vs
盈透证券（IBKR）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
盈透证券的季度营收约是TRINET GROUP, INC.的1.3倍（$1.7B vs $1.2B），盈透证券同比增速更快（17.0% vs -2.2%），过去两年盈透证券的营收复合增速更高（87.6% vs -0.6%）
盈透证券集团是总部位于美国康涅狄格州格林威治的跨国经纪机构，运营着美国日均营收交易量最高的电子交易平台，2024年日均处理交易达260万笔。作为全球最大的外汇市场经纪商，同时也是头部主经纪商之一，服务商品经纪机构，可提供股票、期权、期货等多品类资产的经纪服务。
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。
IBKR vs TNET — 直观对比
营收规模更大
IBKR
是对方的1.3倍
$1.2B
营收增速更快
IBKR
高出19.2%
-2.2%
两年增速更快
IBKR
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $1.2B | — |
| 毛利率 | — | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 70.2% | — |
| 营收同比 | 17.0% | -2.2% |
| 净利润同比 | 21.5% | — |
| 每股收益（稀释后） | $0.59 | $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IBKRTNET
| Q1 26 | $1.7B | — | ||
| Q4 25 | $667.0M | $1.2B | ||
| Q3 25 | $603.0M | $1.2B | ||
| Q2 25 | $578.0M | $1.2B | ||
| Q1 25 | $592.0M | $1.3B | ||
| Q4 24 | $558.0M | $1.3B | ||
| Q3 24 | $507.0M | $1.2B | ||
| Q2 24 | $474.0M | $1.2B |
净利润IBKRTNET
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $34.0M | ||
| Q2 25 | $1.0B | $37.0M | ||
| Q1 25 | $964.0M | $85.0M | ||
| Q4 24 | $969.0M | — | ||
| Q3 24 | $834.0M | $45.0M | ||
| Q2 24 | $809.0M | $60.0M |
营业利润率IBKRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 6.5% |
净利率IBKRTNET
| Q1 26 | 70.2% | — | ||
| Q4 25 | 180.1% | — | ||
| Q3 25 | 196.7% | 2.8% | ||
| Q2 25 | 174.0% | 3.0% | ||
| Q1 25 | 162.8% | 6.6% | ||
| Q4 24 | 173.7% | — | ||
| Q3 24 | 164.5% | 3.6% | ||
| Q2 24 | 170.7% | 4.9% |
每股收益（稀释后）IBKRTNET
| Q1 26 | $0.59 | — | ||
| Q4 25 | $-0.82 | $0.02 | ||
| Q3 25 | $0.59 | $0.70 | ||
| Q2 25 | $0.51 | $0.77 | ||
| Q1 25 | $1.94 | $1.71 | ||
| Q4 24 | $2.00 | $-0.44 | ||
| Q3 24 | $1.67 | $0.89 | ||
| Q2 24 | $1.65 | $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 | $5.1B | $287.0M |
| 总债务越低越好 | $12.0M | — |
| 股东权益账面价值 | $5.6B | $54.0M |
| 总资产 | $218.7B | $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IBKRTNET
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.0B | $287.0M | ||
| Q3 25 | $5.1B | $321.0M | ||
| Q2 25 | $4.7B | $407.0M | ||
| Q1 25 | $3.5B | $349.0M | ||
| Q4 24 | $3.6B | $360.0M | ||
| Q3 24 | $3.6B | $301.0M | ||
| Q2 24 | $3.9B | $249.0M |
总债务IBKRTNET
| Q1 26 | $12.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益IBKRTNET
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.4B | $54.0M | ||
| Q3 25 | $5.1B | $110.0M | ||
| Q2 25 | $4.8B | $107.0M | ||
| Q1 25 | $4.5B | $63.0M | ||
| Q4 24 | $4.3B | $69.0M | ||
| Q3 24 | $4.1B | $129.0M | ||
| Q2 24 | $3.9B | $100.0M |
总资产IBKRTNET
| Q1 26 | $218.7B | — | ||
| Q4 25 | $203.2B | $3.8B | ||
| Q3 25 | $200.2B | $3.4B | ||
| Q2 25 | $181.5B | $3.7B | ||
| Q1 25 | $157.7B | $3.8B | ||
| Q4 24 | $150.1B | $4.1B | ||
| Q3 24 | $148.5B | $3.7B | ||
| Q2 24 | $136.6B | $3.7B |
负债/权益比IBKRTNET
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $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IBKRTNET
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $61.0M | ||
| Q3 25 | $4.5B | $72.0M | ||
| Q2 25 | $7.1B | $75.0M | ||
| Q1 25 | $2.6B | $95.0M | ||
| Q4 24 | $1.8B | $65.0M | ||
| Q3 24 | $3.6B | $84.0M | ||
| Q2 24 | $1.6B | $39.0M |
自由现金流IBKRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M |
自由现金流率IBKRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% |
资本支出强度IBKRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% |
现金转化率IBKRTNET
| Q1 26 | — | — | ||
| Q4 25 | 1.34× | — | ||
| Q3 25 | 3.78× | 2.12× | ||
| Q2 25 | 7.10× | 2.03× | ||
| Q1 25 | 2.68× | 1.12× | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | 4.29× | 1.87× | ||
| Q2 24 | 2.00× | 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
IBKR
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
