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TRINET GROUP, INC.（TNET）与TTM TECHNOLOGIES INC（TTMI）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TTM TECHNOLOGIES INC的1.5倍（$1.2B vs $846.0M），TTM TECHNOLOGIES INC同比增速更快（30.4% vs -2.2%），过去两年TTM TECHNOLOGIES INC的营收复合增速更高（21.8% vs -0.6%）
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。
TTM科技是总部位于美国加利福尼亚州圣安娜的印刷电路板（PCB）生产商，成立于1998年，位列全球PCB制造商前五，是北美最大的PCB生产企业，同时也是美国军方最大的PCB供应商，服务航空航天、国防、医疗、工业、汽车、计算、网络等多个领域的客户。
TNET vs TTMI — 直观对比
营收规模更大
TNET
是对方的1.5倍
$846.0M
营收增速更快
TTMI
高出32.6%
-2.2%
两年增速更快
TTMI
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $846.0M |
| 净利润 | — | $50.0M |
| 毛利率 | — | 21.4% |
| 营业利润率 | 0.1% | 8.6% |
| 净利率 | — | 5.9% |
| 营收同比 | -2.2% | 30.4% |
| 净利润同比 | — | 55.3% |
| 每股收益（稀释后） | $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TNETTTMI
| Q1 26 | — | $846.0M | ||
| Q4 25 | $1.2B | $774.3M | ||
| Q3 25 | $1.2B | $752.7M | ||
| Q2 25 | $1.2B | $730.6M | ||
| Q1 25 | $1.3B | $648.7M | ||
| Q4 24 | $1.3B | $651.0M | ||
| Q3 24 | $1.2B | $616.5M | ||
| Q2 24 | $1.2B | $570.1M |
净利润TNETTTMI
| Q1 26 | — | $50.0M | ||
| Q4 25 | — | $50.7M | ||
| Q3 25 | $34.0M | $53.1M | ||
| Q2 25 | $37.0M | $41.5M | ||
| Q1 25 | $85.0M | $32.2M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | $45.0M | $14.3M | ||
| Q2 24 | $60.0M | $10.5M |
毛利率TNETTTMI
| Q1 26 | — | 21.4% | ||
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 18.2% |
营业利润率TNETTTMI
| Q1 26 | — | 8.6% | ||
| Q4 25 | 0.1% | 10.4% | ||
| Q3 25 | 4.1% | 9.6% | ||
| Q2 25 | 4.1% | 8.5% | ||
| Q1 25 | 8.9% | 7.7% | ||
| Q4 24 | -2.9% | 1.4% | ||
| Q3 24 | 4.7% | 8.3% | ||
| Q2 24 | 6.5% | 3.0% |
净利率TNETTTMI
| Q1 26 | — | 5.9% | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | 2.8% | 7.0% | ||
| Q2 25 | 3.0% | 5.7% | ||
| Q1 25 | 6.6% | 5.0% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 3.6% | 2.3% | ||
| Q2 24 | 4.9% | 1.8% |
每股收益（稀释后）TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | $0.02 | $0.47 | ||
| Q3 25 | $0.70 | $0.50 | ||
| Q2 25 | $0.77 | $0.40 | ||
| Q1 25 | $1.71 | $0.31 | ||
| Q4 24 | $-0.44 | $0.05 | ||
| Q3 24 | $0.89 | $0.14 | ||
| Q2 24 | $1.20 | $0.10 |
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 | $410.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $1.8B |
| 总资产 | $3.8B | $4.0B |
| 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TNETTTMI
| Q1 26 | — | $410.0M | ||
| Q4 25 | $287.0M | $501.2M | ||
| Q3 25 | $321.0M | $491.1M | ||
| Q2 25 | $407.0M | $448.0M | ||
| Q1 25 | $349.0M | $411.3M | ||
| Q4 24 | $360.0M | $503.9M | ||
| Q3 24 | $301.0M | $469.5M | ||
| Q2 24 | $249.0M | $440.4M |
总债务TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | $916.2M | ||
| Q3 25 | — | $916.6M | ||
| Q2 25 | — | $917.1M | ||
| Q1 25 | — | $917.6M | ||
| Q4 24 | — | $914.4M | ||
| Q3 24 | — | $912.8M | ||
| Q2 24 | — | $913.9M |
股东权益TNETTTMI
| Q1 26 | — | $1.8B | ||
| Q4 25 | $54.0M | $1.8B | ||
| Q3 25 | $110.0M | $1.7B | ||
| Q2 25 | $107.0M | $1.6B | ||
| Q1 25 | $63.0M | $1.6B | ||
| Q4 24 | $69.0M | $1.6B | ||
| Q3 24 | $129.0M | $1.5B | ||
| Q2 24 | $100.0M | $1.5B |
总资产TNETTTMI
| Q1 26 | — | $4.0B | ||
| Q4 25 | $3.8B | $3.8B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.7B | $3.6B | ||
| Q1 25 | $3.8B | $3.5B | ||
| Q4 24 | $4.1B | $3.5B | ||
| Q3 24 | $3.7B | $3.4B | ||
| Q2 24 | $3.7B | $3.3B |
负债/权益比TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.60× |
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TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | $61.0M | $62.9M | ||
| Q3 25 | $72.0M | $141.8M | ||
| Q2 25 | $75.0M | $97.8M | ||
| Q1 25 | $95.0M | $-10.7M | ||
| Q4 24 | $65.0M | — | ||
| Q3 24 | $84.0M | $65.1M | ||
| Q2 24 | $39.0M | $43.9M |
自由现金流TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | $43.0M | $-6.5M | ||
| Q3 25 | $55.0M | $42.4M | ||
| Q2 25 | $57.0M | $37.4M | ||
| Q1 25 | $79.0M | $-74.0M | ||
| Q4 24 | $47.0M | — | ||
| Q3 24 | $59.0M | $24.2M | ||
| Q2 24 | $22.0M | $-5.4M |
自由现金流率TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | -0.8% | ||
| Q3 25 | 4.5% | 5.6% | ||
| Q2 25 | 4.6% | 5.1% | ||
| Q1 25 | 6.1% | -11.4% | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 4.8% | 3.9% | ||
| Q2 24 | 1.8% | -1.0% |
资本支出强度TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 9.0% | ||
| Q3 25 | 1.4% | 13.2% | ||
| Q2 25 | 1.5% | 8.3% | ||
| Q1 25 | 1.2% | 9.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 2.0% | 6.6% | ||
| Q2 24 | 1.4% | 8.7% |
现金转化率TNETTTMI
| Q1 26 | — | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 2.12× | 2.67× | ||
| Q2 25 | 2.03× | 2.36× | ||
| Q1 25 | 1.12× | -0.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.87× | 4.55× | ||
| Q2 24 | 0.65× | 4.19× |
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
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
TTMI
| Commercial | $495.0M | 59% |
| Aerospace & Defense | $351.7M | 42% |
| Medical, Industrial, and Instrumentation | $16.0K | 0% |
