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普尔斯马特（PSMT）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
普尔斯马特的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），普尔斯马特同比增速更快（9.9% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $32.6M），过去两年普尔斯马特的营收复合增速更高（3.5% vs -0.6%）
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
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。
PSMT vs TNET — 直观对比
营收规模更大
PSMT
是对方的1.1倍
$1.2B
营收增速更快
PSMT
高出12.1%
-2.2%
自由现金流更多
TNET
多$10.4M
$32.6M
两年增速更快
PSMT
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $40.2M | — |
| 毛利率 | 17.7% | — |
| 营业利润率 | 4.6% | 0.1% |
| 净利率 | 2.9% | — |
| 营收同比 | 9.9% | -2.2% |
| 净利润同比 | 7.3% | — |
| 每股收益（稀释后） | $1.29 | $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PSMTTNET
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.3B | $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 | $1.3B | $1.3B |
净利润PSMTTNET
| Q4 25 | $40.2M | — | ||
| Q3 25 | $31.5M | $34.0M | ||
| Q2 25 | $35.2M | $37.0M | ||
| Q1 25 | $43.8M | $85.0M | ||
| Q4 24 | $37.4M | — | ||
| Q3 24 | $29.1M | $45.0M | ||
| Q2 24 | $32.5M | $60.0M | ||
| Q1 24 | $39.3M | $91.0M |
毛利率PSMTTNET
| Q4 25 | 17.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 17.4% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率PSMTTNET
| Q4 25 | 4.6% | 0.1% | ||
| Q3 25 | 4.0% | 4.1% | ||
| Q2 25 | 4.3% | 4.1% | ||
| Q1 25 | 4.8% | 8.9% | ||
| Q4 24 | 4.6% | -2.9% | ||
| Q3 24 | 4.0% | 4.7% | ||
| Q2 24 | 4.1% | 6.5% | ||
| Q1 24 | 4.9% | 9.7% |
净利率PSMTTNET
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.4% | 2.8% | ||
| Q2 25 | 2.7% | 3.0% | ||
| Q1 25 | 3.2% | 6.6% | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.4% | 3.6% | ||
| Q2 24 | 2.6% | 4.9% | ||
| Q1 24 | 3.0% | 7.2% |
每股收益（稀释后）PSMTTNET
| Q4 25 | $1.29 | $0.02 | ||
| Q3 25 | $1.02 | $0.70 | ||
| Q2 25 | $1.14 | $0.77 | ||
| Q1 25 | $1.45 | $1.71 | ||
| Q4 24 | $1.21 | $-0.44 | ||
| Q3 24 | $0.94 | $0.89 | ||
| Q2 24 | $1.08 | $1.20 | ||
| Q1 24 | $1.31 | $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 | $320.6M | $287.0M |
| 总债务越低越好 | $180.3M | — |
| 股东权益账面价值 | $1.3B | $54.0M |
| 总资产 | $2.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.14× | — |
8季度趋势，按日历期对齐
现金及短期投资PSMTTNET
| Q4 25 | $320.6M | $287.0M | ||
| Q3 25 | $314.2M | $321.0M | ||
| Q2 25 | $262.4M | $407.0M | ||
| Q1 25 | $247.3M | $349.0M | ||
| Q4 24 | $222.2M | $360.0M | ||
| Q3 24 | $225.5M | $301.0M | ||
| Q2 24 | $228.2M | $249.0M | ||
| Q1 24 | $264.2M | $383.0M |
总债务PSMTTNET
| Q4 25 | $180.3M | — | ||
| Q3 25 | $186.6M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $107.1M | — | ||
| Q4 24 | $115.6M | — | ||
| Q3 24 | $130.4M | — | ||
| Q2 24 | $135.1M | — | ||
| Q1 24 | $140.0M | — |
股东权益PSMTTNET
| Q4 25 | $1.3B | $54.0M | ||
| Q3 25 | $1.2B | $110.0M | ||
| Q2 25 | $1.2B | $107.0M | ||
| Q1 25 | $1.2B | $63.0M | ||
| Q4 24 | $1.2B | $69.0M | ||
| Q3 24 | $1.1B | $129.0M | ||
| Q2 24 | $1.1B | $100.0M | ||
| Q1 24 | $1.1B | $143.0M |
总资产PSMTTNET
| Q4 25 | $2.4B | $3.8B | ||
| Q3 25 | $2.3B | $3.4B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.1B | $4.1B | ||
| Q3 24 | $2.0B | $3.7B | ||
| Q2 24 | $2.0B | $3.7B | ||
| Q1 24 | $2.0B | $4.0B |
负债/权益比PSMTTNET
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | 0.12× | — | ||
| Q2 24 | 0.12× | — | ||
| Q1 24 | 0.13× | — |
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 | $71.2M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $32.6M | $43.0M |
| 自由现金流率自由现金流/营收 | 2.4% | 3.4% |
| 资本支出强度资本支出/营收 | 2.8% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.77× | — |
| 过去12个月自由现金流最近4个季度 | $125.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流PSMTTNET
| Q4 25 | $71.2M | $61.0M | ||
| Q3 25 | $82.1M | $72.0M | ||
| Q2 25 | $52.8M | $75.0M | ||
| Q1 25 | $87.9M | $95.0M | ||
| Q4 24 | $38.5M | $65.0M | ||
| Q3 24 | $41.8M | $84.0M | ||
| Q2 24 | $38.1M | $39.0M | ||
| Q1 24 | $86.6M | $91.0M |
自由现金流PSMTTNET
| Q4 25 | $32.6M | $43.0M | ||
| Q3 25 | $25.6M | $55.0M | ||
| Q2 25 | $14.0M | $57.0M | ||
| Q1 25 | $53.2M | $79.0M | ||
| Q4 24 | $10.3M | $47.0M | ||
| Q3 24 | $15.2M | $59.0M | ||
| Q2 24 | $-308.0K | $22.0M | ||
| Q1 24 | $16.4M | $73.0M |
自由现金流率PSMTTNET
| Q4 25 | 2.4% | 3.4% | ||
| Q3 25 | 1.9% | 4.5% | ||
| Q2 25 | 1.1% | 4.6% | ||
| Q1 25 | 3.9% | 6.1% | ||
| Q4 24 | 0.8% | 3.7% | ||
| Q3 24 | 1.2% | 4.8% | ||
| Q2 24 | -0.0% | 1.8% | ||
| Q1 24 | 1.3% | 5.8% |
资本支出强度PSMTTNET
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 4.2% | 1.4% | ||
| Q2 25 | 2.9% | 1.5% | ||
| Q1 25 | 2.5% | 1.2% | ||
| Q4 24 | 2.2% | 1.4% | ||
| Q3 24 | 2.2% | 2.0% | ||
| Q2 24 | 3.1% | 1.4% | ||
| Q1 24 | 5.4% | 1.4% |
现金转化率PSMTTNET
| Q4 25 | 1.77× | — | ||
| Q3 25 | 2.60× | 2.12× | ||
| Q2 25 | 1.50× | 2.03× | ||
| Q1 25 | 2.01× | 1.12× | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.44× | 1.87× | ||
| Q2 24 | 1.17× | 0.65× | ||
| Q1 24 | 2.20× | 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
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
