vs
SiriusPoint Ltd（SPNT）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SiriusPoint Ltd的1.3倍（$1.2B vs $973.7M），SiriusPoint Ltd同比增速更快（58.9% vs -2.2%），过去两年SiriusPoint Ltd的营收复合增速更高（19.2% vs -0.6%）
SiriusPoint Ltd是一家总部位于百慕大彭布罗克的全球特种保险及再保险服务商，提供财产险、意外险、特种险种保障及另类资本解决方案，服务覆盖北美、欧洲、亚太等市场的商业客户与风险承担方，注重严谨核保与稳定的风险调整收益。
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。
SPNT vs TNET — 直观对比
营收规模更大
TNET
是对方的1.3倍
$973.7M
营收增速更快
SPNT
高出61.1%
-2.2%
两年增速更快
SPNT
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $973.7M | $1.2B |
| 净利润 | $244.1M | — |
| 毛利率 | — | — |
| 营业利润率 | 28.8% | 0.1% |
| 净利率 | 25.1% | — |
| 营收同比 | 58.9% | -2.2% |
| 净利润同比 | 1535.9% | — |
| 每股收益（稀释后） | $1.92 | $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SPNTTNET
| Q4 25 | $973.7M | $1.2B | ||
| Q3 25 | $755.9M | $1.2B | ||
| Q2 25 | $748.2M | $1.2B | ||
| Q1 25 | $727.3M | $1.3B | ||
| Q4 24 | $612.8M | $1.3B | ||
| Q3 24 | $562.2M | $1.2B | ||
| Q2 24 | $743.3M | $1.2B | ||
| Q1 24 | $685.5M | $1.3B |
净利润SPNTTNET
| Q4 25 | $244.1M | — | ||
| Q3 25 | $90.8M | $34.0M | ||
| Q2 25 | $63.2M | $37.0M | ||
| Q1 25 | $61.6M | $85.0M | ||
| Q4 24 | $-17.0M | — | ||
| Q3 24 | $8.5M | $45.0M | ||
| Q2 24 | $113.9M | $60.0M | ||
| Q1 24 | $94.8M | $91.0M |
营业利润率SPNTTNET
| Q4 25 | 28.8% | 0.1% | ||
| Q3 25 | 14.7% | 4.1% | ||
| Q2 25 | 10.0% | 4.1% | ||
| Q1 25 | 10.4% | 8.9% | ||
| Q4 24 | -2.1% | -2.9% | ||
| Q3 24 | 2.0% | 4.7% | ||
| Q2 24 | 17.4% | 6.5% | ||
| Q1 24 | 15.4% | 9.7% |
净利率SPNTTNET
| Q4 25 | 25.1% | — | ||
| Q3 25 | 12.0% | 2.8% | ||
| Q2 25 | 8.4% | 3.0% | ||
| Q1 25 | 8.5% | 6.6% | ||
| Q4 24 | -2.8% | — | ||
| Q3 24 | 1.5% | 3.6% | ||
| Q2 24 | 15.3% | 4.9% | ||
| Q1 24 | 13.8% | 7.2% |
每股收益（稀释后）SPNTTNET
| Q4 25 | $1.92 | $0.02 | ||
| Q3 25 | $0.73 | $0.70 | ||
| Q2 25 | $0.50 | $0.77 | ||
| Q1 25 | $0.49 | $1.71 | ||
| Q4 24 | $-0.05 | $-0.44 | ||
| Q3 24 | $0.03 | $0.89 | ||
| Q2 24 | $0.57 | $1.20 | ||
| Q1 24 | $0.49 | $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 | $731.2M | $287.0M |
| 总债务越低越好 | $688.6M | — |
| 股东权益账面价值 | $2.5B | $54.0M |
| 总资产 | $12.6B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资SPNTTNET
| Q4 25 | $731.2M | $287.0M | ||
| Q3 25 | $582.4M | $321.0M | ||
| Q2 25 | $732.4M | $407.0M | ||
| Q1 25 | $740.3M | $349.0M | ||
| Q4 24 | $682.0M | $360.0M | ||
| Q3 24 | $640.7M | $301.0M | ||
| Q2 24 | $598.1M | $249.0M | ||
| Q1 24 | $867.5M | $383.0M |
总债务SPNTTNET
| Q4 25 | $688.6M | — | ||
| Q3 25 | $682.5M | — | ||
| Q2 25 | $678.4M | — | ||
| Q1 25 | $663.5M | — | ||
| Q4 24 | $639.1M | — | ||
| Q3 24 | $660.5M | — | ||
| Q2 24 | $648.6M | — | ||
| Q1 24 | $770.6M | — |
股东权益SPNTTNET
| Q4 25 | $2.5B | $54.0M | ||
| Q3 25 | $2.2B | $110.0M | ||
| Q2 25 | $2.1B | $107.0M | ||
| Q1 25 | $2.0B | $63.0M | ||
| Q4 24 | $1.9B | $69.0M | ||
| Q3 24 | $2.7B | $129.0M | ||
| Q2 24 | $2.7B | $100.0M | ||
| Q1 24 | $2.6B | $143.0M |
总资产SPNTTNET
| Q4 25 | $12.6B | $3.8B | ||
| Q3 25 | $12.5B | $3.4B | ||
| Q2 25 | $12.4B | $3.7B | ||
| Q1 25 | $12.3B | $3.8B | ||
| Q4 24 | $12.5B | $4.1B | ||
| Q3 24 | $12.7B | $3.7B | ||
| Q2 24 | $12.8B | $3.7B | ||
| Q1 24 | $13.1B | $4.0B |
负债/权益比SPNTTNET
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.24× | — | ||
| Q1 24 | 0.30× | — |
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 | $-26.4M | $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 | -0.11× | — |
| 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SPNTTNET
| Q4 25 | $-26.4M | $61.0M | ||
| Q3 25 | $155.6M | $72.0M | ||
| Q2 25 | $62.1M | $75.0M | ||
| Q1 25 | $-88.9M | $95.0M | ||
| Q4 24 | $107.7M | $65.0M | ||
| Q3 24 | $58.1M | $84.0M | ||
| Q2 24 | $-149.9M | $39.0M | ||
| Q1 24 | $58.8M | $91.0M |
自由现金流SPNTTNET
| 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SPNTTNET
| 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SPNTTNET
| 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SPNTTNET
| Q4 25 | -0.11× | — | ||
| Q3 25 | 1.71× | 2.12× | ||
| Q2 25 | 0.98× | 2.03× | ||
| Q1 25 | -1.44× | 1.12× | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.84× | 1.87× | ||
| Q2 24 | -1.32× | 0.65× | ||
| Q1 24 | 0.62× | 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
SPNT
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
