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NEWELL BRANDS INC.（NWL）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
NEWELL BRANDS INC.的季度营收约是TRINET GROUP, INC.的1.5倍（$1.9B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -2.7%），NEWELL BRANDS INC.自由现金流更多（$91.0M vs $43.0M），过去两年NEWELL BRANDS INC.的营收复合增速更高（7.1% vs -0.6%）
纽威品牌公司（Newell Brands）是美国知名消费品与商用产品集团，旗下拥有多个广受欢迎的品牌，涵盖乐柏美（Rubbermaid）收纳及废弃物处理容器、家居收纳与可重复使用容器，Contigo、Bubba运动水杯，Coleman户外用品，文具胶水、儿童用品、炊具、小家电以及香氛产品等多元品类，覆盖日常生活多场景需求。
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。
NWL vs TNET — 直观对比
营收规模更大
NWL
是对方的1.5倍
$1.2B
营收增速更快
TNET
高出0.5%
-2.7%
自由现金流更多
NWL
多$48.0M
$43.0M
两年增速更快
NWL
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $-315.0M | — |
| 毛利率 | 33.1% | — |
| 营业利润率 | -14.3% | 0.1% |
| 净利率 | -16.6% | — |
| 营收同比 | -2.7% | -2.2% |
| 净利润同比 | -483.3% | — |
| 每股收益（稀释后） | $-0.75 | $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NWLTNET
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.7B | $1.3B |
净利润NWLTNET
| Q4 25 | $-315.0M | — | ||
| Q3 25 | $21.0M | $34.0M | ||
| Q2 25 | $46.0M | $37.0M | ||
| Q1 25 | $-37.0M | $85.0M | ||
| Q4 24 | $-54.0M | — | ||
| Q3 24 | $-198.0M | $45.0M | ||
| Q2 24 | $45.0M | $60.0M | ||
| Q1 24 | $-9.0M | $91.0M |
毛利率NWLTNET
| Q4 25 | 33.1% | — | ||
| Q3 25 | 34.1% | — | ||
| Q2 25 | 35.4% | — | ||
| Q1 25 | 32.1% | — | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | 34.4% | — | ||
| Q1 24 | 30.5% | — |
营业利润率NWLTNET
| Q4 25 | -14.3% | 0.1% | ||
| Q3 25 | 6.6% | 4.1% | ||
| Q2 25 | 8.8% | 4.1% | ||
| Q1 25 | 1.3% | 8.9% | ||
| Q4 24 | 0.5% | -2.9% | ||
| Q3 24 | -6.2% | 4.7% | ||
| Q2 24 | 8.0% | 6.5% | ||
| Q1 24 | 1.0% | 9.7% |
净利率NWLTNET
| Q4 25 | -16.6% | — | ||
| Q3 25 | 1.2% | 2.8% | ||
| Q2 25 | 2.4% | 3.0% | ||
| Q1 25 | -2.4% | 6.6% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | -10.2% | 3.6% | ||
| Q2 24 | 2.2% | 4.9% | ||
| Q1 24 | -0.5% | 7.2% |
每股收益（稀释后）NWLTNET
| Q4 25 | $-0.75 | $0.02 | ||
| Q3 25 | $0.05 | $0.70 | ||
| Q2 25 | $0.11 | $0.77 | ||
| Q1 25 | $-0.09 | $1.71 | ||
| Q4 24 | $-0.13 | $-0.44 | ||
| Q3 24 | $-0.48 | $0.89 | ||
| Q2 24 | $0.11 | $1.20 | ||
| Q1 24 | $-0.02 | $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 | $203.0M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $54.0M |
| 总资产 | $10.7B | $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NWLTNET
| Q4 25 | $203.0M | $287.0M | ||
| Q3 25 | $229.0M | $321.0M | ||
| Q2 25 | $219.0M | $407.0M | ||
| Q1 25 | $233.0M | $349.0M | ||
| Q4 24 | $198.0M | $360.0M | ||
| Q3 24 | $494.0M | $301.0M | ||
| Q2 24 | $382.0M | $249.0M | ||
| Q1 24 | $372.0M | $383.0M |
股东权益NWLTNET
| Q4 25 | $2.4B | $54.0M | ||
| Q3 25 | $2.7B | $110.0M | ||
| Q2 25 | $2.7B | $107.0M | ||
| Q1 25 | $2.7B | $63.0M | ||
| Q4 24 | $2.8B | $69.0M | ||
| Q3 24 | $2.9B | $129.0M | ||
| Q2 24 | $3.1B | $100.0M | ||
| Q1 24 | $3.1B | $143.0M |
总资产NWLTNET
| Q4 25 | $10.7B | $3.8B | ||
| Q3 25 | $11.3B | $3.4B | ||
| Q2 25 | $11.5B | $3.7B | ||
| Q1 25 | $11.3B | $3.8B | ||
| Q4 24 | $11.0B | $4.1B | ||
| Q3 24 | $11.8B | $3.7B | ||
| Q2 24 | $12.0B | $3.7B | ||
| Q1 24 | $12.1B | $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 | $161.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $91.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 4.8% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $17.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流NWLTNET
| Q4 25 | $161.0M | $61.0M | ||
| Q3 25 | $374.0M | $72.0M | ||
| Q2 25 | $-58.0M | $75.0M | ||
| Q1 25 | $-213.0M | $95.0M | ||
| Q4 24 | $150.0M | $65.0M | ||
| Q3 24 | $282.0M | $84.0M | ||
| Q2 24 | $32.0M | $39.0M | ||
| Q1 24 | $32.0M | $91.0M |
自由现金流NWLTNET
| Q4 25 | $91.0M | $43.0M | ||
| Q3 25 | $315.0M | $55.0M | ||
| Q2 25 | $-117.0M | $57.0M | ||
| Q1 25 | $-272.0M | $79.0M | ||
| Q4 24 | $54.0M | $47.0M | ||
| Q3 24 | $231.0M | $59.0M | ||
| Q2 24 | $-21.0M | $22.0M | ||
| Q1 24 | $-27.0M | $73.0M |
自由现金流率NWLTNET
| Q4 25 | 4.8% | 3.4% | ||
| Q3 25 | 17.4% | 4.5% | ||
| Q2 25 | -6.0% | 4.6% | ||
| Q1 25 | -17.4% | 6.1% | ||
| Q4 24 | 2.8% | 3.7% | ||
| Q3 24 | 11.9% | 4.8% | ||
| Q2 24 | -1.0% | 1.8% | ||
| Q1 24 | -1.6% | 5.8% |
资本支出强度NWLTNET
| Q4 25 | 3.7% | 1.4% | ||
| Q3 25 | 3.3% | 1.4% | ||
| Q2 25 | 3.0% | 1.5% | ||
| Q1 25 | 3.8% | 1.2% | ||
| Q4 24 | 4.9% | 1.4% | ||
| Q3 24 | 2.6% | 2.0% | ||
| Q2 24 | 2.6% | 1.4% | ||
| Q1 24 | 3.6% | 1.4% |
现金转化率NWLTNET
| Q4 25 | — | — | ||
| Q3 25 | 17.81× | 2.12× | ||
| Q2 25 | -1.26× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 0.71× | 0.65× | ||
| Q1 24 | — | 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
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
