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KAISER ALUMINUM CORP（KALU）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KAISER ALUMINUM CORP的1.3倍（$1.2B vs $929.0M），KAISER ALUMINUM CORP同比增速更快（21.4% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-51.1M），过去两年KAISER ALUMINUM CORP的营收复合增速更高（12.2% vs -0.6%）
凯撒铝业是美国知名铝产品生产商，前身为凯撒铝业化工公司。其历史可追溯至Permanente Metals公司，该公司公开发行普通股后更名为凯撒铝业化工公司，后续拆分出现在的凯撒铝业，深耕铝材料生产领域，为下游多行业提供铝制品解决方案。
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。
KALU vs TNET — 直观对比
营收规模更大
TNET
是对方的1.3倍
$929.0M
营收增速更快
KALU
高出23.6%
-2.2%
自由现金流更多
TNET
多$94.1M
$-51.1M
两年增速更快
KALU
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $929.0M | $1.2B |
| 净利润 | $28.2M | — |
| 毛利率 | 13.3% | — |
| 营业利润率 | 6.5% | 0.1% |
| 净利率 | 3.0% | — |
| 营收同比 | 21.4% | -2.2% |
| 净利润同比 | 42.4% | — |
| 每股收益（稀释后） | $1.67 | $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KALUTNET
| Q4 25 | $929.0M | $1.2B | ||
| Q3 25 | $843.5M | $1.2B | ||
| Q2 25 | $823.1M | $1.2B | ||
| Q1 25 | $777.4M | $1.3B | ||
| Q4 24 | $765.4M | $1.3B | ||
| Q3 24 | $747.7M | $1.2B | ||
| Q2 24 | $773.4M | $1.2B | ||
| Q1 24 | $737.5M | $1.3B |
净利润KALUTNET
| Q4 25 | $28.2M | — | ||
| Q3 25 | $39.5M | $34.0M | ||
| Q2 25 | $23.2M | $37.0M | ||
| Q1 25 | $21.6M | $85.0M | ||
| Q4 24 | $19.8M | — | ||
| Q3 24 | $8.8M | $45.0M | ||
| Q2 24 | $18.9M | $60.0M | ||
| Q1 24 | $18.2M | $91.0M |
毛利率KALUTNET
| Q4 25 | 13.3% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 12.5% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 11.7% | — |
营业利润率KALUTNET
| Q4 25 | 6.5% | 0.1% | ||
| Q3 25 | 5.8% | 4.1% | ||
| Q2 25 | 4.6% | 4.1% | ||
| Q1 25 | 5.3% | 8.9% | ||
| Q4 24 | 5.0% | -2.9% | ||
| Q3 24 | 1.8% | 4.7% | ||
| Q2 24 | 4.7% | 6.5% | ||
| Q1 24 | 3.3% | 9.7% |
净利率KALUTNET
| Q4 25 | 3.0% | — | ||
| Q3 25 | 4.7% | 2.8% | ||
| Q2 25 | 2.8% | 3.0% | ||
| Q1 25 | 2.8% | 6.6% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.2% | 3.6% | ||
| Q2 24 | 2.4% | 4.9% | ||
| Q1 24 | 2.5% | 7.2% |
每股收益（稀释后）KALUTNET
| Q4 25 | $1.67 | $0.02 | ||
| Q3 25 | $2.38 | $0.70 | ||
| Q2 25 | $1.41 | $0.77 | ||
| Q1 25 | $1.31 | $1.71 | ||
| Q4 24 | $1.21 | $-0.44 | ||
| Q3 24 | $0.54 | $0.89 | ||
| Q2 24 | $1.15 | $1.20 | ||
| Q1 24 | $1.12 | $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 | $7.0M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $826.1M | $54.0M |
| 总资产 | $2.6B | $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KALUTNET
| Q4 25 | $7.0M | $287.0M | ||
| Q3 25 | $17.2M | $321.0M | ||
| Q2 25 | $13.1M | $407.0M | ||
| Q1 25 | $21.3M | $349.0M | ||
| Q4 24 | $18.4M | $360.0M | ||
| Q3 24 | $45.7M | $301.0M | ||
| Q2 24 | $70.4M | $249.0M | ||
| Q1 24 | $101.6M | $383.0M |
股东权益KALUTNET
| Q4 25 | $826.1M | $54.0M | ||
| Q3 25 | $806.1M | $110.0M | ||
| Q2 25 | $776.0M | $107.0M | ||
| Q1 25 | $756.8M | $63.0M | ||
| Q4 24 | $743.1M | $69.0M | ||
| Q3 24 | $729.4M | $129.0M | ||
| Q2 24 | $727.6M | $100.0M | ||
| Q1 24 | $714.7M | $143.0M |
总资产KALUTNET
| Q4 25 | $2.6B | $3.8B | ||
| Q3 25 | $2.6B | $3.4B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.4B | $3.8B | ||
| Q4 24 | $2.4B | $4.1B | ||
| Q3 24 | $2.3B | $3.7B | ||
| Q2 24 | $2.3B | $3.7B | ||
| Q1 24 | $2.3B | $4.0B |
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 | $-20.6M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-51.1M | $43.0M |
| 自由现金流率自由现金流/营收 | -5.5% | 3.4% |
| 资本支出强度资本支出/营收 | 3.3% | 1.4% |
| 现金转化率经营现金流/净利润 | -0.73× | — |
| 过去12个月自由现金流最近4个季度 | $-25.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流KALUTNET
| Q4 25 | $-20.6M | $61.0M | ||
| Q3 25 | $59.1M | $72.0M | ||
| Q2 25 | $15.9M | $75.0M | ||
| Q1 25 | $57.0M | $95.0M | ||
| Q4 24 | $43.4M | $65.0M | ||
| Q3 24 | $34.1M | $84.0M | ||
| Q2 24 | $26.3M | $39.0M | ||
| Q1 24 | $63.3M | $91.0M |
自由现金流KALUTNET
| Q4 25 | $-51.1M | $43.0M | ||
| Q3 25 | $34.5M | $55.0M | ||
| Q2 25 | $-27.7M | $57.0M | ||
| Q1 25 | $18.8M | $79.0M | ||
| Q4 24 | $-12.6M | $47.0M | ||
| Q3 24 | $-17.0M | $59.0M | ||
| Q2 24 | $-17.4M | $22.0M | ||
| Q1 24 | $33.3M | $73.0M |
自由现金流率KALUTNET
| Q4 25 | -5.5% | 3.4% | ||
| Q3 25 | 4.1% | 4.5% | ||
| Q2 25 | -3.4% | 4.6% | ||
| Q1 25 | 2.4% | 6.1% | ||
| Q4 24 | -1.6% | 3.7% | ||
| Q3 24 | -2.3% | 4.8% | ||
| Q2 24 | -2.2% | 1.8% | ||
| Q1 24 | 4.5% | 5.8% |
资本支出强度KALUTNET
| Q4 25 | 3.3% | 1.4% | ||
| Q3 25 | 2.9% | 1.4% | ||
| Q2 25 | 5.3% | 1.5% | ||
| Q1 25 | 4.9% | 1.2% | ||
| Q4 24 | 7.3% | 1.4% | ||
| Q3 24 | 6.8% | 2.0% | ||
| Q2 24 | 5.7% | 1.4% | ||
| Q1 24 | 4.1% | 1.4% |
现金转化率KALUTNET
| Q4 25 | -0.73× | — | ||
| Q3 25 | 1.50× | 2.12× | ||
| Q2 25 | 0.69× | 2.03× | ||
| Q1 25 | 2.64× | 1.12× | ||
| Q4 24 | 2.19× | — | ||
| Q3 24 | 3.88× | 1.87× | ||
| Q2 24 | 1.39× | 0.65× | ||
| Q1 24 | 3.48× | 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
KALU
| Packaging | $440.6M | 47% |
| Aero Hs Products | $213.0M | 23% |
| Transferred Over Time | $200.2M | 22% |
| Automotive Extrusions | $75.4M | 8% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
