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亨斯迈（HUN）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
亨斯迈的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -6.7%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $19.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs TNET — 直观对比
营收规模更大
HUN
是对方的1.1倍
$1.2B
营收增速更快
TNET
高出4.5%
-6.7%
自由现金流更多
TNET
多$24.0M
$19.0M
两年增速更快
TNET
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $-96.0M | — |
| 毛利率 | 12.1% | — |
| 营业利润率 | -4.4% | 0.1% |
| 净利率 | -7.1% | — |
| 营收同比 | -6.7% | -2.2% |
| 净利润同比 | 31.9% | — |
| 每股收益（稀释后） | $-0.56 | $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HUNTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
净利润HUNTNET
| Q4 25 | $-96.0M | — | ||
| Q3 25 | $-25.0M | $34.0M | ||
| Q2 25 | $-158.0M | $37.0M | ||
| Q1 25 | $-5.0M | $85.0M | ||
| Q4 24 | $-141.0M | — | ||
| Q3 24 | $-33.0M | $45.0M | ||
| Q2 24 | $22.0M | $60.0M | ||
| Q1 24 | $-37.0M | $91.0M |
毛利率HUNTNET
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | 14.3% | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 15.2% | — | ||
| Q2 24 | 15.4% | — | ||
| Q1 24 | 13.7% | — |
营业利润率HUNTNET
| Q4 25 | -4.4% | 0.1% | ||
| Q3 25 | 0.4% | 4.1% | ||
| Q2 25 | -8.2% | 4.1% | ||
| Q1 25 | 3.0% | 8.9% | ||
| Q4 24 | -4.3% | -2.9% | ||
| Q3 24 | 2.7% | 4.7% | ||
| Q2 24 | 2.2% | 6.5% | ||
| Q1 24 | -2.6% | 9.7% |
净利率HUNTNET
| Q4 25 | -7.1% | — | ||
| Q3 25 | -1.7% | 2.8% | ||
| Q2 25 | -10.8% | 3.0% | ||
| Q1 25 | -0.4% | 6.6% | ||
| Q4 24 | -9.7% | — | ||
| Q3 24 | -2.1% | 3.6% | ||
| Q2 24 | 1.4% | 4.9% | ||
| Q1 24 | -2.5% | 7.2% |
每股收益（稀释后）HUNTNET
| Q4 25 | $-0.56 | $0.02 | ||
| Q3 25 | $-0.14 | $0.70 | ||
| Q2 25 | $-0.92 | $0.77 | ||
| Q1 25 | $-0.03 | $1.71 | ||
| Q4 24 | $-0.82 | $-0.44 | ||
| Q3 24 | $-0.19 | $0.89 | ||
| Q2 24 | $0.13 | $1.20 | ||
| Q1 24 | $-0.22 | $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 | $429.0M | $287.0M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $54.0M |
| 总资产 | $7.0B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNTNET
| Q4 25 | $429.0M | $287.0M | ||
| Q3 25 | $468.0M | $321.0M | ||
| Q2 25 | $399.0M | $407.0M | ||
| Q1 25 | $334.0M | $349.0M | ||
| Q4 24 | $340.0M | $360.0M | ||
| Q3 24 | $330.0M | $301.0M | ||
| Q2 24 | $335.0M | $249.0M | ||
| Q1 24 | $552.0M | $383.0M |
总债务HUNTNET
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益HUNTNET
| Q4 25 | $2.8B | $54.0M | ||
| Q3 25 | $2.8B | $110.0M | ||
| Q2 25 | $2.8B | $107.0M | ||
| Q1 25 | $3.0B | $63.0M | ||
| Q4 24 | $3.0B | $69.0M | ||
| Q3 24 | $3.1B | $129.0M | ||
| Q2 24 | $3.1B | $100.0M | ||
| Q1 24 | $3.2B | $143.0M |
总资产HUNTNET
| Q4 25 | $7.0B | $3.8B | ||
| Q3 25 | $7.1B | $3.4B | ||
| Q2 25 | $7.1B | $3.7B | ||
| Q1 25 | $7.2B | $3.8B | ||
| Q4 24 | $7.1B | $4.1B | ||
| Q3 24 | $7.3B | $3.7B | ||
| Q2 24 | $7.3B | $3.7B | ||
| Q1 24 | $7.6B | $4.0B |
负债/权益比HUNTNET
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $76.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 1.4% | 3.4% |
| 资本支出强度资本支出/营收 | 4.2% | 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 | $116.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流HUNTNET
| Q4 25 | $76.0M | $61.0M | ||
| Q3 25 | $196.0M | $72.0M | ||
| Q2 25 | $91.0M | $75.0M | ||
| Q1 25 | $-74.0M | $95.0M | ||
| Q4 24 | $153.0M | $65.0M | ||
| Q3 24 | $129.0M | $84.0M | ||
| Q2 24 | $46.0M | $39.0M | ||
| Q1 24 | $-65.0M | $91.0M |
自由现金流HUNTNET
| Q4 25 | $19.0M | $43.0M | ||
| Q3 25 | $153.0M | $55.0M | ||
| Q2 25 | $54.0M | $57.0M | ||
| Q1 25 | $-110.0M | $79.0M | ||
| Q4 24 | $102.0M | $47.0M | ||
| Q3 24 | $88.0M | $59.0M | ||
| Q2 24 | $-4.0M | $22.0M | ||
| Q1 24 | $-107.0M | $73.0M |
自由现金流率HUNTNET
| Q4 25 | 1.4% | 3.4% | ||
| Q3 25 | 10.5% | 4.5% | ||
| Q2 25 | 3.7% | 4.6% | ||
| Q1 25 | -7.8% | 6.1% | ||
| Q4 24 | 7.0% | 3.7% | ||
| Q3 24 | 5.7% | 4.8% | ||
| Q2 24 | -0.3% | 1.8% | ||
| Q1 24 | -7.3% | 5.8% |
资本支出强度HUNTNET
| Q4 25 | 4.2% | 1.4% | ||
| Q3 25 | 2.9% | 1.4% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 2.6% | 1.2% | ||
| Q4 24 | 3.5% | 1.4% | ||
| Q3 24 | 2.7% | 2.0% | ||
| Q2 24 | 3.2% | 1.4% | ||
| Q1 24 | 2.9% | 1.4% |
现金转化率HUNTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 2.09× | 0.65× | ||
| Q1 24 | — | 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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
