vs
Alliant Energy（LNT）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Alliant Energy的1.2倍（$1.2B vs $1.1B），Alliant Energy同比增速更快（9.0% vs -2.2%），过去两年Alliant Energy的营收复合增速更高（1.5% vs -0.6%）
Alliant Energy是美国公用事业控股企业，主营受监管的电力与天然气服务，下设公用电力运营、公用燃气运营及其他公用事业三大业务板块。公司通过子公司Interstate Power and Light Company（IPL）为艾奥瓦州零售客户提供发电配电、天然气配送及运输服务，同时向明尼苏达州、伊利诺伊州等地的批发客户售电。
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。
LNT vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.1B
营收增速更快
LNT
高出11.2%
-2.2%
两年增速更快
LNT
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 | $142.0M | — |
| 毛利率 | 85.9% | — |
| 营业利润率 | 18.4% | 0.1% |
| 净利率 | 13.4% | — |
| 营收同比 | 9.0% | -2.2% |
| 净利润同比 | -5.3% | — |
| 每股收益（稀释后） | $0.54 | $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LNTTNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $961.0M | $1.2B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $975.0M | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $894.0M | $1.2B | ||
| Q1 24 | $1.0B | $1.3B |
净利润LNTTNET
| Q4 25 | $142.0M | — | ||
| Q3 25 | $281.0M | $34.0M | ||
| Q2 25 | $174.0M | $37.0M | ||
| Q1 25 | $213.0M | $85.0M | ||
| Q4 24 | $150.0M | — | ||
| Q3 24 | $295.0M | $45.0M | ||
| Q2 24 | $87.0M | $60.0M | ||
| Q1 24 | $158.0M | $91.0M |
毛利率LNTTNET
| Q4 25 | 85.9% | — | ||
| Q3 25 | 86.3% | — | ||
| Q2 25 | 84.3% | — | ||
| Q1 25 | 86.0% | — | ||
| Q4 24 | 84.7% | — | ||
| Q3 24 | 84.7% | — | ||
| Q2 24 | 83.6% | — | ||
| Q1 24 | 85.3% | — |
营业利润率LNTTNET
| Q4 25 | 18.4% | 0.1% | ||
| Q3 25 | 28.8% | 4.1% | ||
| Q2 25 | 23.2% | 4.1% | ||
| Q1 25 | 22.8% | 8.9% | ||
| Q4 24 | 22.7% | -2.9% | ||
| Q3 24 | 29.0% | 4.7% | ||
| Q2 24 | 14.5% | 6.5% | ||
| Q1 24 | 21.5% | 9.7% |
净利率LNTTNET
| Q4 25 | 13.4% | — | ||
| Q3 25 | 23.2% | 2.8% | ||
| Q2 25 | 18.1% | 3.0% | ||
| Q1 25 | 18.9% | 6.6% | ||
| Q4 24 | 15.4% | — | ||
| Q3 24 | 27.3% | 3.6% | ||
| Q2 24 | 9.7% | 4.9% | ||
| Q1 24 | 15.3% | 7.2% |
每股收益（稀释后）LNTTNET
| Q4 25 | $0.54 | $0.02 | ||
| Q3 25 | $1.09 | $0.70 | ||
| Q2 25 | $0.68 | $0.77 | ||
| Q1 25 | $0.83 | $1.71 | ||
| Q4 24 | $0.58 | $-0.44 | ||
| Q3 24 | $1.15 | $0.89 | ||
| Q2 24 | $0.34 | $1.20 | ||
| Q1 24 | $0.62 | $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 | $556.0M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.3B | $54.0M |
| 总资产 | $25.0B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LNTTNET
| Q4 25 | $556.0M | $287.0M | ||
| Q3 25 | $753.0M | $321.0M | ||
| Q2 25 | $329.0M | $407.0M | ||
| Q1 25 | $25.0M | $349.0M | ||
| Q4 24 | $81.0M | $360.0M | ||
| Q3 24 | $827.0M | $301.0M | ||
| Q2 24 | $92.0M | $249.0M | ||
| Q1 24 | $32.0M | $383.0M |
股东权益LNTTNET
| Q4 25 | $7.3B | $54.0M | ||
| Q3 25 | $7.3B | $110.0M | ||
| Q2 25 | $7.1B | $107.0M | ||
| Q1 25 | $7.1B | $63.0M | ||
| Q4 24 | $7.0B | $69.0M | ||
| Q3 24 | $7.0B | $129.0M | ||
| Q2 24 | $6.8B | $100.0M | ||
| Q1 24 | $6.8B | $143.0M |
总资产LNTTNET
| Q4 25 | $25.0B | $3.8B | ||
| Q3 25 | $24.6B | $3.4B | ||
| Q2 25 | $23.8B | $3.7B | ||
| Q1 25 | $22.9B | $3.8B | ||
| Q4 24 | $22.7B | $4.1B | ||
| Q3 24 | $22.8B | $3.7B | ||
| Q2 24 | $21.8B | $3.7B | ||
| Q1 24 | $21.2B | $4.0B |
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 | $269.0M | $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 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 1.89× | — |
| 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LNTTNET
| Q4 25 | $269.0M | $61.0M | ||
| Q3 25 | $408.0M | $72.0M | ||
| Q2 25 | $243.0M | $75.0M | ||
| Q1 25 | $249.0M | $95.0M | ||
| Q4 24 | $254.0M | $65.0M | ||
| Q3 24 | $351.0M | $84.0M | ||
| Q2 24 | $255.0M | $39.0M | ||
| Q1 24 | $307.0M | $91.0M |
自由现金流LNTTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $-103.0M | $55.0M | ||
| Q2 25 | $-179.0M | $57.0M | ||
| Q1 25 | $-305.0M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $-59.0M | $59.0M | ||
| Q2 24 | $-137.0M | $22.0M | ||
| Q1 24 | $-171.0M | $73.0M |
自由现金流率LNTTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | -8.5% | 4.5% | ||
| Q2 25 | -18.6% | 4.6% | ||
| Q1 25 | -27.0% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | -5.5% | 4.8% | ||
| Q2 24 | -15.3% | 1.8% | ||
| Q1 24 | -16.6% | 5.8% |
资本支出强度LNTTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 42.2% | 1.4% | ||
| Q2 25 | 43.9% | 1.5% | ||
| Q1 25 | 49.1% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 37.9% | 2.0% | ||
| Q2 24 | 43.8% | 1.4% | ||
| Q1 24 | 46.4% | 1.4% |
现金转化率LNTTNET
| Q4 25 | 1.89× | — | ||
| Q3 25 | 1.45× | 2.12× | ||
| Q2 25 | 1.40× | 2.03× | ||
| Q1 25 | 1.17× | 1.12× | ||
| Q4 24 | 1.69× | — | ||
| Q3 24 | 1.19× | 1.87× | ||
| Q2 24 | 2.93× | 0.65× | ||
| Q1 24 | 1.94× | 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
LNT
| Retail Residential | $313.0M | 29% |
| Retail Industrial | $251.0M | 24% |
| Retail Commercial | $226.0M | 21% |
| Gas | $158.0M | 15% |
| Other Customer | $43.0M | 4% |
| Wholesale | $36.0M | 3% |
| Other Utility | $15.0M | 1% |
| Steam | $9.0M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
