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MongoDB, Inc.（MDB）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MongoDB, Inc.的2.0倍（$1.2B vs $628.3M），MongoDB, Inc.同比增速更快（18.7% vs -2.2%），MongoDB, Inc.自由现金流更多（$141.8M vs $43.0M），过去两年MongoDB, Inc.的营收复合增速更高（17.1% vs -0.6%）
MongoDB Inc.是美国软件企业，核心业务为开发面向非结构化数据的数据库引擎MongoDB并提供相关商用技术支持。该产品脱胎于NoSQL数据库，后续新增ACID事务等能力，功能覆盖场景持续拓展，可充分满足全球企业级客户的多元需求。
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。
MDB vs TNET — 直观对比
营收规模更大
TNET
是对方的2.0倍
$628.3M
营收增速更快
MDB
高出20.9%
-2.2%
自由现金流更多
MDB
多$98.8M
$43.0M
两年增速更快
MDB
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.3M | $1.2B |
| 净利润 | $-2.0M | — |
| 毛利率 | 71.5% | — |
| 营业利润率 | -2.9% | 0.1% |
| 净利率 | -0.3% | — |
| 营收同比 | 18.7% | -2.2% |
| 净利润同比 | 79.5% | — |
| 每股收益（稀释后） | — | $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MDBTNET
| Q4 25 | $628.3M | $1.2B | ||
| Q3 25 | $591.4M | $1.2B | ||
| Q2 25 | $549.0M | $1.2B | ||
| Q1 25 | $548.4M | $1.3B | ||
| Q4 24 | $529.4M | $1.3B | ||
| Q3 24 | $478.1M | $1.2B | ||
| Q2 24 | $450.6M | $1.2B | ||
| Q1 24 | $458.0M | $1.3B |
净利润MDBTNET
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-47.0M | $34.0M | ||
| Q2 25 | $-37.6M | $37.0M | ||
| Q1 25 | $15.8M | $85.0M | ||
| Q4 24 | $-9.8M | — | ||
| Q3 24 | $-54.5M | $45.0M | ||
| Q2 24 | $-80.6M | $60.0M | ||
| Q1 24 | $-55.5M | $91.0M |
毛利率MDBTNET
| Q4 25 | 71.5% | — | ||
| Q3 25 | 71.0% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 72.8% | — | ||
| Q4 24 | 74.4% | — | ||
| Q3 24 | 73.2% | — | ||
| Q2 24 | 72.8% | — | ||
| Q1 24 | 75.0% | — |
营业利润率MDBTNET
| Q4 25 | -2.9% | 0.1% | ||
| Q3 25 | -11.0% | 4.1% | ||
| Q2 25 | -9.8% | 4.1% | ||
| Q1 25 | -3.4% | 8.9% | ||
| Q4 24 | -5.3% | -2.9% | ||
| Q3 24 | -14.9% | 4.7% | ||
| Q2 24 | -21.8% | 6.5% | ||
| Q1 24 | -15.5% | 9.7% |
净利率MDBTNET
| Q4 25 | -0.3% | — | ||
| Q3 25 | -8.0% | 2.8% | ||
| Q2 25 | -6.9% | 3.0% | ||
| Q1 25 | 2.9% | 6.6% | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -11.4% | 3.6% | ||
| Q2 24 | -17.9% | 4.9% | ||
| Q1 24 | -12.1% | 7.2% |
每股收益（稀释后）MDBTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | — | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | — | $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 | $834.1M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $54.0M |
| 总资产 | $3.6B | $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MDBTNET
| Q4 25 | $834.1M | $287.0M | ||
| Q3 25 | $647.1M | $321.0M | ||
| Q2 25 | $657.8M | $407.0M | ||
| Q1 25 | $490.1M | $349.0M | ||
| Q4 24 | $673.1M | $360.0M | ||
| Q3 24 | $1.3B | $301.0M | ||
| Q2 24 | $815.7M | $249.0M | ||
| Q1 24 | $803.0M | $383.0M |
股东权益MDBTNET
| Q4 25 | $2.9B | $54.0M | ||
| Q3 25 | $2.9B | $110.0M | ||
| Q2 25 | $3.0B | $107.0M | ||
| Q1 25 | $2.8B | $63.0M | ||
| Q4 24 | $1.5B | $69.0M | ||
| Q3 24 | $1.4B | $129.0M | ||
| Q2 24 | $1.3B | $100.0M | ||
| Q1 24 | $1.1B | $143.0M |
总资产MDBTNET
| Q4 25 | $3.6B | $3.8B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.6B | $3.7B | ||
| Q1 25 | $3.4B | $3.8B | ||
| Q4 24 | $3.2B | $4.1B | ||
| Q3 24 | $3.1B | $3.7B | ||
| Q2 24 | $3.0B | $3.7B | ||
| Q1 24 | $2.9B | $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 | $143.5M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $141.8M | $43.0M |
| 自由现金流率自由现金流/营收 | 22.6% | 3.4% |
| 资本支出强度资本支出/营收 | 0.3% | 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 | $346.3M | $234.0M |
8季度趋势，按日历期对齐
经营现金流MDBTNET
| Q4 25 | $143.5M | $61.0M | ||
| Q3 25 | $72.1M | $72.0M | ||
| Q2 25 | $109.9M | $75.0M | ||
| Q1 25 | $50.5M | $95.0M | ||
| Q4 24 | $37.4M | $65.0M | ||
| Q3 24 | $-1.4M | $84.0M | ||
| Q2 24 | $63.6M | $39.0M | ||
| Q1 24 | $54.6M | $91.0M |
自由现金流MDBTNET
| Q4 25 | $141.8M | $43.0M | ||
| Q3 25 | $71.6M | $55.0M | ||
| Q2 25 | $108.3M | $57.0M | ||
| Q1 25 | $24.6M | $79.0M | ||
| Q4 24 | $35.5M | $47.0M | ||
| Q3 24 | $-2.4M | $59.0M | ||
| Q2 24 | $63.1M | $22.0M | ||
| Q1 24 | $51.9M | $73.0M |
自由现金流率MDBTNET
| Q4 25 | 22.6% | 3.4% | ||
| Q3 25 | 12.1% | 4.5% | ||
| Q2 25 | 19.7% | 4.6% | ||
| Q1 25 | 4.5% | 6.1% | ||
| Q4 24 | 6.7% | 3.7% | ||
| Q3 24 | -0.5% | 4.8% | ||
| Q2 24 | 14.0% | 1.8% | ||
| Q1 24 | 11.3% | 5.8% |
资本支出强度MDBTNET
| Q4 25 | 0.3% | 1.4% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 0.3% | 1.5% | ||
| Q1 25 | 4.7% | 1.2% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | 0.1% | 1.4% | ||
| Q1 24 | 0.6% | 1.4% |
现金转化率MDBTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | 3.19× | 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
MDB
| Mongo DB Atlas Related | $470.4M | 75% |
| Other Subscription | $138.7M | 22% |
| Services | $19.2M | 3% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
