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SoFi Technologies, Inc.（SOFI）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SoFi Technologies, Inc.的1.1倍（$1.2B vs $1.1B），SoFi Technologies, Inc.同比增速更快（42.6% vs -2.2%），过去两年SoFi Technologies, Inc.的营收复合增速更高（35.6% vs -0.6%）
SoFi Technologies是美国金融科技企业，2011年由斯坦福大学学生创立，持有全国性特许牌照运营线上银行，同时为其他金融机构提供技术解决方案，是美国规模最大的线上贷款机构，截至2025年累计服务客户达1370万。
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。
SOFI 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
SOFI
高出44.8%
-2.2%
两年增速更快
SOFI
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $166.7M | — |
| 毛利率 | — | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 15.2% | — |
| 营收同比 | 42.6% | -2.2% |
| 净利润同比 | 897.2% | — |
| 每股收益（稀释后） | $0.12 | $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SOFITNET
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $961.6M | $1.2B | ||
| Q2 25 | $854.9M | $1.2B | ||
| Q1 25 | $771.8M | $1.3B | ||
| Q4 24 | $734.1M | $1.3B | ||
| Q3 24 | $697.1M | $1.2B | ||
| Q2 24 | $598.6M | $1.2B |
净利润SOFITNET
| Q1 26 | $166.7M | — | ||
| Q4 25 | $173.5M | — | ||
| Q3 25 | $139.4M | $34.0M | ||
| Q2 25 | $97.3M | $37.0M | ||
| Q1 25 | $71.1M | $85.0M | ||
| Q4 24 | $332.5M | — | ||
| Q3 24 | $60.7M | $45.0M | ||
| Q2 24 | $17.4M | $60.0M |
毛利率SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | 84.2% | — | ||
| Q3 25 | 83.2% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 82.4% | — | ||
| Q4 24 | 82.5% | — | ||
| Q3 24 | 82.3% | — | ||
| Q2 24 | 81.7% | — |
营业利润率SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | 18.1% | 0.1% | ||
| Q3 25 | 15.4% | 4.1% | ||
| Q2 25 | 13.1% | 4.1% | ||
| Q1 25 | 10.3% | 8.9% | ||
| Q4 24 | 8.2% | -2.9% | ||
| Q3 24 | 9.2% | 4.7% | ||
| Q2 24 | 2.6% | 6.5% |
净利率SOFITNET
| Q1 26 | 15.2% | — | ||
| Q4 25 | 16.9% | — | ||
| Q3 25 | 14.5% | 2.8% | ||
| Q2 25 | 11.4% | 3.0% | ||
| Q1 25 | 9.2% | 6.6% | ||
| Q4 24 | 45.3% | — | ||
| Q3 24 | 8.7% | 3.6% | ||
| Q2 24 | 2.9% | 4.9% |
每股收益（稀释后）SOFITNET
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.14 | $0.02 | ||
| Q3 25 | $0.11 | $0.70 | ||
| Q2 25 | $0.08 | $0.77 | ||
| Q1 25 | $0.06 | $1.71 | ||
| Q4 24 | $0.31 | $-0.44 | ||
| Q3 24 | $0.05 | $0.89 | ||
| Q2 24 | $0.01 | $1.20 |
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 | $3.4B | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.8B | $54.0M |
| 总资产 | $53.7B | $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SOFITNET
| Q1 26 | $3.4B | — | ||
| Q4 25 | $4.9B | $287.0M | ||
| Q3 25 | $3.2B | $321.0M | ||
| Q2 25 | $2.1B | $407.0M | ||
| Q1 25 | $2.1B | $349.0M | ||
| Q4 24 | $2.5B | $360.0M | ||
| Q3 24 | $2.4B | $301.0M | ||
| Q2 24 | $2.3B | $249.0M |
股东权益SOFITNET
| Q1 26 | $10.8B | — | ||
| Q4 25 | $10.5B | $54.0M | ||
| Q3 25 | $8.8B | $110.0M | ||
| Q2 25 | $6.9B | $107.0M | ||
| Q1 25 | $6.7B | $63.0M | ||
| Q4 24 | $6.5B | $69.0M | ||
| Q3 24 | $6.1B | $129.0M | ||
| Q2 24 | $5.9B | $100.0M |
总资产SOFITNET
| Q1 26 | $53.7B | — | ||
| Q4 25 | $50.7B | $3.8B | ||
| Q3 25 | $45.3B | $3.4B | ||
| Q2 25 | $41.1B | $3.7B | ||
| Q1 25 | $37.7B | $3.8B | ||
| Q4 24 | $36.3B | $4.1B | ||
| Q3 24 | $34.4B | $3.7B | ||
| Q2 24 | $32.6B | $3.7B |
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 | — | $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SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | $-3.7B | $61.0M | ||
| Q3 25 | $-1.3B | $72.0M | ||
| Q2 25 | $-1.5B | $75.0M | ||
| Q1 25 | $21.5M | $95.0M | ||
| Q4 24 | $-1.1B | $65.0M | ||
| Q3 24 | $-1.2B | $84.0M | ||
| Q2 24 | $-484.4M | $39.0M |
自由现金流SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | $-4.0B | $43.0M | ||
| Q3 25 | $-1.4B | $55.0M | ||
| Q2 25 | $-1.5B | $57.0M | ||
| Q1 25 | $-31.1M | $79.0M | ||
| Q4 24 | $-1.3B | $47.0M | ||
| Q3 24 | $-1.2B | $59.0M | ||
| Q2 24 | $-521.1M | $22.0M |
自由现金流率SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | -388.8% | 3.4% | ||
| Q3 25 | -142.0% | 4.5% | ||
| Q2 25 | -179.0% | 4.6% | ||
| Q1 25 | -4.0% | 6.1% | ||
| Q4 24 | -173.5% | 3.7% | ||
| Q3 24 | -174.6% | 4.8% | ||
| Q2 24 | -87.0% | 1.8% |
资本支出强度SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 1.4% | ||
| Q3 25 | 6.2% | 1.4% | ||
| Q2 25 | 7.4% | 1.5% | ||
| Q1 25 | 6.8% | 1.2% | ||
| Q4 24 | 21.0% | 1.4% | ||
| Q3 24 | 6.2% | 2.0% | ||
| Q2 24 | 6.1% | 1.4% |
现金转化率SOFITNET
| Q1 26 | — | — | ||
| Q4 25 | -21.56× | — | ||
| Q3 25 | -9.37× | 2.12× | ||
| Q2 25 | -15.08× | 2.03× | ||
| Q1 25 | 0.30× | 1.12× | ||
| Q4 24 | -3.37× | — | ||
| Q3 24 | -19.32× | 1.87× | ||
| Q2 24 | -27.83× | 0.65× |
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
SOFI
| Loans and securitizations | $932.2M | 85% |
| Loan origination, sales, securitizations and servicing | $142.2M | 13% |
| Corporate borrowings | $10.7M | 1% |
| Securitizations and warehouses | $10.1M | 1% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
