| Q2 25 | $490.0M | $407.0M | ||
| Q1 25 | $428.0M | $349.0M | ||
| Q4 24 | $554.0M | $360.0M | ||
| Q3 24 | $564.0M | $301.0M | ||
| Q2 24 | $805.0M | $249.0M | ||
| Q1 24 | $1.3B | $383.0M |
总债务HSTTNET
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $896.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HSTTNET
| Q4 25 | $6.6B | $54.0M | ||
| Q3 25 | $6.7B | $110.0M | ||
| Q2 25 | $6.6B | $107.0M | ||
| Q1 25 | $6.7B | $63.0M | ||
| Q4 24 | $6.6B | $69.0M | ||
| Q3 24 | $6.7B | $129.0M | ||
| Q2 24 | $6.8B | $100.0M | ||
| Q1 24 | $6.7B | $143.0M |
总资产HSTTNET
| Q4 25 | $13.0B | $3.8B | ||
| Q3 25 | $13.0B | $3.4B | ||
| Q2 25 | $13.0B | $3.7B | ||
| Q1 25 | $12.9B | $3.8B | ||
| Q4 24 | $13.0B | $4.1B | ||
| Q3 24 | $13.1B | $3.7B | ||
| Q2 24 | $12.4B | $3.7B | ||
| Q1 24 | $12.5B | $4.0B |
负债/权益比HSTTNET
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $543.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 27.8% | 3.4% |
| 资本支出强度资本支出/营收 | 6.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 4.02× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $234.0M |
8季度趋势，按日历期对齐
经营现金流HSTTNET
| Q4 25 | $543.0M | $61.0M | ||
| Q3 25 | $218.0M | $72.0M | ||
| Q2 25 | $444.0M | $75.0M | ||
| Q1 25 | $305.0M | $95.0M | ||
| Q4 24 | $331.0M | $65.0M | ||
| Q3 24 | $349.0M | $84.0M | ||
| Q2 24 | $453.0M | $39.0M | ||
| Q1 24 | $365.0M | $91.0M |
自由现金流HSTTNET
| Q4 25 | $445.0M | $43.0M | ||
| Q3 25 | $143.0M | $55.0M | ||
| Q2 25 | $381.0M | $57.0M | ||
| Q1 25 | $259.0M | $79.0M | ||
| Q4 24 | $235.0M | $47.0M | ||
| Q3 24 | $262.0M | $59.0M | ||
| Q2 24 | $409.0M | $22.0M | ||
| Q1 24 | $332.0M | $73.0M |
自由现金流率HSTTNET
| Q4 25 | 27.8% | 3.4% | ||
| Q3 25 | 10.7% | 4.5% | ||
| Q2 25 | 24.0% | 4.6% | ||
| Q1 25 | 16.2% | 6.1% | ||
| Q4 24 | 16.5% | 3.7% | ||
| Q3 24 | 19.9% | 4.8% | ||
| Q2 24 | 27.9% | 1.8% | ||
| Q1 24 | 22.6% | 5.8% |
资本支出强度HSTTNET
| Q4 25 | 6.1% | 1.4% | ||
| Q3 25 | 5.6% | 1.4% | ||
| Q2 25 | 4.0% | 1.5% | ||
| Q1 25 | 2.9% | 1.2% | ||
| Q4 24 | 6.7% | 1.4% | ||
| Q3 24 | 6.6% | 2.0% | ||
| Q2 24 | 3.0% | 1.4% | ||
| Q1 24 | 2.2% | 1.4% |
现金转化率HSTTNET
| Q4 25 | 4.02× | — | ||
| Q3 25 | 1.35× | 2.12× | ||
| Q2 25 | 2.01× | 2.03× | ||
| Q1 25 | 1.23× | 1.12× | ||
| Q4 24 | 3.06× | — | ||
| Q3 24 | 4.26× | 1.87× | ||
| Q2 24 | 1.90× | 0.65× | ||
| Q1 24 | 1.36× | 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
HST
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
