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JELD-WEN Holding, Inc.（JELD）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
TRINET GROUP, INC.的季度营收约是JELD-WEN Holding, Inc.的1.6倍（$1.2B vs $802.0M），TRINET GROUP, INC.同比增速更快（-2.2% vs -10.5%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $3.4M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -8.6%）
JELD-WEN是一家总部位于美国北卡罗来纳州夏洛特的企业，在全球19个国家运营着超过120家生产基地。公司主营设计、生产并销售室内外门窗、各类材质窗品、墙体系统、淋浴隔断、衣帽间系统等建筑部件，产品广泛应用于住宅与非住宅建筑的新建、维修及改造工程。
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。
JELD vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$802.0M
营收增速更快
TNET
高出8.3%
-10.5%
自由现金流更多
TNET
多$39.6M
$3.4M
两年增速更快
TNET
近两年复合增速
-8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $802.0M | $1.2B |
| 净利润 | $-41.9M | — |
| 毛利率 | 14.7% | — |
| 营业利润率 | -1.8% | 0.1% |
| 净利率 | -5.2% | — |
| 营收同比 | -10.5% | -2.2% |
| 净利润同比 | 38.7% | — |
| 每股收益（稀释后） | $-0.50 | $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JELDTNET
| Q4 25 | $802.0M | $1.2B | ||
| Q3 25 | $809.5M | $1.2B | ||
| Q2 25 | $823.7M | $1.2B | ||
| Q1 25 | $776.0M | $1.3B | ||
| Q4 24 | $895.7M | $1.3B | ||
| Q3 24 | $934.7M | $1.2B | ||
| Q2 24 | $986.0M | $1.2B | ||
| Q1 24 | $959.1M | $1.3B |
净利润JELDTNET
| Q4 25 | $-41.9M | — | ||
| Q3 25 | $-367.6M | $34.0M | ||
| Q2 25 | $-21.5M | $37.0M | ||
| Q1 25 | $-190.1M | $85.0M | ||
| Q4 24 | $-68.4M | — | ||
| Q3 24 | $-74.4M | $45.0M | ||
| Q2 24 | $-18.5M | $60.0M | ||
| Q1 24 | $-27.7M | $91.0M |
毛利率JELDTNET
| Q4 25 | 14.7% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 19.2% | — | ||
| Q2 24 | 19.3% | — | ||
| Q1 24 | 18.0% | — |
营业利润率JELDTNET
| Q4 25 | -1.8% | 0.1% | ||
| Q3 25 | -25.0% | 4.1% | ||
| Q2 25 | -1.7% | 4.1% | ||
| Q1 25 | -23.8% | 8.9% | ||
| Q4 24 | -5.7% | -2.9% | ||
| Q3 24 | -5.6% | 4.7% | ||
| Q2 24 | 0.5% | 6.5% | ||
| Q1 24 | -2.9% | 9.7% |
净利率JELDTNET
| Q4 25 | -5.2% | — | ||
| Q3 25 | -45.4% | 2.8% | ||
| Q2 25 | -2.6% | 3.0% | ||
| Q1 25 | -24.5% | 6.6% | ||
| Q4 24 | -7.6% | — | ||
| Q3 24 | -8.0% | 3.6% | ||
| Q2 24 | -1.9% | 4.9% | ||
| Q1 24 | -2.9% | 7.2% |
每股收益（稀释后）JELDTNET
| Q4 25 | $-0.50 | $0.02 | ||
| Q3 25 | $-4.30 | $0.70 | ||
| Q2 25 | $-0.25 | $0.77 | ||
| Q1 25 | $-2.24 | $1.71 | ||
| Q4 24 | $-0.80 | $-0.44 | ||
| Q3 24 | $-0.88 | $0.89 | ||
| Q2 24 | $-0.22 | $1.20 | ||
| Q1 24 | $-0.32 | $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 | $136.1M | $287.0M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $92.2M | $54.0M |
| 总资产 | $2.1B | $3.8B |
| 负债/权益比越低杠杆越低 | 12.47× | — |
8季度趋势，按日历期对齐
现金及短期投资JELDTNET
| Q4 25 | $136.1M | $287.0M | ||
| Q3 25 | $106.7M | $321.0M | ||
| Q2 25 | $134.1M | $407.0M | ||
| Q1 25 | $132.5M | $349.0M | ||
| Q4 24 | $150.3M | $360.0M | ||
| Q3 24 | $208.5M | $301.0M | ||
| Q2 24 | $212.8M | $249.0M | ||
| Q1 24 | $234.5M | $383.0M |
总债务JELDTNET
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益JELDTNET
| Q4 25 | $92.2M | $54.0M | ||
| Q3 25 | $113.9M | $110.0M | ||
| Q2 25 | $477.1M | $107.0M | ||
| Q1 25 | $452.1M | $63.0M | ||
| Q4 24 | $620.1M | $69.0M | ||
| Q3 24 | $720.3M | $129.0M | ||
| Q2 24 | $770.0M | $100.0M | ||
| Q1 24 | $811.5M | $143.0M |
总资产JELDTNET
| Q4 25 | $2.1B | $3.8B | ||
| Q3 25 | $2.2B | $3.4B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $2.6B | $4.1B | ||
| Q3 24 | $2.8B | $3.7B | ||
| Q2 24 | $2.9B | $3.7B | ||
| Q1 24 | $2.9B | $4.0B |
负债/权益比JELDTNET
| Q4 25 | 12.47× | — | ||
| Q3 25 | 10.14× | — | ||
| Q2 25 | 2.42× | — | ||
| Q1 25 | 2.56× | — | ||
| Q4 24 | 1.86× | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 1.46× | — |
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 | $32.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $43.0M |
| 自由现金流率自由现金流/营收 | 0.4% | 3.4% |
| 资本支出强度资本支出/营收 | 3.7% | 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 | $-124.6M | $234.0M |
8季度趋势，按日历期对齐
经营现金流JELDTNET
| Q4 25 | $32.8M | $61.0M | ||
| Q3 25 | $11.2M | $72.0M | ||
| Q2 25 | $34.6M | $75.0M | ||
| Q1 25 | $-83.5M | $95.0M | ||
| Q4 24 | $28.2M | $65.0M | ||
| Q3 24 | $37.6M | $84.0M | ||
| Q2 24 | $51.4M | $39.0M | ||
| Q1 24 | $-11.0M | $91.0M |
自由现金流JELDTNET
| Q4 25 | $3.4M | $43.0M | ||
| Q3 25 | $-13.1M | $55.0M | ||
| Q2 25 | $5.3M | $57.0M | ||
| Q1 25 | $-120.3M | $79.0M | ||
| Q4 24 | $-23.9M | $47.0M | ||
| Q3 24 | $-4.3M | $59.0M | ||
| Q2 24 | $14.7M | $22.0M | ||
| Q1 24 | $-42.2M | $73.0M |
自由现金流率JELDTNET
| Q4 25 | 0.4% | 3.4% | ||
| Q3 25 | -1.6% | 4.5% | ||
| Q2 25 | 0.6% | 4.6% | ||
| Q1 25 | -15.5% | 6.1% | ||
| Q4 24 | -2.7% | 3.7% | ||
| Q3 24 | -0.5% | 4.8% | ||
| Q2 24 | 1.5% | 1.8% | ||
| Q1 24 | -4.4% | 5.8% |
资本支出强度JELDTNET
| Q4 25 | 3.7% | 1.4% | ||
| Q3 25 | 3.0% | 1.4% | ||
| Q2 25 | 3.6% | 1.5% | ||
| Q1 25 | 4.7% | 1.2% | ||
| Q4 24 | 5.8% | 1.4% | ||
| Q3 24 | 4.5% | 2.0% | ||
| Q2 24 | 3.7% | 1.4% | ||
| Q1 24 | 3.3% | 1.4% |
现金转化率JELDTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 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
JELD
| North America Segment | $522.0M | 65% |
| Europe Segment | $280.0M | 35% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
