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SS&C Technologies Holdings Inc（SSNC）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
SS&C Technologies Holdings Inc的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），SS&C Technologies Holdings Inc同比增速更快（8.8% vs -2.2%），过去两年SS&C Technologies Holdings Inc的营收复合增速更高（6.5% vs -0.6%）
SS&C Technologies Holdings Inc.是总部位于美国康涅狄格州温莎的跨国控股企业，面向金融服务行业提供专业软件及软件即服务（SaaS）解决方案，业务覆盖全球，在美洲、欧洲、亚洲、非洲及澳洲均设有办公网点。
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。
SSNC vs TNET — 直观对比
营收规模更大
SSNC
是对方的1.3倍
$1.2B
营收增速更快
SSNC
高出11.0%
-2.2%
两年增速更快
SSNC
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $226.1M | — |
| 毛利率 | 48.7% | — |
| 营业利润率 | 24.2% | 0.1% |
| 净利率 | 13.7% | — |
| 营收同比 | 8.8% | -2.2% |
| 净利润同比 | 6.2% | — |
| 每股收益（稀释后） | $0.91 | $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SSNCTNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B |
净利润SSNCTNET
| Q1 26 | $226.1M | — | ||
| Q4 25 | $193.1M | — | ||
| Q3 25 | $210.0M | $34.0M | ||
| Q2 25 | $180.8M | $37.0M | ||
| Q1 25 | $213.0M | $85.0M | ||
| Q4 24 | $248.2M | — | ||
| Q3 24 | $164.4M | $45.0M | ||
| Q2 24 | $190.3M | $60.0M |
毛利率SSNCTNET
| Q1 26 | 48.7% | — | ||
| Q4 25 | 47.8% | — | ||
| Q3 25 | 47.7% | — | ||
| Q2 25 | 48.0% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 48.0% | — | ||
| Q2 24 | 48.1% | — |
营业利润率SSNCTNET
| Q1 26 | 24.2% | — | ||
| Q4 25 | 22.3% | 0.1% | ||
| Q3 25 | 23.3% | 4.1% | ||
| Q2 25 | 22.4% | 4.1% | ||
| Q1 25 | 23.6% | 8.9% | ||
| Q4 24 | 23.4% | -2.9% | ||
| Q3 24 | 22.2% | 4.7% | ||
| Q2 24 | 22.6% | 6.5% |
净利率SSNCTNET
| Q1 26 | 13.7% | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | 13.4% | 2.8% | ||
| Q2 25 | 11.8% | 3.0% | ||
| Q1 25 | 14.1% | 6.6% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 11.2% | 3.6% | ||
| Q2 24 | 13.1% | 4.9% |
每股收益（稀释后）SSNCTNET
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.76 | $0.02 | ||
| Q3 25 | $0.83 | $0.70 | ||
| Q2 25 | $0.72 | $0.77 | ||
| Q1 25 | $0.84 | $1.71 | ||
| Q4 24 | $0.98 | $-0.44 | ||
| Q3 24 | $0.65 | $0.89 | ||
| Q2 24 | $0.75 | $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 | $420.9M | $287.0M |
| 总债务越低越好 | $7.4B | — |
| 股东权益账面价值 | $6.9B | $54.0M |
| 总资产 | $20.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.08× | — |
8季度趋势，按日历期对齐
现金及短期投资SSNCTNET
| Q1 26 | $420.9M | — | ||
| Q4 25 | $462.1M | $287.0M | ||
| Q3 25 | $388.3M | $321.0M | ||
| Q2 25 | $480.3M | $407.0M | ||
| Q1 25 | $515.0M | $349.0M | ||
| Q4 24 | $567.1M | $360.0M | ||
| Q3 24 | $694.7M | $301.0M | ||
| Q2 24 | $462.7M | $249.0M |
总债务SSNCTNET
| Q1 26 | $7.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SSNCTNET
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $54.0M | ||
| Q3 25 | $6.9B | $110.0M | ||
| Q2 25 | $6.9B | $107.0M | ||
| Q1 25 | $6.8B | $63.0M | ||
| Q4 24 | $6.5B | $69.0M | ||
| Q3 24 | $6.8B | $129.0M | ||
| Q2 24 | $6.4B | $100.0M |
总资产SSNCTNET
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.7B | $3.8B | ||
| Q3 25 | $19.5B | $3.4B | ||
| Q2 25 | $19.0B | $3.7B | ||
| Q1 25 | $20.4B | $3.8B | ||
| Q4 24 | $19.0B | $4.1B | ||
| Q3 24 | $18.4B | $3.7B | ||
| Q2 24 | $16.9B | $3.7B |
负债/权益比SSNCTNET
| Q1 26 | 1.08× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $299.7M | $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 | 0.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.33× | — |
| 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SSNCTNET
| Q1 26 | $299.7M | — | ||
| Q4 25 | $643.5M | $61.0M | ||
| Q3 25 | $456.2M | $72.0M | ||
| Q2 25 | $372.9M | $75.0M | ||
| Q1 25 | $272.2M | $95.0M | ||
| Q4 24 | $486.6M | $65.0M | ||
| Q3 24 | $336.6M | $84.0M | ||
| Q2 24 | $384.9M | $39.0M |
自由现金流SSNCTNET
| Q1 26 | — | — | ||
| Q4 25 | $633.0M | $43.0M | ||
| Q3 25 | $421.5M | $55.0M | ||
| Q2 25 | $350.0M | $57.0M | ||
| Q1 25 | $259.5M | $79.0M | ||
| Q4 24 | $466.9M | $47.0M | ||
| Q3 24 | $310.7M | $59.0M | ||
| Q2 24 | $374.9M | $22.0M |
自由现金流率SSNCTNET
| Q1 26 | — | — | ||
| Q4 25 | 38.3% | 3.4% | ||
| Q3 25 | 26.9% | 4.5% | ||
| Q2 25 | 22.8% | 4.6% | ||
| Q1 25 | 17.1% | 6.1% | ||
| Q4 24 | 30.5% | 3.7% | ||
| Q3 24 | 21.2% | 4.8% | ||
| Q2 24 | 25.8% | 1.8% |
资本支出强度SSNCTNET
| Q1 26 | 0.0% | — | ||
| Q4 25 | 0.6% | 1.4% | ||
| Q3 25 | 2.2% | 1.4% | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 1.3% | 1.4% | ||
| Q3 24 | 1.8% | 2.0% | ||
| Q2 24 | 0.7% | 1.4% |
现金转化率SSNCTNET
| Q1 26 | 1.33× | — | ||
| Q4 25 | 3.33× | — | ||
| Q3 25 | 2.17× | 2.12× | ||
| Q2 25 | 2.06× | 2.03× | ||
| Q1 25 | 1.28× | 1.12× | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 2.05× | 1.87× | ||
| Q2 24 | 2.02× | 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
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
