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拉夫劳伦（RL）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
拉夫劳伦的季度营收约是TRINET GROUP, INC.的1.9倍（$2.4B vs $1.2B），拉夫劳伦同比增速更快（12.2% vs -2.2%），拉夫劳伦自由现金流更多（$704.0M vs $43.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs -0.6%）
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
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。
RL vs TNET — 直观对比
营收规模更大
RL
是对方的1.9倍
$1.2B
营收增速更快
RL
高出14.4%
-2.2%
自由现金流更多
RL
多$661.0M
$43.0M
两年增速更快
RL
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $361.6M | — |
| 毛利率 | 69.9% | — |
| 营业利润率 | 19.6% | 0.1% |
| 净利率 | 15.0% | — |
| 营收同比 | 12.2% | -2.2% |
| 净利润同比 | 21.6% | — |
| 每股收益（稀释后） | $5.82 | $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RLTNET
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.6B | $1.3B |
净利润RLTNET
| Q4 25 | $361.6M | — | ||
| Q3 25 | $207.5M | $34.0M | ||
| Q2 25 | $220.4M | $37.0M | ||
| Q1 25 | $129.0M | $85.0M | ||
| Q4 24 | $297.4M | — | ||
| Q3 24 | $147.9M | $45.0M | ||
| Q2 24 | $168.6M | $60.0M | ||
| Q1 24 | $90.7M | $91.0M |
毛利率RLTNET
| Q4 25 | 69.9% | — | ||
| Q3 25 | 68.0% | — | ||
| Q2 25 | 72.3% | — | ||
| Q1 25 | 68.7% | — | ||
| Q4 24 | 68.4% | — | ||
| Q3 24 | 67.0% | — | ||
| Q2 24 | 70.5% | — | ||
| Q1 24 | 66.6% | — |
营业利润率RLTNET
| Q4 25 | 19.6% | 0.1% | ||
| Q3 25 | 12.2% | 4.1% | ||
| Q2 25 | 15.9% | 4.1% | ||
| Q1 25 | 9.1% | 8.9% | ||
| Q4 24 | 18.2% | -2.9% | ||
| Q3 24 | 10.4% | 4.7% | ||
| Q2 24 | 13.8% | 6.5% | ||
| Q1 24 | 6.9% | 9.7% |
净利率RLTNET
| Q4 25 | 15.0% | — | ||
| Q3 25 | 10.3% | 2.8% | ||
| Q2 25 | 12.8% | 3.0% | ||
| Q1 25 | 7.6% | 6.6% | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 8.6% | 3.6% | ||
| Q2 24 | 11.1% | 4.9% | ||
| Q1 24 | 5.8% | 7.2% |
每股收益（稀释后）RLTNET
| Q4 25 | $5.82 | $0.02 | ||
| Q3 25 | $3.32 | $0.70 | ||
| Q2 25 | $3.52 | $0.77 | ||
| Q1 25 | $2.03 | $1.71 | ||
| Q4 24 | $4.66 | $-0.44 | ||
| Q3 24 | $2.31 | $0.89 | ||
| Q2 24 | $2.61 | $1.20 | ||
| Q1 24 | $1.37 | $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 | $2.3B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $54.0M |
| 总资产 | $7.8B | $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RLTNET
| Q4 25 | $2.3B | $287.0M | ||
| Q3 25 | $1.6B | $321.0M | ||
| Q2 25 | $2.3B | $407.0M | ||
| Q1 25 | $2.1B | $349.0M | ||
| Q4 24 | $2.1B | $360.0M | ||
| Q3 24 | $1.7B | $301.0M | ||
| Q2 24 | $1.8B | $249.0M | ||
| Q1 24 | $1.8B | $383.0M |
股东权益RLTNET
| Q4 25 | $2.9B | $54.0M | ||
| Q3 25 | $2.6B | $110.0M | ||
| Q2 25 | $2.5B | $107.0M | ||
| Q1 25 | $2.6B | $63.0M | ||
| Q4 24 | $2.5B | $69.0M | ||
| Q3 24 | $2.4B | $129.0M | ||
| Q2 24 | $2.4B | $100.0M | ||
| Q1 24 | $2.5B | $143.0M |
总资产RLTNET
| Q4 25 | $7.8B | $3.8B | ||
| Q3 25 | $7.3B | $3.4B | ||
| Q2 25 | $7.8B | $3.7B | ||
| Q1 25 | $7.0B | $3.8B | ||
| Q4 24 | $7.1B | $4.1B | ||
| Q3 24 | $6.8B | $3.7B | ||
| Q2 24 | $6.6B | $3.7B | ||
| Q1 24 | $6.6B | $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 | $779.6M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $704.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 29.3% | 3.4% |
| 资本支出强度资本支出/营收 | 3.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.16× | — |
| 过去12个月自由现金流最近4个季度 | $694.5M | $234.0M |
8季度趋势，按日历期对齐
经营现金流RLTNET
| Q4 25 | $779.6M | $61.0M | ||
| Q3 25 | $53.2M | $72.0M | ||
| Q2 25 | $176.1M | $75.0M | ||
| Q1 25 | $122.2M | $95.0M | ||
| Q4 24 | $738.4M | $65.0M | ||
| Q3 24 | $97.2M | $84.0M | ||
| Q2 24 | $277.3M | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流RLTNET
| Q4 25 | $704.0M | $43.0M | ||
| Q3 25 | $-40.6M | $55.0M | ||
| Q2 25 | $-11.2M | $57.0M | ||
| Q1 25 | $42.3M | $79.0M | ||
| Q4 24 | $677.2M | $47.0M | ||
| Q3 24 | $55.5M | $59.0M | ||
| Q2 24 | $243.9M | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率RLTNET
| Q4 25 | 29.3% | 3.4% | ||
| Q3 25 | -2.0% | 4.5% | ||
| Q2 25 | -0.7% | 4.6% | ||
| Q1 25 | 2.5% | 6.1% | ||
| Q4 24 | 31.6% | 3.7% | ||
| Q3 24 | 3.2% | 4.8% | ||
| Q2 24 | 16.1% | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度RLTNET
| Q4 25 | 3.1% | 1.4% | ||
| Q3 25 | 4.7% | 1.4% | ||
| Q2 25 | 10.9% | 1.5% | ||
| Q1 25 | 4.7% | 1.2% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 2.4% | 2.0% | ||
| Q2 24 | 2.2% | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率RLTNET
| Q4 25 | 2.16× | — | ||
| Q3 25 | 0.26× | 2.12× | ||
| Q2 25 | 0.80× | 2.03× | ||
| Q1 25 | 0.95× | 1.12× | ||
| Q4 24 | 2.48× | — | ||
| Q3 24 | 0.66× | 1.87× | ||
| Q2 24 | 1.64× | 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
RL
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
