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StoneX Group Inc.（SNEX）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StoneX Group Inc.的1.0倍（$1.2B vs $1.2B），StoneX Group Inc.同比增速更快（81.0% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-1.3B），过去两年StoneX Group Inc.的营收复合增速更高（53.5% vs -0.6%）
StoneX集团是美国知名金融服务企业，核心业务覆盖商业套期保值、全球支付、证券、实物大宗商品、外汇，以及清算与执行服务六大板块，可为全球各类客户提供专业合规的多元化金融服务。
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。
SNEX vs TNET — 直观对比
营收规模更大
TNET
是对方的1.0倍
$1.2B
营收增速更快
SNEX
高出83.2%
-2.2%
自由现金流更多
TNET
多$1.3B
$-1.3B
两年增速更快
SNEX
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.2B |
| 净利润 | $139.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 15.4% | 0.1% |
| 净利率 | 11.6% | — |
| 营收同比 | 81.0% | -2.2% |
| 净利润同比 | 63.3% | — |
| 每股收益（稀释后） | $2.50 | $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SNEXTNET
| Q4 25 | $1.2B | $1.2B | ||
| Q3 25 | $32.7B | $1.2B | ||
| Q2 25 | $851.2M | $1.2B | ||
| Q1 25 | $820.4M | $1.3B | ||
| Q4 24 | $663.1M | $1.3B | ||
| Q3 24 | $31.1B | $1.2B | ||
| Q2 24 | $571.8M | $1.2B | ||
| Q1 24 | $509.2M | $1.3B |
净利润SNEXTNET
| Q4 25 | $139.0M | — | ||
| Q3 25 | $85.7M | $34.0M | ||
| Q2 25 | $63.4M | $37.0M | ||
| Q1 25 | $71.7M | $85.0M | ||
| Q4 24 | $85.1M | — | ||
| Q3 24 | $76.7M | $45.0M | ||
| Q2 24 | $61.9M | $60.0M | ||
| Q1 24 | $53.1M | $91.0M |
毛利率SNEXTNET
| Q4 25 | — | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率SNEXTNET
| Q4 25 | 15.4% | 0.1% | ||
| Q3 25 | 0.3% | 4.1% | ||
| Q2 25 | -1.3% | 4.1% | ||
| Q1 25 | -1.0% | 8.9% | ||
| Q4 24 | -3.2% | -2.9% | ||
| Q3 24 | -0.0% | 4.7% | ||
| Q2 24 | -4.7% | 6.5% | ||
| Q1 24 | -2.5% | 9.7% |
净利率SNEXTNET
| Q4 25 | 11.6% | — | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | 8.7% | 6.6% | ||
| Q4 24 | 12.8% | — | ||
| Q3 24 | 0.2% | 3.6% | ||
| Q2 24 | 10.8% | 4.9% | ||
| Q1 24 | 10.4% | 7.2% |
每股收益（稀释后）SNEXTNET
| Q4 25 | $2.50 | $0.02 | ||
| Q3 25 | $0.72 | $0.70 | ||
| Q2 25 | $1.22 | $0.77 | ||
| Q1 25 | $1.41 | $1.71 | ||
| Q4 24 | $1.69 | $-0.44 | ||
| Q3 24 | $2.32 | $0.89 | ||
| Q2 24 | $1.25 | $1.20 | ||
| Q1 24 | $1.09 | $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 | $1.6B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.5B | $54.0M |
| 总资产 | $47.8B | $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SNEXTNET
| Q4 25 | $1.6B | $287.0M | ||
| Q3 25 | $1.6B | $321.0M | ||
| Q2 25 | $1.3B | $407.0M | ||
| Q1 25 | $1.3B | $349.0M | ||
| Q4 24 | $1.4B | $360.0M | ||
| Q3 24 | $1.3B | $301.0M | ||
| Q2 24 | $1.2B | $249.0M | ||
| Q1 24 | $1.3B | $383.0M |
股东权益SNEXTNET
| Q4 25 | $2.5B | $54.0M | ||
| Q3 25 | $2.4B | $110.0M | ||
| Q2 25 | $2.0B | $107.0M | ||
| Q1 25 | $1.9B | $63.0M | ||
| Q4 24 | $1.8B | $69.0M | ||
| Q3 24 | $1.7B | $129.0M | ||
| Q2 24 | $1.6B | $100.0M | ||
| Q1 24 | $1.5B | $143.0M |
总资产SNEXTNET
| Q4 25 | $47.8B | $3.8B | ||
| Q3 25 | $45.3B | $3.4B | ||
| Q2 25 | $34.3B | $3.7B | ||
| Q1 25 | $31.3B | $3.8B | ||
| Q4 24 | $29.6B | $4.1B | ||
| Q3 24 | $27.5B | $3.7B | ||
| Q2 24 | $25.9B | $3.7B | ||
| Q1 24 | $25.7B | $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 | $-1.3B | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.3B | $43.0M |
| 自由现金流率自由现金流/营收 | -106.4% | 3.4% |
| 资本支出强度资本支出/营收 | 1.3% | 1.4% |
| 现金转化率经营现金流/净利润 | -9.08× | — |
| 过去12个月自由现金流最近4个季度 | $3.5B | $234.0M |
8季度趋势，按日历期对齐
经营现金流SNEXTNET
| Q4 25 | $-1.3B | $61.0M | ||
| Q3 25 | $3.5B | $72.0M | ||
| Q2 25 | $1.5B | $75.0M | ||
| Q1 25 | $-154.5M | $95.0M | ||
| Q4 24 | $-477.8M | $65.0M | ||
| Q3 24 | $192.6M | $84.0M | ||
| Q2 24 | $-622.1M | $39.0M | ||
| Q1 24 | $784.0M | $91.0M |
自由现金流SNEXTNET
| Q4 25 | $-1.3B | $43.0M | ||
| Q3 25 | $3.5B | $55.0M | ||
| Q2 25 | $1.5B | $57.0M | ||
| Q1 25 | $-169.8M | $79.0M | ||
| Q4 24 | $-491.4M | $47.0M | ||
| Q3 24 | $175.9M | $59.0M | ||
| Q2 24 | $-640.5M | $22.0M | ||
| Q1 24 | $766.6M | $73.0M |
自由现金流率SNEXTNET
| Q4 25 | -106.4% | 3.4% | ||
| Q3 25 | 10.7% | 4.5% | ||
| Q2 25 | 173.3% | 4.6% | ||
| Q1 25 | -20.7% | 6.1% | ||
| Q4 24 | -74.1% | 3.7% | ||
| Q3 24 | 0.6% | 4.8% | ||
| Q2 24 | -112.0% | 1.8% | ||
| Q1 24 | 150.5% | 5.8% |
资本支出强度SNEXTNET
| Q4 25 | 1.3% | 1.4% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 1.9% | 1.5% | ||
| Q1 25 | 1.9% | 1.2% | ||
| Q4 24 | 2.1% | 1.4% | ||
| Q3 24 | 0.1% | 2.0% | ||
| Q2 24 | 3.2% | 1.4% | ||
| Q1 24 | 3.4% | 1.4% |
现金转化率SNEXTNET
| Q4 25 | -9.08× | — | ||
| Q3 25 | 41.18× | 2.12× | ||
| Q2 25 | 23.52× | 2.03× | ||
| Q1 25 | -2.15× | 1.12× | ||
| Q4 24 | -5.61× | — | ||
| Q3 24 | 2.51× | 1.87× | ||
| Q2 24 | -10.05× | 0.65× | ||
| Q1 24 | 14.76× | 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
SNEX
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
