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Nutanix, Inc.（NTNX）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Nutanix, Inc.的1.9倍（$1.2B vs $670.6M），Nutanix, Inc.同比增速更快（13.5% vs -2.2%），Nutanix, Inc.自由现金流更多（$174.5M vs $43.0M），过去两年Nutanix, Inc.的营收复合增速更高（8.9% vs -0.6%）
Nutanix是美国云计算企业，专注于提供数据中心、混合多云部署相关的软件产品，覆盖虚拟化、Kubernetes容器、数据库即服务、软件定义网络、安全以及文件、对象、块级软件定义存储等领域，助力企业高效搭建与运维云基础设施。
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。
NTNX vs TNET — 直观对比
营收规模更大
TNET
是对方的1.9倍
$670.6M
营收增速更快
NTNX
高出15.7%
-2.2%
自由现金流更多
NTNX
多$131.5M
$43.0M
两年增速更快
NTNX
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $670.6M | $1.2B |
| 净利润 | $62.1M | — |
| 毛利率 | 87.0% | — |
| 营业利润率 | 7.4% | 0.1% |
| 净利率 | 9.3% | — |
| 营收同比 | 13.5% | -2.2% |
| 净利润同比 | 107.5% | — |
| 每股收益（稀释后） | $0.21 | $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NTNXTNET
| Q4 25 | $670.6M | $1.2B | ||
| Q3 25 | $653.3M | $1.2B | ||
| Q2 25 | $639.0M | $1.2B | ||
| Q1 25 | $654.7M | $1.3B | ||
| Q4 24 | $591.0M | $1.3B | ||
| Q3 24 | $548.0M | $1.2B | ||
| Q2 24 | $524.6M | $1.2B | ||
| Q1 24 | $565.2M | $1.3B |
净利润NTNXTNET
| Q4 25 | $62.1M | — | ||
| Q3 25 | $38.6M | $34.0M | ||
| Q2 25 | $63.4M | $37.0M | ||
| Q1 25 | $56.4M | $85.0M | ||
| Q4 24 | $29.9M | — | ||
| Q3 24 | $-126.1M | $45.0M | ||
| Q2 24 | $-15.6M | $60.0M | ||
| Q1 24 | $32.8M | $91.0M |
毛利率NTNXTNET
| Q4 25 | 87.0% | — | ||
| Q3 25 | 87.2% | — | ||
| Q2 25 | 87.0% | — | ||
| Q1 25 | 87.0% | — | ||
| Q4 24 | 86.0% | — | ||
| Q3 24 | 85.2% | — | ||
| Q2 24 | 84.8% | — | ||
| Q1 24 | 85.6% | — |
营业利润率NTNXTNET
| Q4 25 | 7.4% | 0.1% | ||
| Q3 25 | 4.8% | 4.1% | ||
| Q2 25 | 7.6% | 4.1% | ||
| Q1 25 | 10.0% | 8.9% | ||
| Q4 24 | 4.6% | -2.9% | ||
| Q3 24 | -2.2% | 4.7% | ||
| Q2 24 | -2.2% | 6.5% | ||
| Q1 24 | 6.6% | 9.7% |
净利率NTNXTNET
| Q4 25 | 9.3% | — | ||
| Q3 25 | 5.9% | 2.8% | ||
| Q2 25 | 9.9% | 3.0% | ||
| Q1 25 | 8.6% | 6.6% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | -23.0% | 3.6% | ||
| Q2 24 | -3.0% | 4.9% | ||
| Q1 24 | 5.8% | 7.2% |
每股收益（稀释后）NTNXTNET
| Q4 25 | $0.21 | $0.02 | ||
| Q3 25 | $0.14 | $0.70 | ||
| Q2 25 | $0.22 | $0.77 | ||
| Q1 25 | $0.19 | $1.71 | ||
| Q4 24 | $0.10 | $-0.44 | ||
| Q3 24 | $-0.50 | $0.89 | ||
| Q2 24 | $-0.06 | $1.20 | ||
| Q1 24 | $0.12 | $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 | $780.4M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-668.6M | $54.0M |
| 总资产 | $3.3B | $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NTNXTNET
| Q4 25 | $780.4M | $287.0M | ||
| Q3 25 | $769.5M | $321.0M | ||
| Q2 25 | $872.6M | $407.0M | ||
| Q1 25 | $1.1B | $349.0M | ||
| Q4 24 | $716.6M | $360.0M | ||
| Q3 24 | $655.3M | $301.0M | ||
| Q2 24 | $598.0M | $249.0M | ||
| Q1 24 | $679.2M | $383.0M |
股东权益NTNXTNET
| Q4 25 | $-668.6M | $54.0M | ||
| Q3 25 | $-694.5M | $110.0M | ||
| Q2 25 | $-711.4M | $107.0M | ||
| Q1 25 | $-807.7M | $63.0M | ||
| Q4 24 | $-685.3M | $69.0M | ||
| Q3 24 | $-728.1M | $129.0M | ||
| Q2 24 | $-619.5M | $100.0M | ||
| Q1 24 | $-611.7M | $143.0M |
总资产NTNXTNET
| Q4 25 | $3.3B | $3.8B | ||
| Q3 25 | $3.3B | $3.4B | ||
| Q2 25 | $3.1B | $3.7B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $2.2B | $4.1B | ||
| Q3 24 | $2.1B | $3.7B | ||
| Q2 24 | $2.8B | $3.7B | ||
| Q1 24 | $2.7B | $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 | $196.8M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $174.5M | $43.0M |
| 自由现金流率自由现金流/营收 | 26.0% | 3.4% |
| 资本支出强度资本支出/营收 | 3.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 3.17× | — |
| 过去12个月自由现金流最近4个季度 | $772.8M | $234.0M |
8季度趋势，按日历期对齐
经营现金流NTNXTNET
| Q4 25 | $196.8M | $61.0M | ||
| Q3 25 | $219.5M | $72.0M | ||
| Q2 25 | $218.5M | $75.0M | ||
| Q1 25 | $221.7M | $95.0M | ||
| Q4 24 | $161.8M | $65.0M | ||
| Q3 24 | $244.7M | $84.0M | ||
| Q2 24 | $96.4M | $39.0M | ||
| Q1 24 | $186.4M | $91.0M |
自由现金流NTNXTNET
| Q4 25 | $174.5M | $43.0M | ||
| Q3 25 | $207.8M | $55.0M | ||
| Q2 25 | $203.4M | $57.0M | ||
| Q1 25 | $187.1M | $79.0M | ||
| Q4 24 | $151.9M | $47.0M | ||
| Q3 24 | $224.3M | $59.0M | ||
| Q2 24 | $78.3M | $22.0M | ||
| Q1 24 | $162.6M | $73.0M |
自由现金流率NTNXTNET
| Q4 25 | 26.0% | 3.4% | ||
| Q3 25 | 31.8% | 4.5% | ||
| Q2 25 | 31.8% | 4.6% | ||
| Q1 25 | 28.6% | 6.1% | ||
| Q4 24 | 25.7% | 3.7% | ||
| Q3 24 | 40.9% | 4.8% | ||
| Q2 24 | 14.9% | 1.8% | ||
| Q1 24 | 28.8% | 5.8% |
资本支出强度NTNXTNET
| Q4 25 | 3.3% | 1.4% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 5.3% | 1.2% | ||
| Q4 24 | 1.7% | 1.4% | ||
| Q3 24 | 3.7% | 2.0% | ||
| Q2 24 | 3.4% | 1.4% | ||
| Q1 24 | 4.2% | 1.4% |
现金转化率NTNXTNET
| Q4 25 | 3.17× | — | ||
| Q3 25 | 5.68× | 2.12× | ||
| Q2 25 | 3.45× | 2.03× | ||
| Q1 25 | 3.93× | 1.12× | ||
| Q4 24 | 5.41× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 5.68× | 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
NTNX
| Services | $335.5M | 50% |
| Subscriptionand Circulation Software Entitlementand Support Subscription | $320.8M | 48% |
| Other | $14.3M | 2% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
