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Envista Holdings Corp（NVST）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Envista Holdings Corp的1.7倍（$1.2B vs $750.6M），Envista Holdings Corp同比增速更快（15.0% vs -2.2%），Envista Holdings Corp自由现金流更多（$91.7M vs $43.0M），过去两年Envista Holdings Corp的营收复合增速更高（9.7% vs -0.6%）
Envista Holdings Corp是一家总部位于美国的企业，旗下Envista Forensics业务板块面向保险、法律及风险管理行业，在全球范围内提供法务工程与事故复原解决方案。公司前身为LWG咨询有限公司，2017年正式更名为Envista Forensics。
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。
NVST vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$750.6M
营收增速更快
NVST
高出17.2%
-2.2%
自由现金流更多
NVST
多$48.7M
$43.0M
两年增速更快
NVST
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $750.6M | $1.2B |
| 净利润 | $32.9M | — |
| 毛利率 | 54.7% | — |
| 营业利润率 | 9.8% | 0.1% |
| 净利率 | 4.4% | — |
| 营收同比 | 15.0% | -2.2% |
| 净利润同比 | 2641.7% | — |
| 每股收益（稀释后） | $0.20 | $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NVSTTNET
| Q4 25 | $750.6M | $1.2B | ||
| Q3 25 | $669.9M | $1.2B | ||
| Q2 25 | $682.1M | $1.2B | ||
| Q1 25 | $616.9M | $1.3B | ||
| Q4 24 | $652.9M | $1.3B | ||
| Q3 24 | $601.0M | $1.2B | ||
| Q2 24 | $633.1M | $1.2B | ||
| Q1 24 | $623.6M | $1.3B |
净利润NVSTTNET
| Q4 25 | $32.9M | — | ||
| Q3 25 | $-30.3M | $34.0M | ||
| Q2 25 | $26.4M | $37.0M | ||
| Q1 25 | $18.0M | $85.0M | ||
| Q4 24 | $1.2M | — | ||
| Q3 24 | $8.2M | $45.0M | ||
| Q2 24 | $-1.2B | $60.0M | ||
| Q1 24 | $23.6M | $91.0M |
毛利率NVSTTNET
| Q4 25 | 54.7% | — | ||
| Q3 25 | 55.3% | — | ||
| Q2 25 | 54.2% | — | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 57.1% | — | ||
| Q3 24 | 52.8% | — | ||
| Q2 24 | 51.6% | — | ||
| Q1 24 | 57.1% | — |
营业利润率NVSTTNET
| Q4 25 | 9.8% | 0.1% | ||
| Q3 25 | 8.6% | 4.1% | ||
| Q2 25 | 6.8% | 4.1% | ||
| Q1 25 | 6.3% | 8.9% | ||
| Q4 24 | 7.1% | -2.9% | ||
| Q3 24 | 3.5% | 4.7% | ||
| Q2 24 | -182.2% | 6.5% | ||
| Q1 24 | 7.7% | 9.7% |
净利率NVSTTNET
| Q4 25 | 4.4% | — | ||
| Q3 25 | -4.5% | 2.8% | ||
| Q2 25 | 3.9% | 3.0% | ||
| Q1 25 | 2.9% | 6.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 1.4% | 3.6% | ||
| Q2 24 | -181.9% | 4.9% | ||
| Q1 24 | 3.8% | 7.2% |
每股收益（稀释后）NVSTTNET
| Q4 25 | $0.20 | $0.02 | ||
| Q3 25 | $-0.18 | $0.70 | ||
| Q2 25 | $0.16 | $0.77 | ||
| Q1 25 | $0.10 | $1.71 | ||
| Q4 24 | $0.00 | $-0.44 | ||
| Q3 24 | $0.05 | $0.89 | ||
| Q2 24 | $-6.69 | $1.20 | ||
| Q1 24 | $0.14 | $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 | $1.2B | $287.0M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $3.1B | $54.0M |
| 总资产 | $5.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资NVSTTNET
| Q4 25 | $1.2B | $287.0M | ||
| Q3 25 | $1.1B | $321.0M | ||
| Q2 25 | $1.1B | $407.0M | ||
| Q1 25 | $1.1B | $349.0M | ||
| Q4 24 | $1.1B | $360.0M | ||
| Q3 24 | $991.3M | $301.0M | ||
| Q2 24 | $1.0B | $249.0M | ||
| Q1 24 | $948.5M | $383.0M |
总债务NVSTTNET
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益NVSTTNET
| Q4 25 | $3.1B | $54.0M | ||
| Q3 25 | $3.1B | $110.0M | ||
| Q2 25 | $3.1B | $107.0M | ||
| Q1 25 | $3.0B | $63.0M | ||
| Q4 24 | $2.9B | $69.0M | ||
| Q3 24 | $3.1B | $129.0M | ||
| Q2 24 | $3.0B | $100.0M | ||
| Q1 24 | $4.1B | $143.0M |
总资产NVSTTNET
| Q4 25 | $5.7B | $3.8B | ||
| Q3 25 | $5.6B | $3.4B | ||
| Q2 25 | $5.7B | $3.7B | ||
| Q1 25 | $5.5B | $3.8B | ||
| Q4 24 | $5.4B | $4.1B | ||
| Q3 24 | $5.5B | $3.7B | ||
| Q2 24 | $5.4B | $3.7B | ||
| Q1 24 | $6.6B | $4.0B |
负债/权益比NVSTTNET
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.36× | — |
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 | $108.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $91.7M | $43.0M |
| 自由现金流率自由现金流/营收 | 12.2% | 3.4% |
| 资本支出强度资本支出/营收 | 2.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 3.28× | — |
| 过去12个月自由现金流最近4个季度 | $230.4M | $234.0M |
8季度趋势，按日历期对齐
经营现金流NVSTTNET
| Q4 25 | $108.0M | $61.0M | ||
| Q3 25 | $78.7M | $72.0M | ||
| Q2 25 | $88.7M | $75.0M | ||
| Q1 25 | $300.0K | $95.0M | ||
| Q4 24 | $132.4M | $65.0M | ||
| Q3 24 | $70.7M | $84.0M | ||
| Q2 24 | $93.1M | $39.0M | ||
| Q1 24 | $40.3M | $91.0M |
自由现金流NVSTTNET
| Q4 25 | $91.7M | $43.0M | ||
| Q3 25 | $67.9M | $55.0M | ||
| Q2 25 | $76.4M | $57.0M | ||
| Q1 25 | $-5.6M | $79.0M | ||
| Q4 24 | $123.8M | $47.0M | ||
| Q3 24 | $63.3M | $59.0M | ||
| Q2 24 | $86.3M | $22.0M | ||
| Q1 24 | $29.3M | $73.0M |
自由现金流率NVSTTNET
| Q4 25 | 12.2% | 3.4% | ||
| Q3 25 | 10.1% | 4.5% | ||
| Q2 25 | 11.2% | 4.6% | ||
| Q1 25 | -0.9% | 6.1% | ||
| Q4 24 | 19.0% | 3.7% | ||
| Q3 24 | 10.5% | 4.8% | ||
| Q2 24 | 13.6% | 1.8% | ||
| Q1 24 | 4.7% | 5.8% |
资本支出强度NVSTTNET
| Q4 25 | 2.2% | 1.4% | ||
| Q3 25 | 1.6% | 1.4% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 1.0% | 1.2% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.2% | 2.0% | ||
| Q2 24 | 1.1% | 1.4% | ||
| Q1 24 | 1.8% | 1.4% |
现金转化率NVSTTNET
| Q4 25 | 3.28× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 3.36× | 2.03× | ||
| Q1 25 | 0.02× | 1.12× | ||
| Q4 24 | 110.33× | — | ||
| Q3 24 | 8.62× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 1.71× | 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
NVST
| Other | $375.8M | 50% |
| Specialty Productsand Technologies | $188.4M | 25% |
| Equipmentand Consumables | $186.4M | 25% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
