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TRINET GROUP, INC.（TNET）与UNIVERSAL CORP（UVV）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UNIVERSAL CORP的1.5倍（$1.2B vs $853.2M），TRINET GROUP, INC.同比增速更快（-2.2% vs -8.1%），UNIVERSAL CORP自由现金流更多（$95.1M vs $43.0M），过去两年UNIVERSAL CORP的营收复合增速更高（6.2% 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。
环球技术学院（UTI）是美国一家营利性私立技术院校体系，由罗伯特·斯威特于1965年创立，专注于为全美各地学生提供专业职业技术教育培训。
TNET vs UVV — 直观对比
营收规模更大
TNET
是对方的1.5倍
$853.2M
营收增速更快
TNET
高出5.9%
-8.1%
自由现金流更多
UVV
多$52.1M
$43.0M
两年增速更快
UVV
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $853.2M |
| 净利润 | — | $33.2M |
| 毛利率 | — | 17.8% |
| 营业利润率 | 0.1% | 9.6% |
| 净利率 | — | 3.9% |
| 营收同比 | -2.2% | -8.1% |
| 净利润同比 | — | -44.2% |
| 每股收益（稀释后） | $0.02 | $1.32 |
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TNETUVV
| Q4 25 | $1.2B | $853.2M | ||
| Q3 25 | $1.2B | $749.4M | ||
| Q2 25 | $1.2B | $592.6M | ||
| Q1 25 | $1.3B | $690.2M | ||
| Q4 24 | $1.3B | $928.0M | ||
| Q3 24 | $1.2B | $708.4M | ||
| Q2 24 | $1.2B | $596.4M | ||
| Q1 24 | $1.3B | $756.3M |
净利润TNETUVV
| Q4 25 | — | $33.2M | ||
| Q3 25 | $34.0M | $34.2M | ||
| Q2 25 | $37.0M | $8.5M | ||
| Q1 25 | $85.0M | $9.3M | ||
| Q4 24 | — | $59.6M | ||
| Q3 24 | $45.0M | $25.9M | ||
| Q2 24 | $60.0M | $130.0K | ||
| Q1 24 | $91.0M | $40.3M |
毛利率TNETUVV
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 18.0% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 15.1% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 16.0% | ||
| Q1 24 | — | 18.0% |
营业利润率TNETUVV
| Q4 25 | 0.1% | 9.6% | ||
| Q3 25 | 4.1% | 9.0% | ||
| Q2 25 | 4.1% | 5.7% | ||
| Q1 25 | 8.9% | 6.2% | ||
| Q4 24 | -2.9% | 11.2% | ||
| Q3 24 | 4.7% | 9.7% | ||
| Q2 24 | 6.5% | 2.9% | ||
| Q1 24 | 9.7% | 9.0% |
净利率TNETUVV
| Q4 25 | — | 3.9% | ||
| Q3 25 | 2.8% | 4.6% | ||
| Q2 25 | 3.0% | 1.4% | ||
| Q1 25 | 6.6% | 1.4% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | 3.6% | 3.7% | ||
| Q2 24 | 4.9% | 0.0% | ||
| Q1 24 | 7.2% | 5.3% |
每股收益（稀释后）TNETUVV
| Q4 25 | $0.02 | $1.32 | ||
| Q3 25 | $0.70 | $1.36 | ||
| Q2 25 | $0.77 | $0.34 | ||
| Q1 25 | $1.71 | $0.37 | ||
| Q4 24 | $-0.44 | $2.37 | ||
| Q3 24 | $0.89 | $1.03 | ||
| Q2 24 | $1.20 | $0.01 | ||
| Q1 24 | $1.78 | $1.62 |
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 | $85.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $1.5B |
| 总资产 | $3.8B | $3.0B |
| 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TNETUVV
| Q4 25 | $287.0M | $85.2M | ||
| Q3 25 | $321.0M | $88.7M | ||
| Q2 25 | $407.0M | $178.4M | ||
| Q1 25 | $349.0M | $260.1M | ||
| Q4 24 | $360.0M | $215.1M | ||
| Q3 24 | $301.0M | $80.1M | ||
| Q2 24 | $249.0M | $101.7M | ||
| Q1 24 | $383.0M | $55.6M |
股东权益TNETUVV
| Q4 25 | $54.0M | $1.5B | ||
| Q3 25 | $110.0M | $1.5B | ||
| Q2 25 | $107.0M | $1.5B | ||
| Q1 25 | $63.0M | $1.5B | ||
| Q4 24 | $69.0M | $1.5B | ||
| Q3 24 | $129.0M | $1.4B | ||
| Q2 24 | $100.0M | $1.4B | ||
| Q1 24 | $143.0M | $1.4B |
总资产TNETUVV
| Q4 25 | $3.8B | $3.0B | ||
| Q3 25 | $3.4B | $3.1B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $4.1B | $3.0B | ||
| Q3 24 | $3.7B | $3.0B | ||
| Q2 24 | $3.7B | $3.0B | ||
| Q1 24 | $4.0B | $2.9B |
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 | $114.3M |
| 自由现金流经营现金流 - 资本支出 | $43.0M | $95.1M |
| 自由现金流率自由现金流/营收 | 3.4% | 11.1% |
| 资本支出强度资本支出/营收 | 1.4% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 3.44× |
| 过去12个月自由现金流最近4个季度 | $234.0M | $52.7M |
8季度趋势，按日历期对齐
经营现金流TNETUVV
| Q4 25 | $61.0M | $114.3M | ||
| Q3 25 | $72.0M | $32.7M | ||
| Q2 25 | $75.0M | $-205.1M | ||
| Q1 25 | $95.0M | $158.7M | ||
| Q4 24 | $65.0M | $215.6M | ||
| Q3 24 | $84.0M | $15.0M | ||
| Q2 24 | $39.0M | $-62.4M | ||
| Q1 24 | $91.0M | $-27.9M |
自由现金流TNETUVV
| Q4 25 | $43.0M | $95.1M | ||
| Q3 25 | $55.0M | $23.7M | ||
| Q2 25 | $57.0M | $-217.2M | ||
| Q1 25 | $79.0M | $151.0M | ||
| Q4 24 | $47.0M | $199.6M | ||
| Q3 24 | $59.0M | $-1.0M | ||
| Q2 24 | $22.0M | $-85.2M | ||
| Q1 24 | $73.0M | $-46.2M |
自由现金流率TNETUVV
| Q4 25 | 3.4% | 11.1% | ||
| Q3 25 | 4.5% | 3.2% | ||
| Q2 25 | 4.6% | -36.6% | ||
| Q1 25 | 6.1% | 21.9% | ||
| Q4 24 | 3.7% | 21.5% | ||
| Q3 24 | 4.8% | -0.1% | ||
| Q2 24 | 1.8% | -14.3% | ||
| Q1 24 | 5.8% | -6.1% |
资本支出强度TNETUVV
| Q4 25 | 1.4% | 2.3% | ||
| Q3 25 | 1.4% | 1.2% | ||
| Q2 25 | 1.5% | 2.0% | ||
| Q1 25 | 1.2% | 1.1% | ||
| Q4 24 | 1.4% | 1.7% | ||
| Q3 24 | 2.0% | 2.3% | ||
| Q2 24 | 1.4% | 3.8% | ||
| Q1 24 | 1.4% | 2.4% |
现金转化率TNETUVV
| Q4 25 | — | 3.44× | ||
| Q3 25 | 2.12× | 0.96× | ||
| Q2 25 | 2.03× | -24.14× | ||
| Q1 25 | 1.12× | 17.00× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | 1.87× | 0.58× | ||
| Q2 24 | 0.65× | -480.34× | ||
| Q1 24 | 1.00× | -0.69× |
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% |
UVV
| Tobacco Operations | $779.9M | 91% |
| Service Other | $36.7M | 4% |
| Other | $17.8M | 2% |
