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梅特勒-托利多（MTD）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.的季度营收约是梅特勒-托利多的1.1倍（$1.2B vs $1.1B），梅特勒-托利多同比增速更快（8.1% vs -2.2%），梅特勒-托利多自由现金流更多（$184.1M vs $43.0M），过去两年梅特勒-托利多的营收复合增速更高（10.5% vs -0.6%）
梅特勒-托利多是全球知名的精密仪器及服务跨国供应商，业务覆盖实验室、工业生产、产品检测、食品零售等应用场景，旗下产品广泛应用于生命科学、食品、化工等众多行业的科研、质量管控及生产制造环节。
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。
MTD vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.1B
营收增速更快
MTD
高出10.3%
-2.2%
自由现金流更多
MTD
多$141.1M
$43.0M
两年增速更快
MTD
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $285.8M | — |
| 毛利率 | 59.8% | — |
| 营业利润率 | 29.1% | 0.1% |
| 净利率 | 25.3% | — |
| 营收同比 | 8.1% | -2.2% |
| 净利润同比 | 13.3% | — |
| 每股收益（稀释后） | $13.91 | $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MTDTNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $983.2M | $1.2B | ||
| Q1 25 | $883.7M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $954.5M | $1.2B | ||
| Q2 24 | $946.8M | $1.2B | ||
| Q1 24 | $925.9M | $1.3B |
净利润MTDTNET
| Q4 25 | $285.8M | — | ||
| Q3 25 | $217.5M | $34.0M | ||
| Q2 25 | $202.3M | $37.0M | ||
| Q1 25 | $163.6M | $85.0M | ||
| Q4 24 | $252.3M | — | ||
| Q3 24 | $211.5M | $45.0M | ||
| Q2 24 | $221.8M | $60.0M | ||
| Q1 24 | $177.5M | $91.0M |
毛利率MTDTNET
| Q4 25 | 59.8% | — | ||
| Q3 25 | 59.2% | — | ||
| Q2 25 | 59.0% | — | ||
| Q1 25 | 59.5% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 60.0% | — | ||
| Q2 24 | 59.7% | — | ||
| Q1 24 | 59.2% | — |
营业利润率MTDTNET
| Q4 25 | 29.1% | 0.1% | ||
| Q3 25 | 26.1% | 4.1% | ||
| Q2 25 | 25.3% | 4.1% | ||
| Q1 25 | 22.9% | 8.9% | ||
| Q4 24 | 30.1% | -2.9% | ||
| Q3 24 | 27.1% | 4.7% | ||
| Q2 24 | 25.7% | 6.5% | ||
| Q1 24 | 23.8% | 9.7% |
净利率MTDTNET
| Q4 25 | 25.3% | — | ||
| Q3 25 | 21.1% | 2.8% | ||
| Q2 25 | 20.6% | 3.0% | ||
| Q1 25 | 18.5% | 6.6% | ||
| Q4 24 | 24.1% | — | ||
| Q3 24 | 22.2% | 3.6% | ||
| Q2 24 | 23.4% | 4.9% | ||
| Q1 24 | 19.2% | 7.2% |
每股收益（稀释后）MTDTNET
| Q4 25 | $13.91 | $0.02 | ||
| Q3 25 | $10.57 | $0.70 | ||
| Q2 25 | $9.76 | $0.77 | ||
| Q1 25 | $7.81 | $1.71 | ||
| Q4 24 | $11.91 | $-0.44 | ||
| Q3 24 | $9.96 | $0.89 | ||
| Q2 24 | $10.37 | $1.20 | ||
| Q1 24 | $8.24 | $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 | — | $287.0M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $-23.6M | $54.0M |
| 总资产 | $3.7B | $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MTDTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $69.1M | $321.0M | ||
| Q2 25 | $61.8M | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | $59.4M | $360.0M | ||
| Q3 24 | $71.6M | $301.0M | ||
| Q2 24 | $70.8M | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务MTDTNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | — | — |
股东权益MTDTNET
| Q4 25 | $-23.6M | $54.0M | ||
| Q3 25 | $-249.2M | $110.0M | ||
| Q2 25 | $-258.8M | $107.0M | ||
| Q1 25 | $-182.0M | $63.0M | ||
| Q4 24 | $-126.9M | $69.0M | ||
| Q3 24 | $-154.4M | $129.0M | ||
| Q2 24 | $-152.8M | $100.0M | ||
| Q1 24 | $-158.7M | $143.0M |
总资产MTDTNET
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.2B | $3.8B | ||
| Q4 24 | $3.2B | $4.1B | ||
| Q3 24 | $3.3B | $3.7B | ||
| Q2 24 | $3.2B | $3.7B | ||
| Q1 24 | $3.3B | $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 | $225.6M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $184.1M | $43.0M |
| 自由现金流率自由现金流/营收 | 16.3% | 3.4% |
| 资本支出强度资本支出/营收 | 3.7% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.79× | — |
| 过去12个月自由现金流最近4个季度 | $848.6M | $234.0M |
8季度趋势，按日历期对齐
经营现金流MTDTNET
| Q4 25 | $225.6M | $61.0M | ||
| Q3 25 | $299.4M | $72.0M | ||
| Q2 25 | $236.4M | $75.0M | ||
| Q1 25 | $194.4M | $95.0M | ||
| Q4 24 | $266.2M | $65.0M | ||
| Q3 24 | $254.7M | $84.0M | ||
| Q2 24 | $257.5M | $39.0M | ||
| Q1 24 | $190.0M | $91.0M |
自由现金流MTDTNET
| Q4 25 | $184.1M | $43.0M | ||
| Q3 25 | $274.9M | $55.0M | ||
| Q2 25 | $212.5M | $57.0M | ||
| Q1 25 | $177.2M | $79.0M | ||
| Q4 24 | $224.9M | $47.0M | ||
| Q3 24 | $233.2M | $59.0M | ||
| Q2 24 | $233.7M | $22.0M | ||
| Q1 24 | $172.6M | $73.0M |
自由现金流率MTDTNET
| Q4 25 | 16.3% | 3.4% | ||
| Q3 25 | 26.7% | 4.5% | ||
| Q2 25 | 21.6% | 4.6% | ||
| Q1 25 | 20.1% | 6.1% | ||
| Q4 24 | 21.5% | 3.7% | ||
| Q3 24 | 24.4% | 4.8% | ||
| Q2 24 | 24.7% | 1.8% | ||
| Q1 24 | 18.6% | 5.8% |
资本支出强度MTDTNET
| Q4 25 | 3.7% | 1.4% | ||
| Q3 25 | 2.4% | 1.4% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 3.9% | 1.4% | ||
| Q3 24 | 2.2% | 2.0% | ||
| Q2 24 | 2.5% | 1.4% | ||
| Q1 24 | 1.9% | 1.4% |
现金转化率MTDTNET
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.38× | 2.12× | ||
| Q2 25 | 1.17× | 2.03× | ||
| Q1 25 | 1.19× | 1.12× | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.20× | 1.87× | ||
| Q2 24 | 1.16× | 0.65× | ||
| Q1 24 | 1.07× | 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
MTD
| Products | $857.0M | 76% |
| Services | $272.8M | 24% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
