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NEWMARK GROUP, INC.（NMRK）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NEWMARK GROUP, INC.的1.5倍（$1.2B vs $846.5M），NEWMARK GROUP, INC.同比增速更快（27.2% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-257.8M），过去两年NEWMARK GROUP, INC.的营收复合增速更高（26.7% vs -0.6%）
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
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。
NMRK vs TNET — 直观对比
营收规模更大
TNET
是对方的1.5倍
$846.5M
营收增速更快
NMRK
高出29.4%
-2.2%
自由现金流更多
TNET
多$300.8M
$-257.8M
两年增速更快
NMRK
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $846.5M | $1.2B |
| 净利润 | $2.2M | — |
| 毛利率 | — | — |
| 营业利润率 | 3.1% | 0.1% |
| 净利率 | 0.3% | — |
| 营收同比 | 27.2% | -2.2% |
| 净利润同比 | 130.6% | — |
| 每股收益（稀释后） | $0.08 | $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NMRKTNET
| Q1 26 | $846.5M | — | ||
| Q4 25 | $859.5M | $1.2B | ||
| Q3 25 | $715.0M | $1.2B | ||
| Q2 25 | $639.6M | $1.2B | ||
| Q1 25 | $556.2M | $1.3B | ||
| Q4 24 | $727.5M | $1.3B | ||
| Q3 24 | $568.0M | $1.2B | ||
| Q2 24 | $527.3M | $1.2B |
净利润NMRKTNET
| Q1 26 | $2.2M | — | ||
| Q4 25 | $68.0M | — | ||
| Q3 25 | $46.2M | $34.0M | ||
| Q2 25 | $20.8M | $37.0M | ||
| Q1 25 | $-8.8M | $85.0M | ||
| Q4 24 | $45.4M | — | ||
| Q3 24 | $17.8M | $45.0M | ||
| Q2 24 | $14.3M | $60.0M |
营业利润率NMRKTNET
| Q1 26 | 3.1% | — | ||
| Q4 25 | 14.4% | 0.1% | ||
| Q3 25 | 11.9% | 4.1% | ||
| Q2 25 | 6.7% | 4.1% | ||
| Q1 25 | -3.1% | 8.9% | ||
| Q4 24 | 14.3% | -2.9% | ||
| Q3 24 | 7.2% | 4.7% | ||
| Q2 24 | 7.7% | 6.5% |
净利率NMRKTNET
| Q1 26 | 0.3% | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 6.5% | 2.8% | ||
| Q2 25 | 3.3% | 3.0% | ||
| Q1 25 | -1.6% | 6.6% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 3.1% | 3.6% | ||
| Q2 24 | 2.7% | 4.9% |
每股收益（稀释后）NMRKTNET
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.37 | $0.02 | ||
| Q3 25 | $0.25 | $0.70 | ||
| Q2 25 | $0.11 | $0.77 | ||
| Q1 25 | $-0.05 | $1.71 | ||
| Q4 24 | $0.25 | $-0.44 | ||
| Q3 24 | $0.10 | $0.89 | ||
| Q2 24 | $0.08 | $1.20 |
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 | $212.1M | $287.0M |
| 总债务越低越好 | $832.0M | — |
| 股东权益账面价值 | — | $54.0M |
| 总资产 | $5.3B | $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NMRKTNET
| Q1 26 | $212.1M | — | ||
| Q4 25 | $229.1M | $287.0M | ||
| Q3 25 | $224.1M | $321.0M | ||
| Q2 25 | $195.8M | $407.0M | ||
| Q1 25 | $157.1M | $349.0M | ||
| Q4 24 | $197.7M | $360.0M | ||
| Q3 24 | $178.6M | $301.0M | ||
| Q2 24 | $176.4M | $249.0M |
总债务NMRKTNET
| Q1 26 | $832.0M | — | ||
| Q4 25 | $671.7M | — | ||
| Q3 25 | $746.5M | — | ||
| Q2 25 | $871.2M | — | ||
| Q1 25 | $770.9M | — | ||
| Q4 24 | $670.7M | — | ||
| Q3 24 | $770.4M | — | ||
| Q2 24 | $745.2M | — |
股东权益NMRKTNET
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $54.0M | ||
| Q3 25 | $1.4B | $110.0M | ||
| Q2 25 | $1.3B | $107.0M | ||
| Q1 25 | $1.3B | $63.0M | ||
| Q4 24 | $1.2B | $69.0M | ||
| Q3 24 | $1.2B | $129.0M | ||
| Q2 24 | $1.2B | $100.0M |
总资产NMRKTNET
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.0B | $3.8B | ||
| Q3 25 | $5.5B | $3.4B | ||
| Q2 25 | $5.4B | $3.7B | ||
| Q1 25 | $4.8B | $3.8B | ||
| Q4 24 | $4.7B | $4.1B | ||
| Q3 24 | $5.0B | $3.7B | ||
| Q2 24 | $4.8B | $3.7B |
负债/权益比NMRKTNET
| Q1 26 | — | — | ||
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.62× | — |
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 | — | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-257.8M | $43.0M |
| 自由现金流率自由现金流/营收 | -30.5% | 3.4% |
| 资本支出强度资本支出/营收 | — | 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 | $69.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流NMRKTNET
| Q1 26 | — | — | ||
| Q4 25 | $618.5M | $61.0M | ||
| Q3 25 | $112.6M | $72.0M | ||
| Q2 25 | $-379.7M | $75.0M | ||
| Q1 25 | $-179.4M | $95.0M | ||
| Q4 24 | $402.6M | $65.0M | ||
| Q3 24 | $-85.2M | $84.0M | ||
| Q2 24 | $-258.5M | $39.0M |
自由现金流NMRKTNET
| Q1 26 | $-257.8M | — | ||
| Q4 25 | $608.8M | $43.0M | ||
| Q3 25 | $104.9M | $55.0M | ||
| Q2 25 | $-386.2M | $57.0M | ||
| Q1 25 | $-184.8M | $79.0M | ||
| Q4 24 | $396.6M | $47.0M | ||
| Q3 24 | $-94.4M | $59.0M | ||
| Q2 24 | $-267.8M | $22.0M |
自由现金流率NMRKTNET
| Q1 26 | -30.5% | — | ||
| Q4 25 | 70.8% | 3.4% | ||
| Q3 25 | 14.7% | 4.5% | ||
| Q2 25 | -60.4% | 4.6% | ||
| Q1 25 | -33.2% | 6.1% | ||
| Q4 24 | 54.5% | 3.7% | ||
| Q3 24 | -16.6% | 4.8% | ||
| Q2 24 | -50.8% | 1.8% |
资本支出强度NMRKTNET
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 1.1% | 1.4% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 1.0% | 1.2% | ||
| Q4 24 | 0.8% | 1.4% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 1.8% | 1.4% |
现金转化率NMRKTNET
| Q1 26 | — | — | ||
| Q4 25 | 9.10× | — | ||
| Q3 25 | 2.44× | 2.12× | ||
| Q2 25 | -18.24× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 8.86× | — | ||
| Q3 24 | -4.79× | 1.87× | ||
| Q2 24 | -18.10× | 0.65× |
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
NMRK
| Management Services, Servicing Fees and Other | $344.0M | 41% |
| Capital Markets | $252.5M | 30% |
| Leasing and Other Commissions | $250.0M | 30% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
