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TRINET GROUP, INC.（TNET）与UFP INDUSTRIES INC（UFPI）财务数据对比。点击上方公司名可切换其他公司
UFP INDUSTRIES INC的季度营收约是TRINET GROUP, INC.的1.1倍（$1.3B vs $1.2B），TRINET GROUP, INC.同比增速更快（-2.2% vs -9.0%），UFP INDUSTRIES INC自由现金流更多（$82.7M vs $43.0M），过去两年TRINET GROUP, INC.的营收复合增速更高（-0.6% vs -9.9%）
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。
UFP工业是一家控股企业，业务覆盖零售、工业、建筑三大市场，总部位于美国密歇根州大急流城，1993年公开上市，旗下共有218家关联运营主体，面向零售、建筑、包装三大领域供应数万种产品。
TNET vs UFPI — 直观对比
营收规模更大
UFPI
是对方的1.1倍
$1.2B
营收增速更快
TNET
高出6.8%
-9.0%
自由现金流更多
UFPI
多$39.7M
$43.0M
两年增速更快
TNET
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | — | $40.0M |
| 毛利率 | — | 16.3% |
| 营业利润率 | 0.1% | 4.4% |
| 净利率 | — | 3.0% |
| 营收同比 | -2.2% | -9.0% |
| 净利润同比 | — | -41.3% |
| 每股收益（稀释后） | $0.02 | $0.71 |
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TNETUFPI
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.3B | $1.6B |
净利润TNETUFPI
| Q4 25 | — | $40.0M | ||
| Q3 25 | $34.0M | $75.3M | ||
| Q2 25 | $37.0M | $100.7M | ||
| Q1 25 | $85.0M | $78.8M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | $45.0M | $99.8M | ||
| Q2 24 | $60.0M | $125.9M | ||
| Q1 24 | $91.0M | $120.8M |
毛利率TNETUFPI
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 16.8% | ||
| Q4 24 | — | 16.4% | ||
| Q3 24 | — | 18.1% | ||
| Q2 24 | — | 19.1% | ||
| Q1 24 | — | 19.9% |
营业利润率TNETUFPI
| Q4 25 | 0.1% | 4.4% | ||
| Q3 25 | 4.1% | 5.7% | ||
| Q2 25 | 4.1% | 6.7% | ||
| Q1 25 | 8.9% | 5.8% | ||
| Q4 24 | -2.9% | 5.4% | ||
| Q3 24 | 4.7% | 7.3% | ||
| Q2 24 | 6.5% | 8.4% | ||
| Q1 24 | 9.7% | 8.2% |
净利率TNETUFPI
| Q4 25 | — | 3.0% | ||
| Q3 25 | 2.8% | 4.8% | ||
| Q2 25 | 3.0% | 5.5% | ||
| Q1 25 | 6.6% | 4.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 3.6% | 6.1% | ||
| Q2 24 | 4.9% | 6.6% | ||
| Q1 24 | 7.2% | 7.4% |
每股收益（稀释后）TNETUFPI
| Q4 25 | $0.02 | $0.71 | ||
| Q3 25 | $0.70 | $1.29 | ||
| Q2 25 | $0.77 | $1.70 | ||
| Q1 25 | $1.71 | $1.30 | ||
| Q4 24 | $-0.44 | $1.12 | ||
| Q3 24 | $0.89 | $1.64 | ||
| Q2 24 | $1.20 | $2.05 | ||
| Q1 24 | $1.78 | $1.96 |
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 | $948.6M |
| 总债务越低越好 | — | $229.8M |
| 股东权益账面价值 | $54.0M | $3.1B |
| 总资产 | $3.8B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资TNETUFPI
| Q4 25 | $287.0M | $948.6M | ||
| Q3 25 | $321.0M | $1.0B | ||
| Q2 25 | $407.0M | $874.0M | ||
| Q1 25 | $349.0M | $934.3M | ||
| Q4 24 | $360.0M | $1.2B | ||
| Q3 24 | $301.0M | $1.2B | ||
| Q2 24 | $249.0M | $1.1B | ||
| Q1 24 | $383.0M | $1.0B |
总债务TNETUFPI
| Q4 25 | — | $229.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $234.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TNETUFPI
| Q4 25 | $54.0M | $3.1B | ||
| Q3 25 | $110.0M | $3.2B | ||
| Q2 25 | $107.0M | $3.1B | ||
| Q1 25 | $63.0M | $3.2B | ||
| Q4 24 | $69.0M | $3.2B | ||
| Q3 24 | $129.0M | $3.2B | ||
| Q2 24 | $100.0M | $3.1B | ||
| Q1 24 | $143.0M | $3.1B |
总资产TNETUFPI
| Q4 25 | $3.8B | $4.0B | ||
| Q3 25 | $3.4B | $4.1B | ||
| Q2 25 | $3.7B | $4.1B | ||
| Q1 25 | $3.8B | $4.2B | ||
| Q4 24 | $4.1B | $4.2B | ||
| Q3 24 | $3.7B | $4.2B | ||
| Q2 24 | $3.7B | $4.1B | ||
| Q1 24 | $4.0B | $4.1B |
负债/权益比TNETUFPI
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $146.6M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $82.7M |
| 自由现金流率自由现金流/营收 | 3.4% | 6.2% |
| 资本支出强度资本支出/营收 | 1.4% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 3.67× |
| 过去12个月自由现金流最近4个季度 | $234.0M | $276.4M |
8季度趋势，按日历期对齐
经营现金流TNETUFPI
| Q4 25 | $61.0M | $146.6M | ||
| Q3 25 | $72.0M | $286.0M | ||
| Q2 25 | $75.0M | $221.9M | ||
| Q1 25 | $95.0M | $-108.8M | ||
| Q4 24 | $65.0M | $144.9M | ||
| Q3 24 | $84.0M | $258.6M | ||
| Q2 24 | $39.0M | $255.9M | ||
| Q1 24 | $91.0M | $-16.8M |
自由现金流TNETUFPI
| Q4 25 | $43.0M | $82.7M | ||
| Q3 25 | $55.0M | $210.2M | ||
| Q2 25 | $57.0M | $159.5M | ||
| Q1 25 | $79.0M | $-176.1M | ||
| Q4 24 | $47.0M | $78.1M | ||
| Q3 24 | $59.0M | $199.7M | ||
| Q2 24 | $22.0M | $198.4M | ||
| Q1 24 | $73.0M | $-65.9M |
自由现金流率TNETUFPI
| Q4 25 | 3.4% | 6.2% | ||
| Q3 25 | 4.5% | 13.5% | ||
| Q2 25 | 4.6% | 8.7% | ||
| Q1 25 | 6.1% | -11.0% | ||
| Q4 24 | 3.7% | 5.3% | ||
| Q3 24 | 4.8% | 12.1% | ||
| Q2 24 | 1.8% | 10.4% | ||
| Q1 24 | 5.8% | -4.0% |
资本支出强度TNETUFPI
| Q4 25 | 1.4% | 4.8% | ||
| Q3 25 | 1.4% | 4.9% | ||
| Q2 25 | 1.5% | 3.4% | ||
| Q1 25 | 1.2% | 4.2% | ||
| Q4 24 | 1.4% | 4.6% | ||
| Q3 24 | 2.0% | 3.6% | ||
| Q2 24 | 1.4% | 3.0% | ||
| Q1 24 | 1.4% | 3.0% |
现金转化率TNETUFPI
| Q4 25 | — | 3.67× | ||
| Q3 25 | 2.12× | 3.80× | ||
| Q2 25 | 2.03× | 2.20× | ||
| Q1 25 | 1.12× | -1.38× | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | 1.87× | 2.59× | ||
| Q2 24 | 0.65× | 2.03× | ||
| Q1 24 | 1.00× | -0.14× |
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% |
UFPI
| Retail Segment | $444.0M | 33% |
| Structural Packaging | $230.2M | 17% |
| Factory Built | $189.7M | 14% |
| Site Built | $152.7M | 11% |
| Palletone Inc | $119.2M | 9% |
| Deckorators | $55.2M | 4% |
| Commercial | $53.2M | 4% |
| Concrete Forming | $44.2M | 3% |
| Transferred Over Time | $29.6M | 2% |
| Protective Packaging | $20.7M | 2% |
