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QXO, Inc.（QXO）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
QXO, Inc.的季度营收约是TRINET GROUP, INC.的1.8倍（$2.2B vs $1.2B），QXO, Inc.同比增速更快（14782.6% vs -2.2%）
QXO Inc.是一家活跃于相关商业领域的企业，由美国资深商界人士布拉德·雅各布斯担任公司董事长兼首席执行官，全面主导公司的战略规划、业务布局与日常经营决策事务。
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。
QXO vs TNET — 直观对比
营收规模更大
QXO
是对方的1.8倍
$1.2B
营收增速更快
QXO
高出14784.8%
-2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $-90.3M | — |
| 毛利率 | — | — |
| 营业利润率 | -3.2% | 0.1% |
| 净利率 | -4.1% | — |
| 营收同比 | 14782.6% | -2.2% |
| 净利润同比 | -899.4% | — |
| 每股收益（稀释后） | $-0.21 | $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QXOTNET
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.3B |
净利润QXOTNET
| Q4 25 | $-90.3M | — | ||
| Q3 25 | $-139.4M | $34.0M | ||
| Q2 25 | $-58.5M | $37.0M | ||
| Q1 25 | — | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $60.0M | ||
| Q1 24 | — | $91.0M |
毛利率QXOTNET
| Q4 25 | — | — | ||
| Q3 25 | 23.3% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率QXOTNET
| Q4 25 | -3.2% | 0.1% | ||
| Q3 25 | 0.9% | 4.1% | ||
| Q2 25 | -8.5% | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | -2.9% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 6.5% | ||
| Q1 24 | — | 9.7% |
净利率QXOTNET
| Q4 25 | -4.1% | — | ||
| Q3 25 | -5.1% | 2.8% | ||
| Q2 25 | -3.1% | 3.0% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 7.2% |
每股收益（稀释后）QXOTNET
| Q4 25 | $-0.21 | $0.02 | ||
| Q3 25 | $-0.24 | $0.70 | ||
| Q2 25 | $-0.15 | $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 | $2.4B | $287.0M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $9.7B | $54.0M |
| 总资产 | $15.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资QXOTNET
| Q4 25 | $2.4B | $287.0M | ||
| Q3 25 | $2.3B | $321.0M | ||
| Q2 25 | $2.3B | $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QXOTNET
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益QXOTNET
| Q4 25 | $9.7B | $54.0M | ||
| Q3 25 | $9.8B | $110.0M | ||
| Q2 25 | $9.9B | $107.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $129.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $143.0M |
总资产QXOTNET
| Q4 25 | $15.9B | $3.8B | ||
| Q3 25 | $16.6B | $3.4B | ||
| Q2 25 | $17.1B | $3.7B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $4.0B |
负债/权益比QXOTNET
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | — | — | ||
| 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 | $186.6M | $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QXOTNET
| Q4 25 | $186.6M | $61.0M | ||
| Q3 25 | $212.5M | $72.0M | ||
| Q2 25 | $-174.2M | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | — | $65.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流QXOTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $182.4M | $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QXOTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | 6.7% | 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QXOTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.1% | 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QXOTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 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
QXO
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
