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Liberty Energy Inc.（LBRT）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Liberty Energy Inc.的1.2倍（$1.2B vs $1.0B），Liberty Energy Inc.同比增速更快（4.5% vs -2.2%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -6.2%）
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
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。
LBRT vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.0B
营收增速更快
LBRT
高出6.7%
-2.2%
两年增速更快
TNET
近两年复合增速
-6.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $22.6M | — |
| 毛利率 | — | — |
| 营业利润率 | 2.2% | 0.1% |
| 净利率 | 2.2% | — |
| 营收同比 | 4.5% | -2.2% |
| 净利润同比 | 64.8% | — |
| 每股收益（稀释后） | $0.14 | $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LBRTTNET
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $947.4M | $1.2B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $977.5M | $1.3B | ||
| Q4 24 | $943.6M | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
净利润LBRTTNET
| Q1 26 | $22.6M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $43.1M | $34.0M | ||
| Q2 25 | $71.0M | $37.0M | ||
| Q1 25 | $20.1M | $85.0M | ||
| Q4 24 | $51.9M | — | ||
| Q3 24 | $73.8M | $45.0M | ||
| Q2 24 | $108.4M | $60.0M |
毛利率LBRTTNET
| Q1 26 | — | — | ||
| Q4 25 | 20.6% | — | ||
| Q3 25 | 18.7% | — | ||
| Q2 25 | 22.1% | — | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.9% | — |
营业利润率LBRTTNET
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | -0.3% | 4.1% | ||
| Q2 25 | 3.6% | 4.1% | ||
| Q1 25 | 1.9% | 8.9% | ||
| Q4 24 | 2.6% | -2.9% | ||
| Q3 24 | 9.4% | 4.7% | ||
| Q2 24 | 12.2% | 6.5% |
净利率LBRTTNET
| Q1 26 | 2.2% | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 4.5% | 2.8% | ||
| Q2 25 | 6.8% | 3.0% | ||
| Q1 25 | 2.1% | 6.6% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 6.5% | 3.6% | ||
| Q2 24 | 9.3% | 4.9% |
每股收益（稀释后）LBRTTNET
| Q1 26 | $0.14 | — | ||
| Q4 25 | $0.08 | $0.02 | ||
| Q3 25 | $0.26 | $0.70 | ||
| Q2 25 | $0.43 | $0.77 | ||
| Q1 25 | $0.12 | $1.71 | ||
| Q4 24 | $0.31 | $-0.44 | ||
| Q3 24 | $0.44 | $0.89 | ||
| Q2 24 | $0.64 | $1.20 |
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 | $699.1M | $287.0M |
| 总债务越低越好 | $7.1M | — |
| 股东权益账面价值 | $1.9B | $54.0M |
| 总资产 | $4.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRTTNET
| Q1 26 | $699.1M | — | ||
| Q4 25 | $27.6M | $287.0M | ||
| Q3 25 | $13.5M | $321.0M | ||
| Q2 25 | $19.6M | $407.0M | ||
| Q1 25 | $24.1M | $349.0M | ||
| Q4 24 | $20.0M | $360.0M | ||
| Q3 24 | $23.0M | $301.0M | ||
| Q2 24 | $30.0M | $249.0M |
总债务LBRTTNET
| Q1 26 | $7.1M | — | ||
| Q4 25 | $246.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $190.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LBRTTNET
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.1B | $54.0M | ||
| Q3 25 | $2.1B | $110.0M | ||
| Q2 25 | $2.0B | $107.0M | ||
| Q1 25 | $2.0B | $63.0M | ||
| Q4 24 | $2.0B | $69.0M | ||
| Q3 24 | $2.0B | $129.0M | ||
| Q2 24 | $1.9B | $100.0M |
总资产LBRTTNET
| Q1 26 | $4.4B | — | ||
| Q4 25 | $3.6B | $3.8B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.4B | $3.8B | ||
| Q4 24 | $3.3B | $4.1B | ||
| Q3 24 | $3.3B | $3.7B | ||
| Q2 24 | $3.2B | $3.7B |
负债/权益比LBRTTNET
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.12× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | 13.1% | 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 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流LBRTTNET
| Q1 26 | — | — | ||
| Q4 25 | $195.4M | $61.0M | ||
| Q3 25 | $51.5M | $72.0M | ||
| Q2 25 | $170.6M | $75.0M | ||
| Q1 25 | $192.1M | $95.0M | ||
| Q4 24 | $177.3M | $65.0M | ||
| Q3 24 | $244.5M | $84.0M | ||
| Q2 24 | $248.2M | $39.0M |
自由现金流LBRTTNET
| Q1 26 | — | — | ||
| Q4 25 | $-10.0M | $43.0M | ||
| Q3 25 | $-67.2M | $55.0M | ||
| Q2 25 | $33.1M | $57.0M | ||
| Q1 25 | $58.2M | $79.0M | ||
| Q4 24 | $-26.2M | $47.0M | ||
| Q3 24 | $77.9M | $59.0M | ||
| Q2 24 | $112.2M | $22.0M |
自由现金流率LBRTTNET
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 3.4% | ||
| Q3 25 | -7.1% | 4.5% | ||
| Q2 25 | 3.2% | 4.6% | ||
| Q1 25 | 6.0% | 6.1% | ||
| Q4 24 | -2.8% | 3.7% | ||
| Q3 24 | 6.8% | 4.8% | ||
| Q2 24 | 9.7% | 1.8% |
资本支出强度LBRTTNET
| Q1 26 | 13.1% | — | ||
| Q4 25 | 19.8% | 1.4% | ||
| Q3 25 | 12.5% | 1.4% | ||
| Q2 25 | 13.2% | 1.5% | ||
| Q1 25 | 13.7% | 1.2% | ||
| Q4 24 | 21.6% | 1.4% | ||
| Q3 24 | 14.6% | 2.0% | ||
| Q2 24 | 11.7% | 1.4% |
现金转化率LBRTTNET
| Q1 26 | — | — | ||
| Q4 25 | 14.28× | — | ||
| Q3 25 | 1.20× | 2.12× | ||
| Q2 25 | 2.40× | 2.03× | ||
| Q1 25 | 9.55× | 1.12× | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 3.31× | 1.87× | ||
| Q2 24 | 2.29× | 0.65× |
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
LBRT
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
