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SM Energy Co（SM）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SM Energy Co的1.8倍（$1.2B vs $704.9M），TRINET GROUP, INC.同比增速更快（-2.2% vs -17.3%），过去两年SM Energy Co的营收复合增速更高（12.2% vs -0.6%）
SM能源公司是一家专注于油气勘探开发的能源企业，注册地位于美国特拉华州，总部设立在科罗拉多州丹佛市，业务围绕 hydrocarbon 资源的勘探布局，在能源勘探领域拥有成熟的运营经验。
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。
SM vs TNET — 直观对比
营收规模更大
TNET
是对方的1.8倍
$704.9M
营收增速更快
TNET
高出15.1%
-17.3%
两年增速更快
SM
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $704.9M | $1.2B |
| 净利润 | — | — |
| 毛利率 | — | — |
| 营业利润率 | 25.9% | 0.1% |
| 净利率 | — | — |
| 营收同比 | -17.3% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.94 | $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SMTNET
| Q4 25 | $704.9M | $1.2B | ||
| Q3 25 | $811.6M | $1.2B | ||
| Q2 25 | $792.9M | $1.2B | ||
| Q1 25 | $844.5M | $1.3B | ||
| Q4 24 | $852.0M | $1.3B | ||
| Q3 24 | $643.6M | $1.2B | ||
| Q2 24 | $634.6M | $1.2B | ||
| Q1 24 | $559.9M | $1.3B |
净利润SMTNET
| Q4 25 | — | — | ||
| Q3 25 | $155.1M | $34.0M | ||
| Q2 25 | $201.7M | $37.0M | ||
| Q1 25 | $182.3M | $85.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $240.5M | $45.0M | ||
| Q2 24 | $210.3M | $60.0M | ||
| Q1 24 | $131.2M | $91.0M |
营业利润率SMTNET
| Q4 25 | 25.9% | 0.1% | ||
| Q3 25 | 30.4% | 4.1% | ||
| Q2 25 | 37.2% | 4.1% | ||
| Q1 25 | 32.7% | 8.9% | ||
| Q4 24 | 33.7% | -2.9% | ||
| Q3 24 | 51.4% | 4.7% | ||
| Q2 24 | 44.0% | 6.5% | ||
| Q1 24 | 31.9% | 9.7% |
净利率SMTNET
| Q4 25 | — | — | ||
| Q3 25 | 19.1% | 2.8% | ||
| Q2 25 | 25.4% | 3.0% | ||
| Q1 25 | 21.6% | 6.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.4% | 3.6% | ||
| Q2 24 | 33.1% | 4.9% | ||
| Q1 24 | 23.4% | 7.2% |
每股收益（稀释后）SMTNET
| Q4 25 | $0.94 | $0.02 | ||
| Q3 25 | $1.35 | $0.70 | ||
| Q2 25 | $1.76 | $0.77 | ||
| Q1 25 | $1.59 | $1.71 | ||
| Q4 24 | $1.63 | $-0.44 | ||
| Q3 24 | $2.09 | $0.89 | ||
| Q2 24 | $1.82 | $1.20 | ||
| Q1 24 | $1.13 | $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 | $368.0M | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $54.0M |
| 总资产 | $9.3B | $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SMTNET
| Q4 25 | $368.0M | $287.0M | ||
| Q3 25 | $162.3M | $321.0M | ||
| Q2 25 | $101.9M | $407.0M | ||
| Q1 25 | $54.0K | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | $1.7B | $301.0M | ||
| Q2 24 | $487.9M | $249.0M | ||
| Q1 24 | $506.3M | $383.0M |
股东权益SMTNET
| Q4 25 | $4.8B | $54.0M | ||
| Q3 25 | $4.7B | $110.0M | ||
| Q2 25 | $4.6B | $107.0M | ||
| Q1 25 | $4.4B | $63.0M | ||
| Q4 24 | $4.2B | $69.0M | ||
| Q3 24 | $4.1B | $129.0M | ||
| Q2 24 | $3.8B | $100.0M | ||
| Q1 24 | $3.7B | $143.0M |
总资产SMTNET
| Q4 25 | $9.3B | $3.8B | ||
| Q3 25 | $9.1B | $3.4B | ||
| Q2 25 | $9.0B | $3.7B | ||
| Q1 25 | $8.8B | $3.8B | ||
| Q4 24 | $8.6B | $4.1B | ||
| Q3 24 | $8.0B | $3.7B | ||
| Q2 24 | $6.7B | $3.7B | ||
| Q1 24 | $6.4B | $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 | $451.9M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | — | $43.0M |
| 自由现金流率自由现金流/营收 | — | 3.4% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $234.0M |
8季度趋势，按日历期对齐
经营现金流SMTNET
| Q4 25 | $451.9M | $61.0M | ||
| Q3 25 | $505.0M | $72.0M | ||
| Q2 25 | $571.1M | $75.0M | ||
| Q1 25 | $483.0M | $95.0M | ||
| Q4 24 | $578.4M | $65.0M | ||
| Q3 24 | $452.3M | $84.0M | ||
| Q2 24 | $476.4M | $39.0M | ||
| Q1 24 | $276.0M | $91.0M |
自由现金流SMTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率SMTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度SMTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率SMTNET
| Q4 25 | — | — | ||
| Q3 25 | 3.26× | 2.12× | ||
| Q2 25 | 2.83× | 2.03× | ||
| Q1 25 | 2.65× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.88× | 1.87× | ||
| Q2 24 | 2.27× | 0.65× | ||
| Q1 24 | 2.10× | 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
SM
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
