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TRINET GROUP, INC.（TNET）与Virtu Financial, Inc.（VIRT）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Virtu Financial, Inc.的1.1倍（$1.2B vs $1.1B），Virtu Financial, Inc.同比增速更快（30.7% vs -2.2%），过去两年Virtu Financial, Inc.的营收复合增速更高（25.7% 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。
Virtu Financial, Inc.是一家总部位于美国的高频交易企业，专注于金融市场的自动化交易业务，拥有行业领先的交易技术研发与落地能力，于2015年在纳斯达克证券交易所正式挂牌上市。
TNET vs VIRT — 直观对比
营收规模更大
TNET
是对方的1.1倍
$1.1B
营收增速更快
VIRT
高出32.9%
-2.2%
两年增速更快
VIRT
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | — | $346.6M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | 37.4% |
| 净利率 | — | 31.6% |
| 营收同比 | -2.2% | 30.7% |
| 净利润同比 | — | 82.8% |
| 每股收益（稀释后） | $0.02 | $1.99 |
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TNETVIRT
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.2B | $969.9M | ||
| Q3 25 | $1.2B | $824.8M | ||
| Q2 25 | $1.2B | $999.6M | ||
| Q1 25 | $1.3B | $837.9M | ||
| Q4 24 | $1.3B | $834.3M | ||
| Q3 24 | $1.2B | $706.8M | ||
| Q2 24 | $1.2B | $693.0M |
净利润TNETVIRT
| Q1 26 | — | $346.6M | ||
| Q4 25 | — | $139.9M | ||
| Q3 25 | $34.0M | $77.6M | ||
| Q2 25 | $37.0M | $151.2M | ||
| Q1 25 | $85.0M | $99.7M | ||
| Q4 24 | — | $94.1M | ||
| Q3 24 | $45.0M | $60.0M | ||
| Q2 24 | $60.0M | $66.6M |
营业利润率TNETVIRT
| Q1 26 | — | 37.4% | ||
| Q4 25 | 0.1% | 35.4% | ||
| Q3 25 | 4.1% | 21.8% | ||
| Q2 25 | 4.1% | 34.7% | ||
| Q1 25 | 8.9% | 26.7% | ||
| Q4 24 | -2.9% | 24.3% | ||
| Q3 24 | 4.7% | 20.8% | ||
| Q2 24 | 6.5% | 22.4% |
净利率TNETVIRT
| Q1 26 | — | 31.6% | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | 2.8% | 9.4% | ||
| Q2 25 | 3.0% | 15.1% | ||
| Q1 25 | 6.6% | 11.9% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | 3.6% | 8.5% | ||
| Q2 24 | 4.9% | 9.6% |
每股收益（稀释后）TNETVIRT
| Q1 26 | — | $1.99 | ||
| Q4 25 | $0.02 | $1.54 | ||
| Q3 25 | $0.70 | $0.86 | ||
| Q2 25 | $0.77 | $1.65 | ||
| Q1 25 | $1.71 | $1.08 | ||
| Q4 24 | $-0.44 | $1.03 | ||
| Q3 24 | $0.89 | $0.64 | ||
| Q2 24 | $1.20 | $0.71 |
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 | $973.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $54.0M | $2.2B |
| 总资产 | $3.8B | $25.1B |
| 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TNETVIRT
| Q1 26 | — | $973.2M | ||
| Q4 25 | $287.0M | $1.1B | ||
| Q3 25 | $321.0M | $707.9M | ||
| Q2 25 | $407.0M | $752.1M | ||
| Q1 25 | $349.0M | $723.6M | ||
| Q4 24 | $360.0M | $872.5M | ||
| Q3 24 | $301.0M | $701.4M | ||
| Q2 24 | $249.0M | $684.8M |
总债务TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B |
股东权益TNETVIRT
| Q1 26 | — | $2.2B | ||
| Q4 25 | $54.0M | $1.6B | ||
| Q3 25 | $110.0M | $1.5B | ||
| Q2 25 | $107.0M | $1.4B | ||
| Q1 25 | $63.0M | $1.3B | ||
| Q4 24 | $69.0M | $1.3B | ||
| Q3 24 | $129.0M | $1.2B | ||
| Q2 24 | $100.0M | $1.2B |
总资产TNETVIRT
| Q1 26 | — | $25.1B | ||
| Q4 25 | $3.8B | $20.2B | ||
| Q3 25 | $3.4B | $21.3B | ||
| Q2 25 | $3.7B | $19.3B | ||
| Q1 25 | $3.8B | $17.5B | ||
| Q4 24 | $4.1B | $15.4B | ||
| Q3 24 | $3.7B | $14.4B | ||
| Q2 24 | $3.7B | $13.9B |
负债/权益比TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 1.41× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $43.0M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 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 | — | — |
| 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TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | $61.0M | $518.4M | ||
| Q3 25 | $72.0M | $-68.7M | ||
| Q2 25 | $75.0M | $62.8M | ||
| Q1 25 | $95.0M | $15.0M | ||
| Q4 24 | $65.0M | $599.0M | ||
| Q3 24 | $84.0M | $112.1M | ||
| Q2 24 | $39.0M | $490.8M |
自由现金流TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | $43.0M | $495.6M | ||
| Q3 25 | $55.0M | $-76.7M | ||
| Q2 25 | $57.0M | $57.6M | ||
| Q1 25 | $79.0M | $9.2M | ||
| Q4 24 | $47.0M | $586.6M | ||
| Q3 24 | $59.0M | $106.2M | ||
| Q2 24 | $22.0M | $486.9M |
自由现金流率TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 51.1% | ||
| Q3 25 | 4.5% | -9.3% | ||
| Q2 25 | 4.6% | 5.8% | ||
| Q1 25 | 6.1% | 1.1% | ||
| Q4 24 | 3.7% | 70.3% | ||
| Q3 24 | 4.8% | 15.0% | ||
| Q2 24 | 1.8% | 70.3% |
资本支出强度TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 2.4% | ||
| Q3 25 | 1.4% | 1.0% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 1.2% | 0.7% | ||
| Q4 24 | 1.4% | 1.5% | ||
| Q3 24 | 2.0% | 0.8% | ||
| Q2 24 | 1.4% | 0.6% |
现金转化率TNETVIRT
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 2.12× | -0.89× | ||
| Q2 25 | 2.03× | 0.42× | ||
| Q1 25 | 1.12× | 0.15× | ||
| Q4 24 | — | 6.37× | ||
| Q3 24 | 1.87× | 1.87× | ||
| Q2 24 | 0.65× | 7.37× |
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% |
VIRT
| Trading income, net | $789.1M | 72% |
| Commissions, net and technology services | $186.6M | 17% |
| Other | $119.6M | 11% |
