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TRINET GROUP, INC.（TNET）与U-Haul Holding Co（UHAL）财务数据对比。点击上方公司名可切换其他公司
U-Haul Holding Co的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），U-Haul Holding Co同比增速更快（1.9% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-447.6M）
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。
U-Haul控股公司是总部位于美国亚利桑那州凤凰城的移动货车、拖车及自助仓储租赁企业，1945年由伦纳德·肖恩与安娜·玛丽·卡蒂在华盛顿州里奇菲尔德创立，最初起步于卡蒂家族的车库，后通过加油站加盟模式扩张，业务覆盖美国全部50个州及加拿大10个省份。
TNET vs UHAL — 直观对比
营收规模更大
UHAL
是对方的1.1倍
$1.2B
营收增速更快
UHAL
高出4.1%
-2.2%
自由现金流更多
TNET
多$490.6M
$-447.6M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | — | $37.0M |
| 毛利率 | — | 96.4% |
| 营业利润率 | 0.1% | 2.4% |
| 净利率 | — | 2.6% |
| 营收同比 | -2.2% | 1.9% |
| 净利润同比 | — | -45.0% |
| 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TNETUHAL
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $232.1M | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.3B | — |
净利润TNETUHAL
| Q4 25 | — | $37.0M | ||
| Q3 25 | $34.0M | $105.5M | ||
| Q2 25 | $37.0M | $142.3M | ||
| Q1 25 | $85.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $45.0M | — | ||
| Q2 24 | $60.0M | — | ||
| Q1 24 | $91.0M | — |
毛利率TNETUHAL
| Q4 25 | — | 96.4% | ||
| Q3 25 | — | 96.1% | ||
| Q2 25 | — | 68.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率TNETUHAL
| Q4 25 | 0.1% | 2.4% | ||
| Q3 25 | 4.1% | 12.7% | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | -2.9% | — | ||
| Q3 24 | 4.7% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 9.7% | — |
净利率TNETUHAL
| Q4 25 | — | 2.6% | ||
| Q3 25 | 2.8% | 6.1% | ||
| Q2 25 | 3.0% | 61.3% | ||
| Q1 25 | 6.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 4.9% | — | ||
| Q1 24 | 7.2% | — |
每股收益（稀释后）TNETUHAL
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.70 | — | ||
| Q2 25 | $0.77 | — | ||
| Q1 25 | $1.71 | — | ||
| Q4 24 | $-0.44 | — | ||
| Q3 24 | $0.89 | — | ||
| Q2 24 | $1.20 | — | ||
| Q1 24 | $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 | $1.0B |
| 总债务越低越好 | — | $8.1B |
| 股东权益账面价值 | $54.0M | $7.7B |
| 总资产 | $3.8B | $21.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资TNETUHAL
| Q4 25 | $287.0M | $1.0B | ||
| Q3 25 | $321.0M | $1.1B | ||
| Q2 25 | $407.0M | $877.2M | ||
| Q1 25 | $349.0M | — | ||
| Q4 24 | $360.0M | — | ||
| Q3 24 | $301.0M | — | ||
| Q2 24 | $249.0M | — | ||
| Q1 24 | $383.0M | — |
总债务TNETUHAL
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | $7.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TNETUHAL
| Q4 25 | $54.0M | $7.7B | ||
| Q3 25 | $110.0M | $7.8B | ||
| Q2 25 | $107.0M | $7.7B | ||
| Q1 25 | $63.0M | — | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $129.0M | — | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $143.0M | — |
总资产TNETUHAL
| Q4 25 | $3.8B | $21.6B | ||
| Q3 25 | $3.4B | $21.4B | ||
| Q2 25 | $3.7B | $20.8B | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $4.0B | — |
负债/权益比TNETUHAL
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $240.6M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $-447.6M |
| 自由现金流率自由现金流/营收 | 3.4% | -31.6% |
| 资本支出强度资本支出/营收 | 1.4% | 48.6% |
| 现金转化率经营现金流/净利润 | — | 6.51× |
| 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TNETUHAL
| Q4 25 | $61.0M | $240.6M | ||
| Q3 25 | $72.0M | $551.6M | ||
| Q2 25 | $75.0M | $598.4M | ||
| Q1 25 | $95.0M | — | ||
| Q4 24 | $65.0M | — | ||
| Q3 24 | $84.0M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $91.0M | — |
自由现金流TNETUHAL
| Q4 25 | $43.0M | $-447.6M | ||
| Q3 25 | $55.0M | $-446.3M | ||
| Q2 25 | $57.0M | $-318.2M | ||
| 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TNETUHAL
| Q4 25 | 3.4% | -31.6% | ||
| Q3 25 | 4.5% | -25.9% | ||
| Q2 25 | 4.6% | -137.1% | ||
| 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TNETUHAL
| Q4 25 | 1.4% | 48.6% | ||
| Q3 25 | 1.4% | 58.0% | ||
| Q2 25 | 1.5% | 395.0% | ||
| 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TNETUHAL
| Q4 25 | — | 6.51× | ||
| Q3 25 | 2.12× | 5.23× | ||
| Q2 25 | 2.03× | 4.20× | ||
| Q1 25 | 1.12× | — | ||
| Q4 24 | — | — | ||
| 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
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
UHAL
| Long Term Contract With Customer | $1.2B | 82% |
| CA | $74.0M | 5% |
| Life Insurance | $56.2M | 4% |
| Accident And Health Insurance Segment | $49.8M | 4% |
| Investments Segment | $47.3M | 3% |
| Property And Casualty Insurance | $42.5M | 3% |
| Mercury | $1.6M | 0% |
