vs
Jefferies Financial Group Inc.（JEF）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
Jefferies Financial Group Inc.的季度营收约是TRINET GROUP, INC.的1.3倍（$1.7B vs $1.2B），Jefferies Financial Group Inc.自由现金流更多（$1.9B vs $43.0M）
杰富瑞金融集团是总部位于美国纽约的金融服务企业，在纽约证券交易所挂牌上市，同时位列财富1000强榜单，为全球客户提供专业的金融相关服务。
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。
JEF vs TNET — 直观对比
营收规模更大
JEF
是对方的1.3倍
$1.2B
自由现金流更多
JEF
多$1.9B
$43.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $211.3M | — |
| 毛利率 | 95.7% | — |
| 营业利润率 | 15.2% | 0.1% |
| 净利率 | 12.6% | — |
| 营收同比 | — | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.85 | $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JEFTNET
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $971.2M | $1.3B |
净利润JEFTNET
| Q4 25 | $211.3M | — | ||
| Q3 25 | $242.5M | $34.0M | ||
| Q2 25 | $91.4M | $37.0M | ||
| Q1 25 | $136.8M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $181.0M | $45.0M | ||
| Q2 24 | $154.7M | $60.0M | ||
| Q1 24 | $156.4M | $91.0M |
毛利率JEFTNET
| Q4 25 | 95.7% | — | ||
| Q3 25 | 97.7% | — | ||
| Q2 25 | 96.5% | — | ||
| Q1 25 | 96.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 96.9% | — | ||
| Q2 24 | 96.4% | — | ||
| Q1 24 | 96.4% | — |
营业利润率JEFTNET
| Q4 25 | 15.2% | 0.1% | ||
| Q3 25 | 22.1% | 4.1% | ||
| Q2 25 | 11.0% | 4.1% | ||
| Q1 25 | 13.2% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 20.7% | 4.7% | ||
| Q2 24 | 22.0% | 6.5% | ||
| Q1 24 | 22.7% | 9.7% |
净利率JEFTNET
| Q4 25 | 12.6% | — | ||
| Q3 25 | 16.1% | 2.8% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | 12.0% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 14.8% | 3.6% | ||
| Q2 24 | 14.9% | 4.9% | ||
| Q1 24 | 16.1% | 7.2% |
每股收益（稀释后）JEFTNET
| Q4 25 | $0.85 | $0.02 | ||
| Q3 25 | $1.01 | $0.70 | ||
| Q2 25 | $0.40 | $0.77 | ||
| Q1 25 | $0.57 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $0.75 | $0.89 | ||
| Q2 24 | $0.64 | $1.20 | ||
| Q1 24 | $0.66 | $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 | $14.0B | $287.0M |
| 总债务越低越好 | $15.9B | — |
| 股东权益账面价值 | $10.6B | $54.0M |
| 总资产 | $76.0B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资JEFTNET
| Q4 25 | $14.0B | $287.0M | ||
| Q3 25 | $11.5B | $321.0M | ||
| Q2 25 | $11.3B | $407.0M | ||
| Q1 25 | $11.2B | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $10.6B | $301.0M | ||
| Q2 24 | $10.8B | $249.0M | ||
| Q1 24 | $7.6B | $383.0M |
总债务JEFTNET
| Q4 25 | $15.9B | — | ||
| Q3 25 | $16.0B | — | ||
| Q2 25 | $15.4B | — | ||
| Q1 25 | $14.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.9B | — | ||
| Q2 24 | $12.7B | — | ||
| Q1 24 | $9.9B | — |
股东权益JEFTNET
| Q4 25 | $10.6B | $54.0M | ||
| Q3 25 | $10.4B | $110.0M | ||
| Q2 25 | $10.3B | $107.0M | ||
| Q1 25 | $10.2B | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $10.0B | $129.0M | ||
| Q2 24 | $9.9B | $100.0M | ||
| Q1 24 | $9.8B | $143.0M |
总资产JEFTNET
| Q4 25 | $76.0B | $3.8B | ||
| Q3 25 | $69.3B | $3.4B | ||
| Q2 25 | $67.3B | $3.7B | ||
| Q1 25 | $70.2B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $63.3B | $3.7B | ||
| Q2 24 | $63.0B | $3.7B | ||
| Q1 24 | $60.9B | $4.0B |
负债/权益比JEFTNET
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.01× | — |
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 | $2.0B | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $1.9B | $43.0M |
| 自由现金流率自由现金流/营收 | 114.2% | 3.4% |
| 资本支出强度资本支出/营收 | 3.4% | 1.4% |
| 现金转化率经营现金流/净利润 | 9.30× | — |
| 过去12个月自由现金流最近4个季度 | $-1.7B | $234.0M |
8季度趋势，按日历期对齐
经营现金流JEFTNET
| Q4 25 | $2.0B | $61.0M | ||
| Q3 25 | $184.2M | $72.0M | ||
| Q2 25 | $-978.3M | $75.0M | ||
| Q1 25 | $-2.7B | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | $-1.3B | $91.0M |
自由现金流JEFTNET
| Q4 25 | $1.9B | $43.0M | ||
| Q3 25 | $126.0M | $55.0M | ||
| Q2 25 | $-1.0B | $57.0M | ||
| Q1 25 | $-2.7B | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | $-1.4B | $73.0M |
自由现金流率JEFTNET
| Q4 25 | 114.2% | 3.4% | ||
| Q3 25 | 8.4% | 4.5% | ||
| Q2 25 | -83.3% | 4.6% | ||
| Q1 25 | -237.2% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | -139.4% | 5.8% |
资本支出强度JEFTNET
| Q4 25 | 3.4% | 1.4% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 3.6% | 1.5% | ||
| Q1 25 | 4.3% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | 9.9% | 1.4% |
现金转化率JEFTNET
| Q4 25 | 9.30× | — | ||
| Q3 25 | 0.76× | 2.12× | ||
| Q2 25 | -10.70× | 2.03× | ||
| Q1 25 | -19.48× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | -8.04× | 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
JEF
| Investment Banking Underwriting | $555.6M | 33% |
| Principal Transactions Revenue | $378.3M | 23% |
| Commissions And Other Fees | $356.0M | 21% |
| Other | $177.8M | 11% |
| Internet Connection And Boadband Revenue | $57.0M | 3% |
| Other Sources Of Revenue Miscellaneous | $53.3M | 3% |
| Real Estate | $50.7M | 3% |
| Strategic Affiliates Revenue | $13.8M | 1% |
| Asset Management1 | $12.1M | 1% |
| Fixed Income Services | $1.6M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
