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SEABOARD CORP（SEB）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
SEABOARD CORP的季度营收约是TRINET GROUP, INC.的1.9倍（$2.4B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -2.9%），SEABOARD CORP自由现金流更多（$53.0M vs $43.0M），过去两年SEABOARD CORP的营收复合增速更高（4.9% vs -0.6%）
Seaboard Corporation是一家多元化跨国农业综合及运输集团，业务覆盖多个垂直整合领域。美国本土核心业务包括生猪养殖加工与远洋运输，海外板块主营大宗商品贸易、谷物加工、食糖生产及发电，总部位于堪萨斯州梅里亚姆。
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。
SEB vs TNET — 直观对比
营收规模更大
SEB
是对方的1.9倍
$1.2B
营收增速更快
TNET
高出0.7%
-2.9%
自由现金流更多
SEB
多$10.0M
$43.0M
两年增速更快
SEB
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $255.0M | — |
| 毛利率 | 7.9% | — |
| 营业利润率 | 2.7% | 0.1% |
| 净利率 | 10.6% | — |
| 营收同比 | -2.9% | -2.2% |
| 净利润同比 | 63.5% | — |
| 每股收益（稀释后） | $262.58 | $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SEBTNET
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.2B | ||
| Q1 24 | $2.2B | $1.3B |
净利润SEBTNET
| Q4 25 | $255.0M | — | ||
| Q3 25 | $110.0M | $34.0M | ||
| Q2 25 | $104.0M | $37.0M | ||
| Q1 25 | $32.0M | $85.0M | ||
| Q4 24 | $156.0M | — | ||
| Q3 24 | $-149.0M | $45.0M | ||
| Q2 24 | $61.0M | $60.0M | ||
| Q1 24 | $22.0M | $91.0M |
毛利率SEBTNET
| Q4 25 | 7.9% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 4.0% | — |
营业利润率SEBTNET
| Q4 25 | 2.7% | 0.1% | ||
| Q3 25 | 3.3% | 4.1% | ||
| Q2 25 | 2.1% | 4.1% | ||
| Q1 25 | 1.6% | 8.9% | ||
| Q4 24 | 4.6% | -2.9% | ||
| Q3 24 | 1.4% | 4.7% | ||
| Q2 24 | 1.4% | 6.5% | ||
| Q1 24 | -0.9% | 9.7% |
净利率SEBTNET
| Q4 25 | 10.6% | — | ||
| Q3 25 | 4.3% | 2.8% | ||
| Q2 25 | 4.2% | 3.0% | ||
| Q1 25 | 1.4% | 6.6% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | -6.7% | 3.6% | ||
| Q2 24 | 2.8% | 4.9% | ||
| Q1 24 | 1.0% | 7.2% |
每股收益（稀释后）SEBTNET
| Q4 25 | $262.58 | $0.02 | ||
| Q3 25 | $113.71 | $0.70 | ||
| Q2 25 | $105.22 | $0.77 | ||
| Q1 25 | $32.95 | $1.71 | ||
| Q4 24 | $158.58 | $-0.44 | ||
| Q3 24 | $-153.44 | $0.89 | ||
| Q2 24 | $62.82 | $1.20 | ||
| Q1 24 | $22.66 | $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 | $1.2B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $5.2B | $54.0M |
| 总资产 | $8.2B | $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SEBTNET
| Q4 25 | $1.2B | $287.0M | ||
| Q3 25 | $1.2B | $321.0M | ||
| Q2 25 | $1.1B | $407.0M | ||
| Q1 25 | $1.1B | $349.0M | ||
| Q4 24 | $1.2B | $360.0M | ||
| Q3 24 | $1.2B | $301.0M | ||
| Q2 24 | $1.2B | $249.0M | ||
| Q1 24 | $1.2B | $383.0M |
股东权益SEBTNET
| Q4 25 | $5.2B | $54.0M | ||
| Q3 25 | $5.0B | $110.0M | ||
| Q2 25 | $4.8B | $107.0M | ||
| Q1 25 | $4.7B | $63.0M | ||
| Q4 24 | $4.7B | $69.0M | ||
| Q3 24 | $4.5B | $129.0M | ||
| Q2 24 | $4.7B | $100.0M | ||
| Q1 24 | $4.6B | $143.0M |
总资产SEBTNET
| Q4 25 | $8.2B | $3.8B | ||
| Q3 25 | $8.0B | $3.4B | ||
| Q2 25 | $7.9B | $3.7B | ||
| Q1 25 | $7.6B | $3.8B | ||
| Q4 24 | $7.7B | $4.1B | ||
| Q3 24 | $7.5B | $3.7B | ||
| Q2 24 | $7.7B | $3.7B | ||
| Q1 24 | $7.6B | $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 | $188.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $53.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 2.2% | 3.4% |
| 资本支出强度资本支出/营收 | 5.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.74× | — |
| 过去12个月自由现金流最近4个季度 | $6.0M | $234.0M |
8季度趋势，按日历期对齐
经营现金流SEBTNET
| Q4 25 | $188.0M | $61.0M | ||
| Q3 25 | $319.0M | $72.0M | ||
| Q2 25 | $81.0M | $75.0M | ||
| Q1 25 | $-20.0M | $95.0M | ||
| Q4 24 | $300.0M | $65.0M | ||
| Q3 24 | $194.0M | $84.0M | ||
| Q2 24 | $6.0M | $39.0M | ||
| Q1 24 | $19.0M | $91.0M |
自由现金流SEBTNET
| Q4 25 | $53.0M | $43.0M | ||
| Q3 25 | $152.0M | $55.0M | ||
| Q2 25 | $-70.0M | $57.0M | ||
| Q1 25 | $-129.0M | $79.0M | ||
| Q4 24 | $162.0M | $47.0M | ||
| Q3 24 | $58.0M | $59.0M | ||
| Q2 24 | $-127.0M | $22.0M | ||
| Q1 24 | $-85.0M | $73.0M |
自由现金流率SEBTNET
| Q4 25 | 2.2% | 3.4% | ||
| Q3 25 | 6.0% | 4.5% | ||
| Q2 25 | -2.8% | 4.6% | ||
| Q1 25 | -5.6% | 6.1% | ||
| Q4 24 | 6.5% | 3.7% | ||
| Q3 24 | 2.6% | 4.8% | ||
| Q2 24 | -5.7% | 1.8% | ||
| Q1 24 | -3.9% | 5.8% |
资本支出强度SEBTNET
| Q4 25 | 5.6% | 1.4% | ||
| Q3 25 | 6.6% | 1.4% | ||
| Q2 25 | 6.1% | 1.5% | ||
| Q1 25 | 4.7% | 1.2% | ||
| Q4 24 | 5.6% | 1.4% | ||
| Q3 24 | 6.1% | 2.0% | ||
| Q2 24 | 6.0% | 1.4% | ||
| Q1 24 | 4.7% | 1.4% |
现金转化率SEBTNET
| Q4 25 | 0.74× | — | ||
| Q3 25 | 2.90× | 2.12× | ||
| Q2 25 | 0.78× | 2.03× | ||
| Q1 25 | -0.63× | 1.12× | ||
| Q4 24 | 1.92× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | 0.10× | 0.65× | ||
| Q1 24 | 0.86× | 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
SEB
| Commodity Trading And Milling | $1.3B | 52% |
| Pork Segment | $469.0M | 19% |
| Marine | $444.0M | 18% |
| Other | $108.0M | 4% |
| Energy Service | $56.0M | 2% |
| Product And Service Other Services | $15.0M | 1% |
| Transportation | $6.0M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
