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Iron Mountain（IRM）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
Iron Mountain的季度营收约是TRINET GROUP, INC.的1.5倍（$1.8B vs $1.2B），Iron Mountain同比增速更快（16.6% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-16.2M），过去两年Iron Mountain的营收复合增速更高（11.7% vs -0.6%）
Iron Mountain是1951年成立的美国企业信息管理服务提供商，总部位于新罕布什尔州朴茨茅斯。核心业务涵盖档案管理、信息销毁、数据备份与恢复，服务覆盖全球六大洲58个国家，为超过22万客户提供专业解决方案。
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。
IRM vs TNET — 直观对比
营收规模更大
IRM
是对方的1.5倍
$1.2B
营收增速更快
IRM
高出18.8%
-2.2%
自由现金流更多
TNET
多$59.2M
$-16.2M
两年增速更快
IRM
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $93.1M | — |
| 毛利率 | — | — |
| 营业利润率 | 18.5% | 0.1% |
| 净利率 | 5.1% | — |
| 营收同比 | 16.6% | -2.2% |
| 净利润同比 | -11.9% | — |
| 每股收益（稀释后） | $0.31 | $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IRMTNET
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
净利润IRMTNET
| Q4 25 | $93.1M | — | ||
| Q3 25 | $86.2M | $34.0M | ||
| Q2 25 | $-43.3M | $37.0M | ||
| Q1 25 | $16.2M | $85.0M | ||
| Q4 24 | $105.7M | — | ||
| Q3 24 | $-33.7M | $45.0M | ||
| Q2 24 | $34.6M | $60.0M | ||
| Q1 24 | $77.0M | $91.0M |
营业利润率IRMTNET
| Q4 25 | 18.5% | 0.1% | ||
| Q3 25 | 17.6% | 4.1% | ||
| Q2 25 | 15.2% | 4.1% | ||
| Q1 25 | 16.0% | 8.9% | ||
| Q4 24 | 17.9% | -2.9% | ||
| Q3 24 | 16.1% | 4.7% | ||
| Q2 24 | 15.0% | 6.5% | ||
| Q1 24 | 16.6% | 9.7% |
净利率IRMTNET
| Q4 25 | 5.1% | — | ||
| Q3 25 | 4.9% | 2.8% | ||
| Q2 25 | -2.5% | 3.0% | ||
| Q1 25 | 1.0% | 6.6% | ||
| Q4 24 | 6.7% | — | ||
| Q3 24 | -2.2% | 3.6% | ||
| Q2 24 | 2.3% | 4.9% | ||
| Q1 24 | 5.2% | 7.2% |
每股收益（稀释后）IRMTNET
| Q4 25 | $0.31 | $0.02 | ||
| Q3 25 | $0.28 | $0.70 | ||
| Q2 25 | $-0.15 | $0.77 | ||
| Q1 25 | $0.05 | $1.71 | ||
| Q4 24 | $0.35 | $-0.44 | ||
| Q3 24 | $-0.11 | $0.89 | ||
| Q2 24 | $0.12 | $1.20 | ||
| Q1 24 | $0.25 | $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 | $158.5M | $287.0M |
| 总债务越低越好 | $16.2B | — |
| 股东权益账面价值 | $-981.0M | $54.0M |
| 总资产 | $21.1B | $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IRMTNET
| Q4 25 | $158.5M | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | $155.7M | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务IRMTNET
| Q4 25 | $16.2B | — | ||
| Q3 25 | $15.5B | — | ||
| Q2 25 | $14.8B | — | ||
| Q1 25 | $14.2B | — | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $12.8B | — | ||
| Q1 24 | $12.6B | — |
股东权益IRMTNET
| Q4 25 | $-981.0M | $54.0M | ||
| Q3 25 | $-882.0M | $110.0M | ||
| Q2 25 | $-767.4M | $107.0M | ||
| Q1 25 | $-698.5M | $63.0M | ||
| Q4 24 | $-503.1M | $69.0M | ||
| Q3 24 | $-259.0M | $129.0M | ||
| Q2 24 | $-132.9M | $100.0M | ||
| Q1 24 | $18.5M | $143.0M |
总资产IRMTNET
| Q4 25 | $21.1B | $3.8B | ||
| Q3 25 | $20.6B | $3.4B | ||
| Q2 25 | $20.2B | $3.7B | ||
| Q1 25 | $19.4B | $3.8B | ||
| Q4 24 | $18.7B | $4.1B | ||
| Q3 24 | $18.5B | $3.7B | ||
| Q2 24 | $18.0B | $3.7B | ||
| Q1 24 | $17.8B | $4.0B |
负债/权益比IRMTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 679.18× | — |
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 | $500.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-16.2M | $43.0M |
| 自由现金流率自由现金流/营收 | -0.9% | 3.4% |
| 资本支出强度资本支出/营收 | 28.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 5.37× | — |
| 过去12个月自由现金流最近4个季度 | $-931.6M | $234.0M |
8季度趋势，按日历期对齐
经营现金流IRMTNET
| Q4 25 | $500.0M | $61.0M | ||
| Q3 25 | $267.6M | $72.0M | ||
| Q2 25 | $375.1M | $75.0M | ||
| Q1 25 | $197.3M | $95.0M | ||
| Q4 24 | $431.6M | $65.0M | ||
| Q3 24 | $252.9M | $84.0M | ||
| Q2 24 | $382.2M | $39.0M | ||
| Q1 24 | $130.0M | $91.0M |
自由现金流IRMTNET
| Q4 25 | $-16.2M | $43.0M | ||
| Q3 25 | $-256.3M | $55.0M | ||
| Q2 25 | $-181.6M | $57.0M | ||
| Q1 25 | $-477.5M | $79.0M | ||
| Q4 24 | $-186.0M | $47.0M | ||
| Q3 24 | $-143.2M | $59.0M | ||
| Q2 24 | $-14.6M | $22.0M | ||
| Q1 24 | $-251.1M | $73.0M |
自由现金流率IRMTNET
| Q4 25 | -0.9% | 3.4% | ||
| Q3 25 | -14.6% | 4.5% | ||
| Q2 25 | -10.6% | 4.6% | ||
| Q1 25 | -30.0% | 6.1% | ||
| Q4 24 | -11.8% | 3.7% | ||
| Q3 24 | -9.2% | 4.8% | ||
| Q2 24 | -1.0% | 1.8% | ||
| Q1 24 | -17.0% | 5.8% |
资本支出强度IRMTNET
| Q4 25 | 28.0% | 1.4% | ||
| Q3 25 | 29.9% | 1.4% | ||
| Q2 25 | 32.5% | 1.5% | ||
| Q1 25 | 42.4% | 1.2% | ||
| Q4 24 | 39.1% | 1.4% | ||
| Q3 24 | 25.4% | 2.0% | ||
| Q2 24 | 25.9% | 1.4% | ||
| Q1 24 | 25.8% | 1.4% |
现金转化率IRMTNET
| Q4 25 | 5.37× | — | ||
| Q3 25 | 3.10× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | 12.15× | 1.12× | ||
| Q4 24 | 4.08× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 11.04× | 0.65× | ||
| Q1 24 | 1.69× | 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
IRM
| Storage Rental | $1.1B | 58% |
| Services | $781.9M | 42% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
