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微芯科技（MCHP）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.的季度营收约是微芯科技的1.1倍（$1.2B vs $1.2B），微芯科技同比增速更快（15.6% vs -2.2%），微芯科技自由现金流更多（$318.9M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -5.4%）
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
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。
MCHP 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
MCHP
高出17.8%
-2.2%
自由现金流更多
MCHP
多$275.9M
$43.0M
两年增速更快
TNET
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $62.7M | — |
| 毛利率 | 59.6% | — |
| 营业利润率 | 12.8% | 0.1% |
| 净利率 | 5.3% | — |
| 营收同比 | 15.6% | -2.2% |
| 净利润同比 | 217.0% | — |
| 每股收益（稀释后） | $0.06 | $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MCHPTNET
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $970.5M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.3B | $1.3B |
净利润MCHPTNET
| Q4 25 | $62.7M | — | ||
| Q3 25 | $41.7M | $34.0M | ||
| Q2 25 | $-18.6M | $37.0M | ||
| Q1 25 | $-154.6M | $85.0M | ||
| Q4 24 | $-53.6M | — | ||
| Q3 24 | $78.4M | $45.0M | ||
| Q2 24 | $129.3M | $60.0M | ||
| Q1 24 | $154.7M | $91.0M |
毛利率MCHPTNET
| Q4 25 | 59.6% | — | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 57.4% | — | ||
| Q2 24 | 59.4% | — | ||
| Q1 24 | 59.6% | — |
营业利润率MCHPTNET
| Q4 25 | 12.8% | 0.1% | ||
| Q3 25 | 7.8% | 4.1% | ||
| Q2 25 | 3.0% | 4.1% | ||
| Q1 25 | -10.3% | 8.9% | ||
| Q4 24 | 3.0% | -2.9% | ||
| Q3 24 | 12.6% | 4.7% | ||
| Q2 24 | 17.7% | 6.5% | ||
| Q1 24 | 19.1% | 9.7% |
净利率MCHPTNET
| Q4 25 | 5.3% | — | ||
| Q3 25 | 3.7% | 2.8% | ||
| Q2 25 | -1.7% | 3.0% | ||
| Q1 25 | -15.9% | 6.6% | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | 6.7% | 3.6% | ||
| Q2 24 | 10.4% | 4.9% | ||
| Q1 24 | 11.7% | 7.2% |
每股收益（稀释后）MCHPTNET
| Q4 25 | $0.06 | $0.02 | ||
| Q3 25 | $0.03 | $0.70 | ||
| Q2 25 | $-0.09 | $0.77 | ||
| Q1 25 | $-0.29 | $1.71 | ||
| Q4 24 | $-0.10 | $-0.44 | ||
| Q3 24 | $0.14 | $0.89 | ||
| Q2 24 | $0.24 | $1.20 | ||
| Q1 24 | $0.29 | $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 | $250.7M | $287.0M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $6.6B | $54.0M |
| 总资产 | $14.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.82× | — |
8季度趋势，按日历期对齐
现金及短期投资MCHPTNET
| Q4 25 | $250.7M | $287.0M | ||
| Q3 25 | $236.8M | $321.0M | ||
| Q2 25 | $566.5M | $407.0M | ||
| Q1 25 | $771.7M | $349.0M | ||
| Q4 24 | $586.0M | $360.0M | ||
| Q3 24 | $286.1M | $301.0M | ||
| Q2 24 | $315.1M | $249.0M | ||
| Q1 24 | $319.7M | $383.0M |
总债务MCHPTNET
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.0B | — |
股东权益MCHPTNET
| Q4 25 | $6.6B | $54.0M | ||
| Q3 25 | $6.7B | $110.0M | ||
| Q2 25 | $6.9B | $107.0M | ||
| Q1 25 | $7.1B | $63.0M | ||
| Q4 24 | $6.0B | $69.0M | ||
| Q3 24 | $6.3B | $129.0M | ||
| Q2 24 | $6.4B | $100.0M | ||
| Q1 24 | $6.7B | $143.0M |
总资产MCHPTNET
| Q4 25 | $14.3B | $3.8B | ||
| Q3 25 | $14.5B | $3.4B | ||
| Q2 25 | $15.0B | $3.7B | ||
| Q1 25 | $15.4B | $3.8B | ||
| Q4 24 | $15.6B | $4.1B | ||
| Q3 24 | $15.6B | $3.7B | ||
| Q2 24 | $15.8B | $3.7B | ||
| Q1 24 | $15.9B | $4.0B |
负债/权益比MCHPTNET
| Q4 25 | 0.82× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 0.90× | — |
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 | $341.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $318.9M | $43.0M |
| 自由现金流率自由现金流/营收 | 26.9% | 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 | 5.44× | — |
| 过去12个月自由现金流最近4个季度 | $819.9M | $234.0M |
8季度趋势，按日历期对齐
经营现金流MCHPTNET
| Q4 25 | $341.4M | $61.0M | ||
| Q3 25 | $88.1M | $72.0M | ||
| Q2 25 | $275.6M | $75.0M | ||
| Q1 25 | $205.9M | $95.0M | ||
| Q4 24 | $271.5M | $65.0M | ||
| Q3 24 | $43.6M | $84.0M | ||
| Q2 24 | $377.1M | $39.0M | ||
| Q1 24 | $430.0M | $91.0M |
自由现金流MCHPTNET
| Q4 25 | $318.9M | $43.0M | ||
| Q3 25 | $51.6M | $55.0M | ||
| Q2 25 | $257.7M | $57.0M | ||
| Q1 25 | $191.7M | $79.0M | ||
| Q4 24 | $253.4M | $47.0M | ||
| Q3 24 | $22.8M | $59.0M | ||
| Q2 24 | $304.2M | $22.0M | ||
| Q1 24 | $389.9M | $73.0M |
自由现金流率MCHPTNET
| Q4 25 | 26.9% | 3.4% | ||
| Q3 25 | 4.5% | 4.5% | ||
| Q2 25 | 24.0% | 4.6% | ||
| Q1 25 | 19.8% | 6.1% | ||
| Q4 24 | 24.7% | 3.7% | ||
| Q3 24 | 2.0% | 4.8% | ||
| Q2 24 | 24.5% | 1.8% | ||
| Q1 24 | 29.4% | 5.8% |
资本支出强度MCHPTNET
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 3.2% | 1.4% | ||
| Q2 25 | 1.7% | 1.5% | ||
| Q1 25 | 1.5% | 1.2% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 1.8% | 2.0% | ||
| Q2 24 | 5.9% | 1.4% | ||
| Q1 24 | 3.0% | 1.4% |
现金转化率MCHPTNET
| Q4 25 | 5.44× | — | ||
| Q3 25 | 2.11× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | 1.87× | ||
| Q2 24 | 2.92× | 0.65× | ||
| Q1 24 | 2.78× | 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
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
