vs
TreeHouse Foods, Inc.（THS）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TreeHouse Foods, Inc.的1.5倍（$1.2B vs $840.3M），TreeHouse Foods, Inc.同比增速更快（0.1% vs -2.2%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -3.9%）
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
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。
THS vs TNET — 直观对比
营收规模更大
TNET
是对方的1.5倍
$840.3M
营收增速更快
THS
高出2.3%
-2.2%
两年增速更快
TNET
近两年复合增速
-3.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $840.3M | $1.2B |
| 净利润 | $-265.8M | — |
| 毛利率 | 18.8% | — |
| 营业利润率 | -30.2% | 0.1% |
| 净利率 | -31.6% | — |
| 营收同比 | 0.1% | -2.2% |
| 净利润同比 | -7717.6% | — |
| 每股收益（稀释后） | $-5.26 | $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THSTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $840.3M | $1.2B | ||
| Q2 25 | $798.0M | $1.2B | ||
| Q1 25 | $792.0M | $1.3B | ||
| Q4 24 | $905.7M | $1.3B | ||
| Q3 24 | $839.1M | $1.2B | ||
| Q2 24 | $788.5M | $1.2B | ||
| Q1 24 | $820.7M | $1.3B |
净利润THSTNET
| Q4 25 | — | — | ||
| Q3 25 | $-265.8M | $34.0M | ||
| Q2 25 | $-2.9M | $37.0M | ||
| Q1 25 | $-31.8M | $85.0M | ||
| Q4 24 | $58.7M | — | ||
| Q3 24 | $-3.4M | $45.0M | ||
| Q2 24 | $-16.7M | $60.0M | ||
| Q1 24 | $-11.7M | $91.0M |
毛利率THSTNET
| Q4 25 | — | — | ||
| Q3 25 | 18.8% | — | ||
| Q2 25 | 17.4% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 16.3% | — | ||
| Q1 24 | 13.6% | — |
营业利润率THSTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | -30.2% | 4.1% | ||
| Q2 25 | 3.4% | 4.1% | ||
| Q1 25 | -0.7% | 8.9% | ||
| Q4 24 | 8.9% | -2.9% | ||
| Q3 24 | 3.8% | 4.7% | ||
| Q2 24 | -0.5% | 6.5% | ||
| Q1 24 | -0.6% | 9.7% |
净利率THSTNET
| Q4 25 | — | — | ||
| Q3 25 | -31.6% | 2.8% | ||
| Q2 25 | -0.4% | 3.0% | ||
| Q1 25 | -4.0% | 6.6% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | -0.4% | 3.6% | ||
| Q2 24 | -2.1% | 4.9% | ||
| Q1 24 | -1.4% | 7.2% |
每股收益（稀释后）THSTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $-5.26 | $0.70 | ||
| Q2 25 | $-0.06 | $0.77 | ||
| Q1 25 | $-0.63 | $1.71 | ||
| Q4 24 | $1.12 | $-0.44 | ||
| Q3 24 | $-0.07 | $0.89 | ||
| Q2 24 | $-0.32 | $1.20 | ||
| Q1 24 | $-0.22 | $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 | $21.0M | $287.0M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.3B | $54.0M |
| 总资产 | $3.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.18× | — |
8季度趋势，按日历期对齐
现金及短期投资THSTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $21.0M | $321.0M | ||
| Q2 25 | $17.1M | $407.0M | ||
| Q1 25 | $16.4M | $349.0M | ||
| Q4 24 | $289.6M | $360.0M | ||
| Q3 24 | $102.0M | $301.0M | ||
| Q2 24 | $105.8M | $249.0M | ||
| Q1 24 | $191.8M | $383.0M |
总债务THSTNET
| Q4 25 | — | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益THSTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $1.3B | $110.0M | ||
| Q2 25 | $1.5B | $107.0M | ||
| Q1 25 | $1.5B | $63.0M | ||
| Q4 24 | $1.5B | $69.0M | ||
| Q3 24 | $1.6B | $129.0M | ||
| Q2 24 | $1.6B | $100.0M | ||
| Q1 24 | $1.6B | $143.0M |
总资产THSTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $3.8B | $3.4B | ||
| Q2 25 | $4.0B | $3.7B | ||
| Q1 25 | $3.9B | $3.8B | ||
| Q4 24 | $4.0B | $4.1B | ||
| Q3 24 | $4.0B | $3.7B | ||
| Q2 24 | $3.9B | $3.7B | ||
| Q1 24 | $4.0B | $4.0B |
负债/权益比THSTNET
| Q4 25 | — | — | ||
| Q3 25 | 1.18× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.93× | — | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 0.90× | — | ||
| Q2 24 | 0.90× | — | ||
| Q1 24 | 0.87× | — |
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 | $38.2M | $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THSTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $38.2M | $72.0M | ||
| Q2 25 | $-47.2M | $75.0M | ||
| Q1 25 | $-53.5M | $95.0M | ||
| Q4 24 | $296.2M | $65.0M | ||
| Q3 24 | $41.4M | $84.0M | ||
| Q2 24 | $-19.4M | $39.0M | ||
| Q1 24 | $-52.4M | $91.0M |
自由现金流THSTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | — | $55.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $79.0M | ||
| Q4 24 | — | $47.0M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | $-42.2M | $22.0M | ||
| Q1 24 | $-80.7M | $73.0M |
自由现金流率THSTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 6.1% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | -5.4% | 1.8% | ||
| Q1 24 | -9.8% | 5.8% |
资本支出强度THSTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | 2.9% | 1.4% | ||
| Q1 24 | 3.4% | 1.4% |
现金转化率THSTNET
| Q4 25 | — | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | 5.05× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 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
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
