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RESIDEO TECHNOLOGIES, INC.（REZI）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
RESIDEO TECHNOLOGIES, INC.的季度营收约是TRINET GROUP, INC.的1.5倍（$1.9B vs $1.2B），RESIDEO TECHNOLOGIES, INC.同比增速更快（2.0% vs -2.2%），RESIDEO TECHNOLOGIES, INC.自由现金流更多（$262.0M vs $43.0M），过去两年RESIDEO TECHNOLOGIES, INC.的营收复合增速更高（12.9% vs -0.6%）
Resideo Technologies是2018年从霍尼韦尔分拆成立的美国跨国企业，主营住宅场景的温控、空气质量调节、湿度控制及安防系统，业务覆盖美国及全球市场。公司下设产品、分销两大业务板块，生产销售温度照明控制、安防、水气监测等智能家居硬件及配套软件产品。
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。
REZI vs TNET — 直观对比
营收规模更大
REZI
是对方的1.5倍
$1.2B
营收增速更快
REZI
高出4.2%
-2.2%
自由现金流更多
REZI
多$219.0M
$43.0M
两年增速更快
REZI
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $136.0M | — |
| 毛利率 | 29.6% | — |
| 营业利润率 | 7.4% | 0.1% |
| 净利率 | 7.2% | — |
| 营收同比 | 2.0% | -2.2% |
| 净利润同比 | 491.3% | — |
| 每股收益（稀释后） | $0.99 | $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REZITNET
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
净利润REZITNET
| Q4 25 | $136.0M | — | ||
| Q3 25 | $156.0M | $34.0M | ||
| Q2 25 | $-825.0M | $37.0M | ||
| Q1 25 | $6.0M | $85.0M | ||
| Q4 24 | $23.0M | — | ||
| Q3 24 | $20.0M | $45.0M | ||
| Q2 24 | $30.0M | $60.0M | ||
| Q1 24 | $43.0M | $91.0M |
毛利率REZITNET
| Q4 25 | 29.6% | — | ||
| Q3 25 | 29.8% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 28.1% | — | ||
| Q1 24 | 26.9% | — |
营业利润率REZITNET
| Q4 25 | 7.4% | 0.1% | ||
| Q3 25 | 8.3% | 4.1% | ||
| Q2 25 | 9.1% | 4.1% | ||
| Q1 25 | 7.7% | 8.9% | ||
| Q4 24 | 7.8% | -2.9% | ||
| Q3 24 | 6.9% | 4.7% | ||
| Q2 24 | 7.7% | 6.5% | ||
| Q1 24 | 8.6% | 9.7% |
净利率REZITNET
| Q4 25 | 7.2% | — | ||
| Q3 25 | 8.4% | 2.8% | ||
| Q2 25 | -42.5% | 3.0% | ||
| Q1 25 | 0.3% | 6.6% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 1.1% | 3.6% | ||
| Q2 24 | 1.9% | 4.9% | ||
| Q1 24 | 2.9% | 7.2% |
每股收益（稀释后）REZITNET
| Q4 25 | $0.99 | $0.02 | ||
| Q3 25 | $0.85 | $0.70 | ||
| Q2 25 | $-5.59 | $0.77 | ||
| Q1 25 | $-0.02 | $1.71 | ||
| Q4 24 | $0.06 | $-0.44 | ||
| Q3 24 | $0.07 | $0.89 | ||
| Q2 24 | $0.19 | $1.20 | ||
| Q1 24 | $0.29 | $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 | $661.0M | $287.0M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.9B | $54.0M |
| 总资产 | $8.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.11× | — |
8季度趋势，按日历期对齐
现金及短期投资REZITNET
| Q4 25 | $661.0M | $287.0M | ||
| Q3 25 | $345.0M | $321.0M | ||
| Q2 25 | $753.0M | $407.0M | ||
| Q1 25 | $577.0M | $349.0M | ||
| Q4 24 | $692.0M | $360.0M | ||
| Q3 24 | $531.0M | $301.0M | ||
| Q2 24 | $413.0M | $249.0M | ||
| Q1 24 | $603.0M | $383.0M |
总债务REZITNET
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.4B | — |
股东权益REZITNET
| Q4 25 | $2.9B | $54.0M | ||
| Q3 25 | $2.8B | $110.0M | ||
| Q2 25 | $2.6B | $107.0M | ||
| Q1 25 | $3.3B | $63.0M | ||
| Q4 24 | $3.3B | $69.0M | ||
| Q3 24 | $3.4B | $129.0M | ||
| Q2 24 | $3.3B | $100.0M | ||
| Q1 24 | $2.8B | $143.0M |
总资产REZITNET
| Q4 25 | $8.4B | $3.8B | ||
| Q3 25 | $8.2B | $3.4B | ||
| Q2 25 | $8.5B | $3.7B | ||
| Q1 25 | $8.1B | $3.8B | ||
| Q4 24 | $8.2B | $4.1B | ||
| Q3 24 | $8.1B | $3.7B | ||
| Q2 24 | $8.0B | $3.7B | ||
| Q1 24 | $6.5B | $4.0B |
负债/权益比REZITNET
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.17× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.61× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.61× | — | ||
| Q1 24 | 0.51× | — |
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 | $299.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $262.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 13.8% | 3.4% |
| 资本支出强度资本支出/营收 | 2.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.20× | — |
| 过去12个月自由现金流最近4个季度 | $-1.3B | $234.0M |
8季度趋势，按日历期对齐
经营现金流REZITNET
| Q4 25 | $299.0M | $61.0M | ||
| Q3 25 | $-1.6B | $72.0M | ||
| Q2 25 | $200.0M | $75.0M | ||
| Q1 25 | $-65.0M | $95.0M | ||
| Q4 24 | $203.0M | $65.0M | ||
| Q3 24 | $147.0M | $84.0M | ||
| Q2 24 | $92.0M | $39.0M | ||
| Q1 24 | $2.0M | $91.0M |
自由现金流REZITNET
| Q4 25 | $262.0M | $43.0M | ||
| Q3 25 | $-1.6B | $55.0M | ||
| Q2 25 | $180.0M | $57.0M | ||
| Q1 25 | $-96.0M | $79.0M | ||
| Q4 24 | $181.0M | $47.0M | ||
| Q3 24 | $125.0M | $59.0M | ||
| Q2 24 | $77.0M | $22.0M | ||
| Q1 24 | $-19.0M | $73.0M |
自由现金流率REZITNET
| Q4 25 | 13.8% | 3.4% | ||
| Q3 25 | -85.8% | 4.5% | ||
| Q2 25 | 9.3% | 4.6% | ||
| Q1 25 | -5.4% | 6.1% | ||
| Q4 24 | 9.7% | 3.7% | ||
| Q3 24 | 6.8% | 4.8% | ||
| Q2 24 | 4.8% | 1.8% | ||
| Q1 24 | -1.3% | 5.8% |
资本支出强度REZITNET
| Q4 25 | 2.0% | 1.4% | ||
| Q3 25 | 1.5% | 1.4% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 1.8% | 1.2% | ||
| Q4 24 | 1.2% | 1.4% | ||
| Q3 24 | 1.2% | 2.0% | ||
| Q2 24 | 0.9% | 1.4% | ||
| Q1 24 | 1.4% | 1.4% |
现金转化率REZITNET
| Q4 25 | 2.20× | — | ||
| Q3 25 | -10.07× | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | -10.83× | 1.12× | ||
| Q4 24 | 8.83× | — | ||
| Q3 24 | 7.35× | 1.87× | ||
| Q2 24 | 3.07× | 0.65× | ||
| Q1 24 | 0.05× | 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
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
