vs
Titan Machinery Inc.（TITN）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Titan Machinery Inc.的1.9倍（$1.2B vs $644.5M），TRINET GROUP, INC.同比增速更快（-2.2% vs -5.2%），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -13.0%）
泰坦机械是全球规模领先的农业与工程机械设备经销商，也是凯斯纽荷兰工业品牌最大的经销商之一，总部位于北达科他州西法戈，经营网点遍布美国中西部、澳大利亚、奥地利、保加利亚、德国、罗马尼亚及乌克兰，目前在纳斯达克挂牌上市，2023年总营收达22.09亿美元。
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。
TITN vs TNET — 直观对比
营收规模更大
TNET
是对方的1.9倍
$644.5M
营收增速更快
TNET
高出3.0%
-5.2%
两年增速更快
TNET
近两年复合增速
-13.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.5M | $1.2B |
| 净利润 | $1.2M | — |
| 毛利率 | 17.2% | — |
| 营业利润率 | 1.6% | 0.1% |
| 净利率 | 0.2% | — |
| 营收同比 | -5.2% | -2.2% |
| 净利润同比 | -30.1% | — |
| 每股收益（稀释后） | $0.05 | $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TITNTNET
| Q4 25 | $644.5M | $1.2B | ||
| Q3 25 | $546.4M | $1.2B | ||
| Q2 25 | $594.3M | $1.2B | ||
| Q1 25 | $759.9M | $1.3B | ||
| Q4 24 | $679.8M | $1.3B | ||
| Q3 24 | $633.7M | $1.2B | ||
| Q2 24 | $628.7M | $1.2B | ||
| Q1 24 | $852.1M | $1.3B |
净利润TITNTNET
| Q4 25 | $1.2M | — | ||
| Q3 25 | $-6.0M | $34.0M | ||
| Q2 25 | $-13.2M | $37.0M | ||
| Q1 25 | $-43.8M | $85.0M | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $-4.3M | $45.0M | ||
| Q2 24 | $9.4M | $60.0M | ||
| Q1 24 | $24.0M | $91.0M |
毛利率TITNTNET
| Q4 25 | 17.2% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 17.7% | — | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 16.6% | — |
营业利润率TITNTNET
| Q4 25 | 1.6% | 0.1% | ||
| Q3 25 | 0.1% | 4.1% | ||
| Q2 25 | -1.0% | 4.1% | ||
| Q1 25 | -6.0% | 8.9% | ||
| Q4 24 | 1.7% | -2.9% | ||
| Q3 24 | 2.5% | 4.7% | ||
| Q2 24 | 3.6% | 6.5% | ||
| Q1 24 | 4.8% | 9.7% |
净利率TITNTNET
| Q4 25 | 0.2% | — | ||
| Q3 25 | -1.1% | 2.8% | ||
| Q2 25 | -2.2% | 3.0% | ||
| Q1 25 | -5.8% | 6.6% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | -0.7% | 3.6% | ||
| Q2 24 | 1.5% | 4.9% | ||
| Q1 24 | 2.8% | 7.2% |
每股收益（稀释后）TITNTNET
| Q4 25 | $0.05 | $0.02 | ||
| Q3 25 | $-0.26 | $0.70 | ||
| Q2 25 | $-0.58 | $0.77 | ||
| Q1 25 | $-1.92 | $1.71 | ||
| Q4 24 | $0.07 | $-0.44 | ||
| Q3 24 | $-0.19 | $0.89 | ||
| Q2 24 | $0.41 | $1.20 | ||
| Q1 24 | $1.04 | $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 | — | $287.0M |
| 总债务越低越好 | $176.6M | — |
| 股东权益账面价值 | $612.6M | $54.0M |
| 总资产 | $1.8B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资TITNTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | — | $321.0M | ||
| Q2 25 | — | $407.0M | ||
| Q1 25 | — | $349.0M | ||
| Q4 24 | — | $360.0M | ||
| Q3 24 | — | $301.0M | ||
| Q2 24 | — | $249.0M | ||
| Q1 24 | — | $383.0M |
总债务TITNTNET
| Q4 25 | $176.6M | — | ||
| Q3 25 | $164.5M | — | ||
| Q2 25 | $165.3M | — | ||
| Q1 25 | $168.7M | — | ||
| Q4 24 | $140.6M | — | ||
| Q3 24 | $126.6M | — | ||
| Q2 24 | $119.3M | — | ||
| Q1 24 | $120.1M | — |
股东权益TITNTNET
| Q4 25 | $612.6M | $54.0M | ||
| Q3 25 | $610.3M | $110.0M | ||
| Q2 25 | $605.4M | $107.0M | ||
| Q1 25 | $614.1M | $63.0M | ||
| Q4 24 | $668.2M | $69.0M | ||
| Q3 24 | $659.6M | $129.0M | ||
| Q2 24 | $662.6M | $100.0M | ||
| Q1 24 | $657.6M | $143.0M |
总资产TITNTNET
| Q4 25 | $1.8B | $3.8B | ||
| Q3 25 | $1.9B | $3.4B | ||
| Q2 25 | $1.8B | $3.7B | ||
| Q1 25 | $1.8B | $3.8B | ||
| Q4 24 | $2.1B | $4.1B | ||
| Q3 24 | $2.2B | $3.7B | ||
| Q2 24 | $2.1B | $3.7B | ||
| Q1 24 | $2.0B | $4.0B |
负债/权益比TITNTNET
| Q4 25 | 0.29× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.19× | — | ||
| Q2 24 | 0.18× | — | ||
| Q1 24 | 0.18× | — |
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 | $34.0M | $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 | 28.37× | — |
| 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TITNTNET
| Q4 25 | $34.0M | $61.0M | ||
| Q3 25 | $43.7M | $72.0M | ||
| Q2 25 | $6.2M | $75.0M | ||
| Q1 25 | $126.5M | $95.0M | ||
| Q4 24 | $-8.8M | $65.0M | ||
| Q3 24 | $-15.0M | $84.0M | ||
| Q2 24 | $-32.4M | $39.0M | ||
| Q1 24 | $49.8M | $91.0M |
自由现金流TITNTNET
| 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 | — | $22.0M | ||
| Q1 24 | — | $73.0M |
自由现金流率TITNTNET
| 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 | — | 1.8% | ||
| Q1 24 | — | 5.8% |
资本支出强度TITNTNET
| 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 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
现金转化率TITNTNET
| Q4 25 | 28.37× | — | ||
| Q3 25 | — | 2.12× | ||
| Q2 25 | — | 2.03× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | -5.15× | — | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | -3.43× | 0.65× | ||
| Q1 24 | 2.08× | 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
TITN
| Agriculture Segment | $420.9M | 65% |
| Sales Of Parts | $122.3M | 19% |
| Service Sales | $48.9M | 8% |
| Australia_segment | $29.9M | 5% |
| Rental And Other | $13.3M | 2% |
| Rental | $10.3M | 2% |
| Other Revenue | $1.1M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
