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Liberty Latin America Ltd.（LILA）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 Latin America Ltd.的1.1倍（$1.2B vs $1.2B），Liberty Latin America Ltd.同比增速更快（1.7% vs -2.2%），Liberty Latin America Ltd.自由现金流更多（$320.1M vs $43.0M），过去两年Liberty Latin America Ltd.的营收复合增速更高（2.7% vs -0.6%）
自由拉丁美洲有限公司是一家跨国电信运营商，由自由媒体国际业务板块与UnitedGlobalCom（UGC）于2005年合并而成，注册地位于百慕大，在伦敦、阿姆斯特丹和丹佛设有总部，旗下包含英国、荷兰等多地运营主体，相关业务覆盖电信服务领域。
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。
LILA vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.2B
营收增速更快
LILA
高出3.9%
-2.2%
自由现金流更多
LILA
多$277.1M
$43.0M
两年增速更快
LILA
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $-54.8M | — |
| 毛利率 | 77.3% | — |
| 营业利润率 | 10.8% | 0.1% |
| 净利率 | -4.7% | — |
| 营收同比 | 1.7% | -2.2% |
| 净利润同比 | 74.0% | — |
| 每股收益（稀释后） | $-0.27 | $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LILATNET
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
净利润LILATNET
| Q4 25 | $-54.8M | — | ||
| Q3 25 | $3.3M | $34.0M | ||
| Q2 25 | $-423.3M | $37.0M | ||
| Q1 25 | $-136.4M | $85.0M | ||
| Q4 24 | $-210.4M | — | ||
| Q3 24 | $-435.8M | $45.0M | ||
| Q2 24 | $-42.7M | $60.0M | ||
| Q1 24 | $-500.0K | $91.0M |
毛利率LILATNET
| Q4 25 | 77.3% | — | ||
| Q3 25 | 77.7% | — | ||
| Q2 25 | 78.6% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 76.1% | — | ||
| Q3 24 | 78.7% | — | ||
| Q2 24 | 78.1% | — | ||
| Q1 24 | 78.2% | — |
营业利润率LILATNET
| Q4 25 | 10.8% | 0.1% | ||
| Q3 25 | 16.9% | 4.1% | ||
| Q2 25 | -30.6% | 4.1% | ||
| Q1 25 | 11.8% | 8.9% | ||
| Q4 24 | 8.7% | -2.9% | ||
| Q3 24 | -34.9% | 4.7% | ||
| Q2 24 | 9.9% | 6.5% | ||
| Q1 24 | 8.4% | 9.7% |
净利率LILATNET
| Q4 25 | -4.7% | — | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | -39.0% | 3.0% | ||
| Q1 25 | -12.6% | 6.6% | ||
| Q4 24 | -18.5% | — | ||
| Q3 24 | -40.0% | 3.6% | ||
| Q2 24 | -3.8% | 4.9% | ||
| Q1 24 | -0.0% | 7.2% |
每股收益（稀释后）LILATNET
| Q4 25 | $-0.27 | $0.02 | ||
| Q3 25 | $0.02 | $0.70 | ||
| Q2 25 | $-2.12 | $0.77 | ||
| Q1 25 | $-0.69 | $1.71 | ||
| Q4 24 | $-1.03 | $-0.44 | ||
| Q3 24 | $-2.22 | $0.89 | ||
| Q2 24 | $-0.22 | $1.20 | ||
| Q1 24 | $0.00 | $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 | $783.9M | $287.0M |
| 总债务越低越好 | $7.9B | — |
| 股东权益账面价值 | $555.6M | $54.0M |
| 总资产 | $12.2B | $3.8B |
| 负债/权益比越低杠杆越低 | 14.17× | — |
8季度趋势，按日历期对齐
现金及短期投资LILATNET
| Q4 25 | $783.9M | $287.0M | ||
| Q3 25 | $596.7M | $321.0M | ||
| Q2 25 | $514.4M | $407.0M | ||
| Q1 25 | $575.5M | $349.0M | ||
| Q4 24 | $654.3M | $360.0M | ||
| Q3 24 | $588.6M | $301.0M | ||
| Q2 24 | $598.6M | $249.0M | ||
| Q1 24 | $668.5M | $383.0M |
总债务LILATNET
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.6B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.6B | — | ||
| Q3 24 | $7.6B | — | ||
| Q2 24 | $7.6B | — | ||
| Q1 24 | $7.6B | — |
股东权益LILATNET
| Q4 25 | $555.6M | $54.0M | ||
| Q3 25 | $628.9M | $110.0M | ||
| Q2 25 | $608.4M | $107.0M | ||
| Q1 25 | $1.0B | $63.0M | ||
| Q4 24 | $1.1B | $69.0M | ||
| Q3 24 | $1.2B | $129.0M | ||
| Q2 24 | $1.7B | $100.0M | ||
| Q1 24 | $1.7B | $143.0M |
总资产LILATNET
| Q4 25 | $12.2B | $3.8B | ||
| Q3 25 | $12.0B | $3.4B | ||
| Q2 25 | $12.0B | $3.7B | ||
| Q1 25 | $12.6B | $3.8B | ||
| Q4 24 | $12.8B | $4.1B | ||
| Q3 24 | $12.7B | $3.7B | ||
| Q2 24 | $13.2B | $3.7B | ||
| Q1 24 | $13.3B | $4.0B |
负债/权益比LILATNET
| Q4 25 | 14.17× | — | ||
| Q3 25 | 12.45× | — | ||
| Q2 25 | 12.50× | — | ||
| Q1 25 | 7.47× | — | ||
| Q4 24 | 6.99× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 4.59× | — | ||
| Q1 24 | 4.38× | — |
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 | $461.9M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $320.1M | $43.0M |
| 自由现金流率自由现金流/营收 | 27.6% | 3.4% |
| 资本支出强度资本支出/营收 | 12.2% | 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 | $305.9M | $234.0M |
8季度趋势，按日历期对齐
经营现金流LILATNET
| Q4 25 | $461.9M | $61.0M | ||
| Q3 25 | $178.2M | $72.0M | ||
| Q2 25 | $141.2M | $75.0M | ||
| Q1 25 | $24.6M | $95.0M | ||
| Q4 24 | $398.6M | $65.0M | ||
| Q3 24 | $177.5M | $84.0M | ||
| Q2 24 | $156.9M | $39.0M | ||
| Q1 24 | $23.3M | $91.0M |
自由现金流LILATNET
| Q4 25 | $320.1M | $43.0M | ||
| Q3 25 | $56.0M | $55.0M | ||
| Q2 25 | $1.9M | $57.0M | ||
| Q1 25 | $-72.1M | $79.0M | ||
| Q4 24 | $234.9M | $47.0M | ||
| Q3 24 | $51.0M | $59.0M | ||
| Q2 24 | $16.4M | $22.0M | ||
| Q1 24 | $-86.4M | $73.0M |
自由现金流率LILATNET
| Q4 25 | 27.6% | 3.4% | ||
| Q3 25 | 5.0% | 4.5% | ||
| Q2 25 | 0.2% | 4.6% | ||
| Q1 25 | -6.7% | 6.1% | ||
| Q4 24 | 20.6% | 3.7% | ||
| Q3 24 | 4.7% | 4.8% | ||
| Q2 24 | 1.5% | 1.8% | ||
| Q1 24 | -7.9% | 5.8% |
资本支出强度LILATNET
| Q4 25 | 12.2% | 1.4% | ||
| Q3 25 | 11.0% | 1.4% | ||
| Q2 25 | 12.8% | 1.5% | ||
| Q1 25 | 8.9% | 1.2% | ||
| Q4 24 | 14.4% | 1.4% | ||
| Q3 24 | 11.6% | 2.0% | ||
| Q2 24 | 12.6% | 1.4% | ||
| Q1 24 | 10.0% | 1.4% |
现金转化率LILATNET
| Q4 25 | — | — | ||
| Q3 25 | 54.00× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 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
LILA
| Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico | $301.3M | 26% |
| Cable Wireless Communications Limited CW Panama | $230.1M | 20% |
| Costa Rica Segment | $168.2M | 15% |
| Liberty Networks | $129.3M | 11% |
| Cable Subscription | $112.4M | 10% |
| Mobile Subscription | $95.9M | 8% |
| Mobile Handset And Other Devices | $73.0M | 6% |
| Liberty Networks Other | $25.0M | 2% |
| Mobile Non Subscription | $21.6M | 2% |
| B2B Mobile Handsetand Other Devices | $7.0M | 1% |
| Cable Non Subscription | $4.3M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
