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TRINET GROUP, INC.（TNET）与URBAN OUTFITTERS INC（URBN）财务数据对比。点击上方公司名可切换其他公司
URBAN OUTFITTERS INC的季度营收约是TRINET GROUP, INC.的1.2倍（$1.5B vs $1.2B），URBAN OUTFITTERS INC同比增速更快（12.3% vs -2.2%），TRINET GROUP, INC.自由现金流更多（$43.0M vs $-22.8M），过去两年URBAN OUTFITTERS INC的营收复合增速更高（1.4% 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。
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
TNET vs URBN — 直观对比
营收规模更大
URBN
是对方的1.2倍
$1.2B
营收增速更快
URBN
高出14.5%
-2.2%
自由现金流更多
TNET
多$65.8M
$-22.8M
两年增速更快
URBN
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | — | $116.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | 0.1% | 9.4% |
| 净利率 | — | 7.6% |
| 营收同比 | -2.2% | 12.3% |
| 净利润同比 | — | 13.1% |
| 每股收益（稀释后） | $0.02 | $1.28 |
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TNETURBN
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.3B | $1.5B |
净利润TNETURBN
| Q4 25 | — | $116.4M | ||
| Q3 25 | $34.0M | $143.9M | ||
| Q2 25 | $37.0M | $108.3M | ||
| Q1 25 | $85.0M | $120.3M | ||
| Q4 24 | — | $102.9M | ||
| Q3 24 | $45.0M | $117.5M | ||
| Q2 24 | $60.0M | $61.8M | ||
| Q1 24 | $91.0M | $47.8M |
毛利率TNETURBN
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 36.8% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 34.0% | ||
| Q1 24 | — | 29.2% |
营业利润率TNETURBN
| Q4 25 | 0.1% | 9.4% | ||
| Q3 25 | 4.1% | 11.6% | ||
| Q2 25 | 4.1% | 9.6% | ||
| Q1 25 | 8.9% | 7.7% | ||
| Q4 24 | -2.9% | 9.4% | ||
| Q3 24 | 4.7% | 10.7% | ||
| Q2 24 | 6.5% | 6.2% | ||
| Q1 24 | 9.7% | 3.9% |
净利率TNETURBN
| Q4 25 | — | 7.6% | ||
| Q3 25 | 2.8% | 9.6% | ||
| Q2 25 | 3.0% | 8.1% | ||
| Q1 25 | 6.6% | 7.4% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | 3.6% | 8.7% | ||
| Q2 24 | 4.9% | 5.1% | ||
| Q1 24 | 7.2% | 3.2% |
每股收益（稀释后）TNETURBN
| Q4 25 | $0.02 | $1.28 | ||
| Q3 25 | $0.70 | $1.58 | ||
| Q2 25 | $0.77 | $1.16 | ||
| Q1 25 | $1.71 | $1.27 | ||
| Q4 24 | $-0.44 | $1.10 | ||
| Q3 24 | $0.89 | $1.24 | ||
| Q2 24 | $1.20 | $0.65 | ||
| Q1 24 | $1.78 | $0.51 |
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 | $306.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $2.7B |
| 总资产 | $3.8B | $4.9B |
| 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TNETURBN
| Q4 25 | $287.0M | $306.6M | ||
| Q3 25 | $321.0M | $332.2M | ||
| Q2 25 | $407.0M | $189.4M | ||
| Q1 25 | $349.0M | $290.5M | ||
| Q4 24 | $360.0M | $182.5M | ||
| Q3 24 | $301.0M | $209.1M | ||
| Q2 24 | $249.0M | $174.0M | ||
| Q1 24 | $383.0M | $178.3M |
股东权益TNETURBN
| Q4 25 | $54.0M | $2.7B | ||
| Q3 25 | $110.0M | $2.6B | ||
| Q2 25 | $107.0M | $2.4B | ||
| Q1 25 | $63.0M | $2.5B | ||
| Q4 24 | $69.0M | $2.4B | ||
| Q3 24 | $129.0M | $2.2B | ||
| Q2 24 | $100.0M | $2.2B | ||
| Q1 24 | $143.0M | $2.1B |
总资产TNETURBN
| Q4 25 | $3.8B | $4.9B | ||
| Q3 25 | $3.4B | $4.7B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.8B | $4.5B | ||
| Q4 24 | $4.1B | $4.5B | ||
| Q3 24 | $3.7B | $4.3B | ||
| Q2 24 | $3.7B | $4.2B | ||
| Q1 24 | $4.0B | $4.1B |
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 | $61.1M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $-22.8M |
| 自由现金流率自由现金流/营收 | 3.4% | -1.5% |
| 资本支出强度资本支出/营收 | 1.4% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 0.53× |
| 过去12个月自由现金流最近4个季度 | $234.0M | $402.7M |
8季度趋势，按日历期对齐
经营现金流TNETURBN
| Q4 25 | $61.0M | $61.1M | ||
| Q3 25 | $72.0M | $218.0M | ||
| Q2 25 | $75.0M | $33.0M | ||
| Q1 25 | $95.0M | $320.5M | ||
| Q4 24 | $65.0M | $18.5M | ||
| Q3 24 | $84.0M | $105.3M | ||
| Q2 24 | $39.0M | $58.6M | ||
| Q1 24 | $91.0M | $229.2M |
自由现金流TNETURBN
| Q4 25 | $43.0M | $-22.8M | ||
| Q3 25 | $55.0M | $156.6M | ||
| Q2 25 | $57.0M | $-13.1M | ||
| Q1 25 | $79.0M | $281.9M | ||
| Q4 24 | $47.0M | $-26.6M | ||
| Q3 24 | $59.0M | $47.5M | ||
| Q2 24 | $22.0M | $17.5M | ||
| Q1 24 | $73.0M | $180.6M |
自由现金流率TNETURBN
| Q4 25 | 3.4% | -1.5% | ||
| Q3 25 | 4.5% | 10.4% | ||
| Q2 25 | 4.6% | -1.0% | ||
| Q1 25 | 6.1% | 17.2% | ||
| Q4 24 | 3.7% | -2.0% | ||
| Q3 24 | 4.8% | 3.5% | ||
| Q2 24 | 1.8% | 1.5% | ||
| Q1 24 | 5.8% | 12.2% |
资本支出强度TNETURBN
| Q4 25 | 1.4% | 5.5% | ||
| Q3 25 | 1.4% | 4.1% | ||
| Q2 25 | 1.5% | 3.5% | ||
| Q1 25 | 1.2% | 2.4% | ||
| Q4 24 | 1.4% | 3.3% | ||
| Q3 24 | 2.0% | 4.3% | ||
| Q2 24 | 1.4% | 3.4% | ||
| Q1 24 | 1.4% | 3.3% |
现金转化率TNETURBN
| Q4 25 | — | 0.53× | ||
| Q3 25 | 2.12× | 1.52× | ||
| Q2 25 | 2.03× | 0.30× | ||
| Q1 25 | 1.12× | 2.66× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | 1.87× | 0.90× | ||
| Q2 24 | 0.65× | 0.95× | ||
| Q1 24 | 1.00× | 4.80× |
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% |
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
