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KinderCare Learning Companies, Inc.（KLC）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KinderCare Learning Companies, Inc.的1.8倍（$1.2B vs $676.8M），KinderCare Learning Companies, Inc.同比增速更快（0.8% vs -2.2%），KinderCare Learning Companies, Inc.自由现金流更多（$62.6M vs $43.0M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs TNET — 直观对比
营收规模更大
TNET
是对方的1.8倍
$676.8M
营收增速更快
KLC
高出3.0%
-2.2%
自由现金流更多
KLC
多$19.6M
$43.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $1.2B |
| 净利润 | $4.5M | — |
| 毛利率 | — | — |
| 营业利润率 | 3.9% | 0.1% |
| 净利率 | 0.7% | — |
| 营收同比 | 0.8% | -2.2% |
| 净利润同比 | -67.4% | — |
| 每股收益（稀释后） | $0.04 | $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KLCTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $676.8M | $1.2B | ||
| Q2 25 | $700.1M | $1.2B | ||
| Q1 25 | $668.2M | $1.3B | ||
| Q4 24 | $647.0M | $1.3B | ||
| Q3 24 | $671.5M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润KLCTNET
| Q4 25 | — | — | ||
| Q3 25 | $4.5M | $34.0M | ||
| Q2 25 | $38.6M | $37.0M | ||
| Q1 25 | $21.2M | $85.0M | ||
| Q4 24 | $-133.6M | — | ||
| Q3 24 | $14.0M | $45.0M | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | — | $91.0M |
营业利润率KLCTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 3.9% | 4.1% | ||
| Q2 25 | 9.8% | 4.1% | ||
| Q1 25 | 7.3% | 8.9% | ||
| Q4 24 | -13.8% | -2.9% | ||
| Q3 24 | 8.1% | 4.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率KLCTNET
| Q4 25 | — | — | ||
| Q3 25 | 0.7% | 2.8% | ||
| Q2 25 | 5.5% | 3.0% | ||
| Q1 25 | 3.2% | 6.6% | ||
| Q4 24 | -20.6% | — | ||
| Q3 24 | 2.1% | 3.6% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 7.2% |
每股收益（稀释后）KLCTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.04 | $0.70 | ||
| Q2 25 | $0.33 | $0.77 | ||
| Q1 25 | $0.18 | $1.71 | ||
| Q4 24 | $-1.17 | $-0.44 | ||
| Q3 24 | $0.15 | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | — | $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 | $174.7M | $287.0M |
| 总债务越低越好 | $930.9M | — |
| 股东权益账面价值 | $931.2M | $54.0M |
| 总资产 | $3.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资KLCTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $174.7M | $321.0M | ||
| Q2 25 | $119.0M | $407.0M | ||
| Q1 25 | $131.3M | $349.0M | ||
| Q4 24 | $62.3M | $360.0M | ||
| Q3 24 | $137.2M | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务KLCTNET
| Q4 25 | — | — | ||
| Q3 25 | $930.9M | — | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KLCTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $931.2M | $110.0M | ||
| Q2 25 | $924.3M | $107.0M | ||
| Q1 25 | $884.9M | $63.0M | ||
| Q4 24 | $864.5M | $69.0M | ||
| Q3 24 | $235.6M | $129.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产KLCTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | $3.7B | $3.8B | ||
| Q4 24 | $3.6B | $4.1B | ||
| Q3 24 | $3.7B | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $4.0B |
负债/权益比KLCTNET
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $100.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $43.0M |
| 自由现金流率自由现金流/营收 | 9.2% | 3.4% |
| 资本支出强度资本支出/营收 | 5.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 22.15× | — |
| 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KLCTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $100.8M | $72.0M | ||
| Q2 25 | $35.0M | $75.0M | ||
| Q1 25 | $98.4M | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流KLCTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $62.6M | $55.0M | ||
| Q2 25 | $671.0K | $57.0M | ||
| Q1 25 | $75.1M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率KLCTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | 9.2% | 4.5% | ||
| Q2 25 | 0.1% | 4.6% | ||
| Q1 25 | 11.2% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度KLCTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 5.6% | 1.4% | ||
| Q2 25 | 4.9% | 1.5% | ||
| Q1 25 | 3.5% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率KLCTNET
| Q4 25 | — | — | ||
| Q3 25 | 22.15× | 2.12× | ||
| Q2 25 | 0.91× | 2.03× | ||
| Q1 25 | 4.65× | 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
