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先锋自然资源公司（PR）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.的季度营收约是先锋自然资源公司的1.1倍（$1.2B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -9.8%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -3.0%）
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
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。
PR vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.2B
营收增速更快
TNET
高出7.6%
-9.8%
两年增速更快
TNET
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $339.5M | — |
| 毛利率 | — | — |
| 营业利润率 | 23.1% | 0.1% |
| 净利率 | 29.0% | — |
| 营收同比 | -9.8% | -2.2% |
| 净利润同比 | 56.7% | — |
| 每股收益（稀释后） | $0.48 | $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PRTNET
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.3B |
净利润PRTNET
| Q4 25 | $339.5M | — | ||
| Q3 25 | $59.2M | $34.0M | ||
| Q2 25 | $207.1M | $37.0M | ||
| Q1 25 | $329.3M | $85.0M | ||
| Q4 24 | $216.7M | — | ||
| Q3 24 | $386.4M | $45.0M | ||
| Q2 24 | $235.1M | $60.0M | ||
| Q1 24 | $146.6M | $91.0M |
营业利润率PRTNET
| Q4 25 | 23.1% | 0.1% | ||
| Q3 25 | 29.6% | 4.1% | ||
| Q2 25 | 24.8% | 4.1% | ||
| Q1 25 | 36.6% | 8.9% | ||
| Q4 24 | 32.8% | -2.9% | ||
| Q3 24 | 32.5% | 4.7% | ||
| Q2 24 | 36.5% | 6.5% | ||
| Q1 24 | 37.7% | 9.7% |
净利率PRTNET
| Q4 25 | 29.0% | — | ||
| Q3 25 | 4.5% | 2.8% | ||
| Q2 25 | 17.3% | 3.0% | ||
| Q1 25 | 23.9% | 6.6% | ||
| Q4 24 | 16.7% | — | ||
| Q3 24 | 31.8% | 3.6% | ||
| Q2 24 | 18.9% | 4.9% | ||
| Q1 24 | 11.8% | 7.2% |
每股收益（稀释后）PRTNET
| Q4 25 | $0.48 | $0.02 | ||
| Q3 25 | $0.08 | $0.70 | ||
| Q2 25 | $0.28 | $0.77 | ||
| Q1 25 | $0.44 | $1.71 | ||
| Q4 24 | $0.31 | $-0.44 | ||
| Q3 24 | $0.53 | $0.89 | ||
| Q2 24 | $0.36 | $1.20 | ||
| Q1 24 | $0.25 | $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 | $153.7M | $287.0M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $10.3B | $54.0M |
| 总资产 | $17.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资PRTNET
| Q4 25 | $153.7M | $287.0M | ||
| Q3 25 | $111.8M | $321.0M | ||
| Q2 25 | $451.0M | $407.0M | ||
| Q1 25 | $702.2M | $349.0M | ||
| Q4 24 | $479.3M | $360.0M | ||
| Q3 24 | $272.0M | $301.0M | ||
| Q2 24 | $47.8M | $249.0M | ||
| Q1 24 | $12.7M | $383.0M |
总债务PRTNET
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | — |
股东权益PRTNET
| Q4 25 | $10.3B | $54.0M | ||
| Q3 25 | $10.0B | $110.0M | ||
| Q2 25 | $9.5B | $107.0M | ||
| Q1 25 | $9.4B | $63.0M | ||
| Q4 24 | $9.1B | $69.0M | ||
| Q3 24 | $9.0B | $129.0M | ||
| Q2 24 | $8.3B | $100.0M | ||
| Q1 24 | $7.0B | $143.0M |
总资产PRTNET
| Q4 25 | $17.9B | $3.8B | ||
| Q3 25 | $17.3B | $3.4B | ||
| Q2 25 | $17.5B | $3.7B | ||
| Q1 25 | $17.1B | $3.8B | ||
| Q4 24 | $16.9B | $4.1B | ||
| Q3 24 | $16.6B | $3.7B | ||
| Q2 24 | $15.4B | $3.7B | ||
| Q1 24 | $15.1B | $4.0B |
负债/权益比PRTNET
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.56× | — |
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 | $904.3M | $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 | 2.66× | — |
| 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PRTNET
| Q4 25 | $904.3M | $61.0M | ||
| Q3 25 | $766.5M | $72.0M | ||
| Q2 25 | $1.0B | $75.0M | ||
| Q1 25 | $898.0M | $95.0M | ||
| Q4 24 | $871.6M | $65.0M | ||
| Q3 24 | $954.4M | $84.0M | ||
| Q2 24 | $938.4M | $39.0M | ||
| Q1 24 | $647.6M | $91.0M |
自由现金流PRTNET
| 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PRTNET
| 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PRTNET
| 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PRTNET
| Q4 25 | 2.66× | — | ||
| Q3 25 | 12.94× | 2.12× | ||
| Q2 25 | 5.01× | 2.03× | ||
| Q1 25 | 2.73× | 1.12× | ||
| Q4 24 | 4.02× | — | ||
| Q3 24 | 2.47× | 1.87× | ||
| Q2 24 | 3.99× | 0.65× | ||
| Q1 24 | 4.42× | 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
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
