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NVR, Inc.（NVR）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
NVR, Inc.的季度营收约是TRINET GROUP, INC.的1.5倍（$1.8B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -21.9%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -16.2%）
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
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。
NVR vs TNET — 直观对比
营收规模更大
NVR
是对方的1.5倍
$1.2B
营收增速更快
TNET
高出19.7%
-21.9%
两年增速更快
TNET
近两年复合增速
-16.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $198.4M | — |
| 毛利率 | 180.4% | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 10.8% | — |
| 营收同比 | -21.9% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $67.76 | $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NVRTNET
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.7B | $1.2B | ||
| Q3 25 | $2.6B | $1.2B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.6B | $1.2B |
净利润NVRTNET
| Q1 26 | $198.4M | — | ||
| Q4 25 | $363.8M | — | ||
| Q3 25 | $342.7M | $34.0M | ||
| Q2 25 | $333.7M | $37.0M | ||
| Q1 25 | $299.6M | $85.0M | ||
| Q4 24 | $457.4M | — | ||
| Q3 24 | $429.3M | $45.0M | ||
| Q2 24 | $400.9M | $60.0M |
毛利率NVRTNET
| Q1 26 | 180.4% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率NVRTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 6.5% |
净利率NVRTNET
| Q1 26 | 10.8% | — | ||
| Q4 25 | 13.4% | — | ||
| Q3 25 | 13.1% | 2.8% | ||
| Q2 25 | 12.8% | 3.0% | ||
| Q1 25 | 12.5% | 6.6% | ||
| Q4 24 | 16.1% | — | ||
| Q3 24 | 15.7% | 3.6% | ||
| Q2 24 | 15.3% | 4.9% |
每股收益（稀释后）NVRTNET
| Q1 26 | $67.76 | — | ||
| Q4 25 | $120.85 | $0.02 | ||
| Q3 25 | $112.33 | $0.70 | ||
| Q2 25 | $108.54 | $0.77 | ||
| Q1 25 | $94.83 | $1.71 | ||
| Q4 24 | $139.09 | $-0.44 | ||
| Q3 24 | $130.50 | $0.89 | ||
| Q2 24 | $120.69 | $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 | $1.6B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $54.0M |
| 总资产 | $5.6B | $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NVRTNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | — | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M |
股东权益NVRTNET
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.9B | $54.0M | ||
| Q3 25 | $4.0B | $110.0M | ||
| Q2 25 | $3.8B | $107.0M | ||
| Q1 25 | $4.0B | $63.0M | ||
| Q4 24 | $4.2B | $69.0M | ||
| Q3 24 | $4.3B | $129.0M | ||
| Q2 24 | $4.1B | $100.0M |
总资产NVRTNET
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.9B | $3.8B | ||
| Q3 25 | $6.0B | $3.4B | ||
| Q2 25 | $5.9B | $3.7B | ||
| Q1 25 | $6.2B | $3.8B | ||
| Q4 24 | $6.4B | $4.1B | ||
| Q3 24 | $6.5B | $3.7B | ||
| Q2 24 | $6.4B | $3.7B |
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 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 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 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流NVRTNET
| Q1 26 | — | — | ||
| Q4 25 | $439.7M | $61.0M | ||
| Q3 25 | $438.7M | $72.0M | ||
| Q2 25 | $35.1M | $75.0M | ||
| Q1 25 | $207.8M | $95.0M | ||
| Q4 24 | $637.0M | $65.0M | ||
| Q3 24 | $358.3M | $84.0M | ||
| Q2 24 | $232.7M | $39.0M |
自由现金流NVRTNET
| Q1 26 | — | — | ||
| Q4 25 | $436.0M | $43.0M | ||
| Q3 25 | $433.3M | $55.0M | ||
| Q2 25 | $26.8M | $57.0M | ||
| Q1 25 | $200.7M | $79.0M | ||
| Q4 24 | $631.5M | $47.0M | ||
| Q3 24 | $350.1M | $59.0M | ||
| Q2 24 | $226.3M | $22.0M |
自由现金流率NVRTNET
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | 3.4% | ||
| Q3 25 | 16.6% | 4.5% | ||
| Q2 25 | 1.0% | 4.6% | ||
| Q1 25 | 8.4% | 6.1% | ||
| Q4 24 | 22.2% | 3.7% | ||
| Q3 24 | 12.8% | 4.8% | ||
| Q2 24 | 8.7% | 1.8% |
资本支出强度NVRTNET
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 1.4% | ||
| Q3 25 | 0.2% | 1.4% | ||
| Q2 25 | 0.3% | 1.5% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.3% | 2.0% | ||
| Q2 24 | 0.2% | 1.4% |
现金转化率NVRTNET
| Q1 26 | — | — | ||
| Q4 25 | 1.21× | — | ||
| Q3 25 | 1.28× | 2.12× | ||
| Q2 25 | 0.11× | 2.03× | ||
| Q1 25 | 0.69× | 1.12× | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 0.83× | 1.87× | ||
| Q2 24 | 0.58× | 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
NVR
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
