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TRINET GROUP, INC.（TNET）与TWILIO INC（TWLO）财务数据对比。点击上方公司名可切换其他公司
TWILIO INC的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），TWILIO INC自由现金流更多（$132.0M vs $43.0M），过去两年TWILIO INC的营收复合增速更高（14.0% 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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
TNET vs TWLO — 直观对比
营收规模更大
TWLO
是对方的1.1倍
$1.2B
自由现金流更多
TWLO
多$89.0M
$43.0M
两年增速更快
TWLO
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | — | $90.0M |
| 毛利率 | — | 48.6% |
| 营业利润率 | 0.1% | 7.7% |
| 净利率 | — | 6.4% |
| 营收同比 | -2.2% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.02 | $0.57 |
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TNETTWLO
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B |
净利润TNETTWLO
| Q1 26 | — | $90.0M | ||
| Q4 25 | — | $-45.9M | ||
| Q3 25 | $34.0M | $37.2M | ||
| Q2 25 | $37.0M | $22.4M | ||
| Q1 25 | $85.0M | $20.0M | ||
| Q4 24 | — | $-12.5M | ||
| Q3 24 | $45.0M | $-9.7M | ||
| Q2 24 | $60.0M | $-31.9M |
毛利率TNETTWLO
| Q1 26 | — | 48.6% | ||
| Q4 25 | — | 48.5% | ||
| Q3 25 | — | 48.6% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | — | 49.6% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 51.0% | ||
| Q2 24 | — | 51.3% |
营业利润率TNETTWLO
| Q1 26 | — | 7.7% | ||
| Q4 25 | 0.1% | 4.2% | ||
| Q3 25 | 4.1% | 3.1% | ||
| Q2 25 | 4.1% | 3.0% | ||
| Q1 25 | 8.9% | 2.0% | ||
| Q4 24 | -2.9% | 1.1% | ||
| Q3 24 | 4.7% | -0.4% | ||
| Q2 24 | 6.5% | -1.8% |
净利率TNETTWLO
| Q1 26 | — | 6.4% | ||
| Q4 25 | — | -3.4% | ||
| Q3 25 | 2.8% | 2.9% | ||
| Q2 25 | 3.0% | 1.8% | ||
| Q1 25 | 6.6% | 1.7% | ||
| Q4 24 | — | -1.0% | ||
| Q3 24 | 3.6% | -0.9% | ||
| Q2 24 | 4.9% | -2.9% |
每股收益（稀释后）TNETTWLO
| Q1 26 | — | $0.57 | ||
| Q4 25 | $0.02 | $-0.28 | ||
| Q3 25 | $0.70 | $0.23 | ||
| Q2 25 | $0.77 | $0.14 | ||
| Q1 25 | $1.71 | $0.12 | ||
| Q4 24 | $-0.44 | $-0.10 | ||
| Q3 24 | $0.89 | $-0.06 | ||
| Q2 24 | $1.20 | $-0.19 |
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 | $542.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $7.8B |
| 总资产 | $3.8B | $9.6B |
| 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TNETTWLO
| Q1 26 | — | $542.0M | ||
| Q4 25 | $287.0M | $682.3M | ||
| Q3 25 | $321.0M | $734.8M | ||
| Q2 25 | $407.0M | $969.2M | ||
| Q1 25 | $349.0M | $467.1M | ||
| Q4 24 | $360.0M | $421.3M | ||
| Q3 24 | $301.0M | $584.0M | ||
| Q2 24 | $249.0M | $755.1M |
总债务TNETTWLO
| Q1 26 | — | — | ||
| Q4 25 | — | $992.3M | ||
| Q3 25 | — | $991.9M | ||
| Q2 25 | — | $991.4M | ||
| Q1 25 | — | $991.0M | ||
| Q4 24 | — | $990.6M | ||
| Q3 24 | — | $990.2M | ||
| Q2 24 | — | $989.8M |
股东权益TNETTWLO
| Q1 26 | — | $7.8B | ||
| Q4 25 | $54.0M | $7.8B | ||
| Q3 25 | $110.0M | $7.9B | ||
| Q2 25 | $107.0M | $8.0B | ||
| Q1 25 | $63.0M | $8.0B | ||
| Q4 24 | $69.0M | $8.0B | ||
| Q3 24 | $129.0M | $8.2B | ||
| Q2 24 | $100.0M | $8.7B |
总资产TNETTWLO
| Q1 26 | — | $9.6B | ||
| Q4 25 | $3.8B | $9.8B | ||
| Q3 25 | $3.4B | $9.7B | ||
| Q2 25 | $3.7B | $9.8B | ||
| Q1 25 | $3.8B | $9.8B | ||
| Q4 24 | $4.1B | $9.9B | ||
| Q3 24 | $3.7B | $10.0B | ||
| Q2 24 | $3.7B | $10.5B |
负债/权益比TNETTWLO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.13× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.12× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.11× |
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 | $153.0M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $132.0M |
| 自由现金流率自由现金流/营收 | 3.4% | 9.4% |
| 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 | — | 1.70× |
| 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TNETTWLO
| Q1 26 | — | $153.0M | ||
| Q4 25 | $61.0M | $271.6M | ||
| Q3 25 | $72.0M | $263.6M | ||
| Q2 25 | $75.0M | $277.1M | ||
| Q1 25 | $95.0M | $191.0M | ||
| Q4 24 | $65.0M | $108.4M | ||
| Q3 24 | $84.0M | $204.3M | ||
| Q2 24 | $39.0M | $213.3M |
自由现金流TNETTWLO
| Q1 26 | — | $132.0M | ||
| 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 | — |
自由现金流率TNETTWLO
| Q1 26 | — | 9.4% | ||
| 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% | — |
资本支出强度TNETTWLO
| Q1 26 | — | — | ||
| 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% | — |
现金转化率TNETTWLO
| Q1 26 | — | 1.70× | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.12× | 7.08× | ||
| Q2 25 | 2.03× | 12.36× | ||
| Q1 25 | 1.12× | 9.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.87× | — | ||
| Q2 24 | 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
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
TWLO
暂无分部数据
