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Kontoor Brands, Inc.（KTB）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Kontoor Brands, Inc.的1.5倍（$1.2B vs $853.2M），Kontoor Brands, Inc.同比增速更快（27.3% vs -2.2%），Kontoor Brands, Inc.自由现金流更多（$55.8M vs $43.0M），过去两年Kontoor Brands, Inc.的营收复合增速更高（14.2% vs -0.6%）
Kontoor Brands是美国知名服装企业，2019年5月从威富集团分拆独立运营，旗下拥有Lee、Wrangler、Helly Hansen等国际知名服饰品牌，面向全球市场销售各类服饰产品，在休闲服饰及户外功能服饰领域拥有广泛的消费者基础。
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。
KTB vs TNET — 直观对比
营收规模更大
TNET
是对方的1.5倍
$853.2M
营收增速更快
KTB
高出29.5%
-2.2%
自由现金流更多
KTB
多$12.8M
$43.0M
两年增速更快
KTB
近两年复合增速
-0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $853.2M | $1.2B |
| 净利润 | $36.9M | — |
| 毛利率 | 41.3% | — |
| 营业利润率 | 7.5% | 0.1% |
| 净利率 | 4.3% | — |
| 营收同比 | 27.3% | -2.2% |
| 净利润同比 | -47.6% | — |
| 每股收益（稀释后） | $0.66 | $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KTBTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $853.2M | $1.2B | ||
| Q2 25 | $658.3M | $1.2B | ||
| Q1 25 | $622.9M | $1.3B | ||
| Q4 24 | $699.3M | $1.3B | ||
| Q3 24 | $670.2M | $1.2B | ||
| Q2 24 | $606.9M | $1.2B | ||
| Q1 24 | $631.2M | $1.3B |
净利润KTBTNET
| Q4 25 | — | — | ||
| Q3 25 | $36.9M | $34.0M | ||
| Q2 25 | $73.9M | $37.0M | ||
| Q1 25 | $42.9M | $85.0M | ||
| Q4 24 | $64.0M | — | ||
| Q3 24 | $70.5M | $45.0M | ||
| Q2 24 | $51.8M | $60.0M | ||
| Q1 24 | $59.5M | $91.0M |
毛利率KTBTNET
| Q4 25 | — | — | ||
| Q3 25 | 41.3% | — | ||
| Q2 25 | 46.3% | — | ||
| Q1 25 | 47.5% | — | ||
| Q4 24 | 43.7% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.7% | — | ||
| Q1 24 | 45.2% | — |
营业利润率KTBTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 7.5% | 4.1% | ||
| Q2 25 | 11.9% | 4.1% | ||
| Q1 25 | 11.8% | 8.9% | ||
| Q4 24 | 12.1% | -2.9% | ||
| Q3 24 | 14.7% | 4.7% | ||
| Q2 24 | 12.4% | 6.5% | ||
| Q1 24 | 13.4% | 9.7% |
净利率KTBTNET
| Q4 25 | — | — | ||
| Q3 25 | 4.3% | 2.8% | ||
| Q2 25 | 11.2% | 3.0% | ||
| Q1 25 | 6.9% | 6.6% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 10.5% | 3.6% | ||
| Q2 24 | 8.5% | 4.9% | ||
| Q1 24 | 9.4% | 7.2% |
每股收益（稀释后）KTBTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.66 | $0.70 | ||
| Q2 25 | $1.32 | $0.77 | ||
| Q1 25 | $0.76 | $1.71 | ||
| Q4 24 | $1.13 | $-0.44 | ||
| Q3 24 | $1.26 | $0.89 | ||
| Q2 24 | $0.92 | $1.20 | ||
| Q1 24 | $1.05 | $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 | $82.4M | $287.0M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $529.6M | $54.0M |
| 总资产 | $2.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 2.53× | — |
8季度趋势，按日历期对齐
现金及短期投资KTBTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $82.4M | $321.0M | ||
| Q2 25 | $107.5M | $407.0M | ||
| Q1 25 | $356.7M | $349.0M | ||
| Q4 24 | $334.1M | $360.0M | ||
| Q3 24 | $269.4M | $301.0M | ||
| Q2 24 | $224.3M | $249.0M | ||
| Q1 24 | $215.1M | $383.0M |
总债务KTBTNET
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $735.6M | — | ||
| Q4 24 | $740.3M | — | ||
| Q3 24 | $745.0M | — | ||
| Q2 24 | $749.7M | — | ||
| Q1 24 | $779.2M | — |
股东权益KTBTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $529.6M | $110.0M | ||
| Q2 25 | $498.3M | $107.0M | ||
| Q1 25 | $426.7M | $63.0M | ||
| Q4 24 | $400.1M | $69.0M | ||
| Q3 24 | $356.9M | $129.0M | ||
| Q2 24 | $367.2M | $100.0M | ||
| Q1 24 | $387.2M | $143.0M |
总资产KTBTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $2.9B | $3.4B | ||
| Q2 25 | $2.7B | $3.7B | ||
| Q1 25 | $1.7B | $3.8B | ||
| Q4 24 | $1.7B | $4.1B | ||
| Q3 24 | $1.7B | $3.7B | ||
| Q2 24 | $1.6B | $3.7B | ||
| Q1 24 | $1.7B | $4.0B |
负债/权益比KTBTNET
| Q4 25 | — | — | ||
| Q3 25 | 2.53× | — | ||
| Q2 25 | 2.74× | — | ||
| Q1 25 | 1.72× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 2.09× | — | ||
| Q2 24 | 2.04× | — | ||
| Q1 24 | 2.01× | — |
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 | $64.1M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $43.0M |
| 自由现金流率自由现金流/营收 | 6.5% | 3.4% |
| 资本支出强度资本支出/营收 | 1.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.74× | — |
| 过去12个月自由现金流最近4个季度 | $228.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流KTBTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $64.1M | $72.0M | ||
| Q2 25 | $25.7M | $75.0M | ||
| Q1 25 | $77.6M | $95.0M | ||
| Q4 24 | $82.0M | $65.0M | ||
| Q3 24 | $133.6M | $84.0M | ||
| Q2 24 | $96.2M | $39.0M | ||
| Q1 24 | $56.5M | $91.0M |
自由现金流KTBTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $55.8M | $55.0M | ||
| Q2 25 | $22.4M | $57.0M | ||
| Q1 25 | $74.9M | $79.0M | ||
| Q4 24 | $75.0M | $47.0M | ||
| Q3 24 | $129.9M | $59.0M | ||
| Q2 24 | $92.6M | $22.0M | ||
| Q1 24 | $52.0M | $73.0M |
自由现金流率KTBTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | 6.5% | 4.5% | ||
| Q2 25 | 3.4% | 4.6% | ||
| Q1 25 | 12.0% | 6.1% | ||
| Q4 24 | 10.7% | 3.7% | ||
| Q3 24 | 19.4% | 4.8% | ||
| Q2 24 | 15.3% | 1.8% | ||
| Q1 24 | 8.2% | 5.8% |
资本支出强度KTBTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.0% | 1.4% | ||
| Q2 25 | 0.5% | 1.5% | ||
| Q1 25 | 0.4% | 1.2% | ||
| Q4 24 | 1.0% | 1.4% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.6% | 1.4% | ||
| Q1 24 | 0.7% | 1.4% |
现金转化率KTBTNET
| Q4 25 | — | — | ||
| Q3 25 | 1.74× | 2.12× | ||
| Q2 25 | 0.35× | 2.03× | ||
| Q1 25 | 1.81× | 1.12× | ||
| Q4 24 | 1.28× | — | ||
| Q3 24 | 1.89× | 1.87× | ||
| Q2 24 | 1.86× | 0.65× | ||
| Q1 24 | 0.95× | 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
KTB
| International Member | $292.0M | 34% |
| CTC Triangle B.V | $192.7M | 23% |
| Lee Segment | $186.7M | 22% |
| Helly Hansen Segment | $185.9M | 22% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
