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欧文斯科宁（OC）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
欧文斯科宁的季度营收约是TRINET GROUP, INC.的1.7倍（$2.1B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -3.5%）
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
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。
OC vs TNET — 直观对比
营收规模更大
OC
是对方的1.7倍
$1.2B
营收增速更快
TNET
高出22.4%
-24.6%
自由现金流更多
OC
多$290.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $-298.0M | — |
| 毛利率 | 23.2% | — |
| 营业利润率 | -10.5% | 0.1% |
| 净利率 | -13.9% | — |
| 营收同比 | -24.6% | -2.2% |
| 净利润同比 | -15.5% | — |
| 每股收益（稀释后） | $-3.47 | $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OCTNET
| Q4 25 | $2.1B | $1.2B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.8B | $1.3B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $2.3B | $1.3B |
净利润OCTNET
| Q4 25 | $-298.0M | — | ||
| Q3 25 | $-494.0M | $34.0M | ||
| Q2 25 | $363.0M | $37.0M | ||
| Q1 25 | $-93.0M | $85.0M | ||
| Q4 24 | $-258.0M | — | ||
| Q3 24 | $321.0M | $45.0M | ||
| Q2 24 | $285.0M | $60.0M | ||
| Q1 24 | $299.0M | $91.0M |
毛利率OCTNET
| Q4 25 | 23.2% | — | ||
| Q3 25 | 28.2% | — | ||
| Q2 25 | 31.2% | — | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 29.6% | — |
营业利润率OCTNET
| Q4 25 | -10.5% | 0.1% | ||
| Q3 25 | -12.2% | 4.1% | ||
| Q2 25 | 18.4% | 4.1% | ||
| Q1 25 | 16.1% | 8.9% | ||
| Q4 24 | -8.5% | -2.9% | ||
| Q3 24 | 16.7% | 4.7% | ||
| Q2 24 | 16.4% | 6.5% | ||
| Q1 24 | 17.5% | 9.7% |
净利率OCTNET
| Q4 25 | -13.9% | — | ||
| Q3 25 | -18.4% | 2.8% | ||
| Q2 25 | 13.2% | 3.0% | ||
| Q1 25 | -3.7% | 6.6% | ||
| Q4 24 | -9.1% | — | ||
| Q3 24 | 10.5% | 3.6% | ||
| Q2 24 | 10.2% | 4.9% | ||
| Q1 24 | 13.0% | 7.2% |
每股收益（稀释后）OCTNET
| Q4 25 | $-3.47 | $0.02 | ||
| Q3 25 | $-5.92 | $0.70 | ||
| Q2 25 | $4.25 | $0.77 | ||
| Q1 25 | $-1.08 | $1.71 | ||
| Q4 24 | $-2.92 | $-0.44 | ||
| Q3 24 | $3.65 | $0.89 | ||
| Q2 24 | $3.24 | $1.20 | ||
| Q1 24 | $3.40 | $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 | $345.0M | $287.0M |
| 总债务越低越好 | $4.7B | — |
| 股东权益账面价值 | $3.9B | $54.0M |
| 总资产 | $13.0B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.22× | — |
8季度趋势，按日历期对齐
现金及短期投资OCTNET
| Q4 25 | $345.0M | $287.0M | ||
| Q3 25 | $286.0M | $321.0M | ||
| Q2 25 | $230.0M | $407.0M | ||
| Q1 25 | $400.0M | $349.0M | ||
| Q4 24 | $361.0M | $360.0M | ||
| Q3 24 | $499.0M | $301.0M | ||
| Q2 24 | $254.0M | $249.0M | ||
| Q1 24 | $1.3B | $383.0M |
总债务OCTNET
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $2.6B | — |
股东权益OCTNET
| Q4 25 | $3.9B | $54.0M | ||
| Q3 25 | $4.4B | $110.0M | ||
| Q2 25 | $5.2B | $107.0M | ||
| Q1 25 | $4.9B | $63.0M | ||
| Q4 24 | $5.1B | $69.0M | ||
| Q3 24 | $5.6B | $129.0M | ||
| Q2 24 | $5.5B | $100.0M | ||
| Q1 24 | $5.2B | $143.0M |
总资产OCTNET
| Q4 25 | $13.0B | $3.8B | ||
| Q3 25 | $13.5B | $3.4B | ||
| Q2 25 | $14.5B | $3.7B | ||
| Q1 25 | $14.3B | $3.8B | ||
| Q4 24 | $14.1B | $4.1B | ||
| Q3 24 | $15.1B | $3.7B | ||
| Q2 24 | $15.0B | $3.7B | ||
| Q1 24 | $11.3B | $4.0B |
负债/权益比OCTNET
| Q4 25 | 1.22× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 1.01× | — | ||
| Q3 24 | 0.89× | — | ||
| Q2 24 | 0.92× | — | ||
| Q1 24 | 0.51× | — |
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 | $590.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $333.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 15.5% | 3.4% |
| 资本支出强度资本支出/营收 | 12.0% | 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 | $962.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流OCTNET
| Q4 25 | $590.0M | $61.0M | ||
| Q3 25 | $918.0M | $72.0M | ||
| Q2 25 | $327.0M | $75.0M | ||
| Q1 25 | $-49.0M | $95.0M | ||
| Q4 24 | $676.0M | $65.0M | ||
| Q3 24 | $699.0M | $84.0M | ||
| Q2 24 | $493.0M | $39.0M | ||
| Q1 24 | $24.0M | $91.0M |
自由现金流OCTNET
| Q4 25 | $333.0M | $43.0M | ||
| Q3 25 | $752.0M | $55.0M | ||
| Q2 25 | $129.0M | $57.0M | ||
| Q1 25 | $-252.0M | $79.0M | ||
| Q4 24 | $479.0M | $47.0M | ||
| Q3 24 | $558.0M | $59.0M | ||
| Q2 24 | $336.0M | $22.0M | ||
| Q1 24 | $-128.0M | $73.0M |
自由现金流率OCTNET
| Q4 25 | 15.5% | 3.4% | ||
| Q3 25 | 28.0% | 4.5% | ||
| Q2 25 | 4.7% | 4.6% | ||
| Q1 25 | -10.0% | 6.1% | ||
| Q4 24 | 16.9% | 3.7% | ||
| Q3 24 | 18.3% | 4.8% | ||
| Q2 24 | 12.0% | 1.8% | ||
| Q1 24 | -5.6% | 5.8% |
资本支出强度OCTNET
| Q4 25 | 12.0% | 1.4% | ||
| Q3 25 | 6.2% | 1.4% | ||
| Q2 25 | 7.2% | 1.5% | ||
| Q1 25 | 8.0% | 1.2% | ||
| Q4 24 | 6.9% | 1.4% | ||
| Q3 24 | 4.6% | 2.0% | ||
| Q2 24 | 5.6% | 1.4% | ||
| Q1 24 | 6.6% | 1.4% |
现金转化率OCTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 0.90× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.18× | 1.87× | ||
| Q2 24 | 1.73× | 0.65× | ||
| Q1 24 | 0.08× | 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
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
