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Science Applications International Corp（SAIC）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
Science Applications International Corp的季度营收约是TRINET GROUP, INC.的1.5倍（$1.9B vs $1.2B），Science Applications International Corp同比增速更快（2.6% vs -2.2%），Science Applications International Corp自由现金流更多（$120.0M vs $43.0M），过去两年Science Applications International Corp的营收复合增速更高（2.3% vs -0.6%）
科学应用国际公司（SAIC）是一家总部位于美国弗吉尼亚州雷斯顿的科技企业，主要为政府机构提供专业服务与信息技术支持，在公共部门技术服务领域拥有丰富的行业经验与技术积累。
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。
SAIC vs TNET — 直观对比
营收规模更大
SAIC
是对方的1.5倍
$1.2B
营收增速更快
SAIC
高出4.8%
-2.2%
自由现金流更多
SAIC
多$77.0M
$43.0M
两年增速更快
SAIC
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $1.2B |
| 净利润 | $78.0M | — |
| 毛利率 | 12.2% | — |
| 营业利润率 | 6.9% | 0.1% |
| 净利率 | 4.2% | — |
| 营收同比 | 2.6% | -2.2% |
| 净利润同比 | -3.7% | — |
| 每股收益（稀释后） | $1.69 | $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SAICTNET
| Q4 25 | $1.9B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.7B | $1.3B |
净利润SAICTNET
| Q4 25 | $78.0M | — | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | $68.0M | $37.0M | ||
| Q1 25 | — | $85.0M | ||
| Q4 24 | $106.0M | — | ||
| Q3 24 | $81.0M | $45.0M | ||
| Q2 24 | $77.0M | $60.0M | ||
| Q1 24 | $39.0M | $91.0M |
毛利率SAICTNET
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | 11.1% | — |
营业利润率SAICTNET
| Q4 25 | 6.9% | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | 6.4% | 4.1% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | 8.1% | -2.9% | ||
| Q3 24 | 7.4% | 4.7% | ||
| Q2 24 | 7.1% | 6.5% | ||
| Q1 24 | 4.5% | 9.7% |
净利率SAICTNET
| Q4 25 | 4.2% | — | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 3.6% | 3.0% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 4.5% | 3.6% | ||
| Q2 24 | 4.2% | 4.9% | ||
| Q1 24 | 2.2% | 7.2% |
每股收益（稀释后）SAICTNET
| Q4 25 | $1.69 | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | $1.42 | $0.77 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | $2.13 | $-0.44 | ||
| Q3 24 | $1.58 | $0.89 | ||
| Q2 24 | $1.48 | $1.20 | ||
| Q1 24 | $0.77 | $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 | $45.0M | $287.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $1.5B | $54.0M |
| 总资产 | $5.4B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.64× | — |
8季度趋势，按日历期对齐
现金及短期投资SAICTNET
| Q4 25 | $45.0M | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | $47.0M | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | $46.0M | $360.0M | ||
| Q3 24 | $48.0M | $301.0M | ||
| Q2 24 | $49.0M | $249.0M | ||
| Q1 24 | $94.0M | $383.0M |
总债务SAICTNET
| Q4 25 | $2.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益SAICTNET
| Q4 25 | $1.5B | $54.0M | ||
| Q3 25 | — | $110.0M | ||
| Q2 25 | $1.5B | $107.0M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | $1.6B | $69.0M | ||
| Q3 24 | $1.6B | $129.0M | ||
| Q2 24 | $1.8B | $100.0M | ||
| Q1 24 | $1.8B | $143.0M |
总资产SAICTNET
| Q4 25 | $5.4B | $3.8B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $5.2B | $3.7B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $5.3B | $4.1B | ||
| Q3 24 | $5.3B | $3.7B | ||
| Q2 24 | $5.3B | $3.7B | ||
| Q1 24 | $5.3B | $4.0B |
负债/权益比SAICTNET
| Q4 25 | 1.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | 1.18× | — |
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 | $129.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $120.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 6.4% | 3.4% |
| 资本支出强度资本支出/营收 | 0.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.65× | — |
| 过去12个月自由现金流最近4个季度 | $478.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流SAICTNET
| Q4 25 | $129.0M | $61.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | $100.0M | $75.0M | ||
| Q1 25 | — | $95.0M | ||
| Q4 24 | $143.0M | $65.0M | ||
| Q3 24 | $138.0M | $84.0M | ||
| Q2 24 | $98.0M | $39.0M | ||
| Q1 24 | $63.0M | $91.0M |
自由现金流SAICTNET
| Q4 25 | $120.0M | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | $92.0M | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | $134.0M | $47.0M | ||
| Q3 24 | $132.0M | $59.0M | ||
| Q2 24 | $92.0M | $22.0M | ||
| Q1 24 | $52.0M | $73.0M |
自由现金流率SAICTNET
| Q4 25 | 6.4% | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | 4.9% | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | 6.8% | 3.7% | ||
| Q3 24 | 7.3% | 4.8% | ||
| Q2 24 | 5.0% | 1.8% | ||
| Q1 24 | 3.0% | 5.8% |
资本支出强度SAICTNET
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 0.4% | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 0.5% | 1.4% | ||
| Q3 24 | 0.3% | 2.0% | ||
| Q2 24 | 0.3% | 1.4% | ||
| Q1 24 | 0.6% | 1.4% |
现金转化率SAICTNET
| Q4 25 | 1.65× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 1.47× | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 1.35× | — | ||
| Q3 24 | 1.70× | 1.87× | ||
| Q2 24 | 1.27× | 0.65× | ||
| Q1 24 | 1.62× | 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
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
