vs
Opendoor Technologies Inc.（OPEN）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Opendoor Technologies Inc.的1.7倍（$1.2B vs $736.0M），TRINET GROUP, INC.同比增速更快（-2.2% vs -32.1%），Opendoor Technologies Inc.自由现金流更多（$67.0M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -21.1%）
Opendoor Technologies Inc.是一家主营住宅房地产买卖的线上企业，总部位于旧金山。平台可通过线上流程向房主提供房屋即时现金报价，收购房产后进行修缮再重新挂牌出售，同时还提供基于移动端应用的购房服务及配套融资方案，截至2021年11月业务覆盖美国44个区域市场。
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。
OPEN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$736.0M
营收增速更快
TNET
高出29.9%
-32.1%
自由现金流更多
OPEN
多$24.0M
$43.0M
两年增速更快
TNET
近两年复合增速
-21.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $736.0M | $1.2B |
| 净利润 | $-1.1B | — |
| 毛利率 | 7.7% | — |
| 营业利润率 | -20.4% | 0.1% |
| 净利率 | -148.9% | — |
| 营收同比 | -32.1% | -2.2% |
| 净利润同比 | -869.9% | — |
| 每股收益（稀释后） | $-1.42 | $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OPENTNET
| Q4 25 | $736.0M | $1.2B | ||
| Q3 25 | $915.0M | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.2B | $1.3B |
净利润OPENTNET
| Q4 25 | $-1.1B | — | ||
| Q3 25 | $-90.0M | $34.0M | ||
| Q2 25 | $-29.0M | $37.0M | ||
| Q1 25 | $-85.0M | $85.0M | ||
| Q4 24 | $-113.0M | — | ||
| Q3 24 | $-78.0M | $45.0M | ||
| Q2 24 | $-92.0M | $60.0M | ||
| Q1 24 | $-109.0M | $91.0M |
毛利率OPENTNET
| Q4 25 | 7.7% | — | ||
| Q3 25 | 7.2% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 9.7% | — |
营业利润率OPENTNET
| Q4 25 | -20.4% | 0.1% | ||
| Q3 25 | -7.4% | 4.1% | ||
| Q2 25 | -0.8% | 4.1% | ||
| Q1 25 | -4.9% | 8.9% | ||
| Q4 24 | -8.7% | -2.9% | ||
| Q3 24 | -4.9% | 4.7% | ||
| Q2 24 | -4.8% | 6.5% | ||
| Q1 24 | -7.4% | 9.7% |
净利率OPENTNET
| Q4 25 | -148.9% | — | ||
| Q3 25 | -9.8% | 2.8% | ||
| Q2 25 | -1.9% | 3.0% | ||
| Q1 25 | -7.4% | 6.6% | ||
| Q4 24 | -10.4% | — | ||
| Q3 24 | -5.7% | 3.6% | ||
| Q2 24 | -6.1% | 4.9% | ||
| Q1 24 | -9.2% | 7.2% |
每股收益（稀释后）OPENTNET
| Q4 25 | $-1.42 | $0.02 | ||
| Q3 25 | $-0.12 | $0.70 | ||
| Q2 25 | $-0.04 | $0.77 | ||
| Q1 25 | $-0.12 | $1.71 | ||
| Q4 24 | $-0.16 | $-0.44 | ||
| Q3 24 | $-0.11 | $0.89 | ||
| Q2 24 | $-0.13 | $1.20 | ||
| Q1 24 | $-0.16 | $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 | $962.0M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $54.0M |
| 总资产 | $2.4B | $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OPENTNET
| Q4 25 | $962.0M | $287.0M | ||
| Q3 25 | $962.0M | $321.0M | ||
| Q2 25 | $789.0M | $407.0M | ||
| Q1 25 | $559.0M | $349.0M | ||
| Q4 24 | $679.0M | $360.0M | ||
| Q3 24 | $837.0M | $301.0M | ||
| Q2 24 | $809.0M | $249.0M | ||
| Q1 24 | $990.0M | $383.0M |
股东权益OPENTNET
| Q4 25 | $1.0B | $54.0M | ||
| Q3 25 | $811.0M | $110.0M | ||
| Q2 25 | $631.0M | $107.0M | ||
| Q1 25 | $645.0M | $63.0M | ||
| Q4 24 | $713.0M | $69.0M | ||
| Q3 24 | $801.0M | $129.0M | ||
| Q2 24 | $845.0M | $100.0M | ||
| Q1 24 | $899.0M | $143.0M |
总资产OPENTNET
| Q4 25 | $2.4B | $3.8B | ||
| Q3 25 | $2.7B | $3.4B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $3.3B | $3.8B | ||
| Q4 24 | $3.1B | $4.1B | ||
| Q3 24 | $3.4B | $3.7B | ||
| Q2 24 | $3.4B | $3.7B | ||
| Q1 24 | $3.4B | $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 | $70.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $67.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 3.4% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $1.0B | $234.0M |
8季度趋势，按日历期对齐
经营现金流OPENTNET
| Q4 25 | $70.0M | $61.0M | ||
| Q3 25 | $435.0M | $72.0M | ||
| Q2 25 | $823.0M | $75.0M | ||
| Q1 25 | $-279.0M | $95.0M | ||
| Q4 24 | $-80.0M | $65.0M | ||
| Q3 24 | $62.0M | $84.0M | ||
| Q2 24 | $-399.0M | $39.0M | ||
| Q1 24 | $-178.0M | $91.0M |
自由现金流OPENTNET
| Q4 25 | $67.0M | $43.0M | ||
| Q3 25 | $432.0M | $55.0M | ||
| Q2 25 | $821.0M | $57.0M | ||
| Q1 25 | $-283.0M | $79.0M | ||
| Q4 24 | $-83.0M | $47.0M | ||
| Q3 24 | $56.0M | $59.0M | ||
| Q2 24 | $-407.0M | $22.0M | ||
| Q1 24 | $-186.0M | $73.0M |
自由现金流率OPENTNET
| Q4 25 | 9.1% | 3.4% | ||
| Q3 25 | 47.2% | 4.5% | ||
| Q2 25 | 52.4% | 4.6% | ||
| Q1 25 | -24.5% | 6.1% | ||
| Q4 24 | -7.7% | 3.7% | ||
| Q3 24 | 4.1% | 4.8% | ||
| Q2 24 | -26.9% | 1.8% | ||
| Q1 24 | -15.7% | 5.8% |
资本支出强度OPENTNET
| Q4 25 | 0.4% | 1.4% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 0.1% | 1.5% | ||
| Q1 25 | 0.3% | 1.2% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 0.5% | 1.4% | ||
| Q1 24 | 0.7% | 1.4% |
现金转化率OPENTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 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
OPEN
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
