vs
凯旋（TFIN）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
凯旋的季度营收约是TRINET GROUP, INC.的1.9倍（$2.4B vs $1.2B），凯旋同比增速更快（100.5% vs -2.2%），过去两年凯旋的营收复合增速更高（377.6% vs -0.6%）
凯旋汽车公司是19至20世纪活跃于英国的汽车与发动机制造企业，品牌起源可追溯到1885年。来自纽伦堡的齐格弗里德·贝特曼在伦敦成立公司，最初从欧洲进口自行车以自有商标销售，次年商标正式定为“凯旋”，1889年开始自主生产自行车。
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。
TFIN vs TNET — 直观对比
营收规模更大
TFIN
是对方的1.9倍
$1.2B
营收增速更快
TFIN
高出102.7%
-2.2%
两年增速更快
TFIN
近两年复合增速
-0.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $1.2B |
| 净利润 | $6.4M | — |
| 毛利率 | 86.1% | — |
| 营业利润率 | — | 0.1% |
| 净利率 | 0.3% | — |
| 营收同比 | 100.5% | -2.2% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.23 | $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TFINTNET
| Q1 26 | $2.4B | — | ||
| Q4 25 | $120.1M | $1.2B | ||
| Q3 25 | $109.3M | $1.2B | ||
| Q2 25 | $108.1M | $1.2B | ||
| Q1 25 | $101.6M | $1.3B | ||
| Q4 24 | $103.6M | $1.3B | ||
| Q3 24 | $106.2M | $1.2B | ||
| Q2 24 | $105.1M | $1.2B |
净利润TFINTNET
| Q1 26 | $6.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $1.7M | $34.0M | ||
| Q2 25 | $4.4M | $37.0M | ||
| Q1 25 | $17.0K | $85.0M | ||
| Q4 24 | $3.8M | — | ||
| Q3 24 | $5.3M | $45.0M | ||
| Q2 24 | $2.7M | $60.0M |
毛利率TFINTNET
| Q1 26 | 86.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | 1.2% | 4.1% | ||
| Q2 25 | 7.3% | 4.1% | ||
| Q1 25 | 0.1% | 8.9% | ||
| Q4 24 | 5.6% | -2.9% | ||
| Q3 24 | 5.9% | 4.7% | ||
| Q2 24 | 3.4% | 6.5% |
净利率TFINTNET
| Q1 26 | 0.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.6% | 2.8% | ||
| Q2 25 | 4.1% | 3.0% | ||
| Q1 25 | 0.0% | 6.6% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 5.0% | 3.6% | ||
| Q2 24 | 2.6% | 4.9% |
每股收益（稀释后）TFINTNET
| Q1 26 | $0.23 | — | ||
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.04 | $0.70 | ||
| Q2 25 | $0.15 | $0.77 | ||
| Q1 25 | $-0.03 | $1.71 | ||
| Q4 24 | $0.13 | $-0.44 | ||
| Q3 24 | $0.19 | $0.89 | ||
| Q2 24 | $0.08 | $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 | — | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $950.7M | $54.0M |
| 总资产 | $6.9B | $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TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | $248.5M | $287.0M | ||
| Q3 25 | $147.2M | $321.0M | ||
| Q2 25 | $282.3M | $407.0M | ||
| Q1 25 | $502.9M | $349.0M | ||
| Q4 24 | $330.1M | $360.0M | ||
| Q3 24 | $489.3M | $301.0M | ||
| Q2 24 | $500.7M | $249.0M |
股东权益TFINTNET
| Q1 26 | $950.7M | — | ||
| Q4 25 | $941.8M | $54.0M | ||
| Q3 25 | $919.3M | $110.0M | ||
| Q2 25 | $912.4M | $107.0M | ||
| Q1 25 | $893.9M | $63.0M | ||
| Q4 24 | $890.9M | $69.0M | ||
| Q3 24 | $885.8M | $129.0M | ||
| Q2 24 | $874.2M | $100.0M |
总资产TFINTNET
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.4B | $3.8B | ||
| Q3 25 | $6.4B | $3.4B | ||
| Q2 25 | $6.5B | $3.7B | ||
| Q1 25 | $6.3B | $3.8B | ||
| Q4 24 | $5.9B | $4.1B | ||
| Q3 24 | $5.9B | $3.7B | ||
| Q2 24 | $5.8B | $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 | — | $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 | — | — |
| 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TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | $67.1M | $61.0M | ||
| Q3 25 | $24.4M | $72.0M | ||
| Q2 25 | $9.8M | $75.0M | ||
| Q1 25 | $-3.6M | $95.0M | ||
| Q4 24 | $58.5M | $65.0M | ||
| Q3 24 | $26.6M | $84.0M | ||
| Q2 24 | $21.9M | $39.0M |
自由现金流TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | — | $43.0M | ||
| Q3 25 | $22.4M | $55.0M | ||
| Q2 25 | $6.8M | $57.0M | ||
| Q1 25 | $-7.9M | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | $25.8M | $59.0M | ||
| Q2 24 | $-31.9M | $22.0M |
自由现金流率TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | 20.5% | 4.5% | ||
| Q2 25 | 6.2% | 4.6% | ||
| Q1 25 | -7.7% | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 24.3% | 4.8% | ||
| Q2 24 | -30.3% | 1.8% |
资本支出强度TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 2.8% | 1.5% | ||
| Q1 25 | 4.2% | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 51.1% | 1.4% |
现金转化率TFINTNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 14.29× | 2.12× | ||
| Q2 25 | 2.22× | 2.03× | ||
| Q1 25 | -212.82× | 1.12× | ||
| Q4 24 | 15.25× | — | ||
| Q3 24 | 4.97× | 1.87× | ||
| Q2 24 | 7.95× | 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
TFIN
暂无分部数据
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
