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Qorvo, Inc.（QRVO）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Qorvo, Inc.的1.3倍（$1.2B vs $993.0M），Qorvo, Inc.同比增速更快（8.4% vs -2.2%），Qorvo, Inc.自由现金流更多（$236.9M vs $43.0M），过去两年Qorvo, Inc.的营收复合增速更高（2.7% vs -0.6%）
Qorvo是一家美国跨国企业，专注于无线、有线及电源市场相关产品的研发与供应。该公司由TriQuint半导体与RF Micro Devices合并而来，合并计划于2014年公布，2015年1月1日正式完成，在纳斯达克挂牌上市，股票代码QRVO，原实行双总部制，2016年中起将北卡罗来纳州基地作为总部所在地。
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。
QRVO vs TNET — 直观对比
营收规模更大
TNET
是对方的1.3倍
$993.0M
营收增速更快
QRVO
高出10.6%
-2.2%
自由现金流更多
QRVO
多$193.9M
$43.0M
两年增速更快
QRVO
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $993.0M | $1.2B |
| 净利润 | $164.1M | — |
| 毛利率 | 46.7% | — |
| 营业利润率 | 19.4% | 0.1% |
| 净利率 | 16.5% | — |
| 营收同比 | 8.4% | -2.2% |
| 净利润同比 | 297.5% | — |
| 每股收益（稀释后） | $1.75 | $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QRVOTNET
| Q4 25 | $993.0M | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $818.8M | $1.2B | ||
| Q1 25 | $869.5M | $1.3B | ||
| Q4 24 | $916.3M | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $886.7M | $1.2B | ||
| Q1 24 | $941.0M | $1.3B |
净利润QRVOTNET
| Q4 25 | $164.1M | — | ||
| Q3 25 | $119.6M | $34.0M | ||
| Q2 25 | $25.6M | $37.0M | ||
| Q1 25 | $31.4M | $85.0M | ||
| Q4 24 | $41.3M | — | ||
| Q3 24 | $-17.4M | $45.0M | ||
| Q2 24 | $414.0K | $60.0M | ||
| Q1 24 | $2.7M | $91.0M |
毛利率QRVOTNET
| Q4 25 | 46.7% | — | ||
| Q3 25 | 47.0% | — | ||
| Q2 25 | 40.5% | — | ||
| Q1 25 | 42.2% | — | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 42.6% | — | ||
| Q2 24 | 37.5% | — | ||
| Q1 24 | 40.6% | — |
营业利润率QRVOTNET
| Q4 25 | 19.4% | 0.1% | ||
| Q3 25 | 14.9% | 4.1% | ||
| Q2 25 | 3.7% | 4.1% | ||
| Q1 25 | 3.2% | 8.9% | ||
| Q4 24 | 5.8% | -2.9% | ||
| Q3 24 | 0.9% | 4.7% | ||
| Q2 24 | 0.5% | 6.5% | ||
| Q1 24 | 3.2% | 9.7% |
净利率QRVOTNET
| Q4 25 | 16.5% | — | ||
| Q3 25 | 11.3% | 2.8% | ||
| Q2 25 | 3.1% | 3.0% | ||
| Q1 25 | 3.6% | 6.6% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | -1.7% | 3.6% | ||
| Q2 24 | 0.0% | 4.9% | ||
| Q1 24 | 0.3% | 7.2% |
每股收益（稀释后）QRVOTNET
| Q4 25 | $1.75 | $0.02 | ||
| Q3 25 | $1.28 | $0.70 | ||
| Q2 25 | $0.27 | $0.77 | ||
| Q1 25 | $0.33 | $1.71 | ||
| Q4 24 | $0.43 | $-0.44 | ||
| Q3 24 | $-0.18 | $0.89 | ||
| Q2 24 | $0.00 | $1.20 | ||
| Q1 24 | $0.04 | $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 | $1.3B | $287.0M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.7B | $54.0M |
| 总资产 | $6.2B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
现金及短期投资QRVOTNET
| Q4 25 | $1.3B | $287.0M | ||
| Q3 25 | $1.1B | $321.0M | ||
| Q2 25 | $1.2B | $407.0M | ||
| Q1 25 | $1.0B | $349.0M | ||
| Q4 24 | $769.4M | $360.0M | ||
| Q3 24 | $1.1B | $301.0M | ||
| Q2 24 | $1.1B | $249.0M | ||
| Q1 24 | $1.0B | $383.0M |
总债务QRVOTNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益QRVOTNET
| Q4 25 | $3.7B | $54.0M | ||
| Q3 25 | $3.5B | $110.0M | ||
| Q2 25 | $3.4B | $107.0M | ||
| Q1 25 | $3.4B | $63.0M | ||
| Q4 24 | $3.4B | $69.0M | ||
| Q3 24 | $3.4B | $129.0M | ||
| Q2 24 | $3.5B | $100.0M | ||
| Q1 24 | $3.6B | $143.0M |
总资产QRVOTNET
| Q4 25 | $6.2B | $3.8B | ||
| Q3 25 | $6.1B | $3.4B | ||
| Q2 25 | $6.0B | $3.7B | ||
| Q1 25 | $5.9B | $3.8B | ||
| Q4 24 | $6.0B | $4.1B | ||
| Q3 24 | $6.5B | $3.7B | ||
| Q2 24 | $6.4B | $3.7B | ||
| Q1 24 | $6.6B | $4.0B |
负债/权益比QRVOTNET
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.45× | — | ||
| Q2 24 | 0.44× | — | ||
| Q1 24 | 0.44× | — |
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 | $265.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $236.9M | $43.0M |
| 自由现金流率自由现金流/营收 | 23.9% | 3.4% |
| 资本支出强度资本支出/营收 | 2.9% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.62× | — |
| 过去12个月自由现金流最近4个季度 | $595.2M | $234.0M |
8季度趋势，按日历期对齐
经营现金流QRVOTNET
| Q4 25 | $265.4M | $61.0M | ||
| Q3 25 | $84.0M | $72.0M | ||
| Q2 25 | $182.9M | $75.0M | ||
| Q1 25 | $199.2M | $95.0M | ||
| Q4 24 | $214.1M | $65.0M | ||
| Q3 24 | $127.8M | $84.0M | ||
| Q2 24 | $81.1M | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流QRVOTNET
| Q4 25 | $236.9M | $43.0M | ||
| Q3 25 | $42.2M | $55.0M | ||
| Q2 25 | $145.4M | $57.0M | ||
| Q1 25 | $170.7M | $79.0M | ||
| Q4 24 | $176.2M | $47.0M | ||
| Q3 24 | $94.8M | $59.0M | ||
| Q2 24 | $42.9M | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率QRVOTNET
| Q4 25 | 23.9% | 3.4% | ||
| Q3 25 | 4.0% | 4.5% | ||
| Q2 25 | 17.8% | 4.6% | ||
| Q1 25 | 19.6% | 6.1% | ||
| Q4 24 | 19.2% | 3.7% | ||
| Q3 24 | 9.1% | 4.8% | ||
| Q2 24 | 4.8% | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度QRVOTNET
| Q4 25 | 2.9% | 1.4% | ||
| Q3 25 | 3.9% | 1.4% | ||
| Q2 25 | 4.6% | 1.5% | ||
| Q1 25 | 3.3% | 1.2% | ||
| Q4 24 | 4.1% | 1.4% | ||
| Q3 24 | 3.2% | 2.0% | ||
| Q2 24 | 4.3% | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率QRVOTNET
| Q4 25 | 1.62× | — | ||
| Q3 25 | 0.70× | 2.12× | ||
| Q2 25 | 7.15× | 2.03× | ||
| Q1 25 | 6.35× | 1.12× | ||
| Q4 24 | 5.19× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 195.86× | 0.65× | ||
| Q1 24 | — | 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
QRVO
| ACG | $690.8M | 70% |
| HPA | $190.9M | 19% |
| CSG | $111.3M | 11% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
