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帕森斯公司（PSN）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
帕森斯公司的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），帕森斯公司同比增速更快（3.0% vs -2.2%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -5.5%）
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
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。
PSN vs TNET — 直观对比
营收规模更大
PSN
是对方的1.2倍
$1.2B
营收增速更快
PSN
高出5.1%
-2.2%
两年增速更快
TNET
近两年复合增速
-5.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $52.9M | — |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 0.1% |
| 净利率 | 3.5% | — |
| 营收同比 | 3.0% | -2.2% |
| 净利润同比 | -20.1% | — |
| 每股收益（稀释后） | $0.49 | $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PSNTNET
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B |
净利润PSNTNET
| Q1 26 | $52.9M | — | ||
| Q4 25 | $55.6M | — | ||
| Q3 25 | $64.1M | $34.0M | ||
| Q2 25 | $55.2M | $37.0M | ||
| Q1 25 | $66.2M | $85.0M | ||
| Q4 24 | $201.3M | — | ||
| Q3 24 | $72.0M | $45.0M | ||
| Q2 24 | $69.2M | $60.0M |
毛利率PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | — | ||
| Q3 25 | 22.2% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 21.3% | — | ||
| Q3 24 | 19.9% | — | ||
| Q2 24 | 21.0% | — |
营业利润率PSNTNET
| Q1 26 | 6.4% | — | ||
| Q4 25 | 6.6% | 0.1% | ||
| Q3 25 | 6.7% | 4.1% | ||
| Q2 25 | 6.0% | 4.1% | ||
| Q1 25 | 7.0% | 8.9% | ||
| Q4 24 | 5.8% | -2.9% | ||
| Q3 24 | 6.4% | 4.7% | ||
| Q2 24 | 6.7% | 6.5% |
净利率PSNTNET
| Q1 26 | 3.5% | — | ||
| Q4 25 | 3.5% | — | ||
| Q3 25 | 4.0% | 2.8% | ||
| Q2 25 | 3.5% | 3.0% | ||
| Q1 25 | 4.3% | 6.6% | ||
| Q4 24 | 11.6% | — | ||
| Q3 24 | 4.0% | 3.6% | ||
| Q2 24 | 4.1% | 4.9% |
每股收益（稀释后）PSNTNET
| Q1 26 | $0.49 | — | ||
| Q4 25 | $0.51 | $0.02 | ||
| Q3 25 | $0.59 | $0.70 | ||
| Q2 25 | $0.50 | $0.77 | ||
| Q1 25 | $0.60 | $1.71 | ||
| Q4 24 | $1.85 | $-0.44 | ||
| Q3 24 | $0.65 | $0.89 | ||
| Q2 24 | $0.63 | $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 | $1.5B | — |
| 股东权益账面价值 | $2.8B | $54.0M |
| 总资产 | $6.0B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | $466.4M | $287.0M | ||
| Q3 25 | $422.6M | $321.0M | ||
| Q2 25 | $411.3M | $407.0M | ||
| Q1 25 | $269.7M | $349.0M | ||
| Q4 24 | $453.5M | $360.0M | ||
| Q3 24 | $558.8M | $301.0M | ||
| Q2 24 | $528.5M | $249.0M |
总债务PSNTNET
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $785.2M | — | ||
| Q4 24 | $784.1M | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — |
股东权益PSNTNET
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $54.0M | ||
| Q3 25 | $2.6B | $110.0M | ||
| Q2 25 | $2.5B | $107.0M | ||
| Q1 25 | $2.5B | $63.0M | ||
| Q4 24 | $2.4B | $69.0M | ||
| Q3 24 | $2.3B | $129.0M | ||
| Q2 24 | $2.2B | $100.0M |
总资产PSNTNET
| Q1 26 | $6.0B | — | ||
| Q4 25 | $5.8B | $3.8B | ||
| Q3 25 | $5.7B | $3.4B | ||
| Q2 25 | $5.7B | $3.7B | ||
| Q1 25 | $5.4B | $3.8B | ||
| Q4 24 | $5.5B | $4.1B | ||
| Q3 24 | $5.4B | $3.7B | ||
| Q2 24 | $5.2B | $3.7B |
负债/权益比PSNTNET
| Q1 26 | 0.55× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.49× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.49× | — | ||
| Q2 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 | — | $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PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | $167.5M | $61.0M | ||
| Q3 25 | $162.8M | $72.0M | ||
| Q2 25 | $159.8M | $75.0M | ||
| Q1 25 | $-11.8M | $95.0M | ||
| Q4 24 | $126.8M | $65.0M | ||
| Q3 24 | $299.0M | $84.0M | ||
| Q2 24 | $161.2M | $39.0M |
自由现金流PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | $135.6M | $43.0M | ||
| Q3 25 | $149.7M | $55.0M | ||
| Q2 25 | $150.4M | $57.0M | ||
| Q1 25 | $-25.3M | $79.0M | ||
| Q4 24 | $108.0M | $47.0M | ||
| Q3 24 | $287.3M | $59.0M | ||
| Q2 24 | $152.0M | $22.0M |
自由现金流率PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | 3.4% | ||
| Q3 25 | 9.2% | 4.5% | ||
| Q2 25 | 9.5% | 4.6% | ||
| Q1 25 | -1.6% | 6.1% | ||
| Q4 24 | 6.2% | 3.7% | ||
| Q3 24 | 15.9% | 4.8% | ||
| Q2 24 | 9.1% | 1.8% |
资本支出强度PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 1.4% | ||
| Q3 25 | 0.8% | 1.4% | ||
| Q2 25 | 0.6% | 1.5% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 0.6% | 1.4% |
现金转化率PSNTNET
| Q1 26 | — | — | ||
| Q4 25 | 3.01× | — | ||
| Q3 25 | 2.54× | 2.12× | ||
| Q2 25 | 2.89× | 2.03× | ||
| Q1 25 | -0.18× | 1.12× | ||
| Q4 24 | 0.63× | — | ||
| Q3 24 | 4.16× | 1.87× | ||
| Q2 24 | 2.33× | 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
PSN
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
