vs
Monolithic Power Systems（MPWR）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Monolithic Power Systems的1.7倍（$1.2B vs $751.2M），Monolithic Power Systems同比增速更快（20.8% vs -2.2%），Monolithic Power Systems自由现金流更多（$63.9M vs $43.0M），过去两年Monolithic Power Systems的营收复合增速更高（28.1% vs -0.6%）
Monolithic Power Systems（简称MPS）是一家美国上市企业，总部位于华盛顿州柯克兰市，主营高性能电源管理类产品的研发、生产与销售，目前在全球范围内设有超过15个运营站点，业务覆盖多个国家和地区。
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。
MPWR vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$751.2M
营收增速更快
MPWR
高出23.0%
-2.2%
自由现金流更多
MPWR
多$20.9M
$43.0M
两年增速更快
MPWR
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $751.2M | $1.2B |
| 净利润 | $171.7M | — |
| 毛利率 | 55.2% | — |
| 营业利润率 | 26.6% | 0.1% |
| 净利率 | 22.9% | — |
| 营收同比 | 20.8% | -2.2% |
| 净利润同比 | -86.3% | — |
| 每股收益（稀释后） | $3.50 | $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MPWRTNET
| Q4 25 | $751.2M | $1.2B | ||
| Q3 25 | $737.2M | $1.2B | ||
| Q2 25 | $664.6M | $1.2B | ||
| Q1 25 | $637.6M | $1.3B | ||
| Q4 24 | $621.7M | $1.3B | ||
| Q3 24 | $620.1M | $1.2B | ||
| Q2 24 | $507.4M | $1.2B | ||
| Q1 24 | $457.9M | $1.3B |
净利润MPWRTNET
| Q4 25 | $171.7M | — | ||
| Q3 25 | $179.8M | $34.0M | ||
| Q2 25 | $135.0M | $37.0M | ||
| Q1 25 | $135.1M | $85.0M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $144.4M | $45.0M | ||
| Q2 24 | $100.4M | $60.0M | ||
| Q1 24 | $92.5M | $91.0M |
毛利率MPWRTNET
| Q4 25 | 55.2% | — | ||
| Q3 25 | 55.1% | — | ||
| Q2 25 | 55.1% | — | ||
| Q1 25 | 55.4% | — | ||
| Q4 24 | 55.4% | — | ||
| Q3 24 | 55.4% | — | ||
| Q2 24 | 55.3% | — | ||
| Q1 24 | 55.1% | — |
营业利润率MPWRTNET
| Q4 25 | 26.6% | 0.1% | ||
| Q3 25 | 26.5% | 4.1% | ||
| Q2 25 | 24.8% | 4.1% | ||
| Q1 25 | 26.5% | 8.9% | ||
| Q4 24 | 26.3% | -2.9% | ||
| Q3 24 | 26.5% | 4.7% | ||
| Q2 24 | 23.0% | 6.5% | ||
| Q1 24 | 20.9% | 9.7% |
净利率MPWRTNET
| Q4 25 | 22.9% | — | ||
| Q3 25 | 24.4% | 2.8% | ||
| Q2 25 | 20.3% | 3.0% | ||
| Q1 25 | 21.2% | 6.6% | ||
| Q4 24 | 201.8% | — | ||
| Q3 24 | 23.3% | 3.6% | ||
| Q2 24 | 19.8% | 4.9% | ||
| Q1 24 | 20.2% | 7.2% |
每股收益（稀释后）MPWRTNET
| Q4 25 | $3.50 | $0.02 | ||
| Q3 25 | $3.74 | $0.70 | ||
| Q2 25 | $2.81 | $0.77 | ||
| Q1 25 | $2.81 | $1.71 | ||
| Q4 24 | $25.71 | $-0.44 | ||
| Q3 24 | $2.95 | $0.89 | ||
| Q2 24 | $2.05 | $1.20 | ||
| Q1 24 | $1.89 | $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 | $1.3B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $54.0M |
| 总资产 | $4.2B | $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MPWRTNET
| Q4 25 | $1.3B | $287.0M | ||
| Q3 25 | $1.3B | $321.0M | ||
| Q2 25 | $1.1B | $407.0M | ||
| Q1 25 | $1.0B | $349.0M | ||
| Q4 24 | $862.9M | $360.0M | ||
| Q3 24 | $1.5B | $301.0M | ||
| Q2 24 | $1.3B | $249.0M | ||
| Q1 24 | $1.3B | $383.0M |
股东权益MPWRTNET
| Q4 25 | $3.5B | $54.0M | ||
| Q3 25 | $3.4B | $110.0M | ||
| Q2 25 | $3.2B | $107.0M | ||
| Q1 25 | $3.1B | $63.0M | ||
| Q4 24 | $3.0B | $69.0M | ||
| Q3 24 | $2.4B | $129.0M | ||
| Q2 24 | $2.2B | $100.0M | ||
| Q1 24 | $2.1B | $143.0M |
总资产MPWRTNET
| Q4 25 | $4.2B | $3.8B | ||
| Q3 25 | $4.1B | $3.4B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | $3.7B | $3.8B | ||
| Q4 24 | $3.5B | $4.1B | ||
| Q3 24 | $2.9B | $3.7B | ||
| Q2 24 | $2.6B | $3.7B | ||
| Q1 24 | $2.6B | $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 | $104.9M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $63.9M | $43.0M |
| 自由现金流率自由现金流/营收 | 8.5% | 3.4% |
| 资本支出强度资本支出/营收 | 5.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.61× | — |
| 过去12个月自由现金流最近4个季度 | $666.2M | $234.0M |
8季度趋势，按日历期对齐
经营现金流MPWRTNET
| Q4 25 | $104.9M | $61.0M | ||
| Q3 25 | $239.3M | $72.0M | ||
| Q2 25 | $237.6M | $75.0M | ||
| Q1 25 | $256.4M | $95.0M | ||
| Q4 24 | $167.7M | $65.0M | ||
| Q3 24 | $231.7M | $84.0M | ||
| Q2 24 | $141.0M | $39.0M | ||
| Q1 24 | $248.1M | $91.0M |
自由现金流MPWRTNET
| Q4 25 | $63.9M | $43.0M | ||
| Q3 25 | $196.8M | $55.0M | ||
| Q2 25 | $189.5M | $57.0M | ||
| Q1 25 | $216.0M | $79.0M | ||
| Q4 24 | $102.9M | $47.0M | ||
| Q3 24 | $197.9M | $59.0M | ||
| Q2 24 | $109.5M | $22.0M | ||
| Q1 24 | $232.1M | $73.0M |
自由现金流率MPWRTNET
| Q4 25 | 8.5% | 3.4% | ||
| Q3 25 | 26.7% | 4.5% | ||
| Q2 25 | 28.5% | 4.6% | ||
| Q1 25 | 33.9% | 6.1% | ||
| Q4 24 | 16.5% | 3.7% | ||
| Q3 24 | 31.9% | 4.8% | ||
| Q2 24 | 21.6% | 1.8% | ||
| Q1 24 | 50.7% | 5.8% |
资本支出强度MPWRTNET
| Q4 25 | 5.5% | 1.4% | ||
| Q3 25 | 5.8% | 1.4% | ||
| Q2 25 | 7.2% | 1.5% | ||
| Q1 25 | 6.3% | 1.2% | ||
| Q4 24 | 10.4% | 1.4% | ||
| Q3 24 | 5.5% | 2.0% | ||
| Q2 24 | 6.2% | 1.4% | ||
| Q1 24 | 3.5% | 1.4% |
现金转化率MPWRTNET
| Q4 25 | 0.61× | — | ||
| Q3 25 | 1.33× | 2.12× | ||
| Q2 25 | 1.76× | 2.03× | ||
| Q1 25 | 1.90× | 1.12× | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 1.60× | 1.87× | ||
| Q2 24 | 1.40× | 0.65× | ||
| Q1 24 | 2.68× | 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
MPWR
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
