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Champion Homes, Inc.（SKY）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Champion Homes, Inc.的1.9倍（$1.2B vs $656.6M），Champion Homes, Inc.同比增速更快（1.8% vs -2.2%），Champion Homes, Inc.自由现金流更多（$92.9M vs $43.0M），过去两年Champion Homes, Inc.的营收复合增速更高（10.6% vs -0.6%）
Champion Homes, Inc.是移动及模块化住宅制造企业，为北美头部模块化住宅建造商之一，业务覆盖美国及加拿大西部地区，提供工厂预制住宅产品，可满足不同场景的居住需求，凭借工业化生产优势保障住房品质与交付效率。
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。
SKY vs TNET — 直观对比
营收规模更大
TNET
是对方的1.9倍
$656.6M
营收增速更快
SKY
高出4.0%
-2.2%
自由现金流更多
SKY
多$49.9M
$43.0M
两年增速更快
SKY
近两年复合增速
-0.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $656.6M | $1.2B |
| 净利润 | $54.3M | — |
| 毛利率 | 26.2% | — |
| 营业利润率 | 9.5% | 0.1% |
| 净利率 | 8.3% | — |
| 营收同比 | 1.8% | -2.2% |
| 净利润同比 | -11.7% | — |
| 每股收益（稀释后） | $0.97 | $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SKYTNET
| Q4 25 | $656.6M | $1.2B | ||
| Q3 25 | $684.4M | $1.2B | ||
| Q2 25 | $701.3M | $1.2B | ||
| Q1 25 | $593.9M | $1.3B | ||
| Q4 24 | $644.9M | $1.3B | ||
| Q3 24 | $616.9M | $1.2B | ||
| Q2 24 | $627.8M | $1.2B | ||
| Q1 24 | $536.4M | $1.3B |
净利润SKYTNET
| Q4 25 | $54.3M | — | ||
| Q3 25 | $58.2M | $34.0M | ||
| Q2 25 | $64.7M | $37.0M | ||
| Q1 25 | $36.3M | $85.0M | ||
| Q4 24 | $61.5M | — | ||
| Q3 24 | $54.7M | $45.0M | ||
| Q2 24 | $45.8M | $60.0M | ||
| Q1 24 | $2.8M | $91.0M |
毛利率SKYTNET
| Q4 25 | 26.2% | — | ||
| Q3 25 | 27.5% | — | ||
| Q2 25 | 27.1% | — | ||
| Q1 25 | 25.7% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 27.0% | — | ||
| Q2 24 | 26.2% | — | ||
| Q1 24 | 18.3% | — |
营业利润率SKYTNET
| Q4 25 | 9.5% | 0.1% | ||
| Q3 25 | 10.9% | 4.1% | ||
| Q2 25 | 11.2% | 4.1% | ||
| Q1 25 | 7.1% | 8.9% | ||
| Q4 24 | 11.3% | -2.9% | ||
| Q3 24 | 10.8% | 4.7% | ||
| Q2 24 | 8.8% | 6.5% | ||
| Q1 24 | 1.4% | 9.7% |
净利率SKYTNET
| Q4 25 | 8.3% | — | ||
| Q3 25 | 8.5% | 2.8% | ||
| Q2 25 | 9.2% | 3.0% | ||
| Q1 25 | 6.1% | 6.6% | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 8.9% | 3.6% | ||
| Q2 24 | 7.3% | 4.9% | ||
| Q1 24 | 0.5% | 7.2% |
每股收益（稀释后）SKYTNET
| Q4 25 | $0.97 | $0.02 | ||
| Q3 25 | $1.03 | $0.70 | ||
| Q2 25 | $1.13 | $0.77 | ||
| Q1 25 | $0.63 | $1.71 | ||
| Q4 24 | $1.06 | $-0.44 | ||
| Q3 24 | $0.94 | $0.89 | ||
| Q2 24 | $0.79 | $1.20 | ||
| Q1 24 | $0.04 | $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 | $659.8M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $54.0M |
| 总资产 | $2.1B | $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SKYTNET
| Q4 25 | $659.8M | $287.0M | ||
| Q3 25 | $618.7M | $321.0M | ||
| Q2 25 | $605.3M | $407.0M | ||
| Q1 25 | $610.3M | $349.0M | ||
| Q4 24 | $581.8M | $360.0M | ||
| Q3 24 | $570.2M | $301.0M | ||
| Q2 24 | $548.9M | $249.0M | ||
| Q1 24 | $495.1M | $383.0M |
股东权益SKYTNET
| Q4 25 | $1.6B | $54.0M | ||
| Q3 25 | $1.6B | $110.0M | ||
| Q2 25 | $1.6B | $107.0M | ||
| Q1 25 | $1.5B | $63.0M | ||
| Q4 24 | $1.5B | $69.0M | ||
| Q3 24 | $1.5B | $129.0M | ||
| Q2 24 | $1.5B | $100.0M | ||
| Q1 24 | $1.4B | $143.0M |
总资产SKYTNET
| Q4 25 | $2.1B | $3.8B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.1B | $3.7B | ||
| Q1 25 | $2.1B | $3.8B | ||
| Q4 24 | $2.0B | $4.1B | ||
| Q3 24 | $2.0B | $3.7B | ||
| Q2 24 | $2.0B | $3.7B | ||
| Q1 24 | $1.9B | $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 | $100.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $92.9M | $43.0M |
| 自由现金流率自由现金流/营收 | 14.1% | 3.4% |
| 资本支出强度资本支出/营收 | 1.1% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.84× | — |
| 过去12个月自由现金流最近4个季度 | $259.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流SKYTNET
| Q4 25 | $100.0M | $61.0M | ||
| Q3 25 | $75.9M | $72.0M | ||
| Q2 25 | $75.3M | $75.0M | ||
| Q1 25 | $46.0M | $95.0M | ||
| Q4 24 | $50.4M | $65.0M | ||
| Q3 24 | $59.8M | $84.0M | ||
| Q2 24 | $84.6M | $39.0M | ||
| Q1 24 | — | $91.0M |
自由现金流SKYTNET
| Q4 25 | $92.9M | $43.0M | ||
| Q3 25 | $67.0M | $55.0M | ||
| Q2 25 | $66.4M | $57.0M | ||
| Q1 25 | $33.4M | $79.0M | ||
| Q4 24 | $37.3M | $47.0M | ||
| Q3 24 | $45.7M | $59.0M | ||
| Q2 24 | $73.9M | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率SKYTNET
| Q4 25 | 14.1% | 3.4% | ||
| Q3 25 | 9.8% | 4.5% | ||
| Q2 25 | 9.5% | 4.6% | ||
| Q1 25 | 5.6% | 6.1% | ||
| Q4 24 | 5.8% | 3.7% | ||
| Q3 24 | 7.4% | 4.8% | ||
| Q2 24 | 11.8% | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度SKYTNET
| Q4 25 | 1.1% | 1.4% | ||
| Q3 25 | 1.3% | 1.4% | ||
| Q2 25 | 1.3% | 1.5% | ||
| Q1 25 | 2.1% | 1.2% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 1.7% | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率SKYTNET
| Q4 25 | 1.84× | — | ||
| Q3 25 | 1.30× | 2.12× | ||
| Q2 25 | 1.16× | 2.03× | ||
| Q1 25 | 1.27× | 1.12× | ||
| Q4 24 | 0.82× | — | ||
| Q3 24 | 1.09× | 1.87× | ||
| Q2 24 | 1.85× | 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
SKY
| Manufacturing | $369.7M | 56% |
| Retail | $252.7M | 38% |
| Canadian Factory Built Housing | $25.8M | 4% |
| Transportation And Other | $8.5M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
