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怪兽饮料（MNST）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
怪兽饮料的季度营收约是TRINET GROUP, INC.的1.7倍（$2.1B vs $1.2B），怪兽饮料同比增速更快（17.6% vs -2.2%），怪兽饮料自由现金流更多（$351.2M vs $43.0M），过去两年怪兽饮料的营收复合增速更高（5.9% vs -0.6%）
怪兽饮料是美国知名饮品企业，旗下拥有魔爪、Relentless、Reign、Burn等多款畅销能量饮料产品。公司1935年创立于美国南加州，前身为Hansen's，最初主营果汁产品，2012年正式更为现名。
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。
MNST vs TNET — 直观对比
营收规模更大
MNST
是对方的1.7倍
$1.2B
营收增速更快
MNST
高出19.8%
-2.2%
自由现金流更多
MNST
多$308.2M
$43.0M
两年增速更快
MNST
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $449.2M | — |
| 毛利率 | 55.5% | — |
| 营业利润率 | 25.5% | 0.1% |
| 净利率 | 21.1% | — |
| 营收同比 | 17.6% | -2.2% |
| 净利润同比 | 65.9% | — |
| 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MNSTTNET
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.3B |
净利润MNSTTNET
| Q4 25 | $449.2M | — | ||
| Q3 25 | $524.5M | $34.0M | ||
| Q2 25 | $488.8M | $37.0M | ||
| Q1 25 | $443.0M | $85.0M | ||
| Q4 24 | $270.7M | — | ||
| Q3 24 | $370.9M | $45.0M | ||
| Q2 24 | $425.4M | $60.0M | ||
| Q1 24 | $442.0M | $91.0M |
毛利率MNSTTNET
| Q4 25 | 55.5% | — | ||
| Q3 25 | 55.7% | — | ||
| Q2 25 | 55.7% | — | ||
| Q1 25 | 56.5% | — | ||
| Q4 24 | 55.3% | — | ||
| Q3 24 | 53.2% | — | ||
| Q2 24 | 53.6% | — | ||
| Q1 24 | 54.1% | — |
营业利润率MNSTTNET
| Q4 25 | 25.5% | 0.1% | ||
| Q3 25 | 30.7% | 4.1% | ||
| Q2 25 | 29.9% | 4.1% | ||
| Q1 25 | 30.7% | 8.9% | ||
| Q4 24 | 21.0% | -2.9% | ||
| Q3 24 | 25.5% | 4.7% | ||
| Q2 24 | 27.7% | 6.5% | ||
| Q1 24 | 28.5% | 9.7% |
净利率MNSTTNET
| Q4 25 | 21.1% | — | ||
| Q3 25 | 23.9% | 2.8% | ||
| Q2 25 | 23.1% | 3.0% | ||
| Q1 25 | 23.9% | 6.6% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 19.7% | 3.6% | ||
| Q2 24 | 22.4% | 4.9% | ||
| Q1 24 | 23.3% | 7.2% |
每股收益（稀释后）MNSTTNET
| 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 | $2.8B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.3B | $54.0M |
| 总资产 | $10.0B | $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MNSTTNET
| Q4 25 | $2.8B | $287.0M | ||
| Q3 25 | $2.6B | $321.0M | ||
| Q2 25 | $2.1B | $407.0M | ||
| Q1 25 | $1.9B | $349.0M | ||
| Q4 24 | $1.5B | $360.0M | ||
| Q3 24 | $1.6B | $301.0M | ||
| Q2 24 | $1.6B | $249.0M | ||
| Q1 24 | $3.6B | $383.0M |
总债务MNSTTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $199.1M | — | ||
| Q4 24 | $374.0M | — | ||
| Q3 24 | $748.8M | — | ||
| Q2 24 | $748.7M | — | ||
| Q1 24 | — | — |
股东权益MNSTTNET
| Q4 25 | $8.3B | $54.0M | ||
| Q3 25 | $7.7B | $110.0M | ||
| Q2 25 | $7.2B | $107.0M | ||
| Q1 25 | $6.5B | $63.0M | ||
| Q4 24 | $6.0B | $69.0M | ||
| Q3 24 | $5.8B | $129.0M | ||
| Q2 24 | $5.9B | $100.0M | ||
| Q1 24 | $8.6B | $143.0M |
总资产MNSTTNET
| Q4 25 | $10.0B | $3.8B | ||
| Q3 25 | $9.6B | $3.4B | ||
| Q2 25 | $8.7B | $3.7B | ||
| Q1 25 | $8.2B | $3.8B | ||
| Q4 24 | $7.7B | $4.1B | ||
| Q3 24 | $8.1B | $3.7B | ||
| Q2 24 | $8.1B | $3.7B | ||
| Q1 24 | $10.1B | $4.0B |
负债/权益比MNSTTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.13× | — | ||
| 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 | $379.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $351.2M | $43.0M |
| 自由现金流率自由现金流/营收 | 16.5% | 3.4% |
| 资本支出强度资本支出/营收 | 1.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.84× | — |
| 过去12个月自由现金流最近4个季度 | $2.0B | $234.0M |
8季度趋势，按日历期对齐
经营现金流MNSTTNET
| Q4 25 | $379.4M | $61.0M | ||
| Q3 25 | $745.1M | $72.0M | ||
| Q2 25 | $466.0M | $75.0M | ||
| Q1 25 | $507.6M | $95.0M | ||
| Q4 24 | $461.7M | $65.0M | ||
| Q3 24 | $618.4M | $84.0M | ||
| Q2 24 | $436.3M | $39.0M | ||
| Q1 24 | $412.1M | $91.0M |
自由现金流MNSTTNET
| Q4 25 | $351.2M | $43.0M | ||
| Q3 25 | $701.5M | $55.0M | ||
| Q2 25 | $434.6M | $57.0M | ||
| Q1 25 | $478.5M | $79.0M | ||
| Q4 24 | $370.4M | $47.0M | ||
| Q3 24 | $571.4M | $59.0M | ||
| Q2 24 | $376.5M | $22.0M | ||
| Q1 24 | $346.1M | $73.0M |
自由现金流率MNSTTNET
| Q4 25 | 16.5% | 3.4% | ||
| Q3 25 | 31.9% | 4.5% | ||
| Q2 25 | 20.6% | 4.6% | ||
| Q1 25 | 25.8% | 6.1% | ||
| Q4 24 | 20.4% | 3.7% | ||
| Q3 24 | 30.4% | 4.8% | ||
| Q2 24 | 19.8% | 1.8% | ||
| Q1 24 | 18.2% | 5.8% |
资本支出强度MNSTTNET
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 2.0% | 1.4% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 1.6% | 1.2% | ||
| Q4 24 | 5.0% | 1.4% | ||
| Q3 24 | 2.5% | 2.0% | ||
| Q2 24 | 3.1% | 1.4% | ||
| Q1 24 | 3.5% | 1.4% |
现金转化率MNSTTNET
| Q4 25 | 0.84× | — | ||
| Q3 25 | 1.42× | 2.12× | ||
| Q2 25 | 0.95× | 2.03× | ||
| Q1 25 | 1.15× | 1.12× | ||
| Q4 24 | 1.71× | — | ||
| Q3 24 | 1.67× | 1.87× | ||
| Q2 24 | 1.03× | 0.65× | ||
| Q1 24 | 0.93× | 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
MNST
| Monster Energy Drinks Segment | $1.2B | 57% |
| Sales Revenue Product Line | $905.5M | 42% |
| Strategic Brands Segment | $50.3M | 2% |
| Alcohol Brands Segment | $29.0M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
