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MERCURY GENERAL CORP（MCY）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
MERCURY GENERAL CORP的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），MERCURY GENERAL CORP同比增速更快（12.4% vs -2.2%），MERCURY GENERAL CORP自由现金流更多（$273.9M vs $43.0M），过去两年MERCURY GENERAL CORP的营收复合增速更高（9.8% vs -0.6%）
水星通用集团是一家综合性保险机构，业务覆盖个人车险、房主保险、租客保险及商业保险等多个品类，其中车险与房主保险是公司的核心经营板块。
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。
MCY vs TNET — 直观对比
营收规模更大
MCY
是对方的1.2倍
$1.2B
营收增速更快
MCY
高出14.6%
-2.2%
自由现金流更多
MCY
多$230.9M
$43.0M
两年增速更快
MCY
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $202.5M | — |
| 毛利率 | 99.7% | — |
| 营业利润率 | 16.2% | 0.1% |
| 净利率 | 13.2% | — |
| 营收同比 | 12.4% | -2.2% |
| 净利润同比 | 100.4% | — |
| 每股收益（稀释后） | $3.66 | $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MCYTNET
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.3B | $1.3B |
净利润MCYTNET
| Q4 25 | $202.5M | — | ||
| Q3 25 | $280.4M | $34.0M | ||
| Q2 25 | $166.5M | $37.0M | ||
| Q1 25 | $-108.3M | $85.0M | ||
| Q4 24 | $101.1M | — | ||
| Q3 24 | $230.9M | $45.0M | ||
| Q2 24 | $62.6M | $60.0M | ||
| Q1 24 | $73.5M | $91.0M |
毛利率MCYTNET
| Q4 25 | 99.7% | — | ||
| Q3 25 | 99.8% | — | ||
| Q2 25 | 99.8% | — | ||
| Q1 25 | 99.7% | — | ||
| Q4 24 | 99.7% | — | ||
| Q3 24 | 99.8% | — | ||
| Q2 24 | 99.8% | — | ||
| Q1 24 | 99.7% | — |
营业利润率MCYTNET
| Q4 25 | 16.2% | 0.1% | ||
| Q3 25 | 22.1% | 4.1% | ||
| Q2 25 | 14.0% | 4.1% | ||
| Q1 25 | -10.2% | 8.9% | ||
| Q4 24 | 9.0% | -2.9% | ||
| Q3 24 | 18.8% | 4.7% | ||
| Q2 24 | 5.8% | 6.5% | ||
| Q1 24 | 7.0% | 9.7% |
净利率MCYTNET
| Q4 25 | 13.2% | — | ||
| Q3 25 | 17.7% | 2.8% | ||
| Q2 25 | 11.3% | 3.0% | ||
| Q1 25 | -7.8% | 6.6% | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 15.1% | 3.6% | ||
| Q2 24 | 4.8% | 4.9% | ||
| Q1 24 | 5.8% | 7.2% |
每股收益（稀释后）MCYTNET
| Q4 25 | $3.66 | $0.02 | ||
| Q3 25 | $5.06 | $0.70 | ||
| Q2 25 | $3.01 | $0.77 | ||
| Q1 25 | $-1.96 | $1.71 | ||
| Q4 24 | $1.82 | $-0.44 | ||
| Q3 24 | $4.17 | $0.89 | ||
| Q2 24 | $1.13 | $1.20 | ||
| Q1 24 | $1.33 | $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 | — | $287.0M |
| 总债务越低越好 | $575.0M | — |
| 股东权益账面价值 | $2.4B | $54.0M |
| 总资产 | $9.6B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资MCYTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务MCYTNET
| Q4 25 | $575.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $575.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MCYTNET
| Q4 25 | $2.4B | $54.0M | ||
| Q3 25 | $2.2B | $110.0M | ||
| Q2 25 | $2.0B | $107.0M | ||
| Q1 25 | $1.8B | $63.0M | ||
| Q4 24 | $1.9B | $69.0M | ||
| Q3 24 | $1.9B | $129.0M | ||
| Q2 24 | $1.6B | $100.0M | ||
| Q1 24 | $1.6B | $143.0M |
总资产MCYTNET
| Q4 25 | $9.6B | $3.8B | ||
| Q3 25 | $9.4B | $3.4B | ||
| Q2 25 | $9.1B | $3.7B | ||
| Q1 25 | $9.0B | $3.8B | ||
| Q4 24 | $8.3B | $4.1B | ||
| Q3 24 | $8.2B | $3.7B | ||
| Q2 24 | $7.7B | $3.7B | ||
| Q1 24 | $7.4B | $4.0B |
负债/权益比MCYTNET
| Q4 25 | 0.24× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $287.9M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $273.9M | $43.0M |
| 自由现金流率自由现金流/营收 | 17.8% | 3.4% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | $234.0M |
8季度趋势，按日历期对齐
经营现金流MCYTNET
| Q4 25 | $287.9M | $61.0M | ||
| Q3 25 | $496.4M | $72.0M | ||
| Q2 25 | $371.6M | $75.0M | ||
| Q1 25 | $-68.7M | $95.0M | ||
| Q4 24 | $248.3M | $65.0M | ||
| Q3 24 | $318.1M | $84.0M | ||
| Q2 24 | $278.0M | $39.0M | ||
| Q1 24 | $192.6M | $91.0M |
自由现金流MCYTNET
| Q4 25 | $273.9M | $43.0M | ||
| Q3 25 | $479.5M | $55.0M | ||
| Q2 25 | $357.2M | $57.0M | ||
| Q1 25 | $-81.9M | $79.0M | ||
| Q4 24 | $236.0M | $47.0M | ||
| Q3 24 | $306.2M | $59.0M | ||
| Q2 24 | $266.5M | $22.0M | ||
| Q1 24 | $182.4M | $73.0M |
自由现金流率MCYTNET
| Q4 25 | 17.8% | 3.4% | ||
| Q3 25 | 30.3% | 4.5% | ||
| Q2 25 | 24.2% | 4.6% | ||
| Q1 25 | -5.9% | 6.1% | ||
| Q4 24 | 17.3% | 3.7% | ||
| Q3 24 | 20.0% | 4.8% | ||
| Q2 24 | 20.4% | 1.8% | ||
| Q1 24 | 14.3% | 5.8% |
资本支出强度MCYTNET
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 0.9% | 1.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 0.9% | 1.4% | ||
| Q1 24 | 0.8% | 1.4% |
现金转化率MCYTNET
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.77× | 2.12× | ||
| Q2 25 | 2.23× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | 1.38× | 1.87× | ||
| Q2 24 | 4.44× | 0.65× | ||
| Q1 24 | 2.62× | 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
MCY
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
