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Okta, Inc.（OKTA）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Okta, Inc.的1.7倍（$1.2B vs $742.0M），Okta, Inc.同比增速更快（11.6% vs -2.2%），Okta, Inc.自由现金流更多（$214.0M vs $43.0M），过去两年Okta, Inc.的营收复合增速更高（10.7% vs -0.6%）
Okta是总部位于美国旧金山的身份与访问管理服务商，成立于2009年，主打云软件产品，可助力企业管理和保障用户应用访问认证安全，同时支持开发者在应用、网站、网络服务及设备中嵌入身份管控功能，2017年上市时估值超60亿美元。
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。
OKTA vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$742.0M
营收增速更快
OKTA
高出13.8%
-2.2%
自由现金流更多
OKTA
多$171.0M
$43.0M
两年增速更快
OKTA
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $742.0M | $1.2B |
| 净利润 | $43.0M | — |
| 毛利率 | 77.1% | — |
| 营业利润率 | 3.1% | 0.1% |
| 净利率 | 5.8% | — |
| 营收同比 | 11.6% | -2.2% |
| 净利润同比 | 168.8% | — |
| 每股收益（稀释后） | $0.24 | $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OKTATNET
| Q4 25 | $742.0M | $1.2B | ||
| Q3 25 | $728.0M | $1.2B | ||
| Q2 25 | $688.0M | $1.2B | ||
| Q1 25 | $682.0M | $1.3B | ||
| Q4 24 | $665.0M | $1.3B | ||
| Q3 24 | $646.0M | $1.2B | ||
| Q2 24 | $617.0M | $1.2B | ||
| Q1 24 | $605.0M | $1.3B |
净利润OKTATNET
| Q4 25 | $43.0M | — | ||
| Q3 25 | $67.0M | $34.0M | ||
| Q2 25 | $62.0M | $37.0M | ||
| Q1 25 | $23.0M | $85.0M | ||
| Q4 24 | $16.0M | — | ||
| Q3 24 | $29.0M | $45.0M | ||
| Q2 24 | $-40.0M | $60.0M | ||
| Q1 24 | $-44.0M | $91.0M |
毛利率OKTATNET
| Q4 25 | 77.1% | — | ||
| Q3 25 | 76.9% | — | ||
| Q2 25 | 77.5% | — | ||
| Q1 25 | 76.8% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 76.0% | — | ||
| Q2 24 | 76.0% | — | ||
| Q1 24 | 76.0% | — |
营业利润率OKTATNET
| Q4 25 | 3.1% | 0.1% | ||
| Q3 25 | 5.6% | 4.1% | ||
| Q2 25 | 5.7% | 4.1% | ||
| Q1 25 | 1.2% | 8.9% | ||
| Q4 24 | -2.4% | -2.9% | ||
| Q3 24 | -2.9% | 4.7% | ||
| Q2 24 | -7.6% | 6.5% | ||
| Q1 24 | -13.7% | 9.7% |
净利率OKTATNET
| Q4 25 | 5.8% | — | ||
| Q3 25 | 9.2% | 2.8% | ||
| Q2 25 | 9.0% | 3.0% | ||
| Q1 25 | 3.4% | 6.6% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 4.5% | 3.6% | ||
| Q2 24 | -6.5% | 4.9% | ||
| Q1 24 | -7.3% | 7.2% |
每股收益（稀释后）OKTATNET
| Q4 25 | $0.24 | $0.02 | ||
| Q3 25 | $0.37 | $0.70 | ||
| Q2 25 | $0.35 | $0.77 | ||
| Q1 25 | $0.15 | $1.71 | ||
| Q4 24 | $0.00 | $-0.44 | ||
| Q3 24 | $0.15 | $0.89 | ||
| Q2 24 | $-0.24 | $1.20 | ||
| Q1 24 | $-0.26 | $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 | $2.5B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.9B | $54.0M |
| 总资产 | $9.2B | $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OKTATNET
| Q4 25 | $2.5B | $287.0M | ||
| Q3 25 | $2.9B | $321.0M | ||
| Q2 25 | $2.7B | $407.0M | ||
| Q1 25 | $2.5B | $349.0M | ||
| Q4 24 | $2.2B | $360.0M | ||
| Q3 24 | $2.4B | $301.0M | ||
| Q2 24 | $2.3B | $249.0M | ||
| Q1 24 | $2.2B | $383.0M |
股东权益OKTATNET
| Q4 25 | $6.9B | $54.0M | ||
| Q3 25 | $6.8B | $110.0M | ||
| Q2 25 | $6.6B | $107.0M | ||
| Q1 25 | $6.4B | $63.0M | ||
| Q4 24 | $6.3B | $69.0M | ||
| Q3 24 | $6.1B | $129.0M | ||
| Q2 24 | $6.0B | $100.0M | ||
| Q1 24 | $5.9B | $143.0M |
总资产OKTATNET
| Q4 25 | $9.2B | $3.8B | ||
| Q3 25 | $9.6B | $3.4B | ||
| Q2 25 | $9.4B | $3.7B | ||
| Q1 25 | $9.4B | $3.8B | ||
| Q4 24 | $9.0B | $4.1B | ||
| Q3 24 | $9.1B | $3.7B | ||
| Q2 24 | $9.0B | $3.7B | ||
| Q1 24 | $9.0B | $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 | $218.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $214.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 28.8% | 3.4% |
| 资本支出强度资本支出/营收 | 0.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 5.07× | — |
| 过去12个月自由现金流最近4个季度 | $904.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流OKTATNET
| Q4 25 | $218.0M | $61.0M | ||
| Q3 25 | $167.0M | $72.0M | ||
| Q2 25 | $241.0M | $75.0M | ||
| Q1 25 | $286.0M | $95.0M | ||
| Q4 24 | $159.0M | $65.0M | ||
| Q3 24 | $86.0M | $84.0M | ||
| Q2 24 | $219.0M | $39.0M | ||
| Q1 24 | $174.0M | $91.0M |
自由现金流OKTATNET
| Q4 25 | $214.0M | $43.0M | ||
| Q3 25 | $165.0M | $55.0M | ||
| Q2 25 | $240.0M | $57.0M | ||
| Q1 25 | $285.0M | $79.0M | ||
| Q4 24 | $158.0M | $47.0M | ||
| Q3 24 | $81.0M | $59.0M | ||
| Q2 24 | $218.0M | $22.0M | ||
| Q1 24 | $171.0M | $73.0M |
自由现金流率OKTATNET
| Q4 25 | 28.8% | 3.4% | ||
| Q3 25 | 22.7% | 4.5% | ||
| Q2 25 | 34.9% | 4.6% | ||
| Q1 25 | 41.8% | 6.1% | ||
| Q4 24 | 23.8% | 3.7% | ||
| Q3 24 | 12.5% | 4.8% | ||
| Q2 24 | 35.3% | 1.8% | ||
| Q1 24 | 28.3% | 5.8% |
资本支出强度OKTATNET
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.1% | 1.5% | ||
| Q1 25 | 0.1% | 1.2% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 0.2% | 1.4% | ||
| Q1 24 | 0.5% | 1.4% |
现金转化率OKTATNET
| Q4 25 | 5.07× | — | ||
| Q3 25 | 2.49× | 2.12× | ||
| Q2 25 | 3.89× | 2.03× | ||
| Q1 25 | 12.43× | 1.12× | ||
| Q4 24 | 9.94× | — | ||
| Q3 24 | 2.97× | 1.87× | ||
| Q2 24 | — | 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
OKTA
| Subscription And Circulation | $724.0M | 98% |
| Technology Service | $18.0M | 2% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
