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PACS Group, Inc.（PACS）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
PACS Group, Inc.的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），PACS Group, Inc.同比增速更快（18.4% vs -2.2%），过去两年PACS Group, Inc.的营收复合增速更高（20.5% vs -0.6%）
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。
PACS vs TNET — 直观对比
营收规模更大
PACS
是对方的1.1倍
$1.2B
营收增速更快
PACS
高出20.6%
-2.2%
两年增速更快
PACS
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $59.7M | — |
| 毛利率 | — | — |
| 营业利润率 | 7.0% | 0.1% |
| 净利率 | 4.4% | — |
| 营收同比 | 18.4% | -2.2% |
| 净利润同比 | 3022.5% | — |
| 每股收益（稀释后） | $0.42 | $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PACSTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $981.4M | $1.2B | ||
| Q1 24 | $934.3M | $1.3B |
净利润PACSTNET
| Q4 25 | $59.7M | — | ||
| Q3 25 | $52.4M | $34.0M | ||
| Q2 25 | $51.0M | $37.0M | ||
| Q1 25 | $28.5M | $85.0M | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $15.6M | $45.0M | ||
| Q2 24 | $-10.9M | $60.0M | ||
| Q1 24 | $49.1M | $91.0M |
毛利率PACSTNET
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 22.3% | — | ||
| Q1 24 | 21.2% | — |
营业利润率PACSTNET
| Q4 25 | 7.0% | 0.1% | ||
| Q3 25 | 6.4% | 4.1% | ||
| Q2 25 | 6.2% | 4.1% | ||
| Q1 25 | 3.8% | 8.9% | ||
| Q4 24 | 1.7% | -2.9% | ||
| Q3 24 | 2.2% | 4.7% | ||
| Q2 24 | 0.1% | 6.5% | ||
| Q1 24 | 8.6% | 9.7% |
净利率PACSTNET
| Q4 25 | 4.4% | — | ||
| Q3 25 | 3.9% | 2.8% | ||
| Q2 25 | 3.9% | 3.0% | ||
| Q1 25 | 2.2% | 6.6% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 1.5% | 3.6% | ||
| Q2 24 | -1.1% | 4.9% | ||
| Q1 24 | 5.3% | 7.2% |
每股收益（稀释后）PACSTNET
| Q4 25 | $0.42 | $0.02 | ||
| Q3 25 | $0.32 | $0.70 | ||
| Q2 25 | $0.31 | $0.77 | ||
| Q1 25 | $0.17 | $1.71 | ||
| Q4 24 | $-0.03 | $-0.44 | ||
| Q3 24 | $0.10 | $0.89 | ||
| Q2 24 | $-0.07 | $1.20 | ||
| Q1 24 | $0.38 | $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 | $197.0M | $287.0M |
| 总债务越低越好 | $353.2M | — |
| 股东权益账面价值 | $946.8M | $54.0M |
| 总资产 | $5.6B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.37× | — |
8季度趋势，按日历期对齐
现金及短期投资PACSTNET
| Q4 25 | $197.0M | $287.0M | ||
| Q3 25 | $355.7M | $321.0M | ||
| Q2 25 | $294.2M | $407.0M | ||
| Q1 25 | $287.5M | $349.0M | ||
| Q4 24 | $157.7M | $360.0M | ||
| Q3 24 | $49.5M | $301.0M | ||
| Q2 24 | $73.4M | $249.0M | ||
| Q1 24 | $81.2M | $383.0M |
总债务PACSTNET
| Q4 25 | $353.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $411.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PACSTNET
| Q4 25 | $946.8M | $54.0M | ||
| Q3 25 | $871.3M | $110.0M | ||
| Q2 25 | $806.8M | $107.0M | ||
| Q1 25 | $750.2M | $63.0M | ||
| Q4 24 | $709.6M | $69.0M | ||
| Q3 24 | $660.0M | $129.0M | ||
| Q2 24 | $572.1M | $100.0M | ||
| Q1 24 | $128.0M | $143.0M |
总资产PACSTNET
| Q4 25 | $5.6B | $3.8B | ||
| Q3 25 | $5.6B | $3.4B | ||
| Q2 25 | $5.5B | $3.7B | ||
| Q1 25 | $5.5B | $3.8B | ||
| Q4 24 | $5.2B | $4.1B | ||
| Q3 24 | $4.5B | $3.7B | ||
| Q2 24 | $3.9B | $3.7B | ||
| Q1 24 | $3.9B | $4.0B |
负债/权益比PACSTNET
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.58× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-3.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | -0.06× | — |
| 过去12个月自由现金流最近4个季度 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流PACSTNET
| Q4 25 | $-3.4M | $61.0M | ||
| Q3 25 | $204.8M | $72.0M | ||
| Q2 25 | $52.6M | $75.0M | ||
| Q1 25 | $150.2M | $95.0M | ||
| Q4 24 | $64.6M | $65.0M | ||
| Q3 24 | $209.2M | $84.0M | ||
| Q2 24 | $34.8M | $39.0M | ||
| Q1 24 | $58.8M | $91.0M |
自由现金流PACSTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率PACSTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度PACSTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率PACSTNET
| Q4 25 | -0.06× | — | ||
| Q3 25 | 3.91× | 2.12× | ||
| Q2 25 | 1.03× | 2.03× | ||
| Q1 25 | 5.28× | 1.12× | ||
| Q4 24 | 33.78× | — | ||
| Q3 24 | 13.39× | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | 1.20× | 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
PACS
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
