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泰瑞达（TER）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
泰瑞达的季度营收约是TRINET GROUP, INC.的1.0倍（$1.3B vs $1.2B），泰瑞达同比增速更快（87.0% vs -2.2%），过去两年泰瑞达的营收复合增速更高（32.6% vs -0.6%）
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
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。
TER vs TNET — 直观对比
营收规模更大
TER
是对方的1.0倍
$1.2B
营收增速更快
TER
高出89.2%
-2.2%
两年增速更快
TER
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.2B |
| 净利润 | $398.9M | — |
| 毛利率 | 60.9% | — |
| 营业利润率 | 36.9% | 0.1% |
| 净利率 | 31.1% | — |
| 营收同比 | 87.0% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $2.53 | $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TERTNET
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $769.2M | $1.2B | ||
| Q2 25 | $651.8M | $1.2B | ||
| Q1 25 | $685.7M | $1.3B | ||
| Q4 24 | $752.9M | $1.3B | ||
| Q3 24 | $737.3M | $1.2B | ||
| Q2 24 | $729.9M | $1.2B |
净利润TERTNET
| Q1 26 | $398.9M | — | ||
| Q4 25 | $257.2M | — | ||
| Q3 25 | $119.6M | $34.0M | ||
| Q2 25 | $78.4M | $37.0M | ||
| Q1 25 | $98.9M | $85.0M | ||
| Q4 24 | $146.3M | — | ||
| Q3 24 | $145.6M | $45.0M | ||
| Q2 24 | $186.3M | $60.0M |
毛利率TERTNET
| Q1 26 | 60.9% | — | ||
| Q4 25 | 57.2% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 57.2% | — | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 59.4% | — | ||
| Q3 24 | 59.2% | — | ||
| Q2 24 | 58.3% | — |
营业利润率TERTNET
| Q1 26 | 36.9% | — | ||
| Q4 25 | 27.1% | 0.1% | ||
| Q3 25 | 18.9% | 4.1% | ||
| Q2 25 | 13.9% | 4.1% | ||
| Q1 25 | 17.6% | 8.9% | ||
| Q4 24 | 20.4% | -2.9% | ||
| Q3 24 | 20.6% | 4.7% | ||
| Q2 24 | 28.8% | 6.5% |
净利率TERTNET
| Q1 26 | 31.1% | — | ||
| Q4 25 | 23.7% | — | ||
| Q3 25 | 15.5% | 2.8% | ||
| Q2 25 | 12.0% | 3.0% | ||
| Q1 25 | 14.4% | 6.6% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 19.8% | 3.6% | ||
| Q2 24 | 25.5% | 4.9% |
每股收益（稀释后）TERTNET
| Q1 26 | $2.53 | — | ||
| Q4 25 | $1.62 | $0.02 | ||
| Q3 25 | $0.75 | $0.70 | ||
| Q2 25 | $0.49 | $0.77 | ||
| Q1 25 | $0.61 | $1.71 | ||
| Q4 24 | $0.89 | $-0.44 | ||
| Q3 24 | $0.89 | $0.89 | ||
| Q2 24 | $1.14 | $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 | $241.9M | $287.0M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | — | $54.0M |
| 总资产 | $4.4B | $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TERTNET
| Q1 26 | $241.9M | — | ||
| Q4 25 | $293.8M | $287.0M | ||
| Q3 25 | $272.7M | $321.0M | ||
| Q2 25 | $339.3M | $407.0M | ||
| Q1 25 | $475.6M | $349.0M | ||
| Q4 24 | $553.4M | $360.0M | ||
| Q3 24 | $510.0M | $301.0M | ||
| Q2 24 | $421.9M | $249.0M |
总债务TERTNET
| Q1 26 | $0 | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益TERTNET
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $54.0M | ||
| Q3 25 | $2.7B | $110.0M | ||
| Q2 25 | $2.8B | $107.0M | ||
| Q1 25 | $2.8B | $63.0M | ||
| Q4 24 | $2.8B | $69.0M | ||
| Q3 24 | $2.9B | $129.0M | ||
| Q2 24 | $2.7B | $100.0M |
总资产TERTNET
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $3.8B | ||
| Q3 25 | $4.0B | $3.4B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | $3.7B | $3.8B | ||
| Q4 24 | $3.7B | $4.1B | ||
| Q3 24 | $3.8B | $3.7B | ||
| Q2 24 | $3.6B | $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 | $265.1M | $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 | 0.66× | — |
| 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TERTNET
| Q1 26 | $265.1M | — | ||
| Q4 25 | $281.6M | $61.0M | ||
| Q3 25 | $49.0M | $72.0M | ||
| Q2 25 | $182.1M | $75.0M | ||
| Q1 25 | $161.6M | $95.0M | ||
| Q4 24 | $282.6M | $65.0M | ||
| Q3 24 | $166.3M | $84.0M | ||
| Q2 24 | $216.1M | $39.0M |
自由现金流TERTNET
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $43.0M | ||
| Q3 25 | $2.4M | $55.0M | ||
| Q2 25 | $131.7M | $57.0M | ||
| Q1 25 | $97.6M | $79.0M | ||
| Q4 24 | $225.2M | $47.0M | ||
| Q3 24 | $114.4M | $59.0M | ||
| Q2 24 | $171.2M | $22.0M |
自由现金流率TERTNET
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 3.4% | ||
| Q3 25 | 0.3% | 4.5% | ||
| Q2 25 | 20.2% | 4.6% | ||
| Q1 25 | 14.2% | 6.1% | ||
| Q4 24 | 29.9% | 3.7% | ||
| Q3 24 | 15.5% | 4.8% | ||
| Q2 24 | 23.5% | 1.8% |
资本支出强度TERTNET
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 1.4% | ||
| Q3 25 | 6.1% | 1.4% | ||
| Q2 25 | 7.7% | 1.5% | ||
| Q1 25 | 9.3% | 1.2% | ||
| Q4 24 | 7.6% | 1.4% | ||
| Q3 24 | 7.0% | 2.0% | ||
| Q2 24 | 6.1% | 1.4% |
现金转化率TERTNET
| Q1 26 | 0.66× | — | ||
| Q4 25 | 1.09× | — | ||
| Q3 25 | 0.41× | 2.12× | ||
| Q2 25 | 2.32× | 2.03× | ||
| Q1 25 | 1.63× | 1.12× | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 1.14× | 1.87× | ||
| Q2 24 | 1.16× | 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
TER
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
