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Jackson Financial Inc.（JXN）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
Jackson Financial Inc.的季度营收约是TRINET GROUP, INC.的1.6倍（$2.0B vs $1.2B），Jackson Financial Inc.同比增速更快（783.6% vs -2.2%），过去两年Jackson Financial Inc.的营收复合增速更高（50.1% vs -0.6%）
本公司是美国大型金融服务企业，旗下子公司面向美国及全球逾40个国家的零售与机构客户，提供保险、退休规划、投资管理等多元产品及服务。2019年为美国最大保险提供商，总资产达8151亿美元，入选《财富》世界500强及美国500强榜单。
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。
JXN vs TNET — 直观对比
营收规模更大
JXN
是对方的1.6倍
$1.2B
营收增速更快
JXN
高出785.7%
-2.2%
两年增速更快
JXN
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.2B |
| 净利润 | $-204.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -18.0% | 0.1% |
| 净利率 | -10.3% | — |
| 营收同比 | 783.6% | -2.2% |
| 净利润同比 | -159.1% | — |
| 每股收益（稀释后） | $-3.02 | $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JXNTNET
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $-471.0M | $1.2B | ||
| Q1 25 | $3.8B | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.1B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $-322.0M | $1.3B |
净利润JXNTNET
| Q4 25 | $-204.0M | — | ||
| Q3 25 | $76.0M | $34.0M | ||
| Q2 25 | $179.0M | $37.0M | ||
| Q1 25 | $-24.0M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-469.0M | $45.0M | ||
| Q2 24 | $275.0M | $60.0M | ||
| Q1 24 | $795.0M | $91.0M |
营业利润率JXNTNET
| Q4 25 | -18.0% | 0.1% | ||
| Q3 25 | 5.1% | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | -0.5% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | -27.3% | 4.7% | ||
| Q2 24 | 25.5% | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率JXNTNET
| Q4 25 | -10.3% | — | ||
| Q3 25 | 5.4% | 2.8% | ||
| Q2 25 | -38.0% | 3.0% | ||
| Q1 25 | -0.6% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | -22.1% | 3.6% | ||
| Q2 24 | 22.1% | 4.9% | ||
| Q1 24 | -246.9% | 7.2% |
每股收益（稀释后）JXNTNET
| Q4 25 | $-3.02 | $0.02 | ||
| Q3 25 | $0.92 | $0.70 | ||
| Q2 25 | $2.34 | $0.77 | ||
| Q1 25 | $-0.48 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $-6.37 | $0.89 | ||
| Q2 24 | $3.43 | $1.20 | ||
| Q1 24 | $9.94 | $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 | $5.7B | $287.0M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $10.0B | $54.0M |
| 总资产 | $352.6B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.20× | — |
8季度趋势，按日历期对齐
现金及短期投资JXNTNET
| Q4 25 | $5.7B | $287.0M | ||
| Q3 25 | $4.6B | $321.0M | ||
| Q2 25 | $3.8B | $407.0M | ||
| Q1 25 | $3.9B | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $3.1B | $301.0M | ||
| Q2 24 | $1.7B | $249.0M | ||
| Q1 24 | $2.5B | $383.0M |
总债务JXNTNET
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | — |
股东权益JXNTNET
| Q4 25 | $10.0B | $54.0M | ||
| Q3 25 | $10.2B | $110.0M | ||
| Q2 25 | $10.4B | $107.0M | ||
| Q1 25 | $10.3B | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $10.7B | $129.0M | ||
| Q2 24 | $10.1B | $100.0M | ||
| Q1 24 | $10.2B | $143.0M |
总资产JXNTNET
| Q4 25 | $352.6B | $3.8B | ||
| Q3 25 | $353.6B | $3.4B | ||
| Q2 25 | $343.7B | $3.7B | ||
| Q1 25 | $327.2B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $345.7B | $3.7B | ||
| Q2 24 | $337.8B | $3.7B | ||
| Q1 24 | $340.3B | $4.0B |
负债/权益比JXNTNET
| Q4 25 | 0.20× | — | ||
| Q3 25 | 0.20× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.20× | — | ||
| Q1 24 | 0.20× | — |
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 | $1.6B | $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JXNTNET
| Q4 25 | $1.6B | $61.0M | ||
| Q3 25 | $1.4B | $72.0M | ||
| Q2 25 | $1.2B | $75.0M | ||
| Q1 25 | $1.6B | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $1.4B | $84.0M | ||
| Q2 24 | $1.5B | $39.0M | ||
| Q1 24 | $1.4B | $91.0M |
自由现金流JXNTNET
| 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 | ||
| Q1 24 | — | $73.0M |
自由现金流率JXNTNET
| 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% | ||
| Q1 24 | — | 5.8% |
资本支出强度JXNTNET
| 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% | ||
| Q1 24 | — | 1.4% |
现金转化率JXNTNET
| Q4 25 | — | — | ||
| Q3 25 | 18.03× | 2.12× | ||
| Q2 25 | 6.55× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 5.37× | 0.65× | ||
| Q1 24 | 1.79× | 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
JXN
| Retail Annuities Segment | $1.5B | 74% |
| Closed Life And Annuity Blocks Segment | $298.0M | 15% |
| Institutional Products Segment | $146.0M | 7% |
| Other | $70.0M | 4% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
