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Park Hotels & Resorts Inc.（PK）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Park Hotels & Resorts Inc.的2.0倍（$1.2B vs $629.0M），Park Hotels & Resorts Inc.同比增速更快（0.6% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-3.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -0.8%）
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
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。
PK vs TNET — 直观对比
营收规模更大
TNET
是对方的2.0倍
$629.0M
营收增速更快
PK
高出2.8%
-2.2%
自由现金流更多
TNET
多$46.0M
$-3.0M
两年增速更快
TNET
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.0M | $1.2B |
| 净利润 | $-205.0M | — |
| 毛利率 | — | — |
| 营业利润率 | -26.1% | 0.1% |
| 净利率 | -32.6% | — |
| 营收同比 | 0.6% | -2.2% |
| 净利润同比 | -410.6% | — |
| 每股收益（稀释后） | $-1.04 | $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PKTNET
| Q4 25 | $629.0M | $1.2B | ||
| Q3 25 | $610.0M | $1.2B | ||
| Q2 25 | $672.0M | $1.2B | ||
| Q1 25 | $630.0M | $1.3B | ||
| Q4 24 | $625.0M | $1.3B | ||
| Q3 24 | $649.0M | $1.2B | ||
| Q2 24 | $686.0M | $1.2B | ||
| Q1 24 | $639.0M | $1.3B |
净利润PKTNET
| Q4 25 | $-205.0M | — | ||
| Q3 25 | $-16.0M | $34.0M | ||
| Q2 25 | $-5.0M | $37.0M | ||
| Q1 25 | $-57.0M | $85.0M | ||
| Q4 24 | $66.0M | — | ||
| Q3 24 | $54.0M | $45.0M | ||
| Q2 24 | $64.0M | $60.0M | ||
| Q1 24 | $28.0M | $91.0M |
营业利润率PKTNET
| Q4 25 | -26.1% | 0.1% | ||
| Q3 25 | 9.7% | 4.1% | ||
| Q2 25 | 9.7% | 4.1% | ||
| Q1 25 | 1.1% | 8.9% | ||
| Q4 24 | 13.3% | -2.9% | ||
| Q3 24 | 14.6% | 4.7% | ||
| Q2 24 | 17.6% | 6.5% | ||
| Q1 24 | 14.4% | 9.7% |
净利率PKTNET
| Q4 25 | -32.6% | — | ||
| Q3 25 | -2.6% | 2.8% | ||
| Q2 25 | -0.7% | 3.0% | ||
| Q1 25 | -9.0% | 6.6% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 8.3% | 3.6% | ||
| Q2 24 | 9.3% | 4.9% | ||
| Q1 24 | 4.4% | 7.2% |
每股收益（稀释后）PKTNET
| Q4 25 | $-1.04 | $0.02 | ||
| Q3 25 | $-0.08 | $0.70 | ||
| Q2 25 | $-0.02 | $0.77 | ||
| Q1 25 | $-0.29 | $1.71 | ||
| Q4 24 | $0.32 | $-0.44 | ||
| Q3 24 | $0.26 | $0.89 | ||
| Q2 24 | $0.30 | $1.20 | ||
| Q1 24 | $0.13 | $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 | $232.0M | $287.0M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $3.1B | $54.0M |
| 总资产 | $7.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资PKTNET
| Q4 25 | $232.0M | $287.0M | ||
| Q3 25 | $278.0M | $321.0M | ||
| Q2 25 | $319.0M | $407.0M | ||
| Q1 25 | $233.0M | $349.0M | ||
| Q4 24 | $402.0M | $360.0M | ||
| Q3 24 | $480.0M | $301.0M | ||
| Q2 24 | $449.0M | $249.0M | ||
| Q1 24 | $378.0M | $383.0M |
总债务PKTNET
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | — |
股东权益PKTNET
| Q4 25 | $3.1B | $54.0M | ||
| Q3 25 | $3.4B | $110.0M | ||
| Q2 25 | $3.4B | $107.0M | ||
| Q1 25 | $3.5B | $63.0M | ||
| Q4 24 | $3.6B | $69.0M | ||
| Q3 24 | $3.8B | $129.0M | ||
| Q2 24 | $3.8B | $100.0M | ||
| Q1 24 | $3.8B | $143.0M |
总资产PKTNET
| Q4 25 | $7.7B | $3.8B | ||
| Q3 25 | $8.8B | $3.4B | ||
| Q2 25 | $8.9B | $3.7B | ||
| Q1 25 | $8.9B | $3.8B | ||
| Q4 24 | $9.2B | $4.1B | ||
| Q3 24 | $9.2B | $3.7B | ||
| Q2 24 | $9.2B | $3.7B | ||
| Q1 24 | $9.1B | $4.0B |
负债/权益比PKTNET
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.00× | — |
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 | $105.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $43.0M |
| 自由现金流率自由现金流/营收 | -0.5% | 3.4% |
| 资本支出强度资本支出/营收 | 17.2% | 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 | $102.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流PKTNET
| Q4 25 | $105.0M | $61.0M | ||
| Q3 25 | $99.0M | $72.0M | ||
| Q2 25 | $108.0M | $75.0M | ||
| Q1 25 | $86.0M | $95.0M | ||
| Q4 24 | $80.0M | $65.0M | ||
| Q3 24 | $140.0M | $84.0M | ||
| Q2 24 | $117.0M | $39.0M | ||
| Q1 24 | $92.0M | $91.0M |
自由现金流PKTNET
| Q4 25 | $-3.0M | $43.0M | ||
| Q3 25 | $31.0M | $55.0M | ||
| Q2 25 | $65.0M | $57.0M | ||
| Q1 25 | $9.0M | $79.0M | ||
| Q4 24 | $17.0M | $47.0M | ||
| Q3 24 | $97.0M | $59.0M | ||
| Q2 24 | $66.0M | $22.0M | ||
| Q1 24 | $22.0M | $73.0M |
自由现金流率PKTNET
| Q4 25 | -0.5% | 3.4% | ||
| Q3 25 | 5.1% | 4.5% | ||
| Q2 25 | 9.7% | 4.6% | ||
| Q1 25 | 1.4% | 6.1% | ||
| Q4 24 | 2.7% | 3.7% | ||
| Q3 24 | 14.9% | 4.8% | ||
| Q2 24 | 9.6% | 1.8% | ||
| Q1 24 | 3.4% | 5.8% |
资本支出强度PKTNET
| Q4 25 | 17.2% | 1.4% | ||
| Q3 25 | 11.1% | 1.4% | ||
| Q2 25 | 6.4% | 1.5% | ||
| Q1 25 | 12.2% | 1.2% | ||
| Q4 24 | 10.1% | 1.4% | ||
| Q3 24 | 6.6% | 2.0% | ||
| Q2 24 | 7.4% | 1.4% | ||
| Q1 24 | 11.0% | 1.4% |
现金转化率PKTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 2.59× | 1.87× | ||
| Q2 24 | 1.83× | 0.65× | ||
| Q1 24 | 3.29× | 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
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
