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KEMPER Corp（KMPR）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KEMPER Corp的1.1倍（$1.2B vs $1.1B），TRINET GROUP, INC.同比增速更快（-2.2% vs -4.7%），KEMPER Corp自由现金流更多（$166.2M vs $43.0M），过去两年KEMPER Corp的营收复合增速更高（-0.5% vs -0.6%）
坎伯公司（Kemper Corporation）是总部位于美国伊利诺伊州芝加哥的保险服务商，总资产近130亿美元，旗下品牌矩阵为个人、家庭及企业客户提供多元保险产品服务。
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。
KMPR vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.1B
营收增速更快
TNET
高出2.5%
-4.7%
自由现金流更多
KMPR
多$123.2M
$43.0M
两年增速更快
KMPR
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $-8.0M | — |
| 毛利率 | — | — |
| 营业利润率 | — | 0.1% |
| 净利率 | -0.7% | — |
| 营收同比 | -4.7% | -2.2% |
| 净利润同比 | -108.2% | — |
| 每股收益（稀释后） | $-0.03 | $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KMPRTNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
净利润KMPRTNET
| Q4 25 | $-8.0M | — | ||
| Q3 25 | $-21.0M | $34.0M | ||
| Q2 25 | $72.6M | $37.0M | ||
| Q1 25 | $99.7M | $85.0M | ||
| Q4 24 | $97.4M | — | ||
| Q3 24 | $73.7M | $45.0M | ||
| Q2 24 | $75.4M | $60.0M | ||
| Q1 24 | $71.3M | $91.0M |
营业利润率KMPRTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 11.2% | 4.7% | ||
| Q2 24 | 10.1% | 6.5% | ||
| Q1 24 | 7.6% | 9.7% |
净利率KMPRTNET
| Q4 25 | -0.7% | — | ||
| Q3 25 | -1.7% | 2.8% | ||
| Q2 25 | 5.9% | 3.0% | ||
| Q1 25 | 8.4% | 6.6% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 6.3% | 3.6% | ||
| Q2 24 | 6.7% | 4.9% | ||
| Q1 24 | 6.2% | 7.2% |
每股收益（稀释后）KMPRTNET
| Q4 25 | $-0.03 | $0.02 | ||
| Q3 25 | $-0.34 | $0.70 | ||
| Q2 25 | $1.12 | $0.77 | ||
| Q1 25 | $1.54 | $1.71 | ||
| Q4 24 | $1.51 | $-0.44 | ||
| Q3 24 | $1.14 | $0.89 | ||
| Q2 24 | $1.16 | $1.20 | ||
| Q1 24 | $1.10 | $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 | — | $287.0M |
| 总债务越低越好 | $943.5M | — |
| 股东权益账面价值 | $2.7B | $54.0M |
| 总资产 | $12.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资KMPRTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $371.2M | $321.0M | ||
| Q2 25 | $407.6M | $407.0M | ||
| Q1 25 | $545.3M | $349.0M | ||
| Q4 24 | $1.0B | $360.0M | ||
| Q3 24 | $696.9M | $301.0M | ||
| Q2 24 | $539.1M | $249.0M | ||
| Q1 24 | $520.7M | $383.0M |
总债务KMPRTNET
| Q4 25 | $943.5M | — | ||
| Q3 25 | $943.1M | — | ||
| Q2 25 | $942.6M | — | ||
| Q1 25 | $942.1M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益KMPRTNET
| Q4 25 | $2.7B | $54.0M | ||
| Q3 25 | $2.7B | $110.0M | ||
| Q2 25 | $370.0M | $107.0M | ||
| Q1 25 | $366.0M | $63.0M | ||
| Q4 24 | $2.8B | $69.0M | ||
| Q3 24 | $2.8B | $129.0M | ||
| Q2 24 | $358.0M | $100.0M | ||
| Q1 24 | $2.6B | $143.0M |
总资产KMPRTNET
| Q4 25 | $12.5B | $3.8B | ||
| Q3 25 | $12.4B | $3.4B | ||
| Q2 25 | $12.6B | $3.7B | ||
| Q1 25 | $12.5B | $3.8B | ||
| Q4 24 | $12.6B | $4.1B | ||
| Q3 24 | $12.6B | $3.7B | ||
| Q2 24 | $12.6B | $3.7B | ||
| Q1 24 | $12.6B | $4.0B |
负债/权益比KMPRTNET
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 2.57× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 3.88× | — | ||
| Q1 24 | 0.54× | — |
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 | $175.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $166.2M | $43.0M |
| 自由现金流率自由现金流/营收 | 14.7% | 3.4% |
| 资本支出强度资本支出/营收 | 0.8% | 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 | $553.9M | $234.0M |
8季度趋势，按日历期对齐
经营现金流KMPRTNET
| Q4 25 | $175.0M | $61.0M | ||
| Q3 25 | $139.9M | $72.0M | ||
| Q2 25 | $89.6M | $75.0M | ||
| Q1 25 | $180.0M | $95.0M | ||
| Q4 24 | $175.1M | $65.0M | ||
| Q3 24 | $141.9M | $84.0M | ||
| Q2 24 | $22.9M | $39.0M | ||
| Q1 24 | $43.0M | $91.0M |
自由现金流KMPRTNET
| Q4 25 | $166.2M | $43.0M | ||
| Q3 25 | $133.4M | $55.0M | ||
| Q2 25 | $82.0M | $57.0M | ||
| Q1 25 | $172.3M | $79.0M | ||
| Q4 24 | $165.4M | $47.0M | ||
| Q3 24 | $131.4M | $59.0M | ||
| Q2 24 | $5.2M | $22.0M | ||
| Q1 24 | $27.7M | $73.0M |
自由现金流率KMPRTNET
| Q4 25 | 14.7% | 3.4% | ||
| Q3 25 | 10.8% | 4.5% | ||
| Q2 25 | 6.7% | 4.6% | ||
| Q1 25 | 14.4% | 6.1% | ||
| Q4 24 | 13.9% | 3.7% | ||
| Q3 24 | 11.1% | 4.8% | ||
| Q2 24 | 0.5% | 1.8% | ||
| Q1 24 | 2.4% | 5.8% |
资本支出强度KMPRTNET
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 0.5% | 1.4% | ||
| Q2 25 | 0.6% | 1.5% | ||
| Q1 25 | 0.6% | 1.2% | ||
| Q4 24 | 0.8% | 1.4% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 1.6% | 1.4% | ||
| Q1 24 | 1.3% | 1.4% |
现金转化率KMPRTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 1.23× | 2.03× | ||
| Q1 25 | 1.81× | 1.12× | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 1.93× | 1.87× | ||
| Q2 24 | 0.30× | 0.65× | ||
| Q1 24 | 0.60× | 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
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
