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Knife River Corp（KNF）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Knife River Corp的1.7倍（$1.2B vs $755.1M），Knife River Corp同比增速更快（14.9% vs -2.2%），Knife River Corp自由现金流更多（$138.2M vs $43.0M），过去两年Knife River Corp的营收复合增速更高（51.4% vs -0.6%）
哥伦比亚河刀具工具公司（CRKT）是1994年成立的美国刀具企业，总部位于美国俄勒冈州图拉丁，主营各类刀具相关产品，目前由罗德·布雷默担任总裁兼销售主管，佩吉·布雷默担任财务主管。
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。
KNF vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$755.1M
营收增速更快
KNF
高出17.1%
-2.2%
自由现金流更多
KNF
多$95.2M
$43.0M
两年增速更快
KNF
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $755.1M | $1.2B |
| 净利润 | $32.0M | — |
| 毛利率 | 19.2% | — |
| 营业利润率 | 8.6% | 0.1% |
| 净利率 | 4.2% | — |
| 营收同比 | 14.9% | -2.2% |
| 净利润同比 | 37.6% | — |
| 每股收益（稀释后） | $0.56 | $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KNFTNET
| Q4 25 | $755.1M | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $833.8M | $1.2B | ||
| Q1 25 | $353.5M | $1.3B | ||
| Q4 24 | $657.2M | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $806.9M | $1.2B | ||
| Q1 24 | $329.6M | $1.3B |
净利润KNFTNET
| Q4 25 | $32.0M | — | ||
| Q3 25 | $143.2M | $34.0M | ||
| Q2 25 | $50.6M | $37.0M | ||
| Q1 25 | $-68.7M | $85.0M | ||
| Q4 24 | $23.3M | — | ||
| Q3 24 | $148.1M | $45.0M | ||
| Q2 24 | $77.9M | $60.0M | ||
| Q1 24 | $-47.6M | $91.0M |
毛利率KNFTNET
| Q4 25 | 19.2% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 18.9% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 21.8% | — | ||
| Q1 24 | 2.0% | — |
营业利润率KNFTNET
| Q4 25 | 8.6% | 0.1% | ||
| Q3 25 | 17.9% | 4.1% | ||
| Q2 25 | 10.6% | 4.1% | ||
| Q1 25 | -23.4% | 8.9% | ||
| Q4 24 | 6.7% | -2.9% | ||
| Q3 24 | 18.9% | 4.7% | ||
| Q2 24 | 14.5% | 6.5% | ||
| Q1 24 | -16.3% | 9.7% |
净利率KNFTNET
| Q4 25 | 4.2% | — | ||
| Q3 25 | 11.9% | 2.8% | ||
| Q2 25 | 6.1% | 3.0% | ||
| Q1 25 | -19.4% | 6.6% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 13.4% | 3.6% | ||
| Q2 24 | 9.7% | 4.9% | ||
| Q1 24 | -14.5% | 7.2% |
每股收益（稀释后）KNFTNET
| Q4 25 | $0.56 | $0.02 | ||
| Q3 25 | $2.52 | $0.70 | ||
| Q2 25 | $0.89 | $0.77 | ||
| Q1 25 | $-1.21 | $1.71 | ||
| Q4 24 | $0.42 | $-0.44 | ||
| Q3 24 | $2.60 | $0.89 | ||
| Q2 24 | $1.37 | $1.20 | ||
| Q1 24 | $-0.84 | $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 | $73.8M | $287.0M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.6B | $54.0M |
| 总资产 | $3.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.71× | — |
8季度趋势，按日历期对齐
现金及短期投资KNFTNET
| Q4 25 | $73.8M | $287.0M | ||
| Q3 25 | $30.7M | $321.0M | ||
| Q2 25 | $26.6M | $407.0M | ||
| Q1 25 | $86.1M | $349.0M | ||
| Q4 24 | $236.8M | $360.0M | ||
| Q3 24 | $220.4M | $301.0M | ||
| Q2 24 | $15.5M | $249.0M | ||
| Q1 24 | $128.4M | $383.0M |
总债务KNFTNET
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $677.4M | — | ||
| Q3 24 | $678.5M | — | ||
| Q2 24 | $679.5M | — | ||
| Q1 24 | $680.6M | — |
股东权益KNFTNET
| Q4 25 | $1.6B | $54.0M | ||
| Q3 25 | $1.6B | $110.0M | ||
| Q2 25 | $1.5B | $107.0M | ||
| Q1 25 | $1.4B | $63.0M | ||
| Q4 24 | $1.5B | $69.0M | ||
| Q3 24 | $1.4B | $129.0M | ||
| Q2 24 | $1.3B | $100.0M | ||
| Q1 24 | $1.2B | $143.0M |
总资产KNFTNET
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $3.7B | $3.4B | ||
| Q2 25 | $3.6B | $3.7B | ||
| Q1 25 | $3.3B | $3.8B | ||
| Q4 24 | $2.9B | $4.1B | ||
| Q3 24 | $2.9B | $3.7B | ||
| Q2 24 | $2.7B | $3.7B | ||
| Q1 24 | $2.5B | $4.0B |
负债/权益比KNFTNET
| Q4 25 | 0.71× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.83× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.52× | — | ||
| Q1 24 | 0.56× | — |
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 | $195.9M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $138.2M | $43.0M |
| 自由现金流率自由现金流/营收 | 18.3% | 3.4% |
| 资本支出强度资本支出/营收 | 7.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 6.12× | — |
| 过去12个月自由现金流最近4个季度 | $-69.6M | $234.0M |
8季度趋势，按日历期对齐
经营现金流KNFTNET
| Q4 25 | $195.9M | $61.0M | ||
| Q3 25 | $250.4M | $72.0M | ||
| Q2 25 | $-42.6M | $75.0M | ||
| Q1 25 | $-125.3M | $95.0M | ||
| Q4 24 | $172.4M | $65.0M | ||
| Q3 24 | $239.7M | $84.0M | ||
| Q2 24 | $-46.6M | $39.0M | ||
| Q1 24 | $-43.2M | $91.0M |
自由现金流KNFTNET
| Q4 25 | $138.2M | $43.0M | ||
| Q3 25 | $188.7M | $55.0M | ||
| Q2 25 | $-196.2M | $57.0M | ||
| Q1 25 | $-200.2M | $79.0M | ||
| Q4 24 | $127.2M | $47.0M | ||
| Q3 24 | $216.1M | $59.0M | ||
| Q2 24 | $-106.5M | $22.0M | ||
| Q1 24 | $-86.9M | $73.0M |
自由现金流率KNFTNET
| Q4 25 | 18.3% | 3.4% | ||
| Q3 25 | 15.7% | 4.5% | ||
| Q2 25 | -23.5% | 4.6% | ||
| Q1 25 | -56.6% | 6.1% | ||
| Q4 24 | 19.3% | 3.7% | ||
| Q3 24 | 19.6% | 4.8% | ||
| Q2 24 | -13.2% | 1.8% | ||
| Q1 24 | -26.4% | 5.8% |
资本支出强度KNFTNET
| Q4 25 | 7.6% | 1.4% | ||
| Q3 25 | 5.1% | 1.4% | ||
| Q2 25 | 18.4% | 1.5% | ||
| Q1 25 | 21.2% | 1.2% | ||
| Q4 24 | 6.9% | 1.4% | ||
| Q3 24 | 2.1% | 2.0% | ||
| Q2 24 | 7.4% | 1.4% | ||
| Q1 24 | 13.3% | 1.4% |
现金转化率KNFTNET
| Q4 25 | 6.12× | — | ||
| Q3 25 | 1.75× | 2.12× | ||
| Q2 25 | -0.84× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 7.41× | — | ||
| Q3 24 | 1.62× | 1.87× | ||
| Q2 24 | -0.60× | 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
KNF
| Services | $347.2M | 46% |
| Ready Mix Concrete | $88.4M | 12% |
| Contracting Services Public Sector | $80.2M | 11% |
| Aggregates | $73.9M | 10% |
| Energy Services Segment | $56.2M | 7% |
| Liquid Asphalt | $49.1M | 7% |
| Other | $43.2M | 6% |
| Asphalt | $22.7M | 3% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
