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Optimum Communications, Inc.（OPTU）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
Optimum Communications, Inc.的季度营收约是TRINET GROUP, INC.的1.7倍（$2.2B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -2.3%），Optimum Communications, Inc.自由现金流更多（$199.4M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -1.5%）
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
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。
OPTU vs TNET — 直观对比
营收规模更大
OPTU
是对方的1.7倍
$1.2B
营收增速更快
TNET
高出0.1%
-2.3%
自由现金流更多
OPTU
多$156.4M
$43.0M
两年增速更快
TNET
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $-71.2M | — |
| 毛利率 | 69.5% | — |
| 营业利润率 | 18.2% | 0.1% |
| 净利率 | -3.3% | — |
| 营收同比 | -2.3% | -2.2% |
| 净利润同比 | -31.6% | — |
| 每股收益（稀释后） | $-0.16 | $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OPTUTNET
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.2B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.3B | $1.3B |
净利润OPTUTNET
| Q4 25 | $-71.2M | — | ||
| Q3 25 | $-1.6B | $34.0M | ||
| Q2 25 | $-96.3M | $37.0M | ||
| Q1 25 | $-75.7M | $85.0M | ||
| Q4 24 | $-54.1M | — | ||
| Q3 24 | $-43.0M | $45.0M | ||
| Q2 24 | $15.4M | $60.0M | ||
| Q1 24 | $-21.2M | $91.0M |
毛利率OPTUTNET
| Q4 25 | 69.5% | — | ||
| Q3 25 | 69.7% | — | ||
| Q2 25 | 69.1% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 67.7% | — | ||
| Q3 24 | 68.1% | — | ||
| Q2 24 | 67.9% | — | ||
| Q1 24 | 67.0% | — |
营业利润率OPTUTNET
| Q4 25 | 18.2% | 0.1% | ||
| Q3 25 | -55.3% | 4.1% | ||
| Q2 25 | 14.5% | 4.1% | ||
| Q1 25 | 16.0% | 8.9% | ||
| Q4 24 | 15.2% | -2.9% | ||
| Q3 24 | 20.0% | 4.7% | ||
| Q2 24 | 22.4% | 6.5% | ||
| Q1 24 | 17.5% | 9.7% |
净利率OPTUTNET
| Q4 25 | -3.3% | — | ||
| Q3 25 | -77.1% | 2.8% | ||
| Q2 25 | -4.5% | 3.0% | ||
| Q1 25 | -3.5% | 6.6% | ||
| Q4 24 | -2.4% | — | ||
| Q3 24 | -1.9% | 3.6% | ||
| Q2 24 | 0.7% | 4.9% | ||
| Q1 24 | -0.9% | 7.2% |
每股收益（稀释后）OPTUTNET
| Q4 25 | $-0.16 | $0.02 | ||
| Q3 25 | $-3.47 | $0.70 | ||
| Q2 25 | $-0.21 | $0.77 | ||
| Q1 25 | $-0.16 | $1.71 | ||
| Q4 24 | $-0.11 | $-0.44 | ||
| Q3 24 | $-0.09 | $0.89 | ||
| Q2 24 | $0.03 | $1.20 | ||
| Q1 24 | $-0.05 | $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 | $1.0B | $287.0M |
| 总债务越低越好 | $26.2B | — |
| 股东权益账面价值 | $-2.3B | $54.0M |
| 总资产 | $30.7B | $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OPTUTNET
| Q4 25 | $1.0B | $287.0M | ||
| Q3 25 | $938.8M | $321.0M | ||
| Q2 25 | $247.3M | $407.0M | ||
| Q1 25 | $279.1M | $349.0M | ||
| Q4 24 | $256.5M | $360.0M | ||
| Q3 24 | $250.0M | $301.0M | ||
| Q2 24 | $362.1M | $249.0M | ||
| Q1 24 | $284.4M | $383.0M |
总债务OPTUTNET
| Q4 25 | $26.2B | — | ||
| Q3 25 | $26.2B | — | ||
| Q2 25 | $25.3B | — | ||
| Q1 25 | $25.3B | — | ||
| Q4 24 | $25.1B | — | ||
| Q3 24 | $25.1B | — | ||
| Q2 24 | $25.2B | — | ||
| Q1 24 | $25.1B | — |
股东权益OPTUTNET
| Q4 25 | $-2.3B | $54.0M | ||
| Q3 25 | $-2.2B | $110.0M | ||
| Q2 25 | $-624.1M | $107.0M | ||
| Q1 25 | $-543.0M | $63.0M | ||
| Q4 24 | $-469.2M | $69.0M | ||
| Q3 24 | $-427.1M | $129.0M | ||
| Q2 24 | $-399.1M | $100.0M | ||
| Q1 24 | $-431.2M | $143.0M |
总资产OPTUTNET
| Q4 25 | $30.7B | $3.8B | ||
| Q3 25 | $30.7B | $3.4B | ||
| Q2 25 | $31.6B | $3.7B | ||
| Q1 25 | $31.7B | $3.8B | ||
| Q4 24 | $31.7B | $4.1B | ||
| Q3 24 | $31.8B | $3.7B | ||
| Q2 24 | $32.0B | $3.7B | ||
| Q1 24 | $31.9B | $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 | $481.6M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $199.4M | $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 | 12.9% | 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 | $-118.8M | $234.0M |
8季度趋势，按日历期对齐
经营现金流OPTUTNET
| Q4 25 | $481.6M | $61.0M | ||
| Q3 25 | $147.4M | $72.0M | ||
| Q2 25 | $412.0M | $75.0M | ||
| Q1 25 | $187.5M | $95.0M | ||
| Q4 24 | $439.9M | $65.0M | ||
| Q3 24 | $436.0M | $84.0M | ||
| Q2 24 | $306.8M | $39.0M | ||
| Q1 24 | $399.7M | $91.0M |
自由现金流OPTUTNET
| Q4 25 | $199.4M | $43.0M | ||
| Q3 25 | $-178.1M | $55.0M | ||
| Q2 25 | $28.4M | $57.0M | ||
| Q1 25 | $-168.6M | $79.0M | ||
| Q4 24 | $49.9M | $47.0M | ||
| Q3 24 | $76.9M | $59.0M | ||
| Q2 24 | $-40.9M | $22.0M | ||
| Q1 24 | $63.6M | $73.0M |
自由现金流率OPTUTNET
| Q4 25 | 9.1% | 3.4% | ||
| Q3 25 | -8.4% | 4.5% | ||
| Q2 25 | 1.3% | 4.6% | ||
| Q1 25 | -7.8% | 6.1% | ||
| Q4 24 | 2.2% | 3.7% | ||
| Q3 24 | 3.5% | 4.8% | ||
| Q2 24 | -1.8% | 1.8% | ||
| Q1 24 | 2.8% | 5.8% |
资本支出强度OPTUTNET
| Q4 25 | 12.9% | 1.4% | ||
| Q3 25 | 15.4% | 1.4% | ||
| Q2 25 | 17.9% | 1.5% | ||
| Q1 25 | 16.5% | 1.2% | ||
| Q4 24 | 17.5% | 1.4% | ||
| Q3 24 | 16.1% | 2.0% | ||
| Q2 24 | 15.5% | 1.4% | ||
| Q1 24 | 14.9% | 1.4% |
现金转化率OPTUTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 19.97× | 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
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
