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Teledyne Technologies（TDY）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
Teledyne Technologies的季度营收约是TRINET GROUP, INC.的1.3倍（$1.6B vs $1.2B），Teledyne Technologies同比增速更快（7.3% vs -2.2%），Teledyne Technologies自由现金流更多（$339.2M vs $43.0M），过去两年Teledyne Technologies的营收复合增速更高（9.3% vs -0.6%）
Teledyne Technologies是美国大型工业集团企业，1960年由亨利·辛格尔顿与乔治·科兹梅茨基共同创立，最初成立时名为Teledyne Inc.，发展至今在全球工业技术领域拥有较高的行业知名度与市场影响力。
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。
TDY vs TNET — 直观对比
营收规模更大
TDY
是对方的1.3倍
$1.2B
营收增速更快
TDY
高出9.5%
-2.2%
自由现金流更多
TDY
多$296.2M
$43.0M
两年增速更快
TDY
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $275.6M | — |
| 毛利率 | 42.9% | — |
| 营业利润率 | 20.4% | 0.1% |
| 净利率 | 17.1% | — |
| 营收同比 | 7.3% | -2.2% |
| 净利润同比 | 38.8% | — |
| 每股收益（稀释后） | $5.81 | $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TDYTNET
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.4B | $1.3B |
净利润TDYTNET
| Q4 25 | $275.6M | — | ||
| Q3 25 | $220.7M | $34.0M | ||
| Q2 25 | $209.9M | $37.0M | ||
| Q1 25 | $188.6M | $85.0M | ||
| Q4 24 | $198.5M | — | ||
| Q3 24 | $262.0M | $45.0M | ||
| Q2 24 | $180.2M | $60.0M | ||
| Q1 24 | $178.5M | $91.0M |
毛利率TDYTNET
| Q4 25 | 42.9% | — | ||
| Q3 25 | 42.8% | — | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 42.7% | — | ||
| Q4 24 | 42.8% | — | ||
| Q3 24 | 42.9% | — | ||
| Q2 24 | 43.1% | — | ||
| Q1 24 | 43.0% | — |
营业利润率TDYTNET
| Q4 25 | 20.4% | 0.1% | ||
| Q3 25 | 18.4% | 4.1% | ||
| Q2 25 | 18.4% | 4.1% | ||
| Q1 25 | 17.9% | 8.9% | ||
| Q4 24 | 15.8% | -2.9% | ||
| Q3 24 | 18.8% | 4.7% | ||
| Q2 24 | 18.0% | 6.5% | ||
| Q1 24 | 17.4% | 9.7% |
净利率TDYTNET
| Q4 25 | 17.1% | — | ||
| Q3 25 | 14.3% | 2.8% | ||
| Q2 25 | 13.9% | 3.0% | ||
| Q1 25 | 13.0% | 6.6% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 18.2% | 3.6% | ||
| Q2 24 | 13.1% | 4.9% | ||
| Q1 24 | 13.2% | 7.2% |
每股收益（稀释后）TDYTNET
| Q4 25 | $5.81 | $0.02 | ||
| Q3 25 | $4.65 | $0.70 | ||
| Q2 25 | $4.43 | $0.77 | ||
| Q1 25 | $3.99 | $1.71 | ||
| Q4 24 | $4.18 | $-0.44 | ||
| Q3 24 | $5.54 | $0.89 | ||
| Q2 24 | $3.77 | $1.20 | ||
| Q1 24 | $3.72 | $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 | $352.4M | $287.0M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $10.5B | $54.0M |
| 总资产 | $15.3B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.24× | — |
8季度趋势，按日历期对齐
现金及短期投资TDYTNET
| Q4 25 | $352.4M | $287.0M | ||
| Q3 25 | $528.6M | $321.0M | ||
| Q2 25 | $310.9M | $407.0M | ||
| Q1 25 | $461.5M | $349.0M | ||
| Q4 24 | $649.8M | $360.0M | ||
| Q3 24 | $561.0M | $301.0M | ||
| Q2 24 | $443.2M | $249.0M | ||
| Q1 24 | $912.4M | $383.0M |
总债务TDYTNET
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $3.2B | — |
股东权益TDYTNET
| Q4 25 | $10.5B | $54.0M | ||
| Q3 25 | $10.6B | $110.0M | ||
| Q2 25 | $10.4B | $107.0M | ||
| Q1 25 | $9.9B | $63.0M | ||
| Q4 24 | $9.5B | $69.0M | ||
| Q3 24 | $9.6B | $129.0M | ||
| Q2 24 | $9.3B | $100.0M | ||
| Q1 24 | $9.3B | $143.0M |
总资产TDYTNET
| Q4 25 | $15.3B | $3.8B | ||
| Q3 25 | $15.4B | $3.4B | ||
| Q2 25 | $15.1B | $3.7B | ||
| Q1 25 | $15.0B | $3.8B | ||
| Q4 24 | $14.2B | $4.1B | ||
| Q3 24 | $14.5B | $3.7B | ||
| Q2 24 | $14.2B | $3.7B | ||
| Q1 24 | $14.6B | $4.0B |
负债/权益比TDYTNET
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.35× | — |
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 | $379.0M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $339.2M | $43.0M |
| 自由现金流率自由现金流/营收 | 21.0% | 3.4% |
| 资本支出强度资本支出/营收 | 2.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.38× | — |
| 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TDYTNET
| Q4 25 | $379.0M | $61.0M | ||
| Q3 25 | $343.1M | $72.0M | ||
| Q2 25 | $226.6M | $75.0M | ||
| Q1 25 | $242.6M | $95.0M | ||
| Q4 24 | $332.4M | $65.0M | ||
| Q3 24 | $249.8M | $84.0M | ||
| Q2 24 | $318.7M | $39.0M | ||
| Q1 24 | $291.0M | $91.0M |
自由现金流TDYTNET
| Q4 25 | $339.2M | $43.0M | ||
| Q3 25 | $313.9M | $55.0M | ||
| Q2 25 | $196.3M | $57.0M | ||
| Q1 25 | $224.6M | $79.0M | ||
| Q4 24 | $303.4M | $47.0M | ||
| Q3 24 | $228.7M | $59.0M | ||
| Q2 24 | $301.0M | $22.0M | ||
| Q1 24 | $275.1M | $73.0M |
自由现金流率TDYTNET
| Q4 25 | 21.0% | 3.4% | ||
| Q3 25 | 20.4% | 4.5% | ||
| Q2 25 | 13.0% | 4.6% | ||
| Q1 25 | 15.5% | 6.1% | ||
| Q4 24 | 20.2% | 3.7% | ||
| Q3 24 | 15.8% | 4.8% | ||
| Q2 24 | 21.9% | 1.8% | ||
| Q1 24 | 20.4% | 5.8% |
资本支出强度TDYTNET
| Q4 25 | 2.5% | 1.4% | ||
| Q3 25 | 1.9% | 1.4% | ||
| Q2 25 | 2.0% | 1.5% | ||
| Q1 25 | 1.2% | 1.2% | ||
| Q4 24 | 1.9% | 1.4% | ||
| Q3 24 | 1.5% | 2.0% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 1.2% | 1.4% |
现金转化率TDYTNET
| Q4 25 | 1.38× | — | ||
| Q3 25 | 1.55× | 2.12× | ||
| Q2 25 | 1.08× | 2.03× | ||
| Q1 25 | 1.29× | 1.12× | ||
| Q4 24 | 1.67× | — | ||
| Q3 24 | 0.95× | 1.87× | ||
| Q2 24 | 1.77× | 0.65× | ||
| Q1 24 | 1.63× | 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
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
