vs
Packaging Corporation of America（PKG）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
Packaging Corporation of America的季度营收约是TRINET GROUP, INC.的1.9倍（$2.4B vs $1.2B），Packaging Corporation of America同比增速更快（10.6% vs -2.2%），过去两年Packaging Corporation of America的营收复合增速更高（6.8% vs -0.6%）
Packaging Corporation of America是总部位于美国伊利诺伊州莱克福里斯特的制造企业，业务主要布局于美国本土，当前拥有约15500名员工，首席执行官为Mark W. Kowlzan。
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。
PKG vs TNET — 直观对比
营收规模更大
PKG
是对方的1.9倍
$1.2B
营收增速更快
PKG
高出12.8%
-2.2%
两年增速更快
PKG
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $170.9M | — |
| 毛利率 | 19.1% | — |
| 营业利润率 | 10.6% | 0.1% |
| 净利率 | 7.2% | — |
| 营收同比 | 10.6% | -2.2% |
| 净利润同比 | -16.1% | — |
| 每股收益（稀释后） | $1.91 | $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PKGTNET
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.1B | $1.2B |
净利润PKGTNET
| Q1 26 | $170.9M | — | ||
| Q4 25 | $101.9M | — | ||
| Q3 25 | $226.9M | $34.0M | ||
| Q2 25 | $241.5M | $37.0M | ||
| Q1 25 | $203.8M | $85.0M | ||
| Q4 24 | $221.2M | — | ||
| Q3 24 | $238.1M | $45.0M | ||
| Q2 24 | $198.9M | $60.0M |
毛利率PKGTNET
| Q1 26 | 19.1% | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 23.1% | — | ||
| Q2 24 | 21.1% | — |
营业利润率PKGTNET
| Q1 26 | 10.6% | — | ||
| Q4 25 | 7.1% | 0.1% | ||
| Q3 25 | 14.0% | 4.1% | ||
| Q2 25 | 15.4% | 4.1% | ||
| Q1 25 | 13.1% | 8.9% | ||
| Q4 24 | 14.1% | -2.9% | ||
| Q3 24 | 15.0% | 4.7% | ||
| Q2 24 | 13.3% | 6.5% |
净利率PKGTNET
| Q1 26 | 7.2% | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 9.8% | 2.8% | ||
| Q2 25 | 11.1% | 3.0% | ||
| Q1 25 | 9.5% | 6.6% | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 10.9% | 3.6% | ||
| Q2 24 | 9.6% | 4.9% |
每股收益（稀释后）PKGTNET
| Q1 26 | $1.91 | — | ||
| Q4 25 | $1.14 | $0.02 | ||
| Q3 25 | $2.51 | $0.70 | ||
| Q2 25 | $2.67 | $0.77 | ||
| Q1 25 | $2.26 | $1.71 | ||
| Q4 24 | $2.45 | $-0.44 | ||
| Q3 24 | $2.64 | $0.89 | ||
| Q2 24 | $2.21 | $1.20 |
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 | — | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $54.0M |
| 总资产 | — | $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PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | $529.0M | $287.0M | ||
| Q3 25 | $634.0M | $321.0M | ||
| Q2 25 | $787.9M | $407.0M | ||
| Q1 25 | $751.7M | $349.0M | ||
| Q4 24 | $685.0M | $360.0M | ||
| Q3 24 | $676.6M | $301.0M | ||
| Q2 24 | $613.6M | $249.0M |
总债务PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | — | — |
股东权益PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $54.0M | ||
| Q3 25 | $4.8B | $110.0M | ||
| Q2 25 | $4.6B | $107.0M | ||
| Q1 25 | $4.5B | $63.0M | ||
| Q4 24 | $4.4B | $69.0M | ||
| Q3 24 | $4.3B | $129.0M | ||
| Q2 24 | $4.1B | $100.0M |
总资产PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | $10.7B | $3.8B | ||
| Q3 25 | $11.0B | $3.4B | ||
| Q2 25 | $9.0B | $3.7B | ||
| Q1 25 | $9.0B | $3.8B | ||
| Q4 24 | $8.8B | $4.1B | ||
| Q3 24 | $8.8B | $3.7B | ||
| Q2 24 | $9.0B | $3.7B |
负债/权益比PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.57× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 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 | — | $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 | — | — |
| 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PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | $446.6M | $61.0M | ||
| Q3 25 | $472.2M | $72.0M | ||
| Q2 25 | $299.6M | $75.0M | ||
| Q1 25 | $339.1M | $95.0M | ||
| Q4 24 | $325.4M | $65.0M | ||
| Q3 24 | $327.1M | $84.0M | ||
| Q2 24 | $278.3M | $39.0M |
自由现金流PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | $127.6M | $43.0M | ||
| Q3 25 | $280.1M | $55.0M | ||
| Q2 25 | $129.9M | $57.0M | ||
| Q1 25 | $191.0M | $79.0M | ||
| Q4 24 | $124.1M | $47.0M | ||
| Q3 24 | $180.4M | $59.0M | ||
| Q2 24 | $33.3M | $22.0M |
自由现金流率PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 3.4% | ||
| Q3 25 | 12.1% | 4.5% | ||
| Q2 25 | 6.0% | 4.6% | ||
| Q1 25 | 8.9% | 6.1% | ||
| Q4 24 | 5.8% | 3.7% | ||
| Q3 24 | 8.3% | 4.8% | ||
| Q2 24 | 1.6% | 1.8% |
资本支出强度PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 1.4% | ||
| Q3 25 | 8.3% | 1.4% | ||
| Q2 25 | 7.8% | 1.5% | ||
| Q1 25 | 6.9% | 1.2% | ||
| Q4 24 | 9.4% | 1.4% | ||
| Q3 24 | 6.7% | 2.0% | ||
| Q2 24 | 11.8% | 1.4% |
现金转化率PKGTNET
| Q1 26 | — | — | ||
| Q4 25 | 4.38× | — | ||
| Q3 25 | 2.08× | 2.12× | ||
| Q2 25 | 1.24× | 2.03× | ||
| Q1 25 | 1.66× | 1.12× | ||
| Q4 24 | 1.47× | — | ||
| Q3 24 | 1.37× | 1.87× | ||
| Q2 24 | 1.40× | 0.65× |
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
PKG
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
