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思佳讯（SWKS）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.的季度营收约是思佳讯的1.2倍（$1.2B vs $1.0B），思佳讯同比增速更快（8.6% vs -2.2%），思佳讯自由现金流更多（$339.0M vs $43.0M），过去两年思佳讯的营收复合增速更高（-0.5% vs -0.6%）
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
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。
SWKS vs TNET — 直观对比
营收规模更大
TNET
是对方的1.2倍
$1.0B
营收增速更快
SWKS
高出10.8%
-2.2%
自由现金流更多
SWKS
多$296.0M
$43.0M
两年增速更快
SWKS
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $79.2M | — |
| 毛利率 | 41.3% | — |
| 营业利润率 | 10.0% | 0.1% |
| 净利率 | 7.6% | — |
| 营收同比 | 8.6% | -2.2% |
| 净利润同比 | 15.3% | — |
| 每股收益（稀释后） | $0.53 | $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SWKSTNET
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $965.0M | $1.2B | ||
| Q1 25 | $953.2M | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $905.5M | $1.2B |
净利润SWKSTNET
| Q1 26 | $79.2M | — | ||
| Q4 25 | $141.4M | — | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | $105.0M | $37.0M | ||
| Q1 25 | $68.7M | $85.0M | ||
| Q4 24 | $162.0M | — | ||
| Q3 24 | $60.5M | $45.0M | ||
| Q2 24 | $120.9M | $60.0M |
毛利率SWKSTNET
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 41.6% | — | ||
| Q1 25 | 41.1% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 41.9% | — | ||
| Q2 24 | 40.2% | — |
营业利润率SWKSTNET
| Q1 26 | 10.0% | — | ||
| Q4 25 | 10.1% | 0.1% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | 11.5% | 4.1% | ||
| Q1 25 | 10.2% | 8.9% | ||
| Q4 24 | 16.9% | -2.9% | ||
| Q3 24 | 5.8% | 4.7% | ||
| Q2 24 | 14.4% | 6.5% |
净利率SWKSTNET
| Q1 26 | 7.6% | — | ||
| Q4 25 | 12.9% | — | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | 10.9% | 3.0% | ||
| Q1 25 | 7.2% | 6.6% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 5.9% | 3.6% | ||
| Q2 24 | 13.4% | 4.9% |
每股收益（稀释后）SWKSTNET
| Q1 26 | $0.53 | — | ||
| Q4 25 | $0.95 | $0.02 | ||
| Q3 25 | — | $0.70 | ||
| Q2 25 | $0.70 | $0.77 | ||
| Q1 25 | $0.43 | $1.71 | ||
| Q4 24 | $1.00 | $-0.44 | ||
| Q3 24 | $0.36 | $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 | $1.6B | $287.0M |
| 总债务越低越好 | $496.6M | — |
| 股东权益账面价值 | $5.8B | $54.0M |
| 总资产 | $7.9B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资SWKSTNET
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.4B | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | $1.3B | $407.0M | ||
| Q1 25 | $1.5B | $349.0M | ||
| Q4 24 | $1.7B | $360.0M | ||
| Q3 24 | $1.6B | $301.0M | ||
| Q2 24 | $1.3B | $249.0M |
总债务SWKSTNET
| Q1 26 | $496.6M | — | ||
| Q4 25 | $496.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $496.2M | — | ||
| Q1 25 | $995.1M | — | ||
| Q4 24 | $994.7M | — | ||
| Q3 24 | $994.3M | — | ||
| Q2 24 | $994.0M | — |
股东权益SWKSTNET
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.8B | $54.0M | ||
| Q3 25 | — | $110.0M | ||
| Q2 25 | $5.7B | $107.0M | ||
| Q1 25 | $5.9B | $63.0M | ||
| Q4 24 | $6.4B | $69.0M | ||
| Q3 24 | $6.3B | $129.0M | ||
| Q2 24 | $6.3B | $100.0M |
总资产SWKSTNET
| Q1 26 | $7.9B | — | ||
| Q4 25 | $7.9B | $3.8B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $7.7B | $3.7B | ||
| Q1 25 | $7.9B | $3.8B | ||
| Q4 24 | $8.3B | $4.1B | ||
| Q3 24 | $8.3B | $3.7B | ||
| Q2 24 | $8.2B | $3.7B |
负债/权益比SWKSTNET
| Q1 26 | 0.09× | — | ||
| Q4 25 | 0.09× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.17× | — | ||
| Q4 24 | 0.16× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.16× | — |
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 | $395.5M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $339.0M | $43.0M |
| 自由现金流率自由现金流/营收 | 32.7% | 3.4% |
| 资本支出强度资本支出/营收 | 5.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 4.99× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $234.0M |
8季度趋势，按日历期对齐
经营现金流SWKSTNET
| Q1 26 | $395.5M | — | ||
| Q4 25 | $200.0M | $61.0M | ||
| Q3 25 | — | $72.0M | ||
| Q2 25 | $314.2M | $75.0M | ||
| Q1 25 | $409.4M | $95.0M | ||
| Q4 24 | $377.2M | $65.0M | ||
| Q3 24 | $476.1M | $84.0M | ||
| Q2 24 | $273.4M | $39.0M |
自由现金流SWKSTNET
| Q1 26 | $339.0M | — | ||
| Q4 25 | $144.0M | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | $252.7M | $57.0M | ||
| Q1 25 | $370.9M | $79.0M | ||
| Q4 24 | $338.2M | $47.0M | ||
| Q3 24 | $393.3M | $59.0M | ||
| Q2 24 | $249.0M | $22.0M |
自由现金流率SWKSTNET
| Q1 26 | 32.7% | — | ||
| Q4 25 | 13.1% | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | 26.2% | 4.6% | ||
| Q1 25 | 38.9% | 6.1% | ||
| Q4 24 | 31.7% | 3.7% | ||
| Q3 24 | 38.4% | 4.8% | ||
| Q2 24 | 27.5% | 1.8% |
资本支出强度SWKSTNET
| Q1 26 | 5.5% | — | ||
| Q4 25 | 5.1% | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | 6.4% | 1.5% | ||
| Q1 25 | 4.0% | 1.2% | ||
| Q4 24 | 3.6% | 1.4% | ||
| Q3 24 | 8.1% | 2.0% | ||
| Q2 24 | 2.7% | 1.4% |
现金转化率SWKSTNET
| Q1 26 | 4.99× | — | ||
| Q4 25 | 1.41× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | 2.99× | 2.03× | ||
| Q1 25 | 5.96× | 1.12× | ||
| Q4 24 | 2.33× | — | ||
| Q3 24 | 7.87× | 1.87× | ||
| Q2 24 | 2.26× | 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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
