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STIFEL FINANCIAL CORP（SF）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STIFEL FINANCIAL CORP的1.1倍（$1.2B vs $1.1B），STIFEL FINANCIAL CORP同比增速更快（23.0% vs -2.2%），STIFEL FINANCIAL CORP自由现金流更多（$369.0M vs $43.0M），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（21.1% vs -0.6%）
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
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。
SF vs TNET — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.1B
营收增速更快
SF
高出25.2%
-2.2%
自由现金流更多
SF
多$326.0M
$43.0M
两年增速更快
SF
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $264.4M | — |
| 毛利率 | — | — |
| 营业利润率 | 27.3% | 0.1% |
| 净利率 | 23.5% | — |
| 营收同比 | 23.0% | -2.2% |
| 净利润同比 | 8.3% | — |
| 每股收益（稀释后） | $2.30 | $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SFTNET
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $962.6M | $1.2B | ||
| Q2 25 | $838.9M | $1.2B | ||
| Q1 25 | $842.5M | $1.3B | ||
| Q4 24 | $916.0M | $1.3B | ||
| Q3 24 | $810.9M | $1.2B | ||
| Q2 24 | $798.9M | $1.2B | ||
| Q1 24 | $768.1M | $1.3B |
净利润SFTNET
| Q4 25 | $264.4M | — | ||
| Q3 25 | $211.4M | $34.0M | ||
| Q2 25 | $155.1M | $37.0M | ||
| Q1 25 | $53.0M | $85.0M | ||
| Q4 24 | $244.0M | — | ||
| Q3 24 | $158.5M | $45.0M | ||
| Q2 24 | $165.3M | $60.0M | ||
| Q1 24 | $163.6M | $91.0M |
营业利润率SFTNET
| Q4 25 | 27.3% | 0.1% | ||
| Q3 25 | 29.7% | 4.1% | ||
| Q2 25 | 25.5% | 4.1% | ||
| Q1 25 | 7.5% | 8.9% | ||
| Q4 24 | 29.1% | -2.9% | ||
| Q3 24 | 26.7% | 4.7% | ||
| Q2 24 | 28.4% | 6.5% | ||
| Q1 24 | 28.5% | 9.7% |
净利率SFTNET
| Q4 25 | 23.5% | — | ||
| Q3 25 | 22.0% | 2.8% | ||
| Q2 25 | 18.5% | 3.0% | ||
| Q1 25 | 6.3% | 6.6% | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 19.5% | 3.6% | ||
| Q2 24 | 20.7% | 4.9% | ||
| Q1 24 | 21.3% | 7.2% |
每股收益（稀释后）SFTNET
| Q4 25 | $2.30 | $0.02 | ||
| Q3 25 | $1.84 | $0.70 | ||
| Q2 25 | $1.34 | $0.77 | ||
| Q1 25 | $0.39 | $1.71 | ||
| Q4 24 | $2.10 | $-0.44 | ||
| Q3 24 | $1.34 | $0.89 | ||
| Q2 24 | $1.41 | $1.20 | ||
| Q1 24 | $1.40 | $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 | $617.4M | — |
| 股东权益账面价值 | $6.0B | $54.0M |
| 总资产 | $41.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
现金及短期投资SFTNET
| Q4 25 | $2.3B | $287.0M | ||
| Q3 25 | $3.2B | $321.0M | ||
| Q2 25 | $1.9B | $407.0M | ||
| Q1 25 | $2.7B | $349.0M | ||
| Q4 24 | $2.6B | $360.0M | ||
| Q3 24 | $1.9B | $301.0M | ||
| Q2 24 | $2.6B | $249.0M | ||
| Q1 24 | $3.4B | $383.0M |
总债务SFTNET
| Q4 25 | $617.4M | — | ||
| Q3 25 | $617.2M | — | ||
| Q2 25 | $617.0M | — | ||
| Q1 25 | $616.8M | — | ||
| Q4 24 | $616.6M | — | ||
| Q3 24 | $616.4M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益SFTNET
| Q4 25 | $6.0B | $54.0M | ||
| Q3 25 | $5.8B | $110.0M | ||
| Q2 25 | $5.6B | $107.0M | ||
| Q1 25 | $5.5B | $63.0M | ||
| Q4 24 | $5.7B | $69.0M | ||
| Q3 24 | $5.6B | $129.0M | ||
| Q2 24 | $5.4B | $100.0M | ||
| Q1 24 | $5.3B | $143.0M |
总资产SFTNET
| Q4 25 | $41.3B | $3.8B | ||
| Q3 25 | $41.7B | $3.4B | ||
| Q2 25 | $39.9B | $3.7B | ||
| Q1 25 | $40.4B | $3.8B | ||
| Q4 24 | $39.9B | $4.1B | ||
| Q3 24 | $38.9B | $3.7B | ||
| Q2 24 | $37.8B | $3.7B | ||
| Q1 24 | $38.3B | $4.0B |
负债/权益比SFTNET
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | 0.11× | — | ||
| Q3 24 | 0.11× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.21× | — |
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 | $382.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $369.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 32.7% | 3.4% |
| 资本支出强度资本支出/营收 | 1.2% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.45× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $234.0M |
8季度趋势，按日历期对齐
经营现金流SFTNET
| Q4 25 | $382.4M | $61.0M | ||
| Q3 25 | $338.3M | $72.0M | ||
| Q2 25 | $607.5M | $75.0M | ||
| Q1 25 | $-211.2M | $95.0M | ||
| Q4 24 | $694.6M | $65.0M | ||
| Q3 24 | $198.3M | $84.0M | ||
| Q2 24 | $207.2M | $39.0M | ||
| Q1 24 | $-609.7M | $91.0M |
自由现金流SFTNET
| Q4 25 | $369.0M | $43.0M | ||
| Q3 25 | $321.1M | $55.0M | ||
| Q2 25 | $592.7M | $57.0M | ||
| Q1 25 | $-227.8M | $79.0M | ||
| Q4 24 | $677.2M | $47.0M | ||
| Q3 24 | $185.6M | $59.0M | ||
| Q2 24 | $173.3M | $22.0M | ||
| Q1 24 | $-619.4M | $73.0M |
自由现金流率SFTNET
| Q4 25 | 32.7% | 3.4% | ||
| Q3 25 | 33.4% | 4.5% | ||
| Q2 25 | 70.6% | 4.6% | ||
| Q1 25 | -27.0% | 6.1% | ||
| Q4 24 | 73.9% | 3.7% | ||
| Q3 24 | 22.9% | 4.8% | ||
| Q2 24 | 21.7% | 1.8% | ||
| Q1 24 | -80.6% | 5.8% |
资本支出强度SFTNET
| Q4 25 | 1.2% | 1.4% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 1.8% | 1.5% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 4.2% | 1.4% | ||
| Q1 24 | 1.3% | 1.4% |
现金转化率SFTNET
| Q4 25 | 1.45× | — | ||
| Q3 25 | 1.60× | 2.12× | ||
| Q2 25 | 3.92× | 2.03× | ||
| Q1 25 | -3.99× | 1.12× | ||
| Q4 24 | 2.85× | — | ||
| Q3 24 | 1.25× | 1.87× | ||
| Q2 24 | 1.25× | 0.65× | ||
| Q1 24 | -3.73× | 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
SF
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
