vs
Primo Brands Corp（PRMB）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
Primo Brands Corp的季度营收约是TRINET GROUP, INC.的1.2倍（$1.6B vs $1.2B），Primo Brands Corp自由现金流更多（$57.3M vs $43.0M）
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
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。
PRMB vs TNET — 直观对比
营收规模更大
PRMB
是对方的1.2倍
$1.2B
自由现金流更多
PRMB
多$14.3M
$43.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $-13.0M | — |
| 毛利率 | 27.7% | — |
| 营业利润率 | 1.2% | 0.1% |
| 净利率 | -0.8% | — |
| 营收同比 | — | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.03 | $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PRMBTNET
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $0 | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
净利润PRMBTNET
| Q4 25 | $-13.0M | — | ||
| Q3 25 | $16.8M | $34.0M | ||
| Q2 25 | $27.6M | $37.0M | ||
| Q1 25 | $28.7M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.0K | $45.0M | ||
| Q2 24 | $54.5M | $60.0M | ||
| Q1 24 | $33.5M | $91.0M |
毛利率PRMBTNET
| Q4 25 | 27.7% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 31.3% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 32.7% | — | ||
| Q1 24 | 30.4% | — |
营业利润率PRMBTNET
| Q4 25 | 1.2% | 0.1% | ||
| Q3 25 | 8.3% | 4.1% | ||
| Q2 25 | 6.5% | 4.1% | ||
| Q1 25 | 9.5% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | 12.1% | 6.5% | ||
| Q1 24 | 11.0% | 9.7% |
净利率PRMBTNET
| Q4 25 | -0.8% | — | ||
| Q3 25 | 1.0% | 2.8% | ||
| Q2 25 | 1.6% | 3.0% | ||
| Q1 25 | 1.8% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | 4.1% | 4.9% | ||
| Q1 24 | 2.9% | 7.2% |
每股收益（稀释后）PRMBTNET
| Q4 25 | $-0.03 | $0.02 | ||
| Q3 25 | $0.04 | $0.70 | ||
| Q2 25 | $0.07 | $0.77 | ||
| Q1 25 | $0.08 | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | $-20.00 | $0.89 | ||
| Q2 24 | $0.25 | $1.20 | ||
| Q1 24 | $0.15 | $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 | $376.7M | $287.0M |
| 总债务越低越好 | $5.2B | — |
| 股东权益账面价值 | $3.0B | $54.0M |
| 总资产 | $10.6B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.72× | — |
8季度趋势，按日历期对齐
现金及短期投资PRMBTNET
| Q4 25 | $376.7M | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务PRMBTNET
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $5.1B | — | ||
| Q1 25 | $5.0B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PRMBTNET
| Q4 25 | $3.0B | $54.0M | ||
| Q3 25 | $3.2B | $110.0M | ||
| Q2 25 | $3.2B | $107.0M | ||
| Q1 25 | $3.3B | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $-2.0K | $129.0M | ||
| Q2 24 | $-296.8M | $100.0M | ||
| Q1 24 | $-349.8M | $143.0M |
总资产PRMBTNET
| Q4 25 | $10.6B | $3.8B | ||
| Q3 25 | $11.0B | $3.4B | ||
| Q2 25 | $11.0B | $3.7B | ||
| Q1 25 | $11.0B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $0 | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $4.0B |
负债/权益比PRMBTNET
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.57× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | — | ||
| 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 | $203.1M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $57.3M | $43.0M |
| 自由现金流率自由现金流/营收 | 3.7% | 3.4% |
| 资本支出强度资本支出/营收 | 9.4% | 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 | $302.9M | $234.0M |
8季度趋势，按日历期对齐
经营现金流PRMBTNET
| Q4 25 | $203.1M | $61.0M | ||
| Q3 25 | $283.4M | $72.0M | ||
| Q2 25 | $155.0M | $75.0M | ||
| Q1 25 | $38.8M | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $0 | $84.0M | ||
| Q2 24 | $102.5M | $39.0M | ||
| Q1 24 | $6.0M | $91.0M |
自由现金流PRMBTNET
| Q4 25 | $57.3M | $43.0M | ||
| Q3 25 | $167.7M | $55.0M | ||
| Q2 25 | $101.1M | $57.0M | ||
| Q1 25 | $-23.2M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | $61.4M | $22.0M | ||
| Q1 24 | $-17.5M | $73.0M |
自由现金流率PRMBTNET
| Q4 25 | 3.7% | 3.4% | ||
| Q3 25 | 9.5% | 4.5% | ||
| Q2 25 | 5.8% | 4.6% | ||
| Q1 25 | -1.4% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | 4.7% | 1.8% | ||
| Q1 24 | -1.5% | 5.8% |
资本支出强度PRMBTNET
| Q4 25 | 9.4% | 1.4% | ||
| Q3 25 | 6.6% | 1.4% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | 3.8% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 3.1% | 1.4% | ||
| Q1 24 | 2.1% | 1.4% |
现金转化率PRMBTNET
| Q4 25 | — | — | ||
| Q3 25 | 16.87× | 2.12× | ||
| Q2 25 | 5.62× | 2.03× | ||
| Q1 25 | 1.35× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 1.88× | 0.65× | ||
| Q1 24 | 0.18× | 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
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
