vs
Magnera Corp（MAGN）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Magnera Corp的1.6倍（$1.2B vs $792.0M），Magnera Corp同比增速更快（12.8% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-13.0M），过去两年Magnera Corp的营收复合增速更高（54.9% vs -0.6%）
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。
MAGN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.6倍
$792.0M
营收增速更快
MAGN
高出15.0%
-2.2%
自由现金流更多
TNET
多$56.0M
$-13.0M
两年增速更快
MAGN
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $1.2B |
| 净利润 | $-34.0M | — |
| 毛利率 | 12.2% | — |
| 营业利润率 | 1.8% | 0.1% |
| 净利率 | -4.3% | — |
| 营收同比 | 12.8% | -2.2% |
| 净利润同比 | 43.3% | — |
| 每股收益（稀释后） | $-0.95 | $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MAGNTNET
| Q4 25 | $792.0M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $839.0M | $1.2B | ||
| Q1 25 | $824.0M | $1.3B | ||
| Q4 24 | $702.0M | $1.3B | ||
| Q3 24 | $332.1M | $1.2B | ||
| Q2 24 | $556.0M | $1.2B | ||
| Q1 24 | $558.0M | $1.3B |
净利润MAGNTNET
| Q4 25 | $-34.0M | — | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | $-18.0M | $37.0M | ||
| Q1 25 | $-41.0M | $85.0M | ||
| Q4 24 | $-60.0M | — | ||
| Q3 24 | $-15.2M | $45.0M | ||
| Q2 24 | $19.0M | $60.0M | ||
| Q1 24 | $14.0M | $91.0M |
毛利率MAGNTNET
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
营业利润率MAGNTNET
| Q4 25 | 1.8% | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | 1.5% | 4.1% | ||
| Q1 25 | 0.5% | 8.9% | ||
| Q4 24 | -3.1% | -2.9% | ||
| Q3 24 | 0.9% | 4.7% | ||
| Q2 24 | 3.1% | 6.5% | ||
| Q1 24 | 3.8% | 9.7% |
净利率MAGNTNET
| Q4 25 | -4.3% | — | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | -2.1% | 3.0% | ||
| Q1 25 | -5.0% | 6.6% | ||
| Q4 24 | -8.5% | — | ||
| Q3 24 | -4.6% | 3.6% | ||
| Q2 24 | 3.4% | 4.9% | ||
| Q1 24 | 2.5% | 7.2% |
每股收益（稀释后）MAGNTNET
| Q4 25 | $-0.95 | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | $-0.51 | $0.77 | ||
| Q1 25 | $-1.15 | $1.71 | ||
| Q4 24 | $-1.69 | $-0.44 | ||
| Q3 24 | $-0.33 | $0.89 | ||
| Q2 24 | $0.60 | $1.20 | ||
| Q1 24 | $0.44 | $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 | $264.0M | $287.0M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $1.0B | $54.0M |
| 总资产 | $3.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.86× | — |
8季度趋势，按日历期对齐
现金及短期投资MAGNTNET
| Q4 25 | $264.0M | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | $276.0M | $407.0M | ||
| Q1 25 | $282.0M | $349.0M | ||
| Q4 24 | $215.0M | $360.0M | ||
| Q3 24 | $230.0M | $301.0M | ||
| Q2 24 | $33.9M | $249.0M | ||
| Q1 24 | $30.2M | $383.0M |
总债务MAGNTNET
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
股东权益MAGNTNET
| Q4 25 | $1.0B | $54.0M | ||
| Q3 25 | — | $110.0M | ||
| Q2 25 | $1.1B | $107.0M | ||
| Q1 25 | $1.1B | $63.0M | ||
| Q4 24 | $1.1B | $69.0M | ||
| Q3 24 | $2.1B | $129.0M | ||
| Q2 24 | $2.4B | $100.0M | ||
| Q1 24 | $2.4B | $143.0M |
总资产MAGNTNET
| Q4 25 | $3.9B | $3.8B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $4.1B | $3.7B | ||
| Q1 25 | $4.1B | $3.8B | ||
| Q4 24 | $4.0B | $4.1B | ||
| Q3 24 | $2.8B | $3.7B | ||
| Q2 24 | $1.5B | $3.7B | ||
| Q1 24 | $1.5B | $4.0B |
负债/权益比MAGNTNET
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $43.0M |
| 自由现金流率自由现金流/营收 | -1.6% | 3.4% |
| 资本支出强度资本支出/营收 | 1.9% | 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MAGNTNET
| Q4 25 | $2.0M | $61.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | $0 | $75.0M | ||
| Q1 25 | $65.0M | $95.0M | ||
| Q4 24 | $-58.0M | $65.0M | ||
| Q3 24 | $12.2M | $84.0M | ||
| Q2 24 | $38.0M | $39.0M | ||
| Q1 24 | $20.0M | $91.0M |
自由现金流MAGNTNET
| Q4 25 | $-13.0M | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | $42.0M | $79.0M | ||
| Q4 24 | $-74.0M | $47.0M | ||
| Q3 24 | $3.6M | $59.0M | ||
| Q2 24 | $23.0M | $22.0M | ||
| Q1 24 | $12.5M | $73.0M |
自由现金流率MAGNTNET
| Q4 25 | -1.6% | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | 5.1% | 6.1% | ||
| Q4 24 | -10.5% | 3.7% | ||
| Q3 24 | 1.1% | 4.8% | ||
| Q2 24 | 4.1% | 1.8% | ||
| Q1 24 | 2.2% | 5.8% |
资本支出强度MAGNTNET
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 2.8% | 1.2% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 2.6% | 2.0% | ||
| Q2 24 | 2.7% | 1.4% | ||
| Q1 24 | 1.3% | 1.4% |
现金转化率MAGNTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 2.00× | 0.65× | ||
| Q1 24 | 1.43× | 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
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
