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奇富科技（QFIN）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.的季度营收约是奇富科技的1.7倍（$1.2B vs $731.2M），过去两年奇富科技的营收复合增速更高（16.4% vs -0.6%）
奇富科技（原360数科）是中国头部金融科技企业，主要为持牌金融机构提供智能风控、信贷技术解决方案，服务广大个人消费者及中小微企业，依托大数据、人工智能技术提升金融服务的普惠性与运营效率。
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。
QFIN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.7倍
$731.2M
两年增速更快
QFIN
近两年复合增速
-0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $731.2M | $1.2B |
| 净利润 | $201.2M | — |
| 毛利率 | — | — |
| 营业利润率 | 32.7% | 0.1% |
| 净利率 | 27.5% | — |
| 营收同比 | — | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $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QFINTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $731.2M | $1.2B | ||
| Q2 25 | $728.1M | $1.2B | ||
| Q1 25 | $646.4M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $622.7M | $1.2B | ||
| Q2 24 | $572.4M | $1.2B | ||
| Q1 24 | $575.2M | $1.3B |
净利润QFINTNET
| Q4 25 | — | — | ||
| Q3 25 | $201.2M | $34.0M | ||
| Q2 25 | $241.6M | $37.0M | ||
| Q1 25 | $247.6M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $256.3M | $45.0M | ||
| Q2 24 | $189.4M | $60.0M | ||
| Q1 24 | $160.7M | $91.0M |
营业利润率QFINTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 32.7% | 4.1% | ||
| Q2 25 | 41.0% | 4.1% | ||
| Q1 25 | 42.1% | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | 52.4% | 4.7% | ||
| Q2 24 | 47.7% | 6.5% | ||
| Q1 24 | 32.8% | 9.7% |
净利率QFINTNET
| Q4 25 | — | — | ||
| Q3 25 | 27.5% | 2.8% | ||
| Q2 25 | 33.2% | 3.0% | ||
| Q1 25 | 38.3% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.2% | 3.6% | ||
| Q2 24 | 33.1% | 4.9% | ||
| Q1 24 | 27.9% | 7.2% |
每股收益（稀释后）QFINTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | — | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | — | $-0.44 | ||
| Q3 24 | — | $0.89 | ||
| Q2 24 | — | $1.20 | ||
| Q1 24 | — | $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 | $6.5B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.3B | $54.0M |
| 总资产 | $61.4B | $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QFINTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $6.5B | $321.0M | ||
| Q2 25 | $5.3B | $407.0M | ||
| Q1 25 | $8.6B | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $4.3B | $301.0M | ||
| Q2 24 | $6.3B | $249.0M | ||
| Q1 24 | $5.3B | $383.0M |
股东权益QFINTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $24.3B | $110.0M | ||
| Q2 25 | $24.1B | $107.0M | ||
| Q1 25 | $23.1B | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | $22.9B | $129.0M | ||
| Q2 24 | $22.6B | $100.0M | ||
| Q1 24 | $22.1B | $143.0M |
总资产QFINTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $61.4B | $3.4B | ||
| Q2 25 | $59.8B | $3.7B | ||
| Q1 25 | $55.6B | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $47.0B | $3.7B | ||
| Q2 24 | $47.0B | $3.7B | ||
| Q1 24 | $47.4B | $4.0B |
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 | $351.4M | $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 | 1.75× | — |
| 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QFINTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $351.4M | $72.0M | ||
| Q2 25 | $366.0M | $75.0M | ||
| Q1 25 | $386.6M | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | $338.0M | $84.0M | ||
| Q2 24 | $269.9M | $39.0M | ||
| Q1 24 | $271.2M | $91.0M |
自由现金流QFINTNET
| 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QFINTNET
| 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QFINTNET
| 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QFINTNET
| Q4 25 | — | — | ||
| Q3 25 | 1.75× | 2.12× | ||
| Q2 25 | 1.52× | 2.03× | ||
| Q1 25 | 1.56× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.32× | 1.87× | ||
| Q2 24 | 1.43× | 0.65× | ||
| Q1 24 | 1.69× | 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
QFIN
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
