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PINTEREST, INC.（PINS）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
PINTEREST, INC.的季度营收约是TRINET GROUP, INC.的1.1倍（$1.3B vs $1.2B），PINTEREST, INC.同比增速更快（14.3% vs -2.2%），PINTEREST, INC.自由现金流更多（$380.4M vs $43.0M），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs -0.6%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs TNET — 直观对比
营收规模更大
PINS
是对方的1.1倍
$1.2B
营收增速更快
PINS
高出16.5%
-2.2%
自由现金流更多
PINS
多$337.4M
$43.0M
两年增速更快
PINS
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $277.1M | — |
| 毛利率 | 82.8% | — |
| 营业利润率 | 22.8% | 0.1% |
| 净利率 | 21.0% | — |
| 营收同比 | 14.3% | -2.2% |
| 净利润同比 | -85.0% | — |
| 每股收益（稀释后） | $0.41 | $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PINSTNET
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.0B | $1.2B | ||
| Q2 25 | $998.2M | $1.2B | ||
| Q1 25 | $855.0M | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $898.4M | $1.2B | ||
| Q2 24 | $853.7M | $1.2B | ||
| Q1 24 | $740.0M | $1.3B |
净利润PINSTNET
| Q4 25 | $277.1M | — | ||
| Q3 25 | $92.1M | $34.0M | ||
| Q2 25 | $38.8M | $37.0M | ||
| Q1 25 | $8.9M | $85.0M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $30.6M | $45.0M | ||
| Q2 24 | $8.9M | $60.0M | ||
| Q1 24 | $-24.8M | $91.0M |
毛利率PINSTNET
| Q4 25 | 82.8% | — | ||
| Q3 25 | 79.8% | — | ||
| Q2 25 | 79.7% | — | ||
| Q1 25 | 76.7% | — | ||
| Q4 24 | 82.9% | — | ||
| Q3 24 | 79.1% | — | ||
| Q2 24 | 78.3% | — | ||
| Q1 24 | 75.5% | — |
营业利润率PINSTNET
| Q4 25 | 22.8% | 0.1% | ||
| Q3 25 | 5.6% | 4.1% | ||
| Q2 25 | -0.4% | 4.1% | ||
| Q1 25 | -4.1% | 8.9% | ||
| Q4 24 | 22.7% | -2.9% | ||
| Q3 24 | -0.7% | 4.7% | ||
| Q2 24 | -2.5% | 6.5% | ||
| Q1 24 | -7.4% | 9.7% |
净利率PINSTNET
| Q4 25 | 21.0% | — | ||
| Q3 25 | 8.8% | 2.8% | ||
| Q2 25 | 3.9% | 3.0% | ||
| Q1 25 | 1.0% | 6.6% | ||
| Q4 24 | 160.1% | — | ||
| Q3 24 | 3.4% | 3.6% | ||
| Q2 24 | 1.0% | 4.9% | ||
| Q1 24 | -3.4% | 7.2% |
每股收益（稀释后）PINSTNET
| Q4 25 | $0.41 | $0.02 | ||
| Q3 25 | $0.13 | $0.70 | ||
| Q2 25 | $0.06 | $0.77 | ||
| Q1 25 | $0.01 | $1.71 | ||
| Q4 24 | $2.66 | $-0.44 | ||
| Q3 24 | $0.04 | $0.89 | ||
| Q2 24 | $0.01 | $1.20 | ||
| Q1 24 | $-0.04 | $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 | $969.3M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $54.0M |
| 总资产 | $5.5B | $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PINSTNET
| Q4 25 | $969.3M | $287.0M | ||
| Q3 25 | $1.1B | $321.0M | ||
| Q2 25 | $1.2B | $407.0M | ||
| Q1 25 | $1.3B | $349.0M | ||
| Q4 24 | $1.1B | $360.0M | ||
| Q3 24 | $1.0B | $301.0M | ||
| Q2 24 | $1.4B | $249.0M | ||
| Q1 24 | $1.6B | $383.0M |
股东权益PINSTNET
| Q4 25 | $4.7B | $54.0M | ||
| Q3 25 | $4.8B | $110.0M | ||
| Q2 25 | $4.8B | $107.0M | ||
| Q1 25 | $4.7B | $63.0M | ||
| Q4 24 | $4.8B | $69.0M | ||
| Q3 24 | $2.9B | $129.0M | ||
| Q2 24 | $3.2B | $100.0M | ||
| Q1 24 | $3.1B | $143.0M |
总资产PINSTNET
| Q4 25 | $5.5B | $3.8B | ||
| Q3 25 | $5.5B | $3.4B | ||
| Q2 25 | $5.4B | $3.7B | ||
| Q1 25 | $5.3B | $3.8B | ||
| Q4 24 | $5.3B | $4.1B | ||
| Q3 24 | $3.5B | $3.7B | ||
| Q2 24 | $3.7B | $3.7B | ||
| Q1 24 | $3.7B | $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 | $391.2M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $380.4M | $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 | 0.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.41× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $234.0M |
8季度趋势，按日历期对齐
经营现金流PINSTNET
| Q4 25 | $391.2M | $61.0M | ||
| Q3 25 | $321.7M | $72.0M | ||
| Q2 25 | $207.7M | $75.0M | ||
| Q1 25 | $363.7M | $95.0M | ||
| Q4 24 | $254.0M | $65.0M | ||
| Q3 24 | $248.0M | $84.0M | ||
| Q2 24 | $106.4M | $39.0M | ||
| Q1 24 | $356.1M | $91.0M |
自由现金流PINSTNET
| Q4 25 | $380.4M | $43.0M | ||
| Q3 25 | $318.4M | $55.0M | ||
| Q2 25 | $196.7M | $57.0M | ||
| Q1 25 | $356.4M | $79.0M | ||
| Q4 24 | $250.2M | $47.0M | ||
| Q3 24 | $244.1M | $59.0M | ||
| Q2 24 | $101.6M | $22.0M | ||
| Q1 24 | $344.0M | $73.0M |
自由现金流率PINSTNET
| Q4 25 | 28.8% | 3.4% | ||
| Q3 25 | 30.3% | 4.5% | ||
| Q2 25 | 19.7% | 4.6% | ||
| Q1 25 | 41.7% | 6.1% | ||
| Q4 24 | 21.7% | 3.7% | ||
| Q3 24 | 27.2% | 4.8% | ||
| Q2 24 | 11.9% | 1.8% | ||
| Q1 24 | 46.5% | 5.8% |
资本支出强度PINSTNET
| Q4 25 | 0.8% | 1.4% | ||
| Q3 25 | 0.3% | 1.4% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 0.3% | 1.4% | ||
| Q3 24 | 0.4% | 2.0% | ||
| Q2 24 | 0.6% | 1.4% | ||
| Q1 24 | 1.6% | 1.4% |
现金转化率PINSTNET
| Q4 25 | 1.41× | — | ||
| Q3 25 | 3.49× | 2.12× | ||
| Q2 25 | 5.36× | 2.03× | ||
| Q1 25 | 40.77× | 1.12× | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 8.12× | 1.87× | ||
| Q2 24 | 11.98× | 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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
