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Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.5倍（$1.2B vs $828.2M），TRINET GROUP, INC.同比增速更快（-2.2% vs -40.0%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -17.9%）
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
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。
RITM vs TNET — 直观对比
营收规模更大
TNET
是对方的1.5倍
$828.2M
营收增速更快
TNET
高出37.8%
-40.0%
两年增速更快
TNET
近两年复合增速
-17.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $828.2M | $1.2B |
| 净利润 | $109.5M | — |
| 毛利率 | — | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 13.2% | — |
| 营收同比 | -40.0% | -2.2% |
| 净利润同比 | 20.9% | — |
| 每股收益（稀释后） | $0.12 | $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RITMTNET
| Q1 26 | $828.2M | — | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $768.4M | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $619.5M | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
净利润RITMTNET
| Q1 26 | $109.5M | — | ||
| Q4 25 | $85.0M | — | ||
| Q3 25 | $221.5M | $34.0M | ||
| Q2 25 | $311.7M | $37.0M | ||
| Q1 25 | $78.8M | $85.0M | ||
| Q4 24 | $290.2M | — | ||
| Q3 24 | $121.7M | $45.0M | ||
| Q2 24 | $235.6M | $60.0M |
营业利润率RITMTNET
| Q1 26 | — | — | ||
| Q4 25 | 13.8% | 0.1% | ||
| Q3 25 | 21.4% | 4.1% | ||
| Q2 25 | 25.2% | 4.1% | ||
| Q1 25 | 7.4% | 8.9% | ||
| Q4 24 | 23.8% | -2.9% | ||
| Q3 24 | 7.3% | 4.7% | ||
| Q2 24 | 23.6% | 6.5% |
净利率RITMTNET
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 20.0% | 2.8% | ||
| Q2 25 | 25.6% | 3.0% | ||
| Q1 25 | 10.3% | 6.6% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 19.7% | 3.6% | ||
| Q2 24 | 19.2% | 4.9% |
每股收益（稀释后）RITMTNET
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.09 | $0.02 | ||
| Q3 25 | $0.35 | $0.70 | ||
| Q2 25 | $0.53 | $0.77 | ||
| Q1 25 | $0.07 | $1.71 | ||
| Q4 24 | $0.50 | $-0.44 | ||
| Q3 24 | $0.20 | $0.89 | ||
| Q2 24 | $0.43 | $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 | — | — |
| 股东权益账面价值 | $9.1B | $54.0M |
| 总资产 | $53.4B | $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RITMTNET
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $287.0M | ||
| Q3 25 | $1.6B | $321.0M | ||
| Q2 25 | $1.6B | $407.0M | ||
| Q1 25 | $1.5B | $349.0M | ||
| Q4 24 | $1.5B | $360.0M | ||
| Q3 24 | $1.6B | $301.0M | ||
| Q2 24 | $1.2B | $249.0M |
总债务RITMTNET
| Q1 26 | — | — | ||
| Q4 25 | $35.4B | — | ||
| Q3 25 | $32.2B | — | ||
| Q2 25 | $31.2B | — | ||
| Q1 25 | $32.2B | — | ||
| Q4 24 | $32.6B | — | ||
| Q3 24 | $29.6B | — | ||
| Q2 24 | $30.1B | — |
股东权益RITMTNET
| Q1 26 | $9.1B | — | ||
| Q4 25 | $8.4B | $54.0M | ||
| Q3 25 | $8.5B | $110.0M | ||
| Q2 25 | $7.9B | $107.0M | ||
| Q1 25 | $7.8B | $63.0M | ||
| Q4 24 | $7.8B | $69.0M | ||
| Q3 24 | $7.7B | $129.0M | ||
| Q2 24 | $7.3B | $100.0M |
总资产RITMTNET
| Q1 26 | $53.4B | — | ||
| Q4 25 | $53.1B | $3.8B | ||
| Q3 25 | $47.2B | $3.4B | ||
| Q2 25 | $44.3B | $3.7B | ||
| Q1 25 | $45.3B | $3.8B | ||
| Q4 24 | $46.0B | $4.1B | ||
| Q3 24 | $42.3B | $3.7B | ||
| Q2 24 | $42.0B | $3.7B |
负债/权益比RITMTNET
| Q1 26 | — | — | ||
| Q4 25 | 4.20× | — | ||
| Q3 25 | 3.79× | — | ||
| Q2 25 | 3.92× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 4.18× | — | ||
| Q3 24 | 3.87× | — | ||
| Q2 24 | 4.10× | — |
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RITMTNET
| Q1 26 | — | — | ||
| Q4 25 | $-114.6M | $61.0M | ||
| Q3 25 | $-2.0B | $72.0M | ||
| Q2 25 | $-557.1M | $75.0M | ||
| Q1 25 | $1.4B | $95.0M | ||
| Q4 24 | $-1.8B | $65.0M | ||
| Q3 24 | $768.1M | $84.0M | ||
| Q2 24 | $-55.7M | $39.0M |
自由现金流RITMTNET
| Q1 26 | — | — | ||
| 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 |
自由现金流率RITMTNET
| Q1 26 | — | — | ||
| 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% |
资本支出强度RITMTNET
| Q1 26 | — | — | ||
| 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% |
现金转化率RITMTNET
| Q1 26 | — | — | ||
| Q4 25 | -1.35× | — | ||
| Q3 25 | -9.22× | 2.12× | ||
| Q2 25 | -1.79× | 2.03× | ||
| Q1 25 | 18.03× | 1.12× | ||
| Q4 24 | -6.04× | — | ||
| Q3 24 | 6.31× | 1.87× | ||
| Q2 24 | -0.24× | 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
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
